Friday, August 13, 2010

"investment surplus weighs heavy on economy"

From the AP's Martin Crutsinger in the C-J...

The nation is selling fewer products around the world and spending more on cheap imported goods — an imbalance that hurts the job market and means the U.S. economy is even weaker than previously thought.

The world is investing more in the U.S., spending more on relatively attractive combinations of risk and rate-of-return — an imbalance that helps the job market and means the U.S. economy is even stronger than previously thought.

President Barack Obama gave the manufacturing industry a little help Wednesday by signing legislation that would reduce and suspend tariffs on certain materials U.S. companies must import to make their products. That could make U.S. products cheaper overseas.

Awesome! Good job, Barack!

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