From First World to Third World
In the early 1980s when I was Assistant Secretary of the Treasury, the US trade deficit was due to oil imports. Currently, the US deficit in manufactured goods alone is 3.5 times our oil imports. Our trade deficit in vehicles is nearly equal to our deficit in oil, and our deficit in clothing, ADP equipment, office machines, TV and VCRs…
Read more »Three Books On The Brownshirting Of America
By: Paul Craig Roberts|15 October, 2004|Categories: Articles & Columns|Tags: Bush Administration . heritage foundation . september 11 attack . Weapons of Mass Destruction
James Bovard, the great libertarian champion of our freedom and civil liberties, recently shared with readers his mail from Bush supporters (Lewrockwell.com, October 12). For starters here are some of the salutations: “communist bastard,” “asshole,” “a piece of trash, scum of the earth.” It goes downhill from there. Bush’s supporters demand lock-step consensus that Bush is right. They regard truthful…
Read more »The Socialists Have Bought In
By: Paul Craig Roberts|14 October, 2004|Categories: Articles & Columns|Tags: Bought . Socialists
British Prime Minister Tony Blair and his wife, Cherie, have purchased a $6.4 million townhouse in Connaught Square and plan on spending another $900,000 fixing it up. The Blairs already own an $800,000 six-bedroom home in his Sedgefield constituency on which taxpayers have spent $3.6 million to turn it into a terrorist-proof fortress. According to the British press, a down…
Read more »Economics: Science or Religion?
By: Paul Craig Roberts|10 October, 2004|Categories: Articles & Columns|Tags: science vs religion conclusion
The US economy has ceased to create jobs in tradable goods and services. The disastrous September payroll jobs data are a repeat of the monthly trend that has held for the nearly four years of the Bush administration. Of September’s 96,000 new jobs, 73% are accounted for by two categories: government jobs and temporary help! There were only 59,000 private…
Read more »To Escape From Blunder First Acknowledge Reality
By: Paul Craig Roberts|10 October, 2004|Categories: Articles & Columns|Tags: Blunder . Escape . First . Reality
The presidential debates are going nowhere. Why? Because both President George Bush and Senator John Kerry are encapsulated in a big lie. The lie is too big to be acknowledged. Both candidates repeat the mantra that Saddam Hussein was dangerous to America and had to be removed. Both reaffirm that Saddam’s removal remains a good thing despite a plethora of…
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