Obama Announces Manufacturing, Education Initiatives for Better Jobs

The president discusses a path to create middle class jobs, promote economic growth.
4:19 | 02/12/13

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Transcript for Obama Announces Manufacturing, Education Initiatives for Better Jobs
Most of us agreed that a plan to reduce the deficit must be part. A -- and let's be clear. Deficit reduction alone. Is not an economic plan. A growing economy that creates good middle class jobs. Must be the north star that our guides our efforts. -- -- We should ask ourselves to request as a nation. How do we attract more jobs to our -- How do we equip our people with the skills they need to get those jobs. How do we make sure that hard work leads to a decent -- A year and a half ago I put toward an American Jobs Act that independent economists that would create more than one million new jobs. And I think the last congress for passing some -- -- -- I urge this congress to pass the rest. Tonight -- -- out additional proposals that are fully paid for. And fully consistent with the budget framework both parties agreed to just eighteen months ago. Let -- repeat. Nothing I'm proposing tonight should increase our deficit by a single dime it is not. A bigger government we need but a smarter government that sets priorities and invest in broad based growth. Our first priority. Is making America a magnet for new jobs and manufacturing. After shedding jobs for more than ten years our manufacturers about -- about 500000 jobs over the past three. Caterpillar is bringing jobs back from -- Ford is bringing jobs back from Mexico. And this year apple will start making -- in America again. There are things we can do right now to accelerate this track. Last year we created our first manufacturing innovation institute in Youngstown Ohio. Once shuttered warehouse is now a state of the art lap. Where new workers are mastering the 3-D printing that has the potential to revolutionize the way we make almost everything. There's no reason this can't happen and other towns. So tonight I'm announcing the launch of three more these manufacturing house where business is what partner with the Department of Defense. An energy to -- regions left behind by globalization. In the global centers of high tech jobs. And I -- This congress to help greater network -- fifteen of these house. And guaranteed that the next revolution in manufacturing is made right here in America we can get back. -- want to -- about products. We also have to invest in the best idea -- Every dollar we invest -- to map the human genome. Returned a 140 dollars to work -- Every dollar. Today our scientists are mapping the human brain to unlock the answers to -- -- They're developing drugs -- regenerate damaged organs. Devising new materials to make batteries ten times more power. Now is not the time to got. These job creating investments in science and innovation now the time to reach a level of -- -- He says the -- of the. Today -- area. Holds more promise than our investments in American energy.

This transcript has been automatically generated and may not be 100% accurate.

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