Bill Clinton hosts jobs and economic forum in Chicago

Xinhua English
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.

To read the full story, please visit Xinhua English

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s