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Originally Posted by MacDaddyPlaya
Nice work spewing your shit, however, you are incorrect. The president and his policies can and do effect the trade deficit. No one is to blame? So your economic theory is that the trade deficit is uncontrolable and since it has been on the rise for the past 15 years just let is spiral to new records every year? There are no policies that can help narrow the gap with China?
I can tell the type of person you are by reply so I don't know why I even bother. Your narrowmind reveals itself in your childish personal attacks.
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So if the President and his administration's policies can effect the trade deficit, then why has every President from Reagan on hasn't been able to control the trade deficit? I'm impartial to Bush but your statement is ignorant.
It spirals every year because oil prices go up. Yes it is difficult to narrow the gap with China because the US consumers have far more buying power. Although they have 2.1 billion people, the majority are in poverty. There is about 10% of its population with decent buying power yet still their buying power is 25% of that of their US counterpart.
America is a nation of materialistic consumers. That's why we are in a trade deficit.