Wednesday, April 13, 2005
The Trade Deficit Goes Up-- Again
The article is pessimistic.
The U.S. trade gap surprised many analysts by growing another $2.5-billion (U.S.) to $61-billion, or 4.3 per cent between January and February, the U.S. Commerce Department reported yesterday.
Imports also hit a new high of $161.5-billion, up 1.6 per cent, paced by rising purchases of crude oil, cars, pharmaceuticals and various consumer and industrial products. END QUOTE.
We could produce our own cars and sell them.
We could produce every pharmaceutical we need and distribute them at low costs.
We could produce our own consumer, industrial products. The trade deficit represents the unwillingness of the corporate elites to invest in the American economy and toward improving GDP.
Wealth, they assert, comes from investment and markets. Without production or productive capacity, investment and markets are dead letters.
All we make any more is war.