Obama announces manufacturing institute in NC

The program is being funded by using $200 million in existing federal money.While the economy was the reason for Obama's trip, it wasn't without a dose of political drama.Kay Hagan, the state's Democratic U.S. But Obama praised her at the top of his speech, and she was likely to see Obama later in the evening back at the White House for a private meeting with Senate Democrats.The president also used the occasion to jawbone Congress to reinstate long-term unemployment benefits. senator, did not plan to join Obama as lawmakers often do when a president visits their turf. The report raised fresh concerns about the pace of the economic recovery. 15, 2014, ...RALEIGH, N.C. "That means, ultimately, energy savings that we can spread across the entire economy," Obama told reporters as he toured the company in shirtsleeves.. A lot of jobs were lost in the textile industry and furniture-making," he told 2,000 gathered at a North Carolina State University arena.Politics & GovernmentBudget, Tax & EconomyBarack ObamaNorth CarolinaThe White House says that since the end of the recession, manufacturing has grown at the fastest pace in more than a decade, with more than a half-million jobs added in the past four years. That meant the government no longer counted them as unemployed.Follow Darlene Superville on Twitter: http://www.twitter.com/dsupervilleapObama announces manufacturing institute in NC - Yahoo NewsBut he expressed optimism that the time is now for a change. And today I'm here to act," Obama said to applause.Obama's announcement was meant to give a manufacturing boost to the state that has taken hits in the recession. The program expired late last month and immediately cut off financial aid for more than 1.3 million people who have exhausted their state-paid unemployment benefits. It's being led by a consortium of 18 businesses and six universities, led by North Carolina State UniversityBefore his speech in Raleigh, Obama toured Vacon, a member of the consortium in nearby Durham that manufactures drives to make electric motors more energy-efficient by controlling their speed. "The pieces are all there to start bringing back more of the jobs that we've lost over the past decade."__Obama said his administration will announce the two other innovation hubs in the coming weeks " one focusing on digital design and another on light-weight metals. "This can be a breakthrough year for America," Obama said. (AP) " Making good on a promise from last year's State of the Union to help create good-paying American jobs, President Barack Obama on Wednesday announced a new public-private manufacturing hub in North Carolina to develop next-generation power electronics.Hagan's decision has raised questions about whether Obama has become a drag on vulnerable Democrats facing re-election. View galleryPresident Barack Obama speaks about the economy, jobs, and manufacturing, Wednesday, Jan. The GOP hopes unhappiness with Obama's health care law and Hagan's support for it will help topple her in November and help the party take back the Senate.The new manufacturing institute will focus on developing the next generation of energy-efficient, high-power electronic chips and devices that will be used to help make things like motors, consumer electronics and other devices that support the power grid, smaller, faster and more efficient. Her office said she wouldn't Read Home Page be there because the Senate is in session, an explanation Republicans weren't buying. "Manufacturing is a bright spot in this economy," Obama said.Obama's quick stop in North Carolina also comes after the government reported last Friday that employers added just 74,000 jobs in December. Senate votes Tuesday on a pair of Democratic-drafted proposals to reinstate the program fell short of the tally needed for passage."Where I can act on my own, without Congress, I'm going to do so. The figure includes the addition of about 80,000 jobs in just the past five months. "We're not going to turn things around overnight. The national unemployment rate also fell three-tenths of a percentage point, from 7 percent to 6.7 percent, to its lowest level in more than five years, but only because a wave of job-seekers had given up looking for work