month in february we added 233,000 private sector jobs. more companies are bringing jobs back and investing in america. and manufacturing is adding jobs for the first time since the 1990s. we just had another good month last month in terms of adding manufacturing jobs. and this facility is part of the evidence of what s going on all across the country. this company is about to hire more than 200 new workers, 140 of them right here in petersburg, virginia. so the economy is getting stronger. and when i come to places like this and i see the work that s being done, it gives me confidence there are better days ahead. i know it because i would bet on american workers and american know-how any day of the week. the key now, our job now, is to keep this economic engine churning. we can t go back to the same policies that got us into this mess. we can t go back to an economy that was weakened by outsourcing and bad debt and phony financial profits. we ve got to have an economy that s
for tens of thousands of americans, the suffering began when mitt romney came to town. i just want to suggest something. maybe i just thought this up. the president has been running a very sharp campaign saying it s okay to make money if you re creating jobs like steven jobs or steven spielberg. anybody that makes things and puts people to work is a good american entrepreneur. the people that make money off money are not particularly good. we all try to get a dividend. but it seems to me to be saying, here s a direct case made for that. mitt romney has not made his money by creating jobs or building anything. he s created by a chop shop. a company that goes in and chops apart companies and gets rid of inefficiencies and creates debt and watches them go broke down the road. he s not a real businessman in terms of building something. he s a manipulator of money for
ruthless than wall street. for tens of thousands of americans, the suffering began when mitt romney came to town. i just want to suggest something. maybe i just thought this up. the president has been running a very sharp campaign saying it s okay to make money if you re creating jobs like steven jobs or steven spielberg. anybody that makes things and puts people to work is a good american entrepreneur. the people that make money off money are not particularly good. we all try to get a dividend. but it seems to me to be saying, here s a direct case made for that. mitt romney has not made his money by creating jobs or building anything. he s created by a chop shop. a company that goes in and chops apart companies and gets rid of inefficiencies and creates debt and watches them go broke down the road. he s not a real businessman in terms of building something.
like many young californians, steven jobs has a penchant for the western casual and a love of the scenic outdoors. and in the silicon valley, jobs is the classic example of the computer industry s philosophy which says, take a chance, you ve got nothing to lose. six years ago, working in this garage, jobs and a high school classmate quit their positions at large electronic companies and, using tiny silicon chips, built this small computer board. it became the technical core of the apple computer and led to a $250 million business and the most popular typewriter-sized computer on the market today. jobs is now only 26 years old. he is apple s chairman of the board and is successful, he says, because of the silicon valley s entrepreneurial risk culture. the penalty for failure for going and trying to start a company in this valley is nonexistent. there really isn t a penalty for failure, either psychologically or economically, in the sense
next year. wary of competition the company officials will only say it will be portable and aimed at small businesses. the entrepreneurial spirit is alive and well here, represented by all the startup companies that are after a piece of the technological pie. it is a spirit that appears to say, look out, apple, here we come. abc news in the silicon valley of california. you know, we ve all heard steve jobs and of steve wozniak when it comes to apple. there was a third guy, ronald wayne, and he sold his share back to the other two for $800. oh, ronald. oh, wow. from the past success of apple to the future success of facebook. by the looks of it, it s going to be a very bright future. banking behemoth goldman sachs has now invested $500 million in facebook. meaning the social networking site could be worth $50 billion. david muir crunches the numbers.