Obama Seeks to Merge Six Trade and Commerce Agencies

According to the Associated Press, President Obama is seeking to merge six trade and commerce agencies. They are: The Commerce Department's core business and trade functions; the Small Business Administration; the Office of the U.S. Trade Representative; the Export-Import Bank; the Overseas Private Investment Corporation; and the Trade and Development Agency. The goal would be one agency designed to help businesses thrive.

In President Obama’s last State of the Union speech, he pointed to the absurdity of government inefficiency: “The Interior Department is in charge of salmon while they're in fresh water, but the Commerce Department handles them when they're in saltwater. And I hear it gets even more complicated once they're smoked.”

In order to accomplish the reorganization, Obama must ask Congress to give him a type of reorganizational power last held by a president when Ronald Reagan was in office.  The President would be able to propose money-saving mergers and Congress would have the ability to up or down vote within 90 days.

Comments

Sorry to "rain on your parade" but 'merging 6 Departments' reminds me of the creation of DHS after 9/11. If we are to be responsible for our own actions, and not thought of as 'to big to fail' we are, in my view, on the way to a big let down. Eliminate, not Merge. Cut the size and cut the cost too. 
 
Side comment, are people aware that China and Japan have agreed to conduct trade based on the RMB and YEN? This cuts out the need for 'Dollars' in their internatiional trade........get the picture?

Thanks for your comment James, I'd also be curious about whether the short term costs of coordinating and consolidating would outweigh the long term savings. Especially since they explicitly said that they will only be reducing the workforce through attrition.

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