WASHINGTON--Secretary of State Hillary Rodham Clinton is not out on the Obama 2012 fund-raising stump--her job precludes her participation in that department--but the popular Clinton on Friday will tackle a domestic issue critical to Obama's re-election--job creation.

On Friday, Clinton will host the President's Council on Jobs and Competitiveness for a Listening and Action Session at the State Department. The topic: "Increasing Inbound Direct Investment in the United States to Help Create Jobs and Grow the Economy."

Clinton will be joined by Acting Secretary of Commerce Rebecca Blank---a former Northwestern University economics professor---and GE Chairman Jeff Immelt, CEO of Kodak Antonio Perez, UBS Investment Bank President Robert Wolf and others.

From the White House: "Investments by foreign-based companies as well as increasing domestic investment create well-paid jobs, contribute to economic growth, boost productivity, and support American communities. In June, President Obama signed an executive order creating SelectUSA - the first-ever government-wide initiative to attract and retain U.S. business investment."