Jul 15, 2010
Obama recruits Clinton for Economic agenda
In a news story issues by Reuters today, President Barack Obama was reported to be enlisting some extra help with boosting the confidence of business leaders in his administration. The person now joining President Obama in a White House meeting today was none other than former President Bill Clinton, who was president during an economic boom. The president was also said to have spoken to Warren Buffet for advice on how to increase growth and encourage job creation.
This was after the US Chamber of Commerce, which is an influential business group criticised the Obama administration’s economic agenda and forgetting to put a priority on generating jobs and hindering business growth by introducing more regulations and tax policies.
With this year being an election year, the Democrats are increasingly being on the defensive when it comes to policies that Republicans are painting as anti-business. This is probably one of Obama’s steps to bring back confidence in the Democrats’ economic policies and convince business leaders that this is a bitter pill that must be taken in order to keep the economy afloat in the long term.
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