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Monday, February 01, 2010

Export What?

President Obama recently announced that he wants to double the amount of exports from the United States. I'm curious as to what exactly he would like to export. And double.

Twice the amount of financial re-shuffling services?

4 comments:

Ed "What the" Heckman said...

He'll export twice the jobs…

Okay, maybe that's not what he wants to export, but that's what happens when taxes go up.

blk said...
This comment has been removed by the author.
blk said...

When you export almost nothing, it's easy to double the amount you export.

However, we actually make a lot of specialized measurement and industrial equipment. For example, there are companies that make water-based stone and steel cutters. Yeah, that's right: they use water to cut steel. It's kinda cool.

I don't have the numbers, but I'd guess we're one of the top exporters of food in the world. Our extensive use of oil, gas and fertilizers give us high productivity per farmer (at a very high environmental cost, which the shrimpers in the Gulf of Mexico can tell you).

American corporations long ago ceded the bread and butter consumer items -- cars, electronics, household appliances -- to Asia. And Walmart has driven many American suppliers out of business with their incessant price cuts. Walmart is one of the top three reasons that China has become an economic powerhouse.

Yes, our insistence on buying cheap Chinese junk that breaks immediately has cost many of us our jobs. Good thing we have Walmart, so all those unemployed people have somewhere to buy cheap Chinese junk.

Anonymous said...

The only things the USA make anymore are:

Tobacco.

Firearms
(probably with some outsourced parts.

Beer.

And the one service industry (other than fast food that comes from who knows where), well, that is provided by Americans, though illeagally, - PROSTITUTION!

So, want to "Buy American"? There are your choices. Fill up those carts! Oh, and be sure it's at Wal-Mart, you don't want to overpay for USA goods, that would be "Un-American"!

-The Other JC