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Obama's Economic Policy: Saving the US Economy through Exports
Alan Tonelson
Friday, July 31, 2009
Photo of Alan Tonelson
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).
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