Bush Administration Facing Failure On Every Front
By: Paul Craig Roberts|29 November, 2004|Categories: Articles & Columns|Tags: Every . Facing . Front . George Bush
Is the Bush administration competent? There is enough information at hand on which to base an objective opinion. On the eve of President Bush’s second term, the US economy has fewer jobs than when Bush was inaugurated four years ago. During Bush’s first term, the US economy was unable to create jobs in both export and import-competitive sectors. The formerly…
Read more »Chinese Exchange Rate Peg Threatens World Economy
By: Paul Craig Roberts|16 November, 2004|Categories: Articles & Columns|Tags: How does exchange rate threaten Chinese trade
China’s currency peg to the US dollar prevents correction of the US trade imbalance and imperils the US dollar’s role as reserve currency. In the post World War II period, the dollar took over the reserve currency role from the British pound, because the supremacy of US manufacturing guaranteed US trade surpluses. The British pound lost its role due to…
Read more »An Election That Will Live In Infamy
By: Paul Craig Roberts|05 November, 2004|Categories: Articles & Columns|Tags: Election . Infamy . Live
On November 2 Americans blew their only chance to redeem themselves in the eyes of the world. The entire world is stunned by the Bush administration’s abandonment of a half century of US diplomacy in favor of misguided, unilateralist, “preemptive” naked aggression on totally false pretenses against Iraq. America’s allies are amazed at the ignorance manifested by the Bush administration.…
Read more »A Mandate For “Moral Values”—But Nothing Else
By: Paul Craig Roberts|04 November, 2004|Categories: Articles & Columns|Tags: paul craig roberts abortion
What was the presidential election about? In their victory speeches, Vice President Cheney and President Bush claimed a “mandate,” “historic victory,” and that “America has spoken.” A mandate for what? A victory for what? How spake America? Pundits have declared that the election was about “moral values.” Americans in the red states voted against homosexual marriage and abortion. Let’s hope that…
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