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

Israelis Quietly Expand Enclave in Palestinian District of Jerusalem

Estimated 500 settlers, armed or protected by paramilitary police, live in Silwan among 50,000 Palestinians More

Video US, Iran Face Similar Challenges in Syrian Fight Against IS

Both Washington, Tehran back fighters battling Islamic State militants in Iraq -- but in Syria they support opposing sides in country’s civil war More

China Boosts Efforts to Help Afghan, Regional Stability

Observers say China’s increased regional involvement are due to concerns that Afghan instability and the presence of anti-China militants in Pakistani border areas could fuel Xinjiang troubles 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.
After Decades of Pressure, Luxembourg Drops Bank Secrecy Rulesi
X
October 21, 2014 12:20 AM
European Union finance ministers have reached a breakthrough agreement that will make it more difficult for tax cheats to hide their money. The new legislation, which had been blocked for years by countries with a reputation as tax havens, was approved last week after Luxembourg and Austria agreed to lift their vetoes. But as Mil Arcega reports, it doesn’t mean tax cheats have run out of places to keep their money hidden.
Video

Video After Decades of Pressure, Luxembourg Drops Bank Secrecy Rules

European Union finance ministers have reached a breakthrough agreement that will make it more difficult for tax cheats to hide their money. The new legislation, which had been blocked for years by countries with a reputation as tax havens, was approved last week after Luxembourg and Austria agreed to lift their vetoes. But as Mil Arcega reports, it doesn’t mean tax cheats have run out of places to keep their money hidden.
Video

Video Kobani Refugees Welcome, Turkey Criticizes, US Airdrop

Residents of Kobani in northern Syria have welcomed the airdrop of weapons, ammunition and medicine to Kurdish militia who are resisting the seizure of their city by Islamic State militants. The Turkish government, however, has criticized the operation. VOA’s Scott Bobb reports from southeastern Turkey, across the border from Kobani.
Video

Video China Political Meeting Seeks to Improve Rule of Law

China’s communist leaders will host a top level political meeting this week, called the Fourth Plenum, and for the first time in the party’s history, rule of law will be a key item on the agenda. Analysts and Chinese media reports say the meetings could see the approval of long-awaited measures aimed at giving courts more independence and include steps to enhance an already aggressive and high-reaching anti-corruption drive. VOA’s Bill Ide has more from Beijing.
Video

Video US ‘Death Cafes’ Put Focus on the Finale

In contemporary America, death usually is a topic to be avoided. But the growing “death café” movement encourages people to discuss their fears and desires about their final moments. VOA’s Jerome Socolovsky reports.
Video

Video Ebola Orphanage Opens in Sierra Leone

Sierra Leone's first Ebola orphanage has opened in the Kailahun district. Hundreds of children orphaned since the beginning of the Ebola outbreak face stigma and rejection with nobody to care for them. Adam Bailes reports for VOA about a new interim care center that's aimed at helping the growing number of children affected by Ebola.
Video

Video Young Nairobi Tech Innovator on 'Track' in Security Business

A 24-year-old technology innovator in Nairobi has invented a tracking device that monitors and secures cars. He has also come up with what he claims is the most robust audio-visual surveillance system yet. As Lenny Ruvaga reports from the Kenyan capital, his innovations are offering alternative security solutions.
Video

Video Latinas Converting to Islam for Identity, Structure

Latinos are one of the fastest growing groups in the Muslim religion. According to the Pew Research Center, about 6 percent of American Muslims are Latino. And a little more than half of new converts are female. VOA’s Carolyn Presutti travelled to Miami, Florida -- where two out of every three residents is Hispanic -- to learn more.
Video

Video Exclusive: American Joins Kurds' Anti-IS Fight

The United States and other Western nations have expressed alarm about their citizens joining Islamic State forces in Syria and Iraq. In a rare counterpoint to the phenomenon, an American has taken up arms with the militants' Syrian Kurdish opponents. Elizabeth Arrott has more in this exclusive profile by VOA Kurdish reporter Zana Omer in Ras al Ayn, Syria.
Video

Video South Korea Confronts Violence Within Military Ranks

Every able-bodied South Korean male between 18 and 35 must serve for 21 to 36 months in the country’s armed forces, depending upon the specific branch. For many, service is a rite of passage to manhood. But there are growing concerns that bullying and violence come along with the tradition. Reporter Jason Strother has more from Seoul.
Video

Video North Carolina Emerges as Key Election Battleground

U.S. congressional midterm elections will be held on November 4th and most political analysts give Republicans an excellent chance to win a majority in the U.S. Senate, which Democrats now control. So what are the issues driving voters in this congressional election year? VOA National Correspondent Jim Malone traveled to North Carolina, one of the most politically competitive states in the country, to find out.
Video

Video Comanche People Maintain Pride in Their Heritage

The Comanche (Indian nation) once were called the “Lords of the Plains,” with an empire that included half the land area of current day Texas, large parts of Oklahoma, New Mexico, Kansas and Colorado.The fierceness and battle prowess of these warriors on horseback delayed the settlement of most of West Texas for four decades. VOA’s Greg Flakus reports from Lawton, Oklahoma, that while their warrior days are over, the 15,000 members of the Comanche Nation remain a proud people.
Video

Video Turkey Campus Attacks Raise Islamic Radicalization Fears

Concerns are growing in Turkey of Islamic radicalization at some universities, after clashes between supporters of the jihadist group Islamic State (IS) or ISIS, and those opposed to the extremists. Pro-jihadist literature is on sale openly on the streets of Istanbul. Critics accuse the government of turning a blind eye to radicalism at home, while Kurds accuse the president of supporting IS - a charge strongly denied. Henry Ridgwell reports from London.

All About America

AppleAndroid