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After all, an overvalued dollar gives us the ability to buy foreign goods at lower prices. And the existing volume of exports brings more yen and euros than they would if the dollar were more competitive.
Martin Feldstein Almost 70 percent of U.S. ag exports travel the upper Mississippi River and the Illinois waterway system. Jerry Costello America is becoming more and more dependent upon imports from foreign manufacturers than we are exports from our country in all fields: in appliances, in clothing, even food. This year America may become for the first time in its history a net food importer. Marcy Kaptur But the key thing is that Iraq, while it's got very large oil reserves, has marginalized itself as an oil exporter and these days its exports are only about one tenth that of neighboring Saudi Arabia. Daniel Yergin But the primary reason for wanting the dollar to become more competitive in the near future is that we may need an increase in exports this year and in 2007 to sustain the economy's current pace of expansion. Martin Feldstein China's idea of fair trade is government subsidies of its textile and apparel exports to the United States, currency manipulation, and forgiveness of loans by its government banks. Virginia Foxx Even if the dollar does decline during the coming months, the delays in the response of exports and imports to the more competitive dollar will mean that the increase in aggregate demand from this source may not happen for a year or more. Martin Feldstein If the United Nations is a country unto itself, then the commodity it exports most is words. Esther B. Fein If these assets were set up as a revolving fund with which Japan could import raw materials for its industries, Japanese exports could again enter the channels of world trade-and Japanese workers would have employment and something to eat. James Forrestal If you consider that a typical Central American consumer earns only a small fraction of an average American worker's wages, it becomes clear that CAFTA's true goal is not to the increase U.S. exports. Stephen F. Lynch In the best of all worlds everyone in the Embassy is doing something to assist U.S. exports. Lawrence Eagleburger People forget that a huge proportion of our jobs still depend on agricultural production in Australia so of course there are exports. That's easily overlooked. John Anderson The biggest share of U.S. exports to the six CAFTA nations is not the traditional job-creation kind. These are products that are not consumed in the purchasing nations. Stephen F. Lynch The direct investment of Japanese businesses to East Asian economies accelerates the reallocation of their production bases. Consequently, between Japan and the other East Asian countries, both exports and imports are growing substantially. Toshihiko Fukui Then it was that the exports of slaves from Virginia and the Carolinas was so great that the population of those States remained almost, if not quite stationary. Henry Charles Carey Tobacco exports should be expanded aggressively because Americans are smoking less. Dan Quayle U.S. corn exports to CAFTA countries will benefit from reduced tariffs and duty-free access for corn products. John Shimkus Unless we repeal the illegal Byrd amendment, American exports will be vulnerable to retaliation, and the U.S. will continue to face a difficult task convincing other countries to make their laws comply with international rules. Jim Ramstad We are living in a time when American popular music is finally being recognized as one of our most successful exports. The demand is huge. Billy Joel Worse there cannot be; a better, I believe, there may be, by giving energy to the capital and skill of the country to produce exports, by increasing which, alone, can we flatter ourselves with the prospect of finding employment for that part of our population now unemployed. Joseph Hume |
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