"A Complete Collapse In Foreign Demand"

Read this about the nosedive in trade activity since the onset of the financial crisis last fall and feel the sickening lurch in your stomach. And hey, if that’s not enough, consider that things are likely to get a whole lot worse on the global trade front before there is even a sand castle’s chance in an earthquake that they will get better.

At least we have an Administration that is determined to do anything and everything in its power to encourage trade liberalization. That ought to ameliorate a whole host of our problems on the trade front.

Oh, wait . . .