IT industry can rescue US economy from further ravages
What is the ideal definition of spirit to you? Is it a vital principle or animating force within living things or a fundamental emotional and activating principle determining one’s character? Whatever it is, both denote the same and if you are desirous to witness the ideal representation of it, watch and follow the United States of America. The country, though exceedingly affected due to the ongoing downturn, is making all efforts to defeat it and as has been learnt, US is banking on the IT industry considerably in this context.
However, the role of President Obama, in this regard, must be mentioned. He is not only keen to call a halt the terrible impacts of the slump but is also interested to lead the struggle. It is to be noted, during his first speech to a joint session of Congress, the new US President reiterated commitment to U.S. science and technology terming both as key building blocks in a “new foundation for lasting prosperity.”
A number of steps adopted in the following days have proved the itch of the US Government. While one of them happens to be the selection of previous Washington State Gov. Gary Locke to serve as U.S. Commerce Secretary, a number of others are in the pipeline. Gary Locke is widely acclaimed for his extensive knowledge of the issues facing high-tech companies in his home state and around the world.
According to several sources, Washington state’s technology sector employs more than 250,000 people and this represents 11 percent of the working population. All these indicate how significant the presence of software in the realm of US is. It is the state’s second-largest export after aerospace and has a tremendous demand all over the world.
Is this all? The global economy for the moment operates on the basis of innovation and information and this has made both of software and computer essential tools in business and at residence. IT industry, which is regarded as one of the most wealth-creating infrastructure, should be concentrated therefore and it has the potential to make the nation stay clear of downturn.
This post was written by Staff

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