A Quote by Barack Obama
In order for us to compete with China, we've also got to make sure, though, that we're taking - taking care of business here at home. If we don't have the best education system in the world, if we don't continue to put money into research and technology that will allow us to create great businesses here in the United States, that's how we lose the competition.
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All I suggest is to make K-12 like higher education. Higher education in the United States is the best in the world because these institutions compete with each other for your tuition dollar. Let's just bring competition to public education.
Are we a nation that educates the world's best and brightest in our universities, only to send them home to create businesses in countries that compete against us? Or are we a nation that encourages them to stay and create jobs, businesses, and industries right here in America?
The United States will continue to be number one, and I do not see any country or group of countries taking the United States' place in providing global public goods that underpin security and prosperity. The United States functions as the world's de facto government.
America needs the best education system in the world. We have it in higher education. We do not have it in general education for all of our people - the K-12 education. Other nations are far, far outdoing the United States in that area. We still have the lead in research, but once again, other nations are pouring more into research also. We still have a lead, but to me it's just very, very important that we keep that lead in basic research.
The reason I'm an American is for all the people in this country and recognizing that if business is thriving and growing, it will create more jobs, raise wages of our people, allow us to care for our seniors, get a better education for our kids, and allow us to have the kind of military that can defend American interests around the world.
Let us put ourselves into His hands, and not be startled though He leads us by a strange way, a mirabilis via, as the Church speaks. Let us be sure He will lead us right, that He will bring us to that which is, not indeed what we think best, nor what is best for another, but what is best for us.
The United States of American business pays the second-highest business taxes in the world, 35 percent. Ireland pays 11 percent. Now, if you're a business person, and you can locate any place in the world, then, obviously, if you go to the country where it's 11 percent tax versus 35 percent, you're going to be able to create jobs, increase your business, make more investment, et cetera. I want to cut that business tax. I want to cut it so that businesses will remain in the United States of America and create jobs.
What [Donald] has put up for question is this idea of tariffs. Initially, he said if China won't stop taking advantage of us and manipulating their currency, then I will put tariffs in place. That spooked everybody because if you charge China a fee and an extra tariff for anything they bring into the United States, what's going to happen is that companies carrying those goods are going to raise prices. It's going to be expensive for people. People got scared of that, but then he walked that [idea] back. I don't think anybody is expecting heavy tariffs on anything.
We invest in early childhood education. We invest additional job training dollars. We make sure that we've got a strong research and development strategy so that we continue to innovate. Rebuilding our infrastructure, which we know will attract businesses.
I believe we have made a decision now that will permit us to create an economic order in the world that will promote more growth, more equality, better preservation of the environment, and a greater possibility of world peace, we are on the verge of a global economic expansion that is sparked by the fact that the United States at this critical moment decided that we would compete, not retreat.
I find Chinese debates about their political system domestically, but also about China's claims in the international system, to be among the most original and surprising and exciting of our time. The starting point is a system that none of us had anticipated, which I call Leninist capitalism, but also obviously because it is the most important emerging power. The question of China's relations with the United States in particular, and the rest of the world in general, is the question of war and peace in the 21st century.
Without investments in research and science that will create the next Apple, create the next new innovation that will sell products around the world, we will lose. If we're not training engineers to make sure that they are equipped here in this country, then companies won't come here. Those investments are what's going to help to make sure that we continue to lead this world economy not just next year, but 10 years from now, 50 years from now, a hundred years from now.
In comparison to the U.S. health care system, the German system is clearly better, because the German health care system works for everyone who needs care, ... costs little money, and it's not a system about which you have to worry all the time. I think that for us the risk is that the private system undermines the solidarity principle. If that is fixed and we concentrate a little bit on better competition and more research, I think the German health care system is a nice third way between a for-profit system on the one hand and, let's say, a single-payer system on the other hand.
In 1981, after ten years in Basel, I returned to the United States to continue my research on the immune system at the Center for Cancer Research of the Massachusetts Institute of Technology where Director Salvador E. Luria provided me with an excellent laboratory.
We've got to be able to have a conversation and recognize we're all Americans; we all want the best for this country. We may have some disagreements in terms of how to get there, but all of us want to make sure that our economy is strong, that jobs are growing. All of us want to make sure that people aren't bankrupt when they get sick. All of us want to make sure that young people can afford an education.
It is in the interests of all of us - the United States, China and the rest of the world - to make sure that the rules of the road are upheld. These rules and norms are part of the foundation of regional stability, and they have allowed nations across the region, including China, to grow and prosper.
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