I think our trade deficit with China is in the neighborhood of $250 billion. I you’re planning on making your numbers up, try to be little more accurate.
You pointed out an error. I should have addressed this as our overall trade deficit, not just our trade deficit with China.
Here is an article from September, 2007. It pegs our trade deficit at around $725 billion dollars.
http://www.fibre2fashion.com/news/association-news/amtac/newsdetails.aspx?news_id=40863
As usual, you’re too cute by half. The issue I was addressing is real, even if it isn’t totally a problem with China.
The issue is, should we be content to allow trillions of multiplier effect dollars escape our economy each year?