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00:09:0715 sec.
Obama, Barack - President

Hello, Virginia! (Applause.) Thank you so much. Thank you, everybody. Wow, what a unbelievable crowd. Everybody, please have a seat -- if you have...

00:09:2255 sec.
Obama, Barack - President

Well, thank you, James, for that rousing introduction and letting me hang out a little bit with your workers. We’ve got a few other folks I want...

00:10:1736 sec.
Obama, Barack - President

It is great to be back in Petersburg. (Applause.) Last time I was here was during the campaign. I had my bus pull over so I could get a cheeseburger...

00:10:5349 sec.
Obama, Barack - President

Now, back then, in 2008, we were talking about how working Americans were already having a tough go of it. Folks were working harder and longer for...

00:11:4231 sec.
Obama, Barack - President

And three and a half years later, we’re still recovering from the worst economic crisis in our lifetimes. And we’ve got a lot of work to do before...

00:12:131 min.
Obama, Barack - President

But here’s the good news. Over the past two years, our businesses have added nearly 4 million new jobs. (Applause.) We just found out that last...

00:13:3120 sec.
Obama, Barack - President

So the economy is getting stronger. And when I come to places like this, and I see the work that’s being done, it gives me confidence there are better...

00:13:5137 sec.
Obama, Barack - President

The key now -- our job now is to keep this economic engine churning. We can’t go back to the same policies that got us into this mess. We can’t...

00:14:2831 sec.
Obama, Barack - President

For generations of Americans, manufacturing has been the ticket into the middle class. Every day, millions clocked in at foundries and on assembly...

00:14:5939 sec.
Obama, Barack - President

The work was hard, but the jobs were good. They paid enough to own a home, and raise kids and send them to college, gave you enough to retire on with...

00:15:3845 sec.
Obama, Barack - President

And that’s why one of the first decisions I made as President was to stand by manufacturing, to stand by the American auto industry when it was on...

00:16:2336 sec.
Obama, Barack - President

And here’s the thing. They’re not just building cars again, they’re building better cars. For the first time in three decades, we raised fuel...

00:16:5947 sec.
Obama, Barack - President

And it shows that depending on foreign oil doesn’t have to be our future. It shows that when we harness our own ingenuity, our technology, then we...

00:17:4616 sec.
Obama, Barack - President

I just took a tour and I learned a bit about how a jet engine comes together. Don’t quiz me on it. (Laughter.) I'm a little fuzzy on some of the...

00:18:0227 sec.
Obama, Barack - President

But a few weeks ago, I actually got to see the finished product. I went to Boeing, in Washington State, and I checked out a new Dreamliner. I even...

00:18:2935 sec.
Obama, Barack - President

So this plane, the Dreamliner, is going to keep America at the cutting edge of aerospace technology. American workers are manufacturing various components...

00:19:0442 sec.
Obama, Barack - President

So think about that. Rolls-Royce is choosing to invest in America. You’re creating jobs here, manufacturing components for jet engines, for planes...

00:19:4618 sec.
Obama, Barack - President

Think about how important this is. I mean, imagine if the plane of the future was being built someplace else. Imagine if we had given up on the auto...

00:20:0443 sec.
Obama, Barack - President

But we didn’t. We’re Americans. We are inventors. We are builders. We’re Thomas Edison and we’re the Wright Brothers and we are Steven Jobs....

00:20:4732 sec.
Obama, Barack - President

So that’s why we launched an all-hands-on-deck effort. We brought together the brightest academic minds, the boldest business leaders, the most dedicated...

00:21:1923 sec.
Obama, Barack - President

I’m laying out my plans for a new National Network of Manufacturing Innovation –- and these are going to be institutes of manufacturing excellence...

00:21:4260 sec.
Obama, Barack - President

And if this sounds familiar, that’s because what you’re about to do right here at Crosspointe. Later this summer, the Commonwealth Center for Advanced...

00:22:4242 sec.
Obama, Barack - President

You just got all this brain power and skill and experience coming together in this hub, and that makes the whole greater than the sum of its parts....

00:23:2432 sec.
Obama, Barack - President

Obviously, big companies -- the Boeings, the Intels, the Rolls Royces -- they’ve got the resources, the capital, to be able to create these platforms....

00:23:561 min.
Obama, Barack - President

To do that, we need Congress to act. Hmm. (Laughter and applause.) It’s true. (Laughter.) But that doesn’t mean we have to hold our breath....

00:25:0016 sec.
Obama, Barack - President

And sparking this network of innovation across the country – it will create jobs and it will keep America in the manufacturing game. Of course, there’s...

00:25:1627 sec.
Obama, Barack - President

We’ve got to do everything we can to encourage more companies to make the decision to invest in America and bring jobs back from overseas. And we’re...

00:25:4314 sec.
Obama, Barack - President

Right now, companies get tax breaks for moving jobs and profits overseas. Companies that choose to invest in America, they get hit with one of the...

00:25:571 sec.
AUDIENCE

No!

00:25:5818 sec.
Obama, Barack - President

It makes no sense. Everybody knows it. So it's time to stop rewarding businesses that ship jobs overseas; reward companies that create good jobs right...

00:26:1645 sec.
Obama, Barack - President

At the same time, we’ve got to do everything we can to make sure our kids get an education that gives them every chance to succeed. (Applause.) ...

00:27:0122 sec.
Obama, Barack - President

And let’s make sure all our workers have the skills that companies like this one are looking for -- because we've got to have folks engaged in lifelong...

00:27:2337 sec.
Obama, Barack - President

So even if -- as I was meeting some of the folks here, they had been in the industry, they'd been machinists, they'd been in manufacturing for years....

00:28:0026 sec.
Obama, Barack - President

At a time when so many Americans are looking for work, no job opening should go unfilled just because people didn’t have an opportunity to get the...

00:28:2632 sec.
Obama, Barack - President

We need to create more partnerships like the one this plant has with John Tyler Community College. (Applause.) We should give more community colleges...

00:28:5828 sec.
Obama, Barack - President

So day by day, we’re restoring this economy from crisis. But we can’t stop there. We've got to make this economy ready for tomorrow. Day by day,...

00:29:2651 sec.
Obama, Barack - President

Every day we’re producing more oil and gas than we have in years, but we can’t stop there. I want our businesses to lead the world in clean energy,...

00:30:171 min.
Obama, Barack - President

I did not run for this office just to get back to where we were. I ran for this office to get us to where we need to be. (Applause.) And I promise...

00:31:186 min.
Obama, Barack - President

Thank you. (Applause.) God bless you. God bless the United States of America. (Applause.)

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