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To: Southack
NEWSFLASH! The U.S. GDP is $12,000 Billion per year. $43.5 Billion is therefor only .003625% of America's annual production.

Lets keep our eye focused on the larger side of the pie, shall we...

You're comparing annual GDP to a monthly ballance of trade figure. Right now our annaul balance of trade deficit is approaching 6% of GDP. No country can operate with that kind of deficit for very long without serious economic consequences.

49 posted on 10/19/2003 8:49:52 AM PDT by Orangedog (Soccer-Moms are the biggest threat to your freedoms and the republic !)
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To: Orangedog
"You're comparing annual GDP to a monthly ballance of trade figure. Right now our annaul balance of trade deficit is approaching 6% of GDP."

Let's do the basic math.

Our most recent monthly trade imbalance is $39 Billion. Extrapolated over 12 months would yield an imbalance of $468 Billion.

Divided by our $12 Trillion annual economy would give us 3.9%.

So the most recent government data that we have shows a current trade imbalance of less than 4% per year. Interestingly enough, our overall economy is growing somewhere between 3.3% and 6.5% per year...hardly a trend that is dangerous to us.

52 posted on 10/19/2003 9:52:45 AM PDT by Southack (Media bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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