"Our Children and Grandchildren are not merely statistics towards which we can be indifferent" JFK

Saturday, November 6, 2010

Obama Salesperson of the Year: Announces $10 Billion in new export business within hours of landing...WOW!

What a Salesperson...
$10 billion in new sales w/in hours of landing

(Reuters) - President Barack Obama said on Saturday that U.S. businesses were concluding $10 billion in new export business with India as he began a 10-day Asian tour in Mumbai, the nation's financial capital.

The White House says this will help to support around 54,000 jobs in the United States.

Here are some of the deals in the Reuters lists the pipeline.

A few other $10 billion headlines placing President Obama's sales in perspective:
Tim Geithner out performed President Obama as salesperson of the week as Timmy and the Treasury Announced they will auction $72 billion the week of November 8, 2010 (3 year, 10 year and 30 year). Nice job Mr. President however Geithner beat you 7 to 1 just this week alone.

$10 billion in new sales is the equivalent of:
  • 8.77 days of gross sales at Wal-Mart
  • 11 days of gross sales at Exxon Mobil
  • 24 days of sales at General Electric
  • 42 days of sales at JP Morgan Chase
  • 56 days of sales at Apple and 42 days sales based on 2011 estimate
In all fairness Mr. President, $10 billion is significant when compared to several of Jim Cramer's high flying CANDIES favorites:
  • 2,500 days (6.85 years) of gross sales for Sales Force.com and Panera Bread
  • 2,000 days (5.48 years) of gross sales for Chipotle Mexican Grill
  • 3,333 days (9.1 years) of gross sales for Deckers
  • 1,666 days (4.6 years) estimated gross sales for Netflix
 One final comparison calculation Mr. President. I opted to have our grandchildren handle the calculation given the fact that every U.S. Government Agency remains math challenged and requires months of revisions to secure a final figure.

$10 billion divided by $14 trillion U.S. GDP equals: 0.000714285714
(it's a start Mr. President...)

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