It’s interesting that President Obama named Ron Bloom the senior counselor for manufacturing policy yesterday. You can read about it here. Prior to this appointment, Mr. Bloom was a senior adviser to Treasury Secretary Timothy Geithner and was part of the auto industry task force since February.

In naming Bloom to this position, President Obama is following through on one of his campaign promises to re-vitalize U.S. manufacturing and putting some resources to focus on this critical issue could be another step in reversing the slide that we’ve experienced for such a long time. Time and results will tell how effective this announcement will be.