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Obama outlines economic agenda with US business leaders.

| WASHINGTON, March 7 (KUNA) -- US President Barack Obama late Tuesday outlined his economic agenda to a group of the nation's most high-powered business leaders, touting proposals to boost job creation and to aid the nation's economic recovery.

"The economy is getting stronger, and the recovery is speeding up. And the question now is, how do we make sure that it keeps going?" the president told members of the Business Roundtable, an association of chief executive officers (CEOs) of leading US companies.

Obama outlined his administration's efforts to bring jobs back to the US and spur manufacturing.

"I think we have to focus on our core strengths: American manufacturing; American energy; American innovation; the best skills and education for American workers," he told the roughly 100 business executives gathered at the Newseum in Washington.

Obama said he will go anywhere in the world to open new markets for American goods, pointing to his efforts to secure Russia's invitation into the World Trade Association.

The president also said he was not giving up on his call to rebuild America's infrastructure.

"I make no apologies for being chauvinistic when it comes to wanting to have the best airports, the best roads, the fastest broadband lines, the best wireless connections here in the United States of America. And now is the time for us to do it," he said.

Obama said the nation would have to "deal with revenue," noting "that's something that the American people instinctually understand that if we do this in a balanced way, we can solve our problems." The president said the nation needs to reform its tax system to better reward companies that invest in the US. "That is going to be a difficult task. Anybody who has been involved in tax discussions in any legislature, but especially Congress, knows that it's like pulling teeth. But it is the right thing to do for us to become more competitive," he said.

The president's policies have not always been warmly received by the association. In 2010, then chairman Ivan Seidenberg, chief executive of Verizon, accused the president of creating a "hostile environment" for investment and job creation. (end) hy.wsa KUNA 071254 Mar 12NNNN

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Publication:Kuwait News Agency (KUNA)
Date:Mar 7, 2012
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