Donald Trump has now made the trade deficit a focal point of his campaign. It only took 35 years and $10 trillion in cumulative trade deficits. In other words, far too late to save the status quo, but it puts the denialist man-boys on notice for what comes next.
Who needs ranting blogs when the leading Republican candidate has finally put the most important economic issue facing the country squarely in the middle of the table. Corporate bitches are shitting their pants far and wide, as well they should. They won the battle and will now watch as they lose the war.
Reaganomics Visualized aka. $10 trillion in cumulative trade deficits. No amount of ludicrously squandered "Keynesian" stimulus could ever patch a hole in the Titanic this size...
However, $10 trillion is a drop in the bucket compared to the loss of investment, manufacturing capacity, management capability, engineering skills and intellectual property aka. "details" to be outsourced by Marketing frat boys. All of which on an NPV basis would be measured in the hundreds of trillions...
"Between 2000 and 2011, 66,486 factories closed. 17 per day"
"The economy lost 13 times as many manufacturing jobs between 2000 and 2010 than between 1990 and 2000"
The real cost of electing a baboon called GWB with another to follow aka. Obamanation:
Corporate profits versus GDP
Were it not for Ponzi debt accumulation and bailouts for fake capitalists, this clusterfuck would have ended a long time ago...
Econ 101: Current account = capital account:
