When Obama made that promise, exports were at $142 billion for the month of January 2010. By December 2013, exports had only risen to $191 billion. This is well below the $256 billion needed to be on track with the President's goal. So, after completing nearly four years of the 5-year commitment, exports have only risen by 35%. At best, they might increase 42% over what had been a 100% or doubling of export promise.
Now, what about all those manufacturing jobs? Well, in the February 2013 State of the Union Address, Obama proudly said this:
“After shedding jobs for more than 10 years, our manufacturers have added about 500,000 jobs over the past three.”For that claim, the normally-friendly Washington Post gave him 2 Pinocchios. But, even if it was true, at best, we are only on track to create 800,000 manufacturing jobs by 2015; of which only about 40% could be attributable to exports.
I think Americans need to wake up and stop believing anything Obama says. For him, talk is truly cheap; and, as always, politically opportunistic. And, I mean "opportunistic" in the most negative way.
You might keep this blog entry in mind, when, on Tuesday, Obama promised that -- thanks to his new fuel standards -- the average family will save $8,000 in gasoline expenses over time. Of course, that savings never takes into consideration how expensive a car will have to be to meet his new standards. I'm sensing even more Pinocchios on the way.
With the stroke of Obama's pen, new fuel standards are coming: http://www.cbsnews.com/news/with-the-stroke-of-obamas-pen-new-fuel-standards-on-the-way/
State of the Union Address: Obama to Double Exports and create 2 million jobs: http://trade.gov/nei/nei-introduction-state-of-the-union-012710.asp
January 2010 Exports/Imports: http://www.nytimes.com/2010/02/11/business/economy/11econ.html
December 2013 Exports/Imports: http://www.bea.gov/newsreleases/international/trade/tradnewsrelease.htm
Obama Gets 2 Pinocchios on Manufacturing Job Creation: http://www.washingtonpost.com/blogs/fact-checker/post/obamas-claim-of-500000-manufacturing-jobs-month-after-month/2013/06/07/a16c03cc-cfb9-11e2-8845-d970ccb04497_blog.html