The Presidential election is going to focus on the economy and specifically manufacturing, at least that is what the American people want to here. Although the GOP contenders have yet to even mumble the word “manufacturing”, President Obama has come forward with his plan to spark American manufacturing.
In the President’s radio and internet address he repeated his plan he unveiled in Pittsburgh which called for a public/private partnership through the federal government,universities and corporations to jump start US manufacturing with specifics on new technologies and becoming a leader in research.
Here is the video:
“Their mission is to come up with a way to get ideas from the drawing board to the manufacturing floor to the marketplace as swiftly as possible, which will help create quality jobs, and make our businesses more competitive,” Obama said in his address, which was recorded Friday during his visit to Carnegie Mellon University, where he saw a display of mini-robots that explore water and sewer pipes.
The goal of the President’s plan is “to help make sure America remains in this century what we were in the last – a country that makes things.” Obama said.
The President still touched on the debt and deficit, but did make a statement regarding education and infrastructure. He said he would not cut spending on education or infrastructure or in the type of innovative technologies he witnessed at Carnegie Mellon.
Education is key to long term economic growth, not deregulation and tax reduction.
This is the type of plan that brought the United States into the forefront of technology in the last century. Government investment and DEMAND brought us products like the computer,microwave oven and many other things that make lives of Americans more efficient. NASA for instance has led to many household items that we take for granted.
The private sector will not create or invent things without demand for it in the market. Just creating something (supply) will not spur economic growth. If that was the case people would still make VCRs.
Unfortunately, the GOP has not come forward with their manufacturing blueprint, all they have done is “parrot” the same old line of deregulation, reduce taxes and drill for oil.
Rep. Renee Ellmers of North Carolina stated in a Republican rebuttal, “The job creators we hear from, they don’t have their hand out. They don’t want a bailout. All they ask us to do is get government out of the way.”
Same old rhetoric, nothing new for investment and moving this country forward. Just the same tired, failed policies of the past. They were saying the Republican plan would reduce regulations, expand domestic energy production and require the government to consider the effect of federal rules on hiring.
Manufacturing is the solid foundation of the American economy, in fact it is the foundation of all industrialized economies. The ability for a nation to take natural resources and “add value” to it creates real wealth. Unlike the current economy of wealth management and moving money around.
The President is at least talking the talk and offered investment in manufacturing, the Republicans can’t even do that.