New Rep. Maloney Report Supports Need for “Make It In America” Agenda

Aug 2, 2010
Press Release
Washington, D.C. – The U.S. manufacturing sector added jobs in each month in the first half of 2010, following more than two years of unrelenting employment losses. A new report released today by the U.S. Congress Joint Economic Committee (JEC) examines this rebound while emphasizing that targeted policies are warranted to support the fragile expansion of the manufacturing sector.
"During this Great Recession, close to 3 million U.S. manufacturing workers lost their jobs. Like the country as a whole, New York's manufacturing base was deeply affected by the economic downturn," said JEC Chair Representative Carolyn Maloney. "Our report highlights the very reason why I've strongly supported the 'Make It In America' legislative agenda that has been working its way through Congress. This agenda includes policies that will boost demand, create jobs, and ensure that there is a level playing field for products made in the U.S."

The report, titled "Understanding the Economy: Promising Signs of Recovery in Manufacturing," also finds that while manufacturing employment gradually declined since its peak of 19.6 million employees in 1979, this decline greatly accelerated from February 2001 to February 2009. During this time period, 4.7 million manufacturing jobs were lost – more than 27 percent of employment within the sector.

"The economic policies of the Bush Administration clearly didn't help this sector of our economy," added Maloney. "However, the policies we have enacted during the past year and a half have contributed to the growth in manufacturing that we have now seen for six consecutive months. But, I am committed to further supporting this expanding sector of our economy, which is vital to America's global competitiveness and a key source of good-paying jobs."

Only 9,000 manufacturing jobs were added in June 2010, the smallest monthly gain during the first six months of 2010. Rep. Maloney has been working with her colleagues on the "Make It In America" agenda, which is aimed at fostering innovation and rebuilding America's manufacturing base. Rep. Maloney has strongly supported each of the five "Make It In America" bills that have passed the House.

One of these bills – the Manufacturing Enhancement Act of 2010 – recently passed both the House and the Senate and is expected to be signed into law. This law will cut costs for domestic manufacturers by suspending or reducing duties on hundreds of imported products needed by manufacturing companies.

In addition, in May of this year, the House of Representatives passed the America COMPETES Reauthorization Act of 2010 (HR 5116). The legislation will help bolster our nation’s economic competitiveness by supporting basic research – the fundamental building block for innovation – and making investments in science, technology, engineering and math.

“Investing in new technologies is a necessary ingredient for economic growth in the future,” continued Maloney. “The JEC has held a series of hearings on the importance of federal funding for basic research. Together with partnerships between universities and venture capitalists, basic research funded by the federal government helps form new businesses, creating jobs and helping the economy grow.”