Obama to announce significant uptick in U.S. exports

[jpak]

http://edition.cnn.com/2010/POLITICS/07/07/obama.exports/

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 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.

For example, the statement said, the United States has reached agreements in recent months to reopen exports of pork to China and poultry to Russia.

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[saigon68]

1. Its Cigarettes for China

Something like 80% of chinese men smoke

Apparently Marlboro is the favorite weed there.

[berni_mccoy]

2. Marlboro cigarrettes are made in China, at least for Chinese smokers

They cut a deal during the Bush Administration.

[saigon68]

6. Where does the "Leaf" come from?

The one thing I noticed about asian cigarettes (when I as there and I smoked) is they tasted like aged DOG SHIT.

[berni_mccoy]

7. Well, that is a good question.

[babylonsister]

3. And pork, and poultry, not just cigs. nt

[unhappycamper]

4. We know India isn't buying any of those super dooper $243 million dollar F-35s.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x8703629

[berni_mccoy]

5. This has to do with China relaxing its currency manipulation, something the Obama Administration

got them to agree to. This will have a large impact on the U.S. Economy, larger than any stimulus could provide. This was a major coup for the Obama administration to get China to agree to. In the long run, it helps both countries. If China didn't do this, Americans would soon be too poor to afford even Chinese made goods.

[jpak]

8. yup!

:thumbsup:

[Dawgs]

9. I think I heard him once say that a '1% increase in exports could create 100s of thousands of jobs'.

It would obviously have a big impact on GDP.

[MineralMan]

10. That's very good news. Any increase in exports is good news.

[OnionPatch]

11. Oh, I was thinking it was our jobs.

Seems like that's the biggest thing we export these days.