Trade

The trade deficit figures for 2005 were released on Friday, showing a record high for the United States - $725.8 billion. That’s a lot of money.

That is the dollars we spent on foreign goods after taking into account the amount that others countries spent buying our goods…not a pretty picture. All those t-shirts and towels at Wal-Mart; the toys, the produce, the tires and the televisions…all from somewhere else. And we wonder why there are so many jobs being outsourced; to India and to China? Because that’s where our money went! Why are wages going down each year? (Unless you’re a CEO, then your wages went up!) So many questions – so little time!