What's not been said about the Trade Deficit with China...

I've questioned before what the "trade deficit" really means. Sometimes it seems as if the media loves to hate the current US Bush Administration so much that it's willing to ignore any form of good news and portray bad news in the worst possible light. Maybe that's why people don't watch the news on TV or read it in newspapers as much anymore.

When it comes to the economy, stock markets are again soaring and unemployment in the US is below those under the Clinton Administration. But when it comes to the trade deficit with China, assuming you think it matters, there is some good news that you probably won't hear on the actual news - but to summarize:

It won't be many years before the trade balance between the two nations is roughly equal or in the USA's favour. EU's imports from China have increased at an average rate of 18%, similar to the USA rate, whereas the exports have changed at a Clinton era rate of 14% compared to a Bush era USA rate of 24%

Hat tip: Instapundit.