Word: exportation
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Boosted farm-state fortunes $1 billion with the new wheat Export Enhancement Program...
...core of Bush's pitch was hardly surprising. Sounding like a born-again preacher of Reaganomics, the President promised to "stimulate entrepreneurial capitalism, not punish it." He argued for lower taxes, less federal spending, less regulation. To make America an "export superpower," Bush proposed an expansive network of free-trade arrangements going well beyond the North | American Free Trade Agreement now pending. For the Beltway bureaucracy bashers, he offered to cut the salaries of higher-paid government officials and to pare the White House operating budget by one-third -- if Congress does the same...
None of those are new lines of attack. But Baker has rearranged them under a simple and potentially devastating strategic framework: Whom do you trust? If Bush ca country doling out billions. Bush announced $8.6 billion in hurricane aid to Florida and Louisiana and export subsidies to farmers two weeks ago. When he cannot tap the U.S. Treasury, he is prepared to tap the reserves of foreign governments. Last week Bush made a special trip to St. Louis, home of McDonnell Douglas, where he backed a $9 billion sale of 72 F-15 fighters to Saudi Arabia...
...Taiwan despite a longstanding policy against such sales -- and despite a predictable explosion from Beijing, a regime Bush has taken considerable pains to cultivate. In Humbolt, South Dakota, and Shallowater, Texas, the President announced the release of $755 million in crop disaster relief, as well as $1 billion in export subsidies for U.S. wheat farmers...
...1970s, the Ivory Coast enjoyed annual economic-growth rates of 6% to 7%, the most vibrant in former French West Africa. The trend has reversed since coffee and cocoa prices collapsed in the 1980s. High oil prices mean a gallon of gasoline sells at $5. From 1986 to 1989, export earnings dropped from $3.2 billion to $2.5 billion, while costs continued to rise. Total debt, $12 billion, rose from 37% of gross domestic product in 1979 to 130% in 1991, effectively crowding out the private sector's ability to tap into domestic credit sources. "They mortgaged their soul...