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  • Watching the Economy Crumble

    08/10/2005 11:58:50 AM PDT · by Willie Green · 41 replies · 2,458+ views
    HUMAN EVENTS ^ | Aug 9, 2005 | Paul Craig Roberts
    The United States continues its descent into the Third World, but you would never know it from news reports of the Bureau of Labor Statistics' July payroll jobs release. The media give a bare-bones jobs report that is misleading. The public heard that 207,000 jobs were created in July. If not a reassuring figure, at least it is not a disturbing one. On the surface, things look to be pretty much OK. It is when you look into the composition of these jobs that the concern arises. Of the new jobs, 26,000 (about 13 percent) are tax-supported government jobs. That...