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Friday, March 12, 2010

President Obama Takes Aim at Trade Deficit

“Designed to deliver on a pledge he made in his State of the Union speech, Obama’s plan includes $2 billion in new export financing through the Export-Import Bank, which helps U.S. companies finance overseas sales; establishment of a Cabinet group to promote U.S. goods and services abroad; and an expanded role for the Nixon-era President’s Export Council …  If successful, the president said, the program would create 2 million jobs. Experts said the viability of that figure would depend on the type of exports that are expanded.” (Washington Post, Friday)

I think we’ve heard this one before.

FEE Timely Classic:
A Deficit of Understanding” by Donald Boudreaux