The Fading American Economy
By: Paul Craig Roberts|08 April, 2008|Categories: Articles & Columns|Tags: American . Fading
Government is the largest employer According to the Bureau of Labor Statistics, the US economy lost 98,000 private sector jobs in March, half of which were in manufacturing. Today 13,643,000 Americans are employed in manufacturing, of which 9,849,000 are production workers. Government employs 22,387,000 Americans, 8,744,000 more than manufacturing. Even the category leisure and hospitality employs 13,682,000 Americans, slightly more…
Read more »Petraeus Testimony Next Week May Signal Iran Attack
Today (April 5) the London Daily Telegraph reported that “British officials gave warning yesterday that America’s commander in Iraq will declare that Iran is waging war against the US-backed Baghdad government. A strong statement from General David Petraeus about Iran’s intervention in Iraq could set the stage for a US attack on Iranian military facilities, according to a Whitehall assessment.”…
Read more »What Do We Stand For?
By: Paul Craig Roberts|04 April, 2008|Categories: Articles & Columns
Americans traditionally thought of their country as a “city upon a hill,” a “light unto the world.” Today only the deluded think that. Polls show that the rest of the world regards the United States and Israel as the two greatest threats to peace. This is not surprising. In the words of Arthur Silber: “The Bush administration has announced to the…
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