Zeev's Turnips Patch-No Politics (ZEEV)

[Public Heel]

The Bush administration contends the soaring trade deficits reflect a U.S. economy that is growing faster than the rest of the world, pushing up imports and dampening demand for U.S. exports.
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There's a real Through the Looking Glass quality to that idea. Do you think that when the deficit drops (if it ever does), that they'll say it's a bad thing, and is a sign that the U.S. economy is underperforming the rest of the world?