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There has been no economic recovery, says economist

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From page A1 | January 22, 2014 | 83 Comments

Roberts Paul_Craig

DR. PAUL CRAIG ROBERTS

Americans are facing some difficult economic and political problems says Dr. Paul Craig Roberts, an American economist who was recently interviewed regarding the economy, the impact of Obamacare and the state of the country.

Roberts was previously the Assistant Secretary of the Treasury in the Reagan Administration and a co-founder of Reaganomics. He is a former editor and columnist for the Wall Street Journal, Business Week and Scripps Howard News Service and is the author of 11 books. He has a Website at paulcraigroberts.org.

Summarizing his take on the economy and the problems facing the average American, Roberts said there has been no recovery since the economic downturn at the end of 2007.

“There’s been no growth in family median income or real per capita income,” he said. “Both have declined and are actually lower than decades ago, except for the 1 percent. Back when (Alan) Greenspan was Federal Reserve chairman, he realized there was no growth in consumer income to push economic growth, so he substituted an increase in consumer debt for the missing growth and income. He lowered interest rates and created a real estate bubble in which low mortgage rates drove up home prices so people would then refinance homes and take out equity and spend it. By loading people up with more debt, he kept the economy growing until the bubble burst and we had a financial collapse at the end of 2007. There’s been no recovery from that.”

Another reason for the weak economy, and with it the gradual erosion of the American middle class, is the result of job offshoring, which has been going on since the early 1990s. Roberts said the opening of China and India to western capital started the outflow of western jobs to those two countries. At the time, Chinese workers were paid 25 cents an hour while it cost $25 an hour to hire an American. Offshoring resulted in a huge increase in corporate profits for corporate managers and stockholders.

“Wall Street also pushed corporations to go offshore because they wanted the profits to help drive the market and so did the large retailers like Walmart. Wall Street told the corporations, move your operations offshore or we’re going to finance takeovers. So they didn’t have any choice,” he said. “I don’t think it was initiated by corporate executives. They were pushed into it in most cases. These were the well-paid manufacturing jobs that moved blue-collar people into the middle class and provided the ladders of upward mobility for them and their children.”

Roberts said following the offshoring of manufacturing was the offshoring of tradeable professional service jobs that university graduates looked forward to, such as software engineering, information technology, research and design.

“A lot of these moved to India. The Internet made this possible. These two developments facilitated significant offshoring of jobs and destroyed the ladders of upward mobility. The economy hasn’t been able to create middle class jobs since the offshoring took hold. I have examined the monthly payroll reports for the last 10 years and the kinds of jobs created in the U.S. now are non-tradeable, lowly paid domestic service jobs such as waitress, bartender, retail clerk, and hospital orderly. These are the future of the workforce. This is the type of workforce India had 30 to 40 years ago. Basically the United States is un-developing. It’s in the process of moving from a developed country to a lesser or undeveloped country and that’s the main reason for the curtailment of growth of per capita income.”

Roberts said only recently is he seeing discussions of the connection between offshoring and the decline of the middle class.

“It’s very late in the game to turn it around once it happens,” he said. “The skills are gone. The supply chains are gone. The relationships are gone that held everything in place. It’s not going to be brought back easily, particularly now that corporations are offshore and are benefitting from it along with shareholders.”

Noting that rarely is the real state of the economy reported in the media, Roberts attributed it to journalists who, “don’t know any better or who just print the press releases sent out. Nobody wants to get on the wrong side of government and get cut off from sources and no one wants to get on the wrong side of the corporations because they won’t advertise. So they go along because to fight it can be career destroying.” Aggravating the situation is data put out by the government that covers up the true amount of inflation and the lack of GDP (gross national product) growth, he said. “Most of the GDP increase is actually inflation increases.”

Obamacare is another hit to the middle class, said Roberts, with some employers cutting employee hours to avoid paying their medical costs. The result is lost income and lost benefits. Most Americans with private health care policies are also seeing their premiums double because they are being forced to carry certain coverage.

“Now elderly women and men are required to be covered for pregnancy, female contraception and abortion. It’s nonsensical,” said Roberts. “It’s a way of driving up the profits for the insurance companies. Now they can charge people for all this coverage they can’t possibly use.”

Roberts said the poor will end up paying the most because if they can’t afford an insurance policy, they are automatically dumped into Medicaid, which has an estate recovery program. So when they die, the government can recover everything they spent by having first claim on the person’s estate including any home they might have along with their bank account and any assets.

“When you sign up for Obamacare, it doesn’t warn you about estate recovery,” he said. “Deductible and co-pays are also so high you can’t afford to use the insurance. So the whole thing is a racket, a scam. And the amount of consumer demand will decline even further because the money people would have spent on food, clothing or gasoline will be siphoned off into these policy premiums.”

Roberts ended his comments by discussing where the United States is as a country.

“In the 21st century, the Bush administration and now the Obama administration have used the so-called terrorist threat, which is essentially a hoax, to make the executive branch unaccountable to law or the Constitution. This is why the president of the U.S. is the only leader of any country on earth, even the most brutal regimes, who claims the legal right to murder citizens without due process of law. No evidence, no trial, no conviction. The only country where the president has the legal right to imprison citizens indefinitely with no presentation of charges to a court, no conviction. Just on his own authority. So this means the president is no longer accountable to the Constitution and the Bill of Rights, habeas corpus, due process, right to life, all these things. So the question is, is the U.S. a democracy or a tyranny?

“A tyranny is unaccountable government and that’s what Obama and Bush have established. The Justice (sic) Department has created legal memos adding support to these claims. It’s all nonsense. The courts have not rejected them. The law schools and bar associations are largely silent. And the public seems to be unconcerned because they think it will never happen to them. They trust the government will use this unaccountable power correctly and only apply it to terrorists who are a threat to the public. But of course anybody who knows anything knows that’s not the way things work. The founding fathers knew good and well things didn’t work that way and that’s why they wrote the Constitution and Bill of Rights. So when people say, ‘I’m not doing anything wrong, I don’t care if they spy, or they pick people up,’ they need to wonder why the founding fathers prohibited these activities. What does it mean if the Constitution is no longer effective? That’s what the U.S. is. Then it means we’re something else. Without it, the executive branch is unaccountable and an unaccountable government is by definition a tyranny. That’s where we are at today.”

Contact Dawn Hodson at 530-344-5071 or dhodson@mtdemocrat.net. Follow @DHodsonMtDemo on Twitter.

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Discussion | 83 comments

  • Opinions are like ...January 22, 2014 - 5:13 am

    Paul Craig Roberts is not afraid to state the truths Americans do not want to hear, 9/11, nuclear war with Russia, and my favorite clan warfare in America by 2017. Just because he is crazy, doesn't mean he isn't right.

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  • Jon Peckham IIJanuary 23, 2014 - 6:42 am

    People who tell the truth are always labeled crazy. . .

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  • The beatings will continue until morale improvesJanuary 22, 2014 - 6:54 am

    Strong statements about the economy which are spot on. Interesting that he tied some of the crash responsibility back to Greenspan (and thus Clinton). They were able to hold off normal economic cycles until just before the end of Bubba's second term. In turn, they manipulated the country's debt into a seemingly positive position at the expense of the future generations. The results were the modern era roaring 20's which led to Bush becoming the modern era Herbert Hoover. Issues abound in that Obama is no FDR, government spending is making the problem worse and the best economic minds do not support populist social programs which are the fuel sources for urban backed candidates. The pendulum needs to swing back to the middle and Dr. Roberts does not believe it will happen. How long before the mutiny begins???

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  • cookie65January 22, 2014 - 7:12 am

    There are 3 sources who claim economic recovery, the crash test dummy, the leftist media who read the regime press releases as news and by some strange coincidence the exact same propagandists who speak about income inequality out of the other side of their mouths. If you voted to fundamentally transform this country, you got what you voted for. I guess it sounded better in the fairy tale utopia you invented.

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  • Jon Peckham IIJanuary 23, 2014 - 6:44 am

    All one has to do is look at the actual debt to GDP numbers. It's totally unsustainable . . .

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  • EvelynJanuary 22, 2014 - 7:17 am

    Dawn Hodson: Thank you for this.

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  • cookie65January 22, 2014 - 7:57 am

    Eve!yn, there was a topic brought up the other day that I didn't get a chance to comment on. It was Altruism in animals. I believe you knew what Altruism is but had never heard a name for it. Virtually every episode of Lassie was a form of Altruism. But what I wanted to say is that Altruism supports the statement I made that every species of life is perpetuated by the strong. Altruism is a form of assistance provided by the strong for the weak. Without the strong how could the weak receive such assistance? This cycle exists only until the weak outnumber the strong. There is a tipping point in the natural order that no government can legislate away and that point is where the weak are so numerous that the strong can no longer sustain them. Nature will cleanse the system, it always has, it always will. Whether it be through disease, famine, natural catastrophe, the plague or any number of other possibilities.

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  • cookie65January 22, 2014 - 8:14 am

    Another thing about Altruism is it is survival by numbers. Which overlaps survival of the fittest. It is instinctive for animals to know that their numbers impact their survival. It is like the old joke about the two guys camping. One guy runs into the tent and starts putting on his tennis shoes really fast and the other guy says, "what's up"? The guy says, "there is a bear in our camp." So the other guy says, "what are you nuts, you can't outrun a bear." And the other guy says, "you're right, but I can outrun you".

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  • EvelynJanuary 22, 2014 - 7:36 am

    THE RETAIL DEATH RATTLE - HERE

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  • cookie65January 22, 2014 - 8:08 am

    Excellent article Eve!yn, the pretend recovery is being kept afloat by pretend monopoly money. Too bad the compassionate left has zero compassion for those who are going to get the bill.

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  • Fran DuchampJanuary 22, 2014 - 7:41 am

    Nice article. I hope people read this several times...then read it again. I hope this inspires people to continue to read on some of the issues. People are fighting back in very small groups. Here in El dorado--the "elite" group is wrong. Hopefully some of the new people coming in will try to stop the lies in this county. Im hoping the economic groups are dissolved. Tourism...the Chinese come to buy name brand items to take back home--they love to shop...at outlet stores--to sell back at home for three times the price they paid. The Japanese come for steak. Beef is costly in Japan. Pay attention to what is happening here in the county. It doesnt make sense. what would make sense is to fix the infrastructure before you invite guests. ever been in a really bad hotel? You dont go back.

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  • EvelynJanuary 22, 2014 - 7:58 am

    The Russo-Chinese Pincer Movement Against The US Treasury and The FED - HERE

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  • Oh BrotherJanuary 22, 2014 - 8:48 am

    You can't get people to stick together to take on local government so the rest is all a waste of time. Just re read the article...the end is a comin...

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  • Fran DuchampJanuary 22, 2014 - 9:06 am

    You can get people to stick together..it is really hard work--but it can be done. first people need to wake up. Many young people are not even voting. I found working behind the scenes up here works well...if you pick the right "helpers." which is really hard to do. Petitions are going out...people are signing for items to go to ballot. It is the easiest way...allow the public to decide. As far as the end coming--I dont believe that. I do believe the local government can start by dissolving the economic groups that brought you LUPPU. Appointments will cease their positions when new supervisors come in. so look at the candidates...look at who they play with..vote accordingly.

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  • James E.January 22, 2014 - 9:22 am

    Hmmm, a Reagan man and the Wall Street Journal -- who speaks of a bad economy and a tyranny. First, a given is that there has to talk of a bad economy during President Obama's two terms. Secondly, a tyrant, a Nazi as Mr. Reilly calls him. But, If a Republican is elected in 2016, within a month the economy will be booming and our new leader will be our new President Washington. It's all in your point of view, isn't it?

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  • Phil VeerkampJanuary 22, 2014 - 9:42 am

    James, I believe that Dr. Paul Craig Roberts is also a SWAB 7. You two ought to get together and share.

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  • EvelynJanuary 22, 2014 - 10:19 am

    James: Regardless of how one views Dr. Robert's take on the economy, he should not be dismissed by assuming him blinded by party-political bias. Some years ago he described a very different administration as a "police state".

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  • James E.January 22, 2014 - 9:23 am

    *** be

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  • James E.January 22, 2014 - 9:38 am

    But, if you don't like calling the president a Nazi, Ted Nugent, the Tea Party darling, calls the president a subhuman mongrel. Such class.

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  • James E.January 22, 2014 - 10:26 am

    Phil, you are the resident water expert on this site. How can we get the excess water on the east coast to the dry west coast? Pipeline, railroad cars, gallon jugs?

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  • Phil VeerkampJanuary 22, 2014 - 10:30 am

    James, there is no "excess water " ANYWHERE - north, south, east, west, up or down.

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  • rodJanuary 22, 2014 - 11:04 am

    Well... not quite correct. actually the upper 2/3rds of Oregon has always had more than enough. Wonder what strings will be pulled to steal their water?

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  • Phil VeerkampJanuary 22, 2014 - 11:24 am

    Well sure, Rod. But like that TRULY HUGE reclamation project envisioned decades ago using a series of dams and natural topographic "Rocky Mountain ditch" features that conveyed Canadian "excess water" south to the Colorado, likewise Oregon water is beyond reach. May as well be talking about excess Amazon River water . . . or towing Antarctic ice sheets up north.

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  • Phil VeerkampJanuary 22, 2014 - 12:05 pm

    Try this on for size, Rod. ~~~ LINK - North American Water and Power Alliance

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  • James E.January 22, 2014 - 10:27 am

    Evelyn, yes, but did he describe Bush as a tyrant?

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  • EvelynJanuary 22, 2014 - 10:33 am

    James: Gotta put away my keyboard for a while. On short notice, THIS Feb. 2006 article will have to do. (The Reign of Tyrants Is at Hand) Haven't had time to read it. Just did a search on PAUL CRAIG ROBERTS GEORGE BUSH TYRANT.

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  • ...the rest of the storyJanuary 22, 2014 - 12:49 pm

    In your search did you also notice the article in which Mr. Roberts predicts that by 2017 the United States will be ruled by warlords? There is a reason this crackpot is no longer associated with any reputable media outlet and now relies on the creator syndicate (primarily known for the distribution of comic strips) to publish his expert opinions.

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  • EvelynJanuary 22, 2014 - 3:02 pm

    I'm not sure what you consider a "reputable media outlet"; however, Creators Syndicate, though posting some of Roberts' articles, is not his home base. Primarily he self-publishes at his own website, HERE, which archives his articles from 1999 to present. As for your "warlords" question: No, I did not see it but simply posted a link to the first article found which met James' criteria.

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  • cookie65January 22, 2014 - 11:08 am

    James, to say that we are NOT in the intermediate stages of tyranny being driven towards it by the current regime is just burying your head in the sand hoping that certain entitlements hold out. There are a couple of phrases made popular by King Louis XIV. You decide for yourself how suited they are. One of them is "l'etat c'est moi" roughly translated means "I am the state". Didn't obama say recently that he has a pen and a phone and will act without those who represent the electorate? I guess he thinks he is the state. The other one is "Après moi, le déluge" . It is based on having a cavalier attitude towards the consequences of ones actions. This best characterizes the left as a whole. It is roughly translated to mean "who cares, I will be gone". I means when the deluge comes I won't be around. The problem James is someone has to inherit what the instant gratification generations leave behind. Just because we can kick the can down the road does that mean we should?

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  • James E.January 22, 2014 - 10:33 am

    Phil, you're the expert but I see a lot of water being dumped on the east coast. Going to ground or draining into the ocean?

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  • Phil VeerkampJanuary 22, 2014 - 10:52 am

    The era of dam building is over. Absent impoundments the storm water that does not recharge aquifers returns to the ocean. The aquifers are over drawn. The impoundments are spoken for . . . even the vast Great Lakes . . . there is no "extra water"

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  • rodJanuary 22, 2014 - 11:00 am

    Dawn Hodson, clearest most articulate message of our times, thank you. Bush and Obama, both culpable per this letter, yet there are stereotypes on this site and throughout this land with their heads up and locked (and u know who u are). Funny how "liberal loyalists' (not my words) of king George III in the many battles of long island, the 'cowpens' and several others, fomented sabotage of freedom and American independence every step of the way. I see no difference today.

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  • James E.January 22, 2014 - 11:21 am

    Cookie, that reminds me of Bush's statement that he doesn't care how history judges him as he will be gone. Cookie, I wish I had all the answers as you appear to have -- it must bring great comfort to you.

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  • cookie65January 22, 2014 - 12:54 pm

    http://cnsnews.com/news/article/ali-meyer/record-20-households-food-stamps-2013

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  • James E.January 22, 2014 - 11:24 am

    Cookie, yes, the meaning of Democrat has changed since 1851. Isn't it time to change the name of the newspaper to the Mountain Tea/Republican?

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  • James E.January 22, 2014 - 11:27 am

    Phil, then the only solution is for that high pressure ridge to move east. Until then, no whiskey and water, just whiskey.

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  • R.J. CarterJanuary 22, 2014 - 11:47 am

    James........Impossible!!!.....I'll import water first!!.... A splash of water is too important in whiskey!!!.....You see, by adding a just splash of water or an ice cube to any quality high proof whiskey, it will begin to release the hidden flavors and mild aromas that would be missed otherwise....

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  • cookie65January 22, 2014 - 1:36 pm

    The reason so many Americans don't refer to the blunder in chief as their president is because he refuses to represent anyone other than the most radical leftists within our country. And nothing but destruction follows. The corruption within this regime is breathtaking. http://www.foxnews.com/politics/2014/01/22/emails-show-cozy-relationship-between-epa-environmental-groups-on-keystone-coal/#

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  • Fran DuchampJanuary 22, 2014 - 2:00 pm

    ...the rest of the story. " Warlords" is an interesting word...look up its history. Do you have a link to look please...I would like to see the whole story.

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  • ...the rest of the storyJanuary 22, 2014 - 2:28 pm

    google "Paul Craig Roberts crazy"

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  • Fran DuchampJanuary 22, 2014 - 2:35 pm

    >:( that didnt really prove much...but thanks.

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  • ...the rest of the storyJanuary 22, 2014 - 2:54 pm

    Sorry, try "Paul Craig Roberts 2017"

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  • EvelynJanuary 22, 2014 - 3:14 pm

    HERE, Fran. I hope that Dr. Roberts is wrong about more than just the year.

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  • Fran DuchampJanuary 22, 2014 - 3:30 pm

    I have faith that it will not all fall apart so soon--I also believe that people can change things...but some points are interesting.

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  • EvelynJanuary 22, 2014 - 3:53 pm

    Though having no working crystal ball, it's worth considering the overall trajectory of past 30+ years.

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  • cookie65January 22, 2014 - 5:05 pm

    Life is lived forwards and learned backwards. What do we know from history? ALL governments gravitate towards tyranny. Who pays? How many peoples in history believed it couldn't happen to them? All of them.

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  • cookie65January 22, 2014 - 5:06 pm

    My dad was kinda sharp... He taught me a history book was worth more than any crystal ball.

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  • EvelynJanuary 22, 2014 - 5:52 pm

    True, Cookie. History books ARE better, but "exceptionalism" convinces us that we're different.

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  • Phil VeerkampJanuary 22, 2014 - 6:03 pm

    "exceptionalism" is about government not about people . . . and history bears out that "We, the People" is indeed an historical exception. . . . or perhaps WAS an exception . . . now if The Tea Party would simply come to grips with the reality of the past tense of American exceptioalism.

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  • EvelynJanuary 22, 2014 - 6:23 pm

    "Although the term does not necessarily imply superiority, many neoconservative and American conservative writers have promoted its use in that sense. To them, the United States is like the biblical shining "City upon a Hill", and exempt from historical forces that have affected other countries. - HERE ********** Yes, it's from Wikipedia.

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  • cookie65January 23, 2014 - 4:09 am

    Where has exceptionalism gone? Here is CalFire urging people not to create a defensible space around their homes. It would seem they aren't confident that the average American is capable of clearing some space around their homes without setting the forest on fire. That is not exceptional, it is pathetic. What has caused the change in self-sufficiency? I'll give you ONE guess..... http://www.kcra.com/news/cal-fire-asks-rural-homeowners-not-to-clear-defensible-space/-/11797728/24067948/-/fnwmk5/-/index.html

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  • cookie65January 23, 2014 - 3:57 am

    My take on American Exceptionalism is rooted on many examples of how the individual citizens of this country have advanced the standard of living for people worldwide like no other nation before. All of which came about thru freedom and liberty to pursue one's dreams. What has changed is the freedom and liberty to pursue one's dreams. Exceptionalism is also related by many as the desire of others to come to this country for that freedom. This country has been exceptional in many respects. From its world wide charity, defense of freedom, first to respond in disasters, medicine, food, technology, who does the world call?

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  • cookie65January 22, 2014 - 5:31 pm

    Here is Bill Gates schooling the typical talking head leftist pseudo news anchor (who truly isn't any brighter than her audience) on the minimum wage. http://www.ijreview.com/2014/01/110131-answer-msnbc-host-looking-bill-gates-raising-minimum-wage/

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  • EvelynJanuary 22, 2014 - 7:08 pm

    A 'tsunami' of store closings expected to hit retail - HERE

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  • EvelynJanuary 22, 2014 - 7:10 pm

    U.S. Cattle Herd Is At A 61 Year Low And Organic Food Shortages Are Being Reported All Over America - HERE

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  • EvelynJanuary 22, 2014 - 7:13 pm

    39 Percent of Unemployed Americans are Seeking Work for 6+ Months - HERE

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  • kggJanuary 22, 2014 - 7:43 pm

    "Roberts was previously the Assistant Secretary of the Treasury in the Reagan Administration and a co-founder of Reaganomics." kgg writes: reaganomics was a disaster - this fellow is not someone to whom we should be paying attention.

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  • cookie65January 23, 2014 - 4:16 am

    LOL!!!! When expressing complete cluelessness it may be better to not do it publicly.

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  • cookie65January 23, 2014 - 5:09 am

    obama's epa.... destroy capitalism. Send the ignoramuses who twice elected this deviant to North Korea for a taste of their utopia. Freedom is wasted on leftists. http://pjmedia.com/tatler/2014/01/22/smoking-gun-disgraced-obama-epa-official-testifies-to-anti-capitalist-plan/

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  • cookie65January 23, 2014 - 5:54 am

    For those of you mushrooms who are kept in the dark and fed mushroom food from the criminal media, this year marks the 50th anniversary of the welfare state. The war on poverty which has cost those who work for a living $20 trillion and been successful at only one thing. Creating even more poverty. Yes the compassionate left has bought votes for 50 years with confiscated money and destroyed the lives of multiple generations in the process. This year obama will engage in his welfare tour blaming the producers for income inequality. Blaming those who pay for everything for the deplorable, depraved conditions caused by leftism. It will be lapped up by the braindead lemmings who have never had an original thought as if somehow the left has any motive for taking people off of government dependence. We just launched the mother of all government welfare giveaway programs. ocommycare. Doubling down on a history of failure. You can't make up the mental disease of leftism.

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  • cookie65January 23, 2014 - 6:19 am

    On a side note. This year marks the 41st Anniversary of Roe v Wade with 55 million babies slaughtered for convenience. 55 million brothers, sisters, cousins, aunts, uncles, moms, dads, doctors, scientists, inventors, firemen, teachers, taxpayers, business owners, job creators, etc..... Save the forest, not the children. You can't make up the depraved mental disease of leftism. This is also the opposite of a topic raised the other day. Altruism. Altruism in animals is the effort made by stronger animals to aide the weaker animals putting themselves in jeopardy doing so. Leftism and abortion is the stronger putting down the weaker.

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  • cookie65January 23, 2014 - 6:23 am

    This is interesting... Google looks at what is "most searched" state by state. http://www.ijreview.com/2014/01/110321-map-people-google-gives-telling-glimpse-mindset-america/

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  • Oh BrotherJanuary 23, 2014 - 6:31 am

    Doesn't seen anyone has the guts to stand up to any of the corruption in this County so why worry about the rest of the country? The teapartiers such as Cookie 65, Dee#1 et al, blab blab blab about all the other government interference and corruption, but when it comes to starting local they haven't got a word to type. So that makes the tea party a bunch of blab blab. If they can't do s***t in their own county and step up to the plate then they are wasting energy blabbing on this website and are helpless in their quests.

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  • cookie65January 23, 2014 - 7:42 am

    I wouldn't know what the tea party does. I will leave it up to you to tell me.

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  • Vicci NolanJanuary 23, 2014 - 7:48 am

    One day, the Editor of the Mountain Democrat said to his writer, Dawn Hodson, "Find an economist who has nothing good to say about our economy, write a story about it and we'll put it on the front page." And they did. Coincidentally, the very same day this article, lamenting the state of our economic growth, was published in our little rural paper, Forbes magazine published an article by contributor and economist, Bill Conerly, on our economy's strengths. In this article, Mr. Conerly expounds on why "we have a moderate pace of growth in the overall economy." Of course, we have a long way to go, but, according to Conerly, "We are still suffering structural harm from the recession’s aftermath and from the misguided policies adopted to fight the recession. However, these are not enough to overcome the economy’s inherent strengths." Now, can you find another economist to refute this? Most likely. My point is, don't accept, for truth, one article on the front page of your highly-biased, local paper. Look further, Educate yourself before you come to your conclusions. In any event, The Mountain Democrat should change its name to The Mountain Republican.

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  • EvelynJanuary 23, 2014 - 8:11 am

    THIS is the above-referenced article.

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  • EvelynJanuary 23, 2014 - 8:21 am

    Mr. Conerly says, inter alia, "More people are available to work due to population growth." (Any additional reasons?)

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  • EvelynJanuary 23, 2014 - 8:26 am

    "US population growing at slowest rate since 1930s, census data shows" - HERE

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  • cookie65January 23, 2014 - 8:23 am

    Read what Conerly says carefully. He is hopeful that the economy/private sector remains resilient enough to survive in spite of the obama regime's disastrous and intentional attempts at crippling it. He does not claim an economic recovery.

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  • cookie65January 23, 2014 - 8:28 am

    From the Conerly article....He professes that government gridlock is beneficial to economic growth.. "Government spending will be roughly flat in 2014 and 2015, thanks to gridlock. (Yep, I like gridlock. If you don’t like the things that get done when Congress is getting things done, then gridlock is good.)" Not exactly an endorsement of the leftist propaganda.

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  • cookie65January 23, 2014 - 8:38 am

    Vicci, when you said, "Look further, Educate yourself before you come to your conclusions." Was that an example of soliloquy?

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  • EvelynJanuary 23, 2014 - 8:46 am

    CONSIDER THIS "LOGIC": "The economy is growing largely because that’s it underlying trend."

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  • cookie65January 23, 2014 - 8:52 am

    The entrepreneurial spirit of the American people. Some guy/gal in their garage inventing the latest widget.

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  • cookie65January 23, 2014 - 8:44 am

    Vicci, do you understand what Conerly is talking about with this statement? "We are still suffering structural harm from the recession’s aftermath and from the misguided policies adopted to fight the recession." Chances are good that you don't. What misguided policies is he talking about? We have 5 years worth of examples.

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  • VicciJanuary 23, 2014 - 11:07 am

    Yes, cookie65: Once a soliloquy that I'm now sharing. You'd do well to pay heed. For you may pick apart the article if you like, however, in your single-minded fervor for bashing "liberals," you missed the point. I can always find another. And another. And don't be silly, the last five years are not responsible for the collapsed economy faced by our President when he took office. Any down-trodden economic measures reflect the gross lack of leadership and crippling policies put in place during the 8 years prior. President Obama inherited debt from two wars, including a 1.3 trillion dollar deficit. The bottom line is, under our current leadership, the economy has improved, not tremendously-how in the hell could it?-but improved nevertheless. (The rest of your "comments" are not worth addressing.)

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  • EvelynJanuary 23, 2014 - 11:20 am

    Vicci: Speaking as a "liberal", I agree that the economic mess (I would go so far as to use the word "collapse") began long before Obama's tenure. However ... regarding your statement that "the economy has improved" (albeit marginally), what indicators do you have in mind?

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  • rodJanuary 23, 2014 - 10:40 am

    Vishy Nolan, we've been lied to from every quarter of Obama's admin including the liar-in-chief himself. His personal media corp has kept the façade of recovery but the truth is finally coming to the surface... so refreshing to hear the truth.

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  • EvelynJanuary 23, 2014 - 8:34 am

    Mr Conerly also writes, "the general level of skills in the workforce is gradually improving." However, an October 2013 NYT article (here) is headed: "U.S. Adults Fare Poorly in a Study of Skills"

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  • EvelynJanuary 23, 2014 - 8:40 am

    Worth bearing in mind that of himself Forbes' Bill Conerly writes: "I began as a corporate economist (PG&E, Nerco, First Interstate Bank)".

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  • cookie65January 23, 2014 - 8:56 am

    Would that make him a fan of the economic engine that is responsible for everything we take for granted?

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  • EvelynJanuary 23, 2014 - 9:00 am

    For Conerly on the Economy and this month's charts -- Conerly Consulting LLC : HERE

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  • Fran DuchampJanuary 23, 2014 - 10:45 am

    Sheila Bair’s graph of the year: For many Americans, there’s been no recovery at all BY WONKBORG December 30, 2013 at 11:03 am http://tinyurl.com/mqtmeo3 " Ms. Bair is using MEDIAN income data as an indicator for the population at large. So many economists report MEANs, which of course are totally skewed higher because of the long positive tail enjoyed by the very few."

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  • Fran DuchampJanuary 23, 2014 - 10:57 am

    9 Iconic Brands That Could Soon Be Dead The Huffington Post | By Renee Jacques Posted: 01/22/2014 12:11 pm EST | Updated: 01/23/2014 8:59 am EST http://tinyurl.com/mbuu8jk I like Red Lobster..havent been there in a really long time....

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