Record Exports means a 46% increase in U.S. trade Under Obama

Discussion in 'Economy' started by rdean, Nov 10, 2011.

  1. rdean
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    rdean rddean

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    [​IMG]

    U.S. Exports, Total Trade Reach Record Highs - Seeking Alpha

    The total volume of U.S. international trade activity (exports + imports) reached an all-time record high in September (not adjusted for inflation, BEA report here) of $404 billion, slightly higher than the previous record of $401 billion in July 2011 (see top chart above). Compared to the recession-related, cyclical low of $277 billion of trade activity in May 2009, there has been a 46% increase in U.S. trade, as the U.S. and world economies have gradually recovered from the 2008-2009 recession.

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    News that depresses the Republican Party

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    [ame=http://www.youtube.com/watch?v=OHH0f9S4PsA]Jim Cramer questions GOP hopefuls at debate, then explodes at the stupid - YouTube[/ame]

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    Small thinkers - GOP Debate

    Not our problem.

    Where's big think?

    Anti auto bailout in Detriot?

    Big three? Toyota, Ford, Honda?

    Regulations bad?

    Cramer nails it.
     
  2. rdean
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    rdean rddean

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    "Who built the interstate highway system, who built the Panama Canal, who built the Hoover Dam... hey HOOVER!...Where's the big thinking?!"

    Look at what happened in the country between 2005 and 2007. The government chose to play no role. Unregulated rapacious capitalism lost more people more in the Dow Jones and the S&P than any other thing that occurred!...And MAN I am a capitalist!"

    Jim Cramer after the Republican debate.
     
  3. Stephanie
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    Stephanie Diamond Member Supporting Member

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    Yeah yeah, we KNOW you love you some Guberment.

    They be that GREAT sugar daddy of ALL TIME.
     
  4. expat_panama
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    expat_panama Silver Member

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    Here're exports in 2005$--
    [​IMG]
    --and if we can say Obama cleaned up Bush's mess then we can say Bush cleaned up Clinton's mess and Reagan cleaned up Carter's mess and Eisenhower cleaned up Truman's mess...
     
  5. uscitizen
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    uscitizen Senior Member

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    Imports vs exports is the issue though.

    Seems virtually no one talks about balance of trade any more though.
     
  6. whitehall
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    whitehall Gold Member

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    What the hell are we exporting? Money?
     
  7. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    It's like the football coach that keeps saying how his Offense has improved and meanwhile his Defense is allowing so many points they lose the game.

    I see that Jedi Mind Trick doesn't work on you! :lol:

    United States Balance of Trade
     
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    Last edited: Nov 10, 2011
  8. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Yes! The Federal Reserve is:
    Foreign Banks Tapped Fed
     
  9. likeabird03
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    likeabird03 Active Member

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    Yeah too bad imports actually increased faster than exports, resulting in a trade deficit that's far higher now than at the end of the Bush Admin. Meaning: A net negative for this country. One step forward and two steps back!
     
  10. expat_panama
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    expat_panama Silver Member

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    No, it's not 'far higher'. How about we look at the numbers first, and say what they are after:
    [​IMG]
    First, the trade balance now is the same it was when Bush left office. Second, the trade balance was 'worse' back when we had jobs and it's 'better' now with people out of work. The only way to hate a big trade deficit is to hate working.
     

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