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Another Biden Milestone: US Trade Gap the Largest in 15 Years

TigerGrowls

Woodrush
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Well they dont call him China Joe for nothing.


By Jim Hoft
Published December 23, 2021 at 7:25am
los-angeles-port.jpg

Elections have consequences. Stolen elections have catastrophic consequences.
Another Biden milestone. The US trade gap in the 3rd quarter widened to $214.8 billion – the largest deficit since 2006.
So things are working just as you would expect under the Biden regime.
Market Watch reported:
The U.S. current account deficit widened 8.3% to $214.8 billion in the third quarter, the Commerce Department said Tuesday. It is the largest deficit since 2006. The trade gap has widened for seven straight quarters.
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The widening of the deficit reflected a reduced surplus on services, which have been hit hard by the coronavirus. The goods deficit widened in the third quarter.
The deficit has been widening as strong U.S. domestic demand for goods continues to outpace foreign consumption.
Mahir Rasheed, economist at Oxford Economics, thinks the deficit will narrow in the fourth quarter as export growth accelerates.
 
Well they dont call him China Joe for nothing.


By Jim Hoft
Published December 23, 2021 at 7:25am
los-angeles-port.jpg

Elections have consequences. Stolen elections have catastrophic consequences.
Another Biden milestone. The US trade gap in the 3rd quarter widened to $214.8 billion – the largest deficit since 2006.
So things are working just as you would expect under the Biden regime.
Market Watch reported:

the article you posted has this line in it.

The trade gap has widened for seven straight quarters.

Pop quiz: who was president for 4 of those quarters and who was president for 3?
 
the article you posted has this line in it.

The trade gap has widened for seven straight quarters.

Pop quiz: who was president for 4 of those quarters and who was president for 3?
The trade gap widened starting after the china virus attack on our nation nimrod! Trump had it down before then and it had nowhere to go but up when we had to source all those masks and everything else they were using from China.
 
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The trade gap widened starting after the china virus attack on our nation nimrod! Trump had it down before then and it had nowhere to go but up when we had to source all those masks and everything else they were using from China.

oh right right right. This is another thing where Trump gets a pass for covid but Biden doesn’t.
 
oh right right right. This is another thing where Trump gets a pass for covid but Biden doesn’t.
Trump screwed the pooch on Covid by listening to the entrenched bureaucrats. Closing a small part of the country was never gonna stop it but he also had far less information than Biden has had since January. I suppose you think Brandon is doing a good job? Lmao
 
Well I have to stand corrected I guess as China Joe has set up a mobile oval office right out on the west coast at the docks to personally save the supply chain.

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