President Barack Obama Speaks during a Meeting of the President’s Council on Jobs and Competitiveness in Pittsburgh, Pennsylvania

U.S. President Obama speaks at a meeting of the President’s Council on Jobs and Competitiveness next to council chairman, General Electric CEO Immelt in Pittsburgh

U.S. President Barack Obama (R) speaks at a meeting of the President’s Council on Jobs and Competitiveness next to council chairman, General Electric CEO Jeffrey Immelt (L) at the International Brotherhood Of Electrical Workers Local Union #5 Training Center in Pittsburgh, Pennsylvania October 11, 2011. REUTERS/Jonathan Ernst (UNITED STATES – Tags: POLITICS BUSINESS EMPLOYMENT)

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