Saturday, January 29

the Weekly Presidential Address for January 29th 2011 (Transcript)

Below is the transcript for the Weekly Presidential Address for January 29th 2011 as provided by: The White House - Office of the Press Secretary. Watch the related Video of the Weekly Address by clicking here.

For Immediate Release:
Weekly Address: "America Will Win the Future by Out-Innovating, Out-Educating, and Out-Building Our Competitors"

WASHINGTON – In this week’s address, President Obama called Orion Energy Systems in Manitowoc, Wisconsin an example of how America can win the future by being the best place on Earth to do business. Orion was able to open with the help of small business loans and incentives that are creating demand for clean energy technologies. By sparking innovation and spurring new products and technologies, America will unleash the talent and ingenuity of American workers and businesses, which will lead to new, good jobs.

Remarks of President Barack Obama
Weekly Address
Manitowoc, Wisconsin
January 29, 2011

I’m speaking to you today from Manitowoc, Wisconsin, where I’m at an innovative company called Orion Energy Systems.

Just a few years ago, this was an empty warehouse. A major employer had shut down this factory, moved its operations abroad, and took a lot of jobs away from this town.

But today, as you can see behind me, this is a thriving enterprise once more. You are looking at a factory where 250 workers are building advanced clean energy systems – state-of-the-art technologies that use solar power and energy efficiency to save farms and businesses thousands of dollars on their utility bills.

I’m here because this business and others like it are showing us the way forward. And in the coming days, I’ll be shining a spotlight on innovators across America who are relying on new technologies to create new jobs and opportunities in new industries.

That’s what companies like Orion are doing. And that’s how America will win the future – by out-innovating, out-educating, and out-building our competitors. We’ll win the future by being the best place on Earth to do business. That is what we are called to do at this moment. And in my state of the union, I talked about how we get there.

It starts by making sure that every single child can get a good education and every American can afford college or career training. Because that’s what will help light the spark in the minds of innovators – and ensure that our people have the skills to work for innovative companies.

We also need to make sure that America can move goods and information as fast as any of our competitors, whether on the road or online. Because good infrastructure helps our businesses sell their products and services faster and cheaper.

We have to reform our government and cut wasteful spending, so that we eliminate what we don’t need to pay for the investments we need to grow, like education and medical research.

And as we can see here in Manitowoc, we need to ensure that we are promoting innovation – especially in promising areas like clean energy. This is going to be key to growing our economy and helping businesses create jobs. Orion, for example, was able to open with the help of small business loans and incentives that are creating demand for clean energy technologies like wind power and solar panels.

That’s why I’ve proposed a bigger tax credit for the research that companies do. And to give these companies the certainty of knowing there will be a market for what they sell, I’ve set this goal for America: by 2035, 80 percent of electricity should come from clean energy.

This is going to help spark innovation at businesses across America. This is going to spur new products and technologies. This is going to lead to good, new jobs. And that’s how we win the future – by unleashing the talent and ingenuity of American businesses and American workers in every corner of this country.

So to those who say that America’s best days are behind us, let them come here, to Manitowoc. Let them come to this once-shuttered factory that is now bustling with workers building new technologies for the world. Let them come here to see the incredible promise of our country.

This is the future. And it’s bright.

Thank you.

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