American Economic Alert.org - Masthead Fighting For American Companies - Fighting for American Jobs United States Business and Industry Council
Current Trade Deficit:   AmericanEconomicAlert.org - Presented by The Robert A. Stranahan Lectures
Obama: Looking for Jobs in All the Wrong Places
Alan Tonelson
Thursday, November 26, 2009
Photo of Alan Tonelson
U.S. EMPLOYMENT TRENDS

Obama -- How to Improve the Bleak US Jobs Picture? Multiply!

“I just came back from a trip to Asia in which one of my highest priorities was discussing how we can increase exports into that region. If we could just increase our exports by 5 percent into that region, that would mean hundreds of thousands of well-paying jobs.”
–President Obama, November 23, 2009

U.S. goods exports to Pacific Rim countries, year-to-date, 2009: $168.885 billion

Five percent of that total: $8.44 billion

U.S. goods imports from Pacific Rim countries, year-to-date, 2009: $406.93 billion

Five percent of that total: $20.34 billion

trade barriers faced by U.S. exports to Pacific Rim markets: fill 173 pages in latest U.S. government report on foreign trade barriers

trade barriers faced by U.S. exports to U.S. markets: 0


Sources: “Remarks by the President after Meeting with his Cabinet,” The White House, Office of the Press Secretary, November 23, 2009, http://www.whitehouse.gov/the-press-office/remarks-president-after-meeting-with-his-cabinet-0; calculated from Trade Dataweb, U.S. International Trade Commission, http://dataweb.usitc.gov/; and calculated from 2009 National Trade Estimate Report on Foreign Trade Barriers, Office of the U.S. Trade Representative, http://www.ustr.gov/sites/default/files/uploads/reports/2009/NTE/asset_upload_file405_15451.pdf

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).
Sign up below to have AEA news headlines, articles, and reports delivered directly to your mailbox. 100% free and private.
PDF Download View our plan to save American Manufacturing
PDF Download Multimedia educational shorts on key trade issues