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Old 02-20-2011, 10:43 AM
 
Location: Tennessee/Michigan
28,197 posts, read 47,592,879 times
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Just over a year ago in his State of the Union Address, President Obama pledged to create 2 million jobs by doubling exports by 2015.

U.S. Commerce Secretary Gary Locke – along with the President’s Export Council – has been tasked with making this goal a reality. “Last year we grew exports at 17 percent,” Locke tells Dan and Aaron in the accompanying video. “As long as we increase exports about 14 percent per year…we will reach the President’s goal.”

free trade agreements good for us jobs us commerce sec says world is hungry for goods made in usa: Tech Ticker, Yahoo! Finance
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Old 02-20-2011, 11:33 AM
 
Location: it depends
6,074 posts, read 5,330,925 times
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Let's hope the President is finally going to live up to his lofty words about the trade agreements. Free trade lets us get more for everything we produce, and pay less for everything we consume. Our country, and the world, are richer as a result. But if Obama continues to be Big Labor's lapdog, we'll all be poorer.
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Old 02-20-2011, 11:35 AM
 
Location: Raleigh, NC
20,017 posts, read 15,718,639 times
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Less stuff for Americans! Yippee! Another Peter Schiff prediction that turned out to be correct.

Still, it's good for workers here. The productive capacity may partially offset the loss of stuff.
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Old 02-20-2011, 11:37 AM
 
Location: Great State of Texas
86,093 posts, read 72,460,873 times
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Yes the world is HUNGRY...for corn and wheat and oats.
Our strength in exports are the raw commodities.
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Old 02-20-2011, 11:40 AM
 
1,011 posts, read 876,677 times
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The US doesn't make a damn thing anymore. We've got some good barbers and chefs and we trade houses and chinese stocks to each other for a living. What the heck is Locke talking about?

The new piece of bay bridge in SF was made in China (crappily and overbudget, but surely)

Seen our trade deficits against pretty much any country lately?
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Old 02-20-2011, 11:41 AM
 
Location: Raleigh, NC
20,017 posts, read 15,718,639 times
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Quote:
Originally Posted by HappyTexan View Post
Yes the world is HUNGRY...for corn and wheat and oats.
Our strength in exports are the raw commodities.
Wait and see what happens when that food gets shipped off instead of being part of a poor family's EBT subsidized diet.
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Old 02-20-2011, 11:45 AM
 
Location: Great State of Texas
86,093 posts, read 72,460,873 times
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Quote:
Originally Posted by wellyouknow View Post
The US doesn't make a damn thing anymore. We've got some good barbers and chefs and we trade houses and chinese stocks to each other for a living. What the heck is Locke talking about?

The new piece of bay bridge in SF was made in China (crappily and overbudget, but surely)

Seen our trade deficits against pretty much any country lately?
And he just got back from a trip to India with 24 business leaders promoting "US High Tech".

More offices opening up in Bangalore with US icons on them perhaps ?

U.S. Commerce Secretary Locke, India Commerce and Industry Mininister Sharma Discuss U.S.-India Trade Relationship | Department of Commerce

Bangalore..high tech center to many US corporations.
http://en.wikipedia.org/wiki/Economy_of_Bangalore
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Old 02-20-2011, 01:12 PM
 
Location: Southeast
4,296 posts, read 6,270,026 times
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Under Bush, goods export doubled in 6 years, from $696 in 2002 to $1.30 trillion in 2008. So a second goal of doubling in 5 years when we have essentially been there and done that is not all that aggressive.

As for free trade agreements: in 1992 we had a trade deficit of $40 billion, by 2000 it had increased 9 fold to $380 billion (NAFTA - 1993). Apparently we never learn from our mistakes, because every silver lining has its cloud, as is the case with these "free" trade agreements.
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Old 02-20-2011, 03:06 PM
 
12,287 posts, read 15,181,947 times
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The US is actually still the world's leading manufacturer. It doesn't seem that way because few of us buy airplanes, military hardware or heavy equipment. And, as one pointed out, we are the low cost producer for many agricultural goods.
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Old 02-20-2011, 03:17 PM
 
6,316 posts, read 2,686,906 times
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Just out of curiosity, I would like to see, not just the dollar value, but the quantity of goods we export.

I mean, exporting military equipment, planes and big generators etc could ratchet up the dollar value pretty quick.
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