English subtitles for clip: File:2012-02-18 President Obama's Weekly Address.ogv

1
00:00:05,567 --> 00:00:06,867
The President:
Hello, everybody.

2
00:00:06,867 --> 00:00:09,333
I'm speaking to you this
week from the Boeing Plant in

3
00:00:09,333 --> 00:00:11,133
Everett, Washington.

4
00:00:11,133 --> 00:00:13,666
Boeing has been in this
community for half a century.

5
00:00:13,667 --> 00:00:16,734
But it's what they're doing
here today that has folks really

6
00:00:16,734 --> 00:00:20,367
excited; because at this plant
they're building the plane of

7
00:00:20,367 --> 00:00:23,000
the future -- the Dreamliner.

8
00:00:23,000 --> 00:00:24,233
It's an impressive sight.

9
00:00:24,233 --> 00:00:28,533
And, to be honest, part of why
I came was to see it up close.

10
00:00:28,533 --> 00:00:31,667
But I also came because this is
a great example of how we can

11
00:00:31,667 --> 00:00:35,467
bring jobs and manufacturing
back to America.

12
00:00:35,467 --> 00:00:37,266
You see, the last few
decades haven't been easy for

13
00:00:37,266 --> 00:00:39,367
manufacturing in this country.

14
00:00:39,367 --> 00:00:42,166
New technology has made
businesses more efficient and

15
00:00:42,166 --> 00:00:45,032
productive -- and that's good
-- but it's also made a lot of

16
00:00:45,033 --> 00:00:46,767
jobs obsolete.

17
00:00:46,767 --> 00:00:49,367
The result has been painful
for a lot of families

18
00:00:49,367 --> 00:00:51,199
and a lot of communities.

19
00:00:51,200 --> 00:00:55,000
Factories where people thought
they'd retire have left town.

20
00:00:55,000 --> 00:00:56,834
Jobs that provided a
decent living have been

21
00:00:56,834 --> 00:00:58,567
shipped overseas.

22
00:00:58,567 --> 00:01:00,867
And the hard truth is that
a lot of those jobs aren't

23
00:01:00,867 --> 00:01:02,367
coming back.

24
00:01:02,367 --> 00:01:06,100
But that doesn't mean we have
to settle for a lesser future.

25
00:01:06,100 --> 00:01:07,866
I don't accept that idea.

26
00:01:07,867 --> 00:01:10,266
In America, there's always
something we can do to create

27
00:01:10,266 --> 00:01:13,600
new jobs and new manufacturing
and new security for

28
00:01:13,600 --> 00:01:15,133
the middle-class.

29
00:01:15,133 --> 00:01:18,567
In America, we don't
give up -- we get up.

30
00:01:18,567 --> 00:01:20,934
Right now, that's
exactly what we're doing.

31
00:01:20,934 --> 00:01:24,834
Over the past 23 months,
businesses have created 3.7

32
00:01:24,834 --> 00:01:26,467
million new jobs.

33
00:01:26,467 --> 00:01:30,400
And manufacturers are hiring for
the first time since the 1990s.

34
00:01:30,400 --> 00:01:32,834
It's now getting more expensive
to do business in places

35
00:01:32,834 --> 00:01:34,367
like China.

36
00:01:34,367 --> 00:01:37,033
Meanwhile, America is
more productive than ever.

37
00:01:37,033 --> 00:01:40,033
And companies like Boeing are
realizing that even when we

38
00:01:40,033 --> 00:01:41,700
can't make things
cheaper than China,

39
00:01:41,700 --> 00:01:43,600
we can make things better.

40
00:01:43,600 --> 00:01:46,199
That's how we're going
to compete globally.

41
00:01:46,200 --> 00:01:49,333
For Boeing, business
right now is booming.

42
00:01:49,333 --> 00:01:53,900
Last year, orders for commercial
aircraft rose by more than 50%.

43
00:01:53,900 --> 00:01:57,100
To meet that rising demand,
they've put thousands of folks

44
00:01:57,100 --> 00:01:59,699
to work all over the country.

45
00:01:59,700 --> 00:02:01,767
We want to see more of this.

46
00:02:01,767 --> 00:02:05,133
We need to make it as easy as we
can for our companies to create

47
00:02:05,133 --> 00:02:08,667
more jobs in America,
not overseas.

48
00:02:08,667 --> 00:02:11,166
And that starts
with our tax code.

49
00:02:11,166 --> 00:02:14,667
No company should get a tax
break for outsourcing jobs.

50
00:02:14,667 --> 00:02:17,567
Instead, tax breaks should go
to manufacturers who set up shop

51
00:02:17,567 --> 00:02:19,233
here at home.

52
00:02:19,233 --> 00:02:21,667
Bigger tax breaks should go
to high-tech manufacturers who

53
00:02:21,667 --> 00:02:23,600
create the jobs of the future.

54
00:02:23,600 --> 00:02:26,333
And if you relocate a company
in a struggling community,

55
00:02:26,333 --> 00:02:28,900
you should get help
financing that new plant,

56
00:02:28,900 --> 00:02:32,100
that new equipment, or
training for new workers.

57
00:02:32,100 --> 00:02:35,132
It's time to stop rewarding
businesses that ship jobs

58
00:02:35,133 --> 00:02:38,767
overseas, and start rewarding
businesses that create jobs here

59
00:02:38,767 --> 00:02:39,767
in America.

60
00:02:39,767 --> 00:02:44,066
And Congress should send me that
kind of tax reform right away.

61
00:02:44,066 --> 00:02:46,867
Another thing we're doing is
to make it easier for companies

62
00:02:46,867 --> 00:02:49,934
like Boeing to sell their
products all over the world,

63
00:02:49,934 --> 00:02:52,834
because more exports
mean more jobs.

64
00:02:52,834 --> 00:02:55,633
Two years ago, I set a goal
of doubling U.S. exports

65
00:02:55,633 --> 00:02:57,100
over five years.

66
00:02:57,100 --> 00:02:58,733
And we're on track
to meet that goal --

67
00:02:58,734 --> 00:03:00,667
ahead of schedule.

68
00:03:00,667 --> 00:03:03,967
We have a big opportunity right
now to build not only an economy

69
00:03:03,967 --> 00:03:07,367
that will help us succeed today,
but an economy that will help

70
00:03:07,367 --> 00:03:10,433
our kids and their
kids succeed tomorrow.

71
00:03:10,433 --> 00:03:12,100
We know what we need to do.

72
00:03:12,100 --> 00:03:14,400
We need to strengthen
American manufacturing.

73
00:03:14,400 --> 00:03:16,567
We need to invest in
American-made energy and new

74
00:03:16,567 --> 00:03:18,667
skills for American workers.

75
00:03:18,667 --> 00:03:21,700
And above all, we need to renew
the values that have always made

76
00:03:21,700 --> 00:03:24,232
this country great: Hard work.

77
00:03:24,233 --> 00:03:25,567
Fair play.

78
00:03:25,567 --> 00:03:27,800
Shared responsibility.

79
00:03:27,800 --> 00:03:29,500
We can do this.

80
00:03:29,500 --> 00:03:32,000
Just ask the folks
here in Everett.

81
00:03:32,000 --> 00:03:35,400
Right here, a few years ago, the
first Dreamliner took off on its

82
00:03:35,400 --> 00:03:37,066
maiden trip.

83
00:03:37,066 --> 00:03:39,900
Thousands of employees
came to watch.

84
00:03:39,900 --> 00:03:42,433
One was an executive
office administrator named

85
00:03:42,433 --> 00:03:43,500
Sharon O'Hara.

86
00:03:43,500 --> 00:03:46,400
And as Sharon saw that
first plane take flight --

87
00:03:46,400 --> 00:03:51,166
a result of so much hard
work -- she got goose bumps.

88
00:03:51,166 --> 00:03:57,500
In her words, she said, "We
said we would do it and we did."

89
00:03:57,500 --> 00:04:00,133
That's the story of America.

90
00:04:00,133 --> 00:04:02,000
We said we'd do it, and we did.

91
00:04:02,000 --> 00:04:05,500
That's the can-do spirit
that makes us who we are.

92
00:04:05,500 --> 00:04:06,934
We've seen challenging
times before.

93
00:04:06,934 --> 00:04:09,567
But we always emerge
from them stronger.

94
00:04:09,567 --> 00:04:12,333
And that's what we're
going to do again today.

95
00:04:12,333 --> 00:04:14,433
Thanks, and have
a great weekend.