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Former President Bill Clinton explains how we can create jobs now

Former President Bill Clinton talks with Managing Editor of Fortune Magazine Andy Serwer about how Washington and Congress can create more jobs for Americans. He states there are three things Washington and Congress need to do.

First, they must unleash the private capital that is currently being unused. Clinton states there is nearly 2.2 trillion dollars there that can be used. On top of that, corporations have 2 trillion more that is not being invested. Secondly, they need to accelerate the resolution of the home mortgage crisis. He believes it is important for Americans to understand that an economic crisis takes at least five years to overcome. Lastly, Clinton claims there are dozens of smaller things that can be done to help create jobs. Some include pushing areas where the economy is growing as well as focusing on manufacturing, exports and green technology.

According to Clinton, “America needs a source of new employment that really drives us every five to eight years and a continuous expansion of prosperity centers.”

“What works is cooperation, not conflict.”

SOURCE: CNN Money

Nicole Nicholson

Nicole is the Content Editor for Spark Hire and mainly writes for and edits the work for the Spark News blog. She graduated in 2010 with a BA in Journalism from DePaul University in Chicago, Illinois. She has a passion for writing, editing, and pretty much anything to do with content. In her free time she frequents the Chicago music scene and writes reviews on shows for her own personal blog. Connect with Nicole and Spark Hire on Facebook and Twitter