$45 Billion. 235,000 jobs. Done.

Here’s the big announcement from today’s joint press conference of President Obama and President Hu:

Pegged to today’s official state visit at the White House, China will announce a series of commercial deals to purchase $45 billion in US exports, including a $19 billion purchase of 200 Boeing airplanes, a senior administration official said today.

The deal, the White House says, will support 235,000 jobs in the United States.

The investments by the Chinese is in a wide variety of export sectors – including agricultural products, computer products, telecommunication and internet equipment, autos and auto parts, engineering machinery, software, and industrial chemical products.

“It’s a significant set of contracts and projects for cooperation,” the official said, the White House calling it a “cross-border collaboration” to contribute to economic growth and development in both countries while emphasizing many clean energy and green technologies.

Most notably is that, as expected, and long being worked on, the Chinese government will announce that they will approve an airline contract for 200 Boeing aircraft over a three year period starting this year, worth $19 billion.

In addition to the export deals, there will be an announcement of a series of policy changes on China’s part.

This includes an agreement from China to “strengthen intellectual property right enforcement” – by performing and publishing audits showing how government agencies are purchasing legal software. The agreement also includes China aiming to eliminate discriminatory “indigenous innovation” which limits Beijing’s purchase of foreign products to those designed in China.


And here’s another amazing progress:

The number of manufacturing jobs in the U.S. last year grew 1.2%, or 136,000, the first increase since 1997!

U.S. manufacturing, viewed as a lost cause by many Americans, has begun creating more jobs than it eliminates for the first time in more than a decade.


Among others, major auto makers—both domestic and transplants—are hiring. Ford Motor Co. announced last week it planned to add 7,000 workers over the next two years.

The economists’ projections for this year—calling for a gain of about 2.5%, or 330,000 manufacturing jobs—won’t come close to making up for the nearly six million lost since 1997. But manufacturing should be at least a modest contributor to total U.S. employment in the next couple of years, these economists say.



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Wednesday morning mishmash (updated)

Hi guys,

1. Please go over to OFA, see if you can help in the fight against the stupid–waste-of-time attempt to repeal HCR.

2. Big China day today. Press Conference at 1pm (EST) and State Dinner in the evening. Michelle’s dress will be fabulous…


3. Don’t you hate it when a president insist on keeping promises?

Hospital Visitation Regulations Go Into Effect

“There are few moments in our lives that call for greater compassion and companionship than when a loved one is admitted to the hospital.  In these hours of need and moments of pain and anxiety, all of us would hope to have a hand to hold, a shoulder on which to lean – a loved one to be there for us, as we would be there for them.”

With those words on April 15, 2010 President Obama directed HHS Secretary Sebelius to initiate rulemaking to ensure that hospitals that participate in Medicare and Medicaid respect the rights of patients to designate visitors.  The President further advised that the rule should ensure that participating hospitals may not deny visitation privileges based on factors including sexual orientation or gender identity. 

Today the new Hospital VisitationRegulations go into effect. 


4. Oy vey:

Poll: Majority of voters say economy is improving, and giving credit  to PBO


5. The president will visit Manitowoc, Wisconsin, next week, a day after the SOTU. He’ll also speak to House Democrats in their retreat this weekend.


6. Look what this anti-business administration has done (Thank you, Nah):

The Federal Communications Commission and Justice Department did something remarkable on Tuesday: They came up with a set of conditions on a major business deal — Comcast’s acquisition of NBC Universal — that leading consumer advocates and company executives both like.

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7. I’ve been meaning to mention this so many times, and somehow it always slipped, but if you haven’t seen National Geographic AWESOME movie about the AWESOME Pete Souza – Run, don’t walk, to watch it.