<<"We're going to aggressively protect our intellectual property," Obama said. "Our single greatest asset is the innovation and the ingenuity and creativity of the American people...It is essential to our prosperity and it will only become more so in this century. But it's only a competitive advantage if our companies know that someone else can't just steal that idea and duplicate it with cheaper inputs and labor.">>

<<"There's nothing wrong with other people using our technologies, we welcome it," Obama said. "We just want to make sure that it's licensed and that American businesses are getting paid appropriately. That's why the (U.S. Trade Representative) is using the full arsenal of tools available to crack down on practices that blatantly harm our businesses, and that includes negotiating proper protections and enforcing our existing agreements, and moving forward on new agreements, including the proposed Anti-Counterfeiting Trade Agreement (ACTA)">>

http://news.cnet.com/8301-31001_3-20000347-261.html

Or as slashdot put it "In a move sure to surprise no one, Obama has come out on the side of the MPAA/RIAA and has backed the ACTA"
http://politics.slashdot.org/story/10/03/14/1956251/Obama-Backs-MPAA-RIAA-and-ACTA