Biden plugs 3D printing initiative
President Joe Biden pledged Friday that 3D printing technology would help return factory jobs to the U.S. and reduce inflationary pressures as he traveled to an industrial Midwestern state with a Senate seat in play to make his case for the future of manufacturing.
Inflation at a 40-year high and Russian President Vladimir Putin’s invasion of Ukraine have caused growing uneasiness about the economy among voters.
Biden is staking his presidency in part on the promise that his policies on matters ranging from infrastructure to computer chips can create a more resilient economy.
“The pandemic and the economic crisis that we inherited and Putin’s war in Ukraine have all shown the vulnerability when we become too reliant on things made overseas,” Biden said. “We learned the hard way that we can’t fight inflation if supply chains buckle and send prices through the roof every time there’s a disruption.”
Biden went to United Performance Metals in Hamilton to highlight commitments by five leading U.S. manufacturers to boost their reliance on small and medium American firms for 3D printing. GE Aviation, Honeywell, Lockheed Martin, Raytheon and Siemens Energy have agreed to take part in the program. The president toured the factory with executives.
The promise of 3D printing is that it could reverse the outsourcing of factory jobs and industrial production, allowing for more components to be manufactured in the U.S. An analysis by the consulting firm Kearney estimated that the technology could produce $600 billion to $900 billion in economic value by enabling more production domestically.
The president also pressed Congress to approve a stalled competition and innovation bill that the Democratic president says is critical to bolstering domestic manufacturing and helping solve a semiconductor shortage that has delayed production of life-saving medical devices, smartphones, video game consoles, laptops and other modern conveniences.
“Pass the damn bill and send it to me,” Biden said Friday in his remarks.
Biden was in Ohio — where an open
“We learned the hard way that we can’t fight inflation if supply chains buckle and send prices through the roof every time there’s a disruption.”
President Joe Biden