Paul Craig Roberts Archive
Paul Craig Roberts was Assistant Secretary of the Treasury for Economic Policy and associate editor of The Wall Street Journal. He was columnist for Business Week, Scripps Howard News Service, and Creators Syndicate. He has had many university appointments. His Internet columns have attracted a worldwide following, and can be accessed here. Email this author.
Last Friday, the U.S. Bureau of Labor Statistics reported that in the first month of this year 243,000 jobs were created and the unemployment rate fell to 8.3 percent. This good news is a mirage.
If Ron Paul’s libertarian handlers and support base could escape their ideology, Paul could be much better positioned to win the Republican nomination.
Jobs offshoring, financial deregulation and 10 years of wars have severely damaged the U.S. economy and the economic prospects of 90 percent of the American population. The signs are everywhere in front of our eyes. They are in the income distribution data, the BLS jobs data, the Census data, the poverty figures, and the high number of food stamp recipients.