Obama: Innovation key to economic recovery

President Barack Obama announces a new fee on big banks to recover up to $120 billion in taxpayers' money used to prop up corporations during the economic crisis, Thursday, Jan. 14, 2010, at the White House in Washington. From left are, Council of Economic Advisers Chair Christina Romer, Treasury Secretary Timothy Geithner, National Economic Council Director Larry Summers, and Budget Director Peter Orszag.

January 29, 2011 4:06:22 AM PST
President Barack Obama is promoting business innovation as a building block to more jobs, part of a retooled economic message that aims to highlight advances in the private sector over expensive government programs.