Last month, President Obama visited Austin, Texas to tout middle-class job creation.
He spoke at Applied Materials AMAT 0%, one of four companies receiving funds from a five-year, $120 million project headed up by the Department of Energy to advance “next generation battery and energy storage technologies for electric and hybrid cars.”
The same company also received a $3.9 million taxpayer grant for LED manufacturing in 2010.
Obama’s tour, as he explained, was part of a broad five-agency, $200-million White House plan
to sponsor competition “to create three new manufacturing innovation
institutes.” Despite a $16.8 trillion deficit, the White House wants to
spend an additional $1 billion on such federal jobs initiatives.
READ MORE: http://www.forbes.com/sites/robertbradley/2013/06/03/barack-obamas-texas-swing-165-miles-from-job-creation/
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