Posted on 11/10/2005 10:42:50 AM PST by NapkinUser
The U.S. trade deficit soared to a record $66.1 billion in September after the Gulf Coast hurricanes pushed America's foreign oil bill to an all-time high.
The U.S. Commerce Department announced Thursday that overall imports to the U.S. rose by 2.4 per cent during the month to $171.3 billion, while U.S. exports fell by 2.6 per cent to $105.2 billion.
The soaring deficit, which was much bigger than analysts expected, came as China reported a record global trade surplus of $12 billion in October.
(Excerpt) Read more at ctv.ca ...
Drill in ANWR, Drill off the FL coast, CA coast, Nantucket, Hyanisport, The Hamptons, Sun Valley, Malibu, San Fran, every-freakin-where.
Thank the unions for pricing America right out of the market and paving the way for China to rake in American dollars left and right....but mostly Left.
We are the only people in the world who can afford to buy stuff.
I'm getting a little tired of carrying the rest of the world. :)
Remember, buy Chinese manufactured goods and be certain to buy all your gas, pop and pre-packaged sub sandwiches from Citgo. It's owned by the Venezuelan government.
What a tired and trite response. Unions make up less than ten per cent of the work force and of that number very few are in manfauturing. Most are in teaching and service jobs. It is our bend over and let business ram it to the American citizen attitude by our elected officials that has caused this to happen.
I don't trust business leaders as much as I trust union leaders and I don't trust them at all.
The very great ucla economist Armen Alchian said,"
My golf scores influences the economy more than the trade deficit."
Sometimes the trade deficit is caused by capital pouring into an economy which signifies how optimistic investors are.
Enact the FairTax and the cost of manufacturing in America would drop by 20%. Even with the higher wages left in place.
I'm not pro-union. It goes against free markets to prevent employers from paying whatever a potential employee will accept. But is isn't the only factor in the high cost of manufacturing in America.
To get the same cost reduction from wage cuts as you would with the FairTax, you'd have to cut wages in half.
And purchases would drop enough to force layoffs across multiple industries while the tax-free black market would spiral out of control, thus causing enormous losses in tax revenues which would force legislatures to enact invasion-of-privacy measures to force everyone to produce government-approved receipts for every purchase.
No frickin' thanks.
Gee...nevermind that it's TRUE.
I am running a trade deficit with Wal-Mart.
The U.S. Commerce Department announced Thursday that overall imports to the U.S. rose by 2.4 per cent during the month to $171.3 billion, while U.S. exports fell by 2.6 per cent to $105.2 billion.
"Soared" is the right word. At $66.1 billion, we've surpassed the old record by over $5 billion. That merits the following update graph:
The actual numbers and sources can be found at http://home.att.net/~rdavis2/gstrade.html.
That is until China, Japan and Taiwan cut off our credit.
Agreed. Unions are very weak today. It's a waste of time to slam them. The public sector unions are piratical and strong. But not ye old industrial unions. We have dolts here that cheer when Ford and GM stumble while Toyota and Honda increase US sales- because they hate unions
Good. Then China will have massive unemployment as they'll have no market for their junk. The massive unemployment will cause regime change. The Chicoms know this.
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