It's Still the Economy, Stupid
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Yesterday's White House jobs summit was good PR, but what's the Obama Administration doing to get the economy rolling again? We hear from a senior White House advisor and others. Also, a better than expected jobs report, and a California utility company says it can generate solar energy from an orbiting satellite by 2016.
Banner image: Egypt Star Bakery in Allentown, Pennsylvania
Jobs Report Better than Expected ()
After yesterday's job summit, President Obama went to a community college in Allentown, Pennsylvania today, where he announced unexpected good news, that job losses were 115,000 fewer than had been forecast. The unemployment rate fell from 10.2% last month to 10% this month. Kevin Hall is national economics correspondent for the McClatchy Newspapers.
It's Still the Economy, Stupid ()
The day after his White House job summit, President Obama got unexpected good news today, a modest decline in the rate of unemployment. But it's still 10% and that means trouble for millions of Americans and for Democrats running for office this year. Can the government afford another stimulus package? Should it focus on those sectors of the economy that promise new jobs, or does future prosperity depend on another investment bubble and should the government just get out of the way?
- Jared Bernstein: Economic Policy Advisor, Vice-President Joe Biden, @econjared
- Eric Janszen: Founder and President, iTulip
- Nick Schulz: Fellow, American Enterprise Institute
- Kai Wright: Senior Writer, TheRoot.com
Going Where No Man Has Gone Before for Renewable Energy ()
The idea of getting energy from solar collectors in space has been around for a long time, but now the California Public Utilities Commission has given the green light to launch a real project as soon as 2016. It'll cost billions, but Pacific Gas & Electric claims there's no risk to current customers. Todd Woody covers technology and the environment for the New York Times and other publications.
- Todd Woody: environmental journalist
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