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US deficit widens, israel posts surplus

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Israel's current account surplus in its balance of payments widened to $1.96 billion in the second quarter of 2007 from $1.3 billion in the first quarter of 2007, the Central Bureau of Statistics said on Sunday.

(in millions of dollars)

Q2 07 Q1 07* Q2 06*
Exports of goods/svcs 17,205 16,645 16,217
Imports of goods/svcs 17,620 16,768 15,541
Net Current Transfers 1,952 1,688 1,666
Balance + 1,957 + 1,335 + 1,980
Note - Data are seasonally adjusted.

-- The bureau said Israel's current account surplus narrowed to $3.3 billion in the first half of 2007 from $4.2 billion in the second half of 2006.

Meanwhile as far back as 2005, the US trade deficit reached a a record-breaking $805 billion. Of course, by now it's much larger.

So, this raises the question: WHY - if israel's economy is in such good shape and ours is in such bad shape - does our government keep giving them billions upon billions of our tax dollars???

Do you really want to KNOW?

Or is it too hot for you to handle?

RELATED: Global markets tank, israel untouched

Comments

Ticks never tire of exploiting our labors

Now we can mobilize our IAPAC (Israel American Public Affairs Committee) in Herzelia to lobby for foreign aid to the US and some loan guaranties to boot.

too bad it would never work - israelis are so cheap, they'd kick our asses out of there faster than we can say mashugenah.

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"Money" has no value - people do.

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"Money" has no value - people do.

Considering how good foreign economys are compared to ours is the reason i love online stock trading I can buy shares of companies in other countries who are doing really well. I hate having to but when our markets are so up and down i'm not risking anymore than i have to on my investments. And so far im doing pretty well.

impending azraeli penance around corner.

..who said we were gonna ask?

..as for stock trading, give it up you greedy fascist.

Israel Says War on Iraq Would Benefit the Region

By James Bennet New York Times February 27, 2003

Defense Minister Shaul Mofaz told members of the Conference of Presidents of Major American Jewish Organizations last week that after Iraq, the United States should generate "political, economic, diplomatic pressure" on Iran. "We have great interest in shaping the Middle East the day after" a war, he said.

"The shock waves emerging from post-Saddam Baghdad could have wide-ranging effects in Tehran, Damascus, and in Ramallah," Efraim Halevy, Prime Minister Ariel Sharon's national security adviser, said in a speech in Munich this month.

Until recently, Mr. Halevy was the chief of the Mossad, Israel's spy agency. He said, "We have hopes of greater stability, greater enhanced confidence from the Persian Gulf to the Atlantic shores of Morocco."

Israelis have also suggested that that an Iraq war may salvage their economy and even prompt the opposition Labor Party to join Mr. Sharon's coalition in a new government of national unity.

Available at Global Policy.org

Greg Bacon

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