Obama urges 'bold innovative action' to create jobs

Nov 2nd, 2009 - Los Angeles Times

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Reporting from Washington - President Obama today called for "bold innovative action" by government and business to reverse continued job losses as he convened a meeting of his economic advisory board to discuss possible strategies.

"We all know that in every economic recovery there is going to be a lag between the economy growing again, businesses investing again, and businesses hiring again," Obama told the President's Economic Recovery Advisory Board. But given the severity of the job losses, he said, the country needs "some bold, innovative action on our part and on Congress' part and on the private sector's part."

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