The issue here is JOBS, and Obama appears to be unwilling to come to grips with it.
The problem is really not Obama, the real problem is the democrats, Obama is their spokesman for their party of idealist socialism, it not just Obama, it's the whole bunch of them. A lot of people hate me because I keep preaching that the policies of Obama are the policies of the Democrats so you need to stop just blaming Obama. For some reason a lot of people can not see that there is no conservative democrats, they are all socialists, the blue dog democrats are a thing of the long long past, long gone, we need to push that message on FR.
Why would anyone create more capacity in a market with excess capacity, even with incentives? Of course, not every market has excess capacity. Would you have been against expanding smartphone capacity a few years ago?