Chairman and CEO Dave Cote introduced President Barack Obama at a media briefing after a meeting with the President and 12 other CEOs at the White House in support of the proposed U.S. Reinvestment and Recovery Plan.
“Now is not the time for our country to be timid,” Cote said. “We need to get this thing done. The business community has great confidence in our President to provide the direction and the leadership that is needed in these tough times to make it happen. But he can’t do it alone…all of us have to help. As for Honeywell, you can count on us and all of our employees to be there to help support this.”
President Obama said, “These are people who make things, who hire people. They are on the front lines in seeing the enormous problems in our economy right now. Their ideas and their concerns have helped to shape our recovery package, and I’m grateful that they’re here today to talk about why it’s so important that we act, and act swiftly, in order to get this economy back on track.”
“We are very supportive of the Reinvestment and Recovery Plan,” said Cote. “Our message would be it needs to get done fast. Getting money out fast to people who will spend it…and investment in the future of the country, whether its infrastructure, energy efficiency, math and science…all these things need to happen,” said Cote. “There are great strides that we can make in this country in energy efficiency, there are a number of solutions out there that are possible and we just need to encourage people to do it. It improves our energy security and just makes sense.”
Cote also stated that the U.S. is in desperate need of engineers, and stressed the importance of investing in math and science education.
Nearly half of Honeywell’s product portfolio is linked to energy efficiency. Simply by using the Honeywell technologies available in the marketplace today, the U.S. could reduce energy demand by 15 to 20 percent.