President Obama: "We're building an IRON MAN"

President Barack Obama spoke at a Manufacturing Innovation event on Tuesday and announced two new public-private manufacturing innovation institutes – in Chicago and Detroit – with a surprising revelation: “I’m here to announce that we’re building Iron Man.” The Manufacturing Innovation event is designed to bridge the gap between “applied research and product development” with the goal of combining the resources of companies, universities and federal agencies to co-invest in key technology areas. And, the first innovation Obama announced would make Tony Stark jealous. “This has been a secret project we’ve been working on for a long time,” Obama told attendees.