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Doubling US Exports

"Doubling U.S. Exports" Not a Sufficient Jobs Policy: Not Even Close

Leo Hindery, Jr. | Posted 05.25.2011 | Business
Leo Hindery, Jr.

Last Friday, President Obama said, "Make no mistake, we are headed in the right direction [even as] we continue to fight headwinds from volatile global markets." In fact, we're not even close to making sufficient progress in reemploying America, and those "headwinds" are actually powerful turbines pointed in our faces by China and Mexico (and India). I can only hope that the depressing trade and real unemployment numbers will wake up Obama and his economic team to the reality that if they want to reach their export and trade goals and materially reduce U.S. unemployment, they need to materially change course.