Obama: 'We're Building Iron Man'

"Not really -- maybe. It's classified."

On Tuesday, President Obama announced that the United States is building Iron Man. Of course, he was joking. The president was actually promoting a new project created by the Defense Department to attract high-tech jobs in Chicago and Detroit. 

The DD is opening institutes in those two cities using $140 million from businesses and universities as well as another $140 million from federal funds according to Reuters. The report states that Chicago's hub will center around digital manufacturing and design, while the Detroit institute will focus on modern metals manufacturing. 

Obama used the occasion to fire off a joke about building Iron Man. Announcing from the White House, he said:

Today I am joined by researchers who invent some of the most advanced metals on the planet; designers who are modeling prototypes in the digital cloud; folks from the Pentagon who support their work.

Basically, I'm here to announce that we're building Iron Man. [laughter] I'm going to blast off in a second. This has been a secret project we've been working on for a long time. Not really -- maybe. It's classified.

Obviously concerned, "Tony Stark" responded: