US EXPORTS SET NEW RECORD, BUT OIL SQUANDERS

The week dollar has boosted exports to an all time HIGH. Awesome for the exporters. But oil imports wiped the whole gain out. That was on an average price of oil below $100 per barrel.
the deficit was $60.9 Billion dollars, the highest in over a year. People we just gave one of our $60 billion companies to the rest of the world Or 2 $30 billion companies Or 6 $10 billion companies Or any mix. The trade deficit is what countries use to go to war over. One country would have the best economy and the others would have to send them all their gold. They then fought to get it back.
We need to fight to stop the Bleeding of America's savings. We can fight by becoming Energy Free. We can fight by having a better Education System. We can fight by ending the thoughtless purchase of worthless trinkets imported from evolving companies. We can fight by recognizing the problem and working together to fix the problem.

Trade deficit jumps to highest level in 13 months
By MARTIN CRUTSINGER,
AP
Posted: 2008-06-10 08:53:15
WASHINGTON (AP) - The trade deficit jumped to the highest level in 13 months in April as America's bill for foreign crude oil soared to an all-time high.The Commerce Department reported Tuesday that the gap between what the nation imports and what it sells abroad rose by 7.8 percent to $60.9 billion, the largest imbalance since March 2007. The April deficit was $4.4 billion higher than the March imbalance of $56.5 billion.The deterioration in the deficit was driven by a $4.3 billion increase in crude oil imports which jumped to a record $29.3 billion in April, as the average per barrel price rose to an all-time high of $96.81.Oil imports are expected to climb further in coming months given that crude oil has continued its relentless rise and is now trading above $130 per barrel.U.S. export sales totaled $155.5 billion in April, up 3.3 percent to an all-time high, reflecting big gains in sales of commercial aircraft, farm machinery, medical equipment and computers. But this increase was swamped by a 4.5 percent rise in imports, which also set a record at $216.4 billion, reflecting the huge increase in oil as well as big gains in imports of autos and consumer goods.
Read the full article: http://money.aol.com/news/articles/_a/trade-deficit-jumps-to-highest-level-in/n20080610085309990019