Latest News:  
Beijing   Sunny/Cloudy    3 / -6   City Forecast

People's Daily Online>>World

U.S. President Obama pledges to boost business and bring jobs back


11:45, January 15, 2012

WASHINGTON, Jan. 14 (Xinhua) -- U.S. President Barack Obama reiterated his call on Saturday to make the government more efficient and assist companies to bring jobs back to the U.S. from abroad.

"Right now, we have a 21st century, but we've still got a government organized for the 20th century," Obama said in his weekly radio and Internet address. "Over the years, the needs of Americans have changed, but our government has not. In fact, it's gotten even more complex. And that has to change."

He proposed on Friday to merger six trade and commerce agencies into one to make the federal government more streamlined and efficient. Officials said that 1000 to 2000 jobs would be cut through the attrition.

"These changes will make it easier for small business owners to get the loans and support they need to sell their products around the world," Obama noted, urging the U.S. congress to reinstate the authority that past presidents have had to streamline and reform the executive branch.

Obama brought several U.S.-made products with him for his weekly video today - a padlock, a pair of boots, a candle and a pair of socks - to demonstrate his commitment to boost U.S. manufacturing.

He also repeated his promise to put forward new tax proposals to reward companies that choose to bring jobs home and invest in America, and eliminate tax breaks for companies that move jobs overseas.

Obama met with business leaders on Wednesday to explore the ways to give companies more incentives to bring jobs back to America. He pushed the congress to extend the payroll tax cut this year and vowed to do more.


Leave your comment0 comments

  1. Name


Selections for you

  1. Ma's re-election opens new chances

  2. Pacers beat Raptors 95-90

  3. Jacky Cheung's "Half Century Concert"

  4. Chinese Culture Year closes in Italy

Most Popular


  1. How will HK go through economic difficulties in 2012
  2. US dollar is just a dirty shirt
  3. Factors affecting world economy in 2012
  4. Why Russia's aircraft carrier visits Syrian port
  5. Central grain reserves turn into 'market stabilizer'
  6. A priority for Asia-Pacific shift
  7. Will US decline soon?
  8. High-level visits can boost Sino-US ties
  9. S.Korea, China can pull up from their nosedive
  10. Helping Iran weather a looming storm

What's happening in China

Hong Kong Post to issue special stamps for Year of Dragon

  1. Fireworks may cause PM2.5 to rise
  2. China to establish 68 new national wetland parks
  3. Probe into formula milk after death of baby
  4. 44 arrested over loans in 'the village of BMWs'
  5. China's journalists told to better cover grassroots

PD Online Data

  1. Yangge in Shaanxi
  2. Gaoqiao in Northern China
  3. The drum dance in Ansai
  4. Shehuo in Baoji City
  5. The dragon dance