Trade Deficit up - good news or not?

[dmallind]

Let's at least be consistent. Lots of people pooh-poohed recent trade deficit REDUCTIONS as bad signs that we could "not even afford cheap Chinese shit any more" or because our dollar was worthless so we could export some stuff.

So the dollar is still low but the trade deficit increased. Explain whether you see this as good or bad news and explain why you are consistent or inconsistent in this opinion if you would. If you see both movements as bad news, how can you reconcile that? If you see both as good news, the same? If you prefer it to go one way or the other are you happy or not? For those who read/think below the headline same questions for China specifically too.

http://news.yahoo.com/s/ap/20100112/ap_on_bi_go_ec_fi/us_economy

[Broke In Jersey]

1. hmmm let me see....

Exporting jobs overseas to make goods they sell to Americans where the money goes back to foreign countries to take more jobs from us. yea...not sure if this is good or not.

But at least we can get get our 60inch LED TVs cheap!

F-the american blue-collar worker seem to be our model for the past few decades.