creating two million new jobs and while corporate america could be battling the administration back home over health care reform and other policies, american c.e.o. s are walking arm in arm with the president through asia. what this does for u.s. business it strengthens relationships including the economic one, but i cannot tell you how important that is because as we go around the world and look to do business in other countries those relationships between governments matter. earlier as you mention the president visited the tag palace hotel where he is staying with the first lady to honor the hundreds of people killed and wounded ins islamic terror attacks in mum by in november of 2008 calling it 26/11, their version of 9/11 and the president said the visit here in mumbai was beened to send a
remembering the 2008 terror attacks as he tried to drum up their interest in u.s. exports. and now live from mumbai, with the latest. tell us about the trip. well, the president is just about to give a major economic speech here to u.s. and indian business executives, after the administration announceed $10 billion in new deals including aircraft engines and jets from boeing and military hardware. the administration said this will support 54,000 jobs and this is the point of the president s trip, he is on the hunt for more deals like this here in asia to help create more jobs especially after the shellacking he got in tuesday s congressional midterm elections. voter expressing their frustration with weak job creation in the economy, voting republic. now, the president wants to double uss exported by 2015
and the president is on the hunt for more deals leak this in india and the other countries he will visit in asia on the ten-day trip to help create more jobs in the united states. and while corporate america could be fighting with the administration back home over health care reform and other policies, american c.e.o. s are walking arm and arm with the president through asia to get the trade deals. they want them as bad as he does. critics who say free trade would ship job overseas, the c.e.o. s say new and foreign contracts and operations overseas help create and sustain jobs at home. there is a global power company and we have 2,000 people in the united states and 1,000 depend on growth and markets like this and our growth means we will add more people when we expand. in places like india. the president and the first lady went to the tag hotel to
high-tech items and auto parts and items. and help them locate to service the markets and undervalued currency they send that stuff right back. so is that not only, that destroys americans jobs first by weekend exports and then by the imports we take, we have a huge trade deficit with asia, through three presidents we ve tried diplomacy, it s time to acknowledge that diplomacy failed. do you agree? the problem we have, we have no sanctionings, no ability to say, listen, if you don t open your your markets, we re going to start hitting you with some sanctions in return. as long as you don t have the big stick, speaking softly is only going to get you so far so i agree with pete on that, however, i do think that it s going to achieve some things, i think this is a positive, probably the best thing the president can do for jobs and india, when you strip out currency manipulation, india is the fourth largest economy in the world and china will be
saying that we are now second. the president of china is now the strongest and most powerful leader in the world. that is america s power in the world is diminished. those rankings are wrong, but obama s problem is he has never really been able to do much in asia and on this trip, the americans shellacked him on tuesday and the chinese will shellac him at the end of the week, the most important event on this trip, because yesterday the chinese said the plan to rebalance the global economy is dead on arrival and the in daps did not the indians did not like it. this is a country that had a great relationship with president bush, speaking of india, but this is about fiscal policy. and fiscally the president has been rejected around the world. etionz eggs yesterday the