Obama says U.S. on track to doubling exports

By Agence France-Presse
Saturday, February 18, 2012 9:17 EDT
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President Barack Obama speaks to students about his 2013 budget at the Northern Virginia Community College in Annandale, Virginia. Obama Monday proposed a $3.8 trillion budget brimming with populist tax hikes on the rich and jobs spending designed to outmaneuver Republicans as he takes aim at reelection. (AFP Photo/Win Mcnamee)
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US President Barack Obama said Saturday his administration was headed toward fulfilling its commitment of doubling US exports over five years and promised to reward businesses that created jobs at home with tax breaks.

“Two years ago, I set a goal of doubling US exports over five years,” the president said in his weekly radio and Internet address. “And we’re on track to meet that goal – ahead of schedule.”

The comments came after Obama visited a Boeing manufacturing facility in the northwestern state of Washington, which he hailed as an example of revitalized industry.

At the end of a three-day tour that focused on US industry and fundraising for his November reelection bid, Obama promised not to stand by when US competitors don’t play by the rules, and benefit from what he called “unfair” trade practices.

In a cavernous Boeing hanger, Obama praised the company’s new Dreamliner aircraft, which made its first commercial flight in October and is now getting a string of orders from around the world after years of delays that cost the firm billions of dollars in lost or delayed orders.

The president repeated his praise of Boeing in his address, holding up the company as an example of a competitive business.

“Companies like Boeing are realizing that even when we can’t make things cheaper than China, we can make things better,” Obama said. “That’s how we’re going to compete globally.”

The president also said he was against giving tax breaks to companies that ship out American jobs to other countries.

“It’s time to stop rewarding businesses that ship jobs overseas, and start rewarding businesses that create jobs here in America,” he said. “And Congress should send me that kind of tax reform right away.”

Agence France-Presse
Agence France-Presse
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