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• President Obama, despite his love of government spending, is making an attempt to drift toward the political center since his party got battered in last November’s election, a pragmatic approach yet one some doubted the president would be able to do given his philosophy. His latest appeal to the middle came with his naming of General Electric chairman and CEO Jeff Immelt as chairman of Obama’s outside panel of economic advisers. Immelt will give the administration an establishment figure that will signal more openness to business.

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