Secretary Clinton Hosts President's Council on Jobs and Competitiveness

Posted by DipNote Bloggers
October 7, 2011

Secretary of State Hillary Rodham Clinton hosted a meeting of the President's Council on Jobs and Competitiveness to discuss the critical importance of further strengthening foreign direct investment in the United States at the Department of State on Friday, October 7, 2011. Secretary Clinton was joined by Acting Secretary of Commerce Rebecca Blank, Under Secretary of State for Economic Affairs Robert Hormats, GE Chairman Jeff Immelt, CEO of Kodak Antonio Perez, UBS Investment Bank President Robert Wolf, as well as business leaders and stakeholders.

Overseas investment in the United States creates and supports millions of good paying jobs, contributes to economic growth, boosts productivity, and support American communities. In June, President Obama signed an executive order creating SelectUSA -- the first-ever government-wide initiative to attract and retain U.S. business investment. Addressing foreign direct investment during today's meeting, Secretary Clinton said:

"I am delighted to welcome all of you here today and particularly to thank you for participating in the President's Jobs Council work. I know that the Department of Commerce and other of our domestic agencies are fully engaged and focused, but I also know from the preliminary work that the Jobs Council has already done and the conversations that I've had with some of you, that we understand that growth at home depends on focus over our economic engagements with the rest of the world.

"The three trade agreements that the President just sent to the Congress is a clear sign of our commitment to lead on economic issues, and I urge Congress to quickly pass them. There may have been some who wondered why would the Jobs Council meet at the State Department, and there are a number of answers to that. Billions of dollars in trade and investment cross our borders every single day, 95 percent of the world's consumers live outside of the United States, so I think you'd find little argument that we have a significant but untapped potential for job creation and economic growth that comes with attracting foreign investment to the United States to put Americans to work.

"But to capitalize on that potential we have to have frank and open discussions among ourselves, and particularly with those of you who operate globally who make strategic investments every single day. We need to show not only that we are open for business, but to use every tool in our toolbox to attract it."

You can read the Secretary's full remarks here, and learn more about the event here.

Comments

Comments

Zharkov
|
United States
October 7, 2011

Zharkov in the U.S.A. writes:

Your ancestors didn't come to America to live like paupers. They did not seek to have their savings destroyed and their wealth redistributed to bankers in Europe, to governments in Africa, or the Middle East.

They didn't come here to be lied to, cheated, and robbed by socialist programs and Marxist politicians. Most of them left Europe behind because they were disgusted by all of that.

The present economic collapse did not happen because of a lack of investment cash from foreigners, but is a result of a lack of interest in further domestic investment by our major corporations.

America could survive even that - if small business was free to pick up the slack and grow larger, but Congress won't allow it. They legislate to prevent success.

The lack of jobs is a structural failure by government in over-taxing, over-regulating, and over-control of the private sector that is getting worse with each day Congress remains in session.

There is no money solution that can be imposed. It's not a currency printing problem. It's not a rich guy problem. It isn't China's fault. Our government did this to us.

It's a government-meddling problem when government, not the market, decides through taxes and regulations who shall be the winners and losers in an economy.

Our government leaders have legislated that third world economies shall be the winners, not America, and until that legislation is abolished, America's economic disaster will continue.

Republicans are as bad as democrats - they've both had control of Congress and the White House in the recent past and did nothing to help. Nearly every new law enacted in the past 20 years has made running a business in America more difficult, more expensive, and more dangerous.

From little things like outlawing light bulbs, to big things like wire tapping everyone and unfunded mandates on small businesses, the legislative and executive branches have created a hostile business environment for everyone. Some blame UN Agenda 21 for all of this, but it took our government to implement this disaster.

Because of this kind of government, inventors don't dare e-mail their lawyers about patent applications; corporate executives don't talk business over the telephone. They ship their ideas to China, Malaysia, or India for production. The federal government has ruined America. It will take more than a speech to undo the damage.

America was once the world's largest tax haven. It was a place where people got rich if they tried. That is why America grew into a superpower. The essence of liberty is freedom from government control. People could invent the cotton gin, the automobile, the assembly line, the airplane, without the expense of lawyers to ensure regulatory compliance. The business of America was business, not regime change. America once led by example and China followed that example, which is why China is doing so well today.

Limited government meant an unlimited private sector free to build, create, and develop new ideas into products for everyone. It's right there in the US Constitution - limitations on government, Article 1, Section 8. It's the best agenda for economic recovery.

Just read it.

Tap
|
District Of Columbia, USA
December 30, 2011

Tap in Washington, D.C. writes:

It is easy to become extremely pessimistic about our economic outlook. As a young person about to enter the workforce, it is not an appealing idea to pour thousands and thousands of hard earned money into a system that is deteriorating right under us. The upcoming generation will face many problems, daunting problems. It is undeniable that if our current economic state is not improved, there are serious problems that will come up in the next 10 to 20 years.

I do not believe the American dream is dead. I believe it is very much alive. Is our government out of control yes? But who let it get that way? The American people. It is my hope and really the only hope for this country, that the crisis we face will wake people up and force them to pay attention. One of the key problems with our government is that it does not fear the people it works for. Our government has been bought, and that's Republicans and Democrats.

Yes, our government needs a wake up call and needs to take a serious look at how they represent their constituents. But, if we, as their constituents, are not placing the pressure of "Look out for our interest or we will vote you out", what motivation do lawmakers have to pledge their allegiance to their constituents (especially their non voting constituents) and not their campaign contributors?

It can be argued that this line of thinking is the cause of the type of voting we are currently seeing. If the public is unhappy with the current state of affairs they switch to the other party. Passing the hot potato of blame between Republicans and Democrats year to year. That is not what I am proposing or encouraging. To fix the problems of our government we need the American people to not only exercise their right to vote, but be intelligent and informed voters. Rome was not built in a day and these problems won't be fixed in that time frame either. But having a bleak and pessimistic outlook on our future doesn't help anyone, particularly those who will be paying for these choices (literally) in the future.

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