The White House is pushing ahead with its strategy of taking executive action to circumvent Congressional GOP opposition on job creation, on Friday unveiling a new presidential memorandum aimed at helping private businesses in hard economic times.
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As President Obama struggles to build support for many components of his jobs bill in Congress, he continued to roll-out unilateral steps as part of his new "We Can't Wait" theme. Obama on Friday signed two business-friendly memorandums: one that would shorten the time it takes for federal research to translate into commercial products in the marketplace, and another creating a website, known as BusinessUSA, to make it easier for companies to learn about federal export opportunities and other government services.
"Today, I am directing my administration to take two important steps to help American businesses create new products, compete in a global economy, and create jobs here at home," Obama said in statement.