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Indo American News • Friday, March 4, 2011
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Friday, March 4, 2011
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IndoAmerican News
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US Competing with India to Maintain Leadership Stature: Obama
WASHINGTON D.C.: “We now live in a world that’s more connected and more competitive than ever before. When each of you tries to bring new jobs and industries to your state, you’re not just competing with each other but you’re competing with China, you’re competing with India, you’re competing with Brazil, you’re competing with countries all around the world,” Obama said in his address to the National Governors’ Association. The US needs to make sure that it is the best place on earth to do business, he said. “We need a skilled and educated workforce, a commitment to cutting-edge research and technol-
ogy, and a fast and reliable transportation and communications network. That’s how we’re going to bring new jobs to America, and that’s how we’re going to win the future.” “Making these necessary investments would be hard at any time. After living through a decade of deficits and a historic recession that made them worse, we can’t afford to kick the can down the road any longer,” Obama said. Vice President Joe Biden also had the same views. He said that many Americans believe that they have already lost the race to India, China and Brazil. “We are still better positioned than
any country in the world -- any country in the world -- to own the 21st century economically. Our GDP is bigger than that of China, Japan and Germany combined,” he asserted. “We’re in a situation where, here in the United States of America, the median income is close to USD 50,000. In China, it’s USD 4,500. We wish them better,” he said. “We may have a different prioritization, but we all know we have to do something about the long-term debt. We all know that we have to do something about preparing ourselves to compete in the future in terms of education, innovation and infrastructure,” he added.
In highly connected and competitive world, US is competing with fast developing economies like India, China and Brazil, President Barack Obama said, urging state governors to keep up with them
INDO AMERICAN NEWS • FRIDAY,March 4, 2011 • ONLINE EDITION: WWW.INDOAMERICAN-NEWS.COM