Our Banner

Our Calendar

Defend the Christians in the Middle East

Defend the Christians in the Middle East
Click to learn how.

National Geographic: Genius

Watch an exclusive sneak peek from the first episode of Genius, starring Geoffrey Rush as the older Einstein and Johnny Flynn as the younger.

Thursday, May 14, 2015

The Bankruptcy of U.S. Trade and Foreign Policy

By PATRICK J. BUCHANAN • 

In the first quarter of 2015, in the sixth year of the historic Obama recovery, the U.S. economy grew by two-tenths of 1 percent.And that probably sugarcoats it.

For trade deficits subtract from the growth of GDP, and the U.S. trade deficit that just came in was a monster. As the AP’s Martin Crutsinger writes, “The U.S. trade deficit in March swelled to the highest level in more than six years, propelled by a flood of imports that may have sapped the U.S. economy of any growth in the first quarter.”

 

The March deficit was $51.2 billion, largest of any month since 2008. In goods alone, the trade deficit hit $64 billion. As Crutsinger writes, a surge in imports to $239 billion in March, “reflected greater shipments of foreign-made industrial machinery, autos, mobile phones, clothing and furniture.”

Read the post at theAmericanConservative.com...

No comments:

Subscribe