shortformblog

ROMNEY: “We have an enormous trade imbalance with China, and it’s worse this year than last year and it’s worse last year than the year before.”

THE FACTS: That’s true as far as it goes but the imbalance is far from unique to the Obama years. The U.S. has run a trade deficit with China since 1985 and the gap has widened nearly every year since. According to Chinese customs data, Beijing reported a $181.3 billion trade surplus with the United States in 2010. That grew to $202.3 billion last year. The surplus for the first nine months of this year was $161.9 billion, well ahead of the level at this point in 2011.

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    Great fact-check. Really puts light on a lot of the b.s. we heard in last night’s debate.
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    ROMNEY: “We have an enormous trade imbalance with China, and it’s worse this year than last year and it’s worse last...
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    “We have an enormous trade imbalance with China, and it’s worse this year than last year and it’s worse last year than...
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