News / USA

Obama Touts US Economic Gains

President Barack Obama speaks, Friday, Feb. 17, 2012, next to an airplane engine at the Boeing Company's 787 airplane assembly facility in Everett, Washington.
President Barack Obama speaks, Friday, Feb. 17, 2012, next to an airplane engine at the Boeing Company's 787 airplane assembly facility in Everett, Washington.
Kent Klein

President Barack Obama is calling on Congress to advance his plan to increase U.S. exports, after a week of upbeat news about the nation’s economy.  The president spoke Friday, at the end of a three-day fundraising trip to the Western United States.

President Obama spoke to workers in the gigantic Boeing airplane assembly plant near the northwestern city of Seattle, Washington.  He emerged from one of the newly-built Boeing jetliners being sold to overseas airlines, to promote his goal to boost exports.

“The Dreamliner is the plane of the future.  And by building it here, Boeing is taking advantage of a huge opportunity that exists right now to bring more jobs and manufacturing back to the United States of America,” he said.

Mr. Obama said the U.S. is ahead of schedule toward meeting the goal he set three years ago of doubling American exports by 2014.

To speed that progress, he called on lawmakers to pass his plan to reform the nation’s tax code, ending tax breaks for businesses that move jobs overseas and rewarding companies that create jobs in the U.S.

The president also urged Congress to reauthorize the Export-Import Bank, the government’s export credit agency.  He said the bank is starting a program to help subsidize small U.S. businesses’ efforts to increase their exports.

He mentioned the bank’s role in helping Boeing sell 230 planes to the Indonesian airline Lion Air last year, a deal worth more than $22 billion.  It was the company’s biggest order ever.

Mr. Obama spoke as his annual economic report was being delivered to Congress.  The report says the economy has been expanding for two-and-a-half years, but not quickly enough to recover the jobs lost in the recession that began in 2007.

Nonetheless, the president told workers at Boeing there are encouraging signs that the economic recovery is accelerating.

“The tide is beginning to turn our way," he said.  "Over the last 23 months, businesses have created 3.7 million new jobs.  And American manufacturers are hiring for the first time since 1990.  And the American auto industry is back.  And our economy is getting stronger.”

The president’s remarks followed a week of positive economic news.  On Friday, Congress passed a one-year extension of the nation’s payroll tax cut.  Mr. Obama said lawmakers did the right thing.

“Congress also agreed to extend unemployment insurance for millions of Americans-maybe some of your family members - who are still out there looking for a job," he said.  "So I am going to sign this bill right away when I get back home.”

Also this week, the Labor Department said the number of Americans signing up for unemployment assistance has fallen to a four-year low.

And General Motors announced that its 2011 profit reached a record $7.6 billion, just two years after bankruptcy and a government bailout.

The president’s appearance at Boeing concluded a three-day trip to the West Coast, much of which was spent at fundraising events for his re-election campaign.

You May Like

Hezbollah Chief Says Does Not Want War But Ready for One

VOA's Jerusalem correspondent reports that with an Israeli election looming and Hezbollah's involvement in Syria, neither side appears interested in a wider conflict More

Multimedia VOA SPECIAL REPORT: Despite Danger, Best US Minds Battle Deadly Virus

Scientists at America's premier biological research center race in military confinement to find effective drugs, speedier tests and a safe vaccine amid the deadliest outbreak of Ebola in history More

Kurdish Poet Battles to Defend Language, Culture

Kawa Nemir's work is an example of what he sees as an irreversible cultural and political assertiveness among Kurds in Turkey 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.
Egypt's Suez Canal Dreams Tempered by Continued Unresti
X
Heather Murdock
January 30, 2015 8:00 PM
Egypt plans to expand the Suez Canal, raising hopes that the end of its economic crisis may be in sight. But some analysts say they expect the project may cost too much and take too long to make life better for everyday Egyptians. VOA's Heather Murdock reports.
Video

Video Egypt's Suez Canal Dreams Tempered by Continued Unrest

Egypt plans to expand the Suez Canal, raising hopes that the end of its economic crisis may be in sight. But some analysts say they expect the project may cost too much and take too long to make life better for everyday Egyptians. VOA's Heather Murdock reports.
Video

Video Threat of Creeping Lava Has Hawaiians on Edge

Residents of the small town of Pahoa on the Big Island of Hawaii face an advancing threat from the Kilauea volcano. Local residents are keeping a watchful eye on creeping lava. Mike O’Sullivan reports.
Video

Video Pro-Kremlin Youth Group Creatively Promotes 'Patriotic' Propaganda

As Russia's President Vladimir Putin faces international pressure over Ukraine and a failing economy, unofficial domestic groups are rallying to his support. One such youth organization, CET, or Network, uses creative multimedia to appeal to Russia's urban youth with patriotic propaganda. VOA's Daniel Schearf reports.
Video

Video Mobile Infrared Scanners May Help Homeowners Save Energy

Mobile photo scanners have been successfully employed for navigational purposes, such as Google Maps. Now, a group of scientists from the Massachusetts Institute of Technology says the same technology could help homeowners better insulate their houses and save some money. VOA’s George Putic has more.
Video

Video Filmmakers Produce Hand-Painted Documentary on Van Gogh

The troubled life of the famous 19th century Dutch painter Vincent van Gogh has been told through many books and films, but never in the way a group of filmmakers now intends to do. "Loving Vincent " will be the first ever feature-length film made of animated hand-painted images, done in the style of the late artist. VOA’s George Putic reports.
Video

Video Issues or Ethnicity? Question Divides Nigeria

As Nigeria goes to the polls next month, many expect the two top presidential contenders to gain much of their support from constituencies organized along ethnic or religious lines. But are faith and regional blocs really what political power in Nigeria is about? Chris Stein reports.
Video

Video Rock-Consuming Organisms Alter Views of Life Processes

Scientists thought they knew much about how life works, until a discovery more than two decades ago challenged conventional beliefs. Scientists found that there are organisms that breathe rocks. And it is only recently that the scientific community is accepting that there are organisms that could get energy out of rocks. Correspondent Elizabeth Lee reports.
Video

Video Paris Attacks Highlight Global Weapons Black Market

As law enforcement officials piece together how the Paris and Belgian terror cells carried out their recent attacks, questions are being asked about how they obtained military grade assault weapons - which are illegal in the European Union. As VOA's Jeff Swicord reports, experts say there is a very active worldwide black market for these weapons, and criminals and terrorists are buying.
Video

Video Activists Accuse China of Targeting Religious Freedom

The U.S.-based Chinese religious rights group ChinaAid says 2014 was the worst year for religious freedom in China since the end of the Cultural Revolution. As Ye Fan reports, activists say Beijing has been tightening religious controls ever since Chinese leader Xi Jinping came to office. Hu Wei narrates.
Video

Video Theologians Cast Doubt on Morality of Drone Strikes

In 2006, stirred by photos of U.S. soldiers mistreating Iraqi prisoners, a group of American faith leaders and academics launched the National Religious Campaign Against Torture. It played an important role in getting Congress to investigate, and the president to ban, torture. VOA's Jerome Socolovsky reports.
Video

Video Former Sudan 'Lost Boy' Becomes Chess Master in NYC

In the mid-1980’s, thousands of Sudanese boys escaped the country's civil war by walking for weeks, then months and finally for more than a year, up to 1,500 kilometers across three countries. The so-called Lost Boys of the Sudan had little time for games. But one of them later mastered the game of chess, and now teaches it to children in the New York area. VOA’s Bernard Shusman in New York has his story.
Video

Video NASA Monitors Earth’s Vital Signs From Space

The U.S. space agency, NASA, is wrapping up its busiest 12-month period in more than a decade, with three missions launched in 2014 and two this month, one in early January and the fifth scheduled for January 29. As VOA’s Rosanne Skirble reports, the instruments being lifted into orbit are focused on Earth’s vital life support systems and how they are responding to a warmer planet.

Circumventing Censorship

An Internet Primer for Healthy Web Habits

As surveillance and censoring technologies advance, so, too, do new tools for your computer or mobile device that help protect your privacy and break through Internet censorship.
More

All About America

AppleAndroid