Obama to Save Economy With More Tourist Visas?
Streamlining visa processes could help the U.S. rebuild market share, starting with China, Brazil
After putting the kibosh on the Keystone XL pipeline project, which some estimate would have created 20,000 high-paying construction jobs, President Obama showed up at the Magic Kingdom to do damage control Thursday, touting plans to boost the economy by ramping up tourism in
Among other things, the president's plans would make it easier for Brazilian and Chinese visitors to get tourist visas. Foreign tourists want to visit
If you thought for a nanosecond that Obama's decision to deliver a rousing speech on jobs and the economy in a swing state a week before
"We need to call this visit today what it actually is,"
Which begs the question: How much will the president's plans to dole out more tourist visas actually help the economy and how much is just a strategic campaign speech designed to remind voters that Obama cares about middle- and low-income workers?
The U.S. tourism and travel industries accounted for almost 7.5 million jobs in 2010, according to the
And that's really the key, experts say: making America an easy and desirable destination for foreigners to come and spend their money. Over the past 10 years, the U.S. has seen a 5 percent drop in long-haul travel arrivals, which means losing the money travelers bring from abroad.
"We've seen a kind of erosion where we're losing market share," says
There's opportunity to recapture some of the market share and economic benefit, especially from emerging economies such as
"We need to be more competitive," says
Streamlining the visa application process for two travel-hungry countries should help remove some barriers when it comes to visiting the U.S., Lamoureux says. "It's smart to focus on
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Obama to Save Economy With More Tourist Visas? | Politics
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