FOr those that think the economy is recovering

[Spyntek]

I just happened to listen to Lou Dobbs yesterday and they made an interesting find. For those still brainwashed by Bush, Read

The United States trade deficit exploded to another staggering record last month. The Commerce Department reports the trade deficit widened to more than $48 billion. The report also confirmed two alarming trends. This country has lost its edge in technology exports and rapidly is losing its edge in the services sector as well.

Peter Viles reports.

PETER VILES, CNN CORRESPONDENT (voice-over): The American economy continues to set records, but these are records no one could be proud of, a record trade deficit, $48.3 billion in April. That is five record trade deficits in a row, and oil was not the problem. Oil imports fell. But so did U.S. exports, dropping $1.5 billion from March, all of which means more borrowing to pay for all those foreign goods.

CHARLES MCMILLION, MBG INFORMATION SERVICES: We are now borrowing about a million dollars a minute just to pay for all these imported cell phones and computers and cars and other things, and that has accumulated to over $3 trillion dollars just in the last dozen years.

VILES: The United States runs a surplus in services, but that is shrinking from $64 billion in 2001 to just $51 billion last year, and some economists believe the government is missing the boom in outsourcing to India.

ROBERT SCOTT, ECONOMIC POLICY INSTITUTE: Official data suggests that we import only about $300 million a year in services, imports from India, and yet the Indian statistics suggest that they're exporting several billion a year to the United States.

VILES: Conventional wisdom says the overall trade deficit reflects products such as sneakers, electronics, and toys. Products the American economy doesn't really make, but that is not the case. Autos and auto parts are a bulwark of U.S. manufacturing, but the deficit there is widening. And the U.S. trade advantage in technology is gone. We ran a $3 billion deficit in April in what the government calls advanced technology products.

VILES: And then there is the China syndrome. The trade deficit with China, just under $12 billion in April. It is running 24 percent of last year's pace. Last year was a record 124 billion, running well ahead of that, Lou.

DOBBS: U.S. exports declining, the deficit widening, no advantage in technology, services declining as well. Yet corporate America and this administration and most private economists continue to say, don't worry about the jobs being lost. We'll make it up in technology and high-value jobs.

VILES: It's like the company that loses money and says it will make it up in volume. The trend is worsening.

[caustiK]

there you go again. complain about the trade deficit if you want, but it's nothing new, and it's not bush's fault. even if kerry is elected, there's little he can do about it except restricting trade, and that isn't going to help anybody. you know, there might be a reason most economists say don't worry about it...

[Spyntek]

there you go again. complain about the trade deficit if you want, but it's nothing new, and it's not bush's fault. even if kerry is elected, there's little he can do about it except restricting trade, and that isn't going to help anybody. you know, there might be a reason most economists say don't worry about it...

And again, you fail to read the whole report, did you happen to read this part of it

"The American economy continues to set records, but these are records no one could be proud of, a record trade deficit, $48.3 billion in April. That is five record trade deficits in a row, and oil was not the problem. Oil imports fell. But so did U.S. exports, dropping $1.5 billion from March, all of which means more borrowing to pay for all those foreign goods.

[yoaliens3000]

and do u think if kerry gets elected he can fix it? theres nothing kerry can do either.

[Spyntek]

and do u think if kerry gets elected he can fix it? theres nothing kerry can do either.

At least he will try. Bush doesn't want to do anything that will prove his actions wrong.

[hoyablue]

So what if Kerry wouldn't be able to fix it? The real question is if Gore or Kerry (had he run four years ago) would've CAUSED it.

[Island Dog]

The trade deficit is a minor problem. The economy is improving, jobs are being created, and democrats can't stand it.

WASHINGTON (Reuters) - Strong consumer demand and record gasoline prices pushed U.S. retail sales higher in May and helped propel the U.S. trade deficit to a record in April, a pair of government reports said on Monday.

"Clearly, the consumers are buying everything that isn't nailed down," said Chris Rupkey, senior financial economist at Bank of Tokyo Mitsubishi in New York.

http://www.reuters.com/financeNewsArticle....storyID=5417457

[Spyntek]

The trade deficit is a minor problem. The economy is improving, jobs are being created, and democrats can't stand it.

http://www.reuters.com/financeNewsArticle....storyID=5417457

YOu obviously did not read the article at all. And, it looks as though you don't want to see the truth so you come up with some lame argument becuase you know Shrub's policies are not working

[Island Dog]

I read the article. The President's policies are working because the economy is growing at record paces. You are focusing on one minor problem that, but of course, that's what democrats do.

We have posted countless articles on how the economy is improving, jobs being created, but it doesn't matter because it shows Bush is doing the right thing. You are letting your obsessive hatred for Bush block reality.

[Island Dog]

Understanding the trade deficit has profound implications for our national debate about trade. We cannot reduce the U.S. trade deficit by restricting imports to the American market or by persuading or bullying other governments to lower barriers to their markets. We cannot reduce the trade deficit through government-directed industrial policy, managed trade, or export subsidies aimed at boosting national "competitiveness" (however one defines the concept). And, contrary to the headlines, trade deficits are not necessarily bad news for the U.S. economy. They may even be good news.

http://www.freetrade.org/pubs/pas/tpa-002.html

Whenever the government announces a record, or just a rising, deficit, the media routinely declare the "bad news" that the trade gap has "worsened"--no matter how good the accompanying economic news may be on inflation, employment, and growth. Media reports were typically gloomy in February when the Commerce Department reported a $114 billion trade deficit for 1997, the largest trade gap since 1988. On February 19, the day of the report, Dan Rather announced on CBS News that "the government says the 1997 U.S. trade deficit was the worst in nine years."(2) The same day, Lou Dobbs, host of CNN's Moneyline program, said, "We begin tonight with today's troubling report on trade, a report that showed the nation's trade deficit soared by 24 percent in December."(3) The next day, the Wall Street Journal added darkly that "1998 could shape up to be an even more dismal year for trade than 1997."(4)

[zhangm Supervisor]

Anyone else notice that the Bush supporters are always the first to credit anything "good" to Bush, and the first to start crying foul whenever someone presents some unsavory facts about what he does?

"Yes, gas prices are starting to level off. Must be because of Bush's wonderful leadership, lets kiss his ass some more."

"What? Trade deficit? No, it can't be Bush's fault. Its the damn democrats. They're really commies, you know."

[b3n]

dont let them see that

thats what they say about "us"

lol

[PseudoRandomDragon]

Gas prices leveling off at really f***** high.

[Spyntek]

I read the article. The President's policies are working because the economy is growing at record paces. You are focusing on one minor problem that, but of course, that's what democrats do.

We have posted countless articles on how the economy is improving, jobs being created, but it doesn't matter because it shows Bush is doing the right thing. You are letting your obsessive hatred for Bush block reality.

Again, this was a BI-PARTISAN commision, meaning republican's and democrats. If you read the report, which I don't really think you did, it shows that this is and should be a major concern. Again, if you had read the report, our trade imbalance has caused the loss of manufacturing jobs in this country. When was the last time you walked into a store and found anything manufactured in AMerica. How do you think Wal-Mart can offer their items so cheaply while putting others out of business in every community they infestate. THEY GET MOST OF THEIR **** FROM CHINA. With exports down $150 billion and with a trade deficit with almost all countries, how do you think we pay for all those imports?? ANd why do we now have over a 3 trillion dollar domestic deficit. We are borrowing money, like 1 million a day my most analysts estimates, to pay for all those imports. And who are we borrowin it from, not ourselves.

Additionally, would you trust our high-tech weapons and secrets to China. Well, since they are making most of our electronics, that is what are militiary will be using. How about tanks, missiles, planes. All of which contain electronics made overseas. We are importing these electronics that are sub-standard, made by companies that don't have as stringent a QA policy as our own companies had. DOn't you realize that the US government instead of going for quality parts, goes for the lowest bidder for parts for these military weapons. These low bidders are more likely than not foreigners. You Republican's are now responsible for a threat to our national security. "But don't worry, were right and will always be right even when evidence proves us wrong", your response to any doubters.

Come November, REAL Amercians will take our country back from you greedy ******s. You seem to think that American people are stupid and will blindly follow Bush. Well, I'll tell you, most Americans will not follow someone who is leading you and your fellow BLIND republican's off a cliff.

[Island Dog]

Come November, REAL Amercians will take our country back from you greedy ******s. You seem to think that American people are stupid and will blindly follow Bush. Well, I'll tell you, most Americans will not follow someone who is leading you and your fellow BLIND republican's off a cliff.

Oh how dramatic you are. Yeah, a rich elitist liberal is going to look for the "little guy". What a joke. Talk about a blind follower.

Just like the article I posted. Trade deficits can mean good things. Like every democrat in America you want to focus on a small problem, and totally ignore all the good things that are going on.

shows that this is and should be a major concern. Again, if you had read the report, our trade imbalance has caused the loss of manufacturing jobs in this country.

Manufacturing jobs are on the rise.

When was the last time you walked into a store and found anything manufactured in AMerica.

How about today.

Additionally, would you trust our high-tech weapons and secrets to China.

No, thats why I'm glad Clinton is out of office.

. DOn't you realize that the US government instead of going for quality parts, goes for the lowest bidder for parts for these military weapons.

What world are you living in? Every company in America goes for the lowest bidder. The government is no different.

You Republican's are now responsible for a threat to our national security.

Democrats shouldn't even speak the words "national security". Democrats have left our national security vulnerable for years. Remember, America trusts Republicans to defend their country more than democrats in pretty much every poll. You guys don't have a good track record on national security.

[John S. Veteran]

Additionally, would you trust our high-tech weapons and secrets to China.

Newly declassified documents show that President Bill Clinton personally approved the transfer to China of advanced space technology that can be used for nuclear combat.

The documents show that in 1996 Clinton approved the export of radiation hardened chip sets to China. The specialized chips are necessary for fighting a nuclear war.

"Waivers may be granted upon a national interest determination," states a Commerce Department document titled "U.S. Sanctions on China."

"The President has approved a series of satellite related waivers in recent months, most recently in November, 1996 for export of radiation hardened chip sets for a Chinese meteorological satellite," noted the Commerce Department documents.

These special computer chips are designed to function while being bombarded by intense radiation. Radiation hardened chips are considered critical for atomic warfare and are required by advanced nuclear tipped missiles.

link

Back up now...who are you blaming for trusting China?

[Spyntek]

Oh how dramatic you are. Yeah, a rich elitist liberal is going to look for the "little guy". What a joke. Talk about a blind follower.

Just like the article I posted. Trade deficits can mean good things. Like every democrat in America you want to focus on a small problem, and totally ignore all the good things that are going on.

Manufacturing jobs are on the rise.

How about today.

No, thats why I'm glad Clinton is out of office.

What world are you living in? Every company in America goes for the lowest bidder. The government is no different.

Democrats shouldn't even speak the words "national security". Democrats have left our national security vulnerable for years. Remember, America trusts Republicans to defend their country more than democrats in pretty much every poll. You guys don't have a good track record on national security.

See, just like I figured, you think of MONEY first, consequences later. That is the reason why we are in trouble in the first place. Tell me, why is it that for the past 4 months, foreign investors have DUMPED U.S. stocks back in our market. Hmmm. I wonder

[Spyntek]

And just like I promised

CHRISTINE ROMANS, CNN CORRESPONDENT: Lou, Americans' living standards are falling. They're paying more for food and gas and bringing home less money. Real wages fell again in May and the trend has worsened, even as all those jobs have been created over past six months. When, many ask, will workers get their fair share?

Company profits have soared 62 percent in the past three years. Labor compensation has risen only 3 percent. And that's largely pension contributions, and health care benefits. Take-home pay has fallen. And it's worse the farther down the income scale you go. Lou, last year's pay gains 1.6 percent were the slowest in 40 years. This year is shaping up to be no better. Today, Alan Greenspan acknowledged this, but said he thinks wages will eventually play catchup.

[QuarterSwede]

See, just like I figured, you think of MONEY first, consequences later. That is the reason why we are in trouble in the first place. Tell me, why is it that for the past 4 months, foreign investors have DUMPED U.S. stocks back in our market. Hmmm. I wonder

Give me a break! "you think of MONEY first, consequences later." Why do democrats always cut military/defense jobs? Because it saves American's money. The foreign stuff I have no idea about. The economy is hardly ever one Presidents fault anyway (not even Clinton's). And if it is, it takes years for something to affect it enough to change (as in at least 4 years).

[John S. Veteran]

And just like I promised

CHRISTINE ROMANS, CNN CORRESPONDENT: Lou, Americans' living standards are falling. They're paying more for food and gas and bringing home less money. Real wages fell again in May and the trend has worsened, even as all those jobs have been created over past six months. When, many ask, will workers get their fair share?

Company profits have soared 62 percent in the past three years. Labor compensation has risen only 3 percent. And that's largely pension contributions, and health care benefits. Take-home pay has fallen. And it's worse the farther down the income scale you go. Lou, last year's pay gains 1.6 percent were the slowest in 40 years. This year is shaping up to be no better. Today, Alan Greenspan acknowledged this, but said he thinks wages will eventually play catchup.

ohhh the glooooom and dooooooom of it all, maybe we should all just jump of the nearest high-rise elitist corporate structure...oh, no wait...we're getting a 3% raise this year at work, there's reason to live!!

[Spyntek]

ohhh the glooooom and dooooooom of it all, maybe we should all just jump of the nearest high-rise elitist corporate structure...oh, no wait...we're getting a 3% raise this year at work, there's reason to live!!

Again, you miss the point, and it was a missprint on the part of CNN ( I watched the broadcast) Average income "DROPPED" but .06 percent. IF you don't believe me, watch the re-broadcast of Lou Dobbs tonight at 11 p.m. eastern

[3beanlimit]

Democrats shouldn't even speak the words "national security". Democrats have left our national security vulnerable for years. Remember, America trusts Republicans to defend their country more than democrats in pretty much every poll. You guys don't have a good track record on national security.

Right.........Some real reading is in order. Too much talk radio and too little critlcal thinking...

[John S. Veteran]

Again, you miss the point, and it was a missprint on the part of CNN ( I watched the broadcast)  Average income "DROPPED" but .06 percent.  IF you don't believe me, watch the re-broadcast of Lou Dobbs tonight at 11 p.m. eastern

Sure I believe CNN gathered the companies they wished to compare, so could I and come up with whatever numbers I liked.

FACT: I've made more money each year over the past three years than in any of the previous 17, and we really are getting that 3% increase this year.

and no thanks, I have CNN blocked, don't need any more leftist dribble than what I see all over the net

[Spyntek]

Sure I believe CNN gathered the companies they wished to compare, so could I and come up with whatever numbers I liked.

FACT: I've made more money each year over the past three years than in any of the previous 17, and we really are getting that 3% increase this year.

and no thanks, I have CNN blocked, don't need any more leftist dribble than what I see all over the net

No, that is form a federal report, the same one the reports on consumer confidence, jobs data and weekly jobless benefits claims.

[Spyntek]

Sure I believe CNN gathered the companies they wished to compare, so could I and come up with whatever numbers I liked. 

FACT:  I've made more money each year over the past three years than in any of the previous 17, and we really are getting that 3% increase this year.

and no thanks, I have CNN blocked, don't need any more leftist dribble than what I see all over the net

I am sure you do. Anything the accurately contradicts your BUSH brainwashed mind scares the hell out of you, or BUSH and RUSH tell you "CNN is bad, block it, your Masters tell you to, they spew lies. We are right, no matter what you here"