Definition: Trade Deficit A negative balance of trade, i.e. imports exceed exports.
Bush today:
"There's a trade deficit. That's easy to resolve; people can buy more United States products if they're worried about the trade deficit. "
He said this after this:
"He(The Italian Prime Minister Silvio Berlusconi) expressed his concerns about the relationship between the dollar and the euro. I told him we're going to take this issue on seriously with the Congress. The best thing that we can do from the executive branch of government in America is to work with Congress to deal with our deficits. One deficit is a short-term budget deficit. Another deficit is the unfunded liabilities that come with Social Security and some of the health programs for the elderly. I told the Prime Minister that Social Security reform will be at the top of my agenda. I campaigned on the issue. I look forward to working with members of Congress to resolve this long-term, unfunded issue, so that the world financiers can take comfort in the fact that this government will address one part of the budget deficit. There's a trade deficit. That's easy to resolve; people can buy more United States products if they're worried about the trade deficit. "
So just from a parse of this paragraph:
Bush believes that that social security(a still well funded policy at least until 2084 last I heard) is causing our trade deficit. WRONG Social Security has nothing to do with international trade.
Bush believes that buying US items in the US will help decrease the trade deficit. WRONG buying products within the country labels them neither imports or exports I refer to the earlier mentioned definition.
Read the rest, it's almost funny enough to make you depressed.
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