July 7, 2020         
New Black-Founded And Black-Led Non-Profit Foundation Created By Louisville Business Leaders To Promote Equity In America   •   RTW Retailwinds, Inc. Announces Suspension of Trading on NYSE; Common Stock Now Trading on OTC Pink   •   Mary Kay Inc. Continues Its Support of Beauty, Fashion, and Design in Events Held Across Asia, Europe and the U.S.   •   The Canadian Council of Business Leaders Against Anti-Black Systemic Racism and the Canadian Black Chamber of Commerce Form Stra   •   Senior Care Authority Franchise Owner Mary Molnar Receives the Rising Star Award From the Cleveland Chapter of the National Asso   •   Vuse Vapor, Arrow McLaren SP Donate Wheelchair-Accessible Van To Veterans Non-Profit, HVAF of Indiana   •   How many lives? Howard University Alumni Unite to Launch THE INITIATIVE: Advancing the Blue and Black Partnership   •   Cedar Fair Announces Extension of Exchange Offer   •   Shortcut Rises to Meet Unprecedented Demand for In-Home Haircuts as COVID-19 Pandemic Continues   •   Update on Mental Wellness Supports for those impacted by MMIWG and the Federal Indian Day Schools Settlement Agreement   •   Diaper Bank Celebrates One Millionth Diaper Distributed   •   Aegis Living Debuts New COVID-Era Future for Senior Assisted Living   •   ViiV Healthcare Announces Superior Efficacy of Investigational, Long-Acting Injectable Formulation of Cabotegravir Dosed Every T   •    Acessa Health Announces Positive Payer Coverage, with Over Half of Insured Americans Covered for the Procedure   •   Cultural Intelligence Expert Leads Workshop Series on How to Navigate Cross-Cultural Conversations During Challenging Times   •   Live Town Hall Series - Supporting Mental Health in Communities of Color: Ways Forward   •   What to Do if You’ve Depleted Your Emergency Savings   •   Pinnacle Treatment Centers Opens Addiction Treatment Program in Roanoke   •   Generation Influence: Gen Z Study Reveals a New Digital Paradigm   •   Morreale Launches New Strategic Communications Division and Elevates Two Key Team Members
Bookmark and Share

Obama Discusses Trip To Latin America

WASHINGTON – In his weekly address, President Obama discussed his trip to Latin America and the importance of strengthening our economic partnership with the region to create good jobs at home.  He expressed a need to open more global markets and increase exports as a way of expanding the U.S. economy:

"In recent days, we’ve seen turmoil and tragedy around the world, from change in the Middle East and North Africa to the earthquake and tsunami in Japan.  As I said on Friday, we will work with our partners in the region to protect innocent civilians in Libya and hold the Gaddafi regime accountable.  And we will continue to stand with the people of Japan in their greatest hour of need. 

 

As we respond to these immediate crises abroad, we also will not let up in our efforts to tackle the pressing, ongoing challenges facing our country, including accelerating economic growth.  That’s why, over the weekend, I’ll be in Latin America.  One of the main reasons for my trip is to strengthen economic partnerships abroad so that we create good jobs at home.

 

Latin America is a part of the world where the economy is growing very quickly.  And as these markets grow, so does their demand for goods and services.  The question is, Where are those goods and services going to come from?  As President, I want to make sure these products are made in America.  I want to open more markets around the world so that American companies can do more business and hire more of our people.

 

Here’s a statistic to explain why this is important.  Every $1 billion of goods and services we export supports more than 5,000 jobs in the United States.  So, the more we sell overseas, the more jobs we create on our shores.  That’s why, last year, I set a goal for this country: to double our exports by 2014.  And it’s a goal we’re on track to meet. 

 

Part of the reason why is the rapid growth of Latin America, and their openness to American business.  We now export more than three times as much to Latin America as we do to China, and our exports to the region will soon support more than two million jobs here in the United States.  Brazil, the first stop on our trip, is a great example. 

 

In 2010, America’s exports to Brazil supported more than 250,000 American jobs.  These are jobs at places like Capstone Turbine in California, which recently sold $2 million worth of high-tech energy equipment to Brazil.  Another company is Rhino Assembly, a small business in Charlotte, North Carolina that sells and repairs tools for building cars and planes.  A deal with a distributor in Brazil has resulted in new sales and new employees at that firm.  And we can point to large companies like Sikorsky, whose helicopter sales to Brazil help sustain a large, skilled workforce in Connecticut, Alabama, and Pennsylvania. 

 

Today, Brazil imports more goods from the United States than from any other nation.  And I’ll be meeting with business leaders from both countries to talk about how we can create even more jobs by deepening these economic ties.  After Brazil, I’ll also visit Chile, a country with a growing economy, and increasing demand for American goods.  In fact, since 2004, our exports there are up 300 percent, and now support about 70,000 jobs in the United States.  Finally, we’ll head to El Salvador, a nation with so much promise for growth with the potential to benefit both of our nations. 

 

We’ve always had a special bond with our neighbors to the south.  It’s a bond born of shared history and values, and strengthened by the millions of Americans who proudly trace their roots to Latin America.  But what is clear is that in an increasingly global economy, our partnership with these nations is only going to become more vital.  For it’s a source of growth and prosperity – and not just for the people of Latin America, but for the American people as well."

 

 


STORY TAGS: Hispanic News, Latino News, Mexican News, Minority News, Civil Rights, Discrimination, Racism, Diversity, Latina, Racial Equality, Bias, Equality



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News