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August 2014 Export Data Released – No Joy for Those Waiting for The Doubling August 6, 2014

Posted by geoff in News.
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The Bureau of Economic Analysis released import/export data for June today. Doubling exports within 5 years was a key pillar of President Obama’s economic recovery plan, so if he actually cared, it would be disheartening to see this data:

ExportsRealityvsObamaAugl2014

After the failures of all of the component parts of the President’s economic recovery strategy, it’s really galling to see him crowing about the weak stirrings of the economy 4 years after the “Recovery Summer.”

It turns out that his real strategy was to wait until the economy got better.

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