The importance of education is emphasized through these words of US President, when he said, 'In an economy where knowledge is the most valuable commodity a person and a country have to offer, the best jobs will go to the best educated - whether they live in the United States or India or China'. He makes a very important observation, pertaining to the need of education in holding a good job and flourishing in a successful career. He also announced $4.35 billion in competitive grants as part of the Race to the Top initiative to bolster education reform. This announcement was made during his address to the Department of Education.
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