To restore jobs, U.S. has to ramp up exports
ViewpointsMay 18, 2011
One school of thought about the so-called jobless recovery of the American economy blames high unemployment on the federal deficit. But that’s blaming the wrong deficit.To achieve an authentic recovery that includes new jobs, the deficit we need to cut is in trade.For 20 years, America’s exports have been surpassed by its imports, with a big bite of that trade deficit composed of oil imports. Addr