US jobs will not go to India: Obama

[cliff_drew]

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Does Philippines will be affected on this?

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US President Barack Obama has said that America had returned to robust competitiveness and the danger of jobs and industries fleeing 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, (and) making them more secure," Obama said at a Democratic Fund Raiser in Austin, Texas.

The US President said that the US "was 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 ago, the US President has been frequently in his public speeches claiming 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 said we're going to make smart investments in education and innovation and clean energy that will benefit all people and our entire economy, 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 as small companies and by individuals.

That's only fair," Obama said.

Observing that it took nearly a decade to enter the current phase of the economic mess he inherited, Obama said it's going to take some more time to "dig our way out" of that hole.

"The devastation that has touched so many of our families, so many of our communities, that is going to take some time to heal. And I hear those stories firsthand wherever I travel.

I hear about them in the letters that I receive every night that I read from people who are doing their best to keep on striving towards that American Dream, but keep on hitting a bunch of road blocks and are looking for help.

So the road to recovery is long and it's filled with challenges. And I'm under no illusion that we've gotten there yet. We've got a lot more work to do," he said.

Continuing with his critic of the Republican policies, Obama said: "We've got a choice between a forward-looking agenda that is rebuilding the structure of this economy so it's working for all Americans, or just going back to the same stuff that got us into this mess."

US jobs will not go to India: Obama - Yahoo! India News

[peewee_toot]

is this a bad or a good news?

[Tirong-say]

Good news para nato, basta mo-down ang economy sa US halos maapektohan man gyud tanan.

[junmar4]

Good news para nato, basta mo-down ang economy sa US halos maapektohan man gyud tanan.

nganong good news man na sa pinas boss?

[Mr. BrokenHearted]

unsaon mn tawn pg good news ana oiez para sa pilipinas kung modown ang economy sa US, mosamot nuon ta ug kahagba ana maapektuhan baya sad ta

[peewee_toot]

Good news para nato, basta mo-down ang economy sa US halos maapektohan man gyud tanan.

wa ko kasabot kng nano na good news cya sir...

[SioDenz]

wa ko kasabot kng nano na good news cya sir...

Iya cguro passabot bro kay if matuman na nga planu ma OK an economy sa US nya ma Ok sad atu economy kay nagtuo siya na dependent ang economy sa pinas sa US.

Pero for me Bad news kaayu ni, Limitahan na ang outsourcing sa US. Posible maapektuhan ani kay mga call centers nya uban pang outsourcing company diri sa pinas. Daghan ma yatap ani...

[peewee_toot]

^^hala! daghan ra ba ayu call center dri. faet!

[cebulifer]

Gamay ra man contribution ang BPO industry sa overall Philippine GDP. Though services sector 55.1%. This includes the OFWs na.

good news ni kay kung OK na economy sa US, then they will have money to buy things. which means atong manufactured goods mahalin na sa US. Eg. furniture, car parts, microchips etc. Industry sector sa GDP is 29.9%.

The largest economy ang US. All countries are trying to trade with the US. So if the US economy is picking up, then the whole world economy picks up too!!!

[cebulifer]

I think the BPO is not the industry Obama was referring to. Companies could not afford to do tech support and back office operations in the US. I think the manufacturing outsourcing is what Obama was referring to.