Trade Deficit Hit Record Levels in 2005

[NVMojo]

Washington, D.C. (AHN) - The U.S. trade deficit in 2005 shot up to an all-time high of $725.8 billion, much of which can be attributed to American's love of foreign goods, including goods from China and oil from the Middle East.

A government report recently released shows that the deficit, which has risen steadily since 1991, widened to 17.5 percent last year, which is a record for the fourth year running.

snip...

Democrats say that President Bush's "flawed trade policy" was to blame. Democratic Sen. Leader Harry Reid said in a statement, "Experts all around the world agree that these astronomical trade deficits are not sustainable and threaten to disrupt the U.S. and global economies. This administration has ignored the problem and continues to pursue a trade policy that puts special interests above the interests of American families."

more...

http://www.allheadlinenews.com/articles/7002374838

[Deja Q]

1. 4th year IN A ROW. Where are the freepazoids, who were

blaming clinton incessantly for doing jack shit about the problem too?

Or the dems for that matter?!

[idlisambar]

2. yes, where are the dems?

wouldn't it be nice if there was a major political party in this country that cared about our industrial competitiveness.