The Obama Administration has pledged to double exports in five years, do you think this is doable?

The Obama Administration has pledged to double exports in five years. Do you think this is doable? What do we need to accomplish this?The Obama Administration has pledged to double exports in five years, do you think this is doable?I believe it's doable but not because of political discussion. Rather, it will happen (if it does) because of cyclical happenstance. We're on the low end of historical patterning, something that usually reverses when the cycle reaches the logical end. Obviously a Chinese currency re-evaluation would play into this.



Presidents tend to say many things that prove to have been unfounded. I'm not saying this is the case now, only that leaders try to soothe the nerves of their constituency. I also know that America's employment numbers are not going to be an officially recognized result of Presidential leadership. As a money manager, I believe America's position in the global economy will be stronger than it shows today.



LenThe Obama Administration has pledged to double exports in five years, do you think this is doable?For manufactured goods, probably not. The world's manufacturing always moves to cheaper and cheaper countries. It may be in China now, but as soon as their currency revalues, it will move to Vietnam and so on.



Raw materials, on the other hand, we could definately export more of. The BRICs (Brazil, Russia, India, China) are buying up raw materials like iron, oil, coal, natural gas, and copper like crazy. America has one the largest coal reserves in the world, plus the technology to extract massive amounts of natural gas and even oil.



We also have timber and food stocks like wheat, corn, and soybeans. With a massive drought gripping Asia, they will need to import a lot more food this year.



I would say its about a 50/50 chance.