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Obama trumpets Asia trip as boost to US economy Posted on 11/21/2009
President Barack Obama' is back from an eight-day trip to Asia.
Jobs and Markets Obama said talks with Asian allies could help create thousands of job and open new markets for American goods in the future.
President Obama said, "Asia is a region where we now buy more goods and do more trade with than any other place in the world - commerce that supports millions of jobs back home."
President Obama Comments Obama said, "I spoke with leaders in every nation I visited about what we can do to sustain this economic recovery and bring back jobs and prosperity for our people - a task I will continue to focus on relentlessly in the weeks and months ahead."
President Obama pitched his trip as a way to reintroduce the U.S. to those trading partners, including China.
$800 Billion Debt to China The Chinese government is the United States' biggest foreign creditor with $800 billion of federal U.S. debt.
Climate Change Obama said that there can be no solutions to climate change or energy without the cooperation of Asian and Pacific nations.
President Obama said that the discussions directly affect U.S. national security.
National Security He said, "We made progress with China and Russia in sending a unified message to Iran and North Korea that they must live up to their international obligations and either forsake nuclear weapons or face the consequences."
Increase Exports Obama said that if the United States can increase exports to the Asia-Pacific region by 5 percent, then the markets would create "hundreds of thousands" of jobs as a trading partner.
President Obama said, "Even though it will take time, I can promise you this." We are moving in the right direction ... the steps we are taking are helping and I will not let up until businesses start hiring again, unemployed Americans start working again, and we rebuild this economy stronger and more prosperous than it was before."
