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    Obama Announces Proposal to Boost Manufacturing Innovation

    President Barack Obama gestures during a speech on the economy at the Rolls-Royce engine manufacturing plant in Prince George, Virginia, March 9, 2012.
    President Barack Obama gestures during a speech on the economy at the Rolls-Royce engine manufacturing plant in Prince George, Virginia, March 9, 2012.

    U.S. President Barack Obama was on the road again on Friday, visiting a factory to discuss the economy and stronger U.S. manufacturing, before heading to Texas for more political campaigning.

    For his latest remarks about the economy, the president chose a Rolls-Royce engine manufacturing plant in Virginia, just south of the nation's capital, that the White House calls an example of how more jobs can be created in the United States rather than overseas.

    Since his State of the Union address in January, the president has been promoting his proposal for job "in sourcing." He used his remarks at the plant, which makes components for jet engines, to highlight a $1 billion proposal to create a National Network for Manufacturing Innovation.

    Obama said these institutes would join with the most advanced engineering schools and innovative manufacturers to collaborate on new ideas and technology.

    "We have got to have this all across the country. I want everybody thinking about how are we making the best products, how we are harnessing the best ideas, and making sure they are located here in the United States. And sparking this network of innovation across the country it will create jobs and will keep America in the manufacturing game," said Obama.

    A White House statement said the plan would create 15 institutes to serve as regional hubs of manufacturing excellence. He said the goal is to help U.S. manufacturers become more competitive and encourage investment.

    Obama also pointed to the latest positive news about job creation.

    Employers added 227,000 jobs in February. Unemployment remained at 8.3 percent - good news for the president, whose re-election chances depend to a large degree on maintaining momentum in the economic recovery.

    He said it is clear that more than three years after the financial crisis, much work remains to ensure that Americans seeking jobs can find them, but he pointed to good news for the manufacturing sector.

    "More companies are bringing jobs back and investing in America and manufacturing is adding jobs for the first time since the 1990s," Obama said.

    Alan Krueger, who heads the White House Council of Economic Advisors, said figures show that despite "adverse shocks" hampering growth, the economy added private sector jobs for 24 straight months, for a total of more than 3.9 million payroll positions.

    Republicans were quick to note that unemployment remains above the 8-percent level.

    In a statement, Republican John Boehner, Speaker of the House of Representatives, blamed Obama for "anti-business policies" and high gasoline prices.

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    by: Don A
    March 12, 2012 10:38 AM
    This country has lost 59,000 factories in the last ten years because better innovation and stronger patents just can't compete with $8 dollar a day wages and currency/exchange rate manipulation. Think tanks and bureaucratic institutes won't change that. Change the trade and tax laws and level the playing field so we can compete and we will. Otherwise, just more flowery speech..

    by: William
    March 12, 2012 10:26 AM
    A Rolls Royce engine plant, I here those engines are owned by the germans once the english sold out to them, But it is good to know we are making something only the one 1% can afford.

    by: hamad part 2 of 2
    March 12, 2012 5:29 AM
    Obama strong economy . Secondly, the value of dollar has been devalued which will increase the inflation and that will put huge pressure on middle class families and small businesses . Thirdly, China will not lend you more money without guarantees . Who tends to falsify the facts in their News channels, do you think he would hesitate a second to falsify any statistic ?

    by: Gerg6z
    March 10, 2012 5:00 AM
    The only way to develop sustainable economic growth is through unfettered, and free innovation. "sharing" one's effort is the antitheis of free innovatio. All of Europe is an example of failed socialist policy; all are heading toward a Greek situation. Of course the US debt load per capita is now higher than Greece. We need to get the US economy growing - unlike the anemic performance under Obama. Taxes and Quixotic energy policy is destroying our competitiveness.

    by: Jacques
    March 10, 2012 4:57 AM
    Read once that in WW2 Roosevelt funded an experiment to the tune of $1million see if bats could be more efficient than airplanes as dive bombers. Oh! 1 billion is that going to translate into lost tax revenue an increase in M1 or wait a higher deficit to fund corporations that have been on gvt contracts since before World war 2. Hey this is the 21st century why do corporations need to have their hands held as they cross the river

    by: William K
    March 10, 2012 4:08 AM
    Okay, Mr. Obama, we are tired of hearing what you want (paragraph). Your entire term has been about telling us what you want. How about giving the American people what we want--somebody else, almost anybody else, as president.

    by: Mark
    March 10, 2012 2:57 AM
    A very good idea

    by: Mark
    March 10, 2012 2:39 AM
    Factories are classrooms where design for manufacturing, quality, and low cost are learned, and new ideas are generated. When moved away from designers, design, innovation, and competitiveness are hurt. Outsourcing produces short term profits but initiates business and economic decay because competiencies are exported with the activity. It is ironic that the practice of outsourcing is done to be more price competitive or increase profits while sowing the seeds of long term failure.

    by: Will71
    March 09, 2012 3:29 PM
    It is about time we are starting to think of how we use to. Manufacture and make the best, when products had made in America it meant something. Every body wanted items made in America because it was well made. Bring the companies back or higher taxes for companies that out source as well. Kick the companies in their A** to make America better. Products from China have been stopped at times because of lead paint or lead period being found in products! GOD BLESS USA

    by: bob
    March 09, 2012 3:12 PM
    just what we need 15 more government institutes...............what a waste of tax money. Whats a billion between friends though lol
    Sure must be easy to spend other peoples money like that.
    This clown needs to go.
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