On Thursday the White House hosted a Jobs and Economic Growth Forum to help President Obama take “every responsible step to accelerate job creation.” Job losses are at their worst since the 1930s and the national unemployment rate has climbed steadily since President Obama took office (currently they are hovering at around 10 percent), despite unprecedented levels of government spending. The Democratic administration is finally asking for help, requesting innovative ideas for putting millions of Americans back to work. But will they heed the advice given by the business community — by those who know how to create jobs?
Invited to the summit were more than 100 CEOs, academics, small business and union leaders and local officials. Reportedly in attendance were the liberal economists credited with shaping the $787 billion stimulus package, as well as union leaders, environmental advocates and executives from Google and other blue-chip firms. Not invited to the event were the U.S. Chamber of Commerce and the National Federation of Independent Business — two of the country’s largest representatives of small business (both of which have been critical of the President’s health care overhaul).
The president addressed the group, then the guests separated into break-out sessions to brainstorm with administration officials. The president was looking for ideas that could be implemented immediately, as well as ideas that could be worked into upcoming legislation. Several times the president mentioned his penchant for green jobs, and for “moving forward on an aggressive agenda for energy efficiency and weatherization” as a prime candidate for quick action. He extolled this idea, comparing it to his ’successful’ Cash for Clunkers program.
House Speaker Nancy Pelosi told reporters that Congress will tap unused funds from last year’s $700 billion Wall Street bailout to pay for new spending on roads and bridges and save the jobs of firefighters, teachers and other public employees. She did not mention a price tag for her plan.
Former House Speaker Newt Gingrich held a rival jobs forum in Ohio, calling the Ohio meeting the “real jobs summit” and criticizing the White House forum as “political theater.”
“As the administration actively promotes job-killing health care, energy, and big labor legislation, millions of Americans struggling to find work won’t be fooled by the political theater of a ‘jobs summit,’” reads promotional material from Gingrich’s ‘American Solutions’ web site.
At Gingrich’s conservative forum, business leaders proposed taking concrete action for the economy through measures such as a two-year, 50 percent cut in payroll taxes; a reduction in America’s business tax rate (reportedly the second highest in the world); and complete abolition of capital gains and estate taxes.
David Taylor, a leader of the Pennsylvania Manufacturers’ Association, highlighted a theme pervasive among business leaders when he said, “The government does not create wealth. The government does not create jobs. The government’s role is to allow the energy and the initiative of the American people to emerge in the marketplace. That’s where wealth is created. That’s where jobs come from.”
The White House announced that its job summit will be followed by nationwide community job forums that will run from November 30th through December 13th. The White House Blog states that “These discussions, among neighbors, co-workers and friends, will be a source of insights and ideas that will inform the President’s approach to job creation. Through WhiteHouse.gov, hosts can upload the results of their discussions. Back here at the White House, we’ll compile the feedback into a report that will be sent to the Oval Office for review.” They will even email you “discussion questions and other materials to make your event as productive as possible” (in case you want a list of their ideas).
But you’d better act fast. On Tuesday, President Obama is scheduled to give a speech presenting some of the ideas he’d like to see Capitol Hill implement in order to create jobs. Let’s hope his ideas will avoid political agendas and burdensome mandates; let’s hope his ideas are prudent ones that will help put Americans back to work.