U.S. Is Now Top Business Place For Investors: Obama

Manufacturing growth

Manufacturing, he noted, has emerged stronger than any time since the 1990s.

“An auto industry that was on the verge of collapse now fully recovered and stronger than ever and producing cars that not only people want to buy but also are slated to double fuel efficiency by the next decade — it’s no wonder then that a lot of people outside of the United States would say we’ve got the best cards out there,” he said.

“There’s no country that wouldn’t gladly trade places with us in terms of our strategic position.

“And part of that is also because we continue to have a culture of innovation and dynamism that Silicon Valley represents better than anyplace else on Earth,” Obama said.

“In fact, the contraction was actually larger by some measures than the Great Depression. In part because of the incredible resilience of the American people, but in part because we actually put some smart policies in place, the record over the last five years is some pretty remarkable progress,” he said.

“There’s almost no economic measure by which we are not better off today than we were when I came into office — that 52 straight months of job growth; 10 million jobs created; this past year, the biggest drop in unemployment in 30 years,” he argued.

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