a distorting effect on the global economy. The president has made a

18 a distorting effect on the global economy. The president has made a few cautious statements on China's human rights record but came under criticism for delaying a White House meeting with the Dalai Lama. This year, the administration confirmed a $5.8 billion package of arms sales for Taiwan that provoked a predictable Chinese backlash. Foreign aid: In his 2010 address to the U.N. General Assembly, Obama announced an overhaul of U.S. foreign aid policies, which he vowed will place them at the center of U.S. foreign policy. In the speech he called aid a "core pillar of American power." Nonetheless, foreign aid to a number of countries was cut by Congress in the 2012 budget. Iran/nukes: Early in his presidency, Obama made several overtures to Iran in an effort to improve relations. Critics say this engagement strategy went too far during the 2009 Green Movement uprising against the reelection of President Mahmoud Ahmadinejad, when the Obama administration was reluctant to overtly back the protesters. Since then, the administration has instituted a number of new sanctions against Iran that are aimed at halting its nuclear enrichment program. "We are not taking any options off the table. Iran with nuclear weapons would pose a threat not only to the region but also to the United States," Obama said in a recent news conference in Hawaii. Trade: In October, Obama signed long-delayed free trade agreements with Colombia, Panama, and South Korea. On his trip to Asia this November, Obama is working to promote a new trans-Pacific free trade agreement. "We're not going to be able to put our folks back to work and grow our economy and expand opportunity unless the Asia- HOUSE_OVERSIGHT_031958