Economic plan ensured jobs not heading to India, China: Obama

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Washington, DC: United States President Barack Obama has said that the new economic plan of his government focused on making the middle class more secure and the country more competitive so that the jobs and industries of the future were not outsourced to China and India.

“When I took office …we put forward a new economic plan that rewards hard work instead of greed; responsibility instead of recklessness; focused on making our middle class more secure and our country more competitive in the long run. So that the jobs and industries of the future are not all going to China and India, but are being created right here in the US,” Obama said.

Obama raised the pitch of outsourcing of jobs to India and China and gave it a political color at a fund raiser in Atlanta in the run-up to the crucial mid-term election a few months away in which his Democratic party is anticipated to loose majority in the House of Representatives.

A total of 8 million jobs were lost due to great depression, of which 3 million were lost in last six months of 2008, in January 2009, the month I was sworn 750,000 Americans lost their jobs; 600,000 were lost a month later, he added.

“Instead of giving special interests free reign to do whatever they want, we are demanding new accountability from Wall Street to Washington — so that big corporations have to play by the same rules that small businesses and entrepreneurs do,” he said. The US President assured the gathering that it would take some time to dig themselves out from the “such a deep hole” that was created due to the policies of the last decade.

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