Posts Tagged 'Euro'

Obama’s Most Important Sentence

Obama’s Most Important Sentence

As an American exporter, I have pretty much given up on relying on President Barack Obama to carry through on his promises to spur American trade. He promised to double exports by 2015, but that promise is languishing.

In fact, the Economic Policy Institute notes that “while the U.S. trade deficit in petroleum goods declined $34.8 billion (10.7 percent), the U.S. trade deficit in non-petroleum goods increased $35.3 billion (8.8 percent). Growing goods trade deficits have eliminated millions of U.S. ...

Finish Reading →
0

US Trade Tide Moving in the Wrong Direction

US Trade Tide Moving in the Wrong Direction

Once again, rhetoric from the Obama administration has trumped action.

President Barack Obama’s pledge to double exports in five years is off to a rocky start. Tax relief and support for U.S. exporters has failed to materialize. The result is the U.S. trade imbalance continues to grow.

The U.S. trade deficit in goods and services increased to $558 billion in 2011 from $500 billion in 2010. That’s up 11.6 percent from 2010 as imports continue to rise much faster than exports.

As a ...

Finish Reading →
0