US Falling Behind Across the Board
By: Paul Craig Roberts|26 July, 2005|Categories: Articles & Columns|Tags: Behind . Board . Falling . USA
Yesterday I reported that the US, formerly a superpower until afflicted with “new economy” syndrome, has lost so much manufacturing capability that it can scarcely produce one submarine every two years and one aircraft carrier every five years. US manufacturing capability is so reduced and shrinking so fast that the president of the American Shipbuilding Association recently said that in…
Read more »America's Descent Into The Third World
By: Paul Craig Roberts|15 July, 2005|Categories: Articles & Columns|Tags: Descent . Into
The June payroll jobs report did not receive much attention due to the July 4 holiday, but the depressing 21st century job performance of the US economy continues unabated. Only 144,000 private sector jobs were created, each one of which was in domestic services. 56,000 jobs were created in professional and business services, about half of which are in administrative…
Read more »The No-Think Nation
Thought is not an American forte. Consider the speed with which our government got us trapped in two quagmires, Iraq and Afghanistan. The CIA says that Bush’s invasion of Iraq has created ideal conditions for training insurgents and terrorists. The longer we are there, the worse it gets. Our military is being worn down by a gratuitous war of no…
Read more »