Obama Admits Government Doesn't Create Jobs

Townhall.com Staff
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Posted: May 24, 2011 3:10 PM
Obama Admits Government Doesn't Create Jobs
The United States and Great Britain are bound by not only a shared history but also a similarity of needs and beliefs, President Barack Obama and British Prime Minister David Cameron wrote in an Op-Ed published in the Times of London.

The two leaders reaffirmed that their partnership is “rock solid,” even as their respective countries face economic, social, and strategic challenges. The United States and England must cooperate in rebuilding their economies shaken by the global economic meltdown and that there must be strong and stable growth, reduced deficits and financial system reform, they stressed.

"Governments do not create jobs: bold people and innovative businesses do. We know that our nations are self-reliant and infused with the entrepreneurial spirit. We have proud traditions of out-innovating and out-building the rest of the world — and of doing it together. Today the U.S. remains the largest investor in Britain, and Britain the largest investor in the U.S. — each supporting around a million jobs in our countries. We want to encourage more of this exchange of capital, goods and ideas. So this week we will reaffirm our commitment to strong collaboration between our universities and research facilities." Read more on Newsmax.com: Obama Admits Government Doesn't Create Jobs Important: Do You Support Pres. Obama's Re-Election? Vote Here Now!