Posted on 03/30/2016 1:21:12 PM PDT by Uncle Miltie
The rapid deterioration of our economy is attributable to the wholesale liquidation of our best companies to foreign interests. The U.S. has sold more than 16,000 of our best companies in the last 30 years to these foreign interests. This trend erodes our ability to generate earnings, and tax revenues to sustain our current standard of living – resulting in our reliance on imports thus creating uncontrolled and escalating foreign debt.
Holding our debt our jobs and the production of our goods, foreign countries have ultimate leverage over our policies and our future. If we allow this to continue, it will cause our economy to take on a profile similar to a third world country in that we will no longer be providing for ourselves. This direction would ultimately head toward colonial status as America was in 1776; owned controlled and managed by foreign masters.
The American sellout is happening faster than ever as our companies are being taken over in a buying frenzy by foreign investors – like piranha consuming its weakened prey. Many of these companies have taken one hundred or more years to develop and were the source of our wealth, strength, and living standards; now overnight, gone. We should be concerned and even outraged that our government let this happen.
• So-called “free trade” systematically destroys our ability to produce products competitively
• Stronger regulations should be put in place restricting foreign purchasing of US companies
• Economic policy should be derived from facts and results not merely theories and blind faith
• As citizens and consumers we have the power to effect change
• We need grassroots support of our citizens regardless of political, social, or religious affiliations
• We need true political, corporate, and industry leadership and patriotism to preserve and foster the strength of this country, its citizens, and it industries
Economy In Crisis, INC (EconomyInCrisis.org) is a non-profit corporation dedicated to educating legislators and the American public on the destruction of our country’s industrial base, the impact this has on national and economic security, and how it effects our standard of living. We publish critical but overlooked facts and figures, keeping our readers up-to-date with daily articles regarding the U.S. economy.
We compare what led to American industrial and economic world leadership with current policies and the present crippling of our industries. We then objectively extrapolate the near-term outlook and risks for our country, businesses and individuals. When possible we offer solutions to our weakening economic condition.
Out of concern for America’s deteriorating economic condition, those responsible for EconomyInCrisis.org donate their expertise and time. Economy In Crisis does not support any political organization or corporate interest.
“EconomyinCrisis.org is packed with valuable information documenting America’s economic decline.”
-Paul Craig Roberts, former Assistant Secretary of the Treasury
“EconomyInCrisis.org is one of my favorite Web sites. It’s just a remarkable insightful look at what’s going on with our economy.”
-Thom Hartmann, Air America Radio
“EconomyInCrisis.org has the information that allows everyone to easily understand what is happening in the American and world economies.”
-Pat Choate, Economist and author
Sadly the country deserves to be cursed based on the decisions made by the majority its populace. It’ll only get worse from here.
Paul Craig Roberts
A strong critic of the Bush (and later Obama) administrations’ handling of the War on Terror, he has taken positions strongly at odds with mainstream politicians: harshly criticising the ineffectiveness, severity and high rates of incarceration associated with the War on Drugs, excessive police violence and use of SWAT teams against civilians. He has criticised the law and order politics and congressional approval of increased government surveillance associated with the War on Terror age, which he views as fundamental threats to the civil liberties and Right to Privacy enshrined in the US constitution, opening the way for an oligarchic police state to be imposed upon the US population.[7] A vocal critic of neoliberalism, US oligarchy and the financialization of the economy, his articles have addressed and criticized outsourcing, economic deregulation, privatisation of social services, Wall Street finance fraud and lax enforcement of environmental protection laws.[8] He has also been a vocal opponent of taxing social-security payments, holding that this amounts to a “tax on a tax” or privatising social-security believing this would create and opportunity for speculators to play with and lose the hard-earned savings of retirees.[9]
A supporter of the the human rights of the population of occupied Palestine, he has criticized Israel’s policies and harsh actions against the Palestinians[10] as well as speaking out against what he calls the Israel Lobby’s malign influence within US politics and academia.[11]
Takeaways:
Anti-drug enforcement.
Pro-Environmental law enforcement.
Pro-Palestinian.
Anti-Israel.
“In a column for the Ron Paul Institute, Roberts said that the U.S. government executed the Charlie Hebdo attack in Paris to punish France for its independent foreign policy.”
Oh my. Is this the anti-freedom guy you keep quoting?
He is right on trade and that is the biggest threat to the USA now.
“In a 2009 article for Counterpunch magazine, titled “Pirates of the Mediterranean,” Roberts wrote that for 60 years, Israel has replicated “the 17th, 18th, and 19th century theft of American Indian lands by US settlers.” Roberts repeated accusations that Gaza is “the world largest concentration camp,” populated by people who were “driven out of Palestine so that Israel could steal their land.” He called the U.S. State Department a “puppet” of the Israelis and the U.S. a “puppet state” of the Israelis.”
Oh my.
PCR was posted a lot here, before he went full 9/11 Truther.
I agree.
Having taken a look, I agree that EIC is clearly run by economic Patriots whose concern is America First, as opposed to the stateless, rootless hustlers, opportunists and chicken warriors of the globalist stripe who made fraudulent claims leading to the fake trade agreements which were really just unilateral trade surrender on the part of the U.S.
As for Club for Growth, Right to Rise!, PNAC, AIPAC and other fellow travelers of the Soros “sell your friends to the guy with the Zyklon B” kind, they all deserve to be deported if not tried and executed for Treason against the States that were United.
I am posting articles from that website. Some are re posts from other websites like Free Republic does. The subject matter stands on its own. If the cannot debate the subject matter at hand then that is your problem.
“EconomyInCrisis.org is one of my favorite Web sites. It’s just a remarkable insightful look at what’s going on with our economy.” -Thom Hartmann, Air America Radio
Air America? Really?
http://www.huffingtonpost.com/pat-choate/
Pat Choate, former running mate of (wait for it ....) H. Ross Perot and a fan of Economy in Crisis, is a regular contributor at Huffington Post.
Hmmmmmmm........
We compare what led to American industrial and economic world leadership with current policies and the present crippling of our industries. We then objectively extrapolate the near-term outlook and risks for our country, businesses and individuals. When possible we offer solutions to our weakening economic condition.
Out of concern for America’s deteriorating economic condition, those responsible for EconomyInCrisis.org donate their expertise and time. Economy In Crisis does not support any political organization or corporate interest.
“EconomyinCrisis.org is packed with valuable information documenting America’s economic decline.” -Paul Craig Roberts, former Assistant Secretary of the Treasury
“EconomyInCrisis.org is one of my favorite Web sites. It’s just a remarkable insightful look at what’s going on with our economy.”
-Thom Hartmann, Air America Radio
“EconomyInCrisis.org has the information that allows everyone to easily understand what is happening in the American and world economies.”
-Pat Choate, Economist and author
Looks like Paul Craig Roberts is a critic of the website not is backer. LOL
Look a < expletive deleted > head like you isn’t indicative of free republic. Guilt by association much? Are you a Fascist?
Instead of criticizing the critics how about challenging the content presented?
So for their credits page, “Economy In Crisis” lists an anti-Semite, an Air America Radio guy, and a Huffington Post contributor.
That’s Economy In Crisis, a favored posting source for the protectionist FReeper “central_va”.
Impeaches your sources with their own histories.
Always a pleasure.
Milt - we can agree that most of what they say is nuts. But let’s not confuse Central_VA’s point with these people being nuts.
When I lurked and FREEPED during impeachment and joined FR during the Buchanan/Bush NH primary, it was primarily trade deals that got me to post articles and comments etc. There’s no doubt that the few of us here that warned against the WSJ’s GATT, WTO, NAFTA etc. - we’re correct insofar as non-reciprocal free trade would eventually be our undoing when coupled with endless war, open borders and a debt fueled welfare state.
It’s undeniable that we have much, much less to work with now than we had then. We had a balanced budget, we only owed a few trillion dollars, there was still a manufacturing base, there was still a work ethic. But we haven’t lost the game yet, there are still patriotic Americans, and were still running on enough fumes to get out of this. If we stop right now.
Duties and fees and tariffs are in the Constitution - Ricardo and Bastiat are not. Robert Bartley is not. Dogmatic Free Trade is not.
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