Original Press Release
NAM Agenda Emphasizes Priorities for Economic Growth
Press release date: February 24, 2009
NAM ANNOUNCES AGENDA FOR 111TH CONGRESS; EMPHASIZES ECONOMIC RECOVERY, JOB CREATION
Manufacturing Is Key Driver Of Economic Recovery
WASHINGTON, D.C. February 23, 2009 - The National Association of Manufacturers (NAM) today released its Legislative Agenda for Economic Recovery and Job Creation. The NAM agenda focuses on legislative priorities that manufacturers have identified as key to economic recovery.
"The 111th Congress is meeting in a time of tremendous economic challenges," said NAM President and Chief Executive Officer John Engler. "Our nation faces a recession that has spread worldwide, sending a shock wave through the U.S. manufacturing sector.
"The NAM believes that Congress, the Obama Administration and the private sector are in a strong position to respond in a positive and effective way," Engler said. "Manufacturers employ nearly 13 million workers and contribute more than $1.6 trillion to the U.S. economy each year. Manufacturing is the largest driver of economic growth and accounts for the lion's share of private sector research and development."
However, Engler added, the vitality of U.S. manufacturing cannot be taken for granted. "It requires hard work and smart policies to keep U.S. manufacturing competitive in the global marketplace. The basic challenge is to retain and create jobs. A strong manufacturing sector is vital to meeting this challenge.
"On energy and taxes, health care and education, innovation and infrastructure, labor and trade, we need policies that encourage investment and remove the barriers to competition," Engler said. "Global competition will only get more vigorous, so manufacturers in America must always look ahead. We need to lay the groundwork now so we will be in a strengthened position to expand when the economy begins to grow again."
The full text of the NAM Agenda for Economic Recovery and Job Creation can be found at: http://nam.org/agenda. The National Association of Manufacturers is the nation's largest industrial trade association, representing small and large manufacturers in every industrial sector and in all 50 states. Headquartered in Washington, D.C., the NAM has 11 additional offices across the country. Visit the NAM's web site at www.nam.org for more information about manufacturing and the economy.