President Barack Obama examines the overhead bin of a 787 Dreamliner with Boeing employee Rick Goade during a visit to Boeing on Friday. Photo: Susan Walsh/Associated Press
EVERETT, Washington — President Obama, standing before a long line of 787 Dreamliners at the Boeing factory here, pushed a proposal to boost sales of American products by enhancing funding for U.S. exporters competing with foreign firms.
The president, visiting the nation’s largest exporter to trumpet his manufacturing and exporting initiatives, wants greater export financing for American manufacturers and expanded support for small businesses. He also stressed the need for fairer trading practices with China.
To illustrate the point, he outlined the role of the federal government’s Export-Import Bank in helping foreign carriers buy Boeing airliners. The President wants to expand the use of government-backed financing to provide the same assistance to domestic airlines.
“I’m instructing the bank to give American companies a fair shot by matching the unfair export financing that their competitors receive from other countries,” he told a cheering crowd of Boeing workers.
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