Aug. 5: The US President, Mr Barack Obama, has vowed to give tough competition to India and China for millions of potential jobs in the American clean energy industry, once again raising the bugaboo of outsourcing.
“For generations, manufacturing was the ticket to a better life for the American worker,” he said at a meeting here on Wednesday of the AFL-CIO Executive Council, America’s union movement. “But as the world became smaller, outsourcing, an easier way to increase profits, a lot of those jobs shifted to low-wage nations.” Millions of Americans were swept up in the disaster wrought by the Wall Street bubble burst, he said.
“But I’m here to tell you, we are not giving up and we are not giving in. We are going to keep fighting for an economy that works for everybody, not just for a privileged few,” the US President said.
As part of the economic plan put in place by his ad-ministration to battle recession, the US President said, “We’re jumpstarting a new American clean energy industry — an industry with the potential to generate perhaps millions of jobs building wind turbines and solar panels, and manufacturing the batteries for the cars of the future, building nuclear plants, developing clean coal technology.”
“There are other countries that are fighting for those jobs, in China and India and in Germany and other parts of Europe,” Mr Obama said.