Welcome to Laura's Home on the Web
Facebook Twitter
Laura Unleashed
August 22, 2013
The truth about claims of our 'shrinking' trade deficit
Posted by Laura
The Obama Administration announced today that our trade deficit in June had shrunk to $34.2 billion. Woo-hoo! Right? Well, not so fast. This mainly reflects a decline in petroleum imports. Through the first six months of 2012, our trade deficit in manufactured goods was $211.3 billion. Through the first six months of 2013, our trade deficit in manufactured goods was $204.7 billion. So that number has barely moved. (It's moved even less if you consider only China. In the first half of 2012, our trade deficit in manufactured goods with China was $157.4 billion. In the first half of 2013, it was $157.2 billion.)

Oh, and do you remember President Obama's goal of doubling U.S. exports from January 2010 to January 2015? (If you don't remember, don't worry – the Administration doesn't talk much about this goal anymore.) Anyway, they're not going to make it, according to most respected analysts.
08/22/13 9:45 AM
Del.icio.us Facebook Fark Furl
Google Newsvine Reddit Yahoo
<< Back to Laura Unleashed
Freedom Czar Polo All Freedom Czar gear 50% off.
$18.97
Laura 365 Conservative Book Club
Home | Charity | Store | About Laura | Action Alerts! | Video Extra | Laura 365 | Contact Us | Help | Site Directory
Copyright 2002-2014 LauraIngraham.com. All rights reserved.
Terms & Conditions | Privacy Policy | Acknowledgments
This site is Created and Managed by Nox Solutions LLC.