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Remarks of President Barack Obama

Now, after so many years of failing to act, there are those who suggest that nothing government can do will make a difference; that what we've seen in places like Troy is inevitable; that somehow, the parts of our country that helped us lead in the last century don't have what it takes to help us lead in this one. I am here today to tell you that this is just flat out wrong. What we have here is a community filled with talented people, entrepreneurial small businesses, and world-class learning institutions. The ingredients are here for growth and success and a better future.

You are proving that in the Hudson Valley. Students here are training full time while working part time at GE Energy in Schenectady, becoming a new generation of American leaders in a new generation of American manufacturing. IBM has partnered with the University at Albany; their partnership in nanotechnology is helping students train in the industries in which America has the potential to lead. Rensselaer is partnering not only with this institution but with businesses throughout the Tech Valley. And early next year, Hudson Valley Community College's state-of-the-art TEC-SMART training facility is set to open side-by-side with Global Foundry's coming state-of-the-art semiconductor plant.

So we know that Upstate New Yorkcan succeed. And we know that in a global economy - where there is no room for error and there is certainly no room for wasted potential - America needs you to succeed. As we emerge from this economic crisis, our great challenge will be to ensure that we do not simply drift into the future, accepting less for our children and less for America. Instead, we must choose to do what past generations have done: shape a brighter future through hard work and innovation. That's how we'll not only recover, but rebuild stronger than before: strong enough to compete in the global economy; strong enough to avoid the cycles of boom and bust that have wreaked so much havoc; strong enough to create and support the jobs of the future in the industries of the future.

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