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Edition: U.S. Article Comments (0) Follow Reuters Obama touts innovation agenda for spurring jobs Tweet Share this Link this By Matt Spetalnick HILLSBORO, Oregon (Reuters) - President Barack Obama touted his agenda to foster innovation as a means of spurring job creation and boosting U.S. global competitiveness during a high-tech visit to the Pacific Northwest on... Email Print U.S. President Barack Obama speaks after touring a semiconductor manufacturing facility at Intel Corporation in Hillsboro, Oregon February 18, 2011. Credit: Reuters/Kevin Lamarque Related News Obama to name Intel CEO to White House jobs panel 1:09pm EST UPDATE 9-Apple's Steve Jobs at tech CEO meeting with Obama 12:44am EST Apple's Jobs to attend Obama meeting Thu, Feb 17 2011 UPDATE 6-Apple's Jobs to attend Obama meeting Thu, Feb 17 2011 House puts spending-cut knife to Pentagon Wed, Feb 16 2011 Analysis & Opinion Time for Apple to speak up on future leadership China will not stop at becoming world’s ‘number two’ Related Topics U.S. » Politics » Technology » Small Business » Barack Obama » Stocks By Matt Spetalnick HILLSBORO, Oregon | Fri Feb 18, 2011 3:39pm EST HILLSBORO, Oregon (Reuters) - President Barack Obama touted his agenda to foster innovation as a means of spurring job creation and boosting U.S. global competitiveness during a high-tech visit to the Pacific Northwest on Friday. Obama used a tour of an Intel Corp semiconductor plant in Oregon to underscore his commitment to finding ways to reduce stubbornly high unemployment -- considered crucial to his 2012 re-election chances. While facing a brewing budget fight back in Washington, Obama sought to showcase research, development and education -- areas he has vowed to protect from spending cuts -- as keys to rejuvenating the sluggish U.S. economy. "Even as we have to live within our means, we can't sacrifice investments in our future," Obama told Intel's workers. "If we want to win the future, America has to out-build, out-educate, out-innovate and out-hustle the rest of the world." Obama, in his State of the Union speech last month, called on Americans to rally around a "Sputnik moment" -- akin to the space race unleashed when the Soviets launched their first satellite in the 1950s -- for an increased focus on technological advances. The aim is to unleash a wave of innovation to face down fast-growing economic powers like China and India and generate new jobs at home. Obama's $3.7 trillion budget proposal for fiscal 2012 released this week seeks to keep funding for research, education and infrastructure intact even as it attempts to rein in deficit spending in some other areas. Republicans say Obama is not going far enough in embracing fiscal restraint and deeper cuts are needed. NAMES INTEL CHIEF TO JOBS PANEL The president's visit to the Hillsboro plant gave him a chance to see first-hand what Intel has billed as the world's most advanced semiconductor manufacturing site and to draw attention to programs to advance science, math and engineering studies. Citing the need to prepare Americans for new high-tech jobs and restore U.S. leadership in higher education, the White House said Obama is pledging government assistance to help train 100,000 science, technology, engineering, and math teachers by the end of the decade. Obama also used the opportunity to formally announce he had named Intel Chief Executive Paul Otellini to the President's Council on Jobs and Competitiveness, a new advisory board focused on finding ways to promote economic growth and hiring. The panel will hold its inaugural meeting at the White House on Thursday under the chairmanship of General Electric Co Chief Executive Jeffrey Immelt. Otellini's pick was the latest in a series of business-friendly appointments by Obama, who has shifted toward the political center since his Democrats were routed in the November congressional elections. "I am thrilled for Paul and commend the president for making high-tech a cornerstone of his council," Dean Garfield, president of the Information Technology Industry Council, said in a statement responding to the choice. 1 2 Next U.S. Politics Technology Small Business Barack Obama Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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