Network News

X My Profile
View More Activity
Posted at 4:41 PM ET, 02/22/2011

Obama promotes his economic agenda in Cleveland

By Perry Bacon Jr.

CLEVELAND -- Cleveland really does rock, at least according to President Obama.

Coming here for an event on small businesses as part of his economy tour, the president cast the city as an example of how a manufacturing area could reinvent itself.

"This is a city that was founded on manufacturing like a lot of cities in the Midwest," he said on Tuesday afternoon in a gym at Cleveland State University. "And as the economy changed, a lot of people wrote off Cleveland as a shell of its former self. But you, all of you in the audience, you knew differently. You've been working to reinvent
the Rust Belt as the Tech Belt."

Obama's event was part photo-opp, part jobs summit in a city that has an unemployment rate of 8.5 percent, a bit lower than the overall 9.0 national rate.
With about 100 small business owners and entrepreneurs in the audience, he spoke glowingly of the small businesses here and nationally.

Between his opening and closing remarks, several Cabinet officials hosted small sessions with the business owners, soliciting their ideas and promoting administration programs. Obama stopped by a couple of the sessions led by his staff.

In a meeting on entrepreneurship that was being run by Karen Mills, head of the Small Business Administration, Obama took the approach he often does in these sessions: ready to listen, but also eager to inform and persuade.

One businessman told Obama, "My recommendation to you, Mr. President, would be that if you could figure out a way to change the tax policy so that when people invest in small businesses, perhaps the capital gains on an investment would perhaps be not taxed."

He added, "Let's say if you put in $10,000 or $20,000, if you doubled your investment the first $20,000 would be.."

Then Obama interjected.

"Now, I don't want to interrupt you, but that is such a good idea that we actually implemented it last year," he said.

"Did not hear about it," the man replied.

Obam asked Mills to inform the man about the provision the administration successfully pushed through Congress.

"You see there," he said after Mills concluded here explanation. "Now, this was not a setup."

By Perry Bacon Jr.  | February 22, 2011; 4:41 PM ET
Categories:  44 The Obama Presidency  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Reid pushes for stop-gap plan to keep government funded at current level
Next: Sen. Robert Menendez unveils resolution condemning Gaddafi

Comments

Obama's economic agenda--taxpayer funded union thugs funding anti-constitution democrats, and national bankruptcy.

Promote away, Obama, while adults organize to take their country back.

Posted by: ecartr5 | February 24, 2011 7:04 AM | Report abuse

Obama's Economic Agenda: Bankrupt America so his fellow Muslims from the Mid-East can take over the country.

Impeach Obama.

Posted by: JCM-51 | February 22, 2011 11:43 PM | Report abuse

Obama does not have a clue about the business world.

Can he explain the Solyndra company......... that was gonna "create" a gazillion green jobs......... and was given $$$$$$$$ 535 MILLION stimulus money.....and has now gone bust???

Guess it doesn't matter if you lose money when it belongs to someone else.

Posted by: Lola222 | February 22, 2011 9:19 PM | Report abuse

Obama does not have a clue about the business world.

Can he explain the Solyndra company......... that was gonna "create" a gazillion green jobs......... and was given $$$$$$$$ 535 MILLION stimulus money.....and has now gone bust???

Guess it doesn't matter if you lose money when it belongs to someone else.

Posted by: Lola222 | February 22, 2011 9:19 PM | Report abuse

Try again on this headline. How can anyone use the words "Obama" and "economic agenda" in the same sentence? Unless it's the "economic agenda" of ruining our economy.

Posted by: Chippewa | February 22, 2011 8:55 PM | Report abuse

One businessman, anonymous naturally. Circuses employed that tactic frequently. The unknown man says,"Only a dime, now that's a bargain, Give me a ticket." They are commonly referred to as shills,plants or marks. What an amazing coincidence otherwise.

Posted by: boblusby | February 22, 2011 8:02 PM | Report abuse

promoting lies and misinformation in ohio?

residents of the state must be so honored for the liar in chief to personally come to sell them a giant pack of lies.

obama should step down.

Posted by: docwhocuts | February 22, 2011 6:27 PM | Report abuse

Post a Comment

We encourage users to analyze, comment on and even challenge washingtonpost.com's articles, blogs, reviews and multimedia features.

User reviews and comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions.




characters remaining

 
 
RSS Feed
Subscribe to The Post

© 2011 The Washington Post Company