Obama to meet with CEOs in Blair House session
December 11th, 2010
05:33 PM ET
11 years ago

Obama to meet with CEOs in Blair House session

Washington (CNN) –In an effort to "drill down" on the best way to accelerate job creation, the White House says President Obama will meet with business leaders at the Blair House Wednesday as part of a strategy session.

"The biggest challenge we face moving forward is not competition between Democrats and Republicans, but in making sure we are preparing the next generation to compete globally," said White House Deputy Communications Director Jen Psaki.

"The working session is an opportunity for the President to continue building strong partnerships in the business community toward that goal," she said.

About 20 CEOs are expected to take part in the session, and a senior administration official said the president will meet with them from "morning into lunch."

Going into the session, the White House is touting progress it believes the administration has made with the business community and highlighting the South Korea trade deal, among other things.

The senior administration official said the Wednesday session will focus on export promotion, investments in clean energy technology, and tackling the federal deficit.

"Working together, we can give businesses important regulatory certainty and predictability, while providing protection for the American people," the official said.


Filed under: President Obama
soundoff (17 Responses)
  1. keepstuffingthis

    Got a great idea, criminalize the NEA, SEIU and AFSCME. It would end the 50% of the theft of public funds in the country.

    December 11, 2010 06:09 pm at 6:09 pm |
  2. Byron

    Most important thing is to prepare the next generation to compete globally??? The administration if off their rocker. What about jobs for the current generations so there's a future for the next generation. Geez, the next generation, sounds like Star Trek.

    December 11, 2010 06:15 pm at 6:15 pm |
  3. Jim R

    Why is he wasting his time. The only response he will get is "cut taxes."

    December 11, 2010 06:18 pm at 6:18 pm |
  4. D. Bunker

    Sadly, while corporate leaders often spout lines about "innovation" usually they are referring to innovative ways to rip up the country and its poor and middle class.

    December 11, 2010 06:58 pm at 6:58 pm |
  5. Annie, Atlanta

    You would think the CEOs would be hosting him, seeing as how he wants to give them those extra tax bonuses.

    December 11, 2010 07:08 pm at 7:08 pm |
  6. Four and The Door

    Hopefully these are not all Fortune 500 CEO's. It's small business that can create the greatest number of jobs quickly...jobs that can have a significant impact on the unemployment rate. Many of the Fortune 500 CEO's have much of their focus on shareholders and stock prices. In any event, it is good for Obama to get some feedback from the private sector as opposed to other politicians.

    December 11, 2010 07:35 pm at 7:35 pm |
  7. Lynn

    They still don't get it. The business leaders don't have any reason to start hiring again. The employees today are running scared and working 10-18 hrs a day, but don't dare complain. The companies are rolling in the profits with less employees, less overhead equates to more profits. It's a win-win for big business and the elephant in the room no media reporter dare address, for fear of losing their jobs.

    December 11, 2010 07:56 pm at 7:56 pm |
  8. Liz

    we have not prepared to compete on a global level at all, with one exception: war.
    it's going to be a problem soon that we are not intelligent enough to compete with china or
    other emerging countries, because our focus has been on "terrorism".
    and, maybe that is the point of all these terrorist threats – to take our economic edge away.

    December 11, 2010 09:03 pm at 9:03 pm |
  9. Steve (the real one)

    isn't the best way to have a CEO create jobs is to have the government step aside?

    December 11, 2010 09:16 pm at 9:16 pm |
  10. Scott Wolf

    Jobs,schmobs.What a bunch of nonsense.The West-not just the United States-outsourced all of its mfg jobs to third world,cheap foreign labor markets.The only preparations needed for the next generation of Americans is to prepare to work for free.Companies will continue to outsource jobs,international banksters will continue to perpetrate the fraudulent derivitive schemes of fiat currencies around the world,the standard of living will continue to be crushed from Seattle to Stockholm,debt will continue to threaten democracy and personal freedom,and free market capitalism will be obliterated.
    The people of the United States have no clue about the coming global currency collapse.While they are distracted with LeBron James,"Dancing with the Stars", and Lindsey Lohan,a nefarious plot is afoot that will destroy the dollar,what's left of our consumption based economy, and the world as we know it.It's deliberate and won't be fixed.We have maybe another decade.The only way to prepare for this inevitability is to buy gold and silver,period!

    December 11, 2010 09:27 pm at 9:27 pm |
  11. J.V.Hodgson

    This is hopefully a meaningful session, but the American economy like many other developed nations economies grows when consumers spend and these guys need to come up with how to create jobs realistically.The biggest bang for buck while creating new employment are infrastructure projects ( especially road and rail ( latter should be Maglev) not current HST technology, American size demands Maglev speeds to be valuable/useful, and is cleaner than jets.
    America really needs a gasoline tax and clean energy tax on coal and other heating oils to pay for above. The economy will recover quicker, it will also help house prices stabilise and reduce mortgage defaults.
    Regards,
    Hodgson.

    December 11, 2010 11:15 pm at 11:15 pm |
  12. valwayne

    Isn't this an old picture by now. 9.8% UNEMPLOYMENT, which Obama and the Democrats ignored or made worse with the extreme left wing ideology and agenda, and now they want to be seen meeting with business leaders to make it look like they are doing something. Everyone knows that Obama hates the business community, that all he wants is to impose more taxes and the rest of his left wing agenda on them. We can hope that a Republican House able to block the worst Obama wants to do will restore confidence to business. This meeting certainly won't!

    December 12, 2010 12:00 am at 12:00 am |
  13. modeldon

    He is walking to the meeting prepared to sign the unconditional surrender documents.

    Whether is is mining;finance;oil or whatever these companies and CEO's have jerked his and America's chain incessantly. Now for the formal surrender.

    December 12, 2010 01:31 am at 1:31 am |
  14. Henry Miller, Libertarian

    "The best way to accelerate job creation" is to get government off the backs of those who create jobs and off the backs of American consumers so they can afford the goods and services provided by the people working at those jobs.

    "Export promotion" is fine, but the sum total of US exports isn't even close to being on the same level as domestic demand–if Americans can afford to buy things. "Investments in clean energy technology" are cool too, but at best they're a long-term thing, and only if the principal objective is to get us off foreign oil.

    December 12, 2010 02:59 am at 2:59 am |
  15. Ken Young

    Why should I add any overhead if I can get by with less workers? After all We are not in charity biz.

    Force China to raise its current average wage from $1.30/hr to at least 1/2 of US minimum wage will reduce our jobless rate to 6% or below.

    Mr. BO, you are the one should work harder & smarter & stop asking CEOs to sacrifice!

    December 12, 2010 04:45 am at 4:45 am |
  16. LMajito

    unless these talks center around getting some real negotiatiors and re-negotiate these so called free-trade agreements into fair-trade types, these will be nothing more than a waste of time...us needs manufacturing here not in china. us needs its own high teck workers to work here not imports (via h1b scam) and no outsourcing...great deal with korea? we get tens of thousands of korean made vehicles sold here but gm/ford can't sell their ware there? what kind of crap is that? likewise in china...we get all of their cheap garbage ladden with poison and lead but us can open markets there???

    December 12, 2010 07:47 am at 7:47 am |
  17. Clyde

    Oh puke. What that arrogant idiot will come up with is policy that will favor corporate big wigs and do very little for the guy on the street.

    December 12, 2010 08:02 am at 8:02 am |