The problem which both parties share is that our manufacturing seed corn has been exported to the world. Trade means we buy product from you and you buy product from us. Trade is not we buy product from you and send jobs, factories and Treasuries in return. Clinton started it, Bush put it on steroids and Obama continues it.
Look at the products you buy and see where they were made, that’s where the jobs went. We have to make more of what we import or only Wall Street will recover.
We started running trade deficits each year in RR’s first administration. Actually 1976 during the peanut farmer’s presidency but RR didn’t seem concerned about reversing it and they got more entrenched under RR
“In 1975, U.S. exports had exceeded foreign imports by $12,400 million, but that would be the last trade surplus the United States would see in the 20th century.”