President Obama Hosts Job Summit

Bowling Green punches in as one of the most unemployment-ridden cities in America.

A comprehensive article released by USA Today claims Bowling Green ranks in the top half of the highest unemployment percentage in the country reaching 10.5%.

The cry for help isn't isolated, in fact today the White House held a job summit inviting folks from many walks of life to brainstorm ideas to get Americans working again.

John Hendren reported on the latest progress made towards economic recovery in America.

The White House jobs summit is focused on answering one question: How do we get businesses to start hiring again?

With 15.7 million Americans out of work, the jobless rate stands at 10.2%.

A main goal of the gathering of business executives, finance experts, economists, small business owners and labor leaders is to help the cash- starved small businesses that create two-thirds of the nation's jobs.

Google CEO Eric Schmidt says that problem can be solved with a few incentives and a few regulatory changes.

"I think fairly quickly. It's a strong thing the government can do right now, that will actually cause jobs to be created very, very quickly."

Skeptical republicans gathered for a rival where are the jobs roundtable.

"You know as a former small businessman myself, I know what it takes to meet a payroll. And I can tell you that the policy is being proposed by this administration and the democrat allies here in congress are causing employers to sit on their hands," said Minority Leader John Boehner.

It's a criticism the president faced head on.

"I assure you, there is extraordinary skepticism that any discussions like this can actually produce results. I'm well aware of that. I don't mind skepticism. If I listened to the skeptics, I wouldn't be here, but I am confident that we'll make progress," said President Obama.

The latest verdict on the economy will come Friday, when the government reports jobless numbers for November.

Many economists predict that level will hold at about 10%, no longer sliding, but still at a 26-year high.


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