ABC News' David Kerley (@David_Kerley) reports from Martha's Vineyard:
You are preparing a big, “new” jobs program. You are going to unveil it after Labor Day. So, “who ya gonna call” for some ideas on fixing the economy? If you are the President of the United States on vacation on Martha’s Vineyard, you pick up the phone and call a couple business titans.
President Obama called the “Oracle of Omaha,” a.k.a. Warren Buffett, on Monday to talk about the recent gyrations of the stock market, the overall outlook for the economy, and possible measures to spur the economy. But that’s not all, according to White House principal deputy press secretary Josh Earnest.
The President also called the head of the Ford Motor Company, Alan Mulally. The President wanted to know if the supply chain problems caused by the Japanese tsunami have moderated. He also asked the Ford Chief about how to extend exports.
Undoubtedly, the President told Mulally that he’s coming to Detroit to spend Labor Day (Sept. 5) with workers. The White House formally announced the trip today.
The President also spent some time with one of his economic advisers, Brian Deese, working on that new jobs program. Still no date for the big speech after Labor Day.