"With a strong domestic economy, low national unemployment at 5 percent, and increasing retail sales, the picture should look rosy. But one look at the trade deficit changes all of that"
- Jo Ann Emerson
About this Quote
This quote by Jo Ann Emerson suggests that the current economic scenario in the United States appears to be favorable. With a strong domestic economy, low nationwide joblessness, and increasing retail sales, the outlook appears to be great. Nevertheless, when one takes a more detailed take a look at the trade deficit, the picture changes considerably. The trade deficit is the distinction in between the value of items and services a country imports and exports. A big trade deficit can be a sign of an economy that is not as strong as it appears on the surface area. This quote suggests that the US economy may not be as strong as it appears, which the trade deficit should be taken into consideration when assessing the total economic situation.
This quote is written / told by Jo Ann Emerson somewhere between September 16, 1950 and today. He/she was a famous Politician from USA.
The author also have 7 other quotes.
"I have just explained my idea of how a constructive period of reflection, one that would send a clear message to the citizens of Europe: You should now what our priorities are. For Germany this means: Unemployment is one of one of our biggest problems"
"What we're talking about is the price of goods, all goods, in terms of money. That has nothing to do with unemployment, except for the fact that you get fewer goods. And when you have more money and fewer goods, the amount of dollars per good goes up. It goes up because there are fewer goods and it goes up because there is more money"
"Really, the potential for, first of all, any college graduate today is enormously good. These are good times for anyone with a college degree today, particularly African Americans. With a college degree today, you really breach the unemployment rate"
"The internal conditions in Iran are worsening in all aspects. Poverty and unemployment are becoming more severe, despite the fact that Iran has turned into a developed and industrialized country"
