No.
Huge trade deficits are bad because we are spending more money than we are taking in. What happens when someone spends more than they earn?
We earn, GDP, $13 trillion a year. Do you think we're "spending" more than that on imports?
When we import more than we export, it affects the average worker here in the US.
You keep making these claims, but you can't walk thru step by step to show how. We've had a trade deficit for decades. How long does it take? LOL!
If we don’t have a buyer for a product, the worker loses his/her job producing that product.
Our unemployment rate is 4.5%. Lower than when NAFTA passed. If these bad effects you blame on NAFTA were really there, why wouldn't unemployment be higher?
Now, you tell me why trade deficits are good for America?
I never said they were good. I've seen no proof that they are bad. And you haven't shown me any.
Japan and Germany had had huge trade surpluses for decades and compared to ours over the last 18 years, their economies have sucked. If deficits are bad, surpluses must be good. Right? LOL!
No, I don't think we are spending 13 trillion on imports. I don't have any stats, but we are definitely spending money. We need to recoup some of that money. Makes sense to me, considering how much money goes to welfare and aid overseas.
You keep making these claims, but you can't walk thru step by step to show how. We've had a trade deficit for decades. How long does it take? LOL!/i
Claims? It's common sense. Of course it affects the average worker. Goods just don't materialize out of thin air. Ask a factory worker about that. The World Bank owns us, and a lot of other countries. They'll be calling in their markers one day. LOL. Har har har.
Our unemployment rate is 4.5%. Lower than when NAFTA passed. If these bad effects you blame on NAFTA were really there, why wouldn't unemployment be higher?
I know for a solid fact that unemployment stats are completely bogus. How do I know? Let me count the people we know who are off the unemployment rolls. Once you're off, you don't count. Period, end of discussion. In my neck of the woods, there are no cans or bottles by the side of the road. Why? Because all these people who are "employed" are gleaning anything they can sell. We recycle anything we can get our hands on. Gas prices have buried one couple we know. They made a living taking scrap metal and recycling it. We lost contact with them several months ago :( They're unemployed. They don't count. 4.5 my rear end. NAFTA is not helping our fellow citizens. I can't blame this asinine treaty for blatant false statistics, though. I can blame it for helping to funnel jobs out of this country.
Do Japan and Germany operate with fiat money? We do. Running out of money? No problemo, just print more. You think this is funny? Just wait until we get hit with another round of Carteresqe inflation. Yipppeeeee, LOL.
To me a trade surplus means that we sell more than we have to take in. It's called making a profit. I'm sorry I don't have some college degree, and can't oblige you by a step by step analysis, but I'm just a housewife, and I'm madder than a wet hen over what is happening to my country. How are my children and grandbabies going to survive? Suck off the government teat because some assholes in Washington sold our birthright? Screw NAFTA and screw that damn corridor!
Don't mean to turn this into a rant, but I'm not rich, and not even middle class. Apparently I have a different perspective than you do.