Record Imports Widen U.S. Trade Gap

Record Imports Widen U.S. Trade Gap
Thu November 13, 2003 08:31 AM ET

WASHINGTON (Reuters) - The U.S. trade deficit widened in September to $41.3 billion, as the strengthening U.S. economy propelled imports from China and the rest of the world to record levels, the government said on Thursday.

The trade gap was slightly larger than the mid-point estimate of $40.5 billion from analysts surveyed before the report. The deficit widened for the first time in six months as surging imports outstripped the biggest increase in exports in over three years, the Commerce Department said.

Imports of goods and services totaled $127.4 billion. The 3.3 percent jump was led by higher imports of cars, auto parts and capital goods, including computer accessories and civilian aircraft. Imports of services also set a record at $21.1 billion. <snip>

And how much has shrub paid attention to...or put forth any reasonable action plan to change this?

It's all terra....

is also due to the intentionally weakened dollar. For example, the dollar is worth 9% less vis-a-vis the yen than it was just two months ago.

At one time a world wide $100 billion problem called for action - now we have one country causing that size a problem.

But it will be 1 to 2 billion less now that China signed on for 30 Boeing aircraft plus engines. So the next China visit should be all smiles in the next few weeks as Bush demonstrates his mastery of the economy, citing that great Boeing sale!

:-)

...for the first time since the 1930s.

we are going to hava a growing sustained economy, creating jobs ,while running huge trade and budget deficits as this.

There's 7.2% growth in La La Land.

off so much stuff that makes sense it scars me. Like who's buying the U.S. Treasuries and who used to and why they stopped and who's being forced to buy them and what that's going to do to the U.S. since we don't have a manufacturing base anymore.

And Malaysia/Indonesia looking to use the gold standard in oil exchanges instead of the US dollar. And Russian/Putin wanting to change to the Euro for payments instead of the US$. And why not since most of their business will be with the European Union since every leader in the world wants nothing to do with the Fascist Christian GOP America. Friend say Bush is pushing the world break away from American business. And US dollar holds a false position because it's the only international currency but if that changes the poo poo will hit the shoe shoe.

And when something happened, forgot, that's when the European markets stopped buying into/investing into America...

And our military is way over extended. He can rattle off, history, numbers of troops used by most countries during their imperial quests and the number of dead... it's always in the 10s of thousand when dealing with Middle East/African countries.

He knows more about the people who have/are funding the conservative think tanks in America than Wolfowitz knows. And how the think tanks made a plan in the 70s to destroy the public school system and social security.

He says Putin is no idiot and not a traitor. Putin arrested Khdorkovksky because Putin wants Russia to be run by Russians and not Americans.

rambling...

In conclusion, with the trade gap, high debt, dying manufacturing, no one financing our debt, high costs (insurance, medical), lack of jobs, and now what Bush has done for Americas world opinion... things don't look so good for the future.