Dr. Peter Morici: The US trade deficit and the jobs drought
Jan 12th, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Dr. Peter Morici: The US economy added 103,000 jobs in December but that was disappointing after recent surges in retail sales and business spending. Simply too many dollars Americans spend go to imports but don’t return to buy US exports, leaving too many Americans jobless, wages stagnant, and Federal and State governments with budget woes.