Tuesday, April 12, 2005
The Bush Economy Keeps Setting Records...
Remember when we actually used to make stuff here in the ol' U.S. of A.???
The U.S. trade deficit grew more than expected in February to a record $61.0 billion, as the U.S. economy sucked in record imports, the government said on Tuesday in a new report.
The trade gap widened 4.3 percent from January, despite a slight increase in exports to a record $100.5 billion. The monthly shortfall was greater than the median estimate of $59 billion from Wall Street analysts. The unexpectedly large jump in the trade gap is likely to cause analysts to trim their estimates for first-quarter economic growth.
The stock market ain't liking this one bit...
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