Saturday, October 9, 2010

The Father of Reaganomics on the "New Economy"

While "[t]he millions of unemployed today are blamed on the popped real estate bubble and the subprime derivative financial crisis," Paul Craig Roberts reminds us that "the US economy has been losing jobs for a decade" — America's Third World Economy. "As manufacturing, information technology, software engineering, research, development, and tradable professional services have been moved offshore, the American middle class has shriveled."

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6 Comments:

OpenID danightman said...

And so the United States of Argentina continues its downward slide, hidden by data so obviously cooked even the economists that the controllers couldn't turn it around if they wanted to because they don't have reliable information to go on.

What is the only way out? We have to break up the banks, end the Federal Reserve that is increasingly making money out of nothing to buy up the government's debts, and perhaps, break up the Ampire once and for all.

9:39 PM  
Blogger The Western Confucian said...

Agreed, but it will be a difficult task given that these traitors clothe themselves as patriots, and any criticism of them is smeared as as anti-Americanism.

10:00 PM  
OpenID danightman said...

Let me give you an image that puts everything, including the mortgage title robosigning scandal, into perspective, inspired by an article in Zero-hedge financial blog.

We're the fish, and the banksters and their government corporatist enablers are the hawk.

Any questions?

3:00 AM  
Blogger The Western Confucian said...

I'm afraid the "image" link is broken.

9:28 AM  
OpenID danightman said...

The URL for the image is here.

10:15 AM  
Blogger The Western Confucian said...

Excellent picture.

6:50 PM  

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