Òbama Says Mfg Jobs Will Aid US Economic Growth

[privateinvestor]

Obama Says Manufacturing Jobs Will Aid U.S. Economic Growth


Saturday, June 25, 2011

June 25 (Bloomberg) -- President Barack Obama said a government program to encourage the creation of advanced manufacturing jobs will help spur U.S. economic growth.

In his weekly address on the radio and internet, Obama touted a $500 million program that helps companies and universities develop new manufacturing technologies.

"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 the address taped yesterday at Carnegie Mellon University, one of the schools benefiting from the program.

Seventeen months before the presidential election, Obama is seeking to convince voters that his economic policies will help lead to long-term growth even as recent data shows the economy is slowing.

The Federal Reserve Board said June 22 that it lowered its forecast for economic expansion to 2.7 percent to 2.9 percent this year. That's down from forecasts ranging from 3.1 percent to 3.3 percent in April. It's the second time this year that Fed officials have lowered their forecasts for growth.

In the Republican address, Representative Renee Ellmers of North Carolina said a better way to encourage job creation would be to "get government out of the way."

Ellmers said Republicans want to reduce the regulatory burden on businesses, expand domestic energy production and approve pending free-trade agreements.

"Unfortunately, the Democrats who run Washington say we should stay the course, keep spending money we don't have and raise your taxes," she said. "These Washington-knows-best policies haven't worked. They have only made matters worse."

While Obama acknowledged the need to reduce the federal budget deficit, he said he wouldn't do so at the expense of needed programs that can help the economy, such as education, research and infrastructure.

"We can't simply cut our way to prosperity," he said.

--With assistance from Kate Andersen Brower in Pittsburgh, Pennsylvania, and Roger Runningen in Washington. Editors: Ann Hughey, Laurie Asseo.

Company News: DOW US <Equity> CN CAT US <Equity> CN F US <Equity> CN HON US <Equity> CN INTC US <Equity> CN GLW US <Equity> CN JNJ US <Equity> CN SYK US <Equity> CN PG US <Equity> CN NOC US <Equity> CN ATI US <Equity> CN 24608Z <Equity> 854960Z <Equity> 639756Z <Equity> 8178942Z <Equity> 85081MF <Equity> 8810Z <Equity>

sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/06/25/bloomberg1376-LNBEMA07SXKX01-3CGA4I9IMKSL2DK853UGBVLNPM.DTL



© 2011 Hearst Communications Inc. | Privacy Policy | Feedback | RSS Feeds | FAQ | Site Index | Contact

[privateinvestor]

Seventeen months before the presidential election, Obama is seeking to convince voters that his economic policies will help lead to long-term growth even as recent data shows the economy is slowing

Well if Mr Obama would spend more time in CA instead of just attending fund raisers with the Liberal Elites he might like to know we have @ 12% - 15% unemployment out here with no sign things are improving.

Our state cannot even pass a budget let alone help to create any job friendly environment that fosters manufacturing job growth...these jobs have all gone overseas or to Texas which is probably worse..

[SweetVirginia]

Jun 25, 2011 12:29:24 GMT -5 @privateinvestor said:

Seventeen months before the presidential election, Obama is seeking to convince voters that his economic policies will help lead to long-term growth even as recent data shows the economy is slowing

Well if Mr Obama would spend more time in CA instead of just attending fund raisers with the Liberal Elites he might like to know we have @ 12% - 15% unemployment out here with no sign things are improving.

Our state cannot even pass a budget let alone help to create an job friendly environment that fosters manufacturing job growth...these jobs have all gone overseas or to Texas which is probably worse..

P.I. I am also from CA and I am so disillusioned with our so called government here. I dont see CA ever recovering as long as Illegal immigration is encouraged, and taxes keep going up. Why would anyone want to do business here or live and work here for that matter.

[privateinvestor]

The State legislators are crying and whinnying again today because they have not been paid yet with no end in sight....you could see some of the Dems walk out of the capital in Sacramento because they blame the Repubs for stonewalling them

Our state has to be the biggest joke in this country next to New York of course.........

[hello fromWarsaw]

#1-Thanks in great part to Pub policies, including tax cuts to corps who outsource!! Great job, Brownie. In addition, public college costs doubled under Booosh, like health costs. How does ANYONE vote for such numbskulls. All the Nobel Prize economists agree the deficit is NOT the horror pubs are demagogging. ANYTHING to slow the recovery and get the power to cheat and steal for the greedy rich again...snap out of it America.
Greetings from our champ state, the Empire State, 26th district . Keep campaigning on destroying Medicare and tax cuts for the bloated rich, ideologue bought off morons!!

[privateinvestor]

Greetings from our champ state, the Empire State, 26th district . Keep campaigning on destroying Medicare and tax cuts for the bloated rich, ideologue bought off morons!! ;

Excuse me Sir but don't you mean "Chump" state....all you have is Wiener gate, Dam Yankees crying about not playing enough, Goldman Sachs Fabuous Five, and last but not least a Governor who is in the hip pocket of the Gay Community....you guys are almost as bad off as Californians..

[SweetVirginia]

Jun 25, 2011 12:46:06 GMT -5 @privateinvestor said:

The State legislators are crying and whinnying again today because they have not been paid yet with no end in sight....you could see some of the Dems walk out of the capital in Sacramento because they blame the Repubs for stonewalling them

Our state has to be the biggest joke in this country next to New York of course.........

They can keep on whining. They dont deserve to be paid if they cant get the job done. I'm a democrat, but as far as CA goes, Im glad the repubs are stonewalling the dems. We need some balance in CA. I don't like any party having too much control.

[hello fromWarsaw]

Speaking of overpopulation, Southern Cal. You can keep your Red States, Texas and Florida monopolize "Cops" and trailer trash- see also Ms, Al., Ga,SC- they're already banana republics, screwing the white trash while demagogging gays, browns, blacks, the "lazy". Keep hating! St. Peter will NOT be amused!! ;D

[hello fromWarsaw]

Why don't you move to S. Cal. or Ok, P.I.? You seem to like living in Dem bastions while telling everyone to live in Pub messes!!.
PS, NYC makes LA look like CRAPPE, even if the Yankee fans ARE Pub MORONS LOL!! (or union.) ;D

[privateinvestor]

I am awaiting for my next duty station and assgnment.. but sure of the exact date yet...

[hello fromWarsaw]

Navy? Anyway, try to notice the nonrich go downhill under Pubs, climb back up under Dems (education, pay, equality,etc). Elitist megarich Pubs are FOS. EVEN in Cal. The Tea Party-like referendum laws and no pay till budget fads don't work in the long run. Only voting for Dems does.Unless you like Boom and Bust with the nonrich paying...AGAIN and AGAIN!

[handyman2]

Create advanced manufacturing jobs? Well that sounds good but the problem is that most ADVANCED manufacturing jobs are now run by computer and the processes usually require few people to do the work. That is one of the major job killers over the past two decades. Robotics don't create jobs it eliminates them. he is going to spend millions to descover what we already know.
Just as an interesting aside, think about the every day things how many jobs were eleminated by the ATM machine or the computerized gas pumps? Seems like small things at first until you look closer.

[Deleted]

Well if Mr Obama would spend more time in CA instead of just attending fund raisers with the Liberal Elites he might like to know we have @ 12% - 15% unemployment out here with no sign things are improving.
Our state cannot even pass a budget let alone help to create any job friendly environment that fosters manufacturing job growth...these jobs have all gone overseas or to Texas which is probably worse..

Something interesting "might" be learned here (but I doubt it, at least by liberals). Where we live there really hasn't been much of a slow down. Both state & city governments give businesses tax incentives to come to Texas. They employ new workers who of course pay taxes. Now I "assume" that if they had punitive tax laws like CA we would be in the same boat. Even after the incentives end though businesses stay here because our taxes are pretty low. So in a nut shell lower taxes create more jobs & in the long run more taxes. It's kind of a common sense thing, businesses make more money so they can afford to hire more workers, who pay more taxes.

States that follow liberal guidelines (like CA) with all the taxes to support social programs will do ok in some economies. In something like a recession (& they are a NORMAL part of the business cycle) though their economy will go to shit fairly fast. It will also be one of the last one to come out of the recession. CA has a huge number of ports, vacation spots, & a lot of other stuff that bring in large amounts of money that many other states don't get. Yet they still suffer the most because of the tax structure of the state.

All of this stuff is cause & effect & very much common sense. Yet srats (liberals) like to find "other reasons" why their ideology fails like: #1-Thanks in great part to Pub policies, including tax cuts to corps who outsource!! It would be laughable if so many people weren't hurt because of a failure to understand basic economy. They view the rich & businesses as having open & unending coiffures that can be raided for every feeble idea that crosses their minds. They create non cost efficient programs that they don't monitor so they can get their little trill from helping people as they are screwing those same people to death. Scary as hell.

[ugonow]

Create advanced manufacturing jobs? Well that sounds good but the problem is that most ADVANCED manufacturing jobs are now run by computer and the processes usually require few people to do the work. That is one of the major job killers over the past two decades. Robotics don't create jobs it eliminates them. he is going to spend millions to descover what we already know.

I think the goal would be to bring some of these industries that require manufacturing back here. Pushing training for hand soldering and hand crafted buggy whips will not cut it. I think it is worth a shot.We can not thrive on service sector and fast food jobs forever.

[Deleted]

I think the goal would be to bring some of these industries that require manufacturing back here. Pushing training for hand soldering and hand crafted buggy whips will not cut it. I think it is worth a shot.We can not thrive on service sector and fast food jobs forever.

Ugonow, your 100% right. I think the way to do that is give the companies tax savings. They would also get a savings on transportation costs. That "might" make it more profitable to make items here even though worker cost is higher. The companies themselves need to go back to the old way of doing business when the world bought from the U.S. because our products were superior. They need to insist on making better products.

[djAdvocate]

Jun 25, 2011 12:29:24 GMT -5 @privateinvestor said:

Seventeen months before the presidential election, Obama is seeking to convince voters that his economic policies will help lead to long-term growth even as recent data shows the economy is slowing

Well if Mr Obama would spend more time in CA instead of just attending fund raisers with the Liberal Elites he might like to know we have @ 12% - 15% unemployment out here with no sign things are improving.

Our state cannot even pass a budget let alone help to create any job friendly environment that fosters manufacturing job growth...these jobs have all gone overseas or to Texas which is probably worse..

PI- i thought a budget was passed recently and vetoed by Brown. no?

[djAdvocate]

Jun 25, 2011 12:38:49 GMT -5 SweetVirginia said:

Jun 25, 2011 12:29:24 GMT -5 @privateinvestor said:

Seventeen months before the presidential election, Obama is seeking to convince voters that his economic policies will help lead to long-term growth even as recent data shows the economy is slowing

Well if Mr Obama would spend more time in CA instead of just attending fund raisers with the Liberal Elites he might like to know we have @ 12% - 15% unemployment out here with no sign things are improving.

Our state cannot even pass a budget let alone help to create an job friendly environment that fosters manufacturing job growth...these jobs have all gone overseas or to Texas which is probably worse..

P.I. I am also from CA and I am so disillusioned with our so called government here. I dont see CA ever recovering as long as Illegal immigration is encouraged, and taxes keep going up. Why would anyone want to do business here or live and work here for that matter.

i can answer that. it is a beautiful place, to start with. i think it is an interesting and vibrant political environment, second. and there is a lot of consumption here, which fuels businesses like mine. i own three of them. all are based here, and only one has a branch outside of CA.

[SweetVirginia]

CA is (or was) beautiful, but a lot has changed here. I live in So Cal, we are overrun by illegal immigrants who destroy neighborhoods that were once safe and beautiful. Our taxes and fees are constantly being raised to unreasonable levels. I have no problem paying taxes, but I believe that one reason we are in the negative (deficit), is because illegal immigrants use up tons of social benefits, (food stamps, welfare, education, hospitals, housing, etc) but pay very little in taxes. I do not want my taxes to keep going up in order to further subsidize the living of illegal immigrants and their children. With taxes and fees so high, business are leaving CA. which I think is contributing to the high unemployment rates here.

[djAdvocate]

Jun 25, 2011 18:41:19 GMT -5 SweetVirginia said:

CA is (or was) beautiful, but a lot has changed here. I live in So Cal, we are overrun by illegal immigrants who destroy neighborhoods that were once safe and beautiful. Our taxes and fees are constantly being raised to unreasonable levels. I have no problem paying taxes, but I believe that one reason we are in the negative (deficit), is because illegal immigrants use up tons of social benefits, (food stamps, welfare, education, hospitals, housing, etc) but pay very little in taxes. I do not want my taxes to keep going up in order to further subsidize the living of illegal immigrants and their children. With taxes and fees so high, business are leaving CA. which I think is contributing to the high unemployment rates here.

i live in Northern Cal, and i think everything is better than what you described other than one thing: education- which is a horrible nightmare of selfish disregard for the problem.

would you like me to post data which shows that illegals pay more in revenue than they take in services? another highly repressed news story that the lame stream media misses.

[SweetVirginia]

Jun 25, 2011 18:46:36 GMT -5 djAdvocate said:

Jun 25, 2011 18:41:19 GMT -5 SweetVirginia said:

CA is (or was) beautiful, but a lot has changed here. I live in So Cal, we are overrun by illegal immigrants who destroy neighborhoods that were once safe and beautiful. Our taxes and fees are constantly being raised to unreasonable levels. I have no problem paying taxes, but I believe that one reason we are in the negative (deficit), is because illegal immigrants use up tons of social benefits, (food stamps, welfare, education, hospitals, housing, etc) but pay very little in taxes. I do not want my taxes to keep going up in order to further subsidize the living of illegal immigrants and their children. With taxes and fees so high, business are leaving CA. which I think is contributing to the high unemployment rates here.

i live in Northern Cal, and i think everything is better than what you described other than one thing: education- which is a horrible nightmare of selfish disregard for the problem.

would you like me to post data which shows that illegals pay more in revenue than they take in services? another highly repressed news story that the lame stream media misses.

No need. Ive seen those reports. I don't believe them. There are other reports that state the opposite of your claim. I have worked very closely with illegal immigrants, I got first hand insight into why they are here. It is disturbing to say the least.

[djAdvocate]

Jun 25, 2011 18:51:39 GMT -5 SweetVirginia said:

Jun 25, 2011 18:46:36 GMT -5 djAdvocate said:

i live in Northern Cal, and i think everything is better than what you described other than one thing: education- which is a horrible nightmare of selfish disregard for the problem.

would you like me to post data which shows that illegals pay more in revenue than they take in services? another highly repressed news story that the lame stream media misses.

No need. Ive seen those reports. I don't believe them. There are other reports that state the opposite of your claim. I have worked very closely with illegal immigrants, I got first hand insight into why they are here. It is disturbing to say the least.

well, if you have seen the reports, then i presume you disregard any reports which do NOT consider the amount of revenue that government gets FROM illegals. am i correct?

when the revenue numbers are taken into account, 80-120% of expenses are covered.

[SweetVirginia]

Jun 25, 2011 18:54:12 GMT -5 djAdvocate said:

Jun 25, 2011 18:51:39 GMT -5 SweetVirginia said:

No need. Ive seen those reports. I don't believe them. There are other reports that state the opposite of your claim. I have worked very closely with illegal immigrants, I got first hand insight into why they are here. It is disturbing to say the least.

well, if you have seen the reports, then i presume you disregard any reports which do NOT consider the amount of revenue that government gets FROM illegals. am i correct?

when the revenue numbers are taken into account, 80-120% of expenses are covered.

I tend to believe the opposing reports that say that illegals cost CA anywhere from 5 to 10 billion per year and that their tax contribution does not equal the cost of subsidizing them.

[rovo]

Sweet, Please note the other poster did not claim their taxes covered their expense. Reread. He said their "revenue" and I'm not sure what he means by that term. He didn't say "tax revenue".

[SweetVirginia]

Jun 25, 2011 19:15:59 GMT -5 rovo said:

Sweet, Please note the other poster did not claim their taxes covered their expense. Reread. He said their "revenue" and I'm not sure what he means by that term. He didn't say "tax revenue".

Perhaps one of the things he means as revenue would be their sale tax contribution and their consumption of goods and services.(I am only speculating on what he meant by revenue)

[djAdvocate]

Jun 25, 2011 19:25:45 GMT -5 SweetVirginia said:

Jun 25, 2011 19:15:59 GMT -5 rovo said:

Sweet, Please note the other poster did not claim their taxes covered their expense. Reread. He said their "revenue" and I'm not sure what he means by that term. He didn't say "tax revenue".

Perhaps one of the things he means as revenue would be their sale tax contribution and their consumption of goods and services.(I am only speculating on what he meant by revenue)

i meant government revenue.

like i say, even if you think there is a NET COST (and i don't deny that there may be) it is far lower than the gross cost that does NOT include tax revenues garnered in the form of payroll taxes (to accounts that don't belong to them, and are therefore uncollectable), sales and fuel taxes, property taxes, vehicle license fees, etc.

[SweetVirginia]

Jun 25, 2011 19:34:43 GMT -5 djAdvocate said:

Jun 25, 2011 19:25:45 GMT -5 SweetVirginia said:

Perhaps one of the things he means as revenue would be their sale tax contribution and their consumption of goods and services.(I am only speculating on what he meant by revenue)

i meant government revenue.

like i say, even if you think there is a NET COST (and i don't deny that there may be) it is far lower than the gross cost that does NOT include tax revenues garnered in the form of payroll taxes (to accounts that don't belong to them, and are therefore uncollectable), sales and fuel taxes, property taxes, vehicle license fees, etc.

I can agree with that. But I also think about where they get some of the money to pay for their sales, fuel and other taxes. Some of that money comes from welfare checks.

[djAdvocate]

Jun 25, 2011 19:43:04 GMT -5 SweetVirginia said:

Jun 25, 2011 19:34:43 GMT -5 djAdvocate said:

i meant government revenue.

like i say, even if you think there is a NET COST (and i don't deny that there may be) it is far lower than the gross cost that does NOT include tax revenues garnered in the form of payroll taxes (to accounts that don't belong to them, and are therefore uncollectable), sales and fuel taxes, property taxes, vehicle license fees, etc.

I can agree with that. But I also think about where they get some of the money to pay for their sales, fuel and other taxes. Some of that money comes from welfare checks.

i think that free medical care and schooling are BY FAR the higher costs. i am not even sure of the mechanism by which they could get welfare. are you?

[privateinvestor]

PI- i thought a budget was passed recently and vetoed by Brown. no?

Yes you are right I think Brown vetoed the Legislature's Budger and called it "Smoke & Mirrors Games" again and then Controller John Chung immediately put into place a halt on pay for CA lawmakers...So they went back to the drawing boards and are getting nowhere because the pay halt ruffles lawmakers feathers and they are blaming each other for an impasse again.

I think you have the same thing happening in the Nation's Capital but our Federal Lamakers are getting a pay check and laughing all the way to the bank...

But with that being said and back to the OP: Re: Mfg Jobs....don't overlook the Federal Reserve recent statement that unemployment should remain at @ 9% for the remainder of this year. And leading Economists like Robert Reich of Cal Berkeley have said they don't see much change in unemployment next year and that could be a big issue for Obama...and of course states like CA are dealing with higher unemployment than 9% ...our numbers out here hover @ 12% - 15%..in the farm and mfg areas in the CA central valley unemployment is @ 25% and many old timers think it is as bad as the "Great Depression" but that was a little before my time....but do recall the "good' times out here in the 90s..

[SweetVirginia]

Jun 25, 2011 19:59:40 GMT -5 djAdvocate said:

Jun 25, 2011 19:43:04 GMT -5 SweetVirginia said:

I can agree with that. But I also think about where they get some of the money to pay for their sales, fuel and other taxes. Some of that money comes from welfare checks.

i think that free medical care and schooling are BY FAR the higher costs. i am not even sure of the mechanism by which they could get welfare. are you?

Yes. Illegal immigrants who collect welfare checks (AFDC), do so through their American born children.

[SweetVirginia]

Jun 25, 2011 19:59:40 GMT -5 djAdvocate said:

Jun 25, 2011 19:43:04 GMT -5 SweetVirginia said:

i think that free medical care and schooling are BY FAR the higher costs. i am not even sure of the mechanism by which they could get welfare. are you?

You are right by the way. Educating the children of illegal aliens might cost 7.7 billion per year if the 2004 report I read was accurate. Medical and incarceration are the next largest expenses.