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New US export strategy eyes Asia
New US export strategy eyes Asia
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President Barack Obama will unveil details Thursday of how he plans to double American exports in five years, mainly to rapidly-growing Asia.
Obama's strategy to get US companies to pump out exports is aimed at supporting the creation of two million jobs in America, which is still reeling from double digit unemployment that threatens to dampen its economic recovery.
"If we just increased our exports to Asia by a percentage point, by a fraction, it would mean hundreds of thousands, maybe millions of jobs here in the United States. And it's easily doable," Obama told Senators from his Democratic party Wednesday.
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