The U.S. Commerce Department reported Thursday the
April deficit on international trade in goods and services was $43.7 billion,
up from $27.1 billion in when the economic recovery began.
The trade deficit, along with the credit and
housing bubbles, were the principal causes of the Great Recession. A rising
trade deficit again threatens to sink the recovery and push unemployment to
more than 10 percent.
Most fundamentally, U.S.
economic growth and jobs creation has slowed, because the demand for U.S. made
goods and services is expanding too slowly. Supplying what Americans and global
consumers buy isn’t the issue but rather U.S. and
export customers don’t want enough of what Americans could make. Read more here.
