And for those of you who worry about China, here’s more news on the trade deficit:
EXCERPT:
The US deficit with China fell 6.7 per cent in November from October to $26.9 billion. US exports to China hit a record. The US deficit with China, the largest with any country, is still on track to set another record this year.
The deficit with the European Union dropped 29.4 per cent in November to $10.1 billion. That reflected a big drop in imports from that region, which offset a small dip in US sales to Europe.
Read more at:
http://economictimes.indiatimes.com/articleshow/28522147.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
The fools in this country voted for him, and they got exactly what they were told would be the result.
AND AGAIN FROM THE ECONOMIC TIMES:
A domestic energy boom has boosted exports and lessened America’s dependence on foreign oil. US petroleum exports were up 10.8 per cent through the first 11 months of 2013 compared with the same period in 2012. In that same period, petroleum imports have fallen 11.5 per cent.
Read more at:
http://economictimes.indiatimes.com/articleshow/28522147.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Time to borrow more money and spend more. Increase unemployment insurance to 599 weeks, raise the minimum wage to $26.50/hour, forgive all student debt and fully equip all local police forces to paramilitary status.
A big FRACKING deal.
Americans working less and buying less.