February 14, 2008

WELL, NO ONE EVER ACCUSED THEM OF UNDERSTANDING ECONOMICS:

U.S. trade gap narrowed in 2007 (The Associated Press, February 14, 2008)

The Commerce Department reported Thursday that the deficit dropped to $711.6 billion last year, a decline of 6.2 percent. [...]

The country's trade performance is expected to be a major issue in the upcoming presidential campaign, with Democrats arguing that the huge deficits have contributed to the loss of more than 3 million manufacturing jobs since 2000 as U.S. companies moved production to low-wage countries such as China.

Posted by Orrin Judd at February 14, 2008 12:11 PM
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