Output last year topped $1.84 trillion, 8% higher than the pre-recession peak

Discussion in 'Economy' started by rdean, May 23, 2012.

  1. rdean
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    rdean rddean

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    Surprise! American Manufacturing is Rebounding |

    In theory, the trade part should be easier. Exports have surged in the past two years. In fact, they are on track to meet President Obama’s goal of doubling in five years, something that was dismissed in 2010 as political happy talk.

    Making matters worse, some fiscal conservatives have tried to kill the Export-Import Bank of the United States, a heretofore non-controversial finance agency that facilitates exports. Its future was held in doubt for months as a May 31 deadline approached, prompting some foreign companies to wonder whether they should commit to buying American and risk losing their financing. Export-Import’s reauthorization finally passed out of Congress on Tuesday.

    On the education front, solutions include more support for community colleges, vocational schools and public-private partnerships for on-the-job training.

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    This is why we need to support education and infrastructure. Hear that Republicans. You can't have it both ways. Refusing to support education and the rebuilding of America and then asking "where are the jobs"?
     
  2. Leweman
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    Leweman Gold Member

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    So more a competitive wage scale is helping spurn this growth aye? Unions must be pissed.
     
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  3. likeabird03
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    likeabird03 Active Member

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    Exports are increasing, this is a very positive thing. Unfortunately imports are growing faster - as illustrated by our trade deficit that has DOUBLED since obama took office.

    Doubling exports isn't doing us much good if we're tripling imports.
     
  4. rdean
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    rdean rddean

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    Prosperity though lower wages?
     
  5. Mr. H.
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    Mr. H. Diamond Member

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    Would those surging export figures include the refined motor fuels that libwhacks are belly achin' about?
     
  6. Mr. H.
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    Mr. H. Diamond Member

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    rdean, since this is your thread- could you quantify the contribution of refined motor fuels exports as they pertain to your previously mentioned "surge"?

    Links would be appreciated.

    And what contribution does this make to Obama's goal of doubling exports?

    Please inlude the recent runup in domestic gasoline prices.

    Thanking you in advance.
     
  7. rdean
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    rdean rddean

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    What are you asking for? A link that shows the number one export in the US is gasoline? Everyone already knows that. It's called the "Free Market".
     
  8. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    an interesting and useless factoid when as Krugman says, we are
    in a depression!!!
     
  9. Mr. H.
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    Mr. H. Diamond Member

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    I was quite clear with my request. If you want to brag on the increase in exports under Obama then I'd like to see you brag about the success of the U.S. oil industry's contribution.
     
  10. Mr. H.
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    Mr. H. Diamond Member

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    [ame=http://www.youtube.com/watch?v=VBuP2bigS0U]Vapor Lock (Part 1) - An Introduction - YouTube[/ame]
     

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