US President Barack Obama has said that America had returned to robust competitiveness and the danger of jobs and industries fleeing to countries like China, India or Germany was over.
"When I took office, we put in place a new economic plan that rewards hard work instead of greed; a plan that rewards responsibility instead of reckless; a plan that focused on our middle class, (and) making them more secure," Obama said at a Democratic Fund Raiser in Austin, Texas.
The US President said that the US "was competitive over the long run so the jobs and industries of the future weren't going to China or India or Germany, but were going to the United States of America, right here."
Gradually entering into an election mode with the mid-term elections less than three months ago, the US President has been frequently in his public speeches claiming how his policies are aimed towards stopping outsourcing of jobs and manufacturing.
Instead of spending money on special interest tax loopholes that don't create American jobs, we said we're going to make smart investments in education and innovation and clean energy that will benefit all people and our entire economy, he said.
From:theeconomictimes.com
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