With a strong domestic economy, low national unemployment at 5 percent, and increasing retail sales, the picture should look rosy. But one look at the trade deficit changes all of that.
More Quotes from Jo Ann Emerson:
In the U.S., we cannot allow our competitiveness to suffer, and neither must we forget about the resources and the resourcefulness of rural America.Jo Ann Emerson
China is not only formidable, it is also aggressively building its own economic infrastructure. Just a few years from now, China will rival the U.S. and the European Union in global market power. It already has surpassed us in population.
Jo Ann Emerson
All those trucks and barges that carry our goods to port are vital connections to the only force which can balance our trade deficit: export. We must keep doing what we do best if we are going to get America out of the red.
Jo Ann Emerson
America won the Cold War by protecting our strategic resources from the threat of foreign control. We must bring the same attitude to our trade relationship with China.
Jo Ann Emerson
America's largest trade deficit is with China, a nation that enjoys Permanent Normal Trade Relations with the U.S. and ties its currency to the dollar to make it a more competitive trading partner.
Jo Ann Emerson
Readers Who Like This Quotation Also Like:
Based on Topics: Business & Commerce Quotes, Sales QuotesBased on Keywords: retail, rosy, unemployment
All history is incomprehensible without Christ.
Ernest Renan
Cheerfulness is a very great help in fostering the virtue of charity. Cheerfulness itself is a virtue.
Lawrence G. Lovasik
Roosevelt was determined to stop Stalin from taking over Eastern Europe. He thought they finally had an agreement on Poland. Before Roosevelt died, he realized that Stalin had broken his agreement.
W. Averell Harriman