|
Indian,
Chinese talents making it tough for US: Obama
Saturday, September 18, 2010 07:47:33 AM,
Arun Kumar, IANS
|
|
Washington:
US President Barack Obama says that with India and China catching
up fast with "some very talented people" and a hunger for growth,
America faces a very competitive environment as it battles to come
out of recession.
The United States was facing "the worst financial crisis that
we've seen since the Great Depression, on the verge of a Great
Depression, in the midst of two wars," when he came to office two
years ago, he said at a Democratic Party fundraiser in Greenwich,
Connecticut, Thursday.
"The challenges that we've confronted over these last two years
have been extraordinary. And we've got a long way to go," Obama
said, campaigning for his embattled Democratic party ahead of the
November mid-term poll.
"This country received a body blow. And it was already having
difficulties competitively," he said. "So the recovery has been
painfully slow".
"We've got millions of people who are still out of work, hundreds
of thousands of people who've lost their homes. People are anxious
about the future; they're fearful about the future," he said.
"And we're in a very competitive environment, where other
countries like China and India have now caught up - in some
indicators - and are going to keep on moving because they are
hungry and they've got some very talented people," Obama said.
However, "after being in this job for two years, I have never been
more optimistic about America," he said. "I am optimistic partly
because we did some really tough things that aren't always popular
but were the right things to do."
Noting that his administration has made the largest investment in
research and development in American history, the president said:
"We'd been falling behind and now we are back at the forefront of
R and D."
"We made the largest investment in green energy in our history so
that we could start building solar panels and wind turbines all
around the country," he said.
In foreign policy, the US has reset its relations around the
world, Obama said. "A lot of people who travel will come back and
say to me, you know, folks are once again looking to America for
leadership in a way that they haven't for a long time."
(Arun Kumar can
be contacted at arun.kumar@ians.in)
|
|
|
|
Home |
Top of the Page |
|
 |
|
|
Comment on this article |
|
|
|
|
|
 |
|
|
|
 News Pick |
|
Obama
visit will help India get UNSC seat, hopes Indian envy to US
India's ambassador to the US, Meera Shankar, has expressed the
hope that US President Barack Obama's visit would propel India
towards a permanent seat in the UN Security Council to
» |
Kite flying competition at Jamia Millia to
spread message of peace
To spread the message of peace, students of Jamia Millia Islamia's
school here will hold a kite flying competition Sep 21, the UN
International Day of Peace. "This symbolic gesture is
» |
|
 Rahul
declines Mehbooba's call to intervene in Kashmir
Congress general secretary Rahul Gandhi Thursday scotched any
possibility of his intervention in trouble-torn Kashmir
» |
Middle East peace talks overshadowed
by violence in Gaza
Israelis and Palestinians have begun
tackling the "most difficult" core issues of their mutual
conflict, the US said Wednesday, but the second round of direct
peace negotiations was » |
|
 At 95, M.F. Husain's art gets bigger, crazier
His spirit refuses to cave in to age. India's tallest contemporary
artist M.F. Husain turned 95 Friday, still on the job of making
high art
» |
Goa
Blast Case: Defence lawyer questions role of newspaper 'close to'
Congress
A newspaper "close" to the Congress party is trying to
influence the Goa blast trial in which 11 people linked to right
wing Hindu group Sanatan Sanstha were investigated, a local court
was told
» |
|
|
|
|
|
|
|
|
|
Top
Stories |
|
 Maintain
peace after the Babri verdict: Govt.
Apprehending that the Ayodhya verdict
Sep 24 could spark trouble, the government Thursday appealed to
people to maintain calm when the judiciary rules on the dragging
dispute. It also said if any party was not
»
I want to
save nation from chaos: Ayodhya petitioner
Court
calls for amicable settlement of Ayodhya dispute
|
|
|
|
Picture of the Day |
|
 |
|
Talwada Dam in Malegaon. The dam
has a unique location and capacity to store water that can
last for entire year. It is a blessing for the people in
Malegaon to get drinking water from natural resources. In
monsoon, when the dam overflows, it also provides them a
chance to enjoy boating.
(Photo: ummid.com) |
|
|
|
|
Most
Read |
|
Allahabad HC dismisses petition to defer Ayodhya verdict
The Lucknow bench of the Allahabad High Court Friday dismissed a
petition seeking deferment of its Sep 24 verdict in the
long-pending Ramjanmabhoomi-Babri Masjid case.
The court also imposed costs of Rs.200,000 on petitioner
» |
|
Two youths killed in Kashmir, curfew continues
Violence reared its head in the Kashmir Valley again Friday, with
two more protesting youth killed in firing by security forces,
taking the toll of civilian deaths to 92. Indefinite curfew
prevailed in all major towns for the fifth consecutive day. Police
said security forces intervened to disperse a
» |
|
|
|
|
|
|
|
Quick links