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February 25th, 2010
02:00 PM ET

Broken Government: Correcting U.S. trade deficit

Editor's Note: All this week in our special series "Broken Government," CNN is taking a hard look at our nation's government; the frustrating problems and the potential solutions. Today, our Carol Costello looks at the U.S. trade deficit and how we can compete with cheap foreign labor. And tomorrow on American Morning, we head to a small community surrounded by 14 chemical plants spewing cancer-causing waste. Why has it taken the government's environmental watchdog a decade to get involved?

(CNN) – Last year, the U.S. bought more from other countries than we sold. How much? More than $380 billion, according to the folks at the census.

So what's the fix? Some economic experts say we need to adjust free trade agreements. Our Carol Costello went to Baltimore, Maryland to find out why.

Filed under: Broken Government • Economy
soundoff (5 Responses)
  1. Mickey

    The issue is: how can we compete? We have to work hard and smart, with as few obstacles in our way as possible.

    February 26, 2010 at 9:15 pm |
  2. Lanny Sanford

    our goverment is not broken we should buy American made Cars and Trucks we need to stop and think about our American made washers and dryers everything made in Americam and we need to stop talking about our goverment bring our money home to American and our companies back Home to American we put President Obama in office and we need to stand up say God has give us the right man for our President I do understand everyday President Obama send our American men and women to war it is like when Anne got kidnap I had to deside like the Department of State told me I could call france embassy and Anne might get kill by the kidnapper I will never get over everything that happen to I and Anne I think about kidnaping all time and I am glad that we had President Obama In office I should thank our President Obama

    February 26, 2010 at 12:36 am |
  3. cactus lady in AZ

    I have wondered why it has taken people so long to realize that the free trade agreement needed to adjusted so that big business comes back into the USA instead of other countries. We are susposed to be taking care of our people then other people. Wake up people.

    February 25, 2010 at 10:59 pm |
  4. Scott

    Scrap Fair Trade! End all the so-called "Favored Nation" deals. Our trade policy shoud be exactlly the same as the countries we are dealing with. If they want our markets to be open to them, then they need to open their markets to us. If they impose "inspections" or "tariffs" or anything else on our imports to make unmarketable in thier country, we should do the same thing to their imports into the U.S.
    We need to stop being the sucker for the rest of the world. We need to stand up and say "Enough! We'll do business with you, but only on fair and equal terms. If you don't like it, send your products elsewhere." I would almost guarentee that our trading partners would back down. They need our markets far more then we need their products.

    February 25, 2010 at 10:28 pm |
  5. JB

    Free trade should be fair trade, go to your local Department store or Home improvement store, everything in there is from overseas or Mexico. No American made.

    February 25, 2010 at 2:34 pm |