Our 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 U.S. 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 results — including its military, according to another independent thinker.
Recently, Dr. Nick Begich told a radio audience that while we spend $700 billion on defense….
Read more from Suzanne Eovaldi, FloydReports.com.