Gov. Bev Perdue says the time and energy she placed into a trade mission to Asia will be well worth it.

The governor and commerce secretary spent two weeks in Japan and China to drum up new business for the state.

According to the North Carolina Commerce Department, China is the state’s second largest trading partner importing $1.9 billion in North Carolina goods.

Japan is fourth, importing $1.7 billion in products.

But Japan has a far greater imprint in the state with 150 Japanese-owned companies employing 18,000 people as compared with a dozen Chinese companies employing 2,500 North Carolinians.

This trade mission was also about opening the gateway to China to start developing partnerships that may one day create more jobs.

“My goal is for North Carolina to be a global player and this is one of the ways to make it happen,” said Perdue.

First stop: Tokyo to meet with established business partners that former Gov. Jim Hunt developed over the past twenty years.

“It was called aftercare. They liked the fact that a current governor would come and check on them and thank them for their business in North Carolina,” said Perdue.

Next stop: Beijing to forge new ground with a country that has one of the fastest growing economies.

“This is our first dip in the waters. I think its time and energy invested that’s well worth it for people in North Carolina. Jobs here, jobs there,” said Perdue.

But not everyone agreed with the state spending more than $80,000 on a recruitment mission.

Civitas polled 600 likely voters Oct. 20 and 21 and the survey found 71.8 percent disapproved of spending money on the trade mission.

The state did use $90,000 in private funds to supplement the trip.

So we asked Gov. Perdue if the trade mission worth the price.

“It would’ve been ridiculous for us not to do it. The long term relationship with our number 2 trading partner (China) is limitless,” said Perdue.

In Research Triangle Park, The Hamner Institutes for Health Sciences supported the trip and ran two biosciences business seminars for the state in Beijing and Shanghai.

“The governor being there was extremely important. It sent a message to Chinese bioscience companies about North Carolina’s commitment. It’s a great opportunity for the state,” said Dr. Bill Greenlee, The Institutes’ Chief Executive Officer.

“We see this as very critical part in the continuum from technology creation to technology commercialization,” Greenlee added.

Although the ultimate payoff may take a decade, the governor hopes for a real deal soon.

“One business I spoke with I think will announce some kind of North Carolina investment sometime mid-year 2010, maybe before that,” said Perdue.

“Success overtime will be in reverse investment. Companies like Lenovo and Honda Jet are two examples from Asia,” said Deputy Secretary of Commerce Dale Carroll. “They’ll continue to grow their presence here and allow us to attract other companies in various sectors of the economy.”

RALEIGH, N.C.- Gov. Beverly Perdue is returning to North Carolina after a nearly two-week trade and cultural mission to China and Japan.

Perdue’s office has said she would arrive in the state Tuesday night after leaving from Shanghai. The trip also included visits to Tokyo and Beijing and focused largely on building relationships with two of the state’s top four trading partners.

The governor told reporters last week by phone she saw her first overseas trade trip as one focused on building a long-term relationship with Chinese firms and expand already fruitful ties in Japan.

Perdue leaves behind a contingent of about 20 North Carolina residents – including several legislators – visiting China on a separate trip paid by outside groups. They will return this weekend.

RALEIGH, N.C. – A new poll released today by the Civitas Institute that shows nearly three-fourths of voters disapprove of Gov. Bev Perdue’s journey to Japan and China.

Perdue returns from her trade mission today.

The live caller poll of 600 likely 2010 voters were asked if they approved or disapproved of Gov. Perdue spending $80,000 to go on a trade mission to Japan and China.

A majority of voters,71.8 percent of them, said they disapproved of Perdue’s trip. Only 20.7 percent of voters approved and 7.5 percent said they were unsure.

“While Perdue said this trip was about recruiting jobs, all the polled voters see is another wasteful expenditure of their tax dollars,” said Civitas Institute Executive Director Francis De Luca. “Perdue will need to show some tangible results of the trip in order for the public to think it was worthwhile.”

The trip was disliked even by a majority of Perdue’s supporters; with 53.8 percent of them who said they had a favorable opinion of the Governor also said they disapproved of the spending of money on the trade mission.

“When your own base of supporters think it was a bad idea, it’s pretty clear that her trip was not well received,” added De Luca.

Full results of the poll will be revealed at the Civitas Institute’s monthly poll luncheon on Thursday, Oct. 29 at the Clarion Hotel in downtown Raleigh.

Full text of question: Now I am going to read you a list of issues affecting North Carolina, would you please tell me if you approve or disapprove of each of the following?

“Governor Bev Perdue spending $80,000 to go on a trade mission to Japan and China?”
APPROVE – 20.7%
Strongly Approve – 9.2%
Somewhat Approve – 11.5%
DISAPPROVE – 71.8%
Somewhat Disapprove – 13.8%
Strongly Disapprove – 58.0%
DON’T KNOW – 7.5%

This poll of 600 likely general election voters in North Carolina was conducted October 20-21, 2009 by McLaughlin and Associates of Alexandria, Virginia. All interviews were conducted via telephone by professional interviewers. Interview selection was random within predetermined geographic units. These units were structured to correlate with actual voter distributions in a statewide general election. The poll of 600 likely general election voters has an accuracy of +/- 4.0% at a 95% confidence interval.

CHICAGO – Nearing completion of his Cabinet, Barack Obama has selected California Rep. Hilda Solis as his labor secretary and former Dallas mayor Ron Kirk as U.S. trade representative, officials said Thursday.

The president-elect planned to formally announce the Solis and Kirk selections soon, perhaps as early as Friday, along with that of Republican Rep. Ray LaHood of Illinois for transportation secretary.

On Thursday, Obama named three veteran regulators to help clean up financial debacles. Amid a year-old recession that’s still deepening, Obama blamed much of the nation’s economic troubles on government regulators who “dropped the ball,” and he called for a return to ethics and tough enforcement.

The officials who disclosed the Solis and Kirk selections spoke on the condition of anonymity because they were not authorized to discuss selections that had not yet been announced.

Solis, a Democratic congresswoman who is the daughter of Mexican and Nicaraguan immigrants, has focused on immigration and environment issues while in the House. Kirk, a partner in the Dallas office of the Houston-based powerhouse law and lobbying firm Vinson & Elkins, was the first black to be elected Dallas mayor.

Obama is trying to get most of his major appointments out of the way before heading to Hawaii for a holiday vacation, and has held a news conference each day this week to unveil top positions. He has yet to announce senior intelligence positions, and numerous sub-Cabinet posts remain unfilled.

Standing before reporters on Thursday, Obama named Securities and Exchange Commission veteran Mary Schapiro as chairwoman of that agency, former Treasury official Gary Gensler to head the Commodity Futures Trading Commission, and law professor Daniel Tarullo to fill an empty Federal Reserve seat. All three will need to be confirmed by the Senate next year.
 
In making the announcements, Obama pointed to Wall Street money manager Bernard Madoff, under investigation in an alleged $50 billion fraud, and said the scandal underscored the need for tougher regulators. The scandal “has reminded us yet again of how badly reform is needed,” he said.

The president-elect said his new team will help put in place new rules that will help “crack down on the culture of greed and scheming.”

“There needs to be a shift in ethics on Wall Street,” he said.

As Obama spoke in Chicago, the White House said it is considering “orderly” bankruptcy as a way of dealing with the desperately ailing U.S. auto industry. President George W. Bush, asked about an auto rescue plan during an appearance before a private group, said he hadn’t decided what he would do but also spoke of the idea of bankruptcies organized by the federal government as a possible way to go.

Obama did not immediately comment on the idea.

But he wouldn’t weigh in on whether he would support a decision by Treasury Secretary Henry Paulson to tap the second $350 billion installment of the $700 billion financial bailout program. Major auto companies are pleading for emergency aid, which could come from that pot.

“I think it’s important that the Treasury, the Fed and all of us do whatever’s required to make sure that our financial system is stable and secure,” Obama said. But he added: “We cannot afford a collapse of our financial system. Main Street can’t afford it.” He said he would evaluate any Paulson signals about what is necessary.

More broadly, Obama blamed regulators for the financial debacle, saying that they, along with congressional committees, “have been asleep at the switch.”

Americans, as they watch their investments tank, are frustrated that “there’s not a lot of adult supervision out there,” Obama added.

Schapiro, who would be Obama’s top Wall Street regulator and investor protector, said that investor trust “is the lifeblood of financial markets.” She called for tough enforcement action by incoming regulators.

If confirmed by the Senate:
      -Schapiro, who served as an SEC commissioner in Republican and Democratic administrations and is currently the head of the Financial Industry Regulatory Authority, would take over an agency that faces growing criticism for its failure to protect investors and detect trouble brewing on Wall Street.

As the scandal involving Madoff continues to stun the financial world, revelations have surfaced that staff at the SEC repeatedly failed over the course of a decade to fully investigate credible allegations against him. SEC Chairman Christopher Cox on Tuesday ordered the agency’s inspector general to investigate what went wrong.
      -Gensler, a former Treasury official in the Clinton administration, would lead the Commodity Futures Trading Commission, which is an independent agency created by Congress to regulate trading in the commodity futures and option markets.
      -Tarullo, a Georgetown law professor who also worked for President Bill Clinton, would fill an open seat on the Federal Reserve board in Washington.
 
All the present Fed board members, including chairman Ben Bernanke, were picked by Bush. Tarullo would fill one of two vacant seats on the seven-member board. A third seat also will become available.

A look at where Democrat Barack Obama and Republican John McCain stand on a selection of issues:

ABORTION

McCain: Opposes abortion rights. Has voted for abortion restrictions permissible under Roe v. Wade, and now says he would seek to overturn that guarantee of abortion rights. Would not seek constitutional amendment to ban abortion.
Obama: Favors abortion rights.

AFGHANISTAN

McCain: Favors unspecified boost in U.S. forces.
Obama: Would add about 7,000 troops to the U.S. force of 36,000, bringing the reinforcements from Iraq. Has threatened unilateral attack on high-value terrorist targets in Pakistan as they become exposed, “if Pakistan cannot or will not act” against them.

CAMPAIGN FINANCE

McCain: The co-author of McCain-Feingold campaign finance law is running his general campaign with public money and within its spending limits. He urged Obama to do the same. He applied for federal matching funds for primaries but later turned them down so he could spend more than the limits. The Federal Election Commission belatedly approved his decision to bypass the primary funds, but rejected McCain’s claim that he needed no such approval.

He raised more than $160 million before having to stop to accept the $84 million in public money for the fall. McCain accepted primary campaign contributions from lobbyists.
Obama: The presidential campaign’s fundraising champion has brought in more than $450 million. He is raising private money for his general election, despite his proposal last year to accept public financing and its spending limits if the Republican nominee does, too. Obama refuses to accept money from federal lobbyists and has instructed the Democratic National Committee to do the same for its joint victory fund, an account that would benefit the nominee. Obama does accept money from state lobbyists and from family members of federal lobbyists.
CUBA

McCain: Ease restrictions on Cuba once U.S. is “confident thatthe transition to a free and open democracy is being made.”
Obama: Ease restrictions on family-related travel and on money Cuban-Americans want to send to their families in Cuba. Open to meeting new Cuban leader Raul Castro without preconditions. Ease trade embargo if Havana “begins opening Cuba to meaningful democratic change.”

DEATH PENALTY

McCain: Has supported expansion of the federal death penalty and limits on appeals.
Obama: Supports death penalty for crimes for which the “community is justified in expressing the full measure of its outrage.” As Illinois lawmaker, wrote bill mandating videotaping of interrogations and confessions in capital cases and sought other changes in system that had produced wrongful convictions.

EDUCATION

McCain: He is not proposing a federal voucher program that would provide public money for private school tuition, in contrast to his proposed $5 billion voucher plan in 2000. Only proposes expansion of District of Columbia’s voucher program. Sees No Child Left Behind law as vehicle for increasing opportunities for parents to choose schools. Proposes more money for community college education. 
Obama: An $18 billion plan that would encourage, but not mandate, universal pre-kindergarten. Teacher pay raises tied to, although not based solely on, test scores. An overhaul of No Child Left Behind law to better measure student progress, make room for non-core subjects like music and art and be less punitive toward failing schools. A tax credit to pay up to $4,000 of college costs for students who perform 100 hours of community service a year. Obama would pay for part of his plan by ending corporate tax deductions for CEO pay. Has backed away from his proposal to save money by delaying NASA’s moon and Mars missions.

ENERGY
McCain: Favors increased offshore drilling and federal money to help build 45 nuclear power reactors by 2030. Opposes drilling in Arctic National Wildlife Refuge. Proposed suspending the 18-cent a gallon federal gasoline tax but idea got no traction. Global warming plan would increase energy costs.
Obama: Now would consider limited increase in offshore drilling. Opposes drilling in Arctic reserve. Proposes windfall-profits tax on largest oil companies to pay for energy rebate of up to $1,000. Opposed suspension of the gas tax. Proposed releasing 70 million barrels of oil from Strategic Petroleum Reserve to boost supplies. Global warming plan would increase energy costs.

GAY MARRIAGE

McCain: Opposes constitutional amendment to ban it. Says same-sex couples should be allowed to enter into legal agreements for insurance and similar benefits, and states should decide about marriage. Supports the federal Defense of Marriage Act, which denies federal recognition of same-sex marriages and gives states the right to refuse to recognize such marriages.
Obama: Opposes constitutional amendment to ban it. Supports civil unions, says states should decide about marriage. Switched positions in 2004 and now supports repeal of Defense of Marriage Act, which denies federal recognition of same-sex marriages and gives states the right to refuse to recognize such marriages.

GLOBAL WARMING

McCain: Broke with President Bush on global warming. Led Senate effort to cap greenhouse gas emissions. Favors plan that would see greenhouse gas emissions cut by 66 percent by 2050.
Obama: Ten-year, $150 billion program to produce “climate friendly” energy supplies that he’d pay for with a carbon auction requiring businesses to bid competitively for the right to pollute and aimed at cutting greenhouse gas emissions 80 percent by 2050. Joined McCain in sponsoring earlier legislation that would set mandatory caps on greenhouse gas emissions. Increase federal fuel economy requirements beyond 35 mpg.

GUN CONTROL

McCain: Voted against ban on assault-type weapons but in favor of requiring background checks at gun shows. Voted to shield gun-makers and dealers from civil suits. “I believe the Second Amendment ought to be preserved – which means no gun control.”
Obama: Voted to leave gun-makers and dealers open to suit. Also, as Illinois state lawmaker, supported ban on all forms of semiautomatic weapons and tighter state restrictions generally on firearms.

HEALTH CARE

McCain: $2,500 refundable tax credit for individuals, $5,000 for families, to make health insurance more affordable. No mandate for universal coverage. In gaining the tax credit, workers could not deduct the portion of their workplace health insurance paid by their employers.
Obama: Mandatory coverage for children, no mandate for adults. Aim for universal coverage by requiring employers to share costs of insuring workers and by offering coverage similar to that in plan for federal employees. Says package would cost up to $65 billion a year after unspecified savings from making system more efficient. Raise taxes on wealthier families to pay the cost.

HOUSING
McCain: Open to helping homeowners facing foreclosure if they are “legitimate borrowers” and not speculators.
Obama: Tax credit covering 10 percent of annual mortgage-interest payments for “struggling homeowners,” scoring system for consumers to compare mortgages, a fund for mortgage-fraud victims, new penalties for mortgage fraud, aid to state and local governments stung by housing crisis, in $20 billion plan geared to “responsible homeowners.”

IMMIGRATION
McCain: Sponsored 2006 bill that would have allowed illegal immigrants to stay in the U.S., work and apply to become legal residents after learning English, paying fines and back taxes and clearing a background check. Now says he would secure the border first. Supports border fence.
Obama: Voted for 2006 bill offering legal status to illegal immigrants subject to conditions, including English proficiency and payment of back taxes and fines. Voted for border fence.

IRAN

McCain: Favors tougher sanctions, opposes direct high-level talks with President Mahmoud Ahmadinejad.
Obama: Initially said he would meet Ahmadinejad without preconditions, now says he’s not sure “Ahmadinejad is the right person to meet with right now.” But says direct diplomacy with Iranian leaders would give U.S. more credibility to press for tougher international sanctions. Says he would intensify diplomatic pressure on Tehran before Israel feels the need to take unilateral military action against Iranian nuclear facilities.

IRAQ

McCain: Opposes scheduling a troop withdrawal, saying latest strategy is succeeding. Supported decision to go to war, but was early critic of the manner in which administration prosecuted it. Was key backer of the troop increase. Willing to have permanent U.S. peacekeeping forces in Iraq.
Obama: Spoke against war at start, opposed troop increase. Voted against one major military spending bill in May 2007; otherwise voted in favor of money to support the war. Says his plan would complete withdrawal of combat troops in 16 months. Initially had said a timetable for completing withdrawal would be irresponsible without knowing what facts he’d face in office.

SOCIAL SECURITY

McCain: “Nothing’s off the table” when it comes to saving Social Security.
Obama: Would raise payroll tax on wealthiest by applying it to portion of income over $250,000. Now, payroll tax is applied to income up to $102,000. Rules out raising the retirement age for benefits.

STEM CELL RESEARCH

McCain: Supports relaxing federal restrictions on financing of embryonic stem cell research.

Obama: Supports relaxing federal restrictions on financing of embryonic stem cell research.

TAXES

McCain: Pledged not to raise taxes, then equivocated, saying nothing can be ruled out in negotiating compromises to keep Social Security solvent. Twice opposed Bush’s tax cuts, at first because he said they were tilted to the wealthiest and again because of the unknown costs of Iraq war. Now says those tax cuts, expiring in 2010, should be permanent. Proposes cutting corporate tax rate to 25 percent. Promises balance budget in first term, says that is unlikely in his first year.
Obama: Raise income taxes on wealthiest and their capital gains and dividends taxes. Raise corporate taxes. $80 billion in tax breaks mainly for poor workers and elderly, including tripling Earned Income Tax Credit for minimum-wage workers and higher credit for larger families. Eliminate tax-filing requirement for older workers making under $50,000. A mortgage-interest credit could be used by lower-income homeowners who do not take the mortgage-interest deduction because they do not itemize their taxes.

TRADE
McCain: Free trade advocate.
Obama: Seek to reopen North American Free Trade Agreement to strengthen enforcement of labor and environmental standards. In 2004 Senate campaign, called for “enforcing existing trade agreements,” not amending them.