US President Barack Obama state visit: Day 2: Speech at Westminster

US President Barack Obama state visit: Day 2: Speech at Westminster; Barack Obama speech SOT - This doesn't mean we can afford to stand still. The nature of our leadership will need to change with the times. As I said the first time I came to London as President, the days are gone when Roosevelt and Churchill could sit in a room and solve the world's problems over a glass of brandy though I'm sure Prime Minister Cameron would agree that some days we could both use a stiff drink. In this century, our joint leadership will require building new partnerships, adapting to new circumstances, and remaking ourselves to meet the demands of a new era. That begins with our economic leadership. Adam Smith's central insight remains true today: there is no greater generator of wealth and innovation than a system of free enterprise that unleashes the full potential of individual men and women. CUTAWAY George Osborne MP (Chancellor of the Exchequer) seated behind Hague - That is what led to the Industrial Revolution that began in the factories of Manchester. That is what led to the dawn of an Information Age that arose from the office parks of Silicon Valley. And that is why countries like China, India and Brazil are growing so rapidly - because in fits and starts, they are moving towards the market-based principles that the United States and the United Kingdom have always embraced. In other words, we live in a global economy that is largely of our own making. And today, the competition for the best jobs and industries favours countries that are free-thinking and forward-looking, countries with the most creative, innovative, entrepreneurial citizens. That gives nations like the United States and the United Kingdom an inherent advantage. From Newton and Darwin to Edison and Einstein, from Alan Turing to Steve Jobs, we have led the world in our commitment to science and cutting-edge research, the discovery of new medicines and technologies. We educate our citizens and trai...
US President Barack Obama state visit: Day 2: Speech at Westminster; Barack Obama speech SOT - This doesn't mean we can afford to stand still. The nature of our leadership will need to change with the times. As I said the first time I came to London as President, the days are gone when Roosevelt and Churchill could sit in a room and solve the world's problems over a glass of brandy though I'm sure Prime Minister Cameron would agree that some days we could both use a stiff drink. In this century, our joint leadership will require building new partnerships, adapting to new circumstances, and remaking ourselves to meet the demands of a new era. That begins with our economic leadership. Adam Smith's central insight remains true today: there is no greater generator of wealth and innovation than a system of free enterprise that unleashes the full potential of individual men and women. CUTAWAY George Osborne MP (Chancellor of the Exchequer) seated behind Hague - That is what led to the Industrial Revolution that began in the factories of Manchester. That is what led to the dawn of an Information Age that arose from the office parks of Silicon Valley. And that is why countries like China, India and Brazil are growing so rapidly - because in fits and starts, they are moving towards the market-based principles that the United States and the United Kingdom have always embraced. In other words, we live in a global economy that is largely of our own making. And today, the competition for the best jobs and industries favours countries that are free-thinking and forward-looking, countries with the most creative, innovative, entrepreneurial citizens. That gives nations like the United States and the United Kingdom an inherent advantage. From Newton and Darwin to Edison and Einstein, from Alan Turing to Steve Jobs, we have led the world in our commitment to science and cutting-edge research, the discovery of new medicines and technologies. We educate our citizens and trai...
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ITN
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May 25, 2011
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