The profiteers need to stop running the country's trade policies. The balance is around $800 billion, which would afford Americans a lot of homes, health care and eventually money to reduce the federal deficit. Right now, America has nothing to back credit with. America is not doing anything constructive to eliminate this problem. Infact, they're muffling it out. I'm not against free trade, but I'm against trade used to exploit America's welfare. The American people can do little to defend themselves and at this point compete. It's about a zerosum game and we're supposed to play to win. Links: http://www.telegraph.co.uk/finance/markets/2813630/China-threatens-'nuclear-option'-of-dollar-sales.html http://www.epi.org/content.cfm/indicators_intlpict_20080215 http://www.nytimes.com/external/idg/2008/10/23/23idg-Chinese-blast-M.html http://www.data360.org/graph_group.aspx?Graph_Group_Id=68 http://www.bea.gov/newsreleases/international/transactions/transnewsrelease.htm http://www.census.gov/foreign-trade/statistics/highlights/top/top0810yr.html http://www.america.gov/st/econ-english/2008/December/20081203154212berehellek0.2330286.html
Author: therealcaptobvious
Keywords: obama bush economy subprime crisis foreclosures trade deficit federal deficit balance of payments federal reserve stimulus package bailout manufacturing unemployment depression recession politics
Added: January 11, 2009
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