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President Barack Obama announces his selection of Alan Krueger, left, as chairman of the Council of Economic Advisers, Monday, Aug. 29, 2011, in the Rose Garden of the White House in Washington. (AP Photo/Carolyn Kaster)

WASHINGTON (AP) — Limited in his ability to create jobs through direct spending, President Barack Obama is considering measures to encourage the private sector to free up its cash reserves and hire more workers to ease the nation’s unemployment crush.

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