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The White House will focus on promoting economic growth in 2011. This is a move to repair relations with corporate
America
and reduce unemployment.
 photo credit: acetonic
Business leaders have been reluctant to spend on hiring and expansion and
"companies are sitting on nearly $2 trillion in cash and liquid assets, the
most since World War II." stated a blog by Rick Moran at AmericanThinker.com.
The Economic Outlook
released by Fannie Mae in January predicts that the economy is set to
accelerate and level out with less volatile patterns in 2011. This was based on
strong consumer spending and growing policy clarity at the end of 2010.
In an opinion article published in The Wall Street Journal, President
Obama writes about the need to "avoid excessive, inconsistent
and redundant regulation," focusing on rules that "stifle job
creation and make our economy less competitive."
He said he is issuing an executive order to "strike a
balance" between regulations that protect the public interest and those that
lead to disastrous consequences." This
order calls for a "government-wide review of the rules already on the books to
remove outdated regulations that stifle job creation and make our economy less
competitive."
The White House hopes that this will help to promote economic growth and encourage businesses to invest again.
Read more at The Wall Street Journal. Related PostsExisting Home Sales Up in August
House Votes Yes on Unemployment Benefits Extension
Layoffs Cause Housing Crisis to Worsen
Tough Choices in Tough Times
Lower Unemployment May Mean Demand for Housing
Posted on January 18, 2011 12:18:54 by  IPTV.Boyz
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