Obama Sees Advantages In The Decline Of America As An Economic Power
...The fact of the matter is that for most of my lifetime and I'll turn 50 next year - the US was such an enormously dominant economic power, we were such a large market, our industry, our technology, our manufacturing was so significant that we always met the rest of the world economically on our terms. And now because of the incredible rise of India and China and Brazil and other countries, the US remains the largest economy and the largest market, but there is real competition."Competition is fine.
"This will keep America on its toes. America is going to have to compete. There is going to be a tug-of-war within the US between those who see globalisation as a threat and those who accept we live in a open integrated world, which has challenges and opportunities."...
...Going by media reports in the US of his first day in India, his focus on jobs and investments was well received.
In the context of his efforts to revive the US economy, the president clearly sees, as he wrote in an article, India and China as key drivers of economic growth.
But just how is competition within the present globalization framework going to help the U.S. economy to recover and bring jobs here to the States?
And how is the competitive field going to be level if more and more jobs which should be based here in the United States are outsourced to nations that pay workers $1 a day?
Watch the video at the beginning of this post. BHO seems downright pleased with his admission about the economic decline of America.
Would he dare to say these same things in his next State of the Union Message?