Thursday, November 10, 2005
Its the Economy
|From Bloomberg: |
The U.S. trade deficit with China for the first nine months of the year reached a record $146.3 billion, compared with $114.3 billion at the same time last year.Best bet would be to purchase a more fuel efficient vehicle. AND you could buy American . . . which would mean paying more and not shopping at Walmart. Why would you shop there anyway? Acres of schlocky junk patrolled by sullen clerks . . . Euuwww.
The U.S. and China agreed this week to limit exports of Chinese clothing through 2008. Bush is traveling to Asia as he seeks further trade concessions from China to forestall protectionist sentiment in the U.S. Congress.
Oh THAT should help. He was so successful in S. America . . .
Exports slumped to $105.2 billion in September from $108 billion the previous month.
Ask yourself why it is cheaper. Who are you supporting? This is not a pro-union statement. Some of the best products are produced by American entreprenuers - they are efficient and local.
A different view from WaPo:
The soaring deficit with China has increased calls in Congress for the administration to take action against what critics complain are China's unfair trade practices such as manipulating its currency to gain trade advantages, rampant piracy of American movies and other copyrighted material and state support to the country's textile industry.