As President Obama called on Congress today to adopt his “balanced” planon entitlement cuts, tax increases and war savings to reduce the federal deficit. Former President Bill Clinton sat down with Maria Bartiromo today to discuss jobs, global economies ahead of his annual Clinton Global Initiative Meeting in New York.
Heads of state, CEOs and other global leaders will meet to discuss how to create jobs in the 21st Century, sustainable consumption, even scaling what works for girls and women around the globe. President Clinton told Bartiromo there are "200 to 300 million people in the world that need work who don't have it." When asked if President Obama can get re-elected with 9.1% unemployment, Clinton said "sure, but it depends on whether people believe that we've turned a corner, that he's got a plan that will work, and it depends on what the competition says." "I mean, right now, he's out there running against himself and people's misery," Clinton said.
President Clinton thinks we should “see what the Small Business Administration could do with its existing programs, loan guarantee programs, and its ability to do joint investment to get more small business loans.” President Clinton referred to a recent survey of the small business community “had about 40 percent of it saying that if they could get more capital they would expand and hire more people.” President Clinton believes “we should focus on that.”