President Obama Takes Aim at Trade Deficit
“Designed to deliver on a pledge he made in his State of the Union speech, Obama’s plan includes $2 billion in new export financing through the Export-Import Bank, which helps U.S. companies finance overseas sales; establishment of a Cabinet group to promote U.S. goods and services abroad; and an expanded role for the Nixon-era President’s Export Council … If successful, the president said, the program would create 2 million jobs. Experts said the viability of that figure would depend on the type of exports that are expanded.” (Washington Post, Friday)
I think we’ve heard this one before.
FEE Timely Classic:
“A Deficit of Understanding” by Donald Boudreaux
