Kodak’s Antonio Perez and Xerox’s Anne Mulcahy were among a delegation of 13 tech industry CEOs who visited the White House Wednesday to discuss President Obama’s economic rescue plan. It was the first corporate sit down by the new President.
Those who attended lent support to President Obama's $819 billion stimulus package and most stand to benefit from it in some way. Both Xerox and Kodak have been affected by the economic downturn.
Obama's comment after the meeting:
"The businesses that are shedding jobs to stay afloat, they cannot afford inaction or delay," Obama said. "The workers who are returning home to tell their husbands and wives and children that they no longer have a job, and all those who live in fear that theirs will be the next job cut -- they need help now. They are looking to Washington for action, bold and swift."
Obama also announced a new website recovery.gov which will document how the stimulus and recovery money will be spent should the measure pass both houses of Congress.
Print continues to be a vital aspect of American commerce and the economy. The only question is what the industry will look like on the other side of the downturn. Industry companies and their leaders are creating that future now.
Discussion
By David G Rosenthal on Feb 02, 2009
Real Economic Stimulus will occur and quickly by lowering taxes including and not limited to income, payroll, investment, corporate, capital gains, and inheritance.
Obama simply stating that he will maintain the current capital gains tax rate will likely cause the stock market to spike.
Businesses, individuals and markets do not like uncertainty.
The plan recently passed by the House of Representatives is all about big government getting bigger, loss of individual freedoms and liberties, is full of pork, and is downright bad legislation. Clearly this plan is a move to socialism.
By Ben on Feb 02, 2009
I think we all agree that economic stimulus is needed. Obama and the senate and house democrats should break this bill into two phases. The first phase be real, immediate economic stimulus, via tax cuts and funding for shovel-ready projects that benefit US industry. The second phase should include all his social and big gov. spending items and let it try to stand and pass/fail on it's own merit.
By Don G. on Feb 03, 2009
Has anyone heard if the head of the GPO, Public Printer Bob Tapella will be retained by Pres. Obama?
By john on Feb 03, 2009
its not a perfect world but at least the attitude and intentions promise the money won't go to the filthy rich.
By Michael Josefowicz on Feb 03, 2009
So how cool would it be if the person in charge of the GPO really understood the power of distribute and print?
He could take all the government reports, implement a distribute and print process for the Feds and eliminate lots of carbon emissions and the cost of storing all those GPO public documents.
Obama could set up a link to his recovery.gov website and all the citizens could get access to all the good work that people in the government are doing with all the content that is so expensive to produce.
Maybe Anne or Antonio could get the message across just before or after their next photo op.
By dwightex on Feb 04, 2009
can you imagine if another country, say Mexico or Chech Republic announced that they were going to borrow $100 Billion or $200 Billion and invest in government programs? Would we think that it could possibly succeed. Nearly everything that the government does costs more and accomplishes less than when it was first proposed. Let's not allow the government to get any more of our money to fund these unnecessary programs.
By Nicolle on Feb 05, 2009
This economy is in need of a true stimulus plan. Unfortunately, Obama's plan is full of pet projects that won't stimulate the economy in any way and spending that will be a horrible return on our investment. Scare tactics by Pelosi (500 million jobs lost if we don't act now) and Obama (economy will be a “catastrophe” if we don't pass this bill), only feed into the economy uncertainty that plays in the minds of Americans. Sadly, this is their exact tactic to push this plan through.
Our leaders need to listen to the American people when under 40% of the people feel this "stimulus" plan, as written, is a good idea for America.
Discussion
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