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Obama: Government Will Do Its Part, but Business Must 'Make Mark' in U.S.

4 years ago
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It's a two-way street to prosperity, President Obama told U.S. businesses on Saturday. Government has an obligation "to make sure that America is the best place on Earth to do business," but companies in turn "should make their mark" in this country.

"They should set up shop here, and hire our workers, and pay decent wages, and invest in the future of this nation," the president said in his weekly address. "That's their obligation."

Obama, echoing pro-business themes from his State of the Union speech, said the federal government will offer tax credits and financing opportunities, while also helping to maintain first-rate schools, incentives for innovation and a strong infrastructure.

Obama is expected to keep promoting more innovation and development of new skills for American workers in a speech next week to the U.S. Chamber of Commerce and later during a trip to Marquette, Mich.

He said the drop in the January jobless rate was a sign that "we're continuing to move in the right direction," but "we need to get there faster."

"We have to realize that in today's global economy, the best jobs and newest industries will take root in countries with the most skilled workers, the strongest commitment to research and technology and the fastest ways to move people, goods and information," he said. "To win the future, America needs to out-educate, out-innovate and out-build the rest of the world."

Republicans also focused on the economy -- and Obama's plans for it -- in their weekly message. Rep. Jeb Hensarling (R-Texas) said the president wanted to extend a "spending binge" in Washington. Hensarling said he appreciated Obama's "can-do" rhetoric, but "my questions for the president are these: Mr. President, how does spending us down the road to national bankruptcy help us 'win the future?' And Mr. President, how does borrowing even more money from the Chinese make us more competitive?"

Watch Obama's address from the White House.

Tagged: dailyguidance

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We have about 85% more government than we need. Government jobs do not count as jobs created because they are paid for by American taxpayer.

February 26 2011 at 7:05 PM Report abuse rate up rate down Reply

January 2011 - 187,000 jobs added. Just last night the Nightly Business Report said that the Dow is soaring because our manufacturing sector is at a six year high. They also report weekly where the jobs are being created -It is time to acknowledge that President Obama and his administration and legislation is indeed working. GOD BLESS PRESIDENT OBAMA

February 08 2011 at 12:36 PM Report abuse +2 rate up rate down Reply

When is oduma going to learn? Business is not interested in getting involved in any of his stupid policies! All this idiot wants to do is raise taxes and take money for health care! As long as business owners don't see any profits to be gained, they won't get in the game! Sorry, but as a business owner, you are not here to serve people for free, but rather to make a profit, for whatever services or products we sell. Like it or not, that's what business is for. Always has been, always will be! Before you start grumbling about free markets and so on, just remember this...when you work, to earn a check, you're taking part of this evil free market! When you decide to work for free, then come whine and grumble to me!!

February 07 2011 at 4:43 PM Report abuse -1 rate up rate down Reply

I am a conservative republican tea-bagger. I am not an economist but I have some basic common sense. Amy one who has gone to business college likely knows some economics. That said, Milton Freedman (renown economist) taught the basic economic principle that “free markets balance”. Remember Ross Perot? He said, “If you vote for Clinton or Bush and you will hear a giant ******* sound of jobs and money leaving the country“. He was talking about NAFTA and WTO. That is exactly what has happened and what is happening now. It takes time to bankrupt the wealthiest country on the planet. Free trade is not fair trade that is why GATT imposed tariffs. Unrestricted free trade with 3rd world countries can only result in Americas economic demise as it adjusts to balance with the 3rd world countries economies. Bill Clinton started NAFTA in 1994 and turned the USA into a “Multilateral Free Trade Area” as we scrapped GATT and joined the WTO in 1995. WTO replaced GATT which was in use from 1943-1994 (Americas most profitable trade record in history). Clinton welcomed China into WTO in 2001. Bush 2 blessed us with CAFTA in 2005, and Obama is a self proclaimed “free trader”. This free market experiment has failed horribly and is the real cause of Americas economic devastation! It created Wal-Mart as it destroyed the once unwavering America manufacturing and resale industries. This free market experiment is financed by Corporate America who bought our Politicians and lobby for open markets. The poor countries that we trade with have enjoyed unprecedented prosperity as America goes broke. It's that nasty ******* sound of free markets balancing. The USA deficit grew from 100-billion in 1997, to 750-billon in 2006. The USA debt skyrocketed from 2-Trillion in 1982 to 14-Trillion in 2011. The fall of Americans economic power is welcomed in with a flood of cheep consumer goods and ends with lost jobs, lower wages and lost tax revenue, as Americas wealthiest companies move overseas to profit from cheep labor, loose laws and lower taxes. Our politicians owe their jobs to these traitor companies and they adjusted legislation for their gain, which happens to be Americas loss. Politicians including Obama, won't touch this one because it means one more loss job, theirs. Warren Buffett said: "The U.S trade deficit is a bigger threat to the domestic economy than either the federal budget deficit or consumer debt and could lead to political turmoil... Right now, the rest of the world owns $3 trillion more of us than we own of them."

February 07 2011 at 11:08 AM Report abuse -1 rate up rate down Reply

If Obama really feels this way, why doesn't he allow the American people some freedom to do the business they need to do? Stop spending, stop regulating and legislating and promote for the greater good of the people. He contridicts himself constantly, that's why it's hard for me to believe in him. What he says and what he ultimately does or has Congress do, are opposites. I don't know him personally, so I only have this personna in front of the camera and what I see happening, I think, is destructive and does not promote, what did he say, "more innovation and development of new skills for American workers." How can you, the businessowner, be innovative when you are regulated to death, or forced to do things the government mandates you to do? That's not freedom for a businessowner. It is not the job of a businessowner to babysit it's workers. It is the worker who supports the business they work for and to help make the profits it needs to continue to grow and produce. Somehow, employers have become babysitters for disgruntled employees who think, no, believe, that the owner owes them something. When did the idea that we are responsible for our own success go away? A businessowner can't fire someone for not doing their job without fear of a law suit of some sort. It's very restrictive and it's no wonder some business's leave and go away.

February 07 2011 at 10:37 AM Report abuse rate up rate down Reply

Why should business expand or stay in America? America has the highest corporate, business,tax in the world,toughest environmental regulations,highest labor costs in the world, poorly educated work force and a proven anti business administration? WHY?

February 06 2011 at 8:00 PM Report abuse +1 rate up rate down Reply

If government would just butt out and let the business folks do what they do best a real recovery would happen very quickly. Not overnight but quickly

February 06 2011 at 6:06 PM Report abuse +2 rate up rate down Reply

I read all this babble (comments) but it's obvious that most of you don't own a business. If our government officials would take the time to talk to us business owner's they just might realise that it's the government that's the problem. No, I guess not since we little people don't have the cash to pay them off.
Read the new health care law and see all the bs that's loaded into it that has nothing to do with health care. Just new regulations that kill small business. Then look at the 700+ organizations that got exemptions.... hummmm... very slanted.
Ask why did industries leave the US? Cheap labor... NOT? More bs... I can build a factory outside the US at a fraction of the cost (less regulations) and much less Taxes. And why do some industries stay here? Exemptions! So the real burden is placed on the little guys that can't pay for it anymore.
American's must wake up and observe what's going on rather than listening to the so called expert's BS. Under the watchfull eye's of these experts China has managed to buy up all the precious metal mines around the world. Any idea what that means to our future?
So far the Obama admin has only made things worse for small business. Either he is a total idiot along with his advisors or it is his real intent to kill off small business which means he's just a big lier! The bottom line is Actions Speak Louder Than Words. My advice, stop listening to these fools and watch what's going on around you.

February 06 2011 at 12:04 PM Report abuse +10 rate up rate down Reply
1 reply to ROBERT's comment

Amen to that. I am a small biz owner as well and until someone owns one they need to keep their mouth shut. I just wanted to add to your statment the ourdated labor laws that we have to work with. Many were created in the 30s for Rosie the Riveter and never updated to fit the modern era. I do not see why a Biz should be critized for going elsewhere to make a bigger profit. Thats why they are in boz for , not to feed the unions and government

February 06 2011 at 1:18 PM Report abuse +6 rate up rate down Reply

I think it's more the case that people - and businesses - have been sitting on their surpluses saving their money out of fear of what Obama would do next. Now that the Republicans are back in and he has been neutralized they are more willing to take chances and invest. You know why the car industry got into trouble after Obama took over? PEOPLE STOPPED BUYING CARS. It's the same all over the country.

February 06 2011 at 8:45 AM Report abuse +14 rate up rate down Reply

The problem with BO is this. He tells people what HE THINKS they want to hear. NOT what they should hear. Knowing all too well that he cannot deliver it. He wants to spend spend spend. It is as if he has a credit card with an unlimited credit line. What he fails to see is, at the end of the month the bill has to be paid. If not he will never get out of debt

February 06 2011 at 8:38 AM Report abuse +15 rate up rate down Reply

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