Reply #2: During Carter's Last Term Our Trade Balances with other countries Was Equal

[dtotire]

The trade balance was slightly positive and we were the world's largest creditor nation. After eight years of Reagan we became the worlds largest DEBTOR nation. We now have a negative trade balance of over $700 billion. If this money remained in this country there would be less unemployment. A wild guess would be that for each $100,000 that stayed in this country 1 more worker would be employed. If we extrapolated that into $700 billion, there would be 7 million more people employed.