White House Jobs Summit: Real Progress or PR Stunt?

The Google boss said the administration has done everything possible to get the country to stop hemorrhaging jobs.

"The administration did a very, very good job getting the actual financial crisis resolved, pretty much by textbook, and they did it pretty quickly," he said. "We're in a much better situation now. Having said that, we knew we would have a jobs problem. And I'm not sure what else they could have done six months ago aside from talk about, 'What are we going to do about the jobs issue?' earlier."

However, Republicans on Capitol Hill have seized on the country's rising unemployment as ammunition to blast the administration. While the jobs summit takes place at the White House, just down Pennsylvania Avenue on Capitol Hill, House Minority Leader John Boehner, R-Ohio, will be conducting a roundtable discussion of his own on the jobs issue.

"We've lost three million jobs over the course of this year, we have a 10.2 percent unemployment rate and we'll be talking about how to really help small businesses and American families get the economy moving," Boehner said Wednesday. "We'll probably also talk about the job-killing policies that this administration continues to support.

"When you start talking about the government takeover of health care and higher taxes, when you start talking about a national energy tax, when you look at all of the debt that's being piled up and the uncertainty over what tax rates will be in effect, you can understand why business people all over the country are sitting on their hands," said the Ohio lawmaker. "They're scared to death to reinvest in this economy until there is some certainty about what's going to happen with all these policies."

Despite the partisan back-and-forth, some analysts emphasize that the key factor in the country's employment turnaround simply will be time.

"Are they doing a good job in terms of getting the economy going and the stimulus program? The answer is yes," John Silvia, chief economist at Wells Fargo, told Stark. "Is it solving the problem yet? No. Time is going to be the big determinant of when we work out of this unemployment issue."

ABC News' Huma Khan, Betsy Stark and Justine Schiro contributed to this report.

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