Current Account Deficit Falls in Fourth Quarter

[ShockediSay]

Source: NYTimes

U.S. businesses sold more industrial supplies, chemicals and farm products in the final three months of last year, pushing the deficit in the broadest measure of foreign trade down for the first time since the spring of 2009.

The current account trade deficit fell 9.7 percent to $113.3 billion in the October-December period, the Commerce Department reported Wednesday. It marked the first drop in the deficit after five consecutive quarterly increases and pushed the trade gap to its lowest point since early 2010.

While the fourth quarter deficit shrank, economists expect that the first quarter deficit will widen significantly, reflecting surging oil prices.




Read more: http://www.nytimes.com/aponline/2011/03/16/business/AP-US-Current-Account.htm

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First Quarter is when Repugs took over, focusing on debbt so their Top Two Percenters (now paying the least amount of taxes since Eisenhower) while 98% of US carry their load.

This article focuses on the quarter before that, when we were in power, when the deficit shrank.

Can somebody get on message and hit them where they live? the crypto-fascist funded propaganda machine !?