{"id":45515,"date":"2022-05-05T07:57:17","date_gmt":"2022-05-05T11:57:17","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=45515"},"modified":"2022-05-05T07:57:17","modified_gmt":"2022-05-05T11:57:17","slug":"the-economy-isnt-really-roaring-along","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=45515","title":{"rendered":"The Economy Isn’t Really Roaring Along"},"content":{"rendered":"

On Wednesday, The Gateway Pundit<\/a> reported that the US trade deficit surged to over $109 billion in March. This is the first time the trade deficit has gone over $100 billion.<\/p>\n

The article reports:<\/p>\n

The U.S. trade deficit surged to a record high in March, confirming that trade weighed on the economy in the first quarter and could remain a drag for a while as businesses replenish inventories with imported goods.<\/strong><\/p>\n

The Commerce Department said Wednesday that the trade deficit accelerated 22.3% to $109.8 billion in March amid a record increase in imports. Economists polled by Reuters had forecast a $107 billion deficit.<\/strong><\/p>\n

The government reported last week that a record trade deficit sliced 3.20 percentage points from gross domestic product in the first quarter, resulting in GDP contracting at a 1.4% annualized rate after growing at a robust 6.9% pace in the fourth quarter.<\/strong><\/p>\n

There are a number of factors that have created this deficit.<\/p>\n

In 2018, I reported the following (article here<\/a>) (quoting from Reuters<\/a>):<\/p>\n

The United States<\/a> now exports up to 1.7 million barrels per day of crude, and this year will have the capacity to export 3.8 billion cubic feet per day of natural gas. Terminals conceived for importing liquefied natural gas have now been overhauled to allow exports.<\/strong><\/p>\n

Below is a chart of American crude oil exports (source here<\/a>):<\/p>\n

\"\"<\/a><\/p>\n

Obviously the Biden administration’s war on fossil fuel has not only hurt the American economy, it has increased our trade deficit. It is time to put businessmen in Congress and in the White House.<\/p>\n

Other factors include over-regulation by the government which generally has reduced manufacturing in America, the inflation caused by overstimulating the economy, and generally bad economic policies on the part of the Biden administration.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Wednesday, The Gateway Pundit reported that the US trade deficit surged to over $109 billion in March. This is the first time the trade deficit has gone over $100 billion. The article reports: The U.S. trade deficit surged to … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[15256,14050,13413,11716,15255],"class_list":["post-45515","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-american-crude-oil-exports","tag-biden-administrations-economic-policies","tag-biden-administrations-energy-policy","tag-the-gateway-pundit","tag-u-s-trade-deficit"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/45515","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=45515"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/45515\/revisions"}],"predecessor-version":[{"id":45517,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/45515\/revisions\/45517"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=45515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=45515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=45515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}