Obama Calls India A Job Creating Giant For US

The president and his wife, Michelle, spent their morning at Holy Name High School, where students in their school uniforms gave the Obamas a detailed explanation of one of their projects — a miniature village with a windmill running power to it. The Obamas were also set to watch a performance in honor of Diwali, an important festival for Hindus and Sikhs. Obama has called it an honor to be the first president to celebrate the festival of lights at the White House last year.
The revelry came a day after the president embraced India as the next jobs-creating giant for hurting Americans, not a cheap-labor rival that outsources opportunity from the United States. Fresh off a political trouncing at home, Obama was determined to show tangible, economic results on his long Asia trip, and that was apparent from almost the moment he set foot on a steamy afternoon in the world’s largest democracy. By the end of the first of his three days in India, he was promoting $10 billion in trade deals — completed in time for his visit — that the White House says will create about 54,000 jobs at home.
That’s a modest gain compared with the extent of the enduring jobless crisis in the United States. Economists say it would require on the level of 300,000 new jobs a month to put a real dent in an unemployment rate stuck near 10 percent.
-msnbc.com news services