News / USA

Obama Calls On Business Leaders for Support

President Barack Obama is calling on U.S. business leaders to work with him to help advance the country's economic interests.  The president once again laid out his priorities for the U.S. economy.

President Obama Wednesday went before a meeting of the Business Roundtable, to challenge some of the nation's top corporate executives to help achieve his vision of the country's future.

"We need to build an economy where we borrow less and produce more.  We need an economy where we generate more jobs here at home and send more products overseas.  We need to invest and nurture the industries of the future, and we need to train our workers to compete for those jobs," he said.

The president gave an overview of his reform efforts, saying they would help the United States compete globally and improve the domestic economy.

He denied Republican charges that he is increasing government's involvement in business, and defended actions such as charging a fee to financial institutions which have not repaid government bailout money.

"What has outraged people are the outsized bonuses at firms that so recently required massive public assistance.  Once that money is fully repaid, I do not believe it is appropriate for the government to be in the business of setting compensation levels," said Mr. Obama.

The president again sought support for many of the main areas of his economic program, infrastructure, research, education, and government reform.

He also pushed his policy of rewarding businesses that keep jobs in the United States, rather than sending them overseas, saying it is not anti-business but pro-American.

And Mr. Obama said the United States must align the interests of workers, businesses and government around trade agreements that open new markets and create new jobs.

"That is why we launched the Trans Pacific Partnership to strengthen our trade relations with Asia, the fastest growing market in the world," said the president.  "That is why we will work to resolve outstanding issues so that we can move forward on trade agreements with key partners like South Korea, Panama and Colombia," he said.

The president urged the group to support a $15 billion jobs bill, which passed the Senate Wednesday with support from several Republicans.

Mr. Obama also appealed for backing for his health care reform plan, which lawmakers from both parties will discuss with the president in a Thursday meeting near the White House.  

"Our proposal contains good ideas from Democrats, Republicans and health care experts across the spectrum," Mr. Obama said.  "And tomorrow, I look forward to a good exchange of ideas at the Blair House with some of the legislative leaders.  And I hope everyone comes with a shared desire to solve this challenge, not just score political points," he said.

The Business Roundtable is made up of chief executive officers of leading U.S. companies.  Together, their companies have almost $6 trillion in annual revenues and more than 12 million workers.

You May Like

Cambodia Seeks Official UN Maps for Vietnam Border

Notice of request comes as 2 countries open border talks Tuesday after a clash last month More

From South Africa to Vietnam, Cyclists Deliver Message Against Rhino Horns

Appalled by poaching they saw firsthand, sisters embark on tour to raise awareness in countries where rhino horn products are in demand More

Uber Wants Johannesburg Police Protection

Request follows recent protests outside ride-hailing service's Johannesburg office More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Getting it Done Beyond a Nuclear Deali
X
July 07, 2015 12:02 PM
If a nuclear deal is reached between Iran and world powers in Vienna, it will be a highly technical road map to be used to monitor nuclear activity in Iran for years to come to ensure Tehran does not make nuclear weapons. Equally as complicated will be dismantling international sanctions that were originally intended to be ironclad. VOA’s Heather Murdock talks to experts about the key challenges any deal will present.
Video

Video Getting it Done Beyond a Nuclear Deal

If a nuclear deal is reached between Iran and world powers in Vienna, it will be a highly technical road map to be used to monitor nuclear activity in Iran for years to come to ensure Tehran does not make nuclear weapons. Equally as complicated will be dismantling international sanctions that were originally intended to be ironclad. VOA’s Heather Murdock talks to experts about the key challenges any deal will present.
Video

Video Rice Farmers Frustrated As Drought Grips Thailand

A severe drought in Thailand is limiting the growing season of the country’s important rice crop. Farmers are blaming the government for not doing more to protect a key export. Steve Sandford reports from Chiang Mai, Thailand.
Video

Video Making Music, Fleeing Bombs: New Film on Sudan’s Internal Refugees

In 2012, Sudanese filmmaker Hajooj Kuka went to make a documentary among civil war refugees in Sudan’s Blue Nile and Nuba Mountains region. What he found surprised him: music was helping to save people from bombing raids by their own government. VOA’s Carolyn Weaver has more.
Video

Video 'From This Day Forward' Reveals Difficult Journey of Transgender Parent

In her documentary, "From This Day Forward", filmmaker Sharon Shattuck reveals the personal journey of her transgender father, as he told his family that he always felt he was a woman inside and decided to live as one. VOA’s Penelope Poulou has more.
Video

Video Floodwaters Threaten Iconic American Home

The Farnsworth House in the Midwest State of Illinois is one of the most iconic homes in America. Thousands of tourists visit the site every year. Its location near a river inspired the design of the house, but, as VOA’s Kane Farabaugh reports, that very location is now threatening the existence of this National Historic Landmark.
Video

Video Olympics Construction Scars Sacred Korean Mountain

Environmentalists in South Korea are protesting a Winter Olympics construction project to build a ski slope through a 500-year-old protected forest. Brian Padden reports that although there is strong national support for hosting the 2018 Pyeongchang Winter Olympics, there are growing public concerns over the costs and possible ecological damage at the revered mountain.
Video

Video Xenophobia Victims in South Africa Flee Violence, Then Return

Many Malawians fled South Africa early this year after xenophobic attacks on African immigrants. But many quickly found life was no better at home and have returned to South Africa – often illegally and without jobs, and facing the tough task of having to start over. Lameck Masina and Anita Powell file from Johannesburg.
Video

Video Family of American Marine Calls for Release From Iranian Prison

As the crowd of journalists covering the Iran talks swells, so too do the opportunities for media coverage.  Hoping to catch the attention of high-level diplomats, the family of American-Iranian marine Amir Hekmati is in Vienna, pleading for his release from an Iranian prison after nearly 4 years.  VOA’s Heather Murdock reports from Vienna.
Video

Video UK Holds Terror Drill as MPs Mull Tunisia Response

After pledging a tough response to last Friday’s terror attack in Tunisia, which came just days before the 10th anniversary of the bomb attacks on London’s transport network, British security services are shifting their focus to overseas counter-terror operations. VOA's Henry Ridgwell has more.
Video

Video Obama on Cuba: This is What Change Looks Like

President Barack Obama says the United States will soon reopen its embassy in Cuba for the first time since 1961, ending a half-century of isolation. VOA White House correspondent Luis Ramirez reports.
Video

Video Hate Groups Spread Influence Via Internet

Hate groups of various kinds are using the Internet for propaganda and recruitment, and a Jewish human rights organization that monitors these groups, the Simon Wiesenthal Center, says their influence is growing. The messages are different, but the calls to hatred or violence are similar. VOA's Mike O’Sullivan reports.
Video

Video Blind Somali Journalist Defies Odds in Mogadishu

Despite improving security in the last few years, Somalia remains one of the most dangerous countries to be a journalist – even more so for someone who cannot see. Abdulaziz Billow has the story of journalist Abdifatah Hassan Kalgacal, who has been reporting from the Somali capital for the last decade despite being blind.

VOA Blogs