Is the U.S.Trade Deficit Bill Clintons fault also?

Question

(AP) The U.S. trade deficit soared to an all-time high of $725.8 billion in 2005, pushed upward by record imports of oil, food, cars and other consumer goods. The deficit with China hit an all-time high as did America's deficits with Japan, Europe, OPEC, Canada, Mexico and South and Central America. The Commerce Department reported Friday that the gap between what America sells abroad and what it imports rose to $725.8 billion last year, up by 17.5 percent from the previous record of $617.6 billion set in 2004. It marked the fourth consecutive year that America's trade deficit has set a record and was certain to spark increased debate in Congress over President Bush's trade policies. Since mid-2000 the country has lost nearly 3 million manufacturing jobs and Democrats blame the administration's policy of emphasizing free trade agreements. Last year's deficit reflected the fact that imports rose by 12.9 percent last year to an all-time high of $2 trillion, swamping a 5.7 percent incre

Answer 1

US trade deficit is most closely correlated to the strength of the US economy and the value of the US dollar on the foreign currency markets. When both are strong, there will be growth in trade deficits as Americans use their spending power buying foreign goods.

Trade deficits have been increasing nearly every year since 1990. Sharpest increases have occured since 1997, with only a decrease in the deficit occuring in 2001, one of the worst economic years in recent history.

Trade deficits aren't anyone's "fault". They are a macroeconomic byproduct of the overall economy. They did increase by roughly the same magnitude during Bill Clintons last 4 years as they have during Bush's tenure. So they both have roughly the same performance regarding trade deficits. Under Clinton, they went from 100 billion to 400 billion. (300 billion net or 300% increase). Under Bush they have gone from 400 billion to 800 billion (400 billion net or 100% increase).

Answer 2

i assumed this become going to be a satirical remark on people who love accountable Clinton for Bush's blunders, yet lol, wager no longer. human beings worldwide huge don't have much less understand for Clinton because of fact of Lewinsky, in actuality, he's the main usual American discern there is worldwide huge. human beings worldwide huge, from many countries, commonly make relaxing of we individuals for being hypocrites whilst it incorporates intercourse and marriage. they look at our lifestyle, sopping wet in sexual innuendo, from our television shows to commercials and then snicker as quickly as we turn around and act prissy approximately our ethical floor. They dislike us because of fact of Bush's conflict regulations, basic and straightforward. no remember how perplexing you attempt, you may no longer blame Bush's determination making on bill Clinton. President Bush additionally would not look for suggestion from with bill Clinton on his very own failure to capture Bin encumbered, which he promised definitely anybody earlier. you may hate bill Clinton, yet he hasn't been President for over six years, George Bush has. Do your self a want - pass to Yahoo solutions/Britain. Ask this easy question: Did you have greater understand for the USA whilst bill Clinton become President, or now, throughout George Bush's Presidency? you will learn lots from the solutions.

Answer 3

As your research shows Clinton is the blame

You might want to catch the up coming PBS special where they prove that Neanderthals with the same DNA as Clinton caused the ICE AGE..

Go big Red Go

Answer 4

NO that would be the tree hugging liberals fault. Stop buying the crap that they sell. Buy US cars, clothes, food, and goods. Stop trying to save a dime, and support your own.

Answer 5

3 million manufacturing jobs. Most of them poor white uneducated people.

Answer 6

Hate to tell you this, but the trade deficit is $250billion.