I've heard this cliche for decades and I have yet to hear a supporter of NAFTA explain why trade deficits are healthy for the economy.
Fast forward...Donald Trump. Just like Ross Perot's run for POTUS, the media, democrats and republicans spent hundreds of millions of $$$ to bring him down. Unlike Trump, they succeeded.
Listened to Lou Dobbs the other day, “The rest of the world has been living off of our trade deficit”.
Yes! This is a fact. Not only this, but American “multinational corporations” saw the opportunity to take advantage of near slave labor in many countries in an effort to increase their bottom lines.
I truly hope Donald Trump is genuine. Hope he means what he sayz and helps bring about a second industrial revolution to America. It's time we put American workers FIRST!