President Obama Signs Manufacturing Enhancement Act into Law

President Obama is working to give the nation

(Photo By LM Otero, AP) President Barack Obama gives the "Hook 'Em Hand" while delivering a speech at the University of Texas in Austin.

President Obama is working to give the nation's declining manufacturing industry a boost.

He signed the manufacturing enhancement act in to law to help cut costs. The measure reduces or suspends the tariffs companies pay on materials they import to make their products.

Mister Obama says the act should help an industry that has long been losing steam.

"Some suggest this decline is inevitable,” says the President. “That the only way for America to get ahead is to leave manufacturing communities and their workers behind. I don't see it that way. The answer isn't to stop building things, to stop making things. The answer is to build things better, make things better right here in the United States."

The president set a goal during his inauguration to double the nation's exports within five years.

He says this new measure puts the u-s one step closer to making that happen.

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