orangeleader.com (Orange, Texas)

State News

May 9, 2013

Obama to open middle-class jobs, opportunity tour

(Continued)

WASHINGTON —

"He's focusing on economic issues that are at the core of his agenda, and have always been at the core of his agenda," White House press secretary Jay Carney said.

But the slowly improving economy masks the stagnant wages and fewer working hours that strike directly at the president's base of support — young people, racial minorities and the less affluent. The average unemployment rate in the first three months of the year was 7.7 percent, but the rate was 13.6 percent for blacks and 9.5 percent for Latinos.

Before Obama departed Washington for a stay of about five hours in Texas, the White House announced a pair of initiatives it said would help the economy in the absence of action by Congress.

The administration announced the launch of a competition to create three new Manufacturing Innovation Institutes, partnerships among businesses, universities and government to help U.S.-based manufacturers and workers create good jobs. Five federal agencies — Defense, Energy, Commerce, NASA and the National Science Foundation — are putting $200 million toward the effort. The president also will ask Congress for a one-time investment of $1 billion to create a nationwide network of 15 such institutes.

The White House also announced an executive order and other steps to make government data more easily available to entrepreneurs, researchers and others who can then use the information to create new products and services, build businesses and create jobs.

Obama planned to visit Manor New Tech High School near Austin, where the curriculum is based on science, technology, engineering and math. He'll hold separate meetings with middle-class workers and technology entrepreneurs, and visit Applied Materials, a high-tech company whose products help make goods like smartphones, flat-screen TVs and solar panels more affordable, according to its website.

 

Text Only
State News
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide