We weren’t invited to the CEO summit with the president (you missed chicken and fish for lunch, by the way). But, I think there is a huge point being missed:

The White House has been pursuing a charm offensive with the biggest U.S. employers in recent weeks, hoping to convince them to plow some of the $2 trillion in cash they are sitting on into expansion and hiring in the U.S.

   It isn’t just the issue of coming with more jobs. If a CEO creates a bunch of Wal-Mart jobs–low-paying, without benefits, non-union–is that something we should praise? I know the answer, from my little corner of the world. But, it should be much more explicitly said–we got into this crisis precisely because people were not being paid enough and people had to use credit to pay off things like health care costs and other basic living expenses.

   Or as Jesse Jackson has said, "Even slaves had jobs".