it is an uncertain time. it is a good time. the united states of america is standing for freedom and democracy. i t y all for making the journey possible. -- i think you all for making the journey possible thank you very much. [applause] [captions copyright national cable satellite corp. 2011] [captioning performed by national captioning institute] >> every weekend on american history tv, the people and events the document the american story. this weekend, a group of lawyers, judges and historians retry mary surratt on charges that she was involved of president lincoln to talk assassinationjeb magruder on

working on the committee to re- elect. thomas wayland on the presidency and the cold war policy. >> president obama began his nine day trip to the asian pacific region today. he was interviewed by the ceo of the boeing co. and talk about the effects of the new government in italy and greece and helping to we sought -- which of their debt crises efforts to double u.s. expert -- exports. this is about 40 minutes. >> it is great to be here with you. >> thank you. >> mr. president, a few forms

are watched more closely by those in the business community and apec. testimony to the opportunity it represents to both sides of the pacific rim. apec accounts for 55% of global gdp and is growing faster than the global average -- significantly faster. it represents 2.7 billion consumers and purchases 58% of u.s. exports. i am very honored to represent many of the wide-ranging interests of the does this community on stage with you today. unlocking the growth potential that exists within apec is a huge opportunity for job creation here in the united states and for our economic partners. secretary clinton spoke about that yesterday within the context of greater engagement of women and small businesses for example per [applause]

just to start at 50,000 feet, you just participated in the g- 20 meeting last week where global growth and its parts thereof was a central topic of discussion. with the benefit of the viewpoints exchanged at the g-20 session, what now is your outlook for the global economy. maybe with an eye toward its impact on the apec economies. >> first of all, thank you for having me here. thanks to all the businesses participating. i understand there have been some terrific conversations over the past few days. i want to thank our ally and hosts pretty great hospitality.

as many of you know, this is my birthplace. i know that was contested for a while. [applause] i can actually show you the hospital if you want to go down there. i also have to make mention first of all that in all my years of living in hawaii in visiting kawai, this is the first time i have ever worn a suit. it feels a little odd. obviously, we have just gone through the worst financial crisis and the worst economic crisis since the 1930's. one of the differences between now and the 1930's is the global economy is more integrated than ever. what happens in asia has an impact here in the united states. what happens in europe has an

impact in asia and the united states. at the g-20 meeting, our most immediate task was looking at what is happening in the year rose on. if you trace what is happening over the last two or three years, we were able to stabilize the world economy after the crisis with lehman's can get the world financial system working again. we were able to get the economy growing again. it has not been growing as robustly as a means to him in order to put people back to work. my number one priority has been to not only grow the economy but major that translates into opportunities for ordinary people. i think leaders from around the world are thinking the same way. i was pleased to see that european leaders were taking seriously the need to not just solve the greek crisis but also to solve the broader eurozone

crisis. there have been some positive developments over the past week. a new potential government in italy and greece both committed to applying the internal structural reform that can give markets more confidence. there is still work to be done. to provide markets a strong assurance that countries like italy will be able to finance their debt. these are economies that are large pretty our economies that are strong. they have some issues that the markets are concerned about. that has to be addressed in side of italy, it will not be addressed overnight. is important that europe as a whole stands behind its eurozone members. we have tried to be as supportive as we can providing them advice and technical assistance.

i think we are not going to see massive growth of of europe until the problems are resolved. that will have a dampening affect on the overall global economy. if we can at least contain the crisis, then one of the great opportunities we can see the asian-pacific region opportunity for growth. one of the reasons we are here is to concentrate on what you just identified as about half of the world's trade, half of the world's gdp, and a growing share. the entire goal of a pack is to ensure that we are producing barriers to trade and investment that can translate into concrete jobs here in the united states and all-around world. if we are going to grow, it is like to be because of exports

per it will be because of a company's like bowling at what they are doing. it will because we have trade agreements that are creating a win-win situation is for countries the we were able to do bilaterally. if we can stay on that trajectory, letting this region of the world know that america is a pacific power. we intended to be here actively engaged in trying to boost the economy worldwide can for our respective countries. i am cautiously optimistic we will get through the current crisis that will come out stronger over the next few years. >> the growth is here for now. as i traveled around the asia- pacific region, we have had a

slight bit of ease around leaders on whether the u.s. intends to maintain its role in helping to ensure the political economic stability including the free throw economic progress. i do know that clinton and secretary panetta recently delivered some very reassuring remarks which i am sure did not happen by accident. i think your view on this subject is of great interest not only to the business community but to the community at large in the region. how does a is a fit as a priority for a country? where is its place in a multifaceted way? >> the united states is a pacific power.

we are here to stay. one of the messages that secretary clinton and panetta have been delivering -- i am personally here to deliver over the next week, there is no reason in the world that we consider more vital that we want on a whole range of issues to be working with our partner countries and the pacific rim in order to enhance job growth, economic growth, prosperity, and security for all of us. let me give you a couple of examples. the conference that we are hosting here is, to have some very concrete deliverable is for issues like regulatory convergence which permits countries to all think about whether our regulations are as effective as they can be or

where are they standing in the way of smart trade. i will be traveling to australia to celebrate the 60th year of the american australian alliance. that will signify the security infrastructure that allows for the free flow of trade throughout the region. the agreement that i just met with the countries who were involved, we are doing some outstanding work trying to create high-level trade agreement that could potentially be a bottle not just for countries in the pacific but for the world in general. across the board, whether it is on security architecture, whether it is on trade, whether it is on commerce, we are going to continue to prioritize this

region. one of the gratifying things as we talk to our partners in the region, they welcome u.s. real engagement. i think we spent a decade in which understandably after 9/11, we were very focused on security issues, particularly in the middle east region. that continues to be important, but we have turned our attention back to the region and is paying off immediately in a whole range of improved relations with countries and businesses are starting to see more opportunities and carry >> i don't think the business community has fully understood the comprehensiveness of your approach out here. i think because it all does link together, security, business environment, bilateral trade, all of these things really do link together. i think secretary clinton has

made a very comprehensive case for it that we have seen in some of her published works and some of her speeches. this looks like -- i would not say major the direction, but it is something that is a major priority for you over the next so many years. and i capturing it right? >> there is no doubt. it is a reaffirmation of how airport we consider this region. it has a range of components. some of those are grounded in a decade-long alliances. the allies had with japan and south korea. the security architecture of the region is something we pay a lot of attention to. we are going to be going through some tough fiscal decisions back home. nevertheless, what i have said when it comes to prioritizing

our security posture here in the region, this us to remain a top priority. on the business side, this is where the action is going to be great if we are not going to just double our exports to make sure good jobs are here in the united states, we will have to continue to expand our trade opportunities with the fastest- growing region in the world. that means in some cases so hard negotiations. i think that was a great model of prioritizing trade with a key partner. it was not easy. i said at the outset that i wanted -- i had no problem with seeing hyundai's and key is in the united states, but i wanted to season chevrolet's and giffords as well. -- i wanted to see chevrolet's

and fords as well. we were able to get a deal for the first time was endorsed not just by the business community but also was endorsed by the united autoworkers and the number of labor unions. that shows how we can build a bipartisan support for job agree -- creation in the united states and the trade agreements that make sense. >> you reference korea, panama, big strong trade had votes. it was a major legislative accomplishment. the momentum that he talks about flowing into the trans- pacific partnership, let's spend a minute on that. the d.c. other apec companies

joining? how important is the tcp for this region of the world and for the united states? is there anything else you would like to say about it? >> keep in mind almost two decades ago when a pact was formed, the notion was to create a trans-pacific free trade agreement. obviously, the membership of a pack is in divorce. it reflects countries with different levels of development for many years, that vision and dream i remember seeing often the distance. a group of apec companies came together and said, let's see if we can create a high standard agreement that is the link with

terrorists and non-tariff barriers to trade. -- tarriffs and non tariff barriers to trade. how we will be thinking about the internet and intellectual property. "we have seen, and we just came from a meeting at which the ttp members of firmed a basic outline and our goal by next year is to get the legal texts for a full agreement. the idea here is to have a trade agreement that deals not just with past issues but also future is cheese. if we are successful, then i think it becomes the seed of a

broader set of agreements. what has been really interesting is because of the success of these first few countries joining together, we are now seeing others like japan expressing an interest in joining. i have a meeting with the prime minister later this afternoon. i will get a sense from him about the degree to which japan wants to go through the difficult process involved. underestimate the difficulties of this. each member country has particular sensitivities, political barriers. care requires adjustments in the countries were certain industries may push back. we are not going to delay. our goal is to try to get something done by next year.

our hope is that if we can model this kind of outstanding trade agreement, the potentially you will see a lot of others joining in. >> it sounds like a real momentum. another issue just switching gears, this same type of subject, russia. russia will host apec in 2012. assuming that the wto process is successfully concluded, what kind of opportunities to use the as they try to integrate further into the global economy, become more asia facing themselves in the process. there is a clear agenda for them to try to upgrade their economy. there is the reason you are making this happen and you are going after wto. maybe give us a few words on the benefits of it all. >> first of all, we have had an

excellent working relationship with president mandela. the united states and russia has a whole range of differences but we also have some common interests. i believe it is very much in the united states interest to see russia and the wto. not only will it provide greater opportunities for u.s. businesses in russia, and also will create an even stronger incentive for russia to proceed down a course of reforms that will be good for the russian people but will also integrate them with the world economy. for the united states, i think a message that lies at only to the ttp but also to russia is that the u.s. will do well if

everybody is playing by the rules. i think we have some of the best entrepreneur, businesses. we have a system that has some flaws but overall we have extraordinary transparency. we have a legal system that protects intellectual property. we are at the cutting edge of the information technology boom. if we can create a system in which everybody is playing but a common set of rules, everybody knows what those rules are, i think u.s. workers and businesses are going to excel. there is no reason why globalization should be something we hear. it is something which should be able to xl last as long as everybody is in agreement on how

we proceed. whether it is in the wto, ttp, or apec. my message to all of our trading partners to other countries is that if you are playing by the rules, and america is ready to do business. we will remain open. we will fight against protectionist measures. we also will be pushing hard to make sure you are not engaging the system. we want strong enforcement of these roles. we think it will be for everybody's benefit over the long term. >> agreed. many of us have -- i should say benefited from the steadfastness that many in your cabinet have shown in supporting this. the enforcement side of wto. we appreciate it. you will be meeting here with china's senior leadership. many of us in the business

world face a common dilemma with china that perhaps you do at your level. we see a world where our interests compete with china on one hand and with their marketplace that also engaging with china for access to their market on the other. challenges abound. you alluded to a lot of it's just a minute ago. intellectual property protections, adherence to the wto rules you mention, drilling rights, etc. against the backdrop, would you be getting into specifics? how would you assess the u.s.- china relationship when was is now on both the left and the rights are calling for a harder line from your administration? >> first of all, i think we have created a frank dialogue with

the chinese over the last two years that has benefited both countries. my general view is that there can be a friendly and constructive competition between the united states and china and a whole range of areas where we share common interests and we should be able to cooperate. we should be rooting for china to grow. not only does that present an enormous marketplace for american businesses and exports, but to see so many millions of people -- hundreds of millions of people lifted out of poverty is a remarkable achievement. whether it is china, whether it is india, these emerging

countries. but they are accomplishing in a few short decades with alleviating poverty and helping people all the round the world get access to opportunity, that is a wonderful thing we should be rooting for. those are potential customers for us in the future. what i have said since i first came to office and what we exhibited in terms of our interactions with the chinese is we want you to play by the rules. there are very few economists that do not believe the r and b is not undervalued. that makes exports to china more expensive. it makes exports from china cheaper. that disadvantages american

businesses and american workers. this is something that has to change. it would actually be good for china's economy if the refocused on the domestic market. that kind of appreciation of their currency would help the overall balance of payments globally and would increase growth in china and increase growth here in the united states. intellectual property, i do not think it is any secret. you have spoken to a lot of c e l's in this room. for an economy like the united states where our biggest competitive advantage is our knowledge, and innovation, patents, copyrights, for us not to get the kind of protection that we need in a large marketplace by china is not acceptable. government procurement, if we

are allowing foreign companies to bid on projects in the united states, we want reciprocity. all of these issues have to be resolved. some of them can be resolved in multi lateral forms. some of them will have to be solved bilaterally. i am sympathetic to the fact that there are a lot of people in china that are still impoverished. there is a rapid pace of urbanization that chinese leaders have to work through. the bottom line is that the united states cannot be expected to stand by if there is not that reciprocity we need in our trade relations. we have brought that up in the past. we will continue to bring that up. there is no reason why it is

inevitably leads to a sharp conflict. there is a win-win opportunity. we have to keep working. where we see rules being broken, we have to speak up. we brought more enforcement actions against china over the last couple of years that have taken place in many of the preceding years. not because we're looking for conflict, but because we want to make sure that the interests of american workers and american business are protected. >> looking at the world from the chinese side, what they would characterize as investment in the united states. that discussion will be a part of what ever you have. how are you thinking about that? >> this is an issue, it is important to remember that the

united states is still the largest recipient of foreign investment in the world. there are a lot of things that make foreign investors see the u.s. as a great opportunity. our stability, are innovative, free market culture. we have been a little bit lazy over the last couple of decades. we have taken it for granted that people want to come here. we have not been out there selling america and attracting new businesses in to america. we have done that something called select usa that organizes all the government agencies to work with state and local governments to go out there and make it easier for foreign investors to build plants in the united states. we think that we can do much

better than we are doing right now. because of our federal system, sometimes a foreign investor comes in and they have to navigate these rules and they have to navigate state and local governments that may have a self interests. being able to create is not a one-stop shop. that is something that we want to encourage. >> i am old enough to remember this process around japanese auto companies 20 or 30 years ago. the process moved slow then. those companies are very fine american companies. they have contributed a lot to our economy. >> these companies can put people back to work. they can have a terrific impact. it is important for us since we

want american companies to invest, that they show some interest here. one thing that i think is important, we are on track to double our exports. part of the reason for that is because of the terrific work that has been done by our export-import bank. we have substantially increased the amount of financing we are providing to companies. i think boeing appreciates the good work. one of the things that i wanted starting tois we're focus on how we can get small and medium-sized businesses plugged into the global economy as well. a lot of women-owned businesses

are medium and smaller sized businesses. they may have great products, but they may not have the infrastructure to be able to navigate a whole bunch of other customs and regulatory impediments. for us to be a champion of not only financing, but allowing them to enter into the global marketplace is something that we should focus on. >> i see it from the boeing perspective. and a lot of our suppliers are tapping into it. speaking of exports, as chairman of your export council, i have had the privilege of working with you and members of your cabinet to pave the way to meet your goal of doubling the exports. priorities have bennett intellectual property rights,

credit financing, technology release, which you have made some progress on, and process these and you know the list. what is your assessment of how we are doing? >> we are doing great. i want to thank all of the members of the export council. they have been giving us terrific ideas. some of them are modest. backstage, before we came out, i designed a piece of legislation that was voted on unanimously in congress that sets up a travel card that allows businesses to be able to -- [applause] everybody appreciates it because they will not have to wait as long at the airport. they appreciate that.

that was an idea that came out of the business council that we were able to execute. we will continue to pursue every angle that we have to smooth the ability to do business with the united states and operating overseas. some of that has to do with changing our own internal operations. there has been a lot of commentary about regulations and my administration's approach to regulations. there have been some misconceptions. let me just comment on this. i make no apologies for making sure that we wanted to get regulations that protect consumers from unfair practices, shoddy products, that protect

the health of the kids in the u.s. and making sure that our air and water is clean. it is important to know that over the first two years of the obama administration, we have issued fewer new regulations than the previous two administrations. we have applied a rigorous cost- benefit. we have seen a lot more benefit for every dollar that the regulations cost than previous administrations. this is where it is relevant to the export issue. we are engaging in regulatory lookbacks. independent agencies have voluntarily volunteered to look

at every regulation on the book. is this helping to grow the economy? create jobs, and is it doing a good job in this 21st century of protecting the health and welfare of the public and consumers. if a rule is not working, we want to get rid of it. if a rule could be done cheaper and faster, we want to hear about it. you give us suggestions. we understand what you were trying to do. it is actually creating a a lot of unnecessary costs. here is a way that we can do it that would meet your objectives by doing it in a much more efficient way. we are eager for that. >> we will respond to that.

i appreciate those comments. another place is export controls. you're a administration, as somebody who deals in that world a lot, particularly in this region where it becomes much more of a sticking point to commerce than you would imagine, then i think that your administration has made more of an effort than any administration in recent memory. can you give us an update on that? there has been some progress recently. >> for those of you that may not be fully familiar with this issue, because we have such a terrific advantage in high-tech areas, advanced manufacturing, the work that we have been doing in information systems and so forth, traditionally, there has been a security element to u.s.

export policy where we have said that there are certain products that could be weapon iced -- weaponized, could have military applications, we are not going to have -- permit an easy time of exporting those products. under the leadership of bob gates, he recommended that we reexamine this whole issue of export controls to make sure that it was up to date and that we were not unnecessarily inhibiting u.s. companies from taking advantage of their biggest comparative advantage and going out there and selling high value products made by high wage workers that create a lot of opportunity for american workers and american businesses. we have gone through a very systematic process.

we are starting to see that process bear fruit. we are going to need some cooperation from congress. there are some things that we need to do on the executive side. the goal of reform is to clear away impediments for export for things that do not have a military application or for first generation stuff that everybody else has already caught up on so that we can focus more on those very narrow set of technologies where there really is a very significant security component. over the next couple of years, we will start to make progress. that will help to contribute to american businesses making sales and american jobs being created here in the united states.

>> it will be a big deal for our customers out here. we have time for one more question. as you mentioned earlier, following this meeting, you are heading down to australia. i just came from australia. they cannot wait for a state visit. and then to indonesia. as you approach those, what are the issues and what do you hope to accomplish? >> in australia, we are going to be focusing a lot on the security lines between our two countries. that has broader implications for u.s. presence in the pacific. when we get to bali and the east asia summit, we are going to be speaking about how can a great

pacific power be working with our partners to ensure stabil ity, to ensure free flows of commerce, maritime rules, and drilling, a whole host of issues are managed in an open and fair way. one of the things i am very encouraged about is the eagerness of other countries to see the u.s. reengaged in the region. here in the united states, there are times when we questioned our influence around the world. having gone through a couple of tough years, having been engaged in a decade of war, we recognize

all of the challenges out there for the united states and the reforms and changes we are going to have to make to stay competitive in the global economy. the news for the american people is that american leadership is still welcomed. it is welcomed in this region. it is welcome in the transatlantic region. it is welcome because we have shown that we are willing not just to look out after our own interests, but to set up some rules and norms in the international region that everybody can prosper from. people appreciate that. i am very proud of the

leadership that america has shown in the past. i also note do not want people to underestimate the leadership we are showing now. we are poised to work in a spirit of mutual interest and mutual respect with countries around the world. we continue to be a country that people are looking to for active engagement. >> very welcome news. mr. president, thank you very much. your perspectives were very much appreciated. enjoy the weather. maholo. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011]

>> today, president obama began a nine-day trip through the asia-pacific region in hawaii. he spoke to troops aboard the uss carl vinson. he honors veterans for their service and sacrifice and calls on businesses to hire veterans and their spouses. he also passed legislation to give tax credits to businesses that hire veterans. you will hear from an army reserve colonel who gives the republican address. he talks about the legislation that now goes through his chamber and his experience as a physician on his tour through iraq. >> the primary flight control of an aircraft carrier in san diego. this is one of the big ships in

the navy. on friday, it was home to one of the most unique college basketball games i have ever seen. it gave our veterans in servicemen a chance to on wind a little bit. i want to thank all our men and women in uniform for their service and sacrifice. this is not just about thanking veterans. it is about rededicating ourselves to serve our veterans like they have served on us. this has never been more important. last month, i announced that we will end the war i -- in iraq by the end of this year. military families will be welcoming loved one's home by the holidays. at the same time, we will be winding down the war in a afghanistan. millions of service members will be transitioning back into civilian life. these are men and women who served with distinction in some

of the most dangerous places on the planet. for many of them, the challenges do not end when they take off the uniform. more than 850,000 veterans remain unemployed. too many are struggling to find a job worthy of their talents and experience. that is not right. we asked them to leave their families and their jobs to risk their lives. the last thing that they should have to do is fight for a job when they get home. i have directed the federal government to lead by example. we have hired 120,000 veterans. we challenged private companies to train pos 9/11 veterans or their spouses by the end of 2013. many patriotic companies have answered the call, hiring 15,000 americans. thanks to the hard work of michelle and dr. joe biden, companies have announced their commitment to hire 120,000 more

over the next two years. we still need to do more. i called on congress to pass the returning heroes tax credit which would give them a tax break for each unemployed veterans that the higher and it would warriors benefit. these proposals would go a long way towards putting our veterans back to work. on thursday, i was pleased to see the senate put partisanship aside and come together to pass the tax credits. standing up for our veterans is not a democratic or republican responsibility. it is an american responsibility. it is one that all americans have the obligation to meet. it is one that the house should pass as soon as possible. i want every veteran to know that america will always honor your service and sacrifice.

not just today, but every day. just as you have fought for us, we are going to continue to fight for you. for the opportunity to keep your family strong and america competitive in the 21st century. to all of our veterans, thank you for your service. god bless you and may god bless the united states of america. >> hello, i am jo tack from the great state of nevada. as an active remote -- member of the army reserve for more than 20 years, i have a deeper appreciation for servicemen and their families. we consider the gratitude that we owe to these great people for the sacrifices that have made so that we can live free. i have been deployed three times in military career, was recently in iraq in 2008. iran emergency services in iraq.

we got a call that we had a marine coming in that have been shot. the radio crackled again. the medics said that they have lost him. we did everything we could. we were unsuccessful. he was 20 years old. after the nursing staff turf -- carefully washed away the desert sand and dirt of battle, they came in with an american flag. i am not sure whether got it. they proceeded to gently draped the stars and stripes over the body. they took the position of rest at the foot of the bed and stood there and stood there and stood there. hours later i asked, do you guys need a break? they said, never leave a fallen comrade. such is the caliber of the men and women we called veterans. love of country inspires them to

serve. looking out for one another is the highest priority on the battlefield. we can all learn a lot from that. whenever you see a young man or woman in uniform on the street, please take the opportunity to say thank you. it is the least we can do. it is how we keep the spirit of veterans day alive all year round. we owe it to our veterans to make sure they home -- can come home to a strong economy test so that they can trent titian and to civilian life. last week, the house of representatives passed the veterans opportunity to work. it would break down barriers to veterans' finding work. it is smart legislation that members from both parties support. i am pleased that the senate passed it. the house has passed several bipartisan bills to make sure that all americans have the

opportunity to provide for their families. all of them have a strong show of leadership from the president. with unemployment still much too high, which cannot wait to take bipartisan action that will help put americans back to work. with together, we can rise above politics to make sure our nation remains great and worthy of our veteran's sacrifices. god bless our military and the country they so gallantly sir. >> tomorrow, to the investigation into phone hacking by news international reporters. testifying, news international executive chairman james murdoch. here is a brief excerpt from that meeting.

>> i am not an aficionado of such things. >> a group bound together by secrecy with no regard for the law and generally operate in criminality. would you agree with me that this is an accurate description of news international in the u.k.? >> absolutely not. i think that is offensive and it is not true. >> there are allegations of phone hacking, computer hacking, perjury facing this company. all of this happened without your knowledge? >> as i said to you and this committee on a number of occasions, it is a matter of great regret that things went wrong at news of the world bank" in 2006. the company did not come to grips with those issues. i have a knowledge that. evidence of the committee was

given without full acknowledgement of the past. that is something i am very sorry for. when evidence came to light and when we finally achieved the transparency that is appropriate, we have acted and the company has acted with a great deal of diligence to get to the bottom of these issues and to make sure that they do not happen again and make sure our cooperation with the police, this committee are such that we can bring any wrongdoers that are proven to be so to account. >> you must be the first mafia boss in history that did not know he was running a criminal enterprise. >> mr. watson, please. >> you can see the entire house of commons meeting tomorrow at 3:20 eastern here on c-span. >> in his new autobiographical narrative, he finally recognizes and comes to terms with his

posttraumatic stress disorder eighth decades after vietnam. >> i started telling this guy bank about my symptoms. running outside without knowing what was going on. a car would honk behind me and i would be angry and attacking the car behind me. he said, have you ever bent in a war? that hit me so hard. i was in a room of 80 people. i started bolling was not coming out of my news -- nose. he says you have ptsd. have you ever heard of it? i said no. >> this week on "the communicator's" a discussion on voice of america with david ensor.