Barack Hussein Obama thinks that he can order businesses to create jobs. He really buys into the Progressive rhetoric that somehow the government can get companies to hire. Obama clearly doesn’t grasp that job creation is a due to demand of goods and services. The reason low paying jobs are what’s being created is due to America’s antiquated tax and regulatory structure. We have a 20th century model for a 21st globalized century economy. President Hussein met with businesses leaders at a jobs summit, as if he can make them hire.

WASHINGTON (CNNMoney.com) — President Obama called a new team of business and labor leaders to the White House Thursday to brainstorm about how to create jobs and boost the economic recovery.

Taking a business-friendly tone, Obama told the Council for Jobs and Competitiveness he wants them to focus on coming up with new jobs creation ideas. But he also said that he wants to hear from them about where “you think the economy is right now.”

“We want to remove any barriers and impediments that are there, but at the same time we want to put a challenge to America’s businesses, to take other steps that have been sitting on the shelf for quite some time,” Obama said. “We want to make sure we’re putting a little pressure on you guys … so we make sure the economy is working for everybody.”

Read the rest: Obama to business leaders: Let’s brainstorm jobs

Yes Obama on one hand wants to ease their burdens then he wants to put pressure on them. He says he wants everyone to benefit from the economy. That can only happen if the tax and regulatory structure are changed to make America competitive. Obama is under the impression he can pressure companies to spread the wealth.

This jobs summit and his statements reveals the 3rd World Revolutionary mindset of Barack Hussein Obama. He really is a believer in a command and control economy. A little history lesson can show the failure of this model. Then again, maybe Obama wants failure. He dreams that a failed system will lead to a “Popular Uprising” against the current system. He better be careful what he wishes for.

Update:

In Obama Boom News, the 4th quarter GDP numbers were revised downward. Initial estimates had the GDP growing at 3.2%, but the real number was 2.8%.

WASHINGTON (Reuters) – The economy grew slower than initially estimated in the fourth quarter as government spending contracted more sharply and consumer spending was less robust, a government report showed on Friday.

Gross domestic product grew at annualized rate of 2.8 percent, the Commerce Department said in its second estimate, marking a downward revision from its initial 3.2 percent estimate.

Economists had expected GDP growth, which measures total goods and services output within U.S. borders, to be revised up to a 3.3 percent pace. The economy expanded at a 2.6 percent rate in the third quarter. For the whole of 2010, the economy grew 2.8 percent instead of 2.9 percent.

The greatest economic boom in the history of humanity continues! No matter how much the media hypes this Obama Boom, the truth is this is anemic growth and it’s due mainly to the Fed’s QE2 money printing scheme. With oil prices and inflation rising in the 1st quarter of 2011, you can bet the numbers will be lower for this time period. Notice the media is barely reporting rising fuel prices? They will do nothing to reveal the fact: there is no Obama Boom!