Steve Jobs met Obama to talk education, energy, job creation

Apple Online Store“Apple CEO Steve Jobs met with President Obama on Thursday in a rare connection for the nation’s most valuable high-tech company that has been purposefully shy of Beltway culture,” Cecilia Kang reports for The Washington Post. “White House spokesman Robert Gibbs said the meeting took place during Obama’s visit to San Francisco and the two discussed energy independence and ways to increase job creation. ‘They discussed American competitiveness and education, especially reforms such as the President’s Race to the Top initiative,’ Gibbs said in a statement.”

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Kang continues, “Earlier, Gibbs told reporters traveling on Air Force One from Seattle to San Francisco that it was ‘a meeting the president was interested in having.’ The last time they met was during Obama’s presidential campaign in 2008. Apple, despite its size and growing reach into new businesses — mobile phone software and devices, television and music — has a decidedly small lobbying and policy operation in Washington. The company spent $340,000 in lobbying in the last quarter, a fraction of the amount that competitor Microsoft and telecom giant AT&T spend.”

“With $51 billion in cash and a drive to make acquisitions, observers said Apple will face increased interest by lawmakers and regulators. Apple’s stock is approaching the value of Exxon Mobile as the most valued U.S. public company,” Kang reports. “The company, like many Silicon Valley firms before it, has kept a skeptical eye on Washington policy and legislation except for issues directly related to its products such as patent law reform, taxes and trade. But analysts say the company may not be able to keep its distance for too long.”

Read more in the full article here.


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