Who's he trying to kid? Exports of private Cessnas to India are going to save the USA? Gimme a break.
Hey, Fisher dude, get your facts straight before you open your trap: Exports are only 11% of US GDP, and India isn't even a blip inside that 11%. Not that you were looking for advice from me, but if I were you, I'd be a lot more worried about infecting those pesky Canadians and Mexicans with your falling dollar and your housing recession, because that's who actually buys your stuff (including, unfortunately, your toxic waste mortgage products).
But you don't have to take my word for it. The following is from the February 2007 export fact sheet from the US Commerce Department --
EXPORT OVERVIEW:
Through February 2007, U.S. exports of goods and services grew by 10.1 percent compared to the first two months of 2006 to $250.8 billion, while imports increased 3.0 percent to $368.1 billion. The largest export markets for U.S. products through February were Canada ($36.0 billion, up 3.3%), Mexico ($20.8 billion, up 0.5%), Japan ($9.8 billion, up 9.6 %) and China ($9.0 billion, up 18.6%).
Exports were 11.1 percent of U.S. GDP in 2006, the highest ever in dollar terms, 9.6 percent in 2002 and 5.2 percent 50 years ago.
Among the fastest growing exports by industry sector through February were computers ($2.3 billion, up 29.8%), civilian aircraft ($8.7 billion, up 21.0%), other private services ($31.3 billion, up 11.9%), and corn ($1.7 billion, 63.9%).
The trade figures from the first two months of the year illustrate the strength of our economy and with increased exports overall and surging export growth in organic chemicals, civilian aircraft, and pharmaceutical fields we are able to continue to create opportunity for America. |
