Wednesday, August 11, 2010

Trade Deficit grew 18% in June

Furthermore.....

"There were 14.6 million people out of work in July" (That is a low number but we will use their numbers)

http://www.examiner.com/x-33202-Newark-Unemployment-Examiner~y2010m8d9-Unemployment-rate-remains-unchanged-in-July

The average US worker makes $41,000.00 a year. http://www.ssa.gov/OACT/COLA/AWI.html

So take the $50 Billion dollar trade deficit (in June) and multiply it by 12 months. That gives a yearly trade deficit of 600 billion.

Divide the 600 billion by $41,000 and you get 14.6 million jobs.

If they ONLY wiped out the trade deficit (Not all trade just the deficit) we would have full employment in the USA.

Now why can't the experts do this simple math and come to the same conclusion.

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