Throw the bums out after another damning month for the dysfunctional ruling class.
The United States posted a trade deficit in goods and services of a whopping $41.8 billion in September, up from $38.7 billion in August. The goods deficit with China increased from $29.9 billion in August to $30.5 billion in September.
This latest economic disaster came as the overfed, overpaid Washington ruling class bickered about how to pay for debts they already incurred. Simply put, even a Tea Party Republican can or at least should understand that once again, U.S. exports decreased and imports increased in yet another setback for the economy with devastating results for the 16 to 20 million unemployed and underemployed.
According to the official numbers, which are subject to manipulation by the incumbent “no jobs” Obama Administration, imports increased to $230.7 billion in September from $228.0 billion in August. Goods were $193.4 billion in September, up from $190.6 billion in August. Services were $37.3 billion in September, down from $37.4 billion in August.
Exports decreased to $188.9 billion in September from $189.3 billion in August. Goods were $132.1 billion in September, down from $132.3 billion in August. Services were $56.8 billion in September, down from $57.0 billion in August.
For goods, the dismal deficit was $61.3 billion in September, up from $58.3 billion in August. For services, the surplus was $19.5 billion in September, down from $19.6
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
