Yes, we have an economy so robust under President Bush that it has created the largest Federal deficits in history, the largest total government debt, real estate bubbles, hedge fund failures, and, perhaps his greatest accomplishment a rising trade deficit despite a dollar that’s in free fall:
The US trade deficit expanded to its highest level in 14 months in November as imports, especially of oil, overshadowed a rise in exports.
The Commerce Department said that the trade deficit expanded by 9.3% to $63.1bn (£32bn) driven by a 16.3% jump in America’s foreign oil bill.
US exports rose by 0.4% to a new record of $142.3bn, getting a boost from the weaker dollar.
Analysts said the growing deficit could weigh on US economic growth.
Nonetheless, I’m sure this is more good news for Republicans, and bad news only for Democrats.
