December 2nd, 2009
03:50 PM ET
10 months ago

White House summit seeks ideas on creating jobs

White House is set to hold a jobs summit Thursday.
White House is set to hold a jobs summit Thursday.

NEW YORK (CNNMoney.com) - With rising unemployment stymying the president's economic revival plans, the Obama administration is huddling with business leaders, academics and other experts Thursday to find a way to jumpstart hiring.

Some 130 people will gather for the afternoon jobs summit at the White House on the eve of the government's November unemployment report. The nation is expected to have lost another 114,000 jobs, with unemployment remaining at 10.2%, the highest in 26 years, according to an economists' survey.

The employment picture is certainly grim. Nearly 16 million Americans are out of work, one-third of whom have been unemployed for more than six months. There are now six workers competing for every job vacancy.

President Obama and some lawmakers are searching for a way to stem this unrelenting loss of jobs, which is casting doubt on effectiveness of many of his economic programs, from his $787 billion stimulus plan to his $75 billion foreclosure prevention initiative.

"We are going to be bringing together people from all across the country ... to explore how we can jumpstart the hiring that typically lags behind economic growth, but we don't want to wait," Obama said last week.

Full story


Filed under: Economy • Obama administration • President Obama
soundoff (28 Responses)
  1. MARK

    Don't seek anything from Republicans.....they'll have NO answers.

    December 2, 2009 03:52 pm at 3:52 pm |
  2. Bren

    The Democrats are going to get clobbered in 2010-–this is based on NUMEROUS national polls.

    EVERYTHING that the majority in the country have said that they do NOT want-–health care disaster, cap and tax energy bill, terrorists brought to the US for civil court on US soil instead of military court, closing of Gitmo, amnesty for illegals---the Democrats continue to try to shove down our throats anyways!!

    And, on top of this-–a 10.2% unemployment rate!!!

    Based on numerous recent polls-–the Independents plan on voting for the Republicans in 2010 by 52% to 30%--you do NOT win elections without the Independents!!!

    It is going to be funny watching the pro-Obama main stream media with the shock/puzzled look on their faces after the 2010 elections--when MANY Democrats are sent to the unemployment lines!!!

    The 2010 elections are going to be like Christmas for me!!

    December 2, 2009 03:58 pm at 3:58 pm |
  3. New Era

    Here's an idea. Stop spending our US$$ on these bogus wars and redirecting that money into new industries, educations and put money back into the states.

    Obama can't please everyone but he must do the right thing! The people of America comes first. Yes help the Iraq's or Argans, but Americans first.

    Where are Obama's promises

    December 2, 2009 03:59 pm at 3:59 pm |
  4. BobAbrams

    Wait, didn't he do this before he passed his stimulus bill? That didn't work. This guy blows. REDO

    December 2, 2009 04:01 pm at 4:01 pm |
  5. Kane Jeeves

    1 year Mortgage Holiday will help average Americans.

    December 2, 2009 04:03 pm at 4:03 pm |
  6. unhappy democrap

    how about telling Goldman Suchs CEO to not accept his multi million bonus and hire Americans!!!

    December 2, 2009 04:05 pm at 4:05 pm |
  7. Mark

    Anna Burger of Change to Win, who is invited to attend the forum, is secretary treasurer of Service Employees International Union Committee on Political Education, or SEIU COPE, a political action committee that gave $29,442,016 to Obama between February 2008 and September 2009. Burger gave Obama $750 in personal contributions.

    American Federation of Teachers president Randi Weingarten will also be at the summit. The AFT, along with the AFL-CIO Committee on Political Education, gave Obama $1,997,375 in October 2008. And the United Food & Commercial Workers International Union, which donated $673,309 to Obama from February to October 2008, will also be represented at the forum.

    December 2, 2009 04:08 pm at 4:08 pm |
  8. Mark, Bradenton,FL

    Ha ha ha, Obama has not created ONE single job, not one. He lost millions. How can we create jobs when everything has been outsourced, it is too late. It is just too late we are ruined.

    December 2, 2009 04:09 pm at 4:09 pm |
  9. Randy L.

    Here's a novel idea.....raise the tariffs back to levels that it would not be beneficial for companies to be based out of the U.S. Bring our jobs back.

    I don't think our current administration ,or any, has the intestinal fortitude to do that, though.

    December 2, 2009 04:12 pm at 4:12 pm |
  10. SocialismBad

    OK, here's how you turn things around... First, Obama resigns and then all the Democrats in Congress resign. The economy recovers in months.

    OK, they won't do that so here's the second alternative. Obama and the Democrats STOP doing EVERYTHING they are doing. Stop the nutty healthcare takeover, cap and tax, new taxes, pork barrel projects, etc. They then cut some spending and stop demonizing all businesses and business people. The economy recovers in months.

    OK, they won't do that either. Next step is they CUT TAXES on small businesses and people who actaully PAY taxes in this country (small minority!). This has worked time and time again. But they refuse to do this because it is what the Republicans want.

    So the bottom line is another ridiculous staged event that will DO NOTHING but COST MORE JOBS. There is no hope until 2010 when the Democrats can be thrown out. I hope everybody can survive until then! Not quite the "Hope and Change" you voted for, is it??!!

    December 2, 2009 04:18 pm at 4:18 pm |
  11. Aspen Professor

    How much of that $787 billion stimulus plan and the $75 billion foreclosure prevention initiative has already been spent? The latest number I have seen was less than 20% of the money.

    It is about time to crank up the spending and aim it spcifically at jobs creation. That is something every American will understqandd the need for. But - No unneeded spending that does not create jobs.

    It is NOT up to the President to pin-point that spending, it up to the Congress to draft the plan. The President either signs the Bill or he will veto it.

    December 2, 2009 04:19 pm at 4:19 pm |
  12. Tony

    Now is the the time for all the nay sayers who are against everything Obama does, to come forward with some ideas to help. Any takers?

    December 2, 2009 04:22 pm at 4:22 pm |
  13. Sniffit

    are the polls lookin bad or something???? what ever happened to it took a long time to get here and it will take a long time to get out?

    here is one idea i would love to submit to create jobs............

    congress and this administration need to resign

    there, problem solved

    December 2, 2009 04:27 pm at 4:27 pm |
  14. Marie in California

    Want to create jobs? Start with cutting taxes on those who provide the jobs so they can afford to stay in business and hire help. Lots of places are going out of business, everything from dairy farmers to restaurants to small local entrepreneurs to medium size companies. I personally know of some of each.

    You can train lots of people to be "butcher, baker, or candlestick maker" or anything else, for that matter.....but, if there is no one to hire them, they'll stay unemployed.

    Seems the only job market that is growing these days is the federal government.......and government is always something that eats up money without producing anything but red tape.

    But no one listens to me. I'm just another over-taxed and over-regulated American, but thankful to be employed.

    December 2, 2009 04:29 pm at 4:29 pm |
  15. Greg Bjugstad

    The only way to get jobs is to repeal NAFTA and require companies that left to either bring the jobs back or get out of America entirely. It's clear the Obama administration doesn't really want to create jobs since they are delibertately trying to take America down. We need fair trade not free trade. We need all illegal imigrants deported and the borders closed. Globalism is no good for America. We need to take care of and fix America first. That's called Nationalism. Those who don't care about America may go to any socialist country they want...if they can get across the border

    December 2, 2009 04:29 pm at 4:29 pm |
  16. Vic of New York

    This is a tough issue for everyone.

    While I don't envy our President, I'm sure grateful he's at the helm instead of that dynamic duo: "Brain-dead and Psychopath" that got us in this mess in the first place.

    That said, when I was out of work for 1.5 years, the most damaging PERMANENT effect on me was the damage to my heart that happened because I couldn't afford the healthcare and stopped taking medications. So, I'm in the camp that says – Health Care MUST happen at any cost.

    December 2, 2009 04:30 pm at 4:30 pm |
  17. chubby

    Another waste of time summit which is designed to give the impression nobama is trying but if he wanted to create jobs, he would cut his spending and give tax breaks to the job creators and not acorn.

    December 2, 2009 04:33 pm at 4:33 pm |
  18. Seth

    Jobs are more important to the people than health reform. get the people real jobs, not these part-time, seasonal jobs, that will end when your tenure does.

    December 2, 2009 04:39 pm at 4:39 pm |
  19. Mike in MN

    Obama and his staff are clueless on how to create jobs in private sector. Almost all the jobs created or saved by stimulus are government jobs. And most of the few private sector jobs were part time summer jobs that have already gone away. For example the city of New York city claimed 23,000 jobs created or saved with stimulus money. But an angry deputy mayor of New York city said that only 300 were full time jobs that paid a living wage. The White House questionare forced them to include 12,000 student part time summer jobs that lasted a few weeks and paid minimum wage along with other part time jobs.
    The Obama stimulus jobs created or saved numbers are a joke.
    You create jobs by putting money into the private sector or letting the private sector keep more of the money earned in wages or business profits by cutting taxes. But Obama can't stand the thought of that.

    December 2, 2009 04:54 pm at 4:54 pm |
  20. S M R

    I say the ultra Rich start businesses and put People to work to stimulate our economy. Corporate America needs to step up to the plate and make an honest living for once

    December 2, 2009 05:04 pm at 5:04 pm |
  21. S M R

    Tell Corporate America to bring the outsourced jobs back home!!!

    December 2, 2009 05:06 pm at 5:06 pm |
  22. Hammerer

    At least Obama is admitting that he has no idea on creating jobs. He should try that in other areas and save his self more embarassment.

    December 2, 2009 05:08 pm at 5:08 pm |
  23. They call me "tater salad"

    I would gladly take a job over a Government hand out any day!!!

    December 2, 2009 05:09 pm at 5:09 pm |
  24. kman821

    Let the GOP be the first to give their recommendation ... NO!

    December 2, 2009 05:09 pm at 5:09 pm |
  25. Rickster

    Wait a minute.........didn't this clown of a president just spend almost one trillion dollars to create "immediate impact, shovel-ready" jobs?

    And now he's asking if anybody else has any ideas? Here's an idea, Barry...........why don't you resign from office since you have failed at absolutely everything you have done so far.

    December 2, 2009 05:19 pm at 5:19 pm |
1 2