Latest News:  

English>>World

Obama urges ending political logjam, bolstering job creation

(Xinhua)

08:26, July 31, 2013

WASHINGTON, July 30 (Xinhua)-- U.S. President Barack Obama on Tuesday proposed a policy framework to help break through the political logjam in Washington and spur job creation in the nation.

During his latest speech focusing on economy in Chattanooga, U. S. state of Tennessee, Obama stressed U.S. policymakers should secure a better bargain for the middle class -- a national strategy to make sure everyone who works hard has a chance to succeed in the 21st century economy.

"Over the past four and a half years, we've been fighting our way back from a devastating recession that cost millions of Americans their jobs, their homes, and their savings -- a recession that laid bare the long erosion of middle-class security, " he said.

"But as any middle-class family will tell you, we're not where we need to be yet. Even before the crisis hit, we were living through a decade where a few at the top were doing better and better, while most families were working harder and harder just to get by," Obama stressed.

Reversing this trend must be Washington's highest priority, said Obama, adding that policymakers should endeavor to achieve a "grand bargain" for creating middle-class jobs.

Over the past four years, for the first time since the 1990s, the number of manufacturing jobs in the United States hasn't gone down. "Now we have to build on that progress. Let's offer new tax incentives for manufacturers that bring jobs back to America, and new tax credits so communities hit hardest by plant closures can attract new investment," Obama suggested.

"I'm willing to simplify our tax code in a way that closes those loopholes, ends incentives to ship jobs overseas, and lowers rates for businesses that create jobs right here in America," he proposed.

"Let's put more construction workers back on the job doing the work America needs done -- vital projects our businesses need," he added.

The nation will keep creating good jobs in wind, solar and natural gas that are reducing energy costs, reducing dangerous carbon pollution, and reducing U.S. dependence on foreign oil. " Now is not the time to gut the investments in American technology that have brought us to this point -- now is the time to double down on renewables, and biofuels, and electric vehicles, and the research that will shift our cars and trucks off oil for good," Obama noted.

"I'm asking Congress for the authority to negotiate the best trade deals possible for our workers along with robust training and assistance measures to make sure our workers have the support and skills they need for good jobs," Obama said.

"We're not lacking for ideas. We're just lacking for action. And for much of the past two years, Washington has taken its eye off the ball when it comes to the middle class," he charged.

We Recommend:

Dachshunds attend annual Wiener Dog Racing

Collective gay wedding held in Mexico City

Best photos of week (July 8 - July 14)

'Temple Collection' on display in India

Bastille Day military parade held in Paris

Indian new recruits attend passiong out parade

Anti-government protest held in Thailand

Mexico's Popocatepetl Volcano spews ashes

Egypt unrest continues in Cairo

Email|Print|Comments(Editor:YaoChun、Zhang Qian)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. 'HK Teenager Military Summer Camp' ended

  2. APF officers and men in actual-combat drill

  3. Global Tiger Day marked in Jakarta

  4. Pretty showgirls backstage at Chinajoy

  5. Women drifting lifeguards team set up

  6. Nations unite to help tigers

  7. Five generations of ancient Miao jewelry

  8. Famous Buddha heads fallen by time

  9. GSK probe reveals something rotten

  10. Complaints rise over baby formula imports

Most Popular

Opinions

  1. Internet: A new world for small town shoppers
  2. China's economy will continue to prosper
  3. Western countries face dilemma on Syrian conflict
  4. Reform, not incentives, to drive expansion
  5. Lenovo reigns as king of the hill
  6. Small exporters need more help to pass tough times
  7. Debate on internationalizing education
  8. Bo Xilai indicted for corruption
  9. China rules out provisional economic stimulus plan
  10. Removal of deposit rate ceiling not imminent

What’s happening in China

Beijing, Shanghai not listed in top 10 happiest cities in China 2013

  1. 38 counties in Guizhou faced with serious drought
  2. Court opens trial over poisoned dumplings
  3. Shanghai take-offs 'free of air traffic restrictions'
  4. Danger in supermarket plastic wrap
  5. Beijing police arrests airport blast suspect