Washington (CNN) - President Barack Obama on Thursday announced a new initiative led by the top executives of major U.S. corporations that seeks to improve education in science, technology, engineering and math.
The nonprofit initiative, called Change the Equation, involves 100 chief executive officers and has $5 million in funding for its first year of operation, according to information provided by the White House.
"These are actually the kinds of things that 10 years from now, 20 years from now, we're going to look back and say it really made a difference," Obama said.
The initiative was founded by former astronaut Sally Ride, former Intel Chairman Craig Barrett, Xerox CEO Ursula Burns, Time Warner Cable CEO Glenn Britt, and Eastman Kodak CEO Antonio Perez, with support from the Bill and Melinda Gates Foundation and the Carnegie Corporation of New York, according to the White House statement.
So much for the Republican's bogus claim that Obama is anti-business.
Announce, announce and announce: two months before the election the president remember to do things! Fooled me once already!
Excellent news Mr. President!! we can't bury our heads in the sand forever while frankly knowing that, we are loosing our competitive advantage faster than a shinkansen!. We can't keep on singing the same hymns of past glory!!
Oh my! Is he in league with those evil corporate CEOs now? Or maybe he is coming to his senses.
Are these are the very same dastardly ceos of the terrible large evil corporations that robin hood wants to take all the money from and redistribute it to the poor? Hark, do I smell a whiff of a forked tongue here?
No doubt we should do the best at trying to make our education the best in the world.However, the things Obama are saying have been said for 40 years now and our schools continue to get worse.Publc education is just a method to dumb down our children and most of the people in power have enough money to send their children to private schools.
Hey, just give the funding to the CBC and let them manage it! ALL their friends and relatives guarentee'd a college education and it won't cost them a cent!
What kids are going to benift from this Odumbo???? The school's of your choice like you did in the health care bill. what a piece of crap.
WOW!!! What a President. President Obama has been fighting with one hand tied behind his back by the GOP Tea Party of NO. And he is still getting things done. If the Tea Party get in power they want to shut the government down! That's nuts! Government doesn't have to be small or big, just smart. Get out there and fight like he11Democrats!!!
Those Corporate CEO's need to weigh in on creation of jobs, not an education initiative.
No one needs an education, if they can't use it to find work!
Hold the phone! According to liberals, Big corporations belong to the GOP. What's this now? Hate corporations but don't mind the money? A Little hypocritical now, eh liberals?
Trying to agree on the gay messages to teach in schools?
Wait, I thought Obama was a socialist?
If anything, one of Obama's weaknesses is that he is far too cozy with Wall Street and has too much faith in these "titans of industry."
These are the same people that ran the economy into a ditch, I'm not sure I want them "indoctrinating" our children, to use the word conservatives love to use when talking about Obama.
The idea that Obama wants to tear down capitalism is a joke to anyone who has been paying attention to his actual words and deeds.
Great idea. Public Education needs all the support it can get. It's very encouraging to see Corporate America volunteering to help out Obama in his effort to improve our struggling schools.
Right on, Mr. President – despite the pathetic individuals in your way!
Why is Obama speaking about education when one half of the country is appearing to want dumb. If the Repubs win in November, we will not have to worry about spending money on education, just send the kids off to some place where jibberish is taught.
I didnt think Obama liked the Private Sector????? Sorry Obama you have been exposed for the Fraud that you are!!!!
What our education system needs is higher standards and a longer school year. Dump the attitude that everyone must succeed and feel good about themselves. When you teach to mediocrity you get mediocrity.
This guy is really one big "banana head." One moment he crucifies CEOs. The next, he's kissing their butt. He is not doing this out of the goodness of his heart. He is well aware that for him and his lapdogs to stay in power, he needs all the support he can muster, including support from the Republicans!
However, most Americans have become wise to his smoke and mirrors stile.
Hypocrisy sure knows no bounds.
Why don't we ever hear about these great initiatives by the media and pundits. Whose to blame for all the division in this country and the Tea Party craze....the MEDIA & PUNDITS and CNN you are right in there. Bet you didn't talk about this on your TV programs. It's no wonder the people think Obama isn't doing anything....nothing gets broadcasts!!
This country is really pathetic.
More socialist mind control from Barry.
The Party of No will still accuse Obama of too much spending even though it is corporate funding! Just another reason why I hate republicans!
this really sounds like a great idea just wondering when will the education benefits for vets be improved
Education reform would be great, unfortunately it will become entangled with the NEA, which has ruined our system and turns out a steady stream of idiots that join the Democrat liberal party. They cannot think for themselves so they have to join corrupt unions and they in turn tell them to vote for corrupt, inept, incompetent presidents like we have and he in turn gives the union executives billions of dollars to spend on more corruption.