Obama lists new job creation as his number one priority
Friday, 29 January 2010
From Fazle Rashid
NEW YORK, Jan 28: President Obama made a stirring speech in his first State of the Union address before the joint session of the Congress last evening lifting his own public rating and reasserting with all the strength in his command to say America is not going to cede its position as the number one global power to anyone. His speech lasting about 70 minutes was frequently interrupted by rapturous applause from all section of the House.
Creation of new jobs was his number one priority and appealed to Democrat and Republicans to end the " tired old battles" that have divided the nation. He said the worst storm has passed. He set a goal of doubling the export over next five years and create two million jobs.
He proposed new investment tax cuts that would put more cash into the pockets of small business and plough back $30 billion retrieved from bailed out companies in small businesses.
President Obama called for new rules requiring the lobbyists to disclose each contact they make on behalf of their client with the Congress and the administration and in a rare flash of open confrontation between the White House and the Supreme Court he termed the recent court ruling would open the flood gates for special interest including foreign companies.
Strikingly for a president who is prosecuting two wars and trying to protect America against the threat of a terrorist attack the President devoted only nine minutes on foreign affairs.
And in Davos, Switzerland, where World Economic Forum meet a grim warning has emerged, and rightly so perhaps. The analysts and power brokers had no hesitation in stating unambiguously that the UN Security Council, IMF and the G8 and other international institutes are unfit to solve global problems because they no longer represent the balance of power in the world, the New York Times in a report said.
They said the present system has become outdated G20 has the kind of legitimacy required to govern. The G20 is the harbinger of global governance in 21st century, President Nicolas Sarkozy of France has said.
LiKeqlang widely tipped to be the next prime minister of China will address the World Economic Forum meet today. Economic recovery is neither uniform nor firmly embedded across the world, the delegates to World Economic Forum conceded. There are fears that global economy will suffer another round of setbacks.
NEW YORK, Jan 28: President Obama made a stirring speech in his first State of the Union address before the joint session of the Congress last evening lifting his own public rating and reasserting with all the strength in his command to say America is not going to cede its position as the number one global power to anyone. His speech lasting about 70 minutes was frequently interrupted by rapturous applause from all section of the House.
Creation of new jobs was his number one priority and appealed to Democrat and Republicans to end the " tired old battles" that have divided the nation. He said the worst storm has passed. He set a goal of doubling the export over next five years and create two million jobs.
He proposed new investment tax cuts that would put more cash into the pockets of small business and plough back $30 billion retrieved from bailed out companies in small businesses.
President Obama called for new rules requiring the lobbyists to disclose each contact they make on behalf of their client with the Congress and the administration and in a rare flash of open confrontation between the White House and the Supreme Court he termed the recent court ruling would open the flood gates for special interest including foreign companies.
Strikingly for a president who is prosecuting two wars and trying to protect America against the threat of a terrorist attack the President devoted only nine minutes on foreign affairs.
And in Davos, Switzerland, where World Economic Forum meet a grim warning has emerged, and rightly so perhaps. The analysts and power brokers had no hesitation in stating unambiguously that the UN Security Council, IMF and the G8 and other international institutes are unfit to solve global problems because they no longer represent the balance of power in the world, the New York Times in a report said.
They said the present system has become outdated G20 has the kind of legitimacy required to govern. The G20 is the harbinger of global governance in 21st century, President Nicolas Sarkozy of France has said.
LiKeqlang widely tipped to be the next prime minister of China will address the World Economic Forum meet today. Economic recovery is neither uniform nor firmly embedded across the world, the delegates to World Economic Forum conceded. There are fears that global economy will suffer another round of setbacks.