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Bold Talk, Bad Results: The Obama Administration’s Record on Exports
Posted by
Press Office
on
August 11, 2010
In the President’s remarks earlier today on the Miscellaneous Tariffs Bill (which has been re-dubbed “The Manufacturing Enhancement Act” in order to pretend it’s more than a routine reauthorization of … well, miscellaneous tariff provisions) he repeated the pledge he made in his State of the Union address to double American exports in five years. But seven months after the President set that goal, the United States' exports are actually losing ground, Reuters reported today:
Why is the President failing to make progress in boosting American exports? Maybe because he’s not actually doing anything to boost American exports. If he were serious about reaching his goal, he could ask Democratic Leaders in Congress to pass the Colombian Free Trade Agreement. Or the Panama Free Trade Agreement. Or the South Korea Free Trade Agreement (which would boost our exports to the 10th-largest economy in the world). As President Obama ignores these opportunities, other countries are taking advantage – at America’s expense. According to “America Falling Behind” – an analysis by Ways and Means Trade Subcommittee Republicans – after the European Union approved a trade agreement with South Korea, U.S. meat exports to that country fell by 62 percent. Dairy exports are down 57 percent. And since Canada signed a trade deal with Colombia, American wheat exports to that country are down nearly 40 percent. It’s easy to talk boldly, but to tread boldly and actually boost American exports the President will need to work with both parties to pass trade agreements that will put Americans back to work. We’re still waiting.
The opinions expressed below are those of their respective authors and do not necessarily represent those of this office.
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