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Obama Struggles to Create Jobs

Service : Economy
TEHRAN, June 13 (ICANA) – President Barack Obama says Washington's current preoccupation with the deficit and debt is really all about job creation, as he sought to assure the public that whatever abstract debate they're hearing, he's focused on their top economic concern heading into his re-election campaign.
Monday, June 13, 2011 10:49:42 PM
Obama Struggles to Create Jobs

Meeting with a group of business leaders Monday in politically important North Carolina on the day of the first major GOP presidential debate, Obama heard concerns about everything from difficulty getting small business loans to regulatory burdens on airlines. He pledged to do everything he could to help businesses as his administration aims to breathe life into the faltering economic recovery.

At the same time, as Washington faces an Aug. 2 deadline to raise the government's borrowing limit or go into unprecedented default, Obama tried to make real for people what's at stake. He argued for smart decisions on what to cut and how - sending a message to Republicans who say they won't agree to raise the debt limit unless Obama and Democrats agree to enormous spending cuts and no tax increases at all. Forbes

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