Two Negatives that are Positive

Trade deficit and global warming:

As global warming is a natural occurring event, there is no stopping it. So, we must stop wasting time trying to prevent it (of course affordable measures to clean our air and keep our water clean are needed) and instead find the positive factors of global warming, climate change and its inevitable effects. The effects are being extremely hyped by the media, in the context that even if it were true that global warming is accelerating (highly doubtful- because of imprecise methods of measurement and very dubious and complex computer modeling) it will take years to change temperatures by more than a few degrees. But, if temperatures are really rising over the long term, then great- we will have more of the earth’s landmass that is habitable and available for farming- this is good ! The same eco-radicals, basing their rants and raves on pseudo-science and the more legitimate people who joined the chorus because of the money to be made, in the past lamented the earth’s overcrowding and falling food supply (all false alarms) are now against the obvious solution- GLOBAL WARMING !! with warmer temperatures people can alleviate overcrowding by settling the northern hemisphere and feed people more easily with all the extra farm land- so where is the problem ?

Trade deficits are not bad, as long as you can pay for them, and we can, buying more than you are selling is absolutely NO indicator of the health of an economy. If your nation is rich and mainly produces and consumes your own products and services, as the US does, there is then plenty of wealth to buy even more products from overseas. In fact, although America in absolute terms is the largest exporter and importer in the world, America itself produces 2/3rd s of its own consumption and is NOT an export based economy as other leading economies are i.e. China, Japan, German, South Korea, Canada, etc. So comparing the import numbers and the trade deficit with other countries is comparing apples and oranges- they are export driven economies since their internal markets are not strong enough to consume all that they produce. America is service- based production and thus it easily consumes all it manufactures- thereby requiring imports. There is NOTHING wrong with that. In addition, we import products that are produced abroad more cheaply which in great effect- INCREASES the standard of living of all Americans. When you buy the SAME product cheaper from overseas, it means that prices are lower for American consumers, thus lower economic classes in America can afford more and better things- thus- raising their standard of living. Ten years ago it was only luxury homes that you would find a wine fridge in, whereas today its common place and they are sold very cheaply at Home Depot and Lowes, etc. Big screen TV’s, electronics, etc. are within reach of MOST Americans- they are NOT within the reach of lower classes in other countries. The trade deficit for America is a NET plus because you are raising the standard of living for 300 million Americans- instead of trying to raise the standard of 5-10 million Americans who might have otherwise produced those products in America. If we produced those products- yes, maybe there would be an extra 5-10 million jobs in manufacturing- but those products would be priced out of reach for most Americans, thus, the standard of living would be much lower for MOST of America. Embrace trade deficits and global warming, they are good things !