September 16th, 2010
10:48 AM ET

Obama announces report to bolster exports

President Barack Obama kicked off a multi-faceted effort Thursday to bolster U.S. exports, a plan that would create millions of new jobs.

"This is one of my top priorities," Obama said. The plan calls for steps to reach Obama's goal of doubling American exports over the next five years, a vision he announced in his State of the Union address in January.

"The best way we know to compete and win in the global market place is by doing what we do best, harnessing the talents and ingenuity of our people to lead the world in new industries. And we're building an economy where America's businesses and American workers once again do what they do best. Which is build great products and sell them around the world," he said.

The National Export Initiative report to the president was developed by the Export Promotion Cabinet - made up of several Cabinet agencies.


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Filed under: Barack Obama • Economy • Finance • Jobs • Politics
soundoff (18 Responses)
  1. BK Beach 4X4

    details would be appreciated.

    Also by insisting China value their currency higher how does that help the US taxpayer? We are being forced to pay the debts the Obama and Bush administration escalated with a war, and an unknown number of stimulus payments. wouldn't the higher value of China's currency increase the loan payout.

    Also what country would we be selling to? Not even our weaponry tech is selling?

    September 16, 2010 at 10:57 am | Report abuse |
    • Matt

      No, China bought United States Treasury Bonds which are denominated in United States dollars. We repay them in United States Dollars, not Chinese Yuan. If our currency weakens and the Chinese Yuan strengthens, that is good for us because we are paying them back in less valuable currency.
      The U.S. exports all sorts of stuff, food, airplanes, construction and agricultural equipment, Hollywood movies. Lots of computers and other technology such as ipods that are exported all over the world are engineered in the US, so even if they are assembled overseas, most of the money is flowing back to the US.

      September 16, 2010 at 2:53 pm | Report abuse |
    • Wireless.Phil

      Here is what we are selling and to whom.
      They they can reverse-engineer and or sell the stuff to others to be used against us.

      This was in BBC World News Canada

      13 September 2010 Last updated at 13:10 ET

      US to push $60bn Saudi arms sale
      US Black Hawk helicopter Black Hawk helicopters are expected to be part of the deal

      The Obama administration is set to notify the US Congress of a $60bn (ÂŁ39bn) weapons sale to Saudi Arabia, reports quoting US officials say.

      The deal to sell advanced military aircraft to the Saudi kingdom is aimed at shoring up an Arab ally against Iran, the Wall Street Journal reported.

      September 16, 2010 at 3:27 pm | Report abuse |
  2. termlimits

    Speaking of communist china and its slave labor market, Dell is going to add 3000 new jobs in a new factory in the slave labor are of western china. Do something about keeping these jobs at home Obamar and you F-in greedy large corps.!

    September 16, 2010 at 12:11 pm | Report abuse |
    • Matt

      Quit saying "slave labor". The people choose to work in those factories, just like you choose to work wherever you work. Dell is a multinational corporation so they manufacture and sell computers all over the world. Why do you think Americans have a right to these jobs and the chinese do not?

      September 16, 2010 at 3:00 pm | Report abuse |
  3. Masada2

    Obama the socialist is happy the economy is headed to the toilet. The first objective he has is to wreck capitalism. He's doing a fine job up to now. Are you missing Bush yet?

    September 16, 2010 at 12:53 pm | Report abuse |
    • Matt

      Obama must be doing a bad job wrecking the economy because the economy has been growing since Summer 2009. The recession started December 2007 (14 months before Obama took office) and ended June 2009 (about 5 months into Obama's term). I personally do not miss the financial crisis and economic collapse under Bush and like how the stock market is up over 50% under Obama.

      September 16, 2010 at 3:11 pm | Report abuse |
  4. Robert

    and the lies continue to spew from the non citizen's teleprompters--the Regime has not created one meaningful job and has destroyed millions of jobs--and per Joe Bite Me-–8M of those jobs are never ever coming back--–Got to love the summer of recovery-–that will soon be the fall of recovery and then the winter of recovery and and and--–
    I want to continue to thank those who helped put King Louie Obama and the First Gardener, Moochelle Antionette Obama into the WH.

    September 16, 2010 at 1:26 pm | Report abuse |
    • Larry

      Obviously you don't get it. The free market/capitalism is what is putting this countries economy in the toilet. We need to stop all the Corporations from purchasing products from overseas and bringing them back here to sell cheaper than we can build them in the USA. We need to put high import tarrifs on the products coming here. That way it will be cheaper for the Corp to build the product here. DUH This will need to be forced since most Corps are greedy and could care less about the american people. Just how much they can put in there pocket.

      September 16, 2010 at 2:37 pm | Report abuse |
    • Jones

      not a single respected source to support your bile. the NON-PARTISAN CBO says the stimulus prevented 11% unemployment and saved about 3 million jobs. But don't let facts get in the way of your hate.

      September 17, 2010 at 11:33 am | Report abuse |
  5. deli

    Masada2 u F...!!idiot and 100% stupid..i can tell u r uneducated lazy fat fartand u dont even know what u r talking about. go get u r highschool diploma with 4.98GPA and then come back and comment on this tritter.

    September 16, 2010 at 1:57 pm | Report abuse |
  6. deli

    Robert u r racesit and dumb. i will curse u so what out because something extremely bad is gonna happen to u.i work ay rehabilitation for elderly and 99.9% patients that r coming in r all white fat weight 5to800lbs. we dont even have a bed that will fit them u r lazy. clean u r mouth and u r face first before u say something about the president and his wife just because their black u idiot.

    September 16, 2010 at 2:04 pm | Report abuse |
    • Michael in Houston

      Of course he is a racist, aren't all of us who oppose this idiot. Typical democrap ways, pull the race card when "we" are in a bind.. Pathetic to say the least. I hope your children learn better in their generation and live for tomorrow instead of dwelling on 100 years ago. Get off your high horse and leave the race card at home! Obammy is killing this country and people like you support it... Tell me ONE SINGLE thing this moron who YOU call a president has done for the USA? Just one... The proof will be when he is removed during the next election. I have no fear of a lose this time, the people see the mistakes. ONE BIG A$$ MISTAKE AMERICA

      September 16, 2010 at 2:58 pm | Report abuse |
  7. smartdvp

    After all. Obama have done some good things and some bad things. People can say many things about him. But one thing is for shore with Mr Barack Obama. he is not the wors president the United States Of America have had.

    September 16, 2010 at 2:39 pm | Report abuse |
    • Michael in Houston the weeks drag on, I am starting to wonder. In my 37 years, I have never seen such stupid strategy in my life.

      September 16, 2010 at 2:59 pm | Report abuse |
  8. jay

    To Michael In Houston,
    First, Mr. Obama is not a moron. Second, he has done more good for this country in two years than any President in history!! It's obvious that you are either ignorant, racist, or brain washed. You seem so angry, where was the anger when Bush policies caused the worst recession since the Great Depression! Quit hating on Mr. Obama, You are in much better hands than Bush. We know a black Leader has to be 3 times better than a white Leader in your sick mind!

    September 16, 2010 at 3:47 pm | Report abuse |
  9. wilhelmina waine

    THe people who can not see that the Bush policies caused the worst recession since the Great depression are in a coma or blind,deaf and dumb.Glass-Steagel was put in place to prevent another depression. Which worked for 60 yrs untill 3 republican congressman wrote a bill for the wall street corporate financial banks steal our money, and there names and the name of the bill(amendment)were Leach,Biley and/Graham

    September 16, 2010 at 7:00 pm | Report abuse |
  10. juliemarie

    I am really starting to believe Americans simply don't deserve an intelligent President, or Medicare. Too bad for the reasonable ones, but you are becoming a farce, a caricature worldwide with your tea parties, and rednecks, and Christian right-wing. You are not moving ahead but going backwards. A civil war might be on the horizon, and that would be the end of the Great Empire. Ignorance truly is the mother of all evil. And by the way, I am not a Communist, nor Democrat, nor Muslim, just a nice Canadian lady who appreciates having free medical care and who knows Europe is not a country...

    September 16, 2010 at 7:32 pm | Report abuse |