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Barack Obama calls for economic reforms in US

US president Barack Obama has called for economic reforms in US saying that not doing so would mean waving the white flag to the rest of the world especially to emerging countries like India and China. ‘If we don’t make these investments and these reforms, then we might be waving the white flag to the rest of the world, because they’re moving forward. They’re not slowing down,’ Obama said.

He added countries like China, Germany and India are going forward and US can’t just sit by. Doing nothing doesn’t help the middle class. Offering a framework to help break through some of the political logjam in Washington and try to get Congress to move on some of the proven ideas, Obama said the country needs to focus on creating good jobs, with good wages, in durable industries and areas that will fuel the future growth.
Agencies

Agencies

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