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Pete Murphy

"...the trade deficit benefits Europe and Japan immensely."

Elaine, don't forget China! One half of our trade deficit in manufactured goods (which represents fully one third of our entire trade deficit - about $250 billion per year) ends up in China!

This is the direct result of granting free access to our healthy, high per capita consumption market to grossly overpopulated nations unable to offer access to equivalent markets in return. The trade deficit and loss of jobs is automatic, thanks to our goofy trade policies.

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