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Posts Tagged ‘obama state of the union’

President Wants Funds to Shift Away From Gas-Powered Cars

Energy Security Trust would divert oil revenues to develop clean technologies like batteries, hydrogen.

by on Feb.13, 2013

The president calls for the creation of a national Energy Security Trust to help shift away from oil.

President Barack Obama wants to divert some of the revenues the federal government receives for oil and gas drilling to help find ways to shift to cleaner energy sources like battery power and hydrogen fuel cells.

In his State of the Union address, the president noted that there are significant new revenues being raised by leasing rights for expanded oil and natural gas production on public lands. He envisions using some of that to fund a new Energy Security Trust.

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“If a nonpartisan coalition of CEOs and retired generals and admirals can get behind this idea, then so can we,” Obama said. “Let’s take their advice and free our families and businesses from the painful spikes in gas prices that we have put up with far too long.”


Domestics, Transplants Adding More Auto Jobs

Chrysler, VW, Honda responding to booming sales.

by on Feb.02, 2012

Chrysler will add another 1,000 U.S. workers to support production of the Dodge Dart.

The strong upturn in U.S. car sales will translate into a wave of new jobs for American auto workers.  Chrysler, Volkswagen and Honda all are announcing plans to expand production – meaning more workers – at plants across the country.

The biggest increase announced this week comes at Chrysler.  During a call to discuss the maker’s $183 million profit for 2011, CEO Sergio Marchionne revealed the maker will add another 1,000 workers at a plant in Belvidere, Illinois.  That will come in the form of a third shift to handle production of the new Dodge Dart sedan.

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Chrysler has added thousands of jobs in the last 12 months and is preparing to ramp up production – and employment at several other facilities, including about 1,600 workers who will man a third shift at the Jeep plant near downtown Detroit and another Motor City facility that will begin production of the newly-updated Dodge Viper sports car later this year.

But the domestic makers – Ford and General Motors also on a hiring binge – aren’t alone, a new study suggesting 100,000 U.S. auto jobs will be added this year and next.


American Auto Industry A Highlight in Obama State-of-the-Union

“The American auto industry is back.”

by on Jan.25, 2012

Pres. Obama giving the state-of-the-union address.

At a time when the American government appears all but paralyzed by partisanship, where concerns remain about the U.S. economy and an upcoming election raises questions about the fundamental direction the nation must take, President Barack Obama came out swinging as he began his state-of-the-union address on Tuesday night.

And the president put the spotlight on two key success stories as a highlight of both what the nation can achieve – and what he and his administration have accomplished.  Members of both parties quickly jumped to their feet as he praised the men and women of the American military.  But there were cheers yet again when he turned to manufacturing and, in particular, to revival of the auto industry.

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“We bet on American workers.  We bet on American ingenuity.  And tonight, the American auto industry is back,” the president proclaimed.

It was an in-your-face reference to the controversial, $85 billion bailout of General Motors and Chrysler, a move that still has many conservatives referring to the two manufacturers as “Government Motors,” nearly three years after they entered bankruptcy, and despite their collective recovery.