- Apr 12, 2011
- 3,816
- 761
- 130
Absolutely not! That's an excellent point and I can see how a quick scan would give you that mistaken impression.Are you really trying to argue that importing more goods than we export is good for the economy and unemployment?
Maybe I should have bold/blooded a large font with the key phrase:
...Let's look at the facts...
--and while some people's fetish is honking on a 'trade deficit', the fact's are that--
...A bigger trade deficit means more jobs while a lesser trade deficit comes with higher unemployment, shattered lives, and a weaker America...
So we need to be clear I'm not arguing (or even trying to argue) that trade deficits cause prosperity. I just wanted us to face the hard reality that trade deficits and prosperity do in fact, go together. Sure, one possibility is that prosperity causes a trade deficit and another is that something else is causing both, but I'm digressing.