TIME: Obama Says America’s ‘Open for Business’ at Summit

03/24/2015

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By MAYA RHODAN | 3/23/15 | Source: TIME MAGAZINE

Obama Says America’s ‘Open for Business’ at Summit

President Obama was self-assured during a quick sales pitch to foreign business leaders Monday, saying he was confident that he could work with Congress to iron out trade deals and a budget plan.

“The things that help businesses grow are not partisan,” Obama said in his remarks.

Still, he and a key Cabinet member warned Republicans against blocking the reauthorization of the Export-Import Bank, which helps foreign companies that need credit buy U.S. goods.

Obama faces partisan difficulties on both sides as he pushes ahead with the business-friendly agenda. A conservative group backed by the Koch Brothers launched a new effort Monday to block the Ex-Im Bank, arguing that it represents “cronyism and corporate welfare.”

The administration is also going head-to-head with members of the Democratic Party and typical supporters like labor unions as it irons out the plan that would free up trade between the U.S. and about a dozen countries in the Asia-Pacific region and Latin America.

Some of the most outspoken critics are Democratic Rep. Rosa DeLauro and AFL-CIO President Richard Trumka, who oppose the administration’s goal of moving the trade legislation through Congress quickly because they worry it will threaten jobs and standards on food and product safety.

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