Paul Craig Roberts: "Loss of Jobs in America"

Newsmax.com ^ | Roberts, Paul Craig

[dasboot]

If you are not for border and immigration enforcement

I am for strict border enforcement, but more against the circumstance that drives the non-productive and criminal here: the welfare safety net, and the ease with which fraud may be used within the net.

[JNB]

Businessmen have a duty to obey the law. If they hire illegals, they do not obey the law. The US untill the late 60s was a nation of laws, and sadly laws being obeyed have fallen out of favor. Economic death? Oh please, illegal immigration is a de facto govrenment subsidy to the businessman and corporations.

[Theodore R.]

Roberts was the assistant secretary of the treasury (to Don Regan) in the Reagan administration. He was a staunch supply-sider before that term became popular some 20 years ago.

[sourcery]

The only solutions offered are to limit freedom, force, require, compel, etc. Poison antidotes.

I agree that limiting freedom is economic poison. But not all the bears and critics of current policy advocate such. I don't, for one. But I do expect that that's what will happen, whether we like it or not. In the end, we'll repeat all of Hoover's mistakes. We've already made a great start.

[Reagan Man]

I know who Roberts is and I see what he's become.

US manufacturing accounts for $3.2 trillion of GDP. The sky is not falling, chicken little.

[dasboot]

In the end, we'll repeat all of Hoover's mistakes.

I don't buy that line about Hoover. I think it was inaction--hands off--that was lambasted (the correct approach, I think) by the Democrats; and there's a body of historical evidence to strongly suggest the actions he finally did offer up (also good policy) were thwarted by the New Dealers in order to really mash things up for the benefit of their populist-driven agglomeration of centralized power.

Been a while since I've studied the era, but I am left with the strong impression that Herbert gets the blame wrongly; and things would have gotten better a whole lot quicker than they did under FDR, had Hoover been elected for another term. That depression was world-wide, and was not his offspring. [no matter what Democrats say]

[sourcery]

FDR simply duplicated Hoover's policies to a greater extent and extreme. FDR is responsible for greatly prolonging the Depression. But Hoover was responsible for making things worse than they would have been, had he actually followed the "laissez-faire" policies the Democrats wrongfully accused him of. Hoover was a "progressive" who followed in the footsteps of Teddy Roosevelt, not a classical old-school conservative.

Reference: America's Great Depression

[dasboot]

That sounds about right.