Obama says investment at home can help lift US economy
News from Xinhua:

WASHINGTON, June 25 (Xinhua) — U.S. President Barack Obama on Saturday touted investment at home as a key to propping up the world’s largest economy, despite the ongoing deficit reduction efforts.

Budget cutting did not mean cutting “our way to prosperity”, Obama said in his weekly address, adding that “we need to do what’s necessary to grow our economy, create good, middle-class jobs, and make it possible for all Americans to pursue their dreams”.

“It means rebuilding our crumbling roads, railways and runways. And it means investing in the cutting-edge research and technologies that will spur growth in the years ahead, from clean energy to advanced manufacturing,” Obama said.

He noted that this week the administration had launched an Advanced Manufacturing Partnership, an initiative to bring the federal government together with some innovative companies and manufacturers, in a bid to bolster advanced manufacturing research and development and spur job creation…………… continues on Xinhua
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Obama Highlights Tech Investment Program
News from My Fox Boston:

(NewsCore) – WASHINGTON — President Barack Obama highlighted a government initiative to develop new manufacturing technologies as a way of encouraging US economic growth Saturday, while warning that the country cannot “simply cut our way to prosperity.”

Obama said the $ 500 million program would invest in faster creation at companies and universities to boost the nation’s commerce.

“Their mission is to come up with a way to get ideas from the drawing board to the manufacturing floor to the marketplace as swiftly as possible, which will help create quality jobs, and make our businesses more competitive,” he said in his weekly radio and internet address Saturday.

The address was taped Friday at Carnegie Mellon University, Pittsburg, which is among the institutions benefiting from the program.

Delivering the radio address for the Republican party, Rep. Renee Ellmers (R-N.C.) criticized Obama’s administration …………… continues on My Fox Boston

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