Presidential meeting in ‘Silicon Valley’

On Feb 17, President Obama had dinner with 12 leaders from technology companies to discuss ways to invest in American innovation and to promote private sector job growth.

Just some of the big names on the guest list were Apple’s chief executive Steve Jobs and Facebook Chief Executive Mark Zuckerberg.

Obama said he wanted to work with the group “so we can work as partners to promote growth and create good jobs in the United States.”

The plan the president proposed was to increase spending on high-tech initiatives like high speed internet, education in science and engineering and to double America’s exports in five years.

The future is pointing in the direction of higher technology. In 2010 Apple Inc. made $65.23 billion dollars in revenue alone; Facebook’s revenue since 2009 is $800 million. With figures like these it is no wonder Obama has his eye on the technology field to become the future of our country’s industry.

Obama commends Facebook for using the creativity and the ingenuity of the American people to create the social network that swept the nation.

The conversation also drifted to ways of promoting students to study people to study science, technology, engineering and math, and to go into STEM fields.