Summary Box: Improving economy lifts imports, exports and trade deficit
By APThursday, September 10, 2009
Summary Box: Improving economy ups trade deficit
WHAT HAPPENED?: The trade deficit rose to $32 billion in July, the highest in six months. Imports jumped 4.7 percent, the largest monthly increase on records dating from 1992. Exports rose for the third straight month.
HIGHER IMPORTS GOOD OR BAD?: In this case, many economists saw the increase as a sign that U.S. consumer spending may be rising. That’s a good thing, since such spending accounts for 70 percent of the U.S. economy.
BOTTOM LINE: Rising prices helped boost oil imports 3.6 percent in July and could push the trade gap higher this year. But analysts hope that recovering economies overseas will increase demand for American exports and support a rebound in the U.S.
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September 11, 2009: 8:50 pm
Wider trade gap good? They sell us more, we give them more dollars is good? Less production and jobs for Americans and more for China is good? That’s doublespeak. If my competitor sells more than I do I win? Talk about dumbing down America. I think we just hit bottom. It goes to show how wrong Free Trader thinking is. But Wait, . . .If you disagree they yell PROTECTIONIST, . . . . That is, until their profit line dips. Then they become real protectionists, like you’ve never seen, and start looking for the bailout brigade to save their sorry butts. Downsizing, job losses, unpayable mortgages brought America to this point. Be gone you profiteering self-centered sellout free traitors. It’s a new day! Get ready for more patriotic blowback . . . America . . First. . . Last . . .and Always! . . . . HOOAAHH! |
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