[yt_dropcap type=”square” font=”” size=”14″ color=”#000″ background=”#fff” ] H [/yt_dropcap] ere’s an idea – how about appointing a US Treasury Secretary who actually cares for the ultimate welfare of the American People and the United States of America for a change, as opposed to using his position as a “revolving door” a la the cadre of treasonous “America-last” gaggle of premeditated criminals merely taking a leave of absence from their full-time jobs at Goldman Sachs and Covington & Burling LLP?
The American economy and its engineered 2008 crash wrought by such “financial luminaries” as Robert Rubin, Larry Summers, Gene Sperling, Hank Paulson, Tim Geithner, and others, has left a lasting effect, if not almost the total destruction of, the American Economy.
Much has been written about how the above cabal literally, beginning with when they were working under the Bill Clinton presidency, forced and coerced Mr Clinton to repeal the Glass-Steagall Act, which was the barrier separating risky investment bank behavior from “mom and pop” checking accounts and savings, thus essentially imbuing these massive financial institutions to proceed unfettered towards the shark-infested waters of bad deals, risky investments, speculative spending, and other crazy financial stunts, for “high-risk/high-yield” Pyramid and Ponzi schemes more akin to a night at a seedy Las Vegas casino, rather than what should supposedly have been judicious, well-planned, and risk-averse behavior on behalf of these banking behemoths.
Simultaneously, these same organized criminals used the Housing and Urban Development (“HUD”) headed up by then chief Andrew Cuomo to put enormous pressure on such loan entities as Fannie Mae and Freddie Mac to lower and reduce the credit requirements to purchase a million dollar home, so that every burger flipper across America could buy a financial and un-payable “albatross” around their neck, and when the Federal Reserve eventually removed cash liquidity from the markets, all of these new “homeowners” literally found themselves on a merry-go-round that suddenly stopped, with their monthly mortgage payments coming due, but no jobs or cash to pay them, thus resulting in tens of millions of massive housing defaults across the country.
Even more sickeningly, Goldman Sachs and others only a few years earlier created a “reverse credit swap derivative,” betting on the ultimate failure within the housing market, again earning countless billions when this inevitable “housing bubble” burst.
Are these the same kind of people we want back in the United States Treasury, engineering our “economic recovery?”
These bankers, unfettered by the protections guaranteed by Glass-Steagall, could feel confident that even if their bad investments went completely and totally south, that they would eventually be bailed out by none other than the American taxpayer – and that’s exactly what happened.
But what about a former Assistant US Treasury Secretary, who previously was appointed by, and served under, one of the greatest U.S. Presidents of all time, Ronald Reagan, and who was actually instrumental in pulling America out of the quagmire of idiotic and out of control government spending, a lazy un-stimulated economy, and the general malaise of the 1970s “disco economy” manned and presided over by Democrat President Jimmy Carter?
That individual is none other than the great Dr. Paul Craig Roberts, hero to the 300 million strong American people, personal mentor to hundreds of thousands, and demonstrated enemy of the Oligarchy/Plutocracy Deep State Elite, the latter of whom have been shown the proverbial “door” by the American people in their overwhelming support of President-Elect Donald J. Trump.
The American People were able to hoist Donald Trump to the presidency even in the face of the overwhelming “cheating mechanisms” of the Deep State Oligarch Elite with their complete and total brainwashing control of the Mainstream Media, the awesome buying power of the international bankers, the co-opting of the vast majority of our legislative (senate and congress)/judiciary/executive branches, the “black bag/covert operations/color revolutions” of Deep State agent provocateurs such as George Soros who previously used to only direct his regime change operations against foreign governments rather than fomenting “purple” revolutions here at home?
Dr Paul Craig Roberts has been critical of the United States Department of the Treasury and the U.S. financial regulatory authorities – particularly of the actions of the Federal Reserve System – from former Chairmen Alan Greenspan and Ben Bernanke’s terms to current Chairwoman Janet Yellen via quantitative easing policies and low interest rates, the latter of which he has argued (due to his view that official government data is biased) are actually negative interest rates.
One only has to peruse the countless and brilliantly incisive books and articles penned by Dr. Paul Craig Roberts over the past few decades, and especially within the past few years, freely available on the internet and in hard book format, to clearly and easily discern just what this man stands for, what his expertise is, how much he loves the United States of America, how much he values peace and the avoidance of “stupid foreign wars,” his support, hope for, and measured loyalty to the incoming Donald Trump Administration (for Trump, “loyalty is key”), his overall and general distrust for the U.S. Government and the awesome power it yields, his suspicion over the latest du jour “terrorist attacks” all over the world which he, as do the vast majority of Americans, believe are nothing but “false flags” designed to keep Americans and the rest of the global populace afraid and compliant, ever ready to sacrifice and un-yieldingly relinquish even more of their God-given human rights, civil liberties, and constitutional protections for the sake of “state-sanctioned security” from the fabricated “boogeymen” of the Western/Saudi/Israeli/Turkish Intelligence Services known as ISIS or Al Qaeda.
His written works have also addressed and criticized outsourcing, economic deregulation, privatization of social services, Wall Street finance fraud and lax enforcement of environmental protection laws, as well as been a vocal opponent of taxing social-security payments, holding that this amounts to a “tax on a tax” or privatizing social-security believing this would create an opportunity for speculators to play with and lose the hard-earned savings of retirees.
There could be no better ally of the American People (and the Donald Trump administration) within the United States Treasury than Dr. Paul Craig Roberts, as he would be “our man within the US Treasury,” and would take control and design the much anticipated economic recovery, so badly needed by the citizenry.
He has already done it before, successfully, under the Reagan Administration, and he could easily and handily do it again under Trump.
Dr Paul Craig Roberts was born on April 3, 1939, and is often times described as an American economist, journalist, blogger and former civil servant.
He reached the height of his government career when he became the United States Assistant Secretary of the Treasury for Economic Policy under President Reagan in 1981.
In office he and his staff successfully combated the stagflation (price-inflation and stagnation) then plaguing the American Economy.
Tighter monetary policy was used to restrain inflation, in addition lower marginal tax rates were used to increase the rewards to work and investment.
In recognition, he was awarded the US Treasury’s Meritorious Service Award for “outstanding contributions to the formulation of United States economic policy.”
Dr Paul Craig Roberts has also been a huge supporter of common human decency, both in the United States and abroad, as a supporter of the human rights of the population of the West Bank, and he has criticized Israel’s policies and harsh actions against the Palestinians as well as speaking out against what he calls the Israel Lobby’s malign influence within US politics and academia.
Dr. Roberts is a graduate of the Georgia Institute of Technology (B.S. in Industrial Engineering) and holds a PhD from the University of Virginia.
He was a postgraduate at the University of California, Berkeley, and at Merton College, Oxford University.
From 1975 to 1978, Roberts served on congressional staff. As economic counsel to Congressman Jack Kemp, he drafted the Kemp-Roth bill (which became the “Economic Recovery Tax Act of 1981″). He played a leading role in developing bipartisan support for a supply-side economic policy.
Due to his influential 1978 article on tax burden for Harper’s Magazine while economic counsel to Senator Orrin Hatch, the Wall Street Journal editor Robert L. Bartley offered him an editorial slot.
He wrote for the WSJ until 1980.
He was a senior fellow in political economy at the Center for Strategic and International Studies, then part of Georgetown University.
From early 1981 to January 1982, Roberts served as assistant secretary of the treasury for economic policy, wherein President Ronald Reagan and Treasury Secretary Donald Regan credited him with a major role in the Economic Recovery Tax Act of 1981, and he was awarded the Treasury Department’s Meritorious Service Award for “outstanding contributions to the formulation of United States economic policy.”
After his time in government he turned to journalism, holding positions of editor and columnist for the Wall Street Journal, columnist for Business Week, and the Scripps Howard News Service as well as contributing editor to Harper’s Magazine.
In addition to numerous guest and visiting-professorships at US universities, he was professor of business administration and professor of economics at George Mason University and was the inaugural William E. Simon Chair in Political Economy at Georgetown University, serving for 12 years.
From 1993 to 1996, he was a Distinguished Fellow at the Cato Institute.
He also was a Senior Research Fellow at the Hoover Institution.
This is another thing Donald Trump and Dr Paul Craig Roberts have in common – they are both former “insiders” who turned against the Establishment as an overwhelming gesture of heroic self-sacrifice to the American people, rather than continuing to “play the game” in order to keep enriching their own pockets at the expense of the American People and the United States.
Dr Roberts also has the great love and respect of foreign nations, governments, and dignitaries as did other previous and legendary US Government/Statesmen luminaries in centuries past, as Benjamin Franklin and Thomas Jefferson – in 1987 the French government recognized him as “the artisan of a renewal in economic science and policy after half a century of state interventionism,” and inducted him into the Legion of Honor on March 20, 1987.
The French Minister of Economics and Finance, Edouard Balladur, came to the US from France to present the medal to Roberts.
In 1992, Roberts received the Warren Brookes Award for Excellence in Journalism from the free-market American Legislative Exchange Council (ALEC).
In 1993 the Forbes Media Guide ranked him as one of the top seven journalists in the United States.
In 2015, the Mexican Press Club awarded Dr. Roberts its International Award For Excellence In Journalism in recognition of his lifelong commitment to truth and unbiased-reporting in exposing the inner workings of the global economic power-structure.
Dr Paul Craig Roberts has written that “true conservatives” were the “first victims” of the neo-cons of the Bush administration.
He has criticized the Bush tax cuts, believing they “were nothing but a greedy grab” and were “not necessary policy adjustments but rewards to the mega-rich who underwrite political careers and provide grants to economic departments and think tanks,” however, also stating that “they are not a significant cause of today’s inequality.”
Of the 9/11 Commission Report, Dr Paul Craig Roberts wrote in 2006, “One would think that if the report could stand analysis, there would not be a taboo against calling attention to the inadequacy of its explanations.” (see Criticisms of the 9/11 Commission Report).
He has asserted there is a large “energy deficit” in the official account of the collapse of the three WTC buildings, and this deficit remains unexplained.
This is yet another, out of thousands, of common ground similarities currently shared by President-Elect Donald Trump and Dr Roberts – truly a government partnership/marriage made in heaven.
Roberts commented on the “scientific impossibility” of the official explanation for the events on 9/11, as did Donald Trump in a television interview when the Towers first went down in 2001.
On August 18, 2006, he wrote: “I will begin by stating what we know to be a solid incontrovertible scientific fact. We know that it is strictly impossible for any building, much less steel columned buildings, to ‘pancake’ at free fall speed. Therefore, it is a non-controversial fact that the official explanation of the collapse of the WTC buildings is false…. Since the damning incontrovertible fact has not been investigated, speculation and ‘conspiracy theories’ have filled the void.”
He has written or co-written 12 books, contributed chapters to numerous books, and published many articles in scholarly journals.
Dr Paul Craig Roberts, like President-Elect Donald Trump, has ultimate intestinal fortitude, as is evident by his countless papers, treatises, books, and articles, where he demonstrates an All-American fearlessness coupled with ingenuity, brilliance, common-sense, and stalwartness totally absent in our treasury departments over the past few decades.
President-Elect Donald Trump should give due consideration and thought to Dr Paul Craig Roberts to be United States Secretary of the Treasury, a living legend who is truly a testament to everything that is, and always has been, Great about America.
Trump: The Symbol of America’s Isolation in the World
The president of the United States, who came to power in 2016 with the slogan of “Reviving Washington’s Power”, has become the messenger of failure and defeat of his country in the West Asian region and in the international system. The U.S. numerous military and political defeats in countries such as Syria, Yemen, Iraq and Lebanon were so outstanding that there’s no way Trump can brag about his achievements in the region.
On the other hand, many Democrats in the United States, and even the traditional Republicans, have been criticizing the President’s costly and barren foreign policy in West Asia. In such a situation, Trump attempts to attribute this failure to the country’s previous administrations and condemn them over what is happening in today’s world, especially in the West Asian region, and he blames Obama for Washington’s constant and extensive failures in this area.
Besides, Trump’s other projections about the hard conditions of the U.S. in West Asia are noteworthy. In his recent remarks, Donald Trump said that if he wasn’t at top of the U.S. political and executive equations, Iran would capture the Middle East (West Asia)! This is while Islamic Republic of Iran created stability in the West Asian region, and besides, has stood against the long-term, medium-term, and short-term and destructive goals of the United States and its allies in the region.
Trump’s strategic weakness in the West Asia is an important issue which can’t be easily overlooked. Of course this strategic weakness did exist during Obama’s presidency, but the truth is that it reached its peak during Trump’s presidency. And in the future, this weakness will bring severe blows to the United States.
The fact is that the strategic calculations of the United States in the West Asia region have all failed. And many of the pre-assumptions that Washington called them “strategic propositions”, have never turned into reality for some reasons, including the vigilance of the Resistance movement in the region. This is the reason why America is so confused in confronting the equations of West Asia.
Under such circumstances, the only way before the President of the United States is to leave the region and confess to his defeat; an issue that many American analysts and strategists have noted. It shouldn’t be forgotten that in spite of his campaign slogans for stopping the military intervention in the region, the current president of the United States has intensified conflicts and created constant security crises in West Asia.
The direct, perfect, and comprehensive support of Donald Trump for takfiri terrorists reflects this fact. Trump started his support for ISIL since the beginning of his presence at the White House in early 2017, and he stood for the terrorists until the fall of ISIL in Syria. Even now, Trump is attempting to revive terrorist and takfiri groups in Iraq and Syria.
Despite passing half of his presidency, Trump has claimed that the defeat in Yemen, Syria and Iraq was Obama’s legacy. There is no doubt that Obama and his two secretaries of state, Hillary Clinton and John Kerry, played a major role in creating terrorist and takfiri groups (especially ISIL), and committed bloodshed in Syria and Iraq.
There is also little ambiguity in the strategic, operational and even tactical defeat of the Obama administration in the battlefields of Syria, Iraq, and Yemen. However, Trump can’t deny his share in this defeat, and pretend as if he’s the messenger of the victory of the United States in these scenes! The fact is that Trump completed the military and political defeats of the United States in the West Asia region. Today, the United States is defeated in the battlefield, and can well see that its pieces had failed in these wars.
On the other hand, the White House has lost the political arena of the region. The failure of the United States in the Lebanese and Iraqi elections, on the one hand, and the popular support for the resistance groups in Yemen and Syria, has left Trump and his companions disappointed in the region. In such a situation, attributing the recent and ongoing defeats of the United States to the Obama administration is completely expectable, and at the same time, unacceptable!
Finally, we can see that just like Obama, George W Bush, Clinton, Bush, Reagan and Carter, Trump is stuck in this strategic miscalculation in the West Asian region. Undoubtedly, in his last days in power, Trump will also understand that there’s no way he can overcome this strategic weakness through Saudi and Emirati petrodollars.
However, it seems that the scope of Trump’s defeat in West Asia would be wider than the previous presidents of the United States. Undoubtedly, in the near future, Trump, John Bolton, Mike Pompeo and Nikki Haley will become the symbols of failure in the US foreign policy, especially in the West Asia. In other words, the president of the United States and his companions at the White House will have to admit to defeat in the West Asian region at a great expense, and this is exactly what frightens the American authorities.
first published in our partner Tehran Times
Weather and White House Turmoil as Elections Loom
Hurricane Michael wreaked havoc as it traversed the Florida panhandle. The first Category 5 hurricane to hit the area since 1881 when records began, its 155 mph winds (only 5 mph short of Category 6) felled massive trees, blew away houses, collapsed buildings and left devastation in its wake. Relatively fast moving at 14 mph, it was soon gone continuing as a Category 3 into neighboring Georgia and then further up its northeasterly path. It seemed to signify a stamp of approval for the Inter-governmental Panel on Climate Change (IPCC) report on holding earth to a 1.5 degree Celsius warming issued a couple of days earlier. We are at one degree now so storms can only be expected to get worse.
In northeastern Turkey, a 300-year old stone bridge disappeared overnight. Villagers convinced it had been stolen called in the police. Further investigation concluded it had been washed away by a flash flood caused by a sudden summer thunderstorm further upstream — clearly far more intense than in the previous three centuries.
Ever more powerful hurricanes, monsoons and forest fires point to a proliferation of extreme weather events that experts relate to global warming. Yet President Donald Trump and his administration remain obdurate in climate change denial.
Thins are certainly warming up in the White House. Nikki Haley announced her resignation in an amicable meeting with the president. A staunch defender of many of Mr. Trump’s most egregious foreign policy changes, the UN Representative will be leaving at the end of the year to pursue opportunities in the private sector. So said the announcement. An astute and ambitious politician she has probably reassessed the costs versus benefits of remaining in a Trump administration. Some tout her as a future presidential candidate. Should she be successful she will be the first woman president, who also happens to be of Indian and Sikh ancestry.
The rap singer Kanye West visited the president in the Oval office. A ten-minute rant/rap praising him was followed by a hug for which Mr. West ran round the wide desk that had been seemingly cleared of all paraphernalia for the performance. He is one of the eight percent of blacks voting Republican. Sporting the Trump trademark, Make-America-Great-Again red hat, he claimed it made him Superman, his favorite superhero. And some suggested it was all further proof the place had gone insane.
A little over three weeks remain to the U.S. midterm elections on November 6th. Their proximity is evidenced not by rallies or debates rather by the barrage of negative TV ads blasting opponents with accusations of shenanigans almost unworthy of a felon. A couple of months of this and you lose any enthusiasm for voting. Perhaps it is one reason why nearly half the electorate stays home. Given such a backdrop, the furor over ‘Russian meddling’ in elections appears to be a trifle misplaced. Others call the whole business a ‘witch hunt’ and state flatly the U.S. does the same.
The old idiom, ‘put your own house in order’ is particularly apt when we realize the beginning of this affair was a Democratic National Committee email leak showing ‘the party’s leadership had worked to sabotage Bernie Sanders’ presidential campaign’. It resulted in the resignation of DNC chair Debbie Wasserman Schultz.
Always fair, aboveboard elections? Not bloody likely, as the British would say. Given the rewards, it’s against human nature.
The hot November for Trump is arriving
Political turmoil in the United States has become extremely unpredictable. The turn of events became worse with an op-ed at the New York Times on September 5. Former White House strategist Steve Bannon described it as a coup against Donald Trump.
The reality is that the president faces domestic problems in his second year in office. This has rarely happened in the US political history. The issue is of great importance with regard to the approaching mid-term congressional elections in November. Republicans have the majority in the House of Representatives and the Senate, but they feel the risk of losing the majority in both houses due to Trump’s record.
Indeed, a feeling has emerged among some American politicians that their country is heading in the wrong direction because of Trump’s policies. Even former President Barack Obama has joined the election campaigns by breaking his promise not to get involved in political affairs.
The situation is not also good for Trump internationally. Disagreement with the European Union – a traditional ally of the United States – over trade and political issues, trade war with China, increasing tension with Russia, exit from international treaties such as the Paris climate agreement and the 2015 multilateral nuclear agreement Iran, have all made Trump to look dangerous in the eyes of the world. All these issues have made the situation unfavorable for Trump and his government at home and abroad.
But what is the answer of the president of the United States to these criticisms? The answer to this question is one word: economy. However, Trump is proud of his economic record.
According to statistics, the Labor Department published on September 8, US employment growth in August has beat market expectations, the non-farm payrolls increased by 201,000 from the previous month. Analysts were expecting growth of about 195,000.
The unemployment rate for August remained low at 3.9 percent. The average hourly wage rose 2.9 percent from the year before. That’s the highest level since June 2009. The latest figures are increasing speculation that the Federal Reserve will raise its key interest rate this month. The US economy expanded 4.2 percent in the April-to-June quarter, and is expected to grow more than 3 percent in this quarter.
But the economy cannot keep the president of the United States from the edge of criticism. Trump is in a difficult situation and worried about the result of the election and possible control of Congress by Democrats.
Issues such as the confessions of Trump’s former lawyer Michael Cohen on bribing women for having affairs with Trump and Russia’s possible involvement in the 2016 presidential election could possibly lead to his impeachment and his dismissal from power.
The US constitution says that the impeachment of the president should be endorsed by representatives from both chambers of Congress – the House of Representatives and the Senate. Democrats now have 49 seats in the 100-member Senate, and if they get 51 seats in the November election, they will still need at least 15 Republican senators to impeach Trump.
Still, if Democrats win the November election, even if this victory does not lead to Trump’s impeachment, it can put further pressure on him and cripple his government. According to a CNN poll, decrease in Trump’s popularity even among his supporters shows that the days following the November election will be hard times for Trump and his government.
First published in our partner MNA
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