Monday, February 21, 2011

Obama Meets With Zuckerberg, Jobs

President Barack Obama recently convened with members of the U.S. tech elite to discuss how the industry can boost economic growth.

The President met with 12 of the most important tech company leaders, including Facebook chief executive Mark Zuckerberg, Apple founder Steve Jobs, Google head Eric Schmidt, Twitter founder Dick Costolo and Netflix chief Reed Hastings. The group convened at the home of John Doerr, a partner at venture capital firm, Kleiner Perkins, just outside of San Francisco.

"The president specifically discussed his proposals to invest in research and development and expand incentives for companies to grow and hire," said Jay Carney, press secretary of the White House.

The dinner was part of a larger national discussion on how the tech and mobile industries can boost the economy with job growth and exports. The U.S. leader believes technology and innovation will help to develop economic competitiveness and create jobs. Earlier this week the White House released its budget, including billions of dollars for new R&D spending.

President Obama also revealed a measure that will allow companies to claim all business investing as an expense in 2011, which should encourage companies to innovate.

"I am convinced that if we out build, out innovate and out educate as well as out hustle the rest of the world the jobs and industries of our time will take root here in the U.S.," said the President earlier this week. "Our people will prosper and our country succeed."

Innovation and hustle has certainly helped the U.S. to gain the lead in mobile technology. Over the last year, Apple and Google seized the lead from European and Asian companies like Nokia and Sony Ericsson by pioneering smartphone ecosystems, which combine devices, online markets, apps, content and services as an integrated package.

The President also has focused recently on measures expanding broader aspects of technology in the U.S., including an initiative to expand wireless and broadband access to underserved rural areas in the country, as well as free up air spectrum by encouraging broadcasters to sell off their government-owned airwaves to wireless providers.

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