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"We have what is truly a once-in-a-lifetime opportunity to pass legislation that will generate millions of jobs, create a simpler, fairer tax system with lower rates for everyone, and put our government on a path toward fiscal sanity," he said. On China, throughout his trip Obama sent both public and private signals to the rising giant, cementing American power in a manner seen to counter China, and scolding Chinese leaders about the need to play by the rules economically. On the final day of his trip, Saturday in Indonesia, Obama held a surprise meeting with Chinese Premier Wen Jiabao on the sidelines of an East Asia summit, focusing on the economic matters that have prompted disputes between the two major world powers. White House National Security Advisor Tom Donilon told reporters that Obama stressed the importance of China adjusting the value of its currency, which the United States contends is deeply undervalued, and he said Obama and Wen also briefly discussed territorial disputes in the South China Sea. Later, Obama and leaders at an East Asia summit retreat raised the issue of maritime security, prompting Wen to respond. A senior U.S. administration official told reporters aboard Air Force One that Wen's remarks signaled a gradual evolution toward resolving quarrels with Asian neighbors over the major shipping route. He said U.S. officials were encouraged by Wen's response. Donilon downplayed tensions and rejected suggestions that the nine-day mission in the Asia-Pacific was designed to thwart a rising China. The U.S. policy, Donilon said, was about rebalancing U.S. interests and focusing once more on the Asia-pacific region. "This has nothing to do with isolating or containing anybody," he said. ___ Online: Obama address:
http://www.whitehouse.gov/ GOP address:
http://www.youtube.com/gopweeklyaddress
[Associated
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