U.S. Monthly Trade Deficit Zooms 5.29% to New Record

AmericanEconomicAlert.org ^ | Thursday, March 09, 2006 | Alan Tonelson

[Willie Green]

Related thread: Trade Deficit Hits All-Time High; Congress Must Act

[Willie Green]

Said USBIC's Tonelson, "President Bush may or may not be giving away the nuclear technology store to India. But these trade figures show that the United States keep giving away the economic store."

Ping

[Toddsterpatriot]

Indeed, the U.S. manufacturing sector took a big hit as well in January.

That's right, we only manufactured $3 trillion worth of goods last year.

[putupjob]

Everything is just fine. We are all well aware that all countries that developed massive foreign indebtedness have always dominated the world economic front throughout history. Nothing to worry about, nothing. Just mark the little R in November, they'll promise to fix it for next time. And then, next time, it'll be 80 billion a month instead of the crappy 65 billion.

[Uncle Miltie]

Just goes to show: There's no good economic news good enough not to rain on.

[hedgetrimmer]

Said USBIC's Tonelson, "President Bush may or may not be giving away the nuclear technology store to India. But these trade figures show that the United States keep giving away the economic store

"free trade" is just another name for global looting of America's domestic economy. Thats all.

[KarlInOhio]

What is keeping the dollar up? The market response to a trade deficit this large is for the dollar to falll relative to other currencies. Since the dollar isn't falling, that means that either the trade deficit is horribly miscalculated (unlikely) or someone is working their butts off to keep the dollar artificially high. Who is it and why are they doing it?

[Fitzcarraldo]

Bush is a social conservative and economic socialist.

[1rudeboy]

I'll remember that . . . if I ever buy a Saab, I'll run here and complain that I was "looted."

[Bikers4Bush]

Excellently put! I may have to put that on a homemade bumper sticker.

[The_Victor]

Zooms 5.29% to New Record

5.29%, wow. I hope they don't start checking my trade deficit with my son's gymnasium, or my daughter's orthodontist.

[CowboyJay]

for later.

[1rudeboy]

Just be sure to place it on an American-made auto . . . otherwise the message will be lost. I suggest a Camry, Accord, Titan, or Z4.

[Bikers4Bush]

Thanks for the suggestions but I think I'll put it on my Jeep instead. I may even make a smaller one and put it on my Harley as well.

[mlc9852]

Isn't it a new record every month?

[1rudeboy]

Thanks for the suggestions but I think I'll put it on my Jeep instead.

You drive a German vehicle? Who would've thought.

[Bikers4Bush]

Nope, mine is pre Daimler. Nice try though, you'll have to do better next time.

[ex-snook]

Another ping along.

Trade means 'we buy from you' and 'you buy from us'. With such a policy Americans would be working in good jobs, our standard of living would increase and China would not be buying out our Government. [the 'downsize' is that political contributing Wall Street companies, who don't claim to be American companies anyway, would be making less money]

Seems like what we have for export is our 'intellectual property' like - "It's Hard Out Here for a Pimp" from HUSTLE & FLOW

[1rudeboy]

"Do better?" Because you drive a Jeep and we've never met? LOL

[1rudeboy]

Seems like what we have for export is our 'intellectual property' like . . . .

Seems?