Free Republic

As anyone who has ever suffered through Lou Dobbs' show can tell you, to see it once is to see every episode. We've said it before: He has the best gig on television -- or anywhere for that matter -- in that he does the same show night after night. Every night he serves up a daily dose of misery and mayhem wrapped around a singular theme: America is going to hell in a handbasket. Indeed, it is the darker, TV equivalent of the movie, "Groundhog Day." And so it was on Tuesday when Punxatawney Lou's clock radio turned over...

For over four decades, observant and open-minded individuals have become deeply concerned about the future of our great nation. They refused to accept the rosy official and media testimony regarding our nation's fiscal and monetary integrity. Similarly, they did not believe the negative rhetoric directed towards gold. Just as these independent thinking and far-sighted people recognized that one plus one would always equal two they also knew that no one, nor no nation, could create something from nothing. Throughout this period they witnessed the U.S. government and the Federal Reserve banking system work together to create U.S. dollars from thin...

[...] It's progressive politicians who should be paying more attention. More than a hundred years ago, Charles Dickens's cockeyed optimist, Wilkins Micawber, explained to David Copperfield that the difference between happiness and misery involves the positive or negative difference between income and expenses. [...] As the government confirmed once again last week, rising costs have outpaced stagnant wages in ten of the last 12 months. [...] The Bush administration is in an ideological straitjacket. But progressive politicians have several issues they should raise, particularly long overdue increases in the minimum wage and the earned income tax credit -- kitchen table...

The United States continues its descent into the Third World, but you would never know it from news reports of the Bureau of Labor Statistics' July payroll jobs release. The media give a bare-bones jobs report that is misleading. The public heard that 207,000 jobs were created in July. If not a reassuring figure, at least it is not a disturbing one. On the surface, things look to be pretty much OK. It is when you look into the composition of these jobs that the concern arises. Of the new jobs, 26,000 (about 13 percent) are tax-supported government jobs. That...

Watching the Economy Crumble Paul Craig Roberts Wednesday, Aug. 10, 2005 The United States continues its descent into the Third World, but you would never know it from news reports of the Bureau of Labor Statistics' July payroll jobs release. The media give a bare-bones jobs report that is misleading. The public heard that 207,000 jobs were created in July. If not a reassuring figure, at least it is not a disturbing one. On the surface, things look to be pretty much OK. It is when you look into the composition of these jobs that the concern arises. Of the...

Washington -- DURING the cold war, as the Soviet economic system slowly unraveled, internal reform was impossible because highly placed officials who recognized the systemic disorders could not talk about them honestly. The United States is now in an equivalent predicament. Its weakening position in the global trading system is obvious and ominous, yet leaders in politics, business, finance and the news media are not willing to discuss candidly what is happening and why. Instead, they recycle the usual bromides about the benefits of free trade and assurances that everything will work out for the best. Much like Soviet leaders,...

Transparent Quicksand With all the mock rapt attention directed to the hush-hush-what’s-the-Fed-going-to-say statement that followed the ¼% rate hike Tuesday, there was a puzzling ending to the affair that says a lot about what’s really happening on Planet Wall Street. At the appointed hour of 2:15 eastern time May 3rd, 2005, the Fed announced its eighth consecutive ¼ pt. increase in the Fed Funds rate. This move of course was widely expected. The drama was attached to what the Fed would say in its statement to follow. For months now the Fed has made clear its intention to continue interest...