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Obama does not want next Google, Intel in India

Discussion in 'World Economy' started by Indian Tiger, May 31, 2011.

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  1. Indian Tiger

    Indian Tiger Lieutenant FULL MEMBER

    May 18, 2011
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    Houston: Making a strong pitch for his immigration reforms, President Barack Obama has said that he does not want the next corporate giants like Google and Intel to be created in India and China, which are giving stiff competition to American firms.

    "We don't want the next Intel or Google to be created in China or India. We want those companies and jobs to take root in America," Obama said, as he made a case for bringing 11 million illegal immigrants out of the shadows and putting them on a path to citizenship.

    Arguing that immigration was fundamental to his country's economic well-being, he said that the US could not afford to train future entrepreneurs at US colleges, then send them home to compete with American firms.

    "Look at Intel and Google and Yahoo and eBay - these are great American companies that have created countless jobs and helped us lead the world in high-tech industries. Everyone was founded by an immigrant."

    Obama said Republicans would seek to block his drive for immigration reform, in an apparent play for vital Hispanic votes in his 2012 re-election bid.

    In a major speech on the US-Mexico border, he mocked the Republican position on immigration, accusing party leaders of stepping away from the table to appease their conservative political base. His comments are likely to draw ire from his opponents.

    "We have gone above and beyond what was requested by the very Republicans who said they supported broader reform as long as we got serious about enforcement," Obama said, at the southern US border in El Paso, Texas.

    "Even though we've answered these concerns, I have got to say I suspect there are still going to be some who are trying to move the goalposts on us one more time."

    "They'll say we need to triple the border patrol. Now they will say we will need to quadruple the border patrol. Or they will want a higher fence.

    "Maybe they'll need a moat. Maybe they will want alligators in the moat - they'll never be satisfied, and I understand that. That's politics."

    Obama's comments represented a new attempt to tackle an issue that has confounded US leaders for years - the last attempt at comprehensive immigration reform floundered in former president George W Bush's second term.

    Obama does not want next Google, Intel in India
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