Does it bother you that you run a trade deficit with your grocery store? You probably bought thousands of dollars’ worth of food from it over the past year without selling anything back. Sound nonsensical? Worrying about the nation’s trade deficit is just as silly. And yet, Senate Majority Leader Harry Reid (D-Nev.) says the trade deficit costs the country millions of jobs. Presumptive Republican presidential nominee Mitt Romney slams President Obama for “doing nothing to address” the gap.
