In a speech this February touting his new manufacturing plan, President Obama stopped by the Master Lock factory in Wisconsin to deliver some good news: manufacturing is strong again in the U.S.
The good news is this [resurgence] is starting to happen around the country. For the first time since 1990, American manufacturers are creating new jobs … More and more companies like Master Lock are now insourcing — (applause) — deciding that if the cost of doing business here isn’t too much different than the cost of doing business in places like China, then why wouldn’t you rather do it right here in the United States of America?
U.S. manufacturing shrank in June for the first time in nearly three years, adding to signs that economic growth is weakening. Production declined, and the number of new orders plunged, according to a monthly report released Monday by the Institute for Supply Management.
So, instead, U.S. manufacturing is down to its lowest level since July 2009. Three and half years into Obama’s first term and we’re back where we started—plus an additional $4 trillion in debt. This all may seem trifling to a President who’s off gallivanting from one celebrity fundraiser to another, but for the millions of Americans who are still unemployed, it’s just another of Obama’s mountain of failed promises.
To get back on top, Americans need a president who understands business. They need a man who is willing to make tough choices on the budget, not just keep borrowing from China. More than anything, they need a president who understands that Americans want jobs, not chances to meet Sarah Jessica Parker. America needs Mitt Romney to drive us back from the cliff.