Obama has already exported about 415,000 jobs to China
Since President Obama took office, the U.S. has lost 582,000 manufacturing jobs (from 12,552,000 manufacturing workers in Jan. 2009 to 11,970,000 in Aug. 2012). Most of these jobs were exported to China.
During Obama's presidency, U.S. net exports (exports minus imports) of goods to China have fallen by $41.5 billion (from a negative 268.0 billion for the year ending Jan 2009 to a negative 309.5 billion for the year ending July 2012), as shown by the graph below:
Thursday, October 04, 2012
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