Outside View: Cut trade gap to create jobs
College Park, Md. (UPI) Jun 9, 2011 - 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 ... more
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