Thread: Stimulapalooza: 3.6 Million Jobs Lost is “Quite Positive;”

Originally Posted by Jolie Rouge

Jobs plan on the move: Petition asking White House to consider building Death Star exceeds 25,000 signatures
By Doug Powers • December 13, 2012 06:29 PM

Paul Krugman could write a whole book http://michellemalkin.com/2012/05/27...tack-stimulus/ explaining why we should follow through with this petition: http://thefw.com/death-star-petition



Petitions on the White House website require 25,000 signatures to be eligible for a response, and that number was exceeded today. https://petitions.whitehouse.gov/pet...-2016/wlfKzFkN

So, would building a “Death Star” type of thing be an affordable job creator? http://thefw.com/death-star-petition/



Putting on my “Obama economic advisor” hat for a moment, that would absolutely be doable. It would be simple: Calculate how much all those battles in Star Wars would cost to fight in real life and then budget for them by spreading the cost over a thousand years. Then, call off the wars and front load the “savings” to finance construction. This deal pays for itself! And if there still isn’t enough to cover the cost, any remaining debt is probably nothing that couldn’t be erased with one push of Ben Bernanke’s QE5 button.

**Written by Doug Powers http://michellemalkin.com/2012/12/13...se-death-star/

THIS IS TOTALLY WICKED !

Official White House Response to
Secure resources and funding, and begin construction of a Death Star by 2016.
This Isn't the Petition Response You're Looking For
By Paul Shawcross

The Administration shares your desire for job creation and a strong national defense, but a Death Star isn't on the horizon. Here are a few reasons:

•The construction of the Death Star has been estimated to cost more than $850,000,000,000,000,000. We're working hard to reduce the deficit, not expand it.

•The Administration does not support blowing up planets.

•Why would we spend countless taxpayer dollars on a Death Star with a fundamental flaw that can be exploited by a one-man starship?


However, look carefully (here's how) and you'll notice something already floating in the sky -- that's no Moon, it's a Space Station! Yes, we already have a giant, football field-sized International Space Station in orbit around the Earth that's helping us learn how humans can live and thrive in space for long durations. The Space Station has six astronauts -- American, Russian, and Canadian -- living in it right now, conducting research, learning how to live and work in space over long periods of time, routinely welcoming visiting spacecraft and repairing onboard garbage mashers, etc. We've also got two robot science labs -- one wielding a laser -- roving around Mars, looking at whether life ever existed on the Red Planet.

Keep in mind, space is no longer just government-only. Private American companies, through NASA's Commercial Crew and Cargo Program Office (C3PO), are ferrying cargo -- and soon, crew -- to space for NASA, and are pursuing human missions to the Moon this decade.

Even though the United States doesn't have anything that can do the Kessel Run in less than 12 parsecs, we've got two spacecraft leaving the Solar System and we're building a probe that will fly to the exterior layers of the Sun. We are discovering hundreds of new planets in other star systems and building a much more powerful successor to the Hubble Space Telescope that will see back to the early days of the universe.

We don't have a Death Star, but we do have floating robot assistants on the Space Station, a President who knows his way around a light saber and advanced (marshmallow) cannon, and the Defense Advanced Research Projects Agency, which is supporting research on building Luke's arm, floating droids, and quadruped walkers.

We are living in the future! Enjoy it. Or better yet, help build it by pursuing a career in a science, technology, engineering or math-related field. The President has held the first-ever White House science fairs and Astronomy Night on the South Lawn because he knows these domains are critical to our country's future, and to ensuring the United States continues leading the world in doing big things. If you do pursue a career in a science, technology, engineering or math-related field, the Force will be with us! Remember, the Death Star's power to destroy a planet, or even a whole star system, is insignificant next to the power of the Force.

Paul Shawcross is Chief of the Science and Space Branch at the White House Office of Management and Budget

Tell us what you think about this response and We the People.

https://petitions.whitehouse.gov/res...-youre-looking

[IMG][/IMG]

phantoms ?

Tuesday, 11 October 2011 13:01
Obama's Jobs Council Comprises Job-Cutting Executives
Written by Brian Koenig

President Obama is traveling to Pittsburgh today to discuss with prominent American business leaders the lingering economic barrier of high unemployment. The gathering will consist of members of the President’s Council on Jobs and Competitiveness (Jobs Council), which was established in January to "provide non-partisan advice to the President on continuing to strengthen the Nation’s economy and ensure competitiveness of the United States and on ways to create jobs, opportunity, and prosperity for the American people."


The Jobs Council comprises 27 Obama-appointed business leaders from primarily corporate entities outside the federal government who are responsible for advising the President "on how the Federal Government can best foster growth, competitiveness, innovation, and job creation." The council includes executives from American Express, Boeing, and Citigroup, and is chaired by Obama’s corporate cohort, CEO of General Electric Jeffrey Immelt.

But many of the Jobs Council’s chief executives have rotten track records of creating jobs, as they have axed expansion projects, terminated entire departments, and slashed thousands of American jobs, despite posting record profits. Chief executive of Xerox, Ursula Burns, who sits on the council, laid off 4,500 workers in the first six months of 2011, despite having a 16 percent hike in total revenue in the first quarter of this year. "Steady revenue growth and our continued sharp focus on operational improvements resulted in a 28 percent increase in adjusted earnings. It’s a good start to the year," Burns said in April.

The Los Angeles Times reported:

Just days before the president appointed Kenneth I. Chenault, chairman and chief executive of American Express, to the council, the company announced a massive restructuring that closed a facility in North Carolina and eliminated 550 jobs, or about 1% of the company's workforce. At the same time, American Express announced it had made $1.1 billion in the fourth quarter of 2010, up 48% from the same period the previous year...

Jim McNerney, chief executive of Boeing, shrank the company's California operations because of the end of the space shuttle program and defense cutbacks. In January, Boeing said it was cutting 1,100 U.S. jobs, including 900 in Long Beach, and has since announced further cuts in Alabama and Kansas, while adding jobs elsewhere. At the same time, Boeing reported that profits rose 20%, to $941 billion in the second quarter of 2011.

Kodak, whose chief executive Antonio Perez occupies a chair on Obama’s "job-creating" council, has been shrinking its workforce for years, particularly at its manufacturing facilities in Rochester, N.Y. Within the last seven years, the number of employees at the Rochester facilities has dwindled by over 2,000.

Another leading concern among critics is the council’s budding impulse for corporate welfare and crony capitalism, as some of the council’s members have reaped lavish government benefits for so-called research and job-creation projects. General Electric, for one, was awarded $210 million in stimulus money from the 2009 American Recovery and Reinvestment Act — and its CEO, Mr. Immelt, chairs the Jobs Council.

"We’ve had concerns that Immelt uses the government rather than the marketplace to drive GE’s philosophy on how to do business," asserted Wayne Brough, chief economist at the national Tea Party group Freedomworks. "It feeds into a crony capitalist kind of mentality that isn’t actually the best way to generate economic growth."

But despite such bounteous government luxury, GE has shut down 31 U.S. locations and cut 22,000 jobs in the last four years. Further, the nation’s largest corporation has slashed wages for nonunion employees, while offering less comprehensive health plans and eliminating pensions for new employees. "We think it speaks of incredibly poor judgment on the part of the White House to select the members of the panel that they’ve selected and try to describe it somehow as a job creation panel," said Chris Townsend, a political action director of a labor union representing 3,500 GE workers.

General Electric has also shipped many segments of its operations overseas, which has resulted in thousands of American jobs being converted to foreign jobs. Indeed, no U.S. company has gone global more progressively than GE, as the company’s self-proclaimed globalist CEO stands at the forefront of American outsourcing. GE has become so globalized that more than half of its 300,000-strong workforce lodges overseas, and 60 percent of the company’s revenue is foreign — 30 percent more, or double, what it was before Immelt took hold of the company.

The Wall Street Journal reported:

GE has created more jobs overseas in the last decade than it did at home. GE employs more people outside the U.S. than within the country. Its U.S. employment dropped by 16% over the previous decade to 133,000 jobs at the end of last year while overseas employment fell by 2,000 jobs to 152,000. The company moved some of its avionics business, which develops electronic systems that run airplanes, into a joint venture with a Chinese company that has its headquarters in Shanghai.

During one of Obama’s countless "jobs speeches," this one being to hawk his American Jobs Act, he expressed his desire to see more products branded with "Made in America." Of course, ironically, during the speech, none other than Jeffrey Immelt, the great American outsourcer, retained a chair right next to the President’s wife.

http://www.thenewamerican.com/usnews...ing-executives

I wonder who the jobs council is comprised of?

Obama's Jobs Council: A Look at Pay Packets of Group

President Obama's Council on Jobs and Competitiveness meets today in Pittsburgh, the third time the group of executives will gather. Sure to be on the agenda will be the country's stagnant labor market, but it's doubtful the council will discuss their own executive compensation, which runs well into the millions annually for many in the group.

The last time the jobs council met was June 13 in Durham, N.C. after which the panel presented 11 ideas to the president, including
promoting small business exports, graduating 10,000 more engineers in the U.S., and building workforce skills in advanced manufacturing.

The 27 members of the jobs council include current and former CEOs, academics and industry leaders, including AFL-CIO president Richard Trumka and United Food and Commercial Workers Union president Joseph Hansen.

The purpose of the president's jobs council is "to provide non-partisan advice to the president on continuing to strengthen the nation's economy and ensure the competitiveness of the United States and on ways to create jobs, opportunity, and prosperity for the American people."

Equilar, an executive compensation data firm," provided the salaries of 12 members of the council, publicly available in their most recent proxy statements, which are usually filed before an annual shareholders' meeting. Financial services not-for-profit TIAA-CREF voluntarily publishes the data for its CEO. The average compensation for 2010 of those 12 members of the council was about $11.2 million.

According to Equilar, the median total compensation for all S&P 500 CEOs was $9 million, an increase of 28.2 percent in 2010 compared with 2009, after two consecutive years of decline. Equilar found bonus payouts had the highest growth of all compensation components in 2010 from 2009. Median total bonus payouts for S&P 500 CEOs increased to $2.2 million in 2010, up 43.3 percent from the 2009.

About 85 percent of CEOs received an annual bonus payout in 2010, compared to 73.6 percent in 2009.

Equilar calculated their "perks/other" column from the company's proxy statement under the "all other compensation" category. All values including the stock and option awards are taken as disclosed by the company using their valuation method. But there is no guarantee that executives will actually realize the amounts listed for the equity awards, depending on stock price movements.

Other salaries of council members not in annual prospectus information but publicly available include that of Richard Trumka, president of AFL-CIO. His gross salary is $264,827 and benefits and compensation is $18,513 for a total of $283,340, according to the Labor Department. UFCW president Joseph Hansen has a gross salary of $309,283, official business of $31,641, other compensation of $11,834 for total compensation of $352,758.

Others not on Equilar's list include UBS CEO Robert Wolf and former Procter & Gamble CEO Alan G. Lafley. As director of General Electric, Lafley earned $50,000 in fees, $176,246 in stock awards and $56,200 in all other compensation for a total of $282,446 in 2010, according to Fortune.

Here are the salaries of 12 of the 27 members of the president's jobs council with publicly available prospectus information, according to Equilar:

1. Brian L. Roberts, CEO: $28.2 million Comcast (CMCSA), internet provider and cable operator
Base salary: $2,800,761 Cash bonus: $10,922,968 Perks/other: $3,205,767 Stock awards: $5,308,989 Option awards: $5,917,380
A spokesman for Comcast confirmed the salary figures and said the company has over 4,800 job openings.

2. Kenneth I. Chenault, CEO: $16.3 million American Express (AXP), financial services company
Base salary: $1,942,308 Cash bonus: $2,000,000 Perks/other: $1,095,647 Stock awards: $2,049,971 Option awards: $9,164,925
American Express did not immediately return a request for comment.

3. Paul S. Otellini, CEO: $15.5 million Intel (INTC), technology chip maker
Base salary: $1,000,000 Cash bonus: $6,820,400 Perks/other: $382,100 Stock awards: $6,236,800 Option awards: $1,082,200
Otellini's compensation according to Intel's 2010 proxy statement was $15,652,500.
Equilar did not include the change in pension value and non-qualified deferred compensation earnings figure. A spokesman for Equilar said the company does not typically include that figure because the executive will not see any value until they retire.
Intel says it plans to hire 4,000 people this year, mostly engineers in supporting R&D and manufacturing in Oregon, Arizona, California, New Mexico and Massachusetts, said a company spokeswoman.

4. Jeffrey R. Immelt, CEO: $15.1 million General Electric (GE), energy, technology, consumer products and financial services company
Base salary: $3,300,000 Cash bonus: $4,000,000 Perks/other: $389,809 Stock awards: -- Option awards: $7,400,000
A spokesman pointed out that since 2009, GE has announced the creation of 8,000 new U.S, jobs, 7,000 of which are industrial jobs and that GE will hire about 15,000 people in the country in 2011.

5. W. James McNerney Jr., CEO: $13.8 million Boeing (BA), defense and aerospace contractor
Base salary: $1,930,000 Cash bonus: $4,439,000 Perks/other: $798,392 Stock awards: $3,300,330 Option awards: $3,300,297
In January, Boeing announced 1,100 layoffs but had a spokesman said the company will have a net gain in U. S. jobs this year in Washington state and South Carolina.

6. Lewis Hay, III, CEO: $11.5 million NextEra Energy (NEE), clean energy company
Base salary: $1,293,500 Cash bonus: $2,328,300 Perks/other: $317,350 Stock awards: $6,666,532 Option awards: $892,894
NextEra did not return a request for comment.

7. Ellen J. Kullman, CEO: $11.3 million DuPont (DD), chemical company
Base salary: $1,300,000 Cash bonus: $2,846,000 Perks/other: $307,514 Stock awards: $4,701,135 Option awards: $2,166,667
In 2009, DuPont announced layoffs of about 2,000 jobs. A spokeswoman declined to comment.

8. Ursula M. Burns, CEO: $10.6 million Xerox (XRX), technology and document management company
Base salary: $1,050,000 Cash bonus: $1,693,125 Perks/other: $391,716 Stock awards: $7,500,009 Option awards: --
Xerox has laid off 4,500 employees in the first six months of 2011. A spokeswoman declined to comment.

9. Roger Ferguson, Jr., CEO: $8.6 million TIAA-CREF, financial service non-profit
Base salary: $1,000,000 Cash bonus: $7,439,916 Perks/other: $156,271 Stock awards: -- Option awards: --
A spokesman for TIAA-CREF said Ferguson's cash bonus is actually $4.75 million while the remainder of his compensation outside his $1 million base salary is a part of a "long term performance plan" similar to equity plans of publicly-held companies.

10. Antonio Perez, CEO: $3.5 million Eastman Kodak (EK), photography and imaging equipment company
Base salary: $1,096,168 Cash bonus: $341,000 Perks/other: $320,194 Stock awards: $1,701,290 Option awards: --
Christopher Veronda, spokesman for Kodak, said the company's "overall philosophy is to provide a compensation package that motivates and rewards desired performance and aligns the interests of our executives with that of our shareholders."
Kodak has cut global staff to 18,800 from a peak of 145,300 in 1988, and its headquarter jobs in Rochester, N.Y. to 7,100 from 60,400 in 1982, according to the Associated Press.

11. Gary C. Kelly, CEO: $3.3 million Southwest Airlines (LUV), airline
Base salary: $465,000 Cash bonus: $930,000 Perks/other: $112,668 Stock awards: $1,842,000 Option awards: --
Southwest has a 40 year history of avoiding layoffs and concessions, according to a company spokesman. Kelly has stated that the company does not plan to layoff workers through the company merger with AirTran.

12. Richard D. Parsons, board chairman and former CEO: $232,500 Citigroup (C), financial services
Base salary: -- Cash bonus: -- Perks/other: -- Stock awards: $232,500 Option awards: --
A Citigroup spokeswoman referred ABC News to the company proxy statement for executive salary figures.

http://news.yahoo.com/obamas-jobs-co...183418799.html

AFL-CIO's Trumka slams Obama's jobs council
By JOSH GERSTEIN | 1/18/12 12:24 PM EST

One union leader on President Obama’s jobs council drew attention Tuesday by abstaining from part of the panel's latest report, http://www.politico.com/politico44/2...il-111133.html but the panel’s only other labor leader is voicing even more profound disagreement with the committee’s stance on taxes, regulation and job creation.

AFL-CIO President Richard Trumka wasn’t at Tuesday’s meeting, but filed a stinging 1635-word dissent to the “Road Map to Renewal” adopted by the President’s Council on Jobs and Competitiveness. Trumka also charged that the 27-member panel Obama appointed, which is dominated by business and finance leaders, isn’t diverse enough to be making “balanced” policy proposals to the president.

“I disagree that reforming our regulatory system and reducing the statutory corporate tax rate are crucial elements of ‘competitiveness’ for the United States going forward, nor does empirical evidence support the claim that significant net new job creation would result from such ‘reforms.’ And I believe strongly that the Jobs Council’s membership is simply too narrowly representative of our country to provide a balanced set of recommendations to the President in these critical areas,” Trumka wrote in his dissent (available here http://images.politico.com/global/20...nt_011812.html ).

“It is clear from our work in all of these areas that without timely action by government on a large scale, solutions will continue to elude us as a nation,” Trumka wrote. “Unfortunately, I believe the report downplays the need for a proactive role for the U.S. government in many of these areas; fails to address the significant additional revenues needed to address the challenges identified on an appropriate scale; and in many cases erroneously identifies the root causes of the underlying structural problems.”

Trumka faulted the report and the council for omitting the “informed voices of environmental, consumer, women’s, civil rights, and community organizations.” He also used the language of the “Occupy” movement to frame what he views as the council’s fundamental problem .

“Our country has become dominated by the interests of the wealthiest 1% at the expense of the remaining 99%. It turns out that a country run in the interests of the wealthiest 1% systematically underinvests in public goods; systematically silences, disempowers, and underinvests in its workers; and in the end is less competitive and creates fewer jobs than a country that focuses on the interests of the 99%.”

The chairman of the Change-to-Win labor federation, Joe Hansen, was on hand for Tuesday’s meeting and said publicly that he abstained from the panel’s call for tax reform.

However, he did not lay out the litany of objections Trumka leveled in writing.

When Obama visited a council meeting Tuesday in the White House complex, he indicated he agreed with the panel’s latest report, at least in broad strokes. Republicans like House Speaker John Boehner have since described the report as an endorsement of the GOP’s jobs agenda and a repudiation of Obama’s approach.

A White House spokeswoman had no immediate comment on Trumka’s dissent.

http://www.politico.com/politico44/2...il-111295.html

Originally Posted by Jolie Rouge

Obama Too Busy To Meet With Jobs Council, White House Says
The Huffington Post | By Sabrina Siddiqui Posted: 07/18/2012

President Barack Obama has not met with his jobs council for six months because he has too much on his plate, White House press secretary Jay Carney said on Wednesday.

"There’s no specific reason, except the president has obviously got a lot on his plate," Carney said during the daily White House briefing. "But he continues to solicit and receive advice from numerous folks outside the administration about the economy about ideas that he can act on with Congress or administratively to help the economy grow and help create jobs."

The 26-member President's Council on Jobs and Competitiveness has not officially met since January, according to a Politico report. That article suggested that the group of business executives and CEOs might be reticent to appear with Obama as his reelection campaign heats up.

But Carney insisted that Obama remains in regular contact with panel members and actively taps their input for strategies that support job creation.

"The president solicits and receives input and advice from members of his jobs council and others about economic initiatives all the time," Carney said. "And I would point you to the numerous initiatives put forward by the jobs council that this administration, under the president’s direction, has taken action on, including a presidential memorandum in August of last year that selected 14 job-creating high-priority infrastructure projects for expedited review. Four of those are already under construction.”

The panel's lack of recent meetings was campaign fodder seized upon Wednesday by presumptive Republican presidential nominee Mitt Romney at a Bowling Green, Ohio, event, as he told the crowd that Obama hasn't made job creation a priority.

"In the last six months, he has held 100 fundraisers," Romney said. "And guess how many meetings he's had with his jobs council? None. Zero. Zero, in the last six months. So it makes it very clear where his priorities are. His priority is not creating jobs for you, his priority is trying to keep his own job and that's why he's going to lose it."

A sensitive topic for the jobs council might be outsourcing, which has become a prominent issue during the current election cycle. Though the Obama campaign has repeatedly attacked Romney over his outsourcing record at private equity firm Bain Capital, reports have pointed out that the president's jobs council includes representatives from several companies that engage in outsourcing.

http://www.huffingtonpost.com/2012/0...n_1684221.html

10 Largest Companies on Obama's Jobs Council Lost 91K Jobs
By SUSANNA KIM ~~ Oct. 12, 2011

Members of President Obama's jobs council convened on Tuesday in Pittsburgh, discussing ways to create jobs amid their own lukewarm record of job creation. An analysis by ABC News found that the 10 largest companies represented on the Council on Jobs and Competitiveness have lost some 91,206 jobs since January 2009.

The purpose of President Obama's Council on Jobs and Competitiveness is "to provide non-partisan advice to the president on continuing to strengthen the nation's economy and ensure the competitiveness of the United States and on ways to create jobs, opportunity, and prosperity for the American people."

The council's meeting came just as the president's $447 billion jobs bill was defeated in the Senate Tuesday.

On Monday evening, the jobs council submitted a report to the president called "Taking Action, Building Confidence," stating "there is no one "silver bullet" to create jobs." The group compiled "a series of targeted proposals that can meaningfully accelerate job creation while beginning to rebuild America's competitiveness," including investing aggressively in infrastructure and energy and targeting high-growth enterprises that create new jobs such as startups and small firms.

The jobs council said in its report that startups and small firms are "the key to U.S. job growth." For the past 30 years, high-growth enterprises less than five years old have created 40 million net new jobs, accounting for all the net new job creation in the country, according to the council. The 27 non-governmental executives, advocates and academics of the president's jobs council are leaders in their field though not all have directly "created" jobs. Many of them work for large corporations, which have jettisoned employees in the economic downturn that began in 2008 with the financial crisis.

But not all of them work at companies that are cutting jobs. Sheryl Sandberg, chief operating officer of Facebook since March 2008, could get high marks on her jobs report card. Facebook, based in Palo Alto, Calif., employs nearly 3,000 people and has grown headcount by 22 percent in the past six months. The company has grown 55 percent in the past year, according to a company spokeswoman.

John Doerr, venture capitalist of Kleiner Perkins Caufield & Byers in Menlo Park, Calif., could also potentially get high marks. When asked how many jobs the company's funds may have created, a spokeswoman said the VC-firm has invested in more than 50 companies since January 2009.

Steve Case, former CEO of AOL and CEO of investment firm Revolution LLC, also appears to be involved in job creation these days, though many analysts say his 2001 merger of AOL with Time Warner was a failure. Allyson Burns, spokeswoman for Revolution LLC, said the firm "has backed more than a dozen entrepreneurs who have created thousands of new jobs in the past two years alone."

Burlington Northern Santa Fe Railway, represented by CEO Matthew Rose on the jobs council, had 6,000 hires since 2010 and had a 5 percent increase in net new jobs since January 2009. John Ambler, spokesman for the company, said some of those jobs were due to attrition and replacing retired employees.

Permac Industries now has 38 employees, from 21 employees in 2009, according to CEO Darlene Miller, a member of the jobs council.

Stephen Bronars, chief economist with Welch Consulting, said large, successful companies can have the most difficulty adding jobs, especially in a tough economy. From January 2009 to December 2010 the U.S. economy lost about half a million jobs. The unemployment rate is 9.1 percent and has changed little since January.

"As a general point, big companies tend to not grow as much as smaller ones unless they acquire one. Once you're already big it's hard to grow," he said.

Bronars said the 10 largest companies represented on the jobs council have performed better than other companies in their industries. Data compiled from S&P Capital IQ and filings from the Securities and Exchange Commission show the largest 10 companies represented on the jobs council have lost about 91,206 employees or jobs since January 2009.

Here are the net jobs added from around January 2009 by the 10 largest companies -- by sales -- represented by executives on the jobs council, compiled by S&P Capital IQ.

1. General Electric (GE): -19,000 jobs

2010 Sales: $149.1 billion

Jeffrey Immelt, CEO

At the end of 2010, General Electric and its affiliates employed about 133,000 people in the U.S., down from 134,000 in 2009 and 152,000 in 2008, according to its annual filing with the Securities and Exchange Commission from Feb. 25.

But a company spokesman said the annual filing figures can be misleading without describing what companies GE may have sold. The sale of NBC-Universal to Comcast in early 2011, for example, will result in GE's employment for this year to appear flat compared to 2010. However, GE will hire about 15,000 people in the country in 2011, according to the spokesman.

In 2009, GE announced the creation of 8,000 new U.S, jobs, 7,000 of which are industrial jobs, the spokesman said.

Note: $50 billion of GE's revenue comes from Investments as opposed to Sales of Goods and Services.

2. Citigroup (C): -62,800 jobs

2010 Sales: $111.5 billion

Richard Parsons, board chairman

On December 31, 2010, Citi had approximately 260,000 full-time employees compared with approximately 265,300 full-time employees in December 31, 2009.

In December 31, 2008, Citi had approximately 322,800 full-time and 4,100 part-time employees.

3. Procter & Gamble (PG): -3,000 jobs (global)

2010 Sales: $78.9 billion

The company currently has 129,000 employees globally. According to the consumer products company's annual SEC filing from June 30, 2010, the company had 127,000 jobs. That figure is down from 132,000 in June 2009 and 135,000 in June 2008.

"Our enrollment fluctuates -- up and down -- based upon divestitures and acquisitions, new plants we're building around the world, and normal attrition," Christine Wever, Procter & Gamble Company spokeswoman, said. "P&G has maintained hiring during the economic downturn, and we will continue to recruit and hire at the right levels for our business each year."

Wever said that "for competitive reasons," the company does not specify employment numbers in the U.S., but she said Procter & Gamble has about 38,000 employees in North America.

4. Boeing (BA): -1,700 jobs

2010 Sales: $64.3 billion

W. James McNerney Jr., CEO

A spokesman said the company had a net gain of 8,850 American jobs nationwide this year and has just over 170,0000 employees, leading to a net gain in jobs since January 2009.

According to the company's SEC filings, the total workforce level on December 31, 2010 rose to 160,500 from 157,100 on December 31, 2009. Boeing's total workforce on December 31, 2008 was 162,200.

5. UBS Americas: -5,331 jobs

2010 Sales, UBS AG: $47.6 billion

Robert Wolf, CEO of UBS Americas

The company reported 22,031 U.S. employees on Dec. 31, 2010, down from 22,702 employees in Dec. 31, 2009. In Dec. 31, 2008, the company reported 27,362.

Capital IQ reported revenue for UBS AG, not UBS Americas. UBS Americas is not listed and does not report results.

6. Intel (INTC): +3,425 jobs

2010 Sales: $43.6 billion

Paul Otellini, CEO

A company spokeswoman reported there has been an increase of 12,600 in employee headcount from the end of 2008.

At the end of 2008, Intel had approximately 83,900 employees worldwide, with more than 50 percent, or 41,950, of them in the U.S. As of December 26, 2009, Intel had 79,800 employees worldwide, with 55 percent, or 43,890, of those employees located in the U.S. As of December 25, 2010, the company had 82,500 employees worldwide, with approximately 55 percent, or 45,375, of those employees located in the U.S.

As of the second quarter of 2011, the company had 96,500 total employees. However, this includes acquisitions and does not include the thousands of current construction jobs at Intel's Arizona and Oregon facilities, said the spokeswoman.

7. Comcast (CMCSA): +2,000 jobs

2010 Sales: $37.9 billion

Brian Roberts, CEO

As of December 31, 2010, Comcast had 102,000 employees, including part-time employees, up from around 101,000 employees, including part-time employees the previous year.

As of December 31, 2008, Comcast had 100,000 employees, including part-timers, according to its SEC filings.

A company spokesman said Comcast currently has 4,800 job openings.


8. DuPont (DD): +0 jobs

2010 Sales: $32.1 billion

Ellen Kullman, CEO

S&P Capital IQ reported 60,000 DuPont employees in 2010, up from 58,000 in 2009. DuPont had 60,000 jobs in 2008, according to S&P Capital IQ.

"Today, DuPont has more U.S. employees than it did in 2004," Tara Stewart, DuPont spokeswoman, said in an emailed statement to ABC News. "In fact, we've created about 1,000 jobs in U.S. as a result of capacity expansions and investments in Iowa, Ohio, North Carolina, South Carolina and Tennessee in 2011 alone. Year to date, our U.S. hiring is more than double this time last year. DuPont continues to hire in the U.S as we work to meet the growing demands for food, energy and protection here and around the world."

9. American Express (AXP): -5,000 jobs

2010 Sales: $30.2 billion

Kenneth Chenault, CEO

According to the company's annual SEC filing, American Express had 61,000 employees on December 31, 2010, up from about 58,300 employees on December 31, 2009. American Express had around 66,000 employees on December 31, 2008.

American Express did not immediately return a request for comment.

10. Xerox (XRX): +200 jobs

2010 Sales: $21.6 billion

Ursula Burns, CEO

Xerox' current U.S. employment is 75,400, as of the end of the second quarter of 2011. A company spokesman for Xerox said U.S. employment at the end of 2009 was 31,420.

The main source of the increase is Xerox's purchase of Affiliated Computer Services, which closed in Feb. 2010, skewing the company's employment numbers. ACS' headcount in 2009 was around 74,000, according to S&P Capital IQ.

Total US Xerox employment at end of the first quarter of 2010, the first quarter with ACS numbers included, was 75,200.

Bill McKee, a Xerox spokesman, said the company announced 3,000 new jobs, mostly for ACS call centers in over eight locations around the US.

According to Xerox's SEC filing, as of Dec. 31, 2010 the company had 136,500 direct employees.

During 2010 Xerox recorded $470 million of severance costs related to headcount reductions of about 9,000 employees, associated equally to North America and Europe, with approximately 20 percent related to the company's developing market countries.

http://abcnews.go.com/Business/10-la...ry?id=14714319

Mission Accomplished or Abandoned?


http://www.usnews.com/news/politics/...l-shutting-dow

Obama's Jobs Council Shutting Down Thursday
January 31, 2013 By JOSH LEDERMAN, Associated Press

WASHINGTON (AP) — President Barack Obama will let his jobs council expire this week without renewing its charter, winding down one source of input from the business community even as unemployment remains stubbornly high.


When Obama in January 2011 formed his Council on Jobs and Competitiveness, unemployment was hovering above 9 percent. Two years president later, more than 12 million people in the U.S. are out of work. The unemployment rate has improved to 7.8 percent, but both parties agree that's still too high.

A provision in Obama's executive order establishing the council says it sunsets on Thursday. A White House official said the president does not plan to extend it.

Officials said the president always intended for the council to fulfill its mission and then wind down, and said that Obama would continue to actively engage and seek input from business leaders about ways to accelerate job-creation and economic growth. Among the steps Obama plans to pursue are expedited permits for infrastructure projects, the White House said.

Even before it was clear whether Obama would renew the jobs council, Republicans seized on its likely expiration as evidence the president has devoted insufficient attention to creating jobs, which polling shows remains a top priority for Americans. The Republican National Committee dubbed it part of "the failed Obama record," while the House Republicans' campaign committee, in an online petition, accused Obama of laying off his own jobs council.

Adding to the concern about the job market's continued vulnerability, the Commerce Department said Wednesday that the U.S. economy shrank at an annual rate of 0.1 percent from October through December of last year, the first quarterly drop since 2009.

The jobs council was a successor to another economic advisory board Obama created at the onset of his presidency. The panel was chaired by General Electric CEO Jeff Immelt and was comprised of prominent business leaders and economists.

Obama met with the council only a handful of times. During the last meeting, in February 2012, the president and the council highlighted an engineering education initiative alongside school deans.

The jobs council's main work product was report released in January 2012, entitled "Roadmap to Renewal." The council also organized a series of "listening and action" meetings across the country last year with business owners, local elected officials and academics, although Obama didn't attend those sessions.

Critics have argued that the council's primary purpose was to create the appearance of action at a time when the nation was pining for something — anything — to rein in soaring joblessness. The administration acted on many of the council's recommendations, including suggestions for streamlining the permitting process. But the White House was at odds with several council members on tax policies, particularly a proposal to exclude overseas corporate earnings from U.S. taxes. That idea divided even the jobs council, whose membership included labor and Obama's political allies.

The council's dissolution also comes as White House aides are optimistic about the prospects for a second-term detente with the business community, which bristled during Obama's first term at his harsh depiction of "fat-cat bankers" and his efforts to impose regulations, tax policies and spending initiatives they argued were unfriendly to business. Obama aides hope the softening of the relationship between the president and the business world can benefit the White House in future fiscal debates with Republicans.

White House officials said the president made a fresh effort to reach out to business in the days following his re-election. Between the November election and the end of 2012, in the height of negotiations to avert the so-called fiscal cliff, more than 400 business leaders, ranging from CEOs of large multinational companies to small business owners, met with Obama or his aides at the White House, officials said.

comments

Mission Accomplished! Obama kept his job...isn't that all he was concerned about?

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Yep, reelected and mission accomplished! Unfortunately, he is now ready for government to really get to work "fixing" our economy. Every government program to "fix' our economy brings at least two new unintended consequences worse than the "fixed" problem. Every unintended consequence then requires a new government program to "fix" it and so on.... to where we have monster of a federal government.

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He can't do his job - let alone find work for the millions that have none, but he'll allow illegals into America and present them with everything possible for their vote

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Oh, and don't forget the UNDERemployed. That combined with unemployment is the true indicator of the health...or lack thereof of our economy. The people who love this dicatator-king-stalin can't see that people with masters working at starbucks is a bad thing.

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Oh good glad that is taken care of. Everyone must have a job now.On to more important things like... Oh wait the unemployment rate is worse then it was 4 years ago.

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U6 is 15% or more. The commodities price index shows that everything the sheeple need is way more expensive. And if you look at the underemployed, I would say 1 in 5 are disaffected or unemployed, easily.

But the liars in MSM lie about inflation and unemployment.