The current economic plan of his administration converged on making the middle class more safe and the state more aggressive so that the upcoming jobs and industries will not going to outsourced to other regions like India and China, President Barack Obama said. He added that when he got in the office, they focus to generate new economic plan that will reward hard work rather than selfishness, and instead of recklessness they prioritize responsibility and they concentrate on making the middle class more secure and their state more economical in the long period of time.
In that way, the jobs and industries in the future will not going to outsource to India and China, but instead will be created locally in the United States. In the inaugural to the crucial midterm election several months away in case his Democratic party is assumed to lose the majority in the House of Representatives, Obama uplifted the point of sending jobs to China and India and deliver it a political value at a fund party raiser in Atlanta.
He added that he took office 18 months ago after almost a decade of economic policies that deliver us slow-moving growth, a record deficiency, sinking incomes and policies that concluded in the worst financial urgency that they have noticed since the Great Depression. In last six months of 2008, almost 3 million jobs were lost, in January 2009 as Obama sworn 750,000 Americans lost their jobs and a month later, 600,000 were mislay, overall almost 8 million jobs were lost because of the economic crisis.
The administration has made smart investments in innovation, education and clean energy that people will get benefit and as well as the United States economy for a long period of time, rather than wasting money on tax breaks, President Barack Obama said. They are appealing new accountability from Wall Street to Washington so that other big companies have to perform the similar rules that small firms and entrepreneurs execute instead of providing special interests free authority to do whatever they desire.
Due to the policies of the last decade, the United States president guaranteed the gathering that it would take some time to retrieve them out of the big problem they are facing, rather than losing millions of jobs, for six straight months in the private sector, the administration has generated jobs. As a result of his policies in the United States economy was increasing instead of contracting. The last thing that they have to do is to continue what they were doing before, Obama said.
REFERENCES:
http://profit.ndtv.com/news/market/article-obama-touts-steps-to-check-outsourcing-of-jobs-99485
http://www.huffingtonpost.com/2012/09/27/obama-mitt-romney_n_1919292.html
http://dailyshaeffer.wordpress.com/2012/07/06/obama-touts-80000-jobs-after-attacking-bush-for-touting-300000/
