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US losing
competitive edge to India, China, fears Obama
Thursday, September 30, 2010 04:06:30 PM,
Arun Kumar, IANS
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Washington:
With countries like India, China and Brazil focusing hard on
education, research and development and exports, the US is losing
its competitive edge, fears US President Barack Obama.
Middle-class families in America were generally having a very
difficult time even before the global financial crisis hit, he
said during a discussion on the economy in Richmond, Virginia.
"And obviously the crisis just made things worse. And this is all
at a time when we've got increased global competition," he said.
"You've got countries like China and India and Brazil that are
really moving. They're educating their kids much more aggressively
than they ever were. They are exporting much more than they ever
were," Obama said.
"And so we're having to compete at levels that we didn't have to
compete before," he said seeking more investment in research and
development on clean energy lest the US is overtaken by others.
"Sooner or later, the world passes you by. China, India, Japan -
all these countries are all thinking about new ways to find clean
energy," Obama said.
"And if we're not the ones who get there first in terms of
figuring this stuff out, then they're the ones who are going to
get the jobs of the future. And I don't want them to get those
jobs. I want us to have those jobs right here in the United
States."
People were anxious about the future of the country, he said,
"because if you don't have confidence that the country can pull
together and you know that the problems are hard to solve and you
know that we've got competition from China and India and Brazil
and Europe, then you start thinking, well, maybe we're not going
to be the same land of opportunity 20 years from now or 30 years
from now as we were."
Earlier, making a similar pitch at a public meeting in Iowa, Obama
said: "You saw countries like China, India and Brazil investing
heavily in their education systems and in infrastructure...And
where we used to be ranked number one, for example, in the
proportion of college graduates, we now rank number 12."
"So slowly all the things that had made us the most productive
country on earth were starting to slip away. And we were losing
that competitive position," he said.
(Arun Kumar can
be contacted at arun.kumar@ians.in)
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