Sunday, November 15, 2009

Obamanomics does the impossible

Obamanomics does the impossible
"The upside of a falling dollar is that it makes our exports cheaper to foreigners — so we sell more stuff — and a falling dollar makes their products more expensive, so we buy less stuff.
This helps the trade deficit, right?
Not this time.
“Instead, the nation’s trade deficit rose in September by the largest percentage in a decade as U.S. exports grew for the fifth straight month, but imports rose faster, a government report showed Friday.
That trend is likely to continue until the middle of next year, economists said,” the Associated Press reported.
Obamanomics.
It’s as if it were designed by someone who cannot figure out Turbo Tax"

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