Here's the problem, the jobs simply are no longer here, the wealth of our nation is literally being sucked out from us. What's left will be concentrated to a few.
Originally Posted by Conservative
US Trade Deficit: How Our Negative Balance of Trade is Harming the Recovery
America has tallied a $6.75 trillion net exports deficit since 2000. No matter your view on American trade policy, $6.75 trillion in reduced GDP cost this country the equivalent of over 3% in annual growth for over a decade and millions of potential jobs.
Net exports are the value of a nation’s total exports minus its total imports one of the components used in measuring gross domestic product.
GDP = C + I + G + Net exports
For decades, economic analysts have disagreed over the impact of net exports on a nation’s financial well being. Some economists believe that a trade surplus creates employment and increases GDP growth. Others believe that the balance of trade has little impact.
America has not had a trade surplus since 1974. The following chart based on data from the U.S. Census Bureau Foreign Trade Division traces the recent history of America’s trade deficit.