Week in Review: Responding to Romer, Record Trade Deficit, and More

Posted by smorgante on 02/10/2012

AAM’s Scott Paul responds to Christine Romer on manufacturing.

Our trade deficit with China hit a record $295.5 billion.

An auto parts factory in Pennsylvania is closing.

Steelworker for the Future program was launched in Pennsylvania.

Sen. Debbie Stabenow (D-MI) cracks down on China’s unfair business practices.

1 comment

Overall Trade Deficit Awful

From U.S. Census Bureau--U.S. Trade in Goods and Services--Balance of Payments Basis: the U.S. was in the positive from 1960 through 1970 (earliest years on table June 9, 2011---from 1971 through 2011, ALL YEARS HAD A NEGATIVE TRADE BALANCE except 1973 and 1975. This negative balance, or trade deficit, has grown each year until the 2011 balance was $47 billion which went OUT OF THE U.S. AND NOT ONE PENNY OF THAT MONEY CAME BACK!! I have seen small groups affect policy...we need at least 100 + people who are committed to trying to protect U.S. workers through changing laws....Lisa Rudisill godslisaru@aol.com

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