Sunday, May 10, 2015

The United States of America is considered tenth in the world in GDP (PPP) by both the IMF and World Bank.

The USA became a negotiating partner in the TPP as of February 2008 under George W. Bush. President Obama wants to settle the negotiations under his watch due to the improvements he made since the original agreement. I can understand that, but, many people in the USA would simply like it to go away forever. The one question that comes to the surface among some is what happens in 2016 if this isn't done under Obama? 

The real question is not what happens in 2016, but, more why does the Middle Class always have to fear Republican leadership in the Oval Office? 

Why? War and poverty, that's why.

The USA (click here) is considered to have a GDP (AKA GNI - Gross National Income) of $54,597 per capita. That means a disposable income that other countries seek to covet for their products.

The USA has a GDP of $16.77 trillion among a citizen population of 316.1 million.

US agricultural commodities include wheat, corn, other grains, fruits, vegetables, cotton; beef, pork, poultry, dairy products, fish and forest products. The USA is considered to have a diverse industries such as a technology innovator, second-largest industrial output in world of petroleum, steel, motor vehicles, aerospace, telecommunications, chemicals, electronics, food processing, consumer goods, lumber and mining

It is considered a "High Income" member of the OECD. 

Life expectancy is 79 years.

98 percent of children are enrolled in school.

The USA is considered to have a carbon footprint of 17.6 metric tons per capita emissions.

The USA tends to be a donor country in most trade relationships. Trade relationships are suppose to balance. Below a graph of recent trade relations without the TPP (click here).

 
The United States has been running consistent trade deficits since 1976 due to high imports of oil and consumer products. In recent years, the biggest trade deficits were recorded with China, Japan, Germany and Mexico. United States records trade surpluses with Hong Kong, Netherlands, United Arab Emirates and Australia. This page provides - United States Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - United States Balance of Trade - was last refreshed on Monday, May 11, 2015.