By GottaLaff
President Obama is at the podium:
Too many Americans still out of work. Global economy is now interconnected, so we need to create new jobs, industries. No more abuse.
Pittsburgh picked itself up, creating jobs.
Key to future prosperity lies in places like Pittsburgh, as well as L.A., N.Y, etc.
New framework for growth:
Sustain plans until growth is restored. Coordinated stim plan. Now, we must make sure jobs return too.
Can't stop there. We can't grow complacent. New framework allows each to assess others' policies, consensus...
Next, we agreed to tough new financial regulations. No more schemes by a reckless few putting system at risk. A strong set of reforms. Transparency to derivatives market, standards, create powerful tools to hold firms accountable, tie exec pay to long term performance. In other words, more security.
Next: Phase out subsidies for fossil fuels. Increase energy security, transform economy, combat climate change threats. All nations need to meet this challenge.
Finally: Agreed to reform global cooperation and governance. No more 20th century approaches. New approach to cooperation: Shift more responsibility to emerging economies. Build new markets, establish new world trust fund... Keep commitments, take stock of our efforts going forward.
Shate mutual interests. A new era of engagements.
Stop nukes... unite in stopping Iran... But there's more work to be done. But we leave here more confident, united.
Q, A.P.: Iranian prez said your statement was a mistake, worked in Iran's favor. How can you negotiate w/ him? Military option?
A: Important to see what happens today... Show of unity in world community. Even China, Russia calling for IAEA investigation. Not your typical solidarity! New rapid response. Iran is on notice... when we meet Oct. 1, they'll have to come clean, make a choice. Willing to go down path (leading to greater security) giving up nukes, deciding to abide by international rules? Or will they continue down path to confrontation. What has changed is the international community has spoken. Up to Iran to respond. I won't speculate on what will happen. They have til Oct. 1. The choice they make will redetermine whether they're isolated or not. Military: We don't rule out any options when it comes to security, but reemphasize that I want to use diplomacy, up to the Iranians to respond.
Q: Reuters: Afghan War one of necessity. Meeting objectives possible? How does flagging support affect your decisions? Election fraud?
A: Goals: We went in not because we wre interested in entering or positioning ourselves regionally, but because Al Qaeda killed and vows to cont. killing Americans. My goal is to dismantle them, destroy their capacity for harm. Stability there and in Pakistan are critical. After several years of being adrift there, we have strong commitments from NATO allies. But after so many years of being adrift, we have to deliver. Waiting for report... But there is a sense of legitimacy of Afghan govt. Without that... After election, I said we have to reassess strategy, Afghans must provide for their own training, security. I'm doing what I said in March. McChrystal gave me his assessment. But my belief: Our military strategy is only part, must include civilian, diplomatic components. I'll decide based on what'll meet that core goal, to dismantle, disrupt, destroy Al Qaeda. Public opinion: I understand their weariness, just as I did re: Iraq. Just as they are, I'm asking very tough questions. I want best answers possible before I make decisions, esp. about sending troops.
Q: 5000+ demonstrators out there, protesting.
A: It's important to keep things in perspective. Other summits, in London, 100s of 1000s of people on streets. Most summits get more tumultuous response. This is a very tranquil G-20 summit. Protests are mostly generically against capitalism, object to financial system, free markets. In US, you can protest. I disagree with their view, that free market is source of all ills. Ironically, inside summit, strong recognition from most diverse collection of leaders in history, that it's important to make sure that market is working for ordinary people, that govt. has role in regulating in ways that don't cause current crises, that emphasis on balanced growth, bottom up: Workers can pay bills, make living, send kids to college.
Q: Why meet with Iranians on Oct. 1? And what happened in 2007, intel that Iran pursuing nukes?
A: Intel to IAEA: This was product of 3 intel agencies, not just one. They checked painstakingly, no ambiguity. The response today indicates the degree to which this intel is solid, and that Iran was constructing facility against rules. Meeting: I've said that we'll operate on 2 tracks. Preferably, diplomatic. If that doesn't work, other consequences may follow. By keeping diplomacy open, that'll strengthen world unity, then hold Iran accountability. You're seeing product of that strategy. Non-prolif. agreement, IAEA strengthened, unity too... So if diplomacy doesn't work, we're in stronger position to apply sanctions w/ bite. Not preferred, I'd rather Iran be responsible. It's up to their leaders.
Q: Chip Reid: Sanctions w/ bite? What kind would have bite w/ Iran? Would any affect him? And is this announcement a victory? If so, why not announce earlier since you've known since you were pres. elect.
A: This isn't a football game. I'm not interested in victory, I'm interested in solving a problem. Iran's actions contradict its words, so security threatened. My job is to try to solve that. We will explore, w/ allies, a wide range of options. You're right, I won't get into details about sanctions. But if international community is united, Iran will have to pay attention. Why not sooner? It's important in high stakes situations to make sure that intel is right. Make sure that all 3 intel agencies scrubbed it, make sure info is accurate.