Summit "generated a lot of important ideas"

From The Hill: The president who never had a real job and believes work=talking shares his ideas on how to "create" jobs: Uh, we need to dump more federal dollars into "jobs" but we need to promise, really and truly, to get serious about deficits "in the out years." Or something.

The Washington Post reports that Obama can't do what he'd like because he doesn't have the money:

Obama says he does not have the money for the plan many of his liberal supporters say packs the biggest employment punch -- direct federal investment in job creation.

Didn't he already try that?

Jennifer Rubin notes the lip service paid to the private sector:

At his “jobs summit,” Obama discovered: “Ultimately, true economic recovery is only going to come from the private sector.” Mon dieu! You mean lambasting business, hiking taxes, imposing a flurry of mandates, and regulating carbon emissions aren’t the way to go? No, no. The Obami still want to do all that. They just expect the private sector to grow and hire workers in spite of all that. I guess.

At the end of the day he was satisfied with his summit:

"Overall, we generated a lot of important ideas," he said. "Some of them, I think, can translate immediately into administration plans and, potentially, legislation."

Rep. Steny Hoyer is urging his colleagues to pass a jobs bill to save their own necks but the US Senate is fixated, Ahab-style, on its white whale:

House Majority Leader Steny Hoyer (D-Md.) told reporters that those issues are the most important to political independents, whose votes will be crucial in next year's mid-term elections.

“If jobs don't get into positive numbers, I think the people are going to continue to be concerned,” he said. “And when they're concerned they look for somebody new, whether you're a Republican or a Democrat.”

Hoyer has called for passage of a jobs bill before the holiday recess. Senate Democrats have said that they will take up job creation legislation after their work on healthcare reform.

Meanwhile, the Republicans got together and generated a couple of ideas that may lack the nuances of Obama's but are so crazy they just might work: 1) instead of raising taxes, lower them; 2) stop spending money you don't have.

House Republicans at their own jobs summit in the Capitol on Thursday called for lower taxes and criticized Democrats for adding to economic uncertainty hamstringing companies.

“When you look at all these policies that are being proposed at the tax rates that are so uncertain, it’s no surprise to us that employers continue to do nothing,” House Minority Leader John Boehner (R-Ohio) said.

Douglas Holtz-Eakin, a former Congressional Budget Director and aide to Sen. John McCain's (R-Ariz.) 2008 presidential campaign, slammed Democrats for failing to produce a plan to reduce red ink.

“They are engaged in a trajectory of what looks like a third-world debt crisis," Holtz-Eakin said. "We know how that ends – it ends with currency problems, higher inflation, higher interest rates that’s damaging for the economy."

The president will share more jobs ideas with voters today on the campaign trail his Main Street Tour. But not a lot of swooning is expected this time around. Some of the natives are feeling pretty restless:

"In the last two or three months people are getting disillusioned," says Allentown Mayor Ed Pawlowski, a Democrat. "If he's kicking off this tour and nothing of substance comes out of it, it's gonna kill him," Mr. Pawlowski says.

This just in, some positive news: Unemployment has dropped to an even 10%.

Linked at Michelle Malkin (buzzworthy)

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