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we certainly need something to get jobs up and running because the dollar devaluation plan just isn't working out that well.
we devalued our dollar so the poor citizens have to pay more for their goods, yet our trade deficit INCREASED.
Highlights
The U.S. trade deficit worsened notably, largely on higher oil prices. But there are some positives in the report as well as negatives. The overall U.S. trade deficit in March expanded to $48.2 billion from a revised $45.4 billion gap in February. The March deficit came in worse than analysts' estimate for a $47.7 billion shortfall. Exports jumped 4.6 percent, following a 1.5 percent decline the previous month. Imports rebounded 4.9 percent after dropping 1.9 percent in February.
The widening of the trade deficit was led by the petroleum gap which grew to $31.3 billion from $25.5 billion in February. The nonpetroleum goods shortfall shrank to $29.8 billion from $32.8 billion the prior month. The services surplus expanded somewhat to $13.9 billion from $13.7 billion in February.
Looking at end use categories for goods, the increase in imports was led by a $7.7 billion jump in industrial supplies with $3.6 billion from oil imports. Auto imports rose $2.1 billion while capital goods ex autos gained $1.6 billion. Foods, feeds & beverages were essentially unchanged. However, consumer goods imports dipped $2.0 billion.
By end-use categories, the boost in improvement in exports was led by a $2.5 billion jump in industrial supplies, followed by automotive exports, rising $1.6 billion. Also increasing were consumer goods, up $0.7 billion, and foods, feeds & beverages, up $0.6 billion.
why i think we have been misled about how good dollar devaluation was going to be for us.....
I don't see this as good news. Good news would be major developments in other forms of energy, which would supply at least as many jobs if they got off the ground.
when you have people throwing trillions of dollars around, devaluing your money, increasing gas prices, and increasing the foreign deficit, you really have to ask yourself "is this plan working and should we try something different?"
ALL efforts at energy independence should be welcomed at this point, although i see that obama is challenging coal mine expansion over state rights:
we certainly need something to get jobs up and running because the dollar devaluation plan just isn't working out that well.
we devalued our dollar so the poor citizens have to pay more for their goods, yet our trade deficit INCREASED.
Highlights
The U.S. trade deficit worsened notably, largely on higher oil prices. But there are some positives in the report as well as negatives. The overall U.S. trade deficit in March expanded to $48.2 billion from a revised $45.4 billion gap in February. The March deficit came in worse than analysts' estimate for a $47.7 billion shortfall. Exports jumped 4.6 percent, following a 1.5 percent decline the previous month. Imports rebounded 4.9 percent after dropping 1.9 percent in February.
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when you have people throwing trillions of dollars around, devaluing your money, increasing gas prices, and increasing the foreign deficit, you really have to ask yourself "is this plan working and should we try something different?"
ALL efforts at energy independence should be welcomed at this point, although i see that obama is challenging coal mine expansion over state rights:
i can only guess that this goes back to "environmentalists" (globalists) still wanting to keep us energy dependent.
one step forward, two steps back, and every effort seems wind up in a struggle.
awww, enforcing environmental standards has states upset? how unfortunate.
coal needs to go away. wake up and get the natural gas, wind, and solar going already.
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