This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

AEM Commends President's Focus On Infrastructure And Manufacturing During State Of The Union

President Obama Delivers State of the Union Address, Focuses On Infrastructure Investment and Manufacturing Jobs

WASHINGTON, Feb. 13, 2013 /PRNewswire-USNewswire/ -- Following President Barack Obama's State of the Union address last night, Association of Equipment Manufacturers (AEM) President Dennis Slater issued the following statement:

"Last night, President Obama used his State of the Union address to express the need to create jobs and grow our economy. I couldn't agree more.  And while he touched on the important subjects of growing the manufacturing sector and improving our nation's infrastructure, there was an absence of focus on policies that could immediately create jobs and provide certainty to our economy.

"The President stressed the need to become energy independent, but failed to mention any plan to approve the Keystone XL pipeline.  Thousands of jobs are waiting on the Obama Administration to approve this pipeline so that more Americans can get to work.   Additionally, farmers, ranchers and business owners are anxiously waiting to see if Congress will pass a long-term farm bill.  The short-term extension passed this year did little to ease economic uncertainty and has deterred farmers and businesses from investing and creating more jobs.  President Obama's failure to address this issue was a real disappointment to the agriculture community that's so vital to our nation's economy and wellbeing. 

"AEM is pleased to see the President once again emphasizing the need for increased infrastructure investment, but we also recognize that short-term stimulus funding is nothing more than a quick fix and fails to address the long-term improvements that our nation requires.  The most effective way for the United States to stay competitive in job creation is to invest in a national, strategic vision to improve and preserve our infrastructure for years to come.  It is our sincere hope that Congress and President Obama will quickly come together to develop a robust, realistic and sustainable financing program for our nation's long-term infrastructure needs, and that the President takes the strong leadership role this critical issue demands.  

"AEM has long advocated that we must fix the nation's debt through a balanced approached of reduced spending and increased revenue.  The President emphasized the need to grow our manufacturing sector and create jobs here in the United States, and the number one step to doing so is to create a sound economic environment. 

"By working together to create serious proposals to confront the serious issues that we face today, we can improve our nation's fiscal situation and create an environment that allows equipment manufacturers to continue to thrive right here in the United States." 

About the Association of Equipment Manufacturers (AEM) - www.aem.org AEM is the North American-based international trade group providing innovative business development resources to advance the off-road equipment manufacturing industry in the global marketplace. AEM membership comprises more than 850 companies and more than 200 product lines in the agriculture, construction, forestry, mining and utility sectors worldwide. AEM is headquartered in Milwaukee, Wisconsin, with offices in the world capitals of Washington, D.C.: Ottawa, Canada; and Beijing, China.

CONTACT: Sara Sendek, AEM202-898-9064; ssendek@aem.org

SOURCE Association of Equipment Manufacturers (AEM)

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs