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

Brutality Eroding IS Financial Support

Director of National Intelligence James Clapper says IS's penchant for publicizing beheadings, other brutal forms of punishment hurts group’s bottom line More

Studies: Climate Change a Factor in Disasters in Syria, California

The studies point to the possibility of clear and present dangers from a threat often considered to be far in the future More

Video Afghan Refugees Complain of Harassment in Pakistan

Afghan officials and human rights organizations assert that Pakistani authorities are using deadly attack at school in Peshawar as pretext to push out Afghan refugees 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.
Kerry Seeks Assurances of Russian Non-Interference in Ukrainei
X
March 03, 2015 3:11 AM
U.S. Secretary of State John Kerry has told his Russian counterpart, Sergei Lavrov, that his country could face further consequences to what he called its “already strained economy” if Moscow does not fully comply with a cease-fire in Ukraine. The two met, on Monday, on the sidelines of a U.N. Human Rights Council meeting in Geneva, where Kerry outlined human rights violations in Russian-annexed Crimea and eastern Ukraine. VOA State Department correspondent Pam Dockins reports from Geneva.
Video

Video Kerry Seeks Assurances of Russian Non-Interference in Ukraine

U.S. Secretary of State John Kerry has told his Russian counterpart, Sergei Lavrov, that his country could face further consequences to what he called its “already strained economy” if Moscow does not fully comply with a cease-fire in Ukraine. The two met, on Monday, on the sidelines of a U.N. Human Rights Council meeting in Geneva, where Kerry outlined human rights violations in Russian-annexed Crimea and eastern Ukraine. VOA State Department correspondent Pam Dockins reports from Geneva.
Video

Video Smartphones May Help in Diagnosing HIV

Diagnosing infections such as HIV requires expensive clinical tests, making the procedure too costly for many poor patients or those living in remote areas. But a new technology called lab-on-a-chip may make the tests more accessible to many. VOA’s George Putic reports.
Video

Video Afghan Refugees Complain of Harassment in Pakistan

Afghan officials have expressed concern over reports of a crackdown on Afghan refugees in Pakistan following the Peshawar school attack in December. Reports of mass arrests and police harassment coupled with fear of an uncertain future are making life difficult for a population that fled its homeland to escape war. VOA’s Ayesha Tanzeem reports from Islamabad.
Video

Video Ukrainian Volunteers Prepare to Defend Mariupol

Despite the ongoing ceasefire in Ukraine, soldiers in the city of Mariupol fear that pro-Russian separatists may be getting ready to attack. The separatists must take or encircle the city if they wish to gain land access to Crimea, which was annexed by Russia early last year. But Ukrainian forces, many of them volunteers, say they are determined to defend it. Patrick Wells reports from Mariupol.
Video

Video Moscow Restaurants Suffer in Bad Economy, Look for Opportunity

As low oil prices and Western sanctions force Russia's economy into recession, thousands of Moscow restaurants are expected to close their doors. Restaurant owners face rents tied to foreign currency, while rising food prices mean Russians are spending less when they dine out. One entrepreneur in Moscow has started a dinner kit delivery service for those who want to cook at home to save money but not skimp on quality. VOA's Daniel Schearf reports.
Video

Video US, Cuba Report Progress in Latest Talks to Restore Ties

The United States and Cuba say they have made progress in the second round of talks on restoring diplomatic relations more than 50 years after breaking off ties. Delegations from both sides met in Washington on Friday to work on opening embassies in Havana and Washington and iron out key obstacles to historic change. VOA’s Mary Alice Salinas reports from the State Department.
Video

Video Presidential Hopefuls Battle for Conservative Hearts and Minds

One after another, presumptive Republican presidential contenders auditioned for conservative support this week at the Conservative Political Action Conference held outside Washington. The rhetoric was tough as a large field of potential candidates tried to woo conservative support with red-meat attacks on President Barack Obama and Democrats in Congress. VOA Political Columnist Jim Malone takes a look.
Video

Video NYC's Restaurant Week: An Economic Boom in Fine Dining

New Yorkers take pride in setting world trends — in fashion, the arts and fine dining. The city’s famous biannual Restaurant Week plays a significant role in a booming tourism industry that sustains 359,000 jobs and generates $61 billion in yearly revenue. VOA's Ramon Taylor reports.
Video

Video Brookhaven at Cutting Edge of US Energy Research

Issues like the Keystone XL pipeline, fracking and instability in the Middle East are driving debate in the U.S. about making America energy independent. Recently, the American Energy Innovation Council urged Congress and the White House to make expanded energy research a priority. One beneficiary of increased energy spending would be the Brookhaven National Lab, where clean, renewable, efficient energy is the goal. VOA's Bernard Shusman reports.
Video

Video Southern US Cities Preserve Civil Rights Heritage to Boost Tourism

There has been a surge of interest in the American civil rights movement of the 1950s and '60s, thanks in part to the Hollywood motion picture "Selma." Five decades later, communities in the South are embracing the dark chapters of their past with hopes of luring tourism dollars. VOA's Chris Simkins reports.
Video

Video Deep Under Antarctic Ice Sheet, Life!

With the end of summer in the Southern hemisphere, the Antarctic research season is over. Scientists from Northern Illinois University are back in their laboratory after a 3-month expedition on the Ross Ice Shelf, the world’s largest floating ice sheet. As VOA’s Rosanne Skirble reports, they hope to find clues to explain the dynamics of the rapidly melting ice and its impact on sea level rise.
Video

Video Lao Dam Project Runs Into Opposition

A Lao dam project on a section of the Mekong River is drawing opposition from local fishermen, international environmental groups and neighboring countries. VOA's Say Mony visited the region to investigate the concerns. Colin Lovett narrates.

All About America

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