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The US Economy Has Not Recovered And Will Not Recover — Paul Craig Roberts

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 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.

Jeb Bush Packs A Monogrammed Gun With Nazi History

Jeb Bush made a campaign stop on Tuesday at a gun manufacturer in Columbia, Ohio. The Republican presidential candidate Jeb Bush tweeted a picture of his handgun manufactured by a company which has a history linked to arming the Nazis during World War two, and is currently a leading supplier to the U.S. military. The gun represents “America”, according to Bush, both the manufacturer and the country. The Washington Post reports: The short tweet includes only the word “America.” (with a period for emphasis) and a picture of a .45-caliber handgun engraved with his name: “Gov.

Frontrunning: February 17

  • Futures rise as oil gains hold steady (Reuters)
  • China promises economic stability as G20, parliament loom (Reuters)
  • Obama scolds Senate Republicans for Supreme Court threat (Reuters)
  • China Deploys Missiles on Disputed South China Sea Island (WSJ)
  • China Ramps Up Rhetoric, Plans New Steps to Juice Up Economy (BBG)
  • China Loses Control of the Economic Story Line (WSJ)
  • Banks are still the weak links in the economic chain (FT)
  • The Great Iron-Ore Flood Claims Anglo as Biggest Victim (BBG)

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