Saturday, June 28, 2014

Why US Economy Is Not Growing

Good essay by Paul Craig Roberts:

The US economy cannot grow because corporations pushed by Wall Street have moved the US economy offshore. US manufactured products are made offshore. Look at the labels on your clothes, your shoes, your eating and cooking utensils, your computers, whatever. US professional jobs such as software engineering have been moved offshore. An economy with an offshored economy is not an economy. All of this happened in full view, while well-paid free market shills declared that Americans were benefiting from giving America’s middle class jobs to China and India.

What then can revive the economy? Nothing except to force the return of the economy that the anti-American corporations moved offshore.

This would require credible government. Unfortunately, the US government has been losing credibility since the second term of the Clinton regime. It has none left.

As the Chinese government stated, it is time to “de-Americanize the world.” Washington’s leadership has totally failed the world, producing nothing but lies, violence, death, and the promise of more violence. America is exceptional only in the fact that Washington has, without remorse, destroyed in whole or part seven countries in the new 21st century. Unless Washington is replaced with more humane leadership, life on earth has no future.

http://www.paulcraigroberts.org/2014/06/25/new-recession-new-world-devoid-washingtons-arrogance-paul-craig-roberts/

Sadly, I have to agree.

No more "my country, right or wrong". My country is wrong, and we need leadership that will make it right. The current usurper in the White House is a tyrant and a thug, not a leader. IMPEACH HIM !!!

No comments:

Post a Comment