CEOs To Meet With Obama On Job Creation

THE PRESIDENT: Good morning, everybody. Before departing for Asia this morning, Id like to make a brief statement about the economy.

Over the past 10 months, weve taken a number of bold steps to break the back of this recession. Weve worked to stabilize the financial system, revive lending to small businesses and families, and prevent responsible homeowners from losing their homes. And through the Recovery Act, weve cut taxes for middle class families, extended and increased unemployment insurance, and created and saved more than a million jobs.

As a result, the economy is now growing again for the first time in more than a year -- and faster than at any time in the past two years. But even though weve slowed the loss of jobs -- and todays report on the continued decline in unemployment claims is a hopeful sign -- the economic growth that weve seen has not yet led to the job growth that we desperately need. As Ive said from the start of this crisis, hiring often takes time to catch up to economic growth. And given the magnitude of the economic turmoil that weve experienced, employers are reluctant to hire.

Small businesses and large firms are demanding more of their employees, their increasing their hours, and adding temporary workers -- but these companies have not yet been willing to take the steps necessary to hire again. Meanwhile, millions of Americans -- our friends, our neighbors, our family members -- are desperately searching for jobs. This is one of the great challenges that remains in our economy -- a challenge that my administration is absolutely determined to meet.

We all know that there are limits to what government can and should do, even during such difficult times. But we have an obligation to consider every additional, responsible step that we can [take] to encourage and accelerate job creation in this country. And thats why, in December, well be holding a forum at the White House on jobs and economic growth. Well gather CEOs and small business owners, economists ...

Category:

News & Politics

Tags:

• Economy
• Unemployment
• Jobs
• Obama
• Economic
• Growth

[WeAreGeo]

WTF planet is he living on?....inquiring minds want to know...

[shniebly16]

Obama you took the jobs from us.. don't act like the hero.

You are in charge of the loss of jobs in America.

[TheCashistrash]

Im sorry mr. obama but your full of shit. you need to start to give incentives for companies staying in america and providing good jobs to americans. We need to also stop trade with countries that don't follow trade rules and treat people inhumanely such as china. Yes I understand we are gonna have to eat the bullet since china is a major creditor. What I recommend is a new era of protectionism. Made in america consumed in america. place tarrifs on all imports.

[baysideful]

Mr. President,

in all due respect! it is almost too late!

feed america! now! the hell with everything ...u are in charge of your taxpayers ....let's go!

where will u let starving people go...die on the streets?????

NO...sooner! stop thinking...start doing ...like the great depression..they had food vouchers....everone who needed them...feed and house your voters!

the long term is not bright..americans are tired!

end the war...save billions daily and take care of

us!