a number of things like that, like making us a manufacturing nation. i go to a lot of manufactures and the biggest problem they have is obama karen dodds frank, the government pick eating winners and losers, the lack of skilled workforce coming out of our education system and the things that he is not talking about. so, the economic situation in america would not be hard to solve because it's out there fighting back despite the policies of washington. but we are making it harder and harder to succeed and uncertainty has now outpaced the rewards and that is really how our economy works is individual takes a risk in hope of getting a report in if you get millions of people doing that you have a dynamic vibrant economy but when you raise the risk level and

she serves on the board of the national association of manufacturers and is the chair of the national association of manufacturers, small and medium manufacturers group. she also serves as a member of the manufacturing council. welcome. dr. jared bernstein served as chief economist and economic adviser to vice president biden and a member of president obama's team. before joining the obama administration, he was a senior economi economist. between 1995 and 1996 he was at the u.s. department of labor. he holds a ph.d. in social welfare from columbia university. dr. matthew mitchell is senior research fellow for economics at the mercatus center. his primary interests include economic freedom, growth, fiscal policy, public choice, and institutional economics. dr. mitchell currently serves on the joint advisory board for the commonwealth of virginia. dr. mitchell received his ph.d. from george mason university. he received his undergraduate degrees from arizona state university and i have no idea what the school colors are so we'll move on. let me again explain our lining system. i think

manufacturing jobs. cleveland 10th and columbus 19th in the whole country. leads the nation in general purpose machinery, second in metal working machinery. 67.74% gross state product is generated by manufacturing, about 80 billion annually. tenth in the nation and fifth in the nation for total manufacturing and dollars. so given what i have just said, paint the picture of youngstown, ohio. what did it look like before? what does it look like now? >> it used to have steel miles that would be miles long down the mahoning river. and there are some great old pictures of it looks like a town is emptying out because there are thousands and thousands of workers getting out when the whistle blew. people lived all around the steel mill and company towns in some senses. but just in neighborhoods like the breyer hill neighborhood where all the italian immigrants settled and would walk down in to work. and it was a bustling place. now it was dirty. the wives were sweeping the porches twice, sometimes three times a day because the soot would come out of the steel mill. so it was a much

as you think about a national manufacturing policy, what do you think are the essential elements and at does the national government do to move the ball forward? >> thanks for having this conference today, and it is great to be joined here with colleagues at the state and local level and also with jay, who has a global perspective on this. my position on it is really pretty simple having toured 200 manufacturers in the last five years. what they're looking for is not the federal government to play an active role in their lives. i asked them about it, one have 600 spois 00903. so hoping more tart. . the thing i hear most about hon ersly we have both an individual tax system this is he have. each one of our competitors have reformed thiz. and the complexity is also on. leg fligs. this is why i've introduced legislation. it's my partisan that forces regulators to look at the cost analysis and the impact on jobs and also how to use the least burdensome alternative. certainly energy costs is a big deal, as is health care costs. it's what the federal government can do to create the environm

many of the issues at the federal level that have an enormous effect on manufacturing competitiveness. as you think about a nationalng policy, what do you think are the essential elements, and what does the national government do to move the ball forward? >> well, first, thanks for having this conference today, and it is great to be joined here with, um, colleagues at the state and local level and also with jay who's got a global perspective on this. you know, my position on it's really pretty simple having toured about 100 manufacturers in ohio in the last few years. what they're looking for is not for the federal government to play an active role in their lives, but to create the environment for success. and to me, it comes down to five or six issues, and i ask our manufacturers about each of these issues every time i visit. one, certainly, is trade. you talked about that a little earlier. 25% of the jobs in ohio that are manufacturing jobs, and by the way we have 600,000 of them now, we want more, are trade jobs because they support exports. so incredibly important that we have open markets. i think as jay will

your stated goal which i share that we can do more for our industrial base, our local manufacturing and again our national security as opposed to relying on manufactured items from countries that may turn on us and may not end up being our friends? is that something we can work on together? i think that's important. >> absolutely. i would have no problem working with you on that on that aspect. i want to be able to turn to our base in this country when we have to respond and mobilize. >> all right. thank you very much. mr. chairman, i give you back the balance of my time. >> thank you. mr. scott. >> thank you, mr. chairman. gentlemen, i appreciate you hanging around just for my question. and general you spoke about the isr capabilities. we have the jsors there and it's not appropriate here but would like to get some information. there is an efficient way to increase capabilities of that unit and those planes that would i think be a significant cost savings so i'll provide that information for you and work my staff to your staff. i will tell you i did not vote for the sequestration. i represent robbins air

this is the second largest car manufacture in the nation, a never that goes back, if you good back to world war ii and korea making american products for american military personnel. let me run through a few things on ford. they can come out at $225,000 per vehicle. and what is more important, ford's estimates because they make cars and trucks for a living, their estimates now, their original estimates will be within 4% of their actual production costs. so as we look at all these different programs, we all know it's pretty hard to get it within that 4%. ford can do that. what they tell you now is what will be the vehicle costs in the future. they can save us over $100 billion, taxpayers, congress, and the army and marine corps over life cycle cost and production costs over the life of this vehicle. the most troubling aspect of this is this. this is a quote from dod. talking about why the procurement date for this is set up for this june. the main question is ford asked for an extra 12 months so they can compete for this. they were turned down by dod. dod said no. and here is what they

your stated goal which i share that we can do more for our industrial base, our local manufacturing and again our national security as opposed to relying on manufactured items from countries that may turn on us and may not end up being our friends? is that something we can work on together? i think that's important. >> absolutely. i would have no problem working with you on that on that aspect. i want to be

nation's worst. not any more. today michigan is creating one of every ten new manufacturing jobs in the nation.d that is tonight's sunday cover, a new role for an old industry. >> that's something new to show you. >> reporter: dave schowalter makes soiled sterling silver beads for bracelets with college logos using software originally developed for auto and heir space design. >> we were able to tap the talent base that was highly skilled, that we might not otherwise have been able to do in a good economy. >> jeff: his two-year-old college bead company employs 20 people including aid at this grand rapids factory, jobs that used to be in chaina. the schowalter says 30% of the beads made from there were detective. >> if-- defective. >> if you look at hourly wages it's cheaper in china but you take the whole package, the shipping, the time lag, the quality, it's actually less expensive to produce it here in the states. >> jeff: college bead is part of a trend in michigan where 45,000 manufacturing jobs have been created in just the past two years. only a third are in the auto industry. schowalter l

highway safety association, international union of operating engineers, motor and equipment manufacturers, national asphalt pavement, national association of development organizations, u.s. chamber of commerce, national stone, sand and gravel, national construction alliance. oh, it goes o. that's just a partial list of those 1,000-plus organizations. when we started our bill, madam president, you remember we made history because we had richard trumpka, the head of the afl-cio, sitting next to donnelly, tom donnelly -- donahue, sorry -- correct me -- donahue, the head of the chamber of commerce. donahue and trumpka, the odd couple. they're fighting and arguing on everything. they come together in front of our committee because they know we will all benefit, all of america benefits when we do a bill like this. so i think i've shared with you a lot but there is one more thing. if we allow this bill to go away and we are stuck with an extension, because the transportation fund is not collecting enough gas tax revenuerevenues because -- thera good news reason -- we're getting better fuel economy and we'

oversee many of the issues at the federal level that have enormous effect on manufacturing competitiveness? as you think about a nationalanufacturing policy what do you think are essential elements and what is the national government do to move the ball forward? >> thanks for having this conference today and it is great to be joined here with colleagues. at the state and local level and also wit jay who has a global perspective on this. . . i'm sure you hear about a lot on the tax side of course we have both an individual tax system that is uncertain at the end of the year you may see a huge increase in taxes and on the corporate side of course we are dealing with antiquated tax code we haven't touched in the last two decades. each competitor has reformed there is making it more competitive so we are at the top and in terms of the rate and the complexities of the top which makes it less competitive in the global marketplace is so that issue and then the regulatory side depending on the business terms almost always a regulation of the federal level people talk about and this is why i introduced legislation that's biparti

same people have an opportunity to enter the middle class the epidemics vanish we need a national manufacturing policy a brand new trade policy we need to enforce the sherman antitrust act to break up with big companies and give people a chance to start small family businesses and compete with the transnational corporate giants and we need to move wealth down the ladder by rolling back the reagan tax cuts this whole mess all started when reagan took a prosperous nation thirty years of incredible prosperity after world war two and using his voodoo reaganomics as his vice president george herbert walker bush called it turned our country into a wasteland economically reaganomics needs to be reversed now we need to kick corporate government but corporate power out of our government and dump the last vestiges of reaganomics so that we can finally late the soil in which to grow a new middle class instead of growing drug addicted at the democrats. that's the big picture for tonight for more information on the stories we covered visit our web sites at top aravind are called free speech dot org and arch

manufacturing. these are growth industries in our nation. we're excited about the increase in manufacturing that's happening in this country. but this is so important that the president is making clear investments in an inventive sector, going to create jobs for americans right now and into the future. and if not done, could seriously hurt our economic growth in the future. >> agreed. we are seeing the signs of recovery. but we've got a lot of work ahead. 8.3% unemployment is completely unacceptable. the president is making investments to continue the job growth. it starts with the payroll tax holiday, which i know you're making progress on. extending unemployment. fixing, as you said, sgr. the president looks forward to signing something soon. >> we would like to fix it permanently. >> that's a different conversation but let's get it done. let's get payroll tax holiday done so there is not a tax increase on 1600 million americans. it starts there. there is is a call for an immediate $50 billion investment in infrastructure, which i think is

. >> of carroll county school is receiving some national attention tonight. they have a manufacturing and machine technology program. it is the first in the state to obtain national accreditation in metalworking skills. >> we need to make sure we are working with industries -- you have to be able to have the same equipment at the schools that they are going to find in the workplace. >> students to complete the program earn college credits and also can land high-tech manufacturing jobs. >> the aide to former congresswoman gabrielle giffords announced he will run for re conceit in a special election. he said he has been asked to run for the position. he served as her district director in congress from 2007 until she resigned last month. he was also injured in last year's deadly shooting in tucson. she said she and her husband, after not mark kelly, a fully support his candidacy. >> the city is seeking thousands from a candidate. >> baltimore's mayor response to questions about her use of the city's skybox for football games. >> there is some cold coming this way along with the potential

building super tankers to carry more of that gasoline that that is now the number one manufacturer export of our nation through the panama canal and off to asia as well to to south america and europe. and these guys as you say seven months ago nobody even knew what this was and they were not just well into the planning but well into the implementation of it you have put a significant log in the road in front of them. i'm guessing they're not going to give up easily no i think not big oil is not used to losing they almost never lose and they're mad about this when the president denied the permit the head of the american petroleum institute said there will be quote huge political consequences unquote i mean he's mr big oil and he has the resources to back up his threats so good on the white house for being willing to just stay brave in the face of that kind of threat now we need the democrats in the senate to do the same thing and one of the pieces of good news today was that chuck schumer from new york one of the people we were worried about because he hadn't said that he was going to really stand firm

national security. we need to have a manufacturing base in this economy. why? because of our national security. ladies and gentlemen, this is a hostile world, and we need to make sure that we are reliant upon ourselves. and that means we need to create a marketplace where we can compete with everybody around the world. no advantages. just level playing field. right now american manufacturers have a 20% cost differential disadvantage. that's excluding labor costs with our nine top trading partners. that, of course, includes canada, mexico, china. we need to level that playing field. why is it higher? well, because of government taxes and regulations. well, if that's the problem, then government has a responsibility to create an opportunity for you to go out and compete on that level playing field. well, that's why i've zeroed out the corporate tax and have said to those of you who have sent jobs overseas, if you take that money back, instead of paying the tax that you have to pay when you repay treeuate profits, if you invest that money in plant equipment you will pay no corporate, you will pay

high growth company cut across all the spectrum and services and manufacturing, all regions around the nation. >> steve, i want you to listen to this exchange the president had this week with a woman named jennifer waddell from texas. my husband has an engineering degree with over ten years of experience. and he was laid off three years ago and has yet to find a permanent job in his field. >> what city tells me is that they don't have enough highly skilled engineers. >> so here is the trouble. we talk about science, technology, engineering, math, here is a guy who is a semi conductor engineer that can't find a job. that's a narrative you hear from people a lot. talk about creating jobs, the business of telling the president how to make that happen. people are still pretty frustrated. >> absolutely. there is, as you say, a disconnect. there are jobs that are available but generally they have a retirement in terms of engineering skills that most people don't have, which is why focusing our schools back on the s.t.e.m. topic is so critically important which is important if year bog to win this g

the manager of the american national exhibition, he had been the president of the national association of manufacturers, and when he called me home, i came to his office and he said "hope you're not mad at me" i said no, there must be a good reason. he said remember last year we were negotiating with the soviets to set up an exchange of exhibitions and it failed? while you were away i succeeded. he is one of the best negotiators i've ever seen, and he said i would like you to be my assistant, when we get over there you will be the coordinator. >> ambassador, let's look a picture of you with president eisenhowe eisenhower. >> that was taken, mcclellan was back home in california. eisenhower invited me to the office to thank us really, thanks to everybody. including the guides for fantastic job that we had done. >> who designed the exhibition? >> we had welton beckett subcontracted to italian contractors. we had the buck minister fuller was very generous, let one of his top colleagues come up with other ideas and they expanded his idea, and anodized the aluminum gold color, 75 feet high and could hold ab

oversee many of the issues at the federal level that have enormous effect on manufacturing competitiveness? as you think about a national manufacturing policy what do you think are essential elements and what is the national government do to move the ball forward? >> thanks for having this conference today and it is great to be joined here with colleagues. at the state and local level and also wit jay who has a global perspective on this. . . i'm sure you hear about a lot on the tax side of course we have both an individual tax system that is uncertain at the end of the year you may see a huge increase in taxes and on the corporate side of course we are dealing with antiquated tax code we haven't touched in the last two decades. each competitor has reformed there is making it more competitive so we are at the top and in terms of the rate and the complexities of the top which makes it less competitive in the global marketplace is so that issue and then the regulatory side depending on the business terms almost always a regulation of the federal level people talk about and this is why i introduced legislation that's bipar

manager of the american national exhibition, and he had been the president of the national association of manufacturers. and when he called me home, i came to his office and he said, i hope you're not mad at me. i said, no, must be a good reason. he said, remember last year at commerce we were negotiating with the soviets to set up an exchange of exhibitions and it failed? while you were away, i succeeded. what he didn't say is he is probably one of the best negotiators i've ever seen. and he said, i'd like you to be my assistant. then we get over there, you'll be the coordinator of the exhibition. >> ambassador, let's take a look at a picture. jason. let's look at a picture of you with president eisenhower. you can see the pictures. >> that was taken -- actually, mcclellan should have been there. he was back home in california. eisenhower invited me to the office to thank us really, thanks to everybody. including the people on the stage here. all the guides. for the fantastic job that we had done. >> jason, let's have the next picture. who designed the exhibition? >> we had welton beckett was a major

for every dollar invested in manufacturing in america, 1.35 is generated in the economy. according to the nationaliation of manufacturing, for every manufacturing job, you get three jobs in other industries. that new plant like carlyle, then the men and women who work there eat at restaurants, go to the store and buy their tires. small numbers that might add up for the world's american superpower. >>> still "outfront," the "outfront 5." russia's role. asaad is off the reservation. he is being armed and supported by russia. >> drunk as a defense. >> the prosecution says this was a premeditated intentional murder. >> all this "outfront" in our second half. i wouldn't do that. get married? no, i wouldn't use that single miles credit card. nice ring. knock it off. ignore him. with the capital one venture card you earn... double miles on every purchase. [ sharon ] 3d is so real larry. i'm right here larry. if you're not earning double miles... you're settling for half. really? a plaid tie? what, are we in prep school? [ male announcer ] get the venture card at capitalone.com and earn double miles on ev

look at the impact of higher energy prices, rising energy prices, what it would mean to our nation's manufactures and how much more it would cost our nations manufacturers. the -- reversing president obama's offshore moratorium act, the jobs and energy permitting act, putting the gulf of mexico back to work, restarting american offshore leasing, energy tax prevention, these are all bills that have been introduced in the house, passed, many with very strong bipartisan support, and they're awaiting action in the senate. somebody else in this chamber who has done a tremendous job fighting for natural gas development, making sure that those jobs are created in his backyard, mr. reed from new york, a gentleman from the ways and means committee. mr. reed: thank you to the gentleman from colorado and the gentleman from texas for coming down to the floor tonight and i'm honored to join you tonight to have this conversation about developing a comprehensive american energy plan that will lead to energy independence for america, but in the short-term, put many americans back to work. we've all been talking

german manufacturing workers make about 45 or $48 an hour, in the united states they make about $32 an hour, germany has a national health care plan, germany has very strong unions. but in germany the difference is that all the political parties say we value manufacturing. we want to keep manufacturing jobs in the united states. we want to form an education and training program that's going to prepare young people for these careers, we want to make our capital a little more patient so we're not worried about quarterly earning statements, we're worried about long-term grow growth. and there are government policies that can help produce an ecology like that that helps manufacturing to thrive. what we've experienced the last two decades has been an adjunct failure, and that's free trade, tax cuts and a laissez-faire attitude. i think we need smart government policies to help support private sector entrepreneurship and competitors. >> next call, dale from arizona. thanks for hanging on. you're on with scott paul. >> caller: good morning. please give me a little time to speak because i always have a lot to say because

manufacturers offer them? here's abc's senior national correspondent, jim avila. >> reporter: it would be the first government mandate designed to protect someone outside the car. >> look back. ready to go. >> reporter: from a danger dramatically illustrated by this public service message. >> but wait. behind the vehicle are 62 children. and not a single one could be seen. >> reporter: but despite three letters from the transportation secretary notifying congress it anticipated action by tomorrow, and a prominent media report saying the government would order car manufacturers to install rear-view cameras on all passenger vehicles. abc news has learned the department of transportation has decided to again delay what critics say is a life-saving measure. >> the worst thing that could ever happen, ever happen in a parent's life, is the loss of a child. >> reporter: janette fennel's kidsandcars.org started this crusade nine years ago. and says this is the second delay by d.o.t. a year-long postponement that could cost 100 additional lives. the surprisingly terrible statistics, 50 children a week backed over by a

for every dollar invested in manufacturing in america, 1.35 is generated in the economy. according to the nationalon of manufacturing, for every manufacturing job, you get three jobs in other industries. that new plant like carlyle, then the men and women who work there eat at restaurants, go to the store and buy their tires. small numbers that might add up for the world's american superpower. >>> still "outfront," the "outfront 5." russia's role. asaad is off the reservation. he is being armed and supported by russia. >> drunk as a defense. >> the prosecution says this was a premeditated intentional murder. >> all this "outfront" in our second half. fees. tdd# 1-800-345-2550 there are atm fees. tdd# 1-800-345-2550 account service fees. tdd# 1-800-345-2550 and the most dreaded fees of all, hidden fees. tdd# 1-800-345-2550 at charles schwab, you won't pay fees on top of fees. tdd# 1-800-345-2550 no monthly account service fees. tdd# 1-800-345-2550 no hidden fees. tdd# 1-800-345-2550 and we rebate every atm fee. tdd# 1-800-345-2550 so talk to chuck tdd# 1-800-345-2550 because when it comes to talkin

national pride and need in times of war. today it's about creating and retaining jobs. it's about showing that manufacturing. it's about building things. it's about innovation. manufacturing is about high-tech production, its sophisticated engineering, its advanced technologies and remains a ticket to the middle class. we're finally seeing recognition in washington that manufacturing is critical to our economic recovery. for 12 years, from 1997 through the eight bush years into 2009, we had seen a decline every single year in ohio manufacturing, in american manufacturing. but for the last 21 months we've seen an increase in manufacturing jobs in america, and an increase in manufacturing jobs in ohio. it started in part with the auto rescue, where if some conservative politicians in washington had their way, they would have allowed the auto industry simply to declare bankruptcy with no ability to finance a restructure of the auto industry. instead, working -- the president working with the senate, working with the house rescued that industry by investing in that industry. today in my state, we are seeing thou

manufacturing is great for detroit and is great for the entire country. it is great for the national security for our country. [applause] it is not just manufacturers that we give a tax break to. i will take the corporate tax rate and cut in half to 17.5%, a flat tax. he would be able to the expense of everything, no depreciation. a simple tax code. leveling the playing field. how? the little guy and the big guy -- the little guy will play the same -- pay the same rights as the big guy. they have the opportunity to have a level playing field. simplifying the tax code, one tax credit for research and development so we can keep this knowledge based economy going in america. we will have a dynamic market growth with lower energy prices, energy production, lower regulatory -- maybe that is not the best word. working with business to help them produce with a better tax rate and the zero tax rate for manufacturers. this will get america growing on the tax side. that is only part of the problem. we have to do some other things on the government side. government is hampering our economy and

manufacturing. and that's why we're making a national commitment to train 2 million americans with skills to they needtart their own business use] right now. compa we wind up with more companies that want to help.o bu we've already got model partnerships between major losinesses like siemens and community colleges. they are already up and runningr we know how they work and we also need to give more community colleges the resources they need to become community career centers, places where folks can learn the skills that local businesses are looking for right now from data management to high-tech manufacturing.hi this should be an engine of job growth all across the country.r, these community colleges.nd and that's why we've got to support them. that's why it's such a big priority.em why it >> president obama speaking on monday. kelly field why the focus on community colleges? what does the president believee that they can do? what is their niche? >> well, community colleges are able to respond to local workforce needs pretty quickly. and so he sees them as central to his jobs agenda. he's also seeing

many of the issues of the federal level that have an enormous effect on manufacturing competitiveness. as you think about a nationalanufacturing policy, what do you think are the essential elements? what can the national government do to move the ball forward? >> thanks for having this conference today. it is great to be joined with colleagues at the state and local level and also with jay who has a global perspective on this. my position is simple. having toured about 100 manufacturers in ohio, what they're looking for is to create an environment for success. to me, it comes down to five or six issues. i asked our manufacturers about these issues. one is certainly trade. we talked about that earlier. 25% of the jobs in ohio are trade jobs because they support exports. it is incredibly important we have open markets. we can do a lot better. we do not export as much as our competitors do. opening markets and being sure it is a level playing field. opening markets but also on the enforcement side. the thing i hear the most about is the regulatory tax environment. that is the uncertainty. i am sure you hear about it a

but what makes it harder to compete, as a nation, china has created the greatest manufacturing ecosystem the world has ever seen. once they decided they would feed the masses by building our stuff, the chinese government spent billions building factories, moving workers and engineering the kind of engineers that can run this line. but here's the twist. inside the most gee-whiz top-secret factory at foxconn, the most expensive machines in here are made in america. wow. look at that. like a scene out of "wall-e." and they're replacing chinese workers. on this line, you only need four skilled employees, instead of 40 or 400 unskilled 1s. and they know they have to study hard and keep moving up the value chain, as automation replaces elbow grease. and once they get more skills, chances are, they'll realize they have a lot more power. what would happen if, for example, the people we saw on the iphone line this morning got together at lunch and said, we have some demands? what would happen to them? >> well, so far, we haven't seen the massive movement of labor union, organized by the workers.

cigarette the markets this crude is still on the rise of the china's manufacturing index unexpectedly right to suspect a nation of the world's second biggest consumer is withstanding the european debt crisis u.s. stocks are up as a.d.p. reports one hundred seventy thousand new jobs were added in january in the north farm sector marking the twenty fourth consecutive month of gains. in europe the both the other acts are also positive and reports the european central bank could help reduce greece's debt by returning gains on greek government bonds with originally purchased at a discount and here in moscow everything's also positive will be on t.l.c. my six gating one of the house the said wednesday session the main movers on the my six include gas problem is now profit rose over forty one percent in first nine months of last year predicts full year profits will be up twenty five percent oil pipeline operator trance near its preferred shares were weaker than the market the company plans to invest thirteen billion dollars into its infrastructure by twenty twenty and after is in the red number of forces russian sale

manufacturers get a prrchs. they get a bit of a subsidy. they get a 25% effective rate instead of a stat other rate, and yet, i read that my friend jay timons, the ceo of the nationaltion of manufacturers, even he is against it. why do you reckon? >> well, i think it's the same thing. when you look at the oil and natural gas industry, our refining sector, there's nothing more american manufacturing than refining and creating fuels for this country. yet, once again well, lose our standard deductions, our ability to operate, so when you get the lower tax rate, it's of no real value. it really doesn't help you become more competitive if significantly increased your cost elsewhere by denying you standard deductions, standard business operations. that's why you see business generally come out opposed to this. i frankly don't think it's a serious proposal. otherwise, the president would have put something on the table that was more uniform and more consistent striving to really make us more competitive in a global environment. >> yeah. probably should have just rounded you all off and tried to work something out ahead of time, but this may just be a show horse, not a wor