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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (17144)	5/3/2009 9:08:52 AM
From: jim_p	11 Recommendations Respond to of 50210

Imports fell more than exports last quarter, mainly due to oil prices. The net trade deficit was only about $26 billion last month. Falling prices in imports, and especially oil, actually added about 3% annualized to the GDP number. Without that boost, the number would have been far more ugly. Energy cost were reduced by $200 million over the last two quarters and taxes were down by $193.5 million. Without these one time items GDP in Q4 and Q1 would be a lost worse then the graph shows. Jim