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Obama Pledges $500 Million To Reinvent U.S. Manufacturing
Industry Week ^ | June 24, 2011 | Frank Andorka

Posted on 06/25/2011 6:32:57 AM PDT by Son House

AMP, as the program is called, will harness the power of public-private partnerships between universities, industry and governmental agencies in an effort to streamline innovation and bring products more quickly to market.

"We need to reinvigorate our manufacturing sector to lead the world," Obama said in the speech. "We need to do it now. Not sometime in the future. Now."

AMP will be co-chaired by Susan Hockfield, president of MIT, and Andrew Liveris, chairman, president and CEO of Dow Chemical.

"I'm enthusiastic about the spirit and content of our joint work," Hockfield said in a press release. "and I'm also very eager to build new connections with our colleagues in industry and government … with a commitment to advancing the manufacturing frontier together."

The universities involved in initially in the program are the Massachusetts Institute of Technology, Carnegie Mellon University, Georgia Institute of Technology, Stanford University, the University of California-Berkeley and the University of Michigan.

Industrial partners will include Allegheny Technologies, Caterpillar, Corning, Dow Chemical, Ford, Honeywell, Intel, Johnson and Johnson, Northrop Grumman, Procter and Gamble, and Stryker.

Those recommendations of the President's Council on Science and Technology (PCAST) recommended the launching AMP and made the following recommendations as to how the Federal government could be involved:

investing in shared infrastructure such as Federal and university laboratories;

supporting the development of advanced manufacturing processes; and

participating in partnerships with industry and academia that identify and invest in broadly-applicable, precompetitive emerging technologies.

The President will also outline three compelling reasons why the United States should revitalize its manufacturing leadership: jobs, innovation and national security.

In addition to the Advanced Manufacturing Partnership, PCAST calls for changes in tax and business policies, including a permanent extension of the R&D tax credit; continued strong support for basic research in addition to the new emphasis on public-private partnerships to support pre-competitive applied research; and enhanced support for training and educational activities to create a more highly skilled workforce. PCAST also came out against the government creating a national manufacturing policy in favor of a national "innovation policy" instead.

"If we are to grow our economy, we need a strong manufacturing sector," Obama said. "These investments we make today will create jobs in current industries and spur the growth of new ones."

Obama said that Americans don't just keep pace with changes in the world, they set the pace.

"If we can regain our lead as the manufacturing force in the world, we can make this century the American century just like the last one was," he added.

The Alliance for American Manufacturing President Scott Paul released a statement that read:

"Linking manufacturers with the latest cutting-edge research at universities and federal agencies is one step in brightening the prospects for American manufacturing. But we can't stop there.

We welcome President Obama's support for public-private partnerships to develop new products, innovations, and processes for American manufacturing. Pittsburgh is the right place to make this announcement: home of a modern steel industry, great academic institutions, sophisticated research, a skilled workforce, and a strong industrial union.

America has been falling behind in manufacturing while the rest of the world aggressively supports its industry. We are playing catch-up following decades of neglect. The Advanced Manufacturing Partnership shows a lot of promise, but the effort will be futile unless our manufacturers also have a solid foundation of support for challenges like unfair trade practices, currency manipulation, developing a skilled workforce, and a more efficient infrastructure.

We believe, as we imagine you do, that a strong and vibrant manufacturing base is essential to our nation's economic stability, a strong middle class, and employment opportunities for young men and women across America. We also believe that our nation will never realize its full potential to grow the manufacturing sector of our economy without a robust strategy and aggressive set of public policies to complement private sector efforts by business and labor to maintain a globally competitive industry."


TOPICS: Business/Economy; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: amp; economy; fascism; manufacturing; marxistcoup; nationalsocialism; obama; obamanomics; obamunism; pcast; pledges; reinvent; robots; stimulus; thedestroyers
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Seems like the working poor and lower middle class are being left out of this year's recovery summer.
1 posted on 06/25/2011 6:32:59 AM PDT by Son House
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To: Son House

And just whose a$$ was this half a billion dollars pulled out of?


2 posted on 06/25/2011 6:35:47 AM PDT by Repeal The 17th (Proud to be a (small) monthly donor.)
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To: Repeal The 17th

That’s a good question-—and I’m wondering why the president of MIT would know anything about manufacturing..................


3 posted on 06/25/2011 6:37:04 AM PDT by basil (It's time to rid the country of "gun free zones" aka "Killing Fields")
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To: Son House

Seems like you could cut regulation and the free trade nonsense and companies would build it themselves.


4 posted on 06/25/2011 6:37:04 AM PDT by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: Son House

“Obama Pledges $500 Million To Reinvent U.S. Manufacturing”

Stupidity is doing the same thing and expecting different results.


5 posted on 06/25/2011 6:37:31 AM PDT by Rennes Templar
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To: Son House

Obama’s government is so smart that a mere $500 MM will reinvent and reinvigorate the manufacturing economy. What hubris!

Every day, in every way, our government comes up with new and ever more imaginative ways to waste money.


6 posted on 06/25/2011 6:38:03 AM PDT by Pearls Before Swine
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To: Son House

Hey Obama, how about if you just get out of the way.


7 posted on 06/25/2011 6:38:11 AM PDT by TruthInThoughtWordAndDeed (Yahuah Yahusha)
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To: Son House

What’s with this “partnership” thingy?

Any time the gubmint is a partner, it controls. It regulates. It redirects efforts to its own aim.

AMP is destined to be a waste of money achieving only gubmint ends with little private benefit.


8 posted on 06/25/2011 6:38:19 AM PDT by plangent
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To: Son House

did Barky announce his brilliant plan before or after he blamed ATM machines and ticket kiosks for high unemployment?


9 posted on 06/25/2011 6:39:44 AM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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To: driftdiver
...like you could cut regulation and the free trade nonsense....

Reading this article, it looks like Obama is doing a fine job on the latter.

10 posted on 06/25/2011 6:43:58 AM PDT by 1rudeboy
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To: basil
I’m wondering why the president of MIT would know anything about manufacturing..................

Exactly my thoughts.

11 posted on 06/25/2011 6:44:01 AM PDT by voicereason (What's the opposite of a survivalist? Try, a corpse.)
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To: Son House
All within the state, nothing outside the state, nothing against the state.
-- Benito Mussolini

All solutions to all problems must be government solutions.

12 posted on 06/25/2011 6:44:17 AM PDT by ClearCase_guy (The USSR spent itself into bankruptcy and collapsed -- and aren't we on the same path now?)
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To: Son House

$500 million to reinvent U.S. manufacturing. $8.5 billion to ACORN. I’m glad that we have our priorities straight.


13 posted on 06/25/2011 6:45:00 AM PDT by Malone LaVeigh
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To: Son House

If he’ll give me a million I’ll see what I can do to help. I’ll even throw in some promises.


14 posted on 06/25/2011 6:45:49 AM PDT by count-your-change (You don't have be brilliant, not being stupid is enough.)
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To: Son House
Great, if manufacturing didn't have enough problems competing against Chinese slave labor, now the Government of Obama is here to help. $500,000,000 = 20 new union jobs in Michigan and Ohio.
15 posted on 06/25/2011 6:48:23 AM PDT by Waverunner (I'd like to welcome our new overlords, say hello to my little friend)
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To: plangent

Yes, partnership with this government is a buyer beware/remorse just waiting


16 posted on 06/25/2011 6:49:04 AM PDT by Son House (The Economic Boom Heard Around The World => TEA Party 2012)
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To: Repeal The 17th
And just whose a$$ was this half a billion dollars pulled out of?


17 posted on 06/25/2011 6:50:01 AM PDT by Lonesome in Massachussets (Somewhere in Kenya a village is missing its idiot)
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To: TruthInThoughtWordAndDeed

Yes, but now he can say he did something while Republicans did nothing


18 posted on 06/25/2011 6:50:44 AM PDT by Son House (The Economic Boom Heard Around The World => TEA Party 2012)
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To: Son House

What? Has he invented the ‘disassembly line’??????


19 posted on 06/25/2011 6:51:23 AM PDT by eeriegeno (<p>)
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To: Son House
Holy crap!

Obama is a one man bureaucratic boondoggle jihad.

20 posted on 06/25/2011 6:52:20 AM PDT by Tex-Con-Man
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