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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (337504)5/14/2007 5:29:14 PM
From: tejek  Read Replies (1) of 1572690
 
As a result, it now looks as if the huge trade deficit, which swelled to a record $765.3 billion last year, could gradually decrease. The trade gap widened in March, mostly because of higher prices for imported oil, but the vast disparity between what Americans import and export is expected to narrow, which would allow trade to contribute to economic growth in the United States for the first time in more than a decade.

I have heard that argument before........I hope it proves correct this time.

Faster growth in Europe and Asia is helping to cushion the blow of a collapsing housing boom that has hampered domestic consumer spending, creating more demand from elsewhere for goods and services made in the United States.

The GOPers on SI can't believe its the rest of the world that's saving the US's butt economically. Like with most things, they are fairly clueless.
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