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Thread: Obama announces his Candidacy for 2012.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by AdamT View Post
    Except that isn't true at all. Manufacturing and exports have been the strongest areas of this tepid recovery.

    http://www.nytimes.com/2011/05/12/bu...my/12econ.html
    And yet the quoted story contradicts you. It specifically said that our exports are down. Way down. And there is no recovery. Recovery Summer One was a lie. Recovery Summer Two was a lie.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Misterveritis View Post
    And yet the quoted story contradicts you. It specifically said that our exports are down. Way down. And there is no recovery. Recovery Summer One was a lie. Recovery Summer Two was a lie.
    Do you have a reading problem? The graph in the quoted story indicates that exports have been rising steadily since 2009. The article also states: "[e]xports increased to $172.7 billion, the most on records dating back to 1992. A weaker dollar has made American goods cheaper overseas. Exports have also risen because of rapid growth in developing countries. Companies exported more autos, chemicals and agricultural goods in March."

    Now it's true that exports have fallen off the last couple of months, but it remains to be seen if that continues and reverses the nearly three-year trend of increasing exports.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by AdamT View Post
    Do you have a reading problem? The graph in the quoted story indicates that exports have been rising steadily since 2009. The article also states: "[e]xports increased to $172.7 billion, the most on records dating back to 1992. A weaker dollar has made American goods cheaper overseas. Exports have also risen because of rapid growth in developing countries. Companies exported more autos, chemicals and agricultural goods in March."

    Now it's true that exports have fallen off the last couple of months, but it remains to be seen if that continues and reverses the nearly three-year trend of increasing exports.
    I will give you the benefit of the doubt. Perhaps we have dueling quoted stories. The first one, I referenced in my post said the export gap widened because way fewer people are buying our stuff. Here is a small piece from the story, dated 11 August 2011:

    The U.S. trade deficit unexpectedly increased in June to the highest level since October 2008 as a slump in exports exceeded a decline in shipments from overseas.
    And no. I do not have a reading problem. Thank you for asking.
    Last edited by Misterveritis; 08-13-11 at 09:09 PM. Reason: Adding a small quote from the referenced piece.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Misterveritis View Post
    I will give you the benefit of the doubt. Perhaps we have dueling quoted stories. The first one, I referenced in my post said the export gap widened because way fewer people are buying our stuff. Here is a small piece from the story, dated 11 August 2011:



    And no. I do not have a reading problem. Thank you for asking.
    Right, exports have been growing for the better part of three years, but dipped in the last two months.

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    Re: Obama announces his Candidacy for 2012.


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