June 29, 2011
Text and photo by Ted Regencia
CHICAGO — Seeking to help the U.S. domestic economy recover from the recession and cut down the 9.1 percent unemployment rate, former U.S. president Bill Clinton kicked-off a two day forum here on Wednesday, while touting Chicago as a model of innovation and economic resurgence.
Clinton, whose eight-year stint at the White House saw the U.S. economy prosper, urged American banks to unlock an estimated $2 trillion in cash for loans.
He also encouraged companies to invest within America another existing $2 trillion dollars in their reservoir, and called on more jobs training to fill as much as three million jobs currently available but remain vacant because of mismatch in qualification.
By filling the three million available jobs, unemployment rate will already be significantly reduced and create a more optimistic economic atmosphere, Clinton said.
On the first day of the event, Clinton has already secured the financial commitment of four organizations, including a 10 billion dollars in capital from the labor group AFL-CIO to be spent for public infrastructure repairs for the next five years.
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