San Francisco (Obama.net)- There was once a time when the United States of America was known as the Empire of Production. However, throughout the 1960’s and 1970’s, the United States began its transition into the Empire of Consumption. As the turn of the millennium came, the United States became ever more dependent on imports as most all goods in America were made in a foreign nation.
However, President Barack Obama has worked vigorously to change that and statistics show that a positive change in the balance of imports and exports has come. The balance is becoming more even as the first third of 2010 saw an increase of seventeen percent in American exports to the rest of the world.
This is all part of President Obama’s National Export Initiative, which is scheduled to double the amount of American exports over the next half decade. First announced as part of President Obama’s State of the United Address earlier this year, the plan is all part of Obama’s overall scheme to bring significant economic growth to the United States.
Obama stressed the importance of exporting to the rest of the world on Wednesday. Obama stated, “This isn’t just about where jobs are today. This is where American jobs will be tomorrow. Ninety-five percent of the world’s customers and fastest growing markets are beyond our borders,” and “we’ve got to compete for those new customers because other nations are.”
Via the Initiative, Obama is providing the exporters of the United States with their business by eliminating trade barriers and increasing free trade and economic cooperation throughout the world.
Obama cited the recent trade agreements with both China and Russia as factors that will lead to improving the American economy. Obama said that the agreements with the two states will bring over one billion dollars to the businesses of the United States.
As time progresses, Obama’s hard work has already started to improve the economy of the United States of America. This is quite evident in the dramatic increase in the increase of American exports, which are only beginning to rise. With the quick improvements via Obama’s plans, only more dramatic progressions can be foreseen.