India, China new competitors for US: Bush

India, China new competitors for US: Bush

U.S. President George W. Bush delivers the State of the Union address to a joint session of Congress in Washington January 31, 2006.

In the speech he said - In the Dynamic world Economy, Competitors like China and India will create uncertainty to the US economy.

Bush said "the American economy is preeminent," asserted, "we (the US) cannot afford to be complacent."

"In a dynamic world economy, we are seeing new competitors, like China and India, and this creates uncertainty, which makes it easier to feed people's fears," he alarmed.

Bush said that there were also the murmurs of dislike of foreigners in that "we hear claims that immigrants are somehow bad for the economy, even though this economy could not function without them."

You can see the Video of his speech in my MSN Spaces
http://spaces.msn.com/swambala/blog/cns!865A5B5B18AF1439!111.entry