US Trade Deficit Widens

The US trade deficit widened more than the expected $31.7B to $36.5B, an 18.2% increase in September.  That is the biggest deficit since January when Barack Obama took office.  It is %15 worse than most economists expected.

Part of the reason is the greater demand for imported energy (i.e., oil) and foreign cars.  What?  People are buying foreign cars after Obama and the Socialist/Democrats made everything all better for the US auto industry by bailing them out with tens of billions of dollars?  Yep

US exports have been rising since May.  Is this good news?  Well, that must mean that there is more productivity and jobs abroad so the rest of the world must be getting better.  The US of course just lost another 502,000 jobs last week to bring the Obama tally to 4 million lost jobs despite his Socialist Stimulus.

Also, Obama’s Socialist Stimulus and monetary policy have destroyed the value of the dollar.  The result is that American goods are cheaper for the rest of the world to buy which also factors into explaining why exports were up.

So the trade deficit is huge and the rest of the world is pulling out of the Chris Dodd – Barney Frank recession and Americans continue to lose millions of jobs and see the value of their money race towards zero.

Great work Barack!