Wednesday, August 11, 2010

Trade Deficit grew 18% in June

http://www.reuters.com/article/idUSTRE65M2WK20100811

49.9 Billion dollars left the United States in June never to return.

This is why all the stimulus doesn't work. The government pumps the money in and it all goes to China. They pump more in and it too goes to China. Then all the experts scratch their heads and wonder why the situation isn't improving. Gee I wonder......

"The deficit was wider than any of the 67 Wall Street forecasts collected before the report." 67 experts and not one of them could figure this out. Why are they experts exactly?

Out of the 49.9 Billion dollar deficit 32.9 goes to Communist Red China.

Protectionism would fix all this. Too bad the "experts" aren't smart enough to figure it out. Maybe it will magically fix it's self. Lets all just sit around and continue to wait for it. Maybe Pigs might fly someday too.

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