Thanks Suresh.

It is a positive sign that U.S. President is afraid of our development pace.
Proud to be an Indian.
Thanks for referral, Suresh.

Education is a level playing field for any citizen in the Globe to earn his economic freedom depending on the genesis of developmental level in each country which is now becoming Global level opportunity for any one.

Skill sets that one has to acquire at one time depended on opportunities available within that country but now one has to look at Global picture. This trend in Business started long ago and now corporates look at Global perspectives.

The developments in technologies over the last few decades has opened up opportunities for computing and Engineering skills. In mid seventies of last century, there was lot of apprehension in India about brain drain and a little later unemployment of many engineers coming out of it's colleges.

Now with opportunities they had in countries like USA, they filled the need for such skills not only in USA it self but also jobs at home through off-shoring and evolving Indian industry. Self belief in one self in Indian youth to day  is slowly turning towards enterprise of one's own to create wealth and in the process providing jobs to others.

Education in USA is much better as it concentrates more on personality development but what it missed is skill sets for the kind of jobs that were emerging after IT revolution.

This is what President Obama must be referring to when he talked about education needing course correction at Graduate and post graduate levels. At under graduate level, educational system is so good and I am talking about this with my own experience of my grand children studying there.

Even to day 60% of Nobel laureates come from USA. It is true that the budgets for research in basic sciences have been drastically cut in the later part of 20th century. The best brains are still very much there in USA as they come from multi- cultural back ground and from different countries.

USA has to maintain it's lead in supremacy of science and Technology and evaluate skill sets required for the jobs that emerge from there and make it's citizens aware of such opportunities so that they can aspire to gain such skills.

Some where USA has got obsessed in fighting wars for others and it has got it's  priorities wrong. Present recession is like a disconnect in it's history and USA has to jump start into paradigm shifts in it's thinking and action.

A couple of years ago, my son, a ph.d in computer science and has been in USA, since 1995, was praising Dr. Kissinger so much for his Global perspectives but now we know that has lead USA to it's worst economic crisis. Thinking globally and acting locally has become a byword now for the individual, society and for the Nations.

The present crisis should pave the way for USA to gain it's supremacy and lead other Nations on the path of peace and progress for every one on the globe. The mind set of political leaders all over the globe has to undergo a sea change in order to create better conditions for Human living in each Nation.  

Thanks Mr Suresh

He is sensible in this statement. He has realised the fact. It is the cold war going on between brain power and physicla / Money power. We have to wait and witness the winner. Mostly the money will look like ruling the brain power, but in actuls if one look it right, it is the brain pwer always ruling. For hypothetical case, if China, Japan, India withdraw their deposit, imagine the super power who will be?

Our Politicians...had they been honest, clean and committed to the society, we would have become a super power long long ago...even now it is not late...so arise..awake