Feb 17, 2012 6:00am

Boeing Boing: Obama Visits Plane Maker to Push US Manufacturing

gty boeing factory jp 120217 wblog Boeing Boing: Obama Visits Plane Maker to Push US Manufacturing

(Image Credit: Ron Wurzer/Boomberg/Getty Images)

EVERETT, Wash. — Before a backdrop of the newest American-made Boeing passenger jets, President Obama Friday announced a series of steps aimed at boosting U.S. manufacturers, while harnessing their momentum for political gain.

Obama, on the final stop of his three-day swing through California and Washington, toured a Boeing production facility here and spoke to a crowd of several hundred workers inside the final assembly building for the company’s new 787 Dreamliner.

“Here at Boeing, business is booming,” he said. “This company is a great example of what American manufacturing can do.  And the impact of your success goes far beyond the walls of this plant.  Every Dreamliner that rolls off the assembly line here in Everett supports thousands of jobs in different industries all across the country.”

Boeing has become a poster child for a thriving manufacturing sector and American export business, and one Obama used to highlight a battery of steps he believes will help nudge large and small businesses to achieve similar success.

“If we want an economy that’s built to last, we have to do everything we can to strengthen American manufacturing, and make it easier for companies like Boeing to create jobs at home and sell their products abroad,” Obama said.

Obama is directing the Export-Import Bank, which helps finance U.S. companies that want to sell their goods abroad, to more aggressively support firms that face competition from foreign businesses unfairly subsidized by their governments in violation of “international disciplines.”

As part of that effort the Bank will also launch a new pilot program for small businesses, providing 6-12 month loans of up to $500,000 to help them grow their exports, officials said Thursday night.

Short-term financing is “the most critical spot and where commercial banks frequently don’t want to lend,” said Fred Hochberg, chairman and president of the Export-Import Bank, explaining why the financing will help.

Some of Obama’s “announcements” are less substantive, including a rhetorical push to reauthorize financing for the Export-Import Bank, which expires in May or sooner, a plan to streamline paperwork for companies seeking to take advantage of foreign trade zones to reduce their tax burdens, and a new website that will serve as a clearinghouse for government resources for exporters.

Manufacturing, which Obama underscored in his State of the Union Address last month, is increasingly part of his pitch for a second term. And thanks in part to Boeing, the sector is undergoing a revitalization that is helping him make the case.

In 2010, Obama set a goal of doubling American exports in five years — a goal his administration says the country is on track to meet two years in.

“We keep hitting this target month after month, consistently,” said Hochberg. “We keep hitting a new high for exports.”

Last month alone, Boeing announced the single largest airplane order ever from any airline, a $21 billion deal for 230 737-aircraft by Indonesia’s Lion Air. It’s expected to support thousands of American jobs.

READ MORE: Fact Check – Obama and the Resurgence of American Manufacturing

This post has been updated from an earlier version.

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User Comments

This is an insult. After bullying Boeing to abandon their production plans in SC, this pompus, arrogant little man has the audacity to actually show up at the plant to promote US manufacturing? His totalitarian iron fisted approach to Boeing in SC means that every manufacturing concern in the US will think twice about expanding within the US. Better to build a new plant in a foreign country than face the gestapo tactics so favored by the Obama Administration.

Posted by: BubblerDad | February 17, 2012, 7:36 am 7:36 am

If there are any new jobs, it is in spite of Obama, not because of him. For him to stand in the Boeing plant after what they did is rediculous.

Posted by: Rafe | February 17, 2012, 7:47 am 7:47 am

“If there are any new jobs, it is in spite of Obama, not because of him.” …and if there were any lost jobs they would be because of Obama, not in spite of him. I’m beginning to get it now.

Posted by: sameagain | February 17, 2012, 8:22 am 8:22 am

I knew the NLRB didn’t have a chance in hell of winning their suit against Boeing in court when all the know-it-all Left wingers were whining right here on this ABC board. I bet right. I bought Boeing at $58.59 last summer….up to $75 now. Obama is a genius. Yeah right!

Posted by: newcountryman | February 17, 2012, 8:33 am 8:33 am

So how much do you guys get paid? I could use some extra cash.

Posted by: Tina | February 17, 2012, 8:34 am 8:34 am

The unions made out pretty good on the GM deal. The rest of the country took it on the chin but at least the unions got there’s.

Posted by: jackson | February 17, 2012, 8:36 am 8:36 am

It looks like Boeing is happy with our Phi Beta Kappa,summa cum laude President.He is intelligent enough to know how to grow our economy-the great news over the last month shows that he has fixed our economy,despite having a Congress run by Republicans.It is too bad Rafe’s racism will not let him see the great job Mr. Obama is doing.I just hope he doesn’t let the Catholics off the hook for dening women birth control.Stand fast,Mr President-the people are with you.

Posted by: Gobama | February 17, 2012, 8:38 am 8:38 am

Good Gushing Gobama….do you ever change your tune? He still puts his pants on one leg at a time.

Posted by: newcountryman | February 17, 2012, 8:48 am 8:48 am

Stock market loves all this hype about mfgr therefore I love all the hype also. You should be making serious money these days. Now, when does it stop? Keep an eye on GM. From Cheat Sheet: “Analysts appear increasingly negative about GM’s results for the next qtr. Average estimate has moved down from 97 cents/share to 86 over the last 90 days.” If you are more interested in your money rather than hype, you can read other comments about GM’s stiff competition, etc, in the near future. Do we have another Solyndra on our hands? Will see.

Posted by: choppy seas | February 17, 2012, 8:54 am 8:54 am

Despite all the hype recently, GM is far from out of the woods.

Posted by: newcountryman | February 17, 2012, 9:00 am 9:00 am

gobama wrote:”Anyone have a extra pair of Depends super absorbent?”
.
They have all been bought up by all the so-called “news” reporters covering the oBama 24×365 campaign…. you never know when you are going to get a tingle down your leg.

Posted by: Michelle Shu Jas | February 17, 2012, 9:19 am 9:19 am

“THE RIGHT-WHINER RULE # 1:
If it’s a bad thing…blame Obama…
If it’s a good thing…. say that Obama had nothing to do with it.” – FGIDAR

They are probably trying to counter the Loonie Left Whiner Rule #1
If it’s a bad thing…blame Bush…
If it’s a good thing…. say that Obama had everything to do with it.

“Despite all the hype recently, GM is far from out of the woods.” – newcountryman

So true.

Posted by: Noz | February 17, 2012, 9:21 am 9:21 am

If there are any new jobs, it is in spite of Obama, not because of him.

Posted by: Rafe | February 17, 2012, 7:47 am 7:47 am

Exactly right!

Posted by: Susan | February 17, 2012, 9:22 am 9:22 am

Forrest…. Do you believe if you say it often enough it becomes the truth, like hope and change or oil production is up, manufacturing jobs are increasing, or happy times are here again. What about GE outsourcing their airplane engines to be manufactured in China. Oh that’s Jeff Immelt
I forgot, advisor to the President on job creation in THiS country.

Posted by: Lizzie | February 17, 2012, 9:33 am 9:33 am

Lizzie, I doubt that FIGDAR will respond to the GE outsourcing dealio.

Posted by: Noz | February 17, 2012, 9:41 am 9:41 am

Does this man have no honor.?

Posted by: Freedom | February 17, 2012, 9:48 am 9:48 am

Posted by: Lizzie | February 17, 2012, 9:33 am 9:33 am

Forrest doesn’t know the first thing about how to create a job. He prefers whining about Bush and letting others do the hard work.

Posted by: Susan | February 17, 2012, 9:50 am 9:50 am

Freedom (9:48 AM); Honor? He’s a politician! In fact, it’s about all he’s ever done besides dabbling a few years in law.

Posted by: newcountryman | February 17, 2012, 10:08 am 10:08 am

I like Obama. My life has gotten 10,000 times better since 2009…FACT. Before that I was attacked by our own banking systems increasing their rates nilly willy for no reason but pure greed. Didn’t get a solution until Obama passed a bill & I was able to pay it all off at sane interest rate. In 1 year it will be paid off. If we still lived in the Bush era of things it would of taken m,e 99 years to pay off. That’s huge. It means everything to me. To go back to GOP thinking would be insane! At least I’ll have the credit card debt paid off by that time & won’t use them & just watch the GOP run the country into the ground JUST LIKE 2000-2008….remember those years? I do & a black cloud appears …..All GOP does is lie & fill people full of fear. It’s a good strategy I guess, but it’s something that works better in the past then the future. Thank you Obama. Let’s drink a beer. You’re good for the people. CEOs might differ, but this Engineer thanks you from the bottom of my heart. My life is less stressful with the huge debt gone. You probably saved me from a heart attack … that’s huge. THANK YOU!

Posted by: America#1again | February 17, 2012, 10:57 am 10:57 am

If only he could have met another one of his promises: to cut the deficit in half within four years. Folks, it WILL NOT happen on his watch.

Posted by: s | February 17, 2012, 11:11 am 11:11 am

What’s really happening is since the government is gridlocked, the economy is simply crawling back all on its own, as usually happens after a sharp downturn, and as many economists predicted it would. The problem is at this rate of growth we won’t be back to full employment until about 2019, and with more pressure on government services and lower revenues the debt is going to skyrocket. The Republicans are determined to block any further stimulus efforts while their own proposals, spending cuts and austerity, have killed economic growth and exacerbated high unemployment wherever they’ve been tried, and all their proposed further massive tax giveaways to corporations and the wealthy can never be paid for, running up even higher deficits and debt.

Posted by: face the music | February 17, 2012, 11:16 am 11:16 am

Forrest: They get mad that you post data directly from the source. I crack up that they don’t counter anything with facts and figures with a documented source but complain about cut and paste, you get your stuff directly from the source, FACTS. I got one on here saying the Bush Tax cuts increased revenues but it did so temporarily, when we got to the great recession our revenues received were declined substantially lower than year 2000 in terms of REAL dollars and and we didn’t have homeland security and its 200,000 added employees, medicare part D, and 2 wars. Notice the tax revenue increased during our war time, big money makers of the military industrial complex war tax revenues.

Posted by: emerald_sparks | February 17, 2012, 11:18 am 11:18 am

S: What causes increase deficits? LESS tax revenues, increase spending, higher proportion interest rates, this Potus first budget , he spent 61 billion less than GWB’s last budget but deficit his first deficit higher, you’re assuming the rest of us don’t have 3rd grade math skills. One can remove safety nets (OWS would triple and one can say good bye to this democracy), remove education, but for this economy to operate, infrastructure technologically and physically needs upgrades, they haven’t been upgraded to keep up with the 21st century and many bridges are lacking safety. Military becomes increasingly expensive for upkeep and technology advances in it require an extremely educated loyal to the U.S. American citizens to maintain our superpower status. Manufacturing is also leaving China because of corporate espionage, they can make start up companies stealing technology from these companies.

Posted by: emerald_sparks | February 17, 2012, 11:27 am 11:27 am

Emerald/Green Godless -Forrest: They get mad that you post data directly from the source. I crack up that they don’t counter anything with facts and figures with a documented source but complain about cut and paste, you get your stuff directly from the source, —-I’ve seen plenty of posts that counter his argument with documented facts. It’s just that he posts the same four or so posts over and over and over and over…ad naseum…It gets OLD to sit here and continue to counter his blather..

Posted by: Roy Bean | February 17, 2012, 11:38 am 11:38 am

ROY BEAN: “I’ve seen plenty of posts that counter his argument with documented facts” I don’t see any on here, I rarely see them, and if so, they are usually from a conservative site instead of a direct the source FDSYS, BLS, or CBO.

Posted by: emerald_sparks | February 17, 2012, 12:44 pm 12:44 pm

Lets see, the American people own 26% of GM. Are we going to get some profit sharing? We did not GM pay back the money they still owe us. What a bogus aministration

Posted by: Jim Rod | February 17, 2012, 12:51 pm 12:51 pm

I don’t see any on here, I rarely see them, and if so, they are usually from a conservative site instead of a direct the source FDSYS, BLS, or CBO.

POSTED BY: EMERALD_SPARKS—So you are saying that you are in here ALL THE TIME? Thats all I need to know…

Posted by: Roy Bean | February 17, 2012, 12:52 pm 12:52 pm

All talk……..and……. a lot of hot air!

Obama is a fraud……and people need to wake up to reality.

Posted by: Rick McDaniel | February 17, 2012, 1:20 pm 1:20 pm

Same small group of right wing whiners in here again. All the while the economy improves, the President’s approval ratings rise and the Republicans embarrass themselves.

Posted by: Art | February 17, 2012, 1:23 pm 1:23 pm

He is pushing for manufacturing jobs as long as it is where he tells them they can build and who they can hire.

Posted by: Freedom | February 17, 2012, 1:36 pm 1:36 pm

It’s amazing; the President is out there pushing manufacturing and jobs. The republicans are holding hearings on contraception. Do the American people think that women’s contraception is more important than jobs?

Posted by: tmferretti | February 17, 2012, 1:46 pm 1:46 pm

Posted by: Art | February 17, 2012, 1:23 pm 1:23 pm

What exactly have you done to improve the economy? You’re willfully unemployed and live off taxpayers. You’re part of the problem, not the solution. You’re hardly a role model for successful Americans.

Posted by: Bill | February 17, 2012, 2:08 pm 2:08 pm

It’s amazing; the President is out there pushing manufacturing and jobs. The republicans are holding hearings on contraception. Do the American people think that women’s contraception is more important than jobs?

Posted by: tmferretti | February 17, 2012, 1:46 pm 1:46 pm

Is that the hearing on contraception where the Republicans aren’t having any women testify? There’s some fair thinking for you.

Posted by: Art | February 17, 2012, 2:11 pm 2:11 pm

ART

Yep

Two women on the House committee walked out because no women were represented on the panel.

Posted by: tmferretti | February 17, 2012, 2:27 pm 2:27 pm

When Right Wingers can’t deny the facts, they attack the messenger. “Obama is a fraud.” In light of our improving economy, what the heck does THAT mean?

Just look at Republicans in Congress and Republican Governors – no way they can convince the Middle Class that a decade of Trickle Down economics was good for all of us, so instead we watch hearings on Birth Control and a veto on same sex marriage. The Republican message to women of America: use aspirin for birth control. Vote them gone.

Posted by: green.goddess | February 17, 2012, 8:07 pm 8:07 pm

green.goddess wrote:”“Obama is a fraud.” In light of our improving economy, what the heck does THAT mean?
.
It means that after $5 TRILLION of borrowed money we have an “improving” economy. oBama’s proposed budget continues that with the largest deficits…. ever….. the largest debt… ever…. and the largest tax increases…. ever. So yes, oBama is the largest fraud…. ever. Thats what the heck THAT means.

Posted by: Michelle Shu Jas | February 17, 2012, 11:09 pm 11:09 pm

Michelle, the “largest debt ever” is completely due to President Obama? Absolutely, completely WRONG.

In 2001, President George W. Bush inherited a surplus. Then, starting in 2002, the budget went into deficit due to Republican policies. Seven years later, just before President Obama took office, the budget office projected a $1.2 TRILLION deficit for that year alone..

Yes, President Obama’s stimulus in 2009 and 2010 added to the deficits in those years, but they are mostly temporary. The Obama administration’s spending was designed to boost demand and create jobs, even though doing so worsened the deficit in the SHORT run. What is more important right now is a healthy economy – JOBS. Recessions are killers for tax revenue.

Meanwhile, spending cuts alone will not close the gap. The revenue shortfalls from a decade of Bush era tax cuts are simply too deep to fill with spending cuts alone. Interest alone on the debt accumulated during the Bush years is HUGE. President Obama is right – our tax revenues need to go up, including the wealthiest paying their fair share.

Watching Right Wingers define this as “fraud” is one more reason why they will lose the White House.

Posted by: green.goddess | February 18, 2012, 1:11 am 1:11 am

The revenue shortfalls from a decade of Bush era tax cuts are simply too deep to fill with spending cuts alone. Interest alone on the debt accumulated during the Bush years is HUGE. President Obama is right – our tax revenues need to go up, including the wealthiest paying their fair share.

Posted by: green.goddess | February 18, 2012, 1:11 am 1:11 am

President Obama, a Democrat, renewed the Bush tax cuts when Democrats controlled both chambers of Congress. President Obama made use of these tax cuts to save himself $100,000 on his 2010 taxes. That’s a pretty huge tax cut for someone who has no living expenses, don’t you think? That $100,000 sure would come in handy for deficit reduction, eh?

Why would President Obama renew the Bush tax cuts if they would be responsible for revenue shortfalls? Are you saying that Obama is an idiot for doing the same thing Bush did?

Posted by: Mary | February 18, 2012, 9:07 am 9:07 am

“In 2001, President George W. Bush inherited a surplus.”

Posted by: green.goddess | February 18, 2012, 1:11 am 1:11 am

No he didn’t. If you ever bothered educating yourself by visiting the US Treasury Department website instead of mindlessly repeating leftist propaganda you’d know the “Clinton surplus” is a myth. The national debt never decreased under Clinton. Even in Clinton’s best year there was a $17.9 billion deficit, and it was only that low because a lot of fiscal conservatives were in power at the time.

Posted by: Libs Are Hypocrites | February 18, 2012, 11:04 am 11:04 am

green.goddess @ 1:11 AM
.
Tell us when oBama’s “smart” policies begin to bend the curve on the debt. You can’t tell us because oBama can’t tell us…. because his policies don’t. He has taken everything that you mindless lefties constantly complain about re: President Bush…. and doubled down on it. He play you all for the fools that you are.

Posted by: Michelle Shu Jas | February 18, 2012, 11:24 am 11:24 am

LIBS ARE HYPOCRITES | FEBRUARY 18, 2012, 11:04 AM posted: “…the “Clinton surplus” is a myth.”

To be clear, I described Clinton’s BUDGET SURPLUS, not the national debt. According to the Congressional Budget Office and Fact Check, a BUDGET surplus was reported between the years 1998 and 2000, the last three years of Clinton’s presidency. I know this first hand because my company benefited from the booming economy and big gains in the stock market from capital gains and new salaries.

No matter which President presided over adding to the national debt, there’s only ever been one way out of the ditch: higher employment. Economies don’t function when people are unemployed. Higher employment means higher GDP.

Right Wingers need to worry less about Obama’s short term budget deficits and more about unemployment and underemployment to bring down the national debt. By the way, what exactly is the Republican big picture plan for creating jobs? More tax cuts for the wealthy?

Posted by: green.goddess | February 18, 2012, 8:27 pm 8:27 pm

POSTED BY: MARY | FEBRUARY 18, 2012, 9:07 AM: “Why would President Obama renew the Bush tax cuts if they would be responsible for revenue shortfalls?”

Mary, surely you recall in 2010 legislation extending the Bush era tax cuts was negotiated between the White House and Congressional Republicans. In exchange for continuing the Bush tax cuts for 2 more years, the President succeeded in extending unemployment benefits; the payroll tax cut for working Americans was also included in the bill.

So the question, once again, comes around to why do Republicans refuse to increase taxes for the wealthiest Americans after a decade of these policies clearly resulted in revenue shortfalls?

Posted by: green.goddess | February 18, 2012, 9:58 pm 9:58 pm

So the question, once again, comes around to why do Republicans refuse to increase taxes for the wealthiest Americans after a decade of these policies clearly resulted in revenue shortfalls?

Posted by: green.goddess | February 18, 2012, 9:58 pm 9:58 pm

In December 2009, Obama had Democratic majorites in both chambers of Congress. He didn’t need Republicans to do anything. He renewed the Bush tax cuts and happily took advantage of them himself to save $100,000. He could have led by example and voluntarily sent the money back to Treasury, but he didn’t. He’s a hypocrite just like his supporters.

History has shown us that it doesn’t matter how much tax revenue collected. Government ALWAYS spends more. The problem is excessive spending beyond tax receipts and a total lack of receipts from millions of Americans who get government benefits but don’t pay any federal income taxes (the leeches). You could confiscate all of the wealth of the top earners but it wouldn’t amount to much and you’d only get a chance to do it once because I guarantee you they’ll all stop working after that. What would be the point? Then where would your precious tax revenues come from? Obama’s Stash?

I’d prefer a simpler tax system and the elimination of all tax deductions. That would be fair. Today it’s not fair that Americans who live in apartments and mortgage-free homes pay for your mortgage interest deduction. Everyone needs to pay into the federal income tax system. Everyone needs to feel the sting of taxes and question if they are getting their money’s worth. Everyone needs to demand that government be fiscally responsible. Only then will this insane debt problem get resolved.

Posted by: Mary | February 18, 2012, 11:27 pm 11:27 pm

“You could confiscate all of the wealth of the top earners but it wouldn’t amount to much and you’d only get a chance to do it once because I guarantee you they’ll all stop working after that.”

Mary, the wealthiest people don’t need to work. Their money is made from investments. The wealthiest people in the US (called High Net Worth Individuals or HNWI) numbered 2.9 million in 2009. That’s well under 1% of US citizens. Their investible assets totaled $12.09 TRILLION – beyond houses, cars, jets, and yachts.

During that same year, 2009, the total US budget deficit was $1.7 trillion. If we had levied a one-time emergency tax of 15 % on only the HNWI’s investible assets, it would have erased the entire 2009 deficit. That’s not likely to happen, but it’s a stunning example of just how much a tiny percent of Americans – like hedge fund managers and private equity investors – actually earn.

If all the Bush tax cuts finally expire as scheduled at the end of 2012, future deficits would be cut by about half. Next, a healthy budget requires more jobs to improve tax revenue. Government can help by spurring demand and creating jobs, even though doing so worsens the deficit in the short run.

Since the majority of our country’s spending is on Social Security and Medicare, cuts alone are not enough. The revenue shortfalls are simply too deep. Taxes have to go up.

And, in future decades, when an aging population costs more, deficits are projected to be much worse than they are now. Our government will need to work out a combination of sensible spending, effective health care reform, and more taxes.

Posted by: green.goddess | February 19, 2012, 1:51 am 1:51 am

mary @ 11:27 pm
.
First thing I would do is outlaw withholding. Let everyone receive their full pay. Then write a check at the end of the month. Mortgage/rent payment, electric bill, car payment, FEDERAL TAX payment!!!! I guarantee the federal government would snap to being fiscally responsible in a very short time when people actually have to write a check themselves to fund the federal government. Everything else is just window dressing.

Posted by: Michelle Shu Jas | February 19, 2012, 8:37 am 8:37 am

Mary | February 19, 2012, 12:08 pm posted: “I’m truly shocked you failed to mention that the dubious source of your information is Richard D. Wolff, a Marxist economist.”

Actually Mary, the info comes from global research firm CapGemini. This firm also provides research data for investment groups who target HNWI. Just because Wolff also builds his argument on CapGemini data, it does not automatically connect the dots from proposed higher tax rates to (scary!) leftist Marxism.

There is a wide range of centrist American voters, leaning left AND right, who agree it’s time for a return to higher taxes without embracing the Tea Party or Communism.

If find it to be a disturbing pattern that when Right Wingers cannot dispute reality, the solution is to attack the messenger.

Posted by: green.goddess | February 19, 2012, 12:31 pm 12:31 pm

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