WASHINGTON: US President Barack Obama has vowed to give tough competition to India and China for millions of potential jobs in the American clean energy industry, once again raising the bugaboo of outsourcing.

"For generations, manufacturing was the ticket to a better life for the American worker," he said at a meeting here Wednesday of the AFL-CIO Executive Council, America's union movement.

"But as the world became smaller, outsourcing, an easier way to increase profits, a lot of those jobs shifted to low-wage nations."

Millions of Americans were swept up in the disaster wrought by the Wall Street bubble burst, Obama said. "But I'm here to tell you, we are not giving up and we are not giving in. We are going to keep fighting for an economy that works for everybody, not just for a privileged few."



From: theeconomictimes.com