December 3, 2009
Posted: 07:59 PM ET
Some 130 executives, economists, small business owners and non-profit officials gathered for the afternoon jobs summit at the White House on the eve of the government's November unemployment report. The nation is expected to have lost another 114,000 jobs, with unemployment remaining at 10.2%, the highest in 26 years, according to an economists' survey.
"While I believe that government has a critical role in creating the conditions for economic growth, ultimately true economic recovery is only going to come from the private sector," Obama said. "We don't have enough public dollars to fill the hole of private dollars that was created as a consequence of the crisis."
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