America

Expanded Version: The US Economy Has Not Recovered And Will Not Recover

Paul Craig Roberts

The US economy died when middle class jobs were offshored and when the financial system was deregulated.

Jobs offshoring benefitted Wall Street, corporate executives, and shareholders, because lower labor and compliance costs resulted in higher profits. These profits flowed through to shareholders in the form of capital gains and to executives in the form of “performance bonuses.” Wall Street benefitted from the bull market generated by higher profits.

The production of plutonium pits—the fissile cores required to detonate the explosion in a nuclear weapon—is said to be the chokepoint of America’s nuclear program: when the pit assembly line shuts down, the clock on the arsenal’s shelf life starts ticking.

In what could be the biggest blow yet for her campaign, the leader of the America's largest federation of unions (counting 12 million active and retired "everyday Americans") has chosen not to endorse Hillary Clinton over Bernie Sanders.

Clinton has racked up endorsements from 18 unions, according to The Hill, including the Service Employees International Union and the National Education Association, while Sanders has garnered just three union endorsements.

 

Submitted by John Whitehead via The Rutherford Institute,

“We are not to simply bandage the wounds of victims beneath the wheels of injustice, we are to drive a spoke into the wheel itself.”—Dietrich Bonhoeffer

The untimely death of Supreme Court Justice Antonin Scalia has predictably created a political firestorm.

Submitted by James Brovard via The Mises Institute,

In Iraq and Afghanistan, US military officers routinely handed bundles of cash to local residents to buy influence and undermine resistance to the American occupation. Such payments came in especially handy after US troops inadvertently killed innocent civilians or sheep. Billions of dollars were shoveled out with little or no oversight as part of the Pentagon’s “Money as a Weapon System” program.