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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?


To: American Spirit who wrote (6344)3/11/2004 11:41:54 AM
From: Lizzie TudorRead Replies (2) | Respond to of 81568
 
U.S. trade gap reveals chronic ills

Many economists say the widening trade gap is at least partly responsible for the weakness of the U.S. job market. The Labor Department reported last week that job creation came to a near standstill last month, and the economy has lost about 2.2 million jobs since January 2001.
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In addition to the effect on jobs, the trade deficit has also led to a huge increase in overall U.S. indebtedness to the rest of the world. The nation's net foreign obligations, which include debt and the claim on American profits by foreign investors, are equal to more than one-quarter of total U.S. output.
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iht.com