Washington (CNN) – A series of steps aimed at bolstering U.S. exports has so far brought a 17 percent increase in the first four months of 2010 over the same period last year, President Barack Obama will announce Wednesday.
Obama's National Export Initiative, introduced during his State of the Union address in February, seeks to double exports over the next five years.
A White House statement said Obama, in a statement scheduled for later Wednesday, will show that the program is on schedule so far.
The program has made progress on its five main objectives, Obama will say, including the coordination of trade missions in 24 countries; increased loans to help American exporters; breaking down trade barriers; enforcing trade rules, and promoting international economic cooperation.
From CNN Politics
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So basically, we are subsidizing exports – something we have complained to other countries for doing for years.
If we really want to boost our economy and start exporting products, how about we remove the tax incentives we have awarded to American based companies that produce most of their products overseas? Will it raise the price of some products? Yes. Will it put more Americans back to work? It should. Then guess what, all you supply-siders: More people working making stuff here translates to more people who can afford to purchase what is made here. Wouldn't it be wonderful if our children didn't have to hope that their employment options didn't have to mean promotion from the front counter to the friolator or milk shake machines?
Vote out all Republicans this Novemeber and lets get this country moving. We see that the President is doing all he can and making good progress, despite the obstructionist Republicans, whose only motivation is greed and polictial power for themselves. It is obvious that Republicans will not act in the best interest of the country.
If it can increase the manufacturing jobs here, it sounds like it could be for the US. We need more of them.
Not bad for a community organizer.
About the only thing we export, is food. We don't produce anything else, on shore, any more.
Way to go President Obama. Now we need to talk about it every day until we drown out the rights negative rethoric
What are we going to export, more jobs? We don't make anything here. Obama bring our jobs back. Stop outsourcing manufacturing and service jobs. The United States will never survive without a manufacturing base.
china is must open up it s doors to american goods then we might create more jobs....
Here's an idea Barry, export some illegals....
Shouldn't this so-called 17% increase directly equate to more jobs? If 17% is correct, where are the additional jobs that were/are required to make this happen? More exports should correspond to more jobs...no?
While exporting is very good, it's the poorly balanced importing that's killing us.
What? We still manufacture stuff? I thought all we produced were credit default swaps and horrible pop music. Who knew? Have a nice day!