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Obama Stresses 'Great Promise' Of Business Growth In Americas

Obama Financial Crisis Task Froce

First Posted: 04/14/2012 6:00 am Updated: 04/15/2012 12:12 pm


CARTAGENA, Colombia, April 14 (Reuters) - U.S. President Barack Obama stressed on Saturday the "great promise" for business growth in the Americas, seeking to play up the economic heft of the region he has paid little attention to in his first three years in office.

In remarks prepared for a meeting of corporate chief executives in Cartagena, Colombia, where he is attending the 33-nation Summit of the Americas, Obama described U.S.-Latin American ties as "one of the world's most dynamic trade relationships"

"With nearly a billion citizens - nearly a billion consumers - among us, there's so much more we can do together," according to excerpts of his speech released by the White House.

"For the Americas, this is a moment of great promise. And I believe if we seize the opportunities before us, we'll continue to be each other's economic partners of choice," he was set to tell the gathering of CEOs on Saturday morning, which precedes the formal start of the regional leaders' summit.

Obama, who is running for re-election in November, is under pressure in Colombia to show he is committed to engaging with Latin America and addressing regional issues like drug trafficking and violence.

His critics - including many pivotal Hispanic voters in the United States - have accused him of largely neglecting Washington's neighbors to concentrate on crises in the Middle East and Afghanistan and an effort to boost U.S. trade ties with fast-growing Asia.

On his way to Colombia on Friday, Obama gave a speech at a shipping port in Tampa, Florida, on the ways U.S. businesses and workers can benefit from increased trade with Latin American countries like Mexico, Brazil and Argentina.

Florida, a state with a large Hispanic population, is expected to be an electoral battleground on Nov. 6 and Latino voters could also make or break Obama's chances in swing states like Nevada, Colorado and Virginia.

Polls show the president well ahead of Mitt Romney - the presumed Republican nominee for the White House race - among Latino voters despite concerns about his lack of attention to Latin American issues and disappointment about his failure to produce the broad immigration reform he promised in 2008. (Reporting by Laura MacInnis and Caren Bohan; Editing by Eric Beech)

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CARTAGENA, Colombia, April 14 (Reuters) - U.S. President Barack Obama stressed on Saturday the "great promise" for business growth in the Americas, seeking to play up the economic heft of the regio...
CARTAGENA, Colombia, April 14 (Reuters) - U.S. President Barack Obama stressed on Saturday the "great promise" for business growth in the Americas, seeking to play up the economic heft of the regio...
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Linda from Deerfield
Paying attention
01:55 PM on 04/16/2012
I must say that I've always wondered who got to business leaders in this country to get them to throw so much support to communist China, when there was a powerful "triad" concept in the works that made a lot more sense. The "triad" global trade view would have saved a lot of transportation energy by emphasizing trade with our natural partners -- neighbors, really -- and probably would have prevented massive illegal immigration and intensely violent drug wars.
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kamact
Market Observer
11:19 AM on 04/16/2012
Words only...
nothingchanges
too soon old, too late smart
10:42 AM on 04/16/2012
'For The Americas, This Is A Moment Of Great Promise'

"Promises are like children's drawings....................

Often made, yet rarely kept".....................(Peter Schickele)
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katieandtom
10:29 AM on 04/16/2012
obama would be smart to not go with his "hope and change" stuff again. it really alienates people who are no better off or worse off.
07:24 AM on 04/16/2012
I promise you that if i am reelected we will go deeper in debt ,have less jobs, more taxes,more entitlements programs ,more czars in the white house, higher gas prices, more failed green energy projects etc: .THANKS DON'T FORGET TO VOTE FOR ME .
11:38 PM on 04/15/2012
the GREAT PROMISE was made in 2007 and he hasn't KEPT IT with the american people
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carolgregor
09:10 PM on 04/15/2012
Pathetic, the middle class is BROKE and our President is still surrounded by the crooks that created this mess. Look around and do something.
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katieandtom
10:30 AM on 04/16/2012
he wont. he just talks pretty words about hope and change.
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sonny parker
04:51 PM on 04/15/2012
Something he can't even do in the U S.....nobamabinbiden...go back to your roots...pass thru Chicago on your way to Kenya....
03:35 PM on 04/15/2012
If the Clown-In-Chief (the Chief Clown) were gone tomorrow, it wouldn't be soon enough.
03:30 PM on 04/15/2012
free enterprize is what makes the economy grow.This is idiot that is in the WH has no idea how to jump start the economy.NEITHER DOES CONGRESS.The green energy companies that he gave billions to went bankrupt.Al Gore got alot of that money.Another democrat.
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02:51 PM on 04/15/2012
Obama's most habitual behavior when it comes to promises is breaking them.
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02:47 PM on 04/15/2012
"With nearly a billion citizens - nearly a billion consumers - among us, there's so much more we can do together," With NAFTA, you guys make it and the US will buy it with money borrowed from China and freshly printed from the fed reserve.

Another day, another promise and the unions get trashed.
03:26 PM on 04/15/2012
The dam unions are to blame.
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aforbes808
Naked is a state of mind.
01:42 PM on 04/15/2012
At first glance I thought the article said "meeting with Corporate Thieves". pax
01:15 PM on 04/15/2012
Great opportunity for who - how about Harry Reid and his friends??

"On a dusty, rock-strewn expanse at the edge of the Mojave Desert, a company linked to Senate Majority Leader Harry Reid wants to build a bullet train that would rocket tourists from the middle of nowhere to the gambling palaces of Las Vegas.
Privately held DesertXpress is on the verge of landing a $4.9 billion loan from the Obama administration to build the 150 mph train, which could be a lifeline for a region devastated by the housing crash or a crap shoot for taxpayers weary of Washington spending.
The vast park-and-ride project hinges on the untested idea that car-loving Californians will drive about 100 miles from the Los Angeles area, pull off busy Interstate 15 and board a train for the final leg to the famous Strip. ... and give the Democratic president's re-election prospects a lift in battleground Nevada. ... Yet even as the Federal Railroad Administration considers awarding what would be, by far, the largest loan of its type, its own research warns it's difficult to predict how many people will ride the train, a critical measure of financial survival, an Associated Press review found."
Read more here: http://www.miamiherald.com/2012/03/25/v-print/2713144/ap-enterprise-vegas-rail-a-gamble.html#storylink=cpy

Reid and company will get 4+ Billions of taxpayer dollars and the taxpayers will get the political shaft again.
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Logicalthinker10
Religious denominations cause division .
12:24 PM on 04/15/2012
Most people and leaders around the globe see this and other speeches as nothing but pretty words.