This is what Exim India heard President Obama’s say to the U.S. Chamber of Commerce:

“The US President, Mr. Barak Obama, recently called upon business leaders in America to aggressively pursue the huge middle class in India and China to boost exports, thereby creating hundreds and thousands of jobs in the US.

“Addressing the US Chamber of Commerce, Mr. Obama explained that as countries like China and India grow and develop larger middle classes, it would be profitable for global companies to aggressively pursue these markets and at times, set up facilities there.

“Mr. Obama said that with the march of technology over the last few decades, the competition for jobs and businesses had grown fierce. Globalisation of the economy meant that businesses could now open up shop, employ workers and produce their goods anywhere. He stressed that the US need was for an economy that was based not on what it consumed and borrowed from other nations, but on what Americans made and sold around the world. ‘We need to make America the best place on earth to do business,” he noted.

“Mr. Obama said that the US government would help lay the foundations for Americans to grow and innovate. ‘We will upgrade our transportation and communications networks so that you can move goods and information more quickly and cheaply,” he emphasised. The country would invest in education so that Americans could hire the most skilled, talented workers in the world. ‘And we will knock down barriers that make it harder for you to compete, from the tax code to the regulatory system,’ he asserted.

“In tandem, Mr. Obama reminded the American corporate leadership of their corporate and social responsibilities. ‘Ask yourself what you can do to hire American workers, to support the American economy, and to invest in this nation. ‘That’s what I want to talk about today – the responsibilities we all have to secure the future we all share. As a country we have a responsibility to encourage American innovation,’ he said.

“On exports, he said it meant seeking new opportunities and opening new markets for goods. He stressed that he was willing to go anywhere to boost American businesses, American workers and American products. The US recently signed export deals with India and China that would support more than 250,000 jobs in the country, he added.” –

He’s kidding, right? Doesn’t he know that we can’t produce anything as cheaply as the Indians and Chinese can? Doesn’t he know that this is why we can’t compete against them? And why would those “middle class” Asians buy more expensive US-made products? Does he think they’re stupid?

Although he’s right about “American innovation”, foreign competitors must be excluded. And that’s just what our patented container ship design assures – 50 million jobs here and no competition there.