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Obama Says Asia Trip Focused on Economy and Creating U.S. Jobs
By Nicholas Johnston
Nov. 21 (Bloomberg) -- President Barack Obama said he focused much of his recent week-long trip to Asia on exploring ways to increase U.S. exports and thereby create jobs.
Obama returned Nov. 19 from a trip to Japan, China and South Korea. In his weekly radio and Internet address, he said increased exports to those countries can help the U.S. recover from its highest unemployment rate in decades.
Above all, 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, Obama said in the address, which was taped in Seoul. Increasing our exports is one way to create new jobs and create new prosperity.
The U.S. unemployment rate rose to 10.2 percent in October, the highest level since 1983. Obama said he will continue to focus relentlessly on creating new jobs.
The administration will host a jobs forum at the White House next month with business executives, economists, financial experts and representatives from labor unions to talk about government policies that can encourage job growth.
In todays address, Obama said the administration wont make any ill-considered decisions about spurring job growth because of the federal budget deficit, which reached a record $1.4 trillion in the fiscal year that ended Sept. 30.
Right Direction
Obama said the economy, which grew 3.5 percent in the third quarter, is moving in the right direction after government approval of a $787 billion stimulus package in February
The steps we are taking are helping, he said. And I will not let up until businesses start hiring again.
Obama said his Asia trip was also marked by productive efforts to develop new clean-energy initiatives and progress in working with China to send a unified message to Iran and North Korea in opposition to the development of nuclear weapons.
In todays Republican address, Senator Mike Crapo of Idaho said health-care legislation proposed by Senate Democratic leaders would increase insurance costs, taxes and government spending while reducing benefits.
This is not true health-care reform and it is not what the American people want, Crapo said.
The Senate is scheduled to take a rare weekend vote today on whether to begin debate on the $848 billion legislation, which is intended to cover 31 million uninsured Americans and curb medical costs.
Crapo said the measure would raise taxes by nearly half- a-trillion dollars, and cut hundreds of billions of dollars from Medicare, the government health-insurance program for the elderly and disabled.
Crapo said a better approach to health-care overhaul would be step-by-step reforms proposed by Republicans, such as letting consumers purchase insurance across state lines, allowing small businesses to pool together to purchase insurance for employees, and eliminating waste, fraud and abuse.
These are the kinds of reform that make sense and would really make a difference for all Americans, he said.
By Nicholas Johnston
Nov. 21 (Bloomberg) -- President Barack Obama said he focused much of his recent week-long trip to Asia on exploring ways to increase U.S. exports and thereby create jobs.
Obama returned Nov. 19 from a trip to Japan, China and South Korea. In his weekly radio and Internet address, he said increased exports to those countries can help the U.S. recover from its highest unemployment rate in decades.
Above all, 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, Obama said in the address, which was taped in Seoul. Increasing our exports is one way to create new jobs and create new prosperity.
The U.S. unemployment rate rose to 10.2 percent in October, the highest level since 1983. Obama said he will continue to focus relentlessly on creating new jobs.
The administration will host a jobs forum at the White House next month with business executives, economists, financial experts and representatives from labor unions to talk about government policies that can encourage job growth.
In todays address, Obama said the administration wont make any ill-considered decisions about spurring job growth because of the federal budget deficit, which reached a record $1.4 trillion in the fiscal year that ended Sept. 30.
Right Direction
Obama said the economy, which grew 3.5 percent in the third quarter, is moving in the right direction after government approval of a $787 billion stimulus package in February
The steps we are taking are helping, he said. And I will not let up until businesses start hiring again.
Obama said his Asia trip was also marked by productive efforts to develop new clean-energy initiatives and progress in working with China to send a unified message to Iran and North Korea in opposition to the development of nuclear weapons.
In todays Republican address, Senator Mike Crapo of Idaho said health-care legislation proposed by Senate Democratic leaders would increase insurance costs, taxes and government spending while reducing benefits.
This is not true health-care reform and it is not what the American people want, Crapo said.
The Senate is scheduled to take a rare weekend vote today on whether to begin debate on the $848 billion legislation, which is intended to cover 31 million uninsured Americans and curb medical costs.
Crapo said the measure would raise taxes by nearly half- a-trillion dollars, and cut hundreds of billions of dollars from Medicare, the government health-insurance program for the elderly and disabled.
Crapo said a better approach to health-care overhaul would be step-by-step reforms proposed by Republicans, such as letting consumers purchase insurance across state lines, allowing small businesses to pool together to purchase insurance for employees, and eliminating waste, fraud and abuse.
These are the kinds of reform that make sense and would really make a difference for all Americans, he said.
