U.S. President Barack Obama fueled optimism in the diesel industry with a speech on August 8 before a joint meeting of Congress and a national TV audience, during which he emphasized re-establishing the American economy as “the engine and the envy of the world.”
Today, 94 percent of all global trade is powered by diesel engines on trucks, ships, and railroads, according to the Diesel Technology Forum (DTF), a Maryland-based trade organization whose members stand to benefit from Obama’s $447 million American Jobs Act.
With six million long-term unemployed Americans—and 86 percent of the U.S. public “frustrated” or “angry” with the federal government, according to a recent poll—the Obama took a feisty tone in addressing a Congress that has virtually been deadlocked for the past six months. “You should pass this now,” he exhorted repeatedly during the half-hour address... Read More
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