Obama vows to curb outsourcing

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Mon, Oct 27 12:18 PM Financial Express

Sitting politically 'pretty' with only a week to go for Presidential polls, the Democratic nominee Barack Obama has kept hammering away with his theme of creating jobs and curbing outsourcing and blamed the Republicans for the mess America finds itself in.

Back on the campaign trail after a short break in Hawaii to see his ailing maternal grand mother, Senator Obama was in the "Red" state of Colorado pushing his economic plans.

Holding the Bush administration and by extension his Republican rival John McCain for the current economic recess, Obama said, "It's time to turn the page on eight years of economic policies that put Wall Street before Main Street but ended up hurting both."

"We need policies that grow our economy from the bottom-up, so that every American, everywhere, has the chance to get ahead -- not just the person who owns the factory, but the men and women who work on its floor; not just the CEO, but the secretary and the janitor," he said in Denver.

The Illinois Senator said, "If we've learnt anything from this economic crisis, it's that we're all connected; we're all in this together; and we will rise or fall as one nation as one people. The rescue plan that passed the Congress was a necessary first step to easing this credit crisis, but if we're going to rebuild this economy from the bottom up, we need an immediate rescue plan for the middle-class, and that's what I will do as President of the United States" he added.

Keeping his rhetoric on outsourcing alive, Obama said, "I've proposed a new American jobs tax credit for each new employee that companies hire here in the United States over the next two years. I'll stop giving tax breaks to companies that ship jobs overseas and invest in companies that create good jobs right here in Colorado."

Obama said, "I won't let banks and lenders off the hook when it was their greed and irresponsibility that got us into this mess. We should not be bailing out Wall Street; we should be restoring opportunity on Main Street."

"...For the last eight years, we have tried it John McCain's way. We have tried it George Bush's way. We've given more and more to those with the most and hoped that prosperity would trickle down to everyone else. And guess what? It didn't. So it's time to try something new. It's time to grow this economy by investing in the middle class again.

"If I am President, I will invest USD 15 billion a year in renewable sources of energy to create five million new, green jobs over the next decade -- jobs that pay well and can't be outsourced; jobs building solar panels and wind turbines and fuel-efficient cars; jobs that will help us end our dependence on oil from Middle East dictators," he added.

Even the lowest of estimates in the Electoral College vote in the various scenarios have shown Obama winning 270 votes that are needed quite easily and projections for the

Democratic nominee have even gone in the upwards of 360 which will point to a landslide that has not been witnessed for quite sometime now.

The clear edge to the Democrat candidate at the Presidential level will be impacting the races for the United States Congress as well and the Democrats are looking to "unleash a bloodbath in the House of Representatives and the Senate."

In the House, the Democrats are expected to be picking up between 25 to 30 seats from the current strength of 235; and in the Senate the party is looking at a Cloture proof majority of 60 seats or up by 11 from the current position.

Link to original article: Obama vows to curb outsourcing

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