A quick reaction to President Obama’s speech this afternoon on the economy.
President Obama gave an address this afternoon on the economy that featured some important talk about U.S. manufacturing. In fact, the speech offered 5 manufacturing mentions, but included 0 new proposals.
The president also cited his goal of 1 million new manufacturing jobs. Unfortunately, the U.S. has only gained 13,000 new manufacturing jobs so far in the president's second term.
On the manufacturing front, the President said: “Businesses depend on our transportation systems, our power grids, our communications networks – and rebuilding them creates good-paying jobs that can’t be outsourced.”
BUT WAIT: The San Francisco-Oakland Bay Bridge and NYC’s Verrazano Bridge are perfect examples of outsourced infrastructure repair. We could have built those bridges in the U.S., but instead outsourced the steel to China.
The Alliance for American Manufacturing (AAM) has offered its own "Blueprint" for revitalizing American manufacturing. It's one we hope Washington will study carefully.
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