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Obama Stresses Importance of International Alliances


U.S. President Barack Obama called for global unity Saturday, to restore lending, spur job growth, reform financial regulation and fix the economy.

In his weekly address, Mr. Obama also discussed his meetings this week with Chinese President Hu Jintao, Russian President Dmitri Medvedev, and America's NATO allies.

Mr. Obama said that after two days of negotiations, leaders of the G-20 nations had agreed on ways to get banks lending again, and moved to tighten financial regulations.

The U.S. leader said he had agreed with Chinese President Hu to establish a new strategic and economic dialogue. He also said he and Russian President Medvedev had discussed a new treaty to reduce nuclear arsenals.

On the subject of Afghanistan, Mr. Obama said he had asked NATO allies for additional civilian support and assistance in the troubled country.

Mr. Obama said he has been working with other nations to find common ground and strengthen alliances, but he cautioned there is more work to be done.

The president said - in his words - "In the end, we recognize that no corner of the globe can wall itself off from the threats of the 21st century, or from the needs and concerns of fellow nations."

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