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To: Cringing Negativism Network; ilgipper
MASSIVE trade deficit

Sounds so ominous..."trade deficit".

I'm not sure many who try to use "trade deficit" as a scare tactic against free trade and for higher tariffs really get what a "trade deficit" is.

Everybody runs their household with a "trade deficit" which simply means you bring in more goods than you send out. Nothing wrong with that.

What about Hong Kong, a tiny little nothing on the edge of a tiny little rocky peninsula? Do they run "trade deficits"? Of course - they have no natural resources. Then why is it a place that creates such wealth? Because government interference with the economy was taken out of the way and the free market economy and free trade did what it does best: create wealth.

The issue is exactly what Reagan said it was: government interference in the free market isn't the solution, it is the problem.

45 posted on 08/02/2014 8:53:05 AM PDT by PapaNew (The grace of God & freedom always win the debate over unjust law & government in the forum of ideas)
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To: PapaNew

Last year America bought 440 billion or so, from China.

Last year China bought just 122 billion or so, from America.

Our bilateral trade deficit, is massive. 318 billion or so, every single year.

America needs to bring back American businesses.


46 posted on 08/02/2014 8:57:34 AM PDT by Cringing Negativism Network (http://www.census.gov/foreign-trade/balance/c5700.html#2013)
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