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| Economy |
| Obama "open to any idea" to get economy growing faster |
| 2010-11-06 |
(KUNA) -- Reacting to the news on Friday that the U.S. unemployment rate remained stuck at 9.6 percent last month even though the private sector added 159,000 jobs in October, President Barack B.O.Obama said he was "open to any idea" to get the U.S. economy growing faster. "Based on today's jobs report, we have now seen private-sector job growth for 10 straight months," Obama said in remarks from the White House. "That means that since January, the private sector has added 1.1 million jobs." However, The infamous However... "that is not good enough," he added. "We are in the middle of a tough fight to get our economy growing faster so that businesses across our country can open and expand, so that people can find good jobs, and so that we can repair the terrible damage that was done by the worst recession in our lifetimes," he said. U.S. businesses added more than a hundred thousand jobs in August and September, "so we have now seen four months of private-sector job growth above a hundred thousand, which is the first time we have seen this kind of increase in over four years," the President noted. But the United States needs to accelerate economic growth "so that we are producing jobs at a faster pace, because the fact is an encouraging jobs report does not make a difference if you are still one of the millions of people who are looking for work, and I will not be satisfied until everybody who is looking for a job can find one," he said. Obama said actions to take could include tax breaks for small businesses, such as "deferring taxes on new equipment so that they have got an incentive to expand and hire, as well as tax cuts to make it cheaper for entrepreneurs to start companies." This includes building new infrastructure, from high-speed trains to high-speed Internet, so that the U.S. economy can run faster and smarter, he said. "It includes promoting research and innovation, and creating incentives in growth sectors like the clean-energy economy, and it certainly includes keeping tax rates low for middle-class families, and extending unemployment benefits to help those hardest hit by the downturn, while generating more demand in the economy," he added. Another key to creating jobs is to open markets to American goods made by American workers, the President said. "Our prosperity depends not just on consuming things, but also on being the maker of things," he said. "In fact, for every 1 billion dollars we increase in exports, thousands of jobs are supported here at home, and that is why I have set a goal of doubling America's exports over the next five years." Obama, who will depart on Friday for India, said he plans while there to discuss opening up additional markets in places such as India so that American businesses can sell more products abroad in order to create more jobs at home. The most important competition Americans face is the competition with countries around the world to lead the global economy, "and our success or failure in this race will depend on whether we can come together as a nation," he said. "Our future depends on putting politics aside to solve problems, to worry about the next generation instead of the next election." "We cannot spend the next two years mired in gridlock," he added. "Other countries, like China, are not standing still, so we cannot stand still either. We have got to move forward." The President said he was "looking very much forward to helping to pry some markets open, help American businesses and put people back to work here at home during the course of this trip." |
| Posted by:Fred |
| #12 Repeal all health care laws, account for TARP money, and make a statement that the gov will not bailout failed businesses again. No I'm not being hacky...businesses do not want to spend because they do not know their future expenses and do not want to chance hiring a bunch of people and be responsible for their health care expenses. Where did the money go? Are we now indentured servants living on Chinese property? Pay off that debt. By propping up the banks and autos, failure was rewarded. The autos were not able to declare bankruptcy and renegotiate with their unions. There are many fine banks out there who were going to flourish but were struck down with the saving of the failed banks and then doubled up upon with new FDIC regulations. Disintegrate Freddy/Fannie. So yes, hit the reset button or your parlance call a mulligan. |
| Posted by: swksvolFF 2010-11-06 21:01 |
| #11 lotp, remember the Agnew gambit. You ditch the VP first on some questionable family business, allow them to nominate someone who has to pass the Congressional OK with 'bi-partisan' support, then the resignation. The game's been played before. |
| Posted by: Procopius2k 2010-11-06 20:20 |
| #10 He said he is open to any idea and is willing to compromise. Except on tax cuts. |
| Posted by: Deacon Blues 2010-11-06 19:57 |
| #9 Two words against resignation: President Biden |
| Posted by: lotp 2010-11-06 19:52 |
| #8 Is resignation an option? |
| Posted by: JohnQC 2010-11-06 14:36 |
| #7 Ask Joe Biden to step down as VP, then appoint Sarah Palin as his replacement. Then resign. Sounds easy. |
| Posted by: Anonymoose 2010-11-06 10:52 |
| #6 Canadian Howard Galganov, "I told you so - I did. OBAMA WILL PROBABLY NOT FINISH HIS 4-YEAR TERM, at least not in a conventional way." Klik here. |
| Posted by: Besoeker 2010-11-06 10:05 |
| #5 Any idea? Really? Start HERE. |
| Posted by: newc 2010-11-06 09:50 |
| #4 Obama "open to any idea" to get economy growing faster If he went on unemployment that might help. |
| Posted by: gorb 2010-11-06 05:48 |
| #3 As long as Bambi is president, gridlock sounds like a great idea ... |
| Posted by: Steve White 2010-11-06 01:29 |
| #2 Open to any idea to get economy moving faster |
| Posted by: Anguper Hupomosing9418 2010-11-06 01:19 |
| #1 Obama "open to any idea" to get economy growing faster Now we know what kind of "transparency" Obean was referring to when he was campaigning for office. |
| Posted by: gorb 2010-11-06 00:37 |