crOnies

Barack Obama's weak jobs pick--Charles Gasparino - NYPOST.com: "The naming of General Electric CEO Jeff Immelt to head the new Council on Jobs and Competitiveness is supposed to show the country that President Obama really is serious about dealing with the nation's economic woes through the free market system, rather than the government programs and handouts that characterized his first two years in office.

Except it doesn't.

Sure, Immelt brings a lot of business experience to the post -- he's spent many years in the trenches of one of the world's biggest companies, and his last 10 as its CEO. Problem is, this isn't necessarily the kind of experience needed to deal with 'jobs and competitiveness.'

Rather, Immelt's selection underscores the inherent flaw in Obamanomics: It favors the crony capitalists at the banks and large corporations that feed off government bailouts and contracts at the expense of entrepreneurs and small businesses, who in the past have pulled the nation's economy out of recession and created jobs."