# 63 Trade deficit grows.
Bush's policies catering to Communist China are primarily responsible for this surprising worsening just when the experts thought it would start to improve. Just wait until NAFTA becomes CAFTA and FTAA. The worst is yet to come.
http://www.usatoday.com/money/economy/trade/2005-01-12-trade-deficit-nov_x.htm?POE=click-refer
Trade deficit makes surprising jump, rises 7.7% in Nov.
By Sue Kirchhoff,
USA TODAY WASHINGTON — The trade deficit unexpectedly surged 7.7% to a record in November, as oil imports jumped and exports dropped despite a weaker dollar, which makes American goods cheaper overseas.
The Commerce Department said the trade deficit, which economists had expected to decline from October's $56 billion, instead rose to $60.3 billion.
The trade deficit for the past 12 months is more than $600 billion, about a quarter of that with China.
"We now have the Grand Canyon of trade deficits," says Joel Naroff, president of Naroff Economic Advisors.
http://www.usatoday.com/money/economy/trade/2005-01-12-trade-deficit-nov_x.htm?POE=click-refer
Trade deficit makes surprising jump, rises 7.7% in Nov.
By Sue Kirchhoff,
USA TODAY WASHINGTON — The trade deficit unexpectedly surged 7.7% to a record in November, as oil imports jumped and exports dropped despite a weaker dollar, which makes American goods cheaper overseas.
The Commerce Department said the trade deficit, which economists had expected to decline from October's $56 billion, instead rose to $60.3 billion.
The trade deficit for the past 12 months is more than $600 billion, about a quarter of that with China.
"We now have the Grand Canyon of trade deficits," says Joel Naroff, president of Naroff Economic Advisors.
posted by T.G. at 7:21 PM
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