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America’s Superpower Days are Over
Paul Craig Roberts
Thursday, January 12, 2006
America’s Superpower Days are Over
President George W. Bush has destroyed America’s economy, along with America’s reputation as a truthful, compassionate, peace-loving nation that values civil liberties and human rights.
Nobel Prize-winning economist Joseph Stiglitz and Harvard University budget expert Linda Bilmes have calculated the cost to Americans of Bush’s Iraq war to be between $1 trillion and $2 trillion. This figure is 5 to 10 times higher than the $200 billion that Bush’s economic adviser Larry Lindsey estimated.
Lindsey was fired by Bush because his estimate was three times higher than the $70 billion figure that the Bush administration used to mislead Congress and the American voters about the burden of the war. You can’t work in the Bush administration unless you are willing to lie for dub-ya.
Americans need to ask themselves if the White House is in competent hands when a $70 billion war becomes a $2 trillion war. Bush sold his war by understating its cost by a factor of 28.57. Any financial officer anywhere in the world whose project was 2,857 percent over budget would instantly be fired for utter incompetence.
Bush’s war cost almost 30 times more than he said it would because the moronic neoconservatives that he stupidly appointed to policy positions told him the invasion would be a cakewalk. Neocons promised minimal U.S. casualties. Iraq already has cost 2,200 dead Americans and 16,000 seriously wounded—and Bush’s war is not over yet. The cost of lifetime care and disability payments for the thousands of U.S. troops who have suffered brain and spinal damage was not part of the unrealistic rosy picture that Bush painted.
Stiglitz’s $2 trillion estimate is OK as far as it goes. But it doesn’t go far enough. My own estimate is a multiple of Stiglitz’s.
Stiglitz correctly includes the cost of lifetime care of the wounded, the economic value of destroyed and lost lives, and the opportunity cost of the resources diverted to war destruction. What he leaves out is the war’s diversion of the nation’s attention away from the ongoing erosion of the U.S. economy. War and the accompanying domestic police state have filled the attention span of Americans and their government. Meanwhile, the U.S. economy has been rapidly deteriorating into Third World status.
In 2005, for the first time on record, consumer, business and government spending exceeded the total income of the country. Net national savings actually fell.
America can consume more than it produces only if foreigners supply the difference. China recently announced that it intends to diversify its foreign exchange holdings away from the U.S. dollar. If this is not merely a threat in order to extort even more concessions from Bush, Americans’ ability to consume will be brought up short by a fall in the dollar’s value, as China ceases to be a sponge that is absorbing an excessive outpouring of dollars. Oil-producing countries might follow China’s lead.
Now that Americans are dependent on imports for their clothing, manufactured goods and even high technology products, a decline in the dollar’s value will make all these products much more expensive. American living standards, which have been treading water, will sink.
A decline in living standards is an enormous cost and will make existing debt burdens unbearable. Stiglitz did not include this cost in his estimate.
Even more serious is the war’s diversion of attention from the disappearance of middle-class jobs for university graduates. The ladders of upward mobility are being rapidly dismantled by offshore production for U.S. markets, job outsourcing and importation of foreign professionals on work visas. In almost every U.S. corporation, U.S. employees are being dismissed and replaced by foreigners who work for lower pay. Even American public school teachers and hospital nurses are being replaced by foreigners imported on work visas.
The American Dream has become a nightmare for college graduates who cannot find meaningful work.
This fact is made abundantly clear from the payroll jobs data over the past five years. December’s numbers, released on Jan. 6, show the same pattern that I have reported each month for years. Under pressure from offshore outsourcing, the U.S. economy only creates low-productivity jobs in low-pay domestic services.
Only a paltry number of private sector jobs were created—94,000. Of these 94,000 jobs, 35,800—or 38 percent—are for waitresses and bartenders. Health care and social assistance account for 28 percent of the new jobs, and temporary workers account for 10 percent. These three categories of low-tech, nontradable domestic services account for 76 percent of the new jobs. This is the jobs pattern of a poor Third World economy that consumes more than it produces.
America’s so-called First World superpower economy was only able to create in December a measly 12,000 jobs in goods-producing industries, of which 77 percent are accounted for by wood products and fabricated metal products—the furniture and roofing metal of the housing boom that has now come to an end. U.S. employment declined in machinery, electronic instruments, and motor vehicles and parts.
Two thousand six hundred jobs were created in computer systems design and related services, depressing news for the several hundred thousand unemployed American computer and software engineers.
When manufacturing leaves a country, engineering, R&D and innovation rapidly follow. Now that outsourcing has killed employment opportunities for U.S. citizens and even General Motors and Ford are failing, U.S. economic growth depends on how much longer the rest of the world will absorb our debt and finance our consumption.
How much longer will it be before “the world’s only remaining superpower” is universally acknowledged as a debt-ridden, hollowed-out economy desperately in need of IMF bailout?
COPYRIGHT 2006 CREATORS SYNDICATE INC
http://www.chroniclesmagazine.org/cgi-bin/...ica_s_Superpowe
Critical Mass
Posted : 15/01/2006 8:45 pm
Another consequence of the annihilation of U.S. industry by the jews and traitors is this. There will be a White brain drain away from America and all White nations. Intelligent, educated, skilled White men -- although fewer and fewer (because discriminated against and displaced by non-whites in colleges) -- will begin emigrating to non-white countries with superior prospects, like China and India. The White race in America will not only get poorer, but dumber. The Whites who emigrate to China and India will doubtless take non-white mates.
The jews have been amazingly clever, eh? Attacking us on so many fronts simultaneously. Only a massive White Revolution will save us. And it better come soon.
Posted : 15/01/2006 8:56 pm
I doubt their first choice will be China or India due to language and culture barriers. Americans have abysmal training in foreign languages compared to the natives in India or China, and simply could not adapt. I believe most would go to Europe. I would hope to lure many into Eastern Europe if possible.
Hey morons!! BAN ME!!!
Posted : 15/01/2006 9:01 pm
No one yet asked the question what's going to happen to India and China when they will cease the parasitic relationship with the West. They don't exactly have a good record of innovation and maintaining first-world society.
Posted : 15/01/2006 9:12 pm
The new superpower of America does not include you and me, or your kids. The government is acting on a plan of world domination drafted after the fall of the Soviet Union. The aquisition of resources around the globe to insure the energy future of this country is the game plan. Strike while the Iron is Hot! This also applies to any country who dosen't want to play with America on the world economic stage. If it makes you feel better to call it the New World Order, then do so. The point is....This does not include you and me...we are peassants, a number, a taxpayer, a gerbal. Do your job, pay your taxes and keep your fucking mouth shut!!!Lee
The Map Says It All!
Posted : 15/01/2006 9:18 pm
Oh yeah? How's this for "superpower", punk?
Posted : 15/01/2006 9:22 pm
IS THAT A DODGE? DOES IT RUN? Or should I say: Does it START?
The Map Says It All!
Posted : 15/01/2006 9:26 pm
The jews have been amazingly clever, eh? Attacking us on so many fronts simultaneously. Only a massive White Revolution will save us. And it better come soon.
It doesn't take much cleverness to set fire to the grandest of structures. Or to take a crap on the most lovely of paintings. Or to drive a bulldozer over an innocent white girl. Or to take an axe to the finest of sculptures. Or to rape a helpless child. Or to stab a man in the back. Or to dupe a simpleton out of his hard-earned money.
No, not clever. Just really good at destroying that which they hate, simply because they could never create it themselves.
Posted : 15/01/2006 9:27 pm
I doubt their first choice will be China or India due to language and culture barriers. Americans have abysmal training in foreign languages compared to the natives in India or China, and simply could not adapt. I believe most would go to Europe. I would hope to lure many into Eastern Europe if possible.
China and India have the largest English speaking populations on earth, I would think the cultural barriers would be the main obstacle. They also have an abundance of human capital already, so much so they export their own people to other countries. So they really wouldn't need many Whites there, maybe just for positions in upper management. Eastern Europe simply doesn't have the means or infrastructure to take on large number of immigrants. Canada has an abundance of open land and is rich in natural resources, but their government is essentially anti White.
Hail Jeboo!
Posted : 15/01/2006 9:33 pm
I doubt their first choice will be China or India due to language and culture barriers. Americans have abysmal training in foreign languages compared to the natives in India or China, and simply could not adapt. I believe most would go to Europe. I would hope to lure many into Eastern Europe if possible.
Slovjanski, this is a bit of a digression from the thread topic, but I was wondering if you yourself are currently living in Eastern Europe. I ask because I am very seriously considering ditching America and moving to eastern Europe.
Posted : 15/01/2006 9:39 pm
Slovjanski, this is a bit of a digression from the thread topic, but I was wondering if you yourself are currently living in Eastern Europe. I ask because I am very seriously considering ditching America and moving to eastern Europe.
I am not currently there but I support your decision. I am seeking work preferably in a place like Croatia at first, then Russia or Belarus.
Hey morons!! BAN ME!!!
Posted : 15/01/2006 9:51 pm
I've written you a private message Slovjanski.
Posted : 15/01/2006 10:13 pm
I doubt their first choice will be China or India due to language and culture barriers. Americans have abysmal training in foreign languages compared to the natives in India or China, and simply could not adapt. I believe most would go to Europe. I would hope to lure many into Eastern Europe if possible.
Yes, I agree with you on this. However, already many Whites have emigrated to China and Japan. So I think this will also continue.
Russia is becoming an economic power and, if it can reverse its White population drop and alcoholism and if it can continue to diminish the influence of kikes and avoid full-on "democracy," it will overtake the U.S. rather quickly (as we decline). This will, hopefully, attract our best White men -- as emigres to marry the beautiful Russian girls as well as bolster the White population in what may be the nation of the White Race's final stand.
Posted : 15/01/2006 10:43 pm
China and India have the largest English speaking populations on earth, I would think the cultural barriers would be the main obstacle. They also have an abundance of human capital already, so much so they export their own people to other countries. So they really wouldn't need many Whites there, maybe just for positions in upper management. Eastern Europe simply doesn't have the means or infrastructure to take on large number of immigrants. Canada has an abundance of open land and is rich in natural resources, but their government is essentially anti White.
Canada has one particular resource which will become increasingly important: 3/4 of the world's potable water.
Posted : 15/01/2006 10:45 pm
It doesn't take much cleverness to set fire to the grandest of structures. Or to take a crap on the most lovely of paintings. Or to drive a bulldozer over an innocent white girl. Or to take an axe to the finest of sculptures. Or to rape a helpless child. Or to stab a man in the back. Or to dupe a simpleton out of his hard-earned money.
No, not clever. Just really good at destroying that which they hate, simply because they could never create it themselves.
Well stated. You may be right. Though I continue to think they have in their genes or have the whisperings into their ear of...PURE ALIEN EVIL. That's a kind of specialized intelligence.
Posted : 15/01/2006 10:50 pm
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