ITIF Comments on State of the Union
WASHINGTON - In response to President Obama's State of the Union Address, ITIF made the following statement:
"The President's affirmation of the importance of manufacturing is a welcome message. However, we cannot rebuild our economy or restore the hopes of workers without a bold, comprehensive and coherent strategy to revitalize manufacturing that includes state-of-the-art technology, well-trained workers, pro-innovation tax policies and rules-based trade.
As ITIF's analyses have shown, the depth of the Great Recession and the anemic pace of the recovery are directly linked to the manufacturing job losses in recent years, which are unprecedented in our history - exceeding even those experienced during the Great Depression.
The President's speech affirms the fact that manufacturing still matters. The reality is that when we los