WASHINGTON, September 17, 2014 – Some of the smartest people in the room claim that America’s Great Recession has long since passed. To these folks, it is nothing more than a fact of history; not quite so forgotten as the early ‘90s economic downturn, but certainly nothing worthy of “current affair” status.
Most other Americans would probably disagree, though. Times are still tight for millions. Whether it’s the college graduate who can only find unskilled service sector employment or the white collar professional who was laid off and can’t secure a job featuring decent income, people from all sides of the age, education, and even class spectrums are feeling the pain.
In spite of this, our national unemployment rate has dropped somewhat. Though this seems good at first glance, the reality is that those underemployed or who have given up looking for work are not taken into consideration. Beyond that, scores of well-paying jobs have been sent to foreign nations, leaving empty factories, distribution centers, and in some cases office buildings, in their wake.
The American economy is crumbling under the weight of its own dysfunction.
Dr. Paul Craig Roberts doesn’t engage in groupthink. As an assistant Treasury secretary under Ronald Reagan, he played a key role in formulating the Gipper’s now-legendary fiscal policy. As a journalist, he made no bones about reporting the facts as he saw them. Now, as a columnist, he shares his opinions about America’s turbulent sociopolitical climate.
Most pundits talk a good game about economics and politics. Few, however, are prepared to deliver anything beyond a superficial analysis of our time’s most controversial issues. Agree or disagree with the Doctor, his ideas are genuine, and they’re his own.
Dr. Roberts joins us for a frank discussion about America’s economic predicament on the next episode of Cotto & Company; a new thirty-minute-or-so online radio program featuring independent voices who shape our society. Regardless of partisan registration, political philosophy, or personal worldview, the goal is sharing diverse, and often innovative, ideas that we all can learn from.
I’m your host.
As with my work as a Communities Digital News journalist and nationally syndicated columnist, I hope to bring about deeper understanding of the issues which impact our society. Even if we don’t always agree, we should be able to see eye to eye.
Copyright 2014 Communities Digital News
• The views expressed in this article are those of the author and do not necessarily represent the views of the editors or management of Communities Digital News.
This article is the copyrighted property of the writer and Communities Digital News, LLC. Written permission must be obtained before reprint in online or print media. REPRINTING CONTENT WITHOUT PERMISSION AND/OR PAYMENT IS THEFT AND PUNISHABLE BY LAW.
Correspondingly, Communities Digital News, LLC uses its best efforts to operate in accordance with the Fair Use Doctrine under US Copyright Law and always tries to provide proper attribution. If you have reason to believe that any written material or image has been innocently infringed, please bring it to the immediate attention of CDN via the e-mail address or phone number listed on the Contact page so that it can be resolved expeditiously.