Obama Highlights Indiana Business as Example of Recovery

May 8, 2011


Comments Off on Obama Highlights Indiana Business as Example of Recovery

laquo; Previous |


| Next raquo;

Obama Highlights Indiana Business as Example of Recovery

May 06, 2011 1:11 PM

ABC News Tahman Bradley reports:

President Obama traveled to Indianapolis, Indiana today to discuss jobs and his energy policy.

The White House choose Allison Technology located in a Red state that Mr. Obama won in 2008 because the business employs 2,500 workers who build hybrid vehicle technology and manufacture fully automatic transmission for medium and heavy-duty commercial vehicles. In other words, they make parts for fuel efficient trucks and busses, and are making money doing so.

Allison apparently is doing very well, adding 50 jobs last month and planning to create 200 or more jobs by 2013. On a background conference call with reports, administration officials described Allison as a great success story. The company received $62.8 million in a cost share grant from stimulus funds.

Obama told the workers who gathered to hear him after a brief tour what they are doing is important.

This is where the American economy is rebuilding, where we are regaining our footing, he said. This economic momentum that’s taking place here at Allison is taking place all over the country.

Obama argued that new jobs will be created by places like Allison though new innovations like the technology used in trucks powered by Allison. America’s economy is always going to rely on outstanding technology, where we make stuff.

The president made his first comments on the April jobs numbers showing 268,000 private sector jobs added.

That means over the last 14 months, a little over a year, we’ve added more than 2 million jobs in the private sector.

Obama said the country has made this progress despite serious headwinds caused by high gas prices and the earthquake in Japan.

There’s always going to be some ups and downs like these as we come out of a recession, and there will undoubtly be some more challenges ahead, but the fact is we are still making progress and that proves how resilient the American economy is and how resilient the American worker is and that we can take a hit and we can keep on going forward. That’s exactly what we’re doing.

Obama greeted the crowd with a Hello Hoosiers before expressing his regret for what happened to the Indiana Pacers in the first round of the NBA Playoffs. He was being sarcastic because his beloved Chicago Bulls knocked off the Pacers.

Next for Obama today, a visit to Fort Campbell, Kentucky where he will speak to US service members who recently returned from deployment.

May 6, 2011

| Permalink
| Share
| User Comments (7)

article source