US economy getting stronger: Barack Obama
Baku, May 11 (AZERTAC). Claiming that the US economy is getting stronger, President Barack Obama, has said it is time that businesses move back their manufacturing from China, as he hit`s the campaign trail this week.
"The economy is getting stronger and businesses are starting to invest again. In fact, you`re starting to see companies that had moved to places like China recognising why would we abandon the largest market in the world?" Obama said at a campaign event in Seattle on Thursday.
"Wages are going up in China and workers are getting more productive here -- let`s start bringing companies and businesses back," Obama said adding the country is still got headwinds.
"Europe is still in a difficult state -- partly because they didn`t take some of the decisive steps that we took early on in this recession. Gas prices are still pinching a lot of folks.The housing market is still very weak all across the country. But the good news is that we have weathered the storm and are in a position now to make sure that the 21st century is the American Century just like the 20th century was," said the US President, who is seeking re-election in November presidential elections.
"But in order to do that, we`ve got to make good choices. And when I ran in 2008, I did not run just to get the country back to where it was before the crisis -- because there had been problems that had been building for decades," he said.
"So the question was, were we finally going to take on some of these core challenges that had been holding us back for far too long? And that`s the reason why, even as we were trying to manage the auto bailout, even as we were trying to deal with the banks and the fact that credit was locked up, even as we were trying to make sure that we could immediately put people back to work, we were also looking at what are the long-term things that are going to make a big difference in the life of this country?," Obama asked.
On Thursday, Obama attended two fundraisers in Seattle, Washington. The first event was a fund-raising brunch with 70 supporters at a private residence.
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