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Economics Discuss Obama to hold jobs forum in December at the Political Forums; Obama to hold jobs forum in December The President announces White House will convene a meeting of business leaders, economists ...

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Old 11-12-2009, 12:50 PM
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Default Obama to hold jobs forum in December

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Obama to hold jobs forum in December

The President announces White House will convene a meeting of business leaders, economists and labor representatives to brainstorm about job creation.

By Jeanne Sahadi, CNNMoney.com senior writer

Last Updated: November 12, 2009: 10:37 AM ET

NEW YORK (CNNMoney.com) -- President Obama, facing a 10.2% unemployment rate, said Thursday he would hold a jobs forum at the White House in December.

He noted the encouraging signs of economic growth and a slowing of the loss of jobs in recent months, but said employers are still reluctant to hire and millions are desperate to find work.

"Even though we've slowed the loss of jobs -- and today's report on the continued decline in unemployment claims is a hopeful sign -- the economic growth that we've seen has not yet led to the job growth that we desperately need," the President said in a statement delivered at the White House.

"We all know that there are limits to what government can and should do, even during such difficult times. But we have an obligation to consider every additional responsible step that we can to encourage and accelerate job creation in this country," he added.

Those invited to the forum will include CEOs, small business owners, economists, financial experts, and representatives from labor and non-profits.

The forum will be held against a background of highly mixed economic news.

On the bright side: the GDP grew 3.5% in the third quarter. But there are concerns that growth may not be sustainable, given that housing and jobs haven't showed signs of recovery.

Some economists have been arguing for another round of stimulus to ward off sliding into another recession.

Not everyone is convinced. And politically, the prospects for passing a single stimulus package with a big price tag are not high. Instead the administration and Congress are looking for smaller initiatives that can be taken both by the government and the private sector.

One idea that has been floated to spur job creation is a hiring credit, whereby employers would get a tax break for every new worker hired. But many economists and tax experts say it's a flawed concept since it would end up disproportionately rewarding employers that were planning to hire anyway.

So far lawmakers have extended and expanded some measures from the original $787 billion stimulus package passed in February -- specifically, federal unemployment benefits, the homebuyer credit, and big tax break for businesses looking to write off more of their losses.

This article was found at: Obama to hold jobs forum in December - Nov. 12, 2009
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Old 11-12-2009, 12:57 PM
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Default Re: Obama to hold jobs forum in December

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Should have been done in February. No more government spending. Cut taxes, both corporate and personal income.

This ain't rocket science.
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Old 11-12-2009, 01:34 PM
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Default Re: Obama to hold jobs forum in December

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Should have been done in February. No more government spending. Cut taxes, both corporate and personal income.

This ain't rocket science.
Agreed.... And would add raise corporate taxes for ALL compaines that have gone overseas to 50% or help them (with the money already spent unwisely)
to bring their businesses back to America.
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Old 11-12-2009, 02:02 PM
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Default Re: Obama to hold jobs forum in December

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with health care looming over employers like a knife to the throat no one wants to hire new employees. Most company's need to know what their cost is from year to year and they can't make that determination while they are uncertain about the cost of government gouging with health care. Until this is cleared up and until company's know what cap-n-trade is going to cost I don't see many employers hiring.
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Old 11-12-2009, 02:22 PM
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Default Re: Obama to hold jobs forum in December

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Originally Posted by MrLiberty View Post
with health care looming over employers like a knife to the throat no one wants to hire new employees. Most company's need to know what their cost is from year to year and they can't make that determination while they are uncertain about the cost of government gouging with health care. Until this is cleared up and until company's know what cap-n-trade is going to cost I don't see many employers hiring.
That's an excellent point...
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Old 11-13-2009, 11:27 AM
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Default Re: Obama to hold jobs forum in December

The only problem is these events cost money we don't have. This and the possible new stimulus plan, etc., etc.
Maybe so many citizen can be fooled but others can't and we will pay the price of borrowing more $$$$$....
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Old 11-13-2009, 12:39 PM
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Default Re: Obama to hold jobs forum in December

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Originally Posted by hussein View Post
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He should invite Republicans who have been touting new trade agreements.
And consider eliminating capitol gains tax.
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Old 11-13-2009, 12:50 PM
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Default Re: Obama to hold jobs forum in December

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Originally Posted by MrLiberty View Post
with health care looming over employers like a knife to the throat no one wants to hire new employees. Most company's need to know what their cost is from year to year and they can't make that determination while they are uncertain about the cost of government gouging with health care. Until this is cleared up and until company's know what cap-n-trade is going to cost I don't see many employers hiring.
A hardware store or a restaurant wants customers to come in and spend money. Semi conductor corporations have laid off-one here closed down. Why?
Same with a lot of other companies.
The cars and the housing kept us afloat but we had already quit making a lot of products here. When the last boom busted we saw there was no real economy except farms, grocers and warehouses.
We need to MAKE something that produces income. Something people want very badly or need to buy.
Services are good, but they cannot sustain a people who don't actually produce a hard product.
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