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Hey Mr. President, Where Are Our Exports? May 29, 2015

Posted by geoff in News.
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So it turns out that the economy shrank last quarter, and everybody’s abuzz about it. They’re blaming it on weak exports. But you, Uberalert Reader (even better than a Dave Barry Alert Reader), say to yourself, “How can this be? Didn’t President Obama promise to double exports in his January 2010 State of the Union speech?”

Yes he did. Yes indeedy.

A key part of his economic recovery plan, doubling exports within 5 years was supposed to add jobs and promote GDP growth. But of course, not doubling exports, or even letting them sag, would be expected to hurt jobs and GDP growth.

Like it just did.

Just as a reminder, how exactly did President Obama do on keeping his promise? Well, he officially failed in March of this year, and he just keeps on failing:

ExportsRealityvsObamaMay2015
Is there any mystery as to why our economic recovery has been so tepid?

Comments»

1. geoff - May 29, 2015

It boggles the mind that the GOP is letting this broken economic promise slide.


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