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	<title>genConnectgenConnect &#187; Fred P. Hochberg</title>
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		<title>Increasing U.S. Exports Helps Create American Jobs (VIDEO)</title>
		<link>http://www.genconnect.com/lifestyle/increasing-us-exports-helps-create-american-jobs-economy-fred-hochberg-video/</link>
		<comments>http://www.genconnect.com/lifestyle/increasing-us-exports-helps-create-american-jobs-economy-fred-hochberg-video/#comments</comments>
		<pubDate>Mon, 03 Dec 2012 08:15:19 +0000</pubDate>
		<dc:creator>Fred P. Hochberg</dc:creator>
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		<guid isPermaLink="false">http://www.genconnect.com/?p=33354</guid>
		<description><![CDATA[Why Fred Hochberg, chairman of Export-Import Bank, is so bullish about our economy]]></description>
				<content:encoded><![CDATA[<p>The U.S. can&#8217;t just rely on consumer and government spending to keep it strong &#8211; exports are key, says Fred Hochberg, president and chairman of the Export-Import Bank of the United States. President Obama aims to double the number of American exports in the next few years from 2009 levels; the U.S. is about halfway to that goal. &#8220;We&#8217;ve made great progress. Exports are more than $2.1 trillion a year &#8211; a record,&#8221; Hochberg says.</p>
<p><strong>Watch Fred Hochberg discuss how increasing U.S. exports helps create jobs and keeps America strong:</strong><br />
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<p><strong><em><a href="http://www.genconnect.com/wp-content/uploads/2012/07/Fred-Hochberg1.jpg"><img class="alignright size-medium wp-image-33389" title="Fred Hochberg" src="http://www.genconnect.com/wp-content/uploads/2012/07/Fred-Hochberg1-286x300.jpg" alt="" width="236" height="248" /></a>WATCH: <a href="http://www.genconnect.com/career/asia-china-india-vishakha-desai-asia-society-video/" target="_blank">The Secret to Doing Business in Asia</a></em></strong></p>
<p>Whereas the world used to be driven by the U.S. consumer and the debt this country piled up, Hochberg said, &#8220;now the world is much more being driven by &#8211; and world economy by &#8211; infrastructure, and we sell a lot of that.&#8221; Whether it be airplanes, satellites, or medical supplies, the job of the Export-Import Bank is to finance those products into tough markets. And with 90 percent of the bank&#8217;s customers being small businesses, a vital component of its job is to help export the services of those small businesses.</p>
<p>Why is Hochberg bullish about the U.S. economy over the next few years despite the fact that many countries are in financial turmoil? Because exports can help make America strong.</p>
<p><strong><em>WATCH: <a title="Permanent Link to Richard Haass: We Have to Restore ‘America’s Power’ (VIDEO)" href="http://www.genconnect.com/lifestyle/richard-haass-foreign-relations-restore-americas-power-aspen-ideas-festival-video/" rel="bookmark">Dr. Richard Haass Says We Have to Restore ‘America’s Power’</a></em></strong></p>
<p>&#8220;Because of all this infrastructure going in &#8211; yes there&#8217;s slowdowns in Europe, yes there&#8217;s concern about China and India,&#8221; he said. But with India, for example, expecting to spend $1 trillion in the next five years on imports, he added, &#8220;we can create a lot of jobs in the U.S. &#8230; from the exports we&#8217;re making to those countries.&#8221;</p>
<p>&#8220;We&#8217;re not going to be able to power our economy by consumer spending, government spending and even business investment. The fourth leg of that chair or that table is exports, and that&#8217;s where we need to put more efforts.&#8221;</p>
<p><strong><em>WATCH: <a href="http://www.genconnect.com/career/citigroup-vice-chairman-peter-orszag-financial-crisis-economic-recovery-video/" target="_blank">Peter Orszag on Economy &#8211; &#8216;Hold On, it Will Get Better&#8217;</a></em></strong></p>
<p><em>genConnect was credentialed press at the <a href="http://www.aspenideas.org/festival/overview" target="_blank">2012 Aspen Ideas Festival</a> in Aspen, Colo., where we interviewed the premier speakers and attendees at the conference. For more of our video interviews and articles from the Ideas Festival, <a href="http://www.genconnect.com/tag/aspen-ideas-festival-2012/" target="_blank">click here</a>.</em></p>
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		<title>Obama May Get Boost From Good Jobs Report (VIDEO)</title>
		<link>http://www.genconnect.com/lifestyle/obama-may-get-boost-from-good-jobs-report-video/</link>
		<comments>http://www.genconnect.com/lifestyle/obama-may-get-boost-from-good-jobs-report-video/#comments</comments>
		<pubDate>Fri, 05 Oct 2012 08:45:59 +0000</pubDate>
		<dc:creator>Fred P. Hochberg</dc:creator>
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		<guid isPermaLink="false">http://www.genconnect.com/?p=37535</guid>
		<description><![CDATA[Good jobs report could help Obama after presidential debate; Export-Import Bank chief says exports help create jobs]]></description>
				<content:encoded><![CDATA[<p><strong><a href="http://www.foxbusiness.com/economy/2012/10/05/september-jobs-report-unemployment/">Unemployment fell</a> to a 44-month low in September, dropping to 7.8 percent &#8211; its lowest rate since President Obama took office.</strong> The Labor Department&#8217;s news is positive after months of lackluster jobs data, and could help President Obama in his re-election bid against Mitt Romney in the November presidential elections. Romney charged after Obama in this week&#8217;s presidential debate over various aspects of the <a title="More stories on the economy from genConnect" href="http://www.genconnect.com/tag/economy/" target="_blank">economy</a> &#8211; the number one issue for which the president has been criticized.</p>
<p>But the U.S. can’t just rely on consumer and government spending to keep it strong – exports are key, says <a title="More on Fred Hochberg" href="http://www.genconnect.com/author/fredhochberg/" target="_blank"><strong>Fred Hochberg</strong></a>, president and chairman of the Export-Import Bank of the United States. Obama aims to double the number of American exports in the next few years from 2009 levels; the U.S. is about halfway to that goal. &#8220;We’ve made great progress. Exports are more than $2.1 trillion a year – a record,&#8221; Hochberg says. <strong><a title="Chairman of Export-Import Bank of U.S. on Creating Jobs" href="http://www.genconnect.com/lifestyle/increasing-us-exports-helps-create-american-jobs-economy-fred-hochberg-video/" target="_blank">Watch Hochberg discuss</a> how increasing U.S. exports helps create jobs and keeps America strong:</strong></p>
<p><img style="visibility: hidden; width: 0px; height: 0px;" src="http://c.gigcount.com/wildfire/IMP/CXNID=2000002.11NXC/bT*xJmx*PTEzNDk*NDI5ODc*MTImcHQ9MTM*OTQ*Mjk4ODkyNCZwPSZkPSZnPTImbz*yMzZkNWNkMWJiZDc*MTE*YTdhMDQ3NjJi/NTJmMDc1ZiZvZj*w.gif" alt="" width="0" height="0" border="0" /><object id="kaltura_player_1349442985" width="560" height="345" classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0" name="kaltura_player_1349442985"><param name="allowScriptAccess" value="always" /><param name="allowNetworking" value="all" /><param name="allowFullScreen" value="true" /><param name="flashVars" value="" /><param name="src" value="http://www.kaltura.com/index.php/kwidget/wid/1_4z6ivpo7/uiconf_id/6458781" /><param name="allowscriptaccess" value="always" /><param name="allownetworking" value="all" /><param name="allowfullscreen" value="true" /><param name="flashvars" value="" /><embed id="kaltura_player_1349442985" width="560" height="345" type="application/x-shockwave-flash" src="http://www.kaltura.com/index.php/kwidget/wid/1_4z6ivpo7/uiconf_id/6458781" allowScriptAccess="always" allowNetworking="all" allowFullScreen="true" flashVars="" allowscriptaccess="always" allownetworking="all" allowfullscreen="true" flashvars="" name="kaltura_player_1349442985" /><a href="http://corp.kaltura.com">video platform</a><a href="http://corp.kaltura.com/video_platform/video_management">video management</a><a href="http://corp.kaltura.com/solutions/video_solution">video solutions</a><a href="http://corp.kaltura.com/video_platform/video_publishing">video player</a></object></p>
<p><strong><em><a href="http://www.genconnect.com/wp-content/uploads/2012/10/President_Official_Portrait_HiRes.jpg"><img class="alignright  wp-image-37572" title="President_Official_Portrait_HiRes" src="http://www.genconnect.com/wp-content/uploads/2012/10/President_Official_Portrait_HiRes-220x300.jpg" alt="" width="189" height="258" /></a>WATCH: <a href="http://www.genconnect.com/career/asia-china-india-vishakha-desai-asia-society-video/" target="_blank">The Secret to Doing Business in Asia</a></em></strong></p>
<p>Whereas the world used to be driven by the U.S. consumer and the debt this country piled up, Hochberg said, “now the world is much more being driven by – and world economy by – infrastructure, and we sell a lot of that.” Whether it be airplanes, satellites, or medical supplies, the job of the Export-Import Bank is to finance those products into tough markets. And with 90 percent of the bank’s customers being small businesses, a vital component of its job is to help export the services of those small businesses.</p>
<p>Why is Hochberg bullish about the U.S. economy over the next few years despite the fact that many countries are in financial turmoil? Because exports can help make America strong.</p>
<p><strong><em>WATCH: <a title="Permanent Link to Richard Haass: We Have to Restore ‘America’s Power’ (VIDEO)" href="http://www.genconnect.com/lifestyle/richard-haass-foreign-relations-restore-americas-power-aspen-ideas-festival-video/" rel="bookmark">Dr. Richard Haass Says We Have to Restore ‘America’s Power’</a></em></strong></p>
<p>“Because of all this infrastructure going in – yes there’s slowdowns in Europe, yes there’s concern about China and India,” he said. But with India, for example, expecting to spend $1 trillion in the next five years on imports, he added, “we can create a lot of jobs in the U.S. … from the exports we’re making to those countries.</p>
<p><strong>“We’re not going to be able to power our economy by consumer spending, government spending and even business investment. The fourth leg of that chair or that table is exports, and that’s where we need to put more efforts.”</strong></p>
<p><strong><em>WATCH: <a href="http://www.genconnect.com/career/citigroup-vice-chairman-peter-orszag-financial-crisis-economic-recovery-video/" target="_blank">Peter Orszag on Economy – ‘Hold On, it Will Get Better’</a></em></strong></p>
<p>According to government unemployment numbers released Friday, <a title="Unemployment Drops to 7.8 Percent" href="http://www.nytimes.com/2012/10/06/business/economy/us-added-114000-jobs-in-september-rate-drops-to-7-8.html?_r=0" target="_blank">the private sector grew</a> by 104,000 workers in September, while governments added 10,000 jobs. Manufacturing, however, shed 16,000 jobs after losing a revised 22,000 in August, and construction jobs grew by 5,000.</p>
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