How the Economy Was Lost
By: Paul Craig Roberts|23 February, 2009|Categories: Articles & Columns|Tags: japan sitepaulcraigroberts.org
The American economy has gone away. It is not coming back until free trade myths are buried six feet under. America’s 20th century economic success was based on two things. Free trade was not one of them. America’s economic success was based on protectionism, which was ensured by the Union victory in the Civil War, and on British indebtedness, which…
Read more »From One Assault On The Constitution To Another
By: Paul Craig Roberts|19 February, 2009|Categories: Articles & Columns|Tags: Assault
The US Constitution has few friends on the right or the left. During the first eight years of the 21st century, the Republicans mercilessly assaulted civil liberties. The brownshirt Bush regime ignored the protections provided by ”when the sanctions of society and laws are found insufficient to restrain the violence of oppression.” Why do the Democrats desire Americans to be…
Read more »Obama—President Of Special Interests
By: Paul Craig Roberts|16 February, 2009|Categories: Articles & Columns|Tags: Interests . Obama—President . Special
The Bush/Obama bailout/stimulus plans are not going to work. Both are schemes hatched by a clique of financial insiders. The schemes will redistribute income and wealth from American taxpayers to the shyster banksters, who have destroyed American jobs, ruined the retirement plans of tens of millions of Americans, and worsened the situation of millions of people worldwide who naively trusted…
Read more »How Will Obama's Deficits Be Financed?
By: Paul Craig Roberts|12 February, 2009|Categories: Articles & Columns|Tags: Deficits . Financed? . Obama's
Who remembers economists’ hysteria over the “Reagan deficits”? Wall Street was in panic. Reagan’s fiscal irresponsibility was bringing the end of the world. The fiscal year 2009 federal budget deficit that Obama is inheriting, and adding to, will be ten times larger in absolute terms than Reagan’s biggest and a much larger share of GDP in percentage terms. Yet, economists…
Read more »Ship of Fools
By: Paul Craig Roberts|08 February, 2009|Categories: Articles & Columns|Tags: Fools . Ship
may you live in interesting times Is there intelligent life in Washington, DC? Not a speck of it. The US economy is imploding, and Obama is being led by his government of neconservatives and Israeli agents into a quagmire in Afghanistan that will bring the US into confrontation with Russia, and possibly China, American’s largest creditor. The January payroll job…
Read more »The Era of American Leadership Is Over
By: Paul Craig Roberts|01 February, 2009|Categories: Articles & Columns|Tags: avigdor lieberman . financial instruments . health care coverage . israeli ambassador . nuclear weapons
a bankrupt and discredited country Vast numbers of people in the United States and abroad are hoping that President Obama will end America’s illegal wars, halt America’s support for Israel’s massacre of Lebanese and Palestinians, and punish, instead of reward, the shyster banksters whose fraudulent financial instruments have destroyed economies and imposed massive sufferings on people all over the world. …
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