U.S. trade deficit at new record high.

[dmcowen674]

Originally posted by: XZeroII

Originally posted by: Spencer278

Originally posted by: Witling
XZero, blaming Clinton for the trade deficit is like taking a picture of a car wreck. Yes, that's what you see when the picture was taken, but this has been an event and an increasing trend since long before Clinton. Gee, why not blame Nixon, he opened up relationships with China?

Spencer, a trade deficit is not good for a country. It's like stretching a rubber band. Eventually something's got to give, and when it does, it hurts.

As long as the dollar stays stable and strong then the trade deficit is good. We in effect trade paper for valueable stuff.

*BEEP* WRONG! Lower dollar = better trading = smaller trading gap. Lower dollar means that our products are cheaper overseas and thus people over there are more likely to buy them. Thus we export more.

Your as Bad as CAD, Hannity, Rush and Bush. Your above Formula hasn't worked and isn't going to work given any more time.

 

[PlatinumGold]

Originally posted by: XZeroII

Originally posted by: lozina

Originally posted by: XZeroII
Stupid Clinton and his MFN policy Screwed us royally.

I wonder how long it will take before the anti-Bush crowd starts trying to pin this all on Bush?

Most Favored Nation? Please elaborate how Clinton is at fault for our trade deficit, I'd love to hear this

By eliminating TON of trade restrictions and tarrifs, he basically made the outsourcing of employees a reality. With less tariff money coming in, he also widened the trade gap. He also widened it because it made foreign items cheaper, thus we began using imported items more than domestic simply because they cost less.

what kind of car do you drive??

i only drive domestic.

 

[Zebo]

Originally posted by: charrison

Originally posted by: Zebo
Not large enough if your having to bring in goods from other counties and employ people in those countries not ours to meet demand.

Manufacturing is at an all time high at nearly 40% of the GDP.

linkage

Not bad for a country that does not make anything....

BFD! In related news US population is at an all time high!

The big picture here is when we are a net importer of goods we dilute our funds overseas and employ unessesarly non-tax paying foreigners who are doing the work americans are fit to do rather than drawing unemployment, SS or welfare futher diluting our tax base and tax money not to mention lifestyle.

 

[charrison]

Just heard on the news, the reduced shipments of beef and chicken played a part in trade balance widening on this measurement. Hopefully the madcow and bird flu scare will quickly pass.

 

[biostud]

I would like to buy something in US, unfortunately it cost a sh*tload to get it freighted to Denmark.

 

[Zebo]

Originally posted by: biostud666
I would like to buy something in US, unfortunately it cost a sh*tload to get it freighted to Denmark.

What do you want? Just curious.. US made or you just love our prices..like at newegg?

Edit: I've always thought a good business would be a broker service from the US market to the far corners of expensive europe and austraila. Door to door like.. Unbelieable what you guys pay for things. Plus you can't get moblie bartons

 

[CADsortaGUY]

Originally posted by: charrison
Just heard on the news, the reduced shipments of beef and chicken played a part in trade balance widening on this measurement. Hopefully the madcow and bird flu scare will quickly pass.

Yeah - I heard something on the radio today about Mexico opening back up to some of out meat exports - but still not all yet. I think boneless cuts are open but choice meats are still blocked IIRC.

CkG

 

[sandorski]

Originally posted by: charrison
Just heard on the news, the reduced shipments of beef and chicken played a part in trade balance widening on this measurement. Hopefully the madcow and bird flu scare will quickly pass.

A part, small part though. Probably enough to push it to a new High, but not enough to be a major part of the deficit.

 

[charrison]

Originally posted by: Zebo

Originally posted by: charrison

Originally posted by: Zebo
Not large enough if your having to bring in goods from other counties and employ people in those countries not ours to meet demand.

Manufacturing is at an all time high at nearly 40% of the GDP.

linkage

Not bad for a country that does not make anything....

BFD! In related news US population is at an all time high!

The big picture here is when we are a net importer of goods we dilute our funds overseas and employ unessesarly non-tax paying foreigners who are doing the work americans are fit to do rather than drawing unemployment, SS or welfare futher diluting our tax base and tax money not to mention lifestyle.

So things were better when manufacturing was a smaller part of our economy and when unemployment was higher?

 

[conjur]

Bush's failure to support the ITC's recommendation in several cases isn't helping the trade deficit either:

http://www.tdctrade.com/alert/us0309b.htm

http://www.immnet.com/articles?article=2116

Yet even with the current steel relief program?which in late March was ruled as illegal by the WTO?the U.S. government has provided significant opportunities for foreign producers to petition and receive enforcement exclusions under the law.

Last year 727 steel products were excluded from this safeguard relief, and in 2003 there are already 295 products that have been granted exclusion orders. These actions do not appear to lend much credence to the idea that the current administration is likely to implement more import relief programs.

Recent presidential decisions following other U.S. International Trade Commission (USITC) investigations would seem to strongly support this line of reasoning. In a recent case involving an import relief petition filed under Section 312 of the NAFTA Implementation Act, the president chose not to authorize new import relief measures (despite a commission determination that a surge of imports from Canada and Mexico was undermining existing import relief efforts).

Again, following an affirmative Section 421 import injury ruling involving pedestal actuators, the president once more declined to impose protective relief measures.

While there have not been a sufficient number of import relief cases to truly define Bush?s position on the use of safeguard measures, these two cases should call into question any assumptions that people may have made following the steel ruling. Several trade officials questioned for this story seem to agree that these two cases were more representative of the president?s position on safeguards than was his steel tariff ruling.

There's even a lawsuit filed by Motion Systems of NJ against the White House for failure to follow the recommendations and allowed a Chinese firm that could sell a part at 1/3 the cost of Motion Systems, less than the cost of materials for Motion Systems.

 

[mastertech01]

There is so little today that is solely, completely made in the USA, that I see no way we could have anything but a trade deficit.