A balanced approach of spending cuts and investments was was needed to improve the economy, President Barack Obama said in his weekly radio address on Saturday.
“We can’t simply cut our way to prosperity,” he said. “We need to do what’s necessary to grow our economy, create good, middle-class jobs and make it possible for all Americans to pursue their dreams.”
As part of that thinking, the president said investing in high-tech manufacturing was a key aspect of growth. He recorded his address from Carnegie Mellon University in Pittsburgh after touring companies such as RedZone Robotics, a high-tech factory that develops advanced manufacturing techniques. In Pittsburgh, and again in his address, he announced a new Advanced Manufacturing Partnership that would pave the way for the investments in manufacturing he has called for.
“It’s a partnership that brings our federal government together with some of America’s most brilliant minds and some of America’s most innovative companies and manufacturers,” Obama said. “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.”
The Advanced Manufacturing Partnership is a more than $500 million investment created from recommendations the president’s Council of Advisors on Science and Technology made. It would help companies create new technologies that could be beneficial for years to come such as small high-powered batteries, advanced composites, metal fabrication, bio-manufacturing and alternative energy – other examples being when Obama toured manufacturing companies on Friday and saw a robotic pipe inspection that independently navigated through waste-water pipes as well as new modeling and simulation software Proctor and Gamble created and was releasing free of charge to small and mid-sized manufacturers.
President Obama also said the partnership was more than a way to create jobs.
“It’s to renew the promise of American manufacturing,” he said. “To help make sure America remains in this century what we were in the last – a country that makes things. A country that out-builds and out-innovates the rest of the world.”
He said companies such as RedZone gave him hope that the American people would get through these difficult times just like RedZone was able to develop from a small school to a global university.
“We are a people who’ve always adapted to meet the challenges of a new time,” Obama said. “Who’ve always shaped our own destiny, and I’m absolutely confident that that’s what we’re going to do one more time.”
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