The Trade Deficit Shell Game 
A curious thing happened in July. The New York Times reported, "The trade improvement in July was driven by a $2.4 billion increase in exports, to $120.7 billion, because of rising exports of computer parts, airplane parts and other types of capital equipment and industrial supplies."
More accurately, these line items are more probably war materials shipped overseas and the issue at hand should be whether or not these "foreign purchases" in fact contribute to easing the trade imbalance at all.
This kind of sudden surge in exports more likely represents an accounting practice in which American taxpayer dollars are laundered as foreign aid to purchase missles, bombs, and bulldozers for our foreign interests.
If these kinds of accounting practices are illegal for private American business, whty would they be acceptable to obfusctate the failing Bush economic policies?
KEYWORDS: economics, questionable accounting practice, national deficit, economy
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