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.
Advertisement – story continues below
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, and then take it from there.” Using rice bowl wages, Begich told listeners that they can build ships while the US can’t measure up in productivity. They are building ships “for a bowl of rice,” he said.
So have the progressive policies that have given us very high benefits and high union wages just swung the United States economic pendulum too far in the red to recover from the spiral which these two independent thinkers have described? Begich, an Alaskan scientist, tells of the huge potential not being utilized in our hunt for energy independence. But he really leaves us on an uplifting note when he extols the innate capabilities humans have when left to create and produce without confusion, agitation and utter distraction.
Advertisement - story continues below
The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by the owners of this website.
What do you think? Scroll down to comment below.