WASHINGTON (AP) — President Barack Obama’s eight-day trip to Asia produced no tangible wins for the United States, though he is citing talks with Asian allies that he says could help create thousands of job and open new markets for American goods in the future.
Citing progress on a trip that took him from Tokyo to Seoul, Obama noted that “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.”
“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,” Obama said in his weekly radio and Internet address taped while he was in Seoul, the South Korean capital, and released Saturday.
The president pitched his trip as a way to reintroduce the U.S. to those trading partners, including China.
The Chinese government is the United States’ biggest foreign creditor with $800 billion of federal U.S. debt, which gives it extraordinary power in the relationship. And Beijing feels the global recession, sparked by U.S. financial industry excesses, vindicates its authoritarian leadership.
Obama told Americans that there can be no solutions to climate change or energy without the cooperation of Asian and Pacific nations. Repeating a theme he used abroad, Obama told the U.S. audience that the discussions directly affect U.S. national security.
“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,” he said.
Obama’s trip included a town hall-style event with students in Shanghai and discussion about a coming climate summit in Copenhagen. He also prodded China to loosen restrictions on Internet access and increase freedoms of speech and religion.
Obama repeatedly has said the United States does not wish to contain China’s rise. Instead, on Saturday, he 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.
“Even though it will take time, I can promise you this,” Obama said. “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.”
———
On the Net:
Obama address: www.whitehouse.gov
Business
<img src=" http://www.joplinglobeonline.com/images/zope/weekend.gif" border=0> Obama trumpets Asia trip as boost to US economy
- Business
-
-
Obama call for manufacturing revival a tough goal
President Barack Obama is making a strong election-year push for an economic revival “built on American manufacturing.” But he faces an uphill slog, with little consensus even within his own party on how to do it.
-
Stocks fall sharply as Greek deal is held up
Stocks are closing their worst day this year after Greece hit a roadblock on its way to a critical bailout.
-
Budget deficit drops to $27 billion in January
The budget deficit fell sharply in January compared to a year earlier, as an improving economy lifts income tax revenue.
-
Feds slap CA utility for San Onofre ammonia leak
Federal regulators say an ammonia leak that caused an emergency alert at Southern California’s San Onofre nuclear plant was caused by employees who failed to recognize degraded equipment and fix it.
-
Chicago officials make plans for potential massive protests of G-8, NATO summits
In Wisconsin, a group of environmentalists plans to bicycle to Chicago’s G-8 and NATO summits to protest an economy that relies too heavily on fossil fuel.
-
Obama praises Italian leader’s economic efforts
Eager for Europe to contain its economic troubles, President Barack Obama praised Italian Premier Mario Monti on Thursday for his efforts to lead Italy out of its fiscal quagmire.
-
Consortium in South wins federal approval for 2 new nuclear reactors
A consortium of utilities in the South won government approval Thursday to construct two new reactors at an estimated cost of $14 billion, the strongest signal yet that the three-decade hiatus of nuclear plant construction is finally ending.
-
Stocks fall at the open as Greek deal is held up
U.S. stocks opened lower Friday after Greece’s bailout deal was put on hold, a day after it seemed that the country had satisfied its creditors.
-
Asia stocks slip as Greek bailout remains in limbo
Asian stock markets dropped Friday after Europe’s finance ministers demanded more spending cuts from Greece before clearing a (euro) 130 billion ($170 billion) bailout to stave off the country’s bankruptcy.
-
Google’s first employee leaves to join education nonprofit
Google Inc.’s first hired employee, Craig Silverstein, is leaving the tech giant, where he’s worked since its founding, to sign on with the rising education startup Khan Academy.
- More Business Headlines
-






