THE PRESIDENT: Hi. I’m recording this message
from Seoul, South Korea, as I finish up my first
presidential trip to Asia. As we emerge from the
worst recession in generations, there is nothing
more important than to do everything we can to get
our economy moving again and put Americans back
to work, and I will go anywhere to pursue that goal.
That’s one of the main reasons I took this
trip. 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. It’s also a place where the
risk of a nuclear arms race threatens our security,
and where extremists plan attacks on America’s
soil. And since this region includes some of the
fastest-growing nations, there can be no solution
to the challenge of climate change without the cooperation
of the Asia Pacific.
With this in mind, I traveled to Asia to open a
new era of American engagement. 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. As the
two largest consumers and producers of energy, we
developed a host of new clean energy initiatives
with China, and our two nations agreed to work toward
a successful outcome at the upcoming climate summit
in Copenhagen – an outcome that leads to immediate
action to reduce carbon pollution. And I spoke to
young men and women at a town hall in Shanghai and
across the internet about certain values that we
in America believe are universal: the freedom of
worship and speech; the right to access information
and choose one’s own leaders.
But 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 – a task I will continue to focus
on relentlessly in the weeks and months ahead.
This recession has taught us that we can’t
return to a situation where America’s economic
growth is fueled by consumers who take on more and
more debt. In order to keep growing, we need to
spend less, save more, and get our federal deficit
under control. We also need to place a greater emphasis
on exports that we can build, produce, and sell
to other nations – exports that can help create
new jobs at home and raise living standards throughout
the world.
For example, if we can increase our exports to
Asia Pacific nations by just 5%, we can increase
the number of American jobs supported by these exports
by hundreds of thousands. This is already happening
with businesses like American Superconductor Corporation,
an energy technology startup based in Massachusetts
that’s been providing wind power and smart
grid systems to countries like China, Korea, and
India. By doing so, it’s added more than 100
jobs over the last few years.
Increasing our exports is one way to create new
jobs and new prosperity. But as we emerge from a
recession that has left millions without work, we
have an obligation to consider every additional,
responsible step we can take to encourage and accelerate
job creation in this country. That’s why I’ve
announced that in the next few weeks, we’ll
be holding a forum at the White House on jobs and
economic growth. I want to hear from CEOs and small
business owners, economists and financial experts,
as well as representatives from labor unions and
nonprofit groups, about what they think we can do
to spur hiring and get this economy moving again.
It is important that we do not make any ill-considered
decisions – even with the best of intentions
– particularly at a time when our resources
are so limited. But it is just as important that
we are open to any demonstrably good idea to supplement
the steps we’ve already taken to put America
back to work. That’s what I hope to achieve
in this forum.
Still, there is no forum or policy that can bring
all the jobs we’ve lost overnight. I wish
there were, because so many Americans – friends,
neighbors, family members – are desperately
looking for work. But even though it will take time,
I can promise you this: we are moving in the right
direction; that 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. That has been the focus of our
efforts these past ten months – and it will
continue to be our focus in the months and years
to come.
Thanks.