Obama Promises More Action on Jobs Front; GOP Pans Upcoming Summit

Posted November 26, 2009 at 5:00am

President Barack Obama used his weekly address on Thursday to urge patience with the pace of the economic recovery and to stress that his administration was working hard to ensure that better times are on the horizon.Obama began his Thanksgiving day address by thanking the men and women in the U.S. military for their service. But he quickly delved into how his administration’s domestic initiatives — such as an economic stimulus package and the health care reform bills currently under consideration in Congress — would help ease the financial strain that many Americans have felt as a result of the ailing economy.“The investments we have made and tough steps we have taken have helped break the back of the recession, and now our economy is finally growing again,— Obama said. “But as I said when I took office, job recovery from this crisis would not come easily or quickly.—Over the past few months, Obama has watched his poll numbers drop steadily as the unemployment rate has risen.And he acknowledged that new jobs were not being created quickly enough to replace the ones that were already gone, even though the rate of job losses has “slowed dramatically— since earlier this year.In order to help fast-track the process of lowering the unemployment rate, Obama said he will convene a jobs summit on Dec. 3. During the summit, he will meet with executives from large and small businesses as well as labor and nonprofit leaders to discuss additional steps that would spur job creation.“We cannot rest — and my administration will not rest — until we have revived this economy and rebuilt it stronger than before; until we are creating jobs and opportunities for middle-class families; until we have moved beyond the cycles of boom and bust — of reckless risk and speculation — that led us to so much crisis and pain these past few years,— Obama said.But in the Republican weekly radio address, GOP Conference Chairman Mike Pence (Ind.) predicted Obama’s job summit would produce “another proposal to grow government, raise taxes and place more debt on the shoulders of our children and grandchildren.—“The American people know we can’t borrow, spend and bail our way back to a growing economy,— Pence said. “The Obama administration and the Democrat majority in Congress have taken our economy from bad to worse with their failed economic agenda and big government plans.—