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Bill Gunderson @billgunderson is the CEO and Chief Market Strategist of Gunderson Capital Managment in San Diego, CA. He is also a professional money manager, former research analyst, author of Best Stocks Now, and developer of the Best Stocks Now smartphone app. He offers four free weeks to his... More
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  • President's job creators really job losers. by Bill Gunderson 3 comments
    May 26, 2011 1:05 PM | about stocks: AZO, PCLN, PNRA, GE, C, EKDKQ.PK, INTC
    The President's Job's Commission
    by Bill Gunderson
    Gunderson Capital
    Investment Advisor
    www.PWstreet.com


    You might think the people on the President Obama’s job’s commission would know how to create jobs.

    Especially the CEO's.

    Not true. 

    They are job losers. Not job creators.

    Here are just a six companies whose CEO’s are advising the president on how to create jobs:

    GE: “At the end of 2000, GE employed 313,000 people, including 168,000 in the U.S. (54%). By the start of 2010, when the company filed its most recent annual report, GE had 304,000 workers, including 134,000 in the U.S. (44%).” (Barron’s.)

    In 2006, Intel employed 104,000. Today, 82,500.

    Today, Eastman Kodak employes 18,800 employees, down 20 percent from 2009. 

    Citigroup of course, received hundreds of billions in bailouts.

    And let’s not forget the two CEO’s responsible for what many say is the biggest business disaster in American corporate history, Steve Case, former CEO of AOL, and Steve Parsons, former CEO of Time Warner, both commission members.

    And these are the people advising the president on how to create jobs? 

    Their stock prices are just as bad.

     There are lots of people out there running companies creating jobs and making money: Here are a few: Autozone. Priceline. Tractor Supply. Panera Bread.  And lots more.

    But not one on the commission.
    Stocks: AZO, PCLN, PNRA, GE, C, EKDKQ.PK, INTC
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  •  
    It still makes sense to have job-losers on that board as they may answer the question as to what needs to be done to keep the jobs.
    4 Jun 2011, 04:22 PM Reply Like
  •  
    You just take their recommendations and then do the opposite.
    5 Jun 2011, 03:17 PM Reply Like
  •  
    If cutting taxes created jobs, where are the jobs? We have been cutting taxes for 30 years. In fact Obama has been following mostly the Republican game plan, maybe that's why he has been unsuccessful.
    18 Sep 2011, 09:35 PM Reply Like
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