USA's trade deficit rises to second highest level this year

[lovuian]

http://english.pravda.ru/news/business/12-07-2007/94886-trade-deficit-0

America's trade deficit rose to the second highest level this year, reflecting higher prices for foreign oil and a continued appetite for Chinese products despite this year's recalls of tainted products.





The Commerce Department reported that the deficit for May rose to $60.04 billion (EUR 43.55 billion), up by 2.3 percent from the April level. Most of the increase reflected a big jump in energy imports, which climbed to the highest level in nine months.
more...

I see a financial Market Perfect Storm coming
Its incredible that this trade deficit is 233 Billion Amazing
and yet Congress and Republicans yell Open trade Open trade
they are MAD

[BlooInBloo]

1. Cmon guys! We can get to the HIGHEST level! We don't settle for 2nd best! USA! USA! USA!

EDIT: Subject typo.

[lovuian]

3. lol

:rofl: Ya we can do it
and they wonder why our economy is tanking

[SammyWinstonJack]

4. LOL!

:banghead:

[Elwood P Dowd]

2. 60 billion a month is low. It was almost 70 billion a month last year.

The only reason it might be falling is.......the American consumer is fucking broke and can't buy as much Chinese junk or Bush Crime Family oil as in the past.

[Traveling_Home]

5. You're a Month late.

The US had a surplus in June 2007.

"Thursday, July 12, 2007

By MARTIN CRUTSINGER, AP Economics Writer

WASHINGTON — The federal deficit is running sharply lower through the first nine months of this budget year as the growth in revenues continues to outpace spending growth.

The Treasury Department reported Thursday that the government ran a surplus of $27.5 billion in June, up sharply from the $20.5 billion surplus recorded in June 2006. The government normally runs a surplus in June, a month when individual taxpayers and corporations make quarterly payments to the Internal Revenue Service.

With the June surplus, the total deficit through the first nine months of the budget year, which began Oct. 1, is $121 billion, down 41.4 percent from the same period a year ago, when the deficit totaled $206.5 billion."


Sorry :shrug:

[Elwood P Dowd]

6. That's the budget deficit, and the numbers are cooked.

There are billions listed as "off budget" now that are not included. Bushitler and his band of crooks and cooks know their cooking.

[lovuian]

7. oops

Its amazingly large and keeps getting larger and larger