On a Fast Track to National Ruin
By Anonymous — Monday, May 11th, 2015
Written by Pat Buchanan In the first quarter of 2015, in the sixth year of the historic Obama recovery, the U.S. economy grew by two-tenths of 1 percent. And that probably sugarcoats it. For trade deficits subtract from the growth of GDP, and the U.S. trade deficit that just came in was a monster. As the AP's Martin Crutsinger writes, "The U.S. trade deficit in March swelled to the highest level in more than six years, propelled by a flood of imports that may have sapped the U.S. economy of any growth in the first quarter." The March deficit was $51.2 billion, largest of any month since 2008. In goods alone, the trade deficit hit $64 billion. As Crutsinger writes... http://www.creators.com/conservative/pat-buchanan/on-a-fast-track-to-nat... |