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Obama promotes 'Made in America'

business Updated: Aug 18, 2010 22:59 IST

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US President Barack Obama has asked Americans to produce more scientists and engineers and return to making things themselves lest nations like China and India outcompete them for future jobs.

"We did not become the most prosperous nation on Earth by rewarding greed and recklessness of the sort that helped cause this financial crisis," he said speaking at a fundraiser on Tuesday.

"We did it by rewarding the values of hard work and responsibility and by investing in the people who have built this country from the ground up.

"We did it because we out-worked and out-competed other nations. That's who we are. That's who we need to be," he said. "Because right now, countries like China and India and South Korea and Germany, they are fighting as hard as they can for the jobs of the future."

"They're trying to out-compete us when it comes to clean energy. They're trying to out-compete us when it comes to producing engineers and scientists," Obama said. "And frankly, in some cases, they've been catching up and even propelling forward ahead of us."

"The US does not play for second place. We play for first," he said. "We are going to rebuild this economy stronger than it was before And at the heart of this rebuilding effort are three simple words: 'Made In America. Made In America.'"