Obama reiterated his commitment to give tax breaks to companies that create jobs in the U.S.

Obama reiterated his commitment to give tax breaks to companies that create jobs in the U.S.

Washington : DC : USA | Feb 18, 2012 at 11:59 PM PST
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Presidential Press Conference on Tax Cuts and Unemployment Extension

"Two years ago, I established the goal of doubling U.S. exports over a period of 5 years. And we are on track to meet that goal, even before time, "the president said in his traditional weekly address.

He emphasized that in the last 23 months, companies have created 3.7 million new jobs and indicated that manufacturing firms are hiring for the first time since the 1990's.

Obama recorded his speech during his visit Friday to the floor of the Boeing aerospace company in Everett, Washington, which was praised as an example of strengthening the U.S. industry.

With his visit to Boeing facilities, which builds the Dreamliner, the newest airliner in the world, Obama ended a 3-day tour focused on U.S. industry and in raising funds for his reelection campaign in November.

The president said his visit to these facilities is "because this is a great example of how we bring back the jobs and manufacturing to the United States" after "the last decades have not been easy to manufacture in this country" .

"The result has been painful for many families and communities," he said.

"The factories in which people thought would retire are closed. Jobs that were the source of a decent livelihood have been sent abroad, "he said.

But Obama emphasized that "this does not mean we have to settle for a less promising future. I do not accept that idea. "

"In America, there is something you can do to create new jobs and new manufacturing and a new security for the middle class," said the president, reiterating its policy of reducing taxes on businesses that create new jobs.

Abdel Fattah Hussein is based in Cairo, Kairo, Egypt, and is a Reporter on Allvoices.
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