Archive for trade deficit

June trade deficit narrowest since ’09, exports hit record high + VIDEO: Budget deficit shrinking #BlameObama


chart maddow budget deficit 2013 shrinking

Via a Fox Biz email alert, so you know it's true, right?

The Commerce Department reports the U.S. trade deficit fell to $34.22 billion in June from $44.1 billion in May, much smaller than the $43.5 billion deficit economists expected. Imports slid 2.5%, while exports jumped 2.2% to a record high.

President Obama is the worst socialist ever. It's clearly because of his Marxist Kenyan gay upbringing which, of course, drove up the ENORMOUS budget deficit!

Oh wait:

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Eric Cantor:

What we're trying to do is fund the government and to make sure also that we take away the kinds of things that are standing in the way of a growing economy, of better health care, and all the while keeping our eye focused on trying to deal with the ultimate problem which is this growing deficit.


"Our ultimate problem, which is this growing deficit." The deficit is growing. Do we have a growing deficit? Is that true or false? False.

Republicans love the idea that our Democratic president is so spend happy that he's driving up our nation's budget deficit! That the a difference between what our government takes in and what it spends is getting worse, the deficit is getting bigger! That is not at all true.

Look, the first bar here is 2009, that's President Obama's first year in office. That's what he had on his hands when he came into office, what he got handed by the outgoing Republican administration.

Then the next three bars are 2010, 2011, 2012 and the final bar, the teeny tiny one, little shorty there, you might miss it on the right, that's the projected deficit for the end of this year.

Notice that the bars are getting shorter? Which means the deficit is getting smaller. You see, when things were once long become less long, they are not growing. It's amazing, right?

Eric Cantor, you are incorrect.



U.S. September trade deficit narrowest since December 2010, unemployment benefits fall


Via an email alerts from Fox Biz:

New claims for unemployment benefits fell to 355,000 last week from 363,000 the week prior. Claims were expected to rise to 370,000. A Labor Department analyst says superstorm Sandy depressed claims in at least one state and resulted in an increase in claims in others.

The U.S. September trade deficit narrowed to $41.55 billion -- the narrowest since December 2010 -- from a downwardly revised $43.79 billion in August. Analysts were expecting the deficit to increase to $45 billion from a previously reported $44.22 billion.


Jobless claims fall, trade gap narrows, foreclosure rates up by smallest amount in 4 years


Scream it from the rooftops people!!

(Reuters) - The number of U.S. workers filing new applications for unemployment benefits fell slightly less than expected last week, hinting at a slow labor market recovery.

Initial claims for state unemployment benefits slipped 6,000 to a seasonally adjusted 462,000 from 468,000 the prior week, the Labor Department said on Thursday. That was a touch less than market expectations for 460,000.

Separately, the Commerce Department said the nation's trade gap shrank 6.6 percent to $37.3 billion as oil imports fell to their lowest since February 1999. However, U.S. exports also declined. Analysts had expected the deficit to widen to $41.0 billion from $39.9 billion in December.

Not enough good news for you? Try this one on-

ASSOCIATED PRESS- The foreclosure crisis isn't over, but the pace of growth finally may be slowing down.

RealtyTrac Inc. said Thursday that the number of U.S. households facing foreclosure in February grew 6 percent from the year-ago level, the smallest annual increase in four years.