US jobs will not go to China, India: Obama

United States President Barack Obama today said America had returned to robust competitiveness and the danger of jobs and industries being outsourced to countries like China, India or Germany was over.

“When I took office, we put in place a new economic plan that rewards hard work instead of greed; a plan that rewards responsibility instead of reckless; a plan that focused on our middle class, making them more secure,” Obama said at a Democratic Fund Raiser in Austin, Texas.

The US President said the US “was seen to be competitive over the long run. So, the jobs and industries of the future weren’t going to China or India or Germany, but were going to the United States of America, right here.”

Gradually entering into an election mode with the mid-term elections less than three months away, the US President has frequently in his public speeches claimed how his policies are aimed towards stopping outsourcing of jobs and manufacturing.

Instead of spending money on special interest tax loopholes that don’t create American jobs, we are going to make smart investments in education, innovation and clean energy that will benefit everyone and our economy, too, he said.

“Instead of giving special interests free rein to write their own regulations, we demanded new accountability from Washington to Wall Street so that big corporations had to play by the same rules like small companies and individuals. That’s only fair,” Obama said.

He added it will take some more time to “dig our way out” of the economic uncertainty hole.

“The devastation that has touched so many of our families, so many of our communities, will take some time to heal. And I hear those stories firsthand wherever I travel. I hear about them in the letters that I receive from people who are doing their best to keep on striving towards that American Dream... So the road to recovery is long and it’s filled with challenges. And I’m under no illusion that we are there yet. We’ve got a lot more work to do,” he said.