Former Assistant Treasury Secretary Dr. Paul Craig Roberts has a dim view of the so-called “economic recovery.” Dr. Roberts contends, “There has been no recovery whatsoever. . . . If you look at the economy realistically, and that means you don’t use their phony numbers, there has been no recovery whatsoever and, in fact, it continues to worsen. We see that the “Labor Force Participation Rate” continues to sink. . . . When you consider the full measure of unemployment . . . we still have an unemployment rate of 23% after 7 years of an alleged recovery? I think this is the first so-called recovery where the labor force fell. Normally, when you have a recovery, people re-enter the labor force and the participation rate rises. . . . How do you have 5% unemployment when half of all 25 year old people have to live at home with their parents? What kind of a “recovery” is that? They say there is no inflation, but everyone that goes shopping knows that is a lie. . . . It’s all just a package of smoke, mirrors and lies.”
Don’t expect this to turn around anytime soon. Dr. Roberts says, “There is no opportunity for the middle-class. It must be shrinking. I would say the U.S. economy is in long-term decline. Rigging the way you measure inflation, rigging the way you measure unemployment, that may fool ordinary people, but that does not fool those of us who look at the numbers.”
On war, Dr. Roberts’ view is dire and goes on to explain, “Everything that previous presidents have done to try to defuse the kind of tensions between nuclear powers that could lead to war, all this has been thrown away by Clinton, George W. Bush and the current White House fool. It’s all due to the Neoconservatives. So, yes, we are in a more dangerous situation than in the worst part of the cold war. Thanks to the Neoconservatives and thanks to the American ‘presstitute’ media with people who lie for a living, we are in more danger than we have ever been. A war could result, and if it doesn’t, then it’s just because Putin has got too much sense. I don’t think Putin is going to absorb these provocations forever, and I don’t think he’s going to put up with any more nonsense in Ukraine. That was a part of Russia longer than the United States has existed. . . .Can you imagine anything more insane and reckless than you go into a part of Russia, that has only been independent for a few years, and overthrow a democratically elected government that is getting along with Russia and stick in an American puppet with all these crazed right-wing Nazi people and cause all this trouble with Russia and tell endless lies about it? What is more reckless and irresponsible? That is the way the United States government is behaving. If you can do things that stupid, you can cause a nuclear war.”
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.