Obama pledges export support for US businesses
February 17th, 2012
06:06 PM ET

Obama pledges export support for US businesses

Everett, WA (CNN) -– On the last day of a three-day fundraising swing, President Obama stopped by Boeing’s Dreamliner assembly facility in Everett, Washington, to tout his administration’s record on expanding U.S. manufacturing.

Speaking in the largest working building in the world, Obama first commended Congress for coming to an agreement on an extension to the payroll tax cut, announcing he intends to sign the bill as soon as he gets back to Washington D.C.

“Congress did the right thing, and voted to make sure that taxes would not go up on middle-class families at the end of this month,” the president said. “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, and I'm going to sign this bill right away when I get back home.”

Congratulating those gathered in the hanger and those watching his remarks from home, Obama pointed to public pressure as the deciding factor in forcing Congress to pass the extension.

“It is amazing what happens when Congress focuses on doing the right thing, instead of just playing politics,” Obama said.

As for the stated purpose of his visit, the White House announced several new initiatives geared toward helping companies like Boeing finance transactions with foreign entities using the federal Export-Import Bank.

But in his remarks, the president stuck mostly to generalities, calling for reforms to the tax code that would reward corporations that create jobs in the U.S. and for further initiatives to boost domestic manufacturing.

“We can't go back to an economy that was weakened by outsourcing, bad debt, and phony financial profits,” Obama told the crowd. “I want us to make stuff. I want us to sell stuff.”

Voicing a vigorous defense of “government research,” Obama also listed several of the technologies used in the state-of-the-art Boeing jet behind him that wouldn’t have been possible without government funding. He then laid out a refrain that voters are likely to hear many more times in the months ahead. Sounding optimistic about the struggling U.S. economy, the president told the crowd that the economic tide was “beginning to turn our way.”

“Over the last 23 months, businesses have created 3.7 million new jobs. American manufacturers are hiring for the first time since the 1990’s. The American auto industry is back. Our economy is getting stronger. And that's why we can look towards a promising future,” the president said.


Topics: Economy • President Obama • The News

soundoff (24 Responses)
  1. Interested

    Thank you Mr. President. All thinking Americans are appreciative of your many efforts to keep us strong and safe.

    February 17, 2012 at 6:29 pm |
  2. judy

    Obama Biden 2012

    February 17, 2012 at 8:31 pm |
    • Howard

      Obama has been giving the American people's stimulus money to companies who contribute to his reelection campaign.
      It's called corruption, and the American people are being used and ripped off !!!

      February 18, 2012 at 1:18 am |
      • jean2009

        This from 2003-"Should Boeing be Debarred from Federal Contracts?"
        http://www.commondreams.org/news2003/0508-02.htm
        This from the Politics of Contracting 2004

        POGO Comment on Boeing Settlement-
        Pogo Federal Contract Misconduct-2006
        http://www.pogo.org/pogo-files/alerts/contract-oversight/co-fcm-20060515.html
        And this one for good measure.
        http://www.realchange.org/bushjr.htm#insidertrading

        February 18, 2012 at 11:03 am |
      • NOvember 2012

        well Jean...more of your slight of hand. Boeing is one of democratic senator patty murrays strongest backers..you know the one from wa state who is always standing next to obama. She is always touting these huge contracts and yes it is a mess. But boeing is now no friend of obama they are learning what happens when you play ball with leftists.

        February 18, 2012 at 3:20 pm |
      • jean2009

        @November2016?

        No slight of hand...just good common sense.

        Maybe someone should have notified Bush and the Bush administration that you didn't want Boeing or any other American business to survive....but then I doubt if they would have overlook the fact that Boeing creates jobs and offsets our world market deficit. Something which you are handy at doing....with your destroy American jobs attitude.

        FYI American politicians will rightfully back any business that can create jobs and rake in cash sales like Boeing they are not crazy or anti-American like you and Howee.

        Boeing plans to build at this point 797 new 787 at plants in Everett, Washington and North Charleston, South Carolina...I bet people in those cities appreciate the fact those jobs are available.

        http://www.bloomberg.com/news/2012-02-15/japan-air-to-buy-10-new-boeing-787s-raising-total-order-to-45.html

        http://en.wikipedia.org/wiki/Boeing_787_Dreamliner

        February 19, 2012 at 10:48 am |
      • NOvember 2012

        yes and one by one they go broke...BWTH he got the votes.... screw the real working Americans for power...he has no remorse a sociopath.

        February 19, 2012 at 7:22 pm |
  3. jameszgregory

    However, we should expect further worsening on joblessness in the country in the next quarter because of political anxieties in the Middle East, check out an article called High Speed Universities for relation between a degree and job and the pay rate.

    February 18, 2012 at 7:17 am |
  4. Howard

    The Obama spin masters would like us to believe that the economy is bouncing back, but when I go to the grocery store, and I get nothing for my money ... or, when I drive to the gas pumps, and I pay $4.00 a gallon ... or, when I check the sinking value of my home ... or, when my college grad son tries to look for a job ... the truth hits me harder than the spin coming out of the White House. I believe that the only way to save the American economy, is to replace Obama ASAP !!!

    February 18, 2012 at 11:13 am |
    • Bob in Texas

      Howard, it's time for you to go back to school and re-study your economics. The truth of the matter is, there is very little any president can do to manipulate the economy in any direction. The fact of the matter is, we don't want any president to have that kind of power. It makes no more sense to blame Obama for the economy than it does to blame Bush for the crash. To be sure, both could have done better, but they still would only have minimal impact.

      February 18, 2012 at 2:01 pm |
      • Howard

        Amazing how gullible obama stooges keep getting suckered, over and over again, by the ultimate snake oil salesman, barack obama. It would be O.K. if these fools end up getting swindled, except for the fact that their misplaced support for their con man messiah is going to take the rest of us, along with our children, and grandchildren, down with them. it's time to save America, and kick this lying criminal out of the White House.

        February 20, 2012 at 11:35 am |
    • basedbot

      you're and idiot. gas problems? blame OPEC, sinking home value? blame the crooks on wallstreet that devalued your house with bad mortage deals. your son can't fiind a job? tell him to look harder and be wiling to move or sacrifice for lower pay. The fact that you think all of this will sudden change when Obama is taken out of office is a ludicrous an idea as they come. It took years and years for this problem to arise and its going to take years and years for it to be fixed

      February 18, 2012 at 6:34 pm |
      • NOvember 2012

        how about blaming your govt for the housing mess. They facilitated the liberal lending policies and refused proper oversight of the banks and brokerages and even the rating agencies. Doing this created a huge market (brought in a lot of new buyers) and this raised home prices and the rest is history...in effect they created a false market.

        We now have a president who just two weeks ago campaigned with "I will help you refinance your mortgages..for free". Remember he was involved with ACORN and other organizations who collected funding to support these phony loans... So be careful when these politicians use these tactics for your vote.

        February 19, 2012 at 7:20 pm |
    • jean2009

      @Howee....how pitiful your constant whining has become. It would help matters if for a change you could get the facts straight and be honest and truthful.

      From the sound of things if your home has lost value at least you unlike some have not experienced foreclosure. A lot of people are looking for jobs.
      Toughen up man. It is not this president's fault....count it as having been caused by bad choices by the last administration which cut taxes...cut everyone a vote buyingrebate check from the treasury.... and topped it off by borrowing gazillions to pay for two unfunded wars.

      Gasoline prices Ohio – February 19, 2012 for regular $3.07 per gallon.

      Highest national average price for gasoline $4.21 June/July 2008.
      http://detroit.cbslocal.com/2011/02/28/gas-prices-at-highest-level-since-2008/

      February 19, 2012 at 11:13 am |
    • ms

      Replace him with who? I don't hear Santorum talking about the economy...he's too busy taking women back a good 70 years.

      February 19, 2012 at 10:44 pm |
  5. NOvember 2012

    boing....hahaha. Lets look at GM. obama will be using GMs profit posting in his campaign. The real taxpayer bailout for this mess of a company is $75,000,000,000 and they have paid $10 billion back (from cash stimulus funds). They posted a profit because they don't pay interest on debt (they stiffed bond holders), they have a $45,000,000,000 write-off of OLD losses (as a result of the sweetheart bankruptcy deal) and they sold two companies for $1,500,000,000... So,as a result of the 2011 profit each employee receives a $7500.00 bonus...and the govt(taxpayer) can shove it. This is an obama vote buying campaign...and it makes me sick.

    Now GM has 500,000 pensioners and their pensions are largely unfunded what will happen to them...after this election? You will soon find out and it wont be pretty...but obama will get their vote this year...fools.

    February 18, 2012 at 3:15 pm |
    • jean2009

      You didn't seem to have any problems with Bush sending you $600 or $1200 each year from 2001 on.....
      Wasn't that vote buying?
      http://usgovinfo.about.com/library/weekly/aa052701a.htm

      February 19, 2012 at 10:55 am |
    • jean2009

      @November2016?
      Nothing like your inflated numbers....get your facts straight and be truthful.

      The move by GM affects 19,000 salaried "white collar" workers whose retirement plans have been moved to 401K investments. The 10,000 salaried workers hired after 2001 retirement benefits were already in a 401K type retirement investments. Those "white collar" salaried workers who are already retired will see no change in their retirement benefits.

      http://www.msnbc.msn.com/id/46400879/ns/business-autos/
      "GM ending traditional pension for white-collar workers"

      February 19, 2012 at 11:28 am |
      • NOvember 2012

        @jean I'm sorry I was not tailing about that...the recent move by GM to crawl out from under the pension mess they are in. I was talking about current (retired) pensioners ... those you mention are current employees in the defined benefit plans that are being forced into 401k...this was a reach back. The real problem is how GM is going to continue to pay those underfunded pensions of those who are retired now...it is a mess. The union bailout has either just began (for obama votes) or will end soon...and that means these retired workers will suffer in loss of pensions or reductions.

        February 19, 2012 at 7:12 pm |
      • NOvember 2012

        oh....I don't reference any of msnbc's malarkey. Nor do I reference Fox.

        February 19, 2012 at 7:13 pm |
      • jean2009

        @ November 2016 You don't use MSNBC so what! It seems a lot of sources are printing the same story.
        http://www.usatoday.com/money/companies/earnings/story/2012-02-16/general-motors/53113520/1

        And all sources roughly give the numbers the same as I posted....which come no where near your inflated numbers. And it looks like those affected the most are non-unionized workers but "salaried white collar workers".
        http://sweetness-light.com/archive/uaw-freezes-pay-of-non-union-gm-workers

        http://www.timesunion.com/business/article/GM-plans-to-freeze-salaried-workers-pensions-3333414.php

        February 20, 2012 at 8:55 pm |
  6. eric

    What does it take for American workers to learn that their system works on the principle of privatising profits and socialising losses. For the challenged on this site, this means you pay for the profits AND losses, while the top lot makes millions and pays hardly any tax. The voters in that unfair system have yet to learn that nobody, but themselves looks after their interests. Obama made a start, but maybe crucified with the money millionaires spend on drowning out everything that is not to their advantage.

    February 19, 2012 at 12:26 am |
    • jean2009

      Thank you for pointing out facts which too many here want to overlook.

      We would not be in the situation we are today if George W. Bush immediately after 9/11 had shown some intelligence and wisdom....had he gone directly to the American people and stated: "We will not be able to afford a war in Afghanistan and still cut taxes and send each of you a stimulus rebate checks for $600 at this time. Doing so would put us in the position of giving everyone a tax break, and at the same time we will be faced with the need to borrow heavily to fund the conflict facing us which will skyrocket the deficit." I am sure Americans would have asked that the tax rebate be rescinded, and most of Congress would have been willing to forgo a tax cut. Instead he not only didn't go to the American people and Congress then, he did not do so before invading Iraq, or after Katrina. His was certainly the most greedy act ever perpetrated on the future welfare of this nation.

      February 20, 2012 at 8:40 pm |
  7. Roger

    IT's all gone. The American Dream is in the toilet thanks to bad decisions by our government and industry. Discount the Unions which are about at 11% of the American worker that leaves 89% of the work force which has been brought to its knees. The banks have been bailed out due to idiotic greed and encouragement from the government to make bad loans. Education costs put graduates in heavy debt even before entering the work force for years. Home depreciation has diminished a families wealth as being their primary asset. One good thing is the politicans are smiling and corporations have record profits. Finally acheiving a nation of Serfs and Kings. Good job scumbags!

    February 20, 2012 at 9:06 am |