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  • US needs to ‘out-educate’, ‘out-innovate’ every country: Obama

    Published on February 25, 2011

    The US, which is coming out of one of its worst economic recessions, needs to “out-educate and “out-innovate” every other country in an extraordinarily competitive world so as to retain its global leadership, says President Barack Obama in Washington.

    “It is my belief that we have all the pieces in place for us to make sure that the 21st century is the American Century just like the 20th was. But we’re going to have to up our game in this newly competitive world,” Obama said at the President’s Council on Jobs and Competitiveness.

    “That means that we’ve got to out-educate every other country in the world. We’re going to have to out-innovate every country in the world. We’ve got to make sure that we’ve got the best infrastructure to move people and goods and services throughout the economy,” he said.

    After the worst economic recession in about a century following the Great Depression of the early 20th century, Obama said the economy is growing. In many sectors it is seeing recovery.

    “But the biggest challenge that we’re seeing right now is the fact that unemployment is still way too high all across the country. And so what we wanted to do was retool,” he said.

    “It’s critical for us to have input from folks who are actually hiring, putting people to work, making payroll, making the products and services that make our economy so powerful. But we want to make sure that we narrowed the focus to think about how do we ensure … that we’re putting people to work right now, but also how do we lay the foundation for us to win the future over the long term,” he said.

    The President said he wanted the US to be an economy that is not simply buying from other people and borrowing.

    “I want us to be selling to other people and having some other folks owe us some money,” he added.

    “And so it is going to be absolutely critical for us during a period of significant fiscal constraint that we create the kind of public/private partnership that makes that happen.”

    “And it’s going to be very important for us to get ideas from people who’ve actually — are actually on the ground right now, trying to build your businesses and operate in a extraordinarily competitive world,” Obama said.