The question was obviously phrased wrong to begin with. Everyone knows the jobs aren't going overseas because of technical innovation, but because of cheap labor. Programmers in India earn about 1/10th of the salary earned by a programmer in America.
It's just a different kind of sweatshop.
No, he wasn't. Jobs going overseas and technological innovations were basis of question dealing with employment. The actual question was:
"do you have any ideas or any plans within the administration of what you might do for these people who feel like there are fundamental changes happening in the work force and in the economy?
This is one of his ideas. I don't think it is the best idea, and it certainly isn't the only idea. But it is part of a plan.