Obama's Progress on Exports

Obama says new export initiative off to good start

This article posted by Houston Chronicle discusses President Obama's plan for exportation of goods, and how it will help our economy increase financially. He believes that by removing trade barriers and opening new markets abroad, global exporting of more goods will be positive, and we will bring in more revenue. However, the issue with this article is that the plan that Obama has mentioned will take more money from us in order to put the plan into action. This could cause an uproar because the plan is not gauranteed to be successful, we would have to take out loans,which could increase our debt. Also, our economy is still recovering from a recession, and there is fear that we may be headed towards another one.

As of now, our economy is slowly falling apart. The unemployment rate is still high, almost reaching 10%. Will we be able to expand the exportation of goods, and in return expect financial gain from it, or are we setting ourselves up for another downfall? Depending on the result we may not be able to come back from it.