In speeches in Kansas City, Mo., and Las Vegas this week, Mr. Obama will point out that Recovery Act spending aimed at leveraging private capital is just now flowing into the economy, administration officials say.
On Thursday, Mr. Obama will continue the administration's summer-long effort to promote the impact of the Recovery Act during a speech at an electric-vehicle plant in Kansas City, Mo., that received a $32 million stimulus grant to build electric trucks. In Las Vegas on Friday, he will talk about renewable energy and leveraging private capital to spur jobs in that sector and others, a White House official said.
White House economic adviser Jared Bernstein told reporters Wednesday that Recovery Act spending has "clearly not yet provided the American middle class with the full spate of opportunities they deserve…We've got to do more, a lot more, to build on the momentum we achieved thus far."
That's one reason why the administration is trying to persuade business leaders to unlock private capital. Last month, the White House budget office asked the Business Roundtable, which includes leaders of the biggest U.S. multinationals, to identify government barriers to growth.
The group, many of whose members have advised the White House on economic policy, came up with a laundry list of regulatory complaints. In unveiling its report, Verizon CEO Ivan Seidenberg had harsh words for what Roundtable members say is the president's slow action on trade and other growth measures.
On Wednesday, Mr. Obama named Mr. Seidenberg to his export council.
Thursday, July 8, 2010
Obama Shifts to Export-Led Jobs Push - WSJ.com
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