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

(Xinhua)

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.

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