Bill Clinton Promotes Domestic Job Growth

Bill Clinton With the campaign slogan "Putting People First," Bill Clinton rose to prominence in America, thanks to his domestic bona fides, and he's decided to return to the basics this week. The 42nd president will be hosting a summit in Chicago on June 29 and 30 that will focus on generating ideas to spur job growth in America.

The summit, which is being organized by his organization, the Clinton Global Initiative, has invited 700 leading businessman, politicians and nonprofit executives. (Among those expected are Chicago Mayor Rahm Emanuel, Treasury Secretary Tim Geithner and Zappos CEO Tony Hsieh.) And while Clinton has settled into his role as an elder statesman since leaving the White House more than 10 years ago, he framed the summit in political terms while speaking to reporters Tuesday.

"I think the stimulus did as well as it could have done -- there just wasn't enough of it," said Clinton.

And so, the former president says, private initiatives are needed to pick up where government is leaving off. The ongoing gridlock stemming from debates over the budget deficit, among other issues, was also an obstacle in promoting job growth, he added.

He will be aiming to tap into capital from myriad sources, including the $1.9 trillion held offshore by U.S. corporations, Bloomberg reports.

The sectors in which he will be hoping to boost employment include: education, green building, the healthcare workforce, manufacturing, rural development, service corps, small business growth, smart infrastructure and workforce training, says the Chicago Tribune.

And as Politico reports, his views of the 2009 stimulus provide further insight into Clinton's vision for contemporary job growth:

"I think the stimulus package is well-conceived. A lot of it puts money in people's hands, with the unemployment benefits and the food stamps and the tax cuts. A lot of it keeps the states and local governments from laying off a million more people or having big tax increases with the aid to education and health. And then I think the energy and the infrastructure investments will create the jobs the president wants. So I like the conception of that."

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