Skip to comments.The Untold Story of the U.S. Trade Deficit: Rising Exports [An Industrial Export Rebound]
Posted on 02/17/2011 2:18:01 AM PST by expat_panama
The U.S. trade deficit grew to $497.8 billion in 2010, but that number is actually somewhat deceptive. In fact, the nation's manufacturing sector posted significant continued export gains last year.
An Industrial Export Rebound
The real story in the international trade arena is the U.S. manufacturing sector's ongoing impressive export performance.
Led by increases in industrial equipment, capital goods, civilian aircraft, supplies and autos, exports of U.S. goods increased by by 20.8%, from $1.07 trillion in 2009 to $1.29 trillion in 2010. Products such as electric utility generators produced by General Electric (GE), commercial airplanes manufactured by Boeing (BA), and tractors and other agriculture equipment produced by Caterpillar (CAT) and Deere (DE), among other heavy-industrial equipment, were at the forefront of the uptrend.
After bottoming out with a monthly total of $84.2 billion in January 2008, during the financial crisis' acute stage, goods exports have risen essentially continuously for two years, and totaled $116.6 billion in December 2010. Given strong GDP growth in the industrial goods purchasing nations of China, India and Brazil, among others, the rising U.S. manufacturing export trend will extend through 2011, and probably for considerably longer.
It's also worth noting that the strong international performance by U.S. manufacturers occurred in advance of the full implementation of President Obama's National Export Initiative, which is aimed at doubling U.S. exports by the end of 2014. Doubling U.S. exports in three years is a long shot, but the initiative should provide an additional boost to exports, due to the program's increased marketing of U.S. goods and services in foreign countries, among other benefits.
(Excerpt) Read more at srph.it ...
Me too, then again sometimes it’s nice to take a break from exporting US mfg goods and get a few laughs on the FR hearing all the clowns say America never makes or exports anything.
Dennisw hasn't irritated me yet...maybe I haven't been on many threads with him.
When he irritates me, I'll say something.
Please add me to your ignore list.
Yeah, when idiots say the same stupid stuff, I'm always correcting them, over and over.
(I probably should have continued to ignore you)
Smartest thing you've said today.
You've been on the list...
One thing we apparently still make here:
I prefer your condemnation to your suckin' sympathy,
Baby, good for nuthin' is good enough for me.
I have to get a haircut now. You cute little boys continue without me.
Seems that most of what’s reported in the news is bad even though most things happening are good. I pretty much ignore the standard news when I’m getting a handle on what’s up, and I only pick it up when I want to skip 99.9% of the world and focus on just the 1/10th of a percent that’s trying to kill me.
Don’t forget to have them shave the inside of your palms.
To the logic deprived and the reality derived:
It is great that we are exporting more but we are importing even more than that so the trade deficit widens
You are patting yourself on the back for only looking at half the equation
I am amazed, continually amazed, at the gross ignorance of FReepers when it comes to exports. We have huge exports.
Were it not for exports, we would have no economy. When you get down to it, if exports and the direct related jobs were not present, the tons of indirect jobs would be gone. Then those that depend on the overhead supported by the exports would be in jeopardy.
There is always whining and moaning about manufacturing. the truth is we have hordes of small companies that make all sorts of very special products with technology others don’t have. Customers come from all over the world, that is all over the world, to buy from these companies.
I understand there is no way to understand the magnitude of the exports without serious study or hands on experience. Bottom line is that the ignorance will survive because it takes too much effort to learn enough to be enlightened.
Donald Trump is clearly what libertarians call a corporatist( I call corporatist-statist ) , He loves government funded bailouts, Bush-Pelosi and Obama-Pelosi stimulus's and illegal (amnesty) cheap labor paid for by our property taxes. He doesn't like higher taxes on himself or his investments, doesn't like competition on his investments. He is for his $$$$.
Sort of like H. Ross Perot, if you think about it . . . .
Well Ross gave a appearance of insanity that Trump doesnt, but there are similarities. In 1992 Ross did everything he could to get Bush to lose, attacking Bush only in race. Then early 1993 he turned against Clinton sharply (fun to watch.)
Trump supported Obama’s policies and the Obama-Pelosi stimulus in early 2010, but later in 2011 acted like he was really a Republican that opposed them (taxes and regulations maybe?)
Maybe Trump followers think Trumps advice will make them money like him. Trumps advice will make Trump money. Want investment advice?? Try Jim Rogers, he doesn't pose a Savior of the USA.
Sorry, I mean : “Trump supported Obamas policies and the Obama-Pelosi stimulus in 2009 but..”
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