The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that total April exports of $148.8 billion and imports of $189.1 billion resulted in a goods and services deficit of $40.3 billion, up from $40.0 billion in March, revised. April exports were $1.0 billion less than March exports of $149.8 billion. April imports were $0.8 billion less than March imports of $189.9 billion.Up is not always good news.
The salvation of the nation is to turn items over before putting them in the basket. Then look for where the item was manufactured. Compare. If the US item is obviously inferior, don't buy it. If it is competitive, purchase it. Think of it as a tax to save the economy. Think of it as a way to bring back to Lowell those jobs that John McDonough is always talking about.
Regards — Cliff
Perhaps the most graphic message about our dependence on imports and literal inability to export is the container ships that arrive in our major ports by the dozens....very low in the water laden with all manner of goods...but when they are off-loaded and ready to return "home"....wherever that is.......many of them must take on excessive ballast in order to sail safely.
ReplyDeletePut another way.....our most important export is ship's ballast.
In so many ways, we can thank our Federal government and misguided state and local governments.....aided and abetted by unions and their insatiable hunger for power and finances. That they killed the American automotive industry and to a large extent, our one single opportunity for affordable public transportation...rail....is unquestionable...if not even undebateable.
Sad