How The Economic News Is Spun—And Why
Readers ask me to reconcile the jobs and debt data that I report to them with the positive economic outlook and good news that comes to them from regular news sources. Some readers are being snide, but most are sincere. I am pleased to provide the explanation. First, let me give my reassurances that the numbers I report to you…
Read more »Fifty Years Later: Krushchev's Secret Speech On Stalin…And What It Means Today
By: Paul Craig Roberts|24 February, 2006|Categories: Articles & Columns|Tags: khrushchev secret speech creating a political myth
Fifty years ago today, Nikita Krushchev gave his Secret Speech to the Closed Session of the Twentieth Party Congress in which he denounced Joseph Stalin. At that time Krushchev, the General Secretary of the Communist Party of the Soviet Union, held the most powerful political office in the world. The power that Stalin had accumulated in this position had made…
Read more »Their Own Economic Reality
Who can forget the neocons‘ claim that under their leadership America creates its own reality? Remember the neocons’ Iraq reality—a “cakewalk” war? After three years of combat, thousands of casualties, and cost estimated at over $1 trillion, real reality must still compete with the White House spin machine. One might think that the Iraq experience would restore sober judgment to…
Read more »Jobs News Even Worse Than We Thought
Last week the Bureau of Labor Statistics re-benchmarked the payroll jobs data back to 2000. Thanks to Charles McMillion of MBG Information Services, I have the adjusted data from January 2001 through January 2006. If you are worried about terrorists, you don’t know what worry is. Job growth over the last five years is the weakest on record. The US…
Read more »My Epiphany: From Reaganaut To Anti-War Radical
By: Paul Craig Roberts|07 February, 2006|Categories: Articles & Columns|Tags: Radical
A number of readers have asked me when did I undergo my epiphany, abandon right-wing Reaganism and become an apostle of truth and justice. I appreciate the friendly sentiment, but there is a great deal of misconception in the question. When I saw that the neoconservative response to 9/11 was to turn a war against stateless terrorism into military…
Read more »Job Disinformation From The New York Times
By: Paul Craig Roberts|03 February, 2006|Categories: Articles & Columns|Tags: Disinformation . Job . Times . York
[See Edwin S. Rubenstein on January's job numbers A Blowout Month…For Hispanics and here on December's job numbers.] On Friday Feb. 3 the Bureau of Labor Statistics released the nonfarm payroll jobs report for January. New York Times reporter Vikas Bajaj wrote an upbeat news story, obviously based on a Labor Department press release rather than any study of the…
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