: International News
India, China giving US stiff competition on jobs: Obama
Washington, July 01, 2011
Citing stiff competition from
nation's like China, India and Brazil, President Barack Obama
has said he is not prepared to bring US deficit down by
sacrificing education, medical research or rebuilding of
"We live in a world where America is facing stiff competition
for good jobs from rapidly growing nations, like China and
India and Brazil," he said at two Democratic party fundraisers
in Philadelphia Thursday lamenting the lack of progress on
some of the nation's problems.
"For a long time we were told the best way to win that
competition is just to undermine consumer protections and
undermine clean air laws and clean water laws and hand out tax
breaks to millionaires and billionaires," Obama said.
"That was the idea that held sway for close to a decade. And
let's face it, it didn't work out very well," he said accusing
opposition Republicans seeking their party's presidential
nomination for the 2012 election for already being more
interested in political attacks than solving America's
"They won't have a plan, they'll attack," Obama said. "The
American people are a lot less interested in us attacking each
other. They're more interested in us attacking the country's
In current negotiations over the budget deficit, Obama said
Republicans are advocating policies that would turn back the
progress made during his administration. "This is not just a
numbers debate, this is a values debate," he said. "We can
make changes that are balanced." "
"Like families all across America, government has to live
within its means. So I'm prepared to bring our deficit down by
trillions of dollars," Obama said.
But "I'm not going to reduce our deficit by eliminating
medical research being done by our scientists. I won't
sacrifice rebuilding our roads and our bridges and our
railways and our airports," he said.