Biden Breaks Sad New Record
Biden is a record breaker! Too bad all the records he is break aren’t good for America.
Sadly, it appears now that President Biden is going to hold the record forWhat the worst trade deficit ever.
According to Reuters, U.S. trade deficit in goods hit a record high in January likely because businesses imported several goods to replenish their long depleted inventories.
Reuters further explained, “The pace of inventory accumulation reported by the Commerce Department on Monday was, however, slower than in recent months.“
Furthermore, in the fourth quarter the economy grew by 7.0%.
JPMorgan economist Daniel Silver explained, “We remain on track for another strong gain in real business inventories in the first quarter, although inventories may end being fairly close to a neutral factor for GDP growth considering that the fourth quarter buildup of inventories also was substantial.”
Sadly, American exports dropped 1.8% this includes products such as motor vehicles, food and more.
