[Genryu]

Linky

Treasury Secretary John Snow said during a telephone interview that the deficit was a sign that the U.S. economy was "growing faster than those of our trading partners in the euro zone and in Japan." He added, "The economy is growing, expanding, creating jobs and disposable income and that shows up in the demand for imports."
He blamed America's wealthy trading partners for growing too slowly and failing to buying enough U.S. goods and services. He said that Europeans and the Japanese needed to expand their economies and buy more American products to improve the U.S. trade picture, an issue he said would be discussed at the meeting in London in two weeks of Group of 7 wealthy industrial nations

Excuse me for not knowing too much about economy, but... Isn't blaming other countries for your own deficit a wee bit illogical ?

[Bobboau]

not if you don't want people to know your not doing a good job.

[vyper]

Lmao, why should we be buying yank products if we can help our own economy more by buying local ones? Heh - someone needs to get back to doing his job rather than blaming foreigners...

[BlackDove]

It's the terrorists.

[Taristin]

It's a French Conspiracy!

[diamondgeezer]

Declare war on 'em. Declare war on everybody

__________________
Diamond Geezer is an atheist

[Liberator]

the problem is that they are borrowing money to compensate for the deficit, which doesn't really do anything but make it bigger.

[pyro-manic]

Idiots. I'm not buying American stuff if it's crap, and I can get better stuff cheaper from other places.

[Janos]

I am crossing my fingers and praying that the American economy doesn't collapse.

Weak dollar is already causing grief and sorrow in Europe.

[Genryu]

Originally posted by Raa
It's a French Conspiracy!

And my plan would have worked if it wasn't for you meddling kid !:D

[Gank]

Originally posted by Janos
Weak dollar is already causing grief and sorrow in Europe.

Not here its not.  Intel are building a 2 billion dollar plant for a start.

[Janos]

Originally posted by Gank


Not here its not.  Intel are building a 2 billion dollar plant for a start.

How are your exports doing?

Edit: Exports to US, that is

[Grey Wolf]

Lib, this isn't what they're borrowing money for. This is the trade deficit, not the national deficit.

[Liberator]

It's all part of the same thing though...

[vyper]

This is what happens when China undercuts you.

[vyper]

http://www.forbes.com/business/2005/01/07/cx_da_0107topnews.html

[Gank]

Originally posted by Janos


How are your exports doing?

Edit: Exports to US, that is

http://www.census.gov/foreign-trade/balance/c4190.html

Not that bad, especially when you compare them to 4 years ago.

[Anaz]

eventually someone will realize "hey, we have no trade barriers, but just about everyone else does, so it's kind of ****ing stupid to funnel all of our money overseas, contracting our economy", and we'll start doing the tariff and import quotas and suchlike again.

[Liberator]

no they won't, cause the bloody dems will scream and hoot and holler about how it's unfair.

[aldo_14]

Originally posted by Liberator
no they won't, cause the bloody dems will scream and hoot and holler about how it's unfair.

I believe you mean the WTO?