(CNN) – President Obama called on business leaders Thursday to help the administration kickstart hiring as policymakers contend with rising unemployment that’s weighing down the economy.
Some 130 executives, economists, small business owners and non-profit officials are gathering 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.
"I'm not interested in taking a wait and see approach when it comes to creating jobs," Obama said.
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.
Just how much Washington can do to boost hiring remains to be seen.
Millions of people have lost their jobs and their health insurance in the last two or so years, including some in my family. Because of schooling and job training, a lot of these people have ability and talent in a specific direction. It is almost impossible to find another job in your field and even being willing to try in another direction doesn't present many job openings. One thing that is unbelievably disgusting is outsourcing. I called for service at one company and got Manila. I called a bank this morning and got India. These are jobs that are desperately needed right here in the USA.Enough already...let's bring those jobs home.NOW!
Great to hear, focus on helping the American people for a change. We have been ignored for 8 years. The wars have costs us dearly. Glad to hear Dems are working on new regulation and reform on credit card co. , next health costs. Do whats right, and go it alone, the GOP had complete control for 6 years and did nothing for the people, except give the tax cuts to rich............
Washington's answer to job growth. samo old samo...TAX AND SPEND.....Washington does a great job of Standing in the Way of Job Growth....you can see the "tremendous impact" they have had to date right? NOTHING has improved. We still have one of the highest Unemployment Rates EVER! So Much for CHANGE?! Thats' all people have left today is CHANGE... can it get worse?
George in Rochester
The secret service is not doing their job – they're going to let harm come to our president.
The guilty ones should be fired immediately!
How about a new New Deal?
The biggest obstacle to President Obama's plans is the Republican Party and all of its followers, who have stated that they want the President and our country to fail.
Republicans are putting Party before Country in their efforts, and they don't care that millions of Americans are out of work and suffering.
All they want is to regain political control, so they can continue the destruction of our country by selling us all down the river.
The GOP's long-term goal is to turn the United States into a third-world country, where the wealth is held by 2% of the population, there's no Middle Class, and the rest of us live in poverty.
They want to limit opportunity and education to only those with money – and have religious police keep the uneducated, fearful masses in line.
This is not paranoia; it is a logical conclusion based on the GOP's economic, military and social policies of the last 30 years.
People have already forgotten that the economic meltdown happened on Bush watch – also both wars – also the 911 attacks.
American's are just plain stupid....and so is the media for taking sides with the republicans and "helping" people forget that Bush is the bad man.
His corporate sponsors are creating jobs. They're just being created overseas though.
The GOP makes me sick – they have stated they want our President and our country to fail. And they have done and will continue to do everything in their power to achieve their goal.
Only the ignorant and naive continue to believe the GOP's idiotic, hate-filled, fear-mongering rhetoric.
Americans are a lot smarter than they think, and I hope come 2010 the GOP has their fannies handed to them!
Stay out of the way and stop spending on the liberal agenda. Jobs will come back on their own after the 2010 elections. Once the country is heading down the right path, confidence will come back. Who would have thought that the Change We Could Believe In, was going to be pocket change. One termer, for sure.
So what have you done in the last year Barry except lobby for health care, fund raise, campaign for fellow Democrats (who all lost), and make international trips that accomplished nothing? The stimulus failed, and you've donme nothing.
The only way to make this work is through small businesses–give a tax break, lay off the health care garbage, and encourage them to grow. The large companies are not going to bring back the jobs. it's too expensive and the unions will suck them dry. I saw a piece from a local news network about the rv industry in IL and how they are hiring some people back. The disturbing part was watching employees run on the job from rv to rv to get their work done–they are paid by the piece not the day or hour. That's just wrong no wonder most of the rv's are made crappy and have poor workmanship.
More rhetoric. The guy does not have a clue. The only solution he can think is to throw more money at the problem. If he is half as smart as the news media has represented he would know by now that is not the answer.
Gathering a group of people that cater to him is no way to get fresh ideas. Try listening to some that disagree with him. Could be that they could help.
What, Odumbo's stimulas plan didn't work, DUH, what a great team odumbo has put together and with out a thought Odumbo signed our kids future away.
What do you wanna bet that when those people walked out of that meeting they were laughing their butts off at him. Go out and hire more people he told them, sure they will. what a waste of a day. What a waste of a president.
He has no idea what he is doing, or maybe he does, maybe he is out to destroy America. Either way he is doing a great job at it.
Good job, are you sure you don’t want to wait another year or so. I would hate to see you concentrate on real time issues. If you wait a little longer the economy will fix itself and you can blame it on something you did.
Remove Obama and let him be his community organizer. The president job is too much for him.
Should have done this when the unemployment rates began to skyrocket long ago! Too little, too late....
Jobs will return when the Obama is gone.
Liberials think that you can tax people into Prosperity.
The last time President Obama meet with some of America's largest companies CEO's we lost over 10 million jobs. A large number of those CEO's including Coty immediately started shipping/outsourcing jobs to India, Chez Republic and Mexico.
I am sick of talks, rewrite the tax codes, bring the jobs back home, even if you have to penalize the CEO's (companies). Americans are no longer listening to what government says, we are activily watching what you do...A big difference.. We are not longer fat n happy, we are broke n angry. Do your job, get the jobs back or realize that your own job willbe limited.
He's noticed that there's a jobs problem?