Obama has completely awed his critics and freinds alike during his recent visit to muslim world and Russia.
Some excerpts from Cairo
".......I am honored to be in the timeless city of Cairo, and to be hosted by two remarkable institutions. For over a thousand years, Al-Azhar has stood as a beacon of Islamic learning, and for over a century, Cairo University has been a source of Egypt's advancement. Together, you represent the harmony between tradition and progress. I am grateful for your hospitality, and the hospitality of the people of Egypt. I am also proud to carry with me the goodwill of the American people, and a greeting of peace from Muslim communities in my country: assalaamu alaykum. We meet at a time of tension between the United States and Muslims around the world - tension rooted in historical forces that go beyond any current policy debate. The relationship between Islam and the West includes centuries of co-existence and cooperation, but also conflict and religious wars. More recently, tension has been fed by colonialism that denied rights and opportunities to many Muslims, and a Cold War in which Muslim-majority countries were too often treated as proxies without regard to their own aspirations. Moreover, the sweeping change brought by modernity and globalization led many Muslims to view the West as hostile to the traditions of Islam........."
you can find the full text and video here www.whitehouse.gov/blog/NewBeginning/
Some excerpts from Moscow
To begin with, let me be clear: America wants a strong, peaceful, and prosperous Russia. This belief is rooted in our respect for the Russian people, and a shared history between our nations that goes beyond competition. Despite our past rivalry, our people were allies in the greatest struggle of the last century. Recently, I noted this when I was in Normandy -- for just as men from Boston and Birmingham risked all that they had to storm those beaches and scale those cliffs, Soviet soldiers from places like Kazan and Kiev endured unimaginable hardships to repeal -- to repel an invasion, and turn the tide in the east. As President John Kennedy said, "No nation in history of battle ever suffered more than the Soviet Union in the Second World War." So as we honor this past, we also recognize the future benefit that will come from a strong and vibrant Russia. Think of the issues that will define your lives: security from nuclear weapons and extremism; access to markets and opportunity; health and the environment; an international system that protects sovereignty and human rights, while promoting stability and prosperity. These challenges demand global partnership, and that partnership will be stronger if Russia occupies its rightful place as a great power.
for full text see here http://www.whitehouse.gov/the_press_office/REMARKS-BY-THE-PRESIDENT-AT-THE-NEW-ECONOMIC-SCHOOL-GRADUATION/
IMPACT on Wall Street and US Mortgage Market
Am sure the confidence among people all around the world is going to buoyed by this historic speech given by OBAMA.the other important aspect which we can divulge from OBAMA's recent speeches ...is that he is very clear on his thought process.Instead of following his predecessors who kept on pushing the world towards a nuclear wat ...first with russians and then with Iraq ,here is one presidents who understands the value of co-operations and collabaration .
I think if Obama can pull this off with muslim countries and Russia ,a lot of tax-payers money is gonna spent on poverty eradication and for solving the mortgage crisis .
So we wait and watch as to how Obama leads mortgage industry out of trouble
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