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To: NVDave
The point is that the “free trade” crowd hasn’t seen their agenda stand up to the facts and data collected during this downturn.

LOL--good one. The point is actually the opposite: the "free trade" crowd was warning you that if you want the trade deficit to fall you should cause a recession. And the numbers bear them out. Again.

186 posted on 09/13/2009 6:28:19 AM PDT by 1rudeboy
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To: 1rudeboy

That’s like predicting if you walk off the edge of a building, you’re going to fall.

Any downturn in economic activity will result in imports decreasing, and since a huge chunk of the imports are directly consumed by consumers (oil/oil products and Wal-mart crap), it was a pretty easy prediction to make; so my response to this prediction is “Duh, no, *really*?”

Here’s something the free trade mob didn’t predict: that our current account deficit, plus absurd Keynesian spending during a recession would lead to our trading partners calling for the US dollar to lose reserve status.


189 posted on 09/13/2009 7:34:15 AM PDT by NVDave
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