US trade deficit hits $617.6 billion, an all-time high

This is a sad day for US.

AP Wire | 02/10/2006 | U.S. trade deficit hits all-time high: "The Commerce Department reported Friday that the gap between what America sells abroad and what it imports rose to $725.8 billion last year, up by 17.5 percent from the previous record of $617.6 billion set in 2004.

It marked the fourth consecutive year that America's trade deficit has set a record as American consumers continued their seemingly insatiable demand for all things foreign from new cars to televisions and electronic goods."

What can I say? The government is too busy focusing on it's own agenda rather than pay attention to the country's economics. Yesterday I heard $3bn hardware center being developed in India. Everything is being outsourced and people are becoming jobless.

Sad day.

Farhan