News / USA

Obama Uses Factory Visit to Tout US Competitiveness, Job Growth

President Barack Obama and GE CEO Jeffrey Immelt visit the birthplace of the General Electric Co., to showcase a new GE deal with India and to announce a restructured presidential advisory board , Friday, Jan. 21, 2011, in Schenectady, N.Y.
President Barack Obama and GE CEO Jeffrey Immelt visit the birthplace of the General Electric Co., to showcase a new GE deal with India and to announce a restructured presidential advisory board , Friday, Jan. 21, 2011, in Schenectady, N.Y.

Multimedia

President Barack Obama on Friday continued his efforts to spur job creation and build confidence in the U.S. economy, as he visited a General Electric factory in New York state. The president appointed the company's chief executive to head a special panel aimed at helping to create jobs.

The president's visit to the GE energy division plant in Schenectady, New York, is part of a renewed effort in the new year to focus attention on parts of the economy that are working, including companies manufacturing goods for export.

The plant was in the spotlight during President Obama's Asia trip last November. It is manufacturing power-turbines that are being exported to India and other countries under a package of deals announced in India.

Watch Mil Arcega's Companion TV Report:

After touring the plant, the president said it represents America's creative and innovative potential in an economy facing intense competition from around the world. "America is still home to the most creative and the most innovative businesses in the world.  We've got the most productive workers in the world.  America is home to inventors, and dreamers, and builders, and creators," he said.

Mr. Obama announced he is appointing the Chief Executive Officer of GE, Jeffrey Immelt, to head a new Council on Jobs and Competitiveness.  Immelt was previously a member of a special presidential advisory panel on economic recovery.

Introducing the president, Immelt noted that 90 percent of the products at the factory are exported. "We know at GE the future is given to no one, we have to compete, we have to win, and I know that this team can compete with anybody in the world, we can absolutely do what it takes," he said.

Mr. Obama's visit came a few days before his State of the Union speech next Tuesday likely to focus on the need for innovation in the U.S. economy if it is to remain competitive on a global stage with countries such as China and India.

The president also referred to his just-completed talks in Washington with China's President Hu Jintao.  The administration announced $45 billion worth of business deals during Chinese leader's visit.

"We struck a deal to open Chinese markets to our products.  They're selling here, and that's fine, but we want to sell there.  We want to open up their markets so that we [have] two-way trade and not just one-way trade," said Mr. Obama.

The president also pointed to the successful negotiation of a free trade agreement with South Korea, saying it will support more than 70,000 American jobs.

With the nation's unemployment rate still stuck well above nine percent, President Obama also used his remarks in Schenectady to focus on growth in the economy, including the addition of more than one million jobs.

However, the president said again that he knows millions of Americans are still out of work, and growth is not yet rapid enough to make up for the damage caused by the recession.

You May Like

Ukraine Purges Interior Ministry Leadership With Pro-Russian Ties

Interior Minister Avakov says 91 people 'in positions of leadership' have been fired, including 8 generals found to have links to past pro-Moscow governments More

US Airlines Point to Additional Problems of any Ebola Travel Ban

Airline officials note that even under travel ban, they may not be able to determine where passenger set out from, as there are no direct flights from Liberia, Guinea or Sierra Leone More

Nigerian President to Seek Another Term

Goodluck Jonathan has faced intense criticism for failing to stop Boko Haram militants 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.
Talks to Resume on Winter Gas for Ukrainei
X
Al Pessin
October 25, 2014 4:21 PM
Ukrainian and Russian officials will meet again next week in an effort to settle their dispute over natural gas supplies that threatens to leave Ukraine short of heating fuel for the coming winter. VOA’s Al Pessin reports from London the dispute is complex, and has both economic and geopolitical dimensions.
Video

Video Talks to Resume on Winter Gas for Ukraine

Ukrainian and Russian officials will meet again next week in an effort to settle their dispute over natural gas supplies that threatens to leave Ukraine short of heating fuel for the coming winter. VOA’s Al Pessin reports from London the dispute is complex, and has both economic and geopolitical dimensions.
Video

Video Smugglers Offer Cheap Passage From Turkey to Syria

Smugglers in Turkey offer a relatively cheap passage across the border into Syria. Ankara has stepped up efforts to stem the flow of foreign fighters who want to join Islamic State militants fighting for control of the Syrian border city of Kobani. But porous borders and border guards who can be bribed make illegal border crossings quite easy. Zlatica Hoke has more.
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 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 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.

All About America

AppleAndroid