[msnimje]

Man, is that guy in a bad mood!

[John Scopes]

If the economy does cycle downward, just be very thankful that a liberal dimocrat is not in the whitehouse. If Carter, Clinton, Gore, Kerry, the other Clinton or Karl Marx were in the whitehouse, any downward cycle would no doubt be exponentially worse. You would also have the added bonus of a more rapid plunge into the immoral abyss.

The author still does not understand that our best 'information gathering sources' told the whitehouse that Iraq had WMDs. The author has allowed the liberal liars to brainwash him into believing their baseless propaganda.

[John Lenin]

I agree with what he is saying excpet for who he tries to blame. The sellout began with NAFTA but China is making NAFTA look like peanuts.

[risk]

A venal and self-important Washington establishment combined with a globalized corporate mentality have brought an end to America's rising living standards.

...of both parties, and of the elites, who need not worry -- yet. Victor Davis Hanson has argued that the implosion of America's border and economic security, and its cultural integrity is a bipartisan and all-class responsibility. Where will it end? Cheap lettuce, cheap TVs, cheap toasters, cheap houses, and cheap computer parts. Meanwhile, the youth of America is watching us with their teeth clenched.

And these were practically non-issues during the last presidential election.

[Mo1]

WOW .. this dude gives a whole new meaning to doom and gloom

me thinks he needs to losen up his tin foil hat

[NoControllingLegalAuthority]

The greatest threat to our country is the sad state of public education. Our young people are becoming functionally illiterate. Bill Gates has discussed this recently and he should know. Microsoft's future depends on the young people they can hire and Gates is not impressed with the current crop.

I believe the nation is in danger for this reason.

[GeronL]

Paul needs to stick to politics, his economics are off.

---

http://www.brookesnews.com/052802ft.html

well, he's wrong. read the linked article

[Redcloak]

Um... OK... Thank you for sharing, Dr. Dean.

[Red6]

:)

What a joke.

Red6

[Lancey Howard]

The sky is falling again....

[demecleze]

North America will just be North Mexico in 50 years anyway.

I think it is 2 million illegal aliens a year is it not?

[Casloy]

What difference does it make, if the asteroid doesn't hit us first, certainly global warming is going to do us in well before the economic crisis hits.

[advance_copy]

The U.S. economy is failing

No, the U.S. economy WAS failing in the 1970s. Today:

3.8% consistent growth in GDP
5.4% unemployment
2.5% interest rates
2.2 million jobs in one year

Jimmah Carter must be rolling over in his grave. What? Jimmah's still alive? Well, whoop dee doo.

[tm22721]

The stock market is the best bellwether of economics.

The stock market peaked in 1966 and the deficits (war and oil) of the late Vietnam era led to the stagflation of the late 70s.

We are in a similar situation now. The stock market peaked in 2000, now we are coasting but have large twin deficits again. The malaise will be clear by 2008 but it will be too late by then to do anything about it (as in the Carter years).

Then it will take the discipline of a Volcker and the positive can-do attitude of a Reagan to pull us out of the ensuing despair.

The parallels are breathtaking. Prepare and you will ride through it. Unfortunately for those on fixed incomes it will be a rough ride.

BUMP

[beyond the sea]

I don't know if this is proper to ask but: When I posted this article, for some reason, I did not notice the first sentence and the part "preoccupied with nonexistent weapons of mass destruction in the Middle East." I find that conclusion by the author very presumptuous and wrong and so have a good number of other posters.

Is it possible to remove the first sentence? I do not want the article to offend anyone with the sentiment indicated by that first sentence.

I posted the article just for the questions raised about the dollar and the world economy.

Thanks in advance for any help possible.

[Dont_Tread_On_Me_888]

Thank you for posting this wonderful article by such a respected author and commentator.

Exposing potential problems is how citizens raise yellow flags and start to question potentially dangerous problems.

Hitler burnt books and censured authors. Never forget that. We need alternative opinion, especially by such respected writers.

[finnigan2]

Story by Paul Roberts, AKA Chicken Little.

[Poohbah]

Has Paul Craig Roberts professed Shahada yet?

[SlowBoat407]

There's something "off" about the way this is written. It's a laundry list of ills designed to drive the reader to despair, but it is a poorly constructed essay, almost as if it were missing a thesis or conclusion.

I'm not familiar with the writer, so I don't know how it stacks up with his other work, but the piece just seems to float in place, a black cloud with no silver lining. What shall we do about these problems? Do we just give up? The writer does not lead us anywhere.

I give it a 5. Interesting message, but you can't dance to it.

[chilepepper]

Paul Craig Roberts has turned into a Norm Chomsky style anti-American ranter... the US economy, while not in its best shape ever, is in pretty good shape, specially compared to the rest of the world... the doom and gloom just ain't there.