Obama's Economic Policy: Saving the US Economy through Exports

Alan Tonelson
Friday, July 31, 2009
Obama’s minimalist free trade

policy
“While it is important not to exaggerate the benefits of the Panama agreement, neither should we minimize them.”
–U.S. Trade Representative Ron Kirk, May 18, 2009
Two-way U.S.-Panama trade, 2008: $5.2 billion
Amount of time it takes the U.S. economy to produce $5.2 billion worth of output: 3 hours
Sources: “Next Steps on the Trade Agenda: Remarks by Ambassador Ron Kirk at the U.S. Chamber of Commerce,” Washington, D.C., May 18, 2009, http://www.ustr.gov/about-us/press-office/speeches/transcripts/2009/may/remarks-ambassador-ron-kirk-us-chamber-commerce; “U.S. Panama trade deal may test Obama goals,” by David J. Lynch, USA Today, July 31, 2009
Alan Tonelson is a Research Fellow at the U.S. Business & Industry Educational Foundation and the author of The Race to the Bottom: Why a Worldwide Worker Surplus and Uncontrolled Free Trade are Sinking American Living Standards (Westview Press).