His critics call it Obamacare. President Barack Obama prefers to call it the Affordable Care Act.
Call it what you will, but it will lead to more U.S. exports in coming years, Obama predicted this morning.
Meeting with his top trade advisers, a group called the Export Council, Obama boasted that the cost of health care is now growing at the slowest rate in 50 years. And he said that will help U.S. businesses because they've often been forced to pay higher health care costs than their foreign competitors.
"We're on track to export even more this year," Obama said at the White House. "Last year, $1 billion in exports supported nearly 50,000 jobs -- or 5,000 jobs in the United States. So for every billion dollars that we sell, that’s 5,000 new jobs right here in the United States."
Obama's trade critics were quick to put a different spin on the numbers, noting that he'll never meet his goal of doubling exports by the time he leaves office in January of 2017.