Could this be a new return for manufacturing of new jobs to the US? He mentions 3-d printing. I remember a Policymic article on this same topic. It's pretty funny considering (going off topic here) that an episode of The Big Bang Theory was ahead of its time by showing how it worked.
So back to the speech: President Obama urges us to focus on the below:
reinvest in R&D
renewable energy for "good and American jobs to show for it", can result in lower energy bills. President Obama -finally, telling us what we already know, that science is not "hocus-pocus".
But this can't happen if legislators can't get beyond their partisan interest but must put the national interest a priority.