Re: Trade deficits are ALWAYS detrimental to their nations’ GDPs.
Oil. We cannot produce enough of it domestically and are therefore required to import it so the needs of our economy are met. Any time a nation cannot fill domestic demand with domestic production, imports are necessary.
If you believe that a domestic market exists that can be filled with domestic production, you need to explain why there are no companies building factories to meet the demand in order to rake in all that profit that's being sent overseas.
Not according to statistics. Again I point out that during booms, imports are up, during recessions, imports are down. Again, that's not an interpretation of the empirical data, that's not an opinion about the statistics, those ARE the statistics, that IS what the empirical data shows.
Your theory is directly contradicted by empirical data and you have never even attempted to account for it.
Proof by assertion: sometimes informally referred to as proof by repeated assertion, is a logical fallacy in which a proposition is repeatedly restated regardless of contradiction.
