President Obama will stand Friday in a city that encourages spending in all forms - cash, credit cards, flashy hotels, expensive meals - and explain that investing in the clean energy industry will stimulate jobs and economic growth. After spending an evening in Las Vegas helping to relieve Nevadans of $800,000 during a fundraiser for Democratic Senator Harry Reid who is up for re-election, the President remains in Sin City for his economic event.
Nevada has one of the highest unemployment rates in the country where 14% of its residents have been without jobs for six months or more. The national average is just over nine percent. The Republican National Committee has released a television ad that is running Friday in Las Vegas calling President Obama and Nevada Senator Harry Reid "Two of a Kind." The ad accuses the President and the Senate Majority Leader of bad economic policies that have led to Nevada's economic woes. RNC Communications Director Doug Heye says the President's policies are not helping Reid's home state which has the highest unemployment rate in the nation. "Their two top industries - gaming and construction - are really hurting...so many Nevadans have given up on that key Obama word - hope," Heye said in a statement to Fox News.
President Obama admitted during the Reid fundraiser that job growth is not moving fast enough for his liking. "I'd like to see us get out of this hole sooner, but you have to understand we are heading in the right direction," President Obama told the crowd of 3,000 Reid supporters.
Stay tuned to Row 2, Seat 4 to watch the President's 12:05 p.m. ET remarks. [foxlivestream 4]. Special Report with Bret Baier will have more on this topic in their 6:00 p.m. ET broadcast.