The economic recovery that should have been occurring during the last two or three years is taking longer than expected. Many people are still unemployed, and of those of us who do have jobs right now, many are suffering from uncertainty.
The answer to our sluggish recuperation from the Great Recession may lie in the manufacturing sector. Last week, President Obama delivered a speech at the Carnegie Mellon University in Pittsburgh, PA in which he outlined plans to revitalize the US manufacturing industry and boost job growth.
This initiative, called the Advanced Manufacturing Partnership, calls for an investment of $500 million to jumpstart the plan. The Partnership would bring together government agencies, corporations and universities for research and development projects in manufacturing.
Obama believes that if we utilize these different resources and invest in information technology, biotechnology, and nanotechnology, we can enable the creation of solid manufacturing jobs in the US.
By reducing costs, improving quality, and accelerating product development using these various technologies, we can ultimately create a renaissance within the American manufacturing industry.
In addition to revitalizing the industry within the US and creating jobs in our country, these investments will also help us compete with the rest of the world in manufacturing technology. The United States is a nation that was built on inventing and manufacturing, and Obama believes that we can make this happen once again.
Obama said that the Advanced Manufacturing Partnership would not just create jobs for the future, but also for right now. This could be the final measure that takes us out of the last leg of our lethargic economic recovery.
This necessary and immediate call for action could be because Obama is up for re-election in 2012. He realizes that he must make certain moves to once again to gain our country’s love and support. Obama came out swinging in 2008 with big ideas of turning our country around, speaking of change and new hope.
Over the last few years, he lost a lot of that original support when the job market and overall economy never got better. Now is the time to make up for it, and Obama realizes this.
By investing into the technologies that produce revolutionary ideas, new jobs will be created, breakthroughs will be made, and the manufacturing sector will boom once again in the United States.
Then again, it seems like this should have happened three or four years ago, when the economy was really suffering. People are still recovering from massive job losses and the big slump in the manufacturing industry a few years ago. For Obama’s sake, hopefully the Advanced Manufacturing Partnership isn’t too little too late.
- The Role of Advanced Manufacturing in Increasing Global Competitiveness (whitehouse.gov)
- President Obama Tours Alcoa and Talks Manufacturing in Iowa (whitehouse.gov)