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Weekly Address: President Obama's Overseas Trip Focused on Better Relations with Asia and Creating Jobs at Home
WASHINGTON – In this week’s address, President Barack Obama described the progress made during his trip to Asia, and detailed steps the administration is taking to spur job creation. The President explained how increasing exports to Asia Pacific nations can create hundreds of thousands of jobs in America and described the upcoming jobs forum which will host CEOs, labor unions, economists, and nonprofits.
The full audio of the address is HERE. The video can be viewed online at www.whitehouse.gov.
The trade gap must be closed, we must start manufacturing things in this country again. Quality things. We have got to start being the manufacturing center of the world again instead of the administration center. To me, the US being the administration center of the world puts us in a more perilous place than any other national security threat there could be.
The only way that America is going to actually get out of this recession long term is to influence companies to return manufacturing jobs to the US.
Chinese and U.S. regulators are negotiating a pact aimed at encouraging Chinese financial institutions to buy into small and medium-sized banks in the United States, bankers briefed on the plan said on Tuesday.
Chinese bankers have complained that it's been difficult for them to set up branches or invest in banks in the world's leading economy, due partly to U.S. regulators' tough supervision and strict approval process for financial deals.
But the global financial landscape has been revamped by the credit crisis, and cash-rich Chinese banks are now bigger players on the world scene and are scouting around for investment targets.
But as long as the American consumers are willing to buy cheap foreign products rather than more expensive American products, I don't see it happening.
Another issue that would have to be worked out is the unions role in America. I can see a need for a union but at what point does a union begins to hurt the company and its members?
Originally posted by whatukno
The only way that America is going to actually get out of this recession long term is to influence companies to return manufacturing jobs to the US.
To me this means tax cuts for those businesses. Incentives to bring back manufacturing here on US soil.
Corporations in the US have to understand that while yes it's nice to turn a great profit, it's also good to provide jobs to people in this country.