Fri Feb 26 10:38:27 EET 2016
From counterpunch.org: The US Economy Has Not
Recovered and Will Not Recover
From counterpunch.org:
The US Economy Has Not Recovered and Will Not Recover by Paul
Craig Roberts.
Some quotes:
The US economy died when middle class jobs were
offshored and when the financial system was
deregulated.
The debt expansion, tied heavily to housing mortgages,
came to a halt when the fraud perpetrated by a deregulated
financial system crashed the real estate and stock markets. The
bailout of the guilty imposed further costs on the very people that
the guilty had victimized.
According to a poll last autumn, 53 percent of
Americans say that they feel like a stranger in their own
country.
The US government will not be happy until no one lives
long enough to collect Social Security.
Paul Craig Roberts is a former Assistant Secretary of
the US Treasury and Associate Editor of the Wall Street
Journal.
Posted by j |
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