On Thursday the President called together a team of business and labor leaders to focus on job creation. He apparently also asked the attendees for their opinions about the current state of the economy. I do love collaborative thinking, let’s hope this was actually productive.
"We want to remove any barriers and impediments that are there, but at the same time we want to put a challenge to America's businesses, to take other steps that have been sitting on the shelf for quite some time," Obama said. "We want to make sure we're putting a little pressure on you guys ... so we make sure the economy is working for everybody."
The council replaces the president's former economic advisory team, which had been led by former Fed chair Paul Volcker.
he new jobs council is headed by General Electric Co (GE, Fortune 500). chief executive Jeffrey Immelt and includes a variety of executives, including AOL co-founder Steve Case (AOL) and Intel (INTC, Fortune 500) CEO Paul Otellini.
During the hour-long discussion, executives talked about what they saw as important building blocks to job creation, including an improved education system, better tax policy and less burdensome regulatory changes.