Trade Deficit

Markets jumped this morning after data was released on unemployment and the trade deficit. The figures are seen as positive by investors, but most Americans would see them as nothing more than "less bad." The United States still has a long way to go before there is any reason to celebrate.

Bio: Economist,
Founder of
Citizens for
Equal Trade

Americans did not sign-up for this, and no longer want any part of these failed policies. Unfortunately, without a highly publicized legal action, true trade reform may be an insurmountable task because of the dysfunctional U.S. Congress.

Democrats in office have stopped asking if this will be a bad year for their party. At this point, it’s almost a foregone conclusion. The question they are asking now is: “Just how disastrous will the election be?”

Bio: Former U.S.
Assistant
Secretary
of Commerce

There isn’t time to enact Balanced Trade Res- toration before the election. But it can be announced as the centerpiece of the Democrats’ plans to rebuild our industry and jobs creation capabilities.

Trade Deficit: The means through which foreign countries are able to own and control our consumption.