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President Obama at the CBS Town Hall

President Obama answered questions on his plan to strengthen our economy, create jobs and address rising gas prices in a special town hall event that aired on CBS this morning.

With rising gas prices at the front of many Americans' minds, the President talked about his long-term approach to tackling fuel costs:

There's no single silver bullet. We're gonna have to do efficiency. We're gonna have to do alternative energy. We've gotta develop electric cars that can be cheaper. And those are all things that we've been investing in over the last two years—which is why it's gonna be important for us to continue making those investments in the years to come.

On jobs, the President called on companies to invest in the American people:

When I talk to CEOs, the issue here is not uncertainty. The issue is they've got to start placing their bets on America. It is time for companies to step up. When we're in the middle of a recession, our whole job was to make sure the economy was still growing and we stabilized the financial system. And we did that. And American taxpayers contributed to that process of stabilizing the economy.

Companies have benefited from that, and they're making a lot of money. And now's the time for them to start betting on American workers and American products.

You can watch video of the town hall here.

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