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Is Double the Exports enough?

(Reuters) – The United States is on track to double its exports within five years, President Barack Obama said on Wednesday, as he fills out a high-powered private sector council to help reach that goal.

"At a time when jobs are in short supply, building exports is an imperative. But this isn't just about where jobs are today. This is where American jobs will be tomorrow," Obama said in remarks prepared for delivery in a progress report on the ambitious export target he announced in January.

U.S. growth has returned after a severe recession but hopes for an enduring upturn -- and a lift to hiring that pulls back U.S. unemployment from levels near 10 percent -- will depend in large part on the strength of its sales abroad.

How far are we behind the leaders in exporting?


Asked by sweet-a-kins at 12:39 PM on Jul. 7, 2010 in Politics & Current Events

Level 34 (67,502 Credits)
This question is closed.
Answers (9)
  • Ok, write it down, I do agree with the president on something. We do need to increase exports.

    that having been said... I need to research more to see if his numbers include any political extra-funny-special-make-me-look-really-good math.


    Answer by lovinangels at 12:53 PM on Jul. 7, 2010

  • LOLOLOLOL I don't care what Obama SAYS. Not that it would matter because that isn't going to save America but why does anything he says mean anything? There is no way I could believe what he says. Especially with our country going down the tubes like it is.

    Answer by itsmesteph11 at 2:27 PM on Jul. 7, 2010

  • What do we have to export, seriously? We aren't MAKING anything these days TO export! All we seem to do is send the jobs overseas, then buy back/import stuff that is made in China, Taiwan, India, Hong Kong, Korea, the Phillipines, etc. So, how can we really get ahead by doubling our exports, when we export jobs?

    Answer by 29again at 12:48 PM on Jul. 7, 2010

  • So far it's all talk. If it works, it would be great.

    Answer by mancosmomma at 2:09 PM on Jul. 7, 2010

  • Hmm, he has made a lot of statements that never panned out.

    Answer by Carpy at 6:54 PM on Jul. 7, 2010

  • sweet-a-kins

    Comment by sweet-a-kins (original poster) at 12:39 PM on Jul. 7, 2010

  • The White House Council of Economic Advisers estimates rising U.S. exports have added more than 1 percentage point to U.S. growth in the last nine months, making a more significant contribution to the recovery than domestic spending.

    The administration says it has run 18 trade missions to lift U.S. sales overseas, doubled loans to support exports and fought for fair trade at the World Trade Organization.

    "As a result of these policies, and a global economic rebound, exports in the first four months of 2010 grew almost 17 percent from the same period last year," the White House said in its progress report on Obama's export push.

    "This puts the U.S. on track to reach the president's goal of doubling exports and supporting several million new jobs over five years." Obama announced the target in his State of the Union address in January.

    Comment by sweet-a-kins (original poster) at 12:50 PM on Jul. 7, 2010

  • At the same time, doubt over the pace of Europe's recovery has focused U.S. attention on tapping into demand from China and other rising economic powers.

    Obama announced a timeline to complete a free trade deal with South Korea at a Group of 20 meeting in Toronto in late June, while maintaining pressure on China to let its currency rise, which Washington hopes will aid U.S. exports.

    The White House says a South Korean trade deal, which needs approval from Congress, where it still faces opposition, would increase exports by an estimated $10 billion to $11 billion and support an estimated 70,000 jobs.

    Comment by sweet-a-kins (original poster) at 12:51 PM on Jul. 7, 2010

  • I would love to see the U.S. export more. We have plenty of grain, corn etc. Ha, we can export all our HCFS for starters. Americans are fed up with it anyway. ;^ )

    Answer by parrishsky at 7:28 PM on Jul. 7, 2010