Obama eyes investments in technology manufacturing

[ProSense]

Obama eyes investments in technology manufacturing

PITTSBURGH (Reuters) – President Barack Obama will launch an initiative on Friday to develop new manufacturing jobs by teaming government up with companies and universities to invest more than $500 million in advanced technologies.

Obama will visit Carnegie Mellon University in Pittsburgh to launch the Advanced Manufacturing Partnership, which aims to speed development of a new generation of American-made high-technology products.

The White House noted that major new technologies in the past were commercialized into vast industries with the help of government-university-company partnerships, including telephones, jet engines and the Internet.

It hopes for similar achievements by speeding development of new technologies such as next-generation robotics, advanced composite materials, small high-powered batteries and bio-manufacturing.

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[MannyGoldstein]

1. How about spending the $500 Mil on the millions of Americans who go hungry?

And stopping the three new "free" trade bills that will spread even more hunger?

[ProSense]

3. This is a thread about investment and job creation, but

if you're interested: President Obama has put policies in place to address hunger and homelessness.

"first major federal antipoverty effort in decades"

Federal Strategic Plan to End Homelessness

[ClarkUSA]

5. Facts about President Obama trumps bullshit complaints every time.

:thumbsup:

Bookmarked for future reference:

President Obama has put policies in place to address hunger and homelessness.

"first major federal antipoverty effort in decades"

"Federal Strategic Plan to End Homelessness"

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=433&topic_id=694869&mesg_id=694897

[woo me with science]

2. This is a good idea IF accompanied by demand-side stimulus

that allows people to invest in, purchase, and create demand for these new technologies.

Otherwise, he runs into the exact same problem he encountered when he promised an explosion in green energy technologies in 2008. When people have no cash to build and buy, there is no market for any of this.

[Hawkowl]

4. This is a program to improve exports

See we give all this money to help companies come up with cutting edge manufacturing tech, then we couple this with all the Free Trade Agreements Obama is pushing. We will get a fabulous payoff when our stateless companies such as GE, BP, Exxon, GM, etc. can use this technology to set up cheap labor plants all across the world!

The only way out of this Great Recession is to re-instate the tarriff system, impose large tax penalties for exporting jobs, increase the marginal tax rates on the wealthy back to Eisenhower levels, AND increase wages.

Otherwise we are simply re arranging the deck chairs on the Titanic.

[ClarkUSA]

6. Great. We need to grow manufacturing of 21st century industries..

I have friends who work in hi-tech start-ups in Pittsburgh in conjunction with Carnegie Mellon who are looking forward to seeing him.

[CakeGrrl]

7. Link to remarks and a few pix of the visit here:

http://theobamadiary.com/2011/06/24/carnegie-mellon/#comments

[Tx4obama]

8. Here's a link to the White House press release with all the details

President Obama Launches Advanced Manufacturing Partnership
http://www.whitehouse.gov/the-press-office/2011/06/24/president-obama-launches-advanced-manufacturing-partnership