SMALL BUSINESS AND POLITICS WORKING TOGETHER
8 years ago
The Democratic U.S. president hopes to capitalize on a reservoir of goodwill because of the change in policies and style from his Republican predecessor, George W. Bush, who was unpopular abroad.
Analysts said enthusiasm for Obama among the public in Europe will make for a positive tone in his meetings with allies such as British Prime Minister Gordon Brown, French President Nicolas Sarkozy and German Chancellor Angela Merkel.
At the NATO summit in Strasbourg, France, the leaders will celebrate the 60th anniversary of the transatlantic alliance. In a move symbolizing closer Franco-American ties, France is rejoining NATO's military command after decades of self-imposed exile.
Obama will use the NATO summit to further explain a strategy he unveiled this week for Afghanistan that puts a strong focus as well on Pakistan. It sets as the main goal the defeat of al Qaeda and Taliban militants.
Obama, on his first trip abroad as president, sought in talks with Prime Minister Stephen Harper to allay Canadian concerns raised by a "Buy American" clause in a $787 billion U.S. economic recovery plan he signed this week.
"Now is a time where we have to be very careful about any signals of protectionism," Obama told a joint news conference after several hours of talks with Harper on his one-day visit to Ottawa.
"And as obviously one of the largest economies in the world, it's important for us to make sure that we are showing leadership in the belief that trade ultimately is beneficial to all countries," he said.
He stressed the United States would meet its international trade obligations and told Harper he wanted to "grow trade not contract it."
The chairman of the Senate banking committee claimed Thursday that he would "look at every possible legal means" to recover billions in bonuses to Wall Street executives, after President Obama called the bonuses plain "outrageous."
The president reacted harshly Thursday to reports that corporate employees got paid more than $18 billion in bonuses last year.
"That is the height of irresponsibility. It is shameful," he said.
Sen. Chris Dodd, D-Conn., released a statement saying: "I'm demanding that the Treasury Department figure out some way to get this money back."
Media outlets reported today that President Barack Obama will name Joshua DuBois, a Pentecostal minister who did religious outreach during the campaign, to head a revamped White House office of “faith-based” initiatives.
The Rev. Barry W. Lynn, executive director of Americans United for Separation of Church and State, called on Obama to act quickly to overturn executive orders and other policies from the Bush administration that undercut civil rights and civil liberties.
“I urge President Obama and his staff to work expeditiously to fix several glaring problems with the ‘faith-based’ initiative,” Lynn said. “Time is of the essence. Every day the initiative operates under Bush-era rules is another day rights are violated and tax money is squandered.”
Lynn said the Obama administration should work to implement a series of recommendations the new president made in July. During a speech in Zanesville, Ohio, Obama vowed to end taxpayer-funded job bias in faith-based programs, forbid proselytizing in these programs and subject them to oversight to make sure they are effective.
While the House and Senate measures are similar, they are most likely to differ in ways that could snarl negotiations between Democrats from the two chambers, and delay getting a measure to the president. In particular, House and Senate Democrats are split over how to divide $87 billion in relief to the states for Medicaid, with senators favoring a formula more beneficial to less-populous states.
Although his presidency is barely a week old, some of Mr. Obama’s work habits are already becoming clear. He shows up at the Oval Office shortly before 9 in the morning, roughly two hours later than his early-to-bed, early-to-rise predecessor. Mr. Obama likes to have his workout — weights andcardio — first thing in the morning, at 6:45. (Mr. Bush slipped away to exercise midday.)
He reads several papers, eats breakfast with his family and helps pack his daughters, Malia, 10, and Sasha, 7, off to school before making the 30-second commute downstairs — a definite perk for a man trying to balance work and family life. He eats dinner with his family, then often returns to work; aides have seen him in the Oval Office as late as 10 p.m., reading briefing papers for the next day.
Officials in U.S. President Barack Obama's administration are drafting a letter to Iran from the president aimed at unfreezing relations and opening the way for direct talks, Britain's Guardian newspaper reported on Thursday.
The U.S. State Department has been working on drafts of the letter since Obama was elected last November, the report said. It was a response to a letter of congratulations sent by Iranian President Mahmoud Ahmadinejad after Obama's poll victory.
The letter gives assurances that Washington does not want to overthrow the Iranian administration, but instead seeks changes in its behavior, the paper said. It would be addressed to the Iranian people and sent directly to Supreme Leader Ayatollah Ali Khamenei, or released as an open letter.
Obama's interview was seen widely in Pakistan and has received a generally positive response from analysts there. Islamabad author and journalist Imtiaz Gul told CNN: "It's a good sign of an attempt to reconcile with the Muslim world, to say America wants to reach out to them and not to consider them as an enemy."
What the country has seen of his leadership style so far evokes the discipline of George W. Bush and the curiosity of Bill Clinton. Mr. Obama is not shy about making decisions and making them expeditiously — he assembled his team in record time — but he has also sought to tap into the nation’s intellectual dialogue at a time of great ferment...“He sort of lives in a grudge-free zone,” said John D. Podesta, a co-chairman of his transition team. “He’s capable of taking on board a lot of information and making good decisions. He knows he’s going to make mistakes. But he also knows that you’ve got to do the best you can, make tough decisions and move on.”
“I don’t think it maps into traditional right-left, but nor is it Bill Clinton-like triangulation,” said Robert B. Reich, Mr. Clinton’s labor secretary and an economic adviser to Mr. Obama. “My sense is he genuinely believes that people can come to a rough consensus about big problems and work together effectively. I don’t really get a sense of ideological position. He’s obviously a man of strong convictions, but they don’t fall into the standard boxes.”
The decision came 24 hours after the banking giant, which was rescued by a $45 billion taxpayer lifeline, defended buying the state-of-the-art Dassault Falcon 7X -- one of nine to be flying in U.S. skies -- as a smart business deal.
The jet, the epitome of corporate prestige and privilege, can carry 12 passengers in elegant comfort.
ABC News has learned that on Monday officials of the Obama administration called Citigroup about the company's new $50 million corporate jet and told execs to "fix it."
Fidel Castro is said to like the new American leader, and North Korea and Iran both sounded open to new ideas to defuse nuclear-tinged tensions...Iran still considers the U.S. the "Great Satan," but a day after Obama was sworn in, it said it was "ready for new approaches by the United States." Foreign Minister Manouchehr Mottaki said his country would study the idea of allowing the U.S. to open a diplomatic office in Tehran, the first since the 1979 Islamic Revolution.
There is a certain amount of irrationality in our Iran policy, arising in part from the experiences of the U.S. Embassy hostage crisis in Tehran in 1979-80...There is baggage on both sides, of course; some Iranians remember the U.S.-led overthrow of the Mossadeq government in 1953 with equally vivid bitterness while others, opposed to the current regime, blame America for the revolution of 1979. This baggage sometimes makes American policy-makers reluctant to accept the historical and geopolitical fact of Iran's importance in its region, and hence the underlying legitimacy of Iran's long-term aspirations to play a regional role, including in Afghanistan and Iraq. Of course, the United States and the rest of the international community have a clear interest in ensuring Iran plays a constructive role in those countries, rather than its current highly destructive and de-stabilizing role. Still, it seems clear that distinguishing Iran, as a country, from the clericist regime in Tehran and from the Iranian people it opposes, is fundamental to developing an effective Iran policy. The youthfulness of Iran's population, and Iranians' widespread dissatisfaction with the only regime many of them have ever known, are key advantages for the United States. But lack of diplomatic representation in Tehran, along with limited willingness to engage in discussion with Iran's leadership group - backed by force and international consensus, and addressing the broadest possible range of issues in partnership with other Muslim allies - severely limits U.S. options and restricts situational awareness. This makes it hard to clearly discern the Iranian role in an Islamic civil war, or to formulate viable policy responses to it (pp. 20-21).
Officials say they will make wide-ranging changes, including stricter federal rules for hedge funds, credit rating agencies and mortgage brokers, and greater oversight of the complex financial instruments that contributed to the economic crisis.
“Excessive executive compensation that provides inappropriate incentives,” Mr. Geithner said, “has played a role in exacerbating the financial crisis.”