Obama Promotes Upstate Economy in Visit To Albany

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President Obama touted the upstate economy in a speech at the University of Albany today, saying the work at the school’s nanocenter should to be replicated across the nation.

The visit was Obama’s third to the Capital Region since he took office. He took a tour of the expansive College of Nanoscale Science and Engineering at the University at Albany before he delivered a speech on the U.S. economy.

“This school and this community represent the future of our economy,” Obama said. “Right now, some of the most advanced manufacturing work in America is being done right here in upstate New York.”

Obama praised the work at the nanocenter and Gov. Andrew Cuomo.  The state-owned facility has partnered with biggest names in the technology sector, like Intel and IBM, to research the latest in nanotechnology, the study of semiconductors that go in everything from computers to medical devices.

In September, the state announced a deal with five high-tech companies who agreed to invest $4.4 billion in computer chip research over the next five years in New York. The companies agreed to work out of facilities throughout the state, including the college in Albany and other sites in Canandaigua, Ontario County; East Fishkill, Dutchess County; and Yorktown Heights, Westchester County.

Obama said the success comes from government working with the private sector.

“We know the true engine of job creation in this country is the private sector; it’s not Washington,” Obama said. “But there are steps we can take as a nation to make it easier for companies to grow and to hire, to create platforms of success for them.”

Obama knocked Congress for not working together to build the economy, offering them a five-step, to-do list this year. He said the nation has regained 4 million jobs over the past two years.

“We’re making progress, but everybody knows we need to do more,” he said. “And in order to do that, we’re going to need more action from Congress. Democrats and Republicans have to come together.”

He said the to-do list is the size of a Post-It note, so “every member of Congress should have time to read it.”

He joked, “Hopefully we’ll just be checking off the list, just like when Michelle gives me a list, I check it off.”

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  1. What? In the Albany region we have witnessed an 18.4% reduction in NY State’s workforce, more than a 1,500 teacher layoffs, numerous retail operations shutting down, cutbacks in the home building, construction and real estate industries, etc…. Granted we are doing better than some places around the country but upstate New York has taken more than its fair share of job market hits. And, for young people, especially college graduates, this “slow” upstate economy has been devastatingly difficult to find that first, entry level professional job. Many of those who are working are academically overqualified for what they are now doing. They do it just to earn some kind of income. I will give the president his due, however, he did turn around the awful, life destroying collapse of the American workforce created by George Bush, Dick Cheney, etc… Thanks to Bush’s poor decision making and war mongering almost 9,000,000 jobs were wiped out n this country alone, in just 30 months. At least Obama has been able to create some jobs, to halt the skid, …just not enough of them.

  2. In A Nutshell on

    The reason so many college graduates are unemployed is because they learned little or nothing over four expensive years other than the price of a keg of beer. Anyone who is truly educated and with good grades from a quality school and who can add true value to a company has no problem finding a job. And so it has ever been. What “business” other than government would hire an ignorant malcontent who is not only looking for an easy paycheck, but also spending weekends denigrating the company who signs that check?