Top Ten Trade Deficit Partners!

Discussion in 'Economy' started by GHook93, Jan 11, 2013.

  1. GHook93
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    GHook93 Aristotle

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    This is as-of Nov 2012


    Saudi Arabia and Venezuela are some what understand because they are our #2 & #3 source of oil. Canada is somewhat understandable, because they are out #1 source of foreign oil and they have a much smaller population, but we share a border with them we should be exporting more items to them.

    What is happening with China, Germany, Japan, South Korea and Mexico is UNACCEPTABLE!!!

    CHINA: The deficit with China is $300 BILLION YTD! Why do we let them rape us like this. We are in a trade war with them, only problem we are not fighting it, but they are!

    MEXICO: Prior to NAFTA we had a surplus with Mexico, now our deficit is spinning out of control and it's laughable. Soon we will be sending illegal gringos South of the border to get work!

    JAPAN and GERMANY: How can it be? Both have high salaries, high standard of living and costs similar to ours? Yet they seem to sell us crap but not the other way around!

    SOUTH KOREA: New comer to the list. Yes we signed the increase the deficit deal with SK! Working just like we thought it would. They kept up their trade barriers with us and we removed the few we had with them. 2013 they will be right behind Canada on the list!

    This is sick and disgusting and this is an Obama thing! This has been going on for decades and was put into over-drive by Clinton. He signed NAFTA, he removed the trade barriers with China and he helped propel China into the WTO.

    Right now the manufacturing sector makes up 9% of work force, true we still produce 18.2% of the world's goods in dollar amount, but the workforce is too small. Healthy for developing countries like China and Russia should be 40%+, which both are, but for industrialized countries like ours, 25%+ is the mark, we are less than HALF of that and shrinking!
     
  2. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    a little Econ. 101 for you. When we buy goods from other countries we buy them with dollars. They must spend those dollars in the USA so there is no trade deficit really!!
     
  3. L.K.Eder
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    L.K.Eder unbannable non-troll

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    vee haf our wayz.
     
  4. Supposn
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    Supposn Senior Member

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    GHook93, I’m a proponent of a USA global trade policy based upon Import Certificates.

    I recommend the proposal because:
    It is of no net federal budget expenditure; all of the proposal’s direct expenses would be entirely borne by U.S. purchasers of foreign goods.
    It is not applicable to the value of specifically listed scarce or precious minerals integral to the globally traded goods and (other than the exclusion of such minerals), the proposal’s of general advantage to any USA enterprise that competes or aspires to compete with foreign goods within or beyond our nation’s borders.

    It behaves as a subsidy of USA exports.

    It does not favor or in any manner discriminate between foreign nations.

    It is a unilateral proposal that would decrease our trade deficit and increase both our GDP and our median wage more than otherwise regardless of any domestic or foreign perpetrators of mischief. This proposal grants government no discretion of policy; assessing the approximate value of goods is a technical rather than a policy determination.

    Refer to the topic
    http://www.usmessageboard.com/econo...-significantly-reduce-usas-trade-deficit.html

    Respectfully, Supposn
     
    Last edited: Jan 11, 2013
  5. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    why be a liar??? Why not say you are a liberal for a Smoot-Hawley depression inducing tax on imports to protect American industry from competition and thus insure its continued decline!!

    See why we are 100% positive a liberal will be slow, so very very slow!!
     
  6. Toddsterpatriot
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    Toddsterpatriot Gold Member

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    all of the proposal’s direct expenses would be entirely borne by U.S. purchasers of foreign goods.

    Yes! We can fix our economy by making our purchases more expensive! Brilliant! LOL!
     
  7. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    but just think, when we get poorer as a result we can raise the import tax still further to further stimulate domestic industry. When that doesn't work we can raise it still further until there is no foreign trade at all and everything will proudly be "made in America."
     
  8. Supposn
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    Supposn Senior Member

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    Toddster Patriot and Edward Baiamonte, if the purchasing power of USA’s median wage were constant and kept pace with that of the U.S. dollar, your messages would be valid.

    Rather than evaluating trade deficit’s affect upon our median wage in U.S. DOLLARS, our concern should be the median number of HOURS required to earn our median wage; (i.e. our median wage RATE).

    There is no validity to your messages.

    Respectfully, Supposn
     
    Last edited: Jan 13, 2013
  9. Toddsterpatriot
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    Toddsterpatriot Gold Member

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    Yes, trade wars always increase our median wage. LOL!
    I'll admit they will probably reduce hours worked.
    Not in the way you mean though.
     
  10. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    so free trade is good and raises our standard of living if median wage is constant????????????????and if it keeps pace with the dollar??????

    What the hell are you talking about?? Do you really think, as a liberal, you are intelligent enough to be here???

    the way to create wealth and make the median wage more valuable is through free trade, of course. The more trade the more wealth. The less trade the less wealth. Imagine if we had to make everything ourselves within the country or within each state. Its so stupid it can only be liberal.
     
    Last edited: Jan 14, 2013

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