Friday, November 9, 2012

President Obama's Foreign Priority

Newly reelected President Obama has voiced his opinion on becoming stricter with U.S. and China trade. The most recent concern, automobile subsidies, according to President Obama, directly harm working men and women in the United States. During his past election term, the majority of conflict with China revolved around the issues of trade and currency manipulation. Recent foreign concerns seem to be directed towards the Middle East, with concerns such as the Arab springs. With such demanding and daunting challenges, it is unlikely that China will become a focal point. If in fact trade does become a more highly regulated and strict process, there will be a surge in Chinese outbound investment, as it provides the most lucrative option in the global market. As recent as September, 2012, President Obama signed a 3 year extension of the EB-5 program. With its success, and the job creation - making up the difference between those claimed to have been lost - it is predicted to not only continue, but to excel in the years to come.