[dennisw]

All I gotta say is a serious nation does not run 850 billion dollar trade deficits. A serious nation doesn't compound this stupidity by importing even more Chinese crap via Mexico because its West Coast ports can't handle all the ships bringing in Chinese crap for WalMart, Home Depot etc etc etc

[COEXERJ145]

So what should the President do? Declare an embargo like Jefferson did and prohibit any and all trade?

Talk about crashing the American economy for decades to come.

[jveritas]

I am glad that we have Walmart so we can buy a lot of goods and enjoy the best standards of living in the world. Despite all your negativism we have the lowest unemployment rate in the industrial world and our economy not only is the best but it is growing the best in the industrial world. The facts do not support any of your doom and gloom scenarios.

So what if we import more than we export. We consume most of what we produce that is why we need to import a lot. We are the world biggest producer and consumer and that is why the whole world economy greatly depends on us. We are the WORLD.

[Mase]

All I gotta say is a serious nation does not run 850 billion dollar trade deficits.

Does a serious nation run a $850 billion dollar capital account surplus? You do realize that in recent history our trade deficit narrows only during economic downturns. The last trade surplus we had was during a recession.

As for exporting all our manufacturing....Did you miss this discussion?

Factory Orders up 0.7% in May

The slight increase left orders at a seasonally adjusted $399.9 billion in May.

Annualized, that is $4.8 trillion a year in manufactured goods. Our manufacturing sector alone is larger than the total GDP of every other country, except Japan ($5.1 trillion) and with our solid GDP growth we'll surpass them very soon. You see, Japan's economy has been sucking wind for more than 15 years now.....but they do have a trade surplus! LOL!!