Greenspan's quote says it all....
Posted on 01/01/2012 9:40:16 AM PST by Oldpuppymax
Our US economy is fast falling into a third world economy according to Paul Craig Roberts, former Reagan administration official. “Americans have been betrayed by their government,” he recently told a Georgia television audience when asked if the fault all lies with China.
When the politicians of both parties told us we’d have a new economy with new products available and new types of jobs, basically Roberts is saying we were sold a false bill of goods.
Unless decisive action is taken immediately, he is warning that a demise of the US economy will feature only domestic services and other non-trade products such as wait jobs, bartenders, and ambulatory health care jobs. “We were told we would have a New Economy, but those jobs never appeared,” the Reagan advisor said.
India, especially, has been the recipient of the politicians’ failed economic policies. “The jobs aren’t here anymore.”
So while we were led astray by Congress and at least three presidential administrations into thinking a New World Order that combines large continental areas into common economies would be a good thing for Americans, China is reaping big military results, according to another independent thinker.
Recently Dr. Nick Begich, told a radio audience that while we spend $700 billion on Defense, “China spends $70 billion,” resulting in much higher productivity. Getting a bigger bang for their Chinese buck is giving them such military prowess that “they can move millions of men and women in their armed services anywhere they want to put them on the planet!”
Begich warned us about what China is really doing to America while our own elected officials allow such abuse to go on for decades.
He especially stressed that their hacking of our Defense secrets is a huge crisis because they get “everything they can...
(Excerpt) Read more at coachisright.com ...
But yet we can’t wait to get a new NWO President; Gingrich, Romney, Santorum, etc...
Greenspan's quote says it all....
1). Unions.
2). The minimum wage.
Abolish the minimum wage and make Right-to-Work the law and watch America's economy come roaring back to world dominance. There will be plenty of jobs once the government and labor goons get out of the way.
TAXES.....
Anyone who believed in “new jobs”, “green jobs”, or any of that other crap is too stupid to have a job.
Reagan,Clinton,Bush....they all promoted the destruction of American jobs through “free trade”.
When Reagan dismissed concerns over the loss of American steel mills as our economy moving from smokestacks to service industry,I told my father “we can’t all press each other’s pants for a living”.
America has been sold out ever since Nixon.And Nixon was the last president to advocate an America NOT dependent on foreign energy.
Easy. BRACK 0BAMAO!
Check your Christmas gifts to see where the jobs have gone. Where is the ‘Perot’ who can hear the job sucking sound of government made free trade deals? He will get my vote.
Lost me at Paul Craig Roberts.
More nonsense. Just as China's economy is vastly overestimated by Americans, so is China's military. I'm not claiming it isn't growing, but it is not capable of projecting Chinese power around the "planet".
And we have no idea how much they're spending on it anyway. Their government lies worse than ours.
Go back to sleep.
It’s only a noise...
No jobs? That IS the New Economy.
Unions drove wages up in this country + Companies moved to places where wages were lower = Fewer manufacturing jobs in this country.
Unlike Europe the US is blessed with oil, natural gas, coal and timber. If the politicians stop catering to environmentalists and tapped these resources for development and export. We can generate enough jobs and revenue to pay down our private and national debt.
2011 In Review 2012 Outlook
2011 should have settled once and for all the idea that government and the private sector are NOT a symbiotic relationship but rather a parasitic one.
2011 marked a year that the US economic growth trailed that of many 3rd world countries.
2011 saw for the first time people leaving the US for better opportunity elsewhere.
How does 2012 look?
Anyone who says it might be an improvement must not understand what caused 2011 to be so bad.
The reality is not so complicated. High taxes and excessive regulation were the culprits.
2012 promises to be as bad or worse in those areas.
So any investment strategies that assumes economic contraction and those running things really haven’t a clue would be wise.
As bad as things are I agree with those that said as soon as the current administration is officially a lame duck: “things will turn around so quick it will make your head spin” according to Michelle Bachmann.
Gingrich has said he doesn’t expect to see a turn around until election night and that is one thing I think he is right about.
“Why are there no jobs in America?”
You forgot NAFTA and the Green initiative.
“Unlike Europe the US is blessed with oil, natural gas, coal and timber. If the politicians stop catering to environmentalists and tapped these resources for development and export. We can generate enough jobs and revenue to pay down our private and national debt.”
You are absolutely correct. Truck drivers in the North Dakota oil fields are getting $100k per year and companies can’t find enough of them.
Blaming the unions seems to me to be equivalent of the Left's irrational ranting that the Koch brothers are to blame for all the problems and then some.
There will be a 2011 report this month from BLS. Here's 2010.
[Start]
Highlights from the 2010 data:
--The union membership rate for public sector workers (36.2 percent) was substantially higher than the rate for private sector workers (6.9 percent). (See table 3.) [MOVE THE GOV'T JOBS TO RED CHINA INSTEAD! OK! We won't know the difference.]
--Workers in education, training, and library occupations had the highest unionization rate at 37.1 percent. (See table 3.)
--Black workers were more likely to be union members than were white, Asian, or Hispanic workers. (See table 1.)
--Among states, New York had the highest union membership rate (24.2 percent) and North Carolina had the lowest rate (3.2 percent). (See table 5.)
[End of quotes]
Lot of corporate profits in Red China. That's the reason.
Mean time American corporations stay here and foreign corporations MOVE HERE. How come they can make it? They have real managers perhaps? They know how to manage.
The only reason corporations give away their technology, know how, and intellectual property to our enemy Red China is for immediate benefits for the decision makers.
But when Deng's version of Lenin's New Economic Plan (NEP) ends and ALL the assets of foreign corporations are seized, the Western useful idiots kicked out with NOTHING! Don't go begging Congress for your TARP -- you ain't going to get it!
Many were saying that Gore won that debate against Perot. I doubt they still think so now.
Plenty of jobs in China.
I have long believed that his running for president was entirely to secure the Hillarykare contract -- one sixth of the U.S. economy.
And although I get it about Perot not liking the Bushes, I still think he wanted to win in 1992.
Our economy was booming during the Reagan years. I was making tons of money when he was president. Those were the best times our country had since the Coolidge era.
But in what field were you making this money?
In a country with no manufacturing the importer of foreign-made goods usually makes tons of money!Also doctors,lawyers,and government officials do well in such countries;it is the middle clas that disappears.
We don’t make the clothes,lightbulbs,computers,toasters,nor a huge percentage of the cars,trucks,furniture,and now even the books are being printed in China!And then there is the importationn of Arab oil....
Are we to repeat the colonial era Indians’ mistake of selling their land to pay off the debt from imported manufactured goods?
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