- Mall aboard: Future requires evolution at West Park Mall (3/24/17)17
- Legal discrimination complaint, ethics complaint filed in Scott City government (3/22/17)13
- Business notebook: Cape native goes from farm to mobile-food operation (3/20/17)1
- Former Scott City administrator: 'I was forced to resign' (3/21/17)6
- Former Southeast softball coach sues Board of Regents; seeks damages and her job back (3/23/17)14
- Triplett manslaughter case set for July 2018 (3/21/17)2
- Two people found dead in Advance house fire (3/21/17)
- Two local lawmakers back charter school bill; Perryville lawmaker objects to measure (3/19/17)24
- Two Cape men charged with second-degree murder of Grandi (3/21/17)2
- Lawmakers put prevailing wage in crosshairs; laborers object (2/12/17)10
At forum, Obama solicits ideas to stop job losses
WASHINGTON -- President Barack Obama kicked off a White House jobs forum on Thursday by saying he's "open to every demonstrably good idea" to reverse the worst job losses in the U.S. in decades. But Obama said the government's resources are limited and that growth ultimately must come from the private sector.
"So we can't make any ill-considered decisions right now even with the best of intentions," he said. "We have to be surgical, and we're going to have to be creative." Obama appealed to his audience of academics, business and union leaders and local officials to help him find "the biggest bang for the buck."
Obama said chronic unemployment is "a struggle that cuts deep and touches people across the nation."
He claimed progress has been made toward an economic recovery since the depths of the recession last winter, while saying much more work needs to be done.
Obama said the leading question of the day is "how do we get businesses to start hiring again" and asked his guests to "bring their A-game."
He spoke a day ahead of the release of government figures on unemployment. The jobless rate now is 10.2 percent, the highest since the early 1980s, and most economists believe today's report will show it still above 10 percent, perhaps still rising.
Earlier, the leader of the House of Representatives, Speaker Nancy Pelosi, a Democrat, suggested that one way to create jobs is to use leftover money from the Wall Street bailout to pay for new spending on roads and bridges and save the jobs of firefighters, teachers and other public employees.
Republicans staged their own jobs forum across town, inviting a team of mostly conservative economists to a round-table discussion.
"I don't think there is a moment to lose. I think we have to move aggressively toward policies that actually promote jobs. And so far what's been tried hasn't worked very well," said Lawrence Lindsey, a top economic adviser early in the administration of President George W. Bush.
The president acknowledged there was considerable skepticism about government's ability to overcome the employment challenge and even over whether "any discussion like this can produce results."