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WE OFTEN FORGET
But, this is where the US was economically 10 years ago, you know, before those Repub Tax Cuts...
The United States is now producing more oil than we import. Our overall trade deficit is at a four year low, as imported oil continues to decline. GM, Ford and Chrysler are all chugging along nicely, no thanks to a unified Republican/Tea party, who were eager to sacrifice 2 million American jobs on their altar of Obama Derangement Syndrome.
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Our trade gap with China is down 6.7% (largely based on their taste for American cars — see above), our trade gap with Japan is down 8.4% and our trade gap with the European Union has dropped a whopping 29.4%.
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The trade gap has fallen 12.9% to $34.3 billion as Obama’s policies have made American products and services more available abroad, while Americans are increasingly buying more domestic products. The trade imbalance is now lower than at any time since the beginning of the recession, and the off-shoring of American jobs has (finally) slowed to a trickle.
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