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To: Cringing Negativism Network
If we export so much, how is it we are running the largest trade deficit in the history of the world?

Because of the consumer base. Our demand exceeds our internal production so we bring it in from outside. China and India, for example, have far more people, but their average consumer spends a microscopic fraction of what US citizens do. A trade deficit isn't necessarily bad if it is because you have a strong consumer base. It makes the world dependent on you.

30 posted on 01/02/2011 9:58:11 AM PST by mnehring
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To: mnehring

“A trade deficit isn’t necessarily bad if it is because you have a strong consumer base. It makes the world dependent on you. “

-

Only until your money is gone...

See also: Gold Diggers.


34 posted on 01/02/2011 10:01:46 AM PST by Cringing Negativism Network (McCarthy was Right.)
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