Obama’s $2B Plan to Boost Exports: Good for Small Biz?

February 8th, 2010 admin

One of the things that’s helped sink the U.S. economy into its current funk is our trade deficit, which stood at $36.4 billion in November. Translation: we imported $36.4 billion less than we sold abroad. President Barack Obama has set a goal of doubling U.S. exports over five years. To that end, he’s seeking a $2 billion raise, to $6 billion, in funds for the Federal Export-Import Bank to lend small-to-medium sized businesses to help them sell more abroad. By…


Originally posted on Entrepreneur

 
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