Obama forecasts manufacturing comeback
June 24th, 2011
12:08 PM ET
3 years ago

Obama forecasts manufacturing comeback

(CNN) - President Obama – whose poll numbers have dipped in recent weeks amid a stubbornly sluggish economic recovery – touted the hard-hit manufacturing sector Friday, saying the country’s best production days may well lie ahead.

“We are inventors, we are makers, and we are doers. If we want a robust growing economy, we need a robust manufacturing sector,” Obama told a crowd at Pittsburgh’s Carnegie Mellon University, the school founded by steel industrialist Andrew Carnegie nearly 100 years ago.

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Filed under: Economy • President Obama
soundoff (22 Responses)
  1. Inmyopinion

    Look around you, more empty promises and if Democrats go through with higher taxes than definitely manufacturing, production in our country is out and will stay in foreign countries.

    June 24, 2011 12:19 pm at 12:19 pm |
  2. john

    Just another teleprompter speech from the teleprompter president that knows nothing about “earning money”, running a business, making payroll for employees. Pity the America public. Now we 20+ percent unemployment, 0 percent on earnings. We have the Democratic president driving this nation into bankruptcy.

    The country’s best production days are ahead, when Obama and Democrats are out of a job.

    June 24, 2011 12:28 pm at 12:28 pm |
  3. obama victim

    I have this bridge if anyone is interested???

    June 24, 2011 12:31 pm at 12:31 pm |
  4. ConservaFASCISTS

    Republicans have absolutely NO PLAN whatsover to bring manufacturing jobs or any other jobs back to this country. They have sold America out....LITERALLY!!! They ran on a platform of JOBS and here they are talking about devastating cuts to the budget and not mentioning one darn thing about JOBS!!! They are rejecting jobs bills they were once in favor of. They are a bunch of TRAITORS. I remember once when a VP by the name of Dick Cheney said " deficits don't matter." Where are the jobs Boehner, Cantor & McConnell?????

    June 24, 2011 12:32 pm at 12:32 pm |
  5. vic , nashville ,tn

    May be but it won’t produce 200 000 jobs very month that is big problem

    To create 200 000 jobs government must step up and make big changes

    “Yes we can” “hope” “change” out there with out meaning

    June 24, 2011 12:35 pm at 12:35 pm |
  6. Four and The Door

    Do you want to know what works for creating jobs? Low taxes and effective management. But don't take my word, look at what Gov. Rick Perry has accomplished in Texas this year:

    US Dept of Labor Bureau of Statistics June 17th 2011:

    Over the year, 15 states experienced statistically significant changes in employment,
    all of which were increases. The largest increase occurred in Texas (+205,400)...

    June 24, 2011 12:39 pm at 12:39 pm |
  7. Rudy NYC

    Mr. President, what type of manufacturing do you have in mind? Republicans destroyed nearly half of our manufacturing over the past decade. The factories are gone for good. We need new industries. But every new product or industry we create is subbed out overseas. Did you know that China is the largest manufacturer of solar panels in the world? Ditto for batteries in hybrid and electric cars.

    June 24, 2011 12:44 pm at 12:44 pm |
  8. Rudy NYC

    Over the year, 15 states experienced statistically significant changes in employment,
    all of which were increases. The largest increase occurred in Texas (+205,400)...
    ==================
    Deficits don't matter, do they?

    June 24, 2011 12:46 pm at 12:46 pm |
  9. Four and The Door

    ConservaFASCISTS
    Republicans have absolutely NO PLAN whatsover to bring manufacturing jobs or any other jobs back to this country.
    ______________________________________________________________________________________________
    Everything the Republicans have been doing and fighting for absolutely brings manufacturing jobs back to America. The jobs left because taxes are so high here. Large companies have left America because the taxes are so high here. Being an American company puts any business at a disadvantage in the global economy because the taxes are so high here. Republicans are fighting to reduce government spending so the economy does not continue to be hammered by high taxes. And jobs come back. It is straightforward, simple and it will work.

    June 24, 2011 12:47 pm at 12:47 pm |
  10. Democrat Class Warfare - Destroying the economy, destroying the country

    Why in God's green earth would ANY company build a manufacturing plant in the USA with all of it's laws, rules, regulations, taxes, red tape and a Democrat party that demonizes them at every turn? Then they have to deal with corrupt unions as well. The fact is that the USA is NOT COMPETITIVE with the world in this area and will NOT grow in this arena given the environment that Obama and the Democrats have only made ten times worse.

    June 24, 2011 12:56 pm at 12:56 pm |
  11. jim

    As an American, I have to say -- AMERICA SUCKS !!!!!!!

    All in DC suck ! Can't wait for it to be ash.

    June 24, 2011 12:59 pm at 12:59 pm |
  12. Oregon Calling

    Four and The Door,

    You can't be that gullible, can you?

    Peace :-)

    June 24, 2011 01:02 pm at 1:02 pm |
  13. The Elephant In The Room

    The fact is that over the past 30 years, we've looked down our noses at manufacturing jobs. Can't you remember when 1980's [read Republican Party] economists were touting the "Service Industry"; a misnomer – it was hardly an "industry". They did this because the policies at that time did nothing to support production in this country and now we are paying for it.

    We pay paper pushers and mis-directed quantitiatively-skilled people to work on Wall Street in finance which produces no value add to the customer. We allow them to earn outlandish bonuses and salaries while not adding anything to society. We glorify these positions instead of engineers that are, in the President's words: 'are inventors, are makers, are doers.

    Our education systems & Department of Education, which the GOP want's to abolish, must perform for the next 25 years to reverse this trend. Only smart, motivated, unselfish, hardworking students will create the innovative products that CREATE JOBS and have the advanced skills to work in the factories with automated & robotic equipment to build those products.

    JOBS are only created to fill a marketplace Demand; not because taxes are reduced. If a businessman can meet demand with his/her existing workforce, they will. If they can't, they will hire. Innovative products that take marketshare from other competitors creates or shifts demand. It starts with students that can compete intellectually with the rest of the world

    June 24, 2011 01:03 pm at 1:03 pm |
  14. Rudy NYC

    Four wrote:
    Large companies have left America because the taxes are so high here.
    ======================
    America has some of the lowest effective corporate tax rates in the world. No, Four. Companies moved because of attractive loop holes like being able to deduct any all foreign corporate taxes off of their US tax obligations. They have been given various incentives to move manufacturing and jobs overseas. When CEOs can earn more than what the entire corporation pays in taxes, I think that fact tels the truth about your high taxes idea. The US taxpayer winds up paying for the taxes paid by corporations to foreign nations.

    June 24, 2011 01:09 pm at 1:09 pm |
  15. Rudy NYC

    Everything the Republicans have been doing and fighting for absolutely brings manufacturing jobs back to America.
    ==================
    We last nearly half of our manufacturing jobs during the Bush years. That was at a time of supposed economic boom times for those receiving the Bush Tax Cuts. What happened to our manufacturing?

    June 24, 2011 01:12 pm at 1:12 pm |
  16. just a thought

    I do not believe either party can do anything about creating jops as long as greedy manufacters take their jobs offshore.I saw ths happening as far back as the 1960's. Manufactering and agriculture is the backbone of any economy and to remove these two esentuals industries from the state is to break the backbone. Take look at what is being sold in the stores; very little is maufactured in the U S, the same with agriculture products, athough that industry has not been hit as hard. So unless the government can do something to bring those jobs back home the economy is going to suffer.

    June 24, 2011 01:15 pm at 1:15 pm |
  17. jim

    In the 2012 elections, I don't plan on voting democrat, republican, or independent. I plan on writing in ...

    - Hu Jintao
    - Felipe Calderon
    - Pratibha Devisingh Patil

    .... for president of the USA. Our current leaders, and potential leaders, could care less about American jobs, or the American people, (unless their rich). My write-in candidates have all the American jobs. Maybe if we vote for them, they will allow us to work for them ! All of our leaders truly suck the big one – To hell with them all !!!!

    June 24, 2011 01:18 pm at 1:18 pm |
  18. ConservaFASCISTS

    Four and the Door said: "Republicans are fighting to reduce government spending so the economy does not continue to be hammered by high taxes."
    -------------------------------------------------–
    Here we go with this tax nonsense again. Corporations were paying more taxes under Clinton and 23 million jobs were created and we had a surplus at the end of his term. Corporations paid less taxes under Bush and 3 millions jobs were created and we were left with a catastrophic recession. Men lie, numbers don't!

    June 24, 2011 01:30 pm at 1:30 pm |
  19. JMR49

    Four and the Door – Staight forward and simple for you – you are wrong. Don't you get tired of repeating the same crap? 10 years of REALITY under your cut gov't / cut taxes BS mantra proves that. The GOP has clearly proved they intend to drag the economy down to win in 2012.

    June 24, 2011 01:32 pm at 1:32 pm |
  20. Patrick from Minnesota

    Four... sure, "everything the Republicans have been doing and fighting for absolutely brings jobs back to America." Oh, like giving major tax cuts to corporations who ship our jobs overseas? Or proposing that the government reduce payroll by 30%? Have you ever noticed that the highest umemployment surges happened under Republican Presidents (Reagan, Bush, look it up, I dare you)? Your ignorance never ceases to amaze me.

    June 24, 2011 01:37 pm at 1:37 pm |
  21. New Age Independent

    Ok, Libs. You say that Republicans have no plan for anything. Well, we both know that isnt true. But what is Obama's plan here? What has be done in office to promote manufacturing? The stimulus plan was a complete flop, and was completely inefficient to create any growth. I don't think you can pin this on any one President. GATT and NAFTA were problematic at best. There doesn't seem to be any reason for US companies to keep jobs in the US anymore. Increasing the tax load on companies along with the health care mandates (although there are numerous companies in Pelosi's district getting healthcare waivers) certainly don't give companies incentive to hire either.

    June 24, 2011 01:47 pm at 1:47 pm |
  22. B

    It will not come back until lthe major corporations,including the banks, stop trying to get rid of Obama by sitting on trillions tp prevent the President from succeeding at anything.

    They apparently are willing to compromise the country to try and put another Republican in charge so they can again control every aspect of the economy including their Tax breaks with no regulations again.

    June 24, 2011 02:04 pm at 2:04 pm |