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rdean
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The U.S trade deficit with China today is 28 times larger than it was during the Reagan era, according to new figures released by the U.S. Census Bureau. That daunting deficit has grown by 18 percent per year since China first entered the World Trade Organization in 2001.
Census figures now show $103.8 billion in U.S. exports to China during 2011, and $399.3 million in imports, a stunning $295.5 billion difference.
Pauli has clearly never heard of inflation. If he had, he would know that the trade deficit with China has hit many an "all-time high" because that's what happens over time with inflation. This is why it's better to compare it to GDP and use that number. But of course, Pauli doesn't want to do that. Why?
2011 Annual Trade Deficit 3.7% of U.S. GDP, China Goods 2% | The Economic Populist
Because then he would have to admit that we've actually been in worse situations.
So seven of the worst 8 years were during the Bush Administration? When Republicans held both houses? Kinda figured that. All the disasters of the last 10 years can be traced right back to those six years. No denying that.