In Colombia, Obama Seeks To Focus On US Economy
Obama's stop in Colombia is emblematic of his election-year foreign travel itinerary, which is limited to the international meetings U.S. presidents traditionally attend. The president had little planned in Cartagena outside the official summit events, except for meetings with some of the summit leaders and a visit to a historic church.
Obama's goal: Get in, get out and don't do anything that can create a political distraction back home.
Still, the president's focus on Latin America this weekend was expected to catch the attention of Hispanics in the U.S., an increasingly important voting bloc, especially in battleground states like Florida, Nevada and Colorado. More than 20 million Hispanics in the U.S. are eligible to vote.
Obama carried 67 percent of the Latino vote over Republican challenger John McCain in the 2008 election. With Republican presidential candidate Mitt Romney having staked out a hard-line position on immigration during the GOP primary, the Obama campaign hopes to score overwhelming support from Hispanics again this November.A Quinnipiac poll conducted earlier this year showed Obama with a sizeable 58 percent to 35 percent lead over Romney among registered Hispanic voters. In Tampa, Obama acknowledged the commercial ties many Hispanics in the U.S. have with Latin American countries. He announced new initiatives to help Latino-owned small businesses, as well as other U.S. companies, get financing to expand their exports throughout the Western Hemisphere. And he pitched programs to help small businesses link up with foreign partners in the Americas. The White House sees increases in the U.S. export market as a bright spot in an economic recovery that has weathered plenty of ups and downs. Administration officials say U.S. exports with the Western Hemisphere have grown by about 17 percent since 2010, with Latin America accounting for much of that increase. Officials say new trade agreements Obama signed last year with Colombia and Panama will further boost U.S. economic ties with the region. Implementation of the Colombian accord is contingent on Colombia's government meeting certain labor rights conditions. The U.S. business community and many Colombian officials are hoping Obama will use his trip to announce that implementation of the trade deal can proceed.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV