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Immelt was appointed to head the President's Council on Jobs and Competitiveness in January 2011. A review of blogs following the appointment by Harshaw of the New York Times showed skepticism considering the role GE is playing in transfer of jobs and technology to China, negligible corporate taxes paid by GE, GE's need for bailout funds of $16 billion for its finance unit, and the lack a position for removal of distortions in trade practiced by other trading partners including China.
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