For Immediate Release: September 9, 2011
Contact: Mary Trupo (202) 482-3809
Under Secretary Francisco SÁnchez Promotes Quick Passage of American Jobs Act at Hispanic Policy Conference in Orlando
President Obama’s Plan Will Spur Economic Recovery Through Job Creation
ORLANDO, Fla. – Francisco Sánchez, Under Secretary of Commerce for International Trade, today outlined how President Obama’s American Jobs Act will put more people back to work and more money in the pockets of working Americans during keynote remarks at the White House Hispanic Policy Conference in Orlando, Fla.
Speaking at the first in a series of regional policy conferences to engage the Hispanic community on the work of the Obama Administration, Sánchez discussed the different ways that the American Jobs Act could make an immediate impact on accelerating job creation. He noted that President Obama’s plan would cut taxes for small businesses; create tax credits for employers who hire long-term unemployed workers; and prevent layoffs of teachers, firefighters, and policemen while putting construction workers to work through repairing much-needed school buildings, roads, rail, and airports. He reiterated the President’s call for Congress to act quickly on the bipartisan proposals in the American Jobs Act.
Sánchez touted improvements in the U.S. economy regarding manufacturing and consumer spending, and recognized that challenges remain.
“More than 2.4 million jobs were created in the last year and a half, and we’re seeing a comeback in manufacturing,” Sánchez said. “Consumer spending is starting to rise and corporations are making record profits. There’s still work to do to lower the unemployment rate and strengthen the housing market.”
Sánchez also highlighted the economic benefits that quick passage of pending trade agreements with Korea, Colombia, and Panama could bring to U.S. businesses small and large.
“As the President said, if Americans can buy Kias and Hyundais, we should see people in South Korea driving Fords and Chevys,” Sánchez said. “We’ve got to have more products around the world that say ‘Made in America’. Increased exports would lead to jobs for American workers, and increased opportunities for entrepreneurs.”
The full text of Under Secretary Sánchez’s remarks is located at www.trade.gov/press/speeches/sanchez_090911.asp.
International Trade Administration
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