Secretary Clinton Highlights Importance of American Exports to Overseas Markets During Visit to Boeing Maintenance Facility in Shanghai, China

Earlier today, Secretary of State Hillary Rodham Clinton [pictured] visited the Boeing Maintenance Facility at Shanghai’s Pudong Airport to promote U.S. aviation exports to China. She toured the facility and met with U.S. aviation exporters and other companies to discuss commercial opportunities in China. Participants shared their experiences with the secretary, and explained the opportunities and challenges they face in this dynamic market.

Secretary Clinton highlighted the importance of American exports to overseas markets, particularly in Asia, in support of President Barack Obama’s National Export Initiative -- a government-wide effort to double U.S. exports over the next five years, and support two million U.S. jobs.

* China is one of the fastest-growing aviation markets, and provides tremendous opportunities for U.S. companies and U.S. exports. Industry forecasts predict a 300 percent increase in passenger traffic, from 230 million passengers in 2009, to 700 million passengers in 2020 -- and further doubling to 1.5 billion by 2030. Aviation continues to be the leading U.S. export industry, generating a global surplus of $60 billion in 2008.

* The Boeing Maintenance Facility builds upon the commercial relationship between the United States and China to promote economic development, technological advancement, and prosperity for both nations and the world at large.

* U.S. exports to China are a key market -- the U.S.’s third-largest -- hitting record levels in the first quarter of 2010, with an increase of approximately 46 percent compared to 2009.

* The growth of imports from the United States in key sectors -- such as energy, chemicals, transportation, medical equipment, construction and machinery -- suggests that China will remain an important and viable market for a wide range of products. With growing numbers of Chinese people traveling abroad for education and leisure purposes, China’s contribution to U.S. educational institutions and the tourism industry is increasingly important, as well.

* The United States remains the largest single-country market for China’s exports.

Secretary Clinton has committed the Department of State and the U.S. Embassies overseas to support efforts to expand markets, promote American exports, advise businesses wishing to operate overseas, and protect U.S. economic interests. These efforts benefit American workers, businesses and economies and contribute to overall U.S. security and shared global prosperity.

For more information on President Obama’s National Export Initiative [NEI], please visit http://bit.ly/ObamaNEI.

GoodBiz113's Take
The NEI holds great potential for growing the economy, and helping U.S. businesses -- especially small businesses and farmers -- prosper for the long term. President Obama, Secretary Clinton and other members of the Administration are to be applauded for stepping up the win-win-win prospects of America's exporting activities.

SOURCE: U.S. Department of State
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Franken Frames U.S. Senate Race at Farmfest Debate

As today's three-day 27th Annual Farmfest kicked off at the Gilfillan Estate in Redwood County, Minn., U.S. Senate challenger Al Franken took on incumbent Sen. Norm Coleman [D-Minn.] during their first debate of the general election.

During the course of the debate, Franken effectively framed the race while making his case that Minnesotans need a senator who will stand up for them -- not the myriad special interests with which Coleman has been linked. The upshot: Franken's strong performance demonstrated that he's ready to bring change to Washington as a United States Senator.

"Al Franken kept this debate focused on the issues -- the economy, energy prices, farm policy -- and on Norm Coleman's record of selling out the middle class," said Andy Barr, communications director of the Franken campaign. "That's how Al won the debate, and that's how we'll win this election."

Franken discussed his vision to create new opportunities in Greater Minnesota by supporting our family farmers, revitalizing rural Minnesota, and investing in education, health care, R&D, and infrastructure. Franken believes farming is vital to Minnesota and to the country's well-being. He highlighted the need to strengthen the middle class and change the broken system in Washington.

Franken also effectively used the debate as an opportunity to hold Norm Coleman accountable for his record of backing George W. Bush, putting special interests ahead of Minnesotans, and supporting Big Oil.

According to the Center for Responsive Politics, Coleman has received more contributions from the oil and gas industry than any other senator in Minnesota history. Coleman has taken at least $244,900 from the oil and gas industry since 2002 -- over $60,000 more than the next senator, Rod Grams.

Coleman Has Supported President Bush Almost 90% of the Time
On June 29, 2008, shortly after interviewing Sen. Coleman, award-winning WCCO-TV reporter and Sunday morning news anchor Esme Murphy spoke on-air with Larry Jacobs, a University of Minnesota professor and esteemed political analyst.

"Let's talk about the campaign ad I mentioned, in which the senator's wife brings up the point that a lot of people think that he is a rubber stamp for the Bush administration," said Murphy. "If you look at the record, definitely for the first four years, he was. I mean, he really did vote with the president. In the past two years, he has clearly distanced himself."

Want proof? Check out CQ Vote Studies, a service provided by Congressional Quarterly's CQ.com. On the site's "Bush Era Scores" chart, one can see that, during his time in office, Norm Coleman has supported President Bush an average of 83% of the time -- including a whopping 98% of the time in 2003, his first year in the Senate.

Rubber stamper? You decide.


GoodBiz113's take: U.S. small businesses fuel nearly 75% of our nation's economy -- and family farmers play no small part in that. Al Franken's common-sense proposals are good for all small businesses -- including farmers -- and for America as a whole.

SOURCES: Al Franken for U.S. Senate, Center for Responsive Politics, Congressional Quarterly, WCCO-TV
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House Passes Energy Efficiency Package; Small Business Committee Bill Included to Support Innovations in the Energy Sector

Yesterday, the U.S. House passed H.R. 3221, the New Direction for Energy Independence, National Security and Consumer Protection Act, legislation that provides incentives for the production of clean energy, aids our nation’s farmers in producing the next generation of America’s fuel, and supports energy efficient technology. It also creates an environment for creating jobs, stimulating the economy and helping small businesses.

The historic legislation includes a number of measures that had passed through the House Small Business Committee in May to help entrepreneurs cope with rising energy costs, become more resourceful in their usage, and continue developing new technologies.

“This is a major step forward for improving our environment and helping this nation’s small businesses to lead the way in that charge,” said Chairwoman Nydia Velázquez [D-N.Y.]. “This legislation includes critical provisions that will empower entrepreneurs to create a more eco-friendly environment, and help achieve the overall goals of H.R. 3221 to spur investment in biofuels, new energy technologies, innovation and job creation.”

Small businesses have been particularly affected by the rising cost of fuel, as any additional expense is more difficult for them to absorb than their corporate counterparts. According to a survey conducted by the National Small Business Association [NSBA], over 60 percent of small businesses use vehicles on a daily basis, and a majority of those who use vehicles travel more than 50 miles a day. This has forced many entrepreneurs to consider scaling back their daily operations and reducing their staff in an effort to save money.

“The rising cost of energy has hit small businesses hard,” Chairwoman Velázquez noted. “This bill focuses not only on supply, but it also focuses on usage. These two factors are key in helping small businesses to manage increasing energy prices, and in becoming more resourceful.”

A critical piece of the New Direction for Energy Independence, National Security and Consumer Protection Act, is H.R. 2389, the Small Energy Efficient Business Act [SEEBA], introduced by Subcommittee Chairman, Rep. Heath Shuler [D-N.C., pictured above], and approved by the full House Small Business Committee this spring. The bill provides loans, education and investment to small firms to help them become more energy independent, thereby helping them take advantage of their role as leaders in the search for solutions.

H.R. 2389 also promotes good energy practices by modifying existing Small Business Administration [SBA] programs to provide more flexible loan terms to small firms that are developing or utilizing new technologies.

SEEBA stimulates investment in the production of alternative sources and product development by expanding the Small Business Investment Companies [SBICs]. The SBA will be required to develop a strategy to educate small firms about being resourceful, and establishes an educational program for the Small Business Development Centers [SBDCs]. Additionally, the Renewable Fuel Capital Investment Program [RFCIP] will be created, which will help small firms develop renewable energy sources. These measures will play a vital role in the reaching the goals of H.R. 3221.

“Small businesses are leaders in developing new technologies to spur efficiency, and under H.R. 3221, entrepreneurs will be able to continue on that path,” said Chairwoman Velázquez. “The Small Energy Efficiency Business Act will give the support needed to foster these types of advances, while also encouraging innovation and job creation. I am proud that this legislation is a vital component of the monumental energy package that the House has passed today.”

Sources: Congressional Budget Office, GovTrack.us, U.S. House Small Business Committee, WashingtonWatch.com
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