Financial Daily from THE HINDU group of publications Thursday, Sep 02, 2004 |
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Industry & Economy
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Economy Government - Politics Bush for pro-growth agenda Sridhar Krishnaswami
Washington , Sept. 1
"The right way for America to respond to the challenges of our growing and changing economy is not to retreat to economic isolationism but a pro-growth economic agenda, a strong education system and a helping hand to American workers to gain the skills to secure good jobs," Mr Bush remarked in an interview with India Abroad on the eve of the Republican National Convention in New York. The President was asked for his views on attempt by lawmakers in Congress to curb outsourcing and place restrictions on the visa front especially as it pertained to the H-1B and the L-1 categories. Mr Bush did not respond directly to the question but highlighted the administration's general stance over the months of debate. "I know economic changes can cause painful dislocations for some workers and their families and I am committed to help ease these transitions and assist workers in preparing for the global economy and the jobs of the future," the President said. "Global trade is vital to the success of our economy and job creation. We need to continue to expand trade and work to open markets for American goods and services. Millions of high paying American jobs depend on trade. American farmers, who plant one in three acres for export, depend on trade. And foreign-owned firms in the US employ over six million Americans," Mr Bush remarked. He has stressed that ties with India and security in South Asia will get high priorities if he is elected to a second term this November; that India and Pakistan will have to keep talking and that there is no mediation role for the US; relationship with India is multi-faceted and does not hinge on any one decision; and the designation of Pakistan as a Major Non-NATO Ally did not mean infusion of sophisticated weapons into the sub continent. "I am absolutely committed to building an enhanced, comprehensive relationship with the Government of India. The US and India have common interests and we need to pursue a healthy, long-term, mutually beneficial relationship. I believe there is broad agreement with that point of view in India and the US," Mr Bush said.
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