Now that the Obama Administration has come to an end I wanted to do a bit of a rap-up post about his time as of running the economy and being the commander in chief and top spokesperson for US Made Music and figured that just before the April 4th Trade Data is released we can catch everyone up on where US Made Music stands in the business world and how Obama's 8 years in office impacted the entertainment in the US; Specifically, Prerecorded Compact Disc (Except Software), Tape, and Record Reproducing: which is category 334612.
January 2017
Trade in Goods
and Services
Deficit: $48.5 Billion
Exports: $192.1 Billion
Imports: $240.6 Billion
Just so we're all on the same page: 334612 is the same "rock and roll" that is coming into the US as an Import and not being exported. Moreover, this category used to be an industry leading sector driving the US economy and the dissemination of US culture abroad. Remember the phrase Cultural Diplomacy, I've been the one asking Obama's Secretary of Commerce, numerous Under Secretary's plus leading figures at the State Departhemet.
I've taken the newest trade date for NAICS334612 and posted it as a Google Sheet for anyone to take a look without having to jump through all the hoops and dig through all the data. HERE
If we don't export our music how's the US doing this Cultural Diplomacy?
Worst of all is the Obama Administration knew that we needed to do something about spurring US Made Music that it helped to pass the Music Act in 2012 that set aside money in the Commerce Department to -- Develop, Manufacture, and export it and I've never met someone that even knew it existed or that it's expiring.
Moreover! How is it possible, I love to ask, that we have some of the biggest recording artists in the world; Yet, the USA is negative in it's export of music made in the USA? Want to Learn more about how we got here and what to do by the above link or visit TheMajorsSuck.com and the question I have to ask is why is this subject so under reported and hard to find data about something as important as US Made Music?
Moreover! How is it possible, I love to ask, that we have some of the biggest recording artists in the world; Yet, the USA is negative in it's export of music made in the USA? Want to Learn more about how we got here and what to do by the above link or visit TheMajorsSuck.com and the question I have to ask is why is this subject so under reported and hard to find data about something as important as US Made Music?
As Micheal E. Porter eloquently pointed out in “The Competitive Advantage of Nations,” that a nation's prosperity is created and not inherited, states must recognize that a nation's competitiveness depends on the capacity of its industries to innovate and upgrade.’
We have failed to heed these words and worse is that -- we are entertaining our economy to death! Nelson Jacobsen, USMADEMUSIC.ORG
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| Thanking Lil Flip, for his show during SXSW |
Ps Why we need the US Music Act is the next blog and I'll wait for the April Trade Data.
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