U.S. Trade Deficit Swells to Record $55.5B

zulchzulu

(1000+ posts) Send PM | Profile | Ignore

Tue Dec-14-04 09:24 AM
Original message

U.S. Trade Deficit Swells to Record $55.5B

Story

Snip:
America's trade deficit swelled to an all-time high of $55.5 billion in October as imports — including those from China — surged to the loftiest levels on record. Skyrocketing crude-oil prices also contributed to the yawning trade gap.

Printer Friendly | Permalink | | Top

ckramer

(1000+ posts) Send PM | Profile | Ignore

Tue Dec-14-04 09:32 AM
Response to Original message

1. Joe-sixpacks don't seem to care

Or is it their business to care?

Printer Friendly | Permalink | | Top

ixion

(1000+ posts) Send PM | Profile | Ignore

Tue Dec-14-04 10:07 AM
Response to Reply #1

2. As usual, no one will care until it affects them

and that applies to everything from the unPATRIOTic Act to the trade defecit, IMO.

I call it the 'idiot light' culture, named after the lights on cars that come on AFTER a critical problem exists, rather than before.

Printer Friendly | Permalink | | Top

leesa

(1000+ posts) Send PM | Profile | Ignore

Tue Dec-14-04 10:35 AM
Response to Reply #1

5. The football games are still on teevee. All's right with the world.

Printer Friendly | Permalink | | Top

Deja Q

(1000+ posts) Send PM | Profile | Ignore

Tue Dec-14-04 10:08 AM
Response to Original message

3. But that's okay, the falling dollar will convince more foreigners to fly

on over to the Maul of America and pick up some great deals, not realizing that little ol' Rosedale just 15 miles away has lower prices all 'round. :eyes:

Printer Friendly | Permalink | | Top

SpiralHawk

(1000+ posts) Send PM | Profile | Ignore

Tue Dec-14-04 10:31 AM
Response to Original message

4. Thanks a pantload, mR. Bush

This is yet another thing you have screwed up royally.

You're a fiscal conservative? Hah Hah Hah. How amusing.

Printer Friendly | Permalink | | Top

xchrom

(1000+ posts) Send PM | Profile | Ignore

Tue Dec-14-04 10:59 AM
Response to Original message

6. lol

i'm laughing 'cause somebody around here on another thread was defending the american economy as being groovy.

Printer Friendly | Permalink | | Top

klyon

(1000+ posts) Send PM | Profile | Ignore

Tue Dec-14-04 11:10 AM
Response to Original message

7. Deficit no Imbalance yes

The trade deficit is the difference between American stuff sold in the world and stuff Americans buy in the world. Who cares?

What we need is an economy that provides good jobs so Americans can buy stuff American and foreign. We need high tech jobs that pay good wages.

Devaluing the dollar to improve the trade balance is folly. We should keep the dollar strong and pay off our real debt, which is a deficit in funds.

The world is financing our spending and will have to be paid back with interest.

Trade deficit = smokescreen

KL

Printer Friendly | Permalink | | Top

DU AdBot (1000+ posts)

Fri Apr 19th 2024, 01:25 AM
Response to Original message

Advertisements [?]

Top

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.