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The Mother of All Messes

By       Message Paul Craig Roberts       (Page 1 of 3 pages)     Permalink    (# of views)

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Republicans are sending around the Internet a photo of a cute little boy whose T-shirt reads: "The mess in my pants is nothing compared to the mess Democrats will make of this country if they win Nov. 2nd."

[[baby]]
One can only wonder at the insouciance of this message. -Are Republicans unaware of the amazing mess the Bush regime has made?

It is impossible to imagine a bigger mess. -Republicans have us at war in two countries as a result of Republican lies and deceptions, and we might be in two more wars--Iran and Pakistan--by November. -We have alienated the entire Muslim world and most of the rest.

The dollar has lost 60% of its value against the euro, and the once mighty dollar is losing its reserve currency role.

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The Republicans' policies have driven up the price of both oil and gold by 400%.

Inflation is in double digits. -Employment is falling.

The Republican economy in the 21st century has been unable to create net new jobs for Americans except for low wage domestic services such as waitresses, bartenders, retail clerks and hospital orderlies.

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Republican deregulation brought about fraud in mortgage lending and dangerous financial instruments which have collapsed the housing market, leaving a million or more homeowners facing foreclosure. The financial system is in disarray and might collapse from insolvency.

The trade and budget deficits have exploded. -The US trade deficit is larger than the combined trade deficits of every deficit country in the world.

The US can no longer finance its wars or its own government and relies on foreign loans to function day to day. -To pay for its consumption, the US sells its existing assets--companies, real estate, toll roads, whatever it can offer--to foreigners.

Republicans have run roughshod over the US Constitution, Congress, the courts and civil liberties. -Republicans have made it perfectly clear that they believe that our civil liberties make us unsafe--precisely the opposite view of our Founding Fathers. -Yet, Republicans regard themselves as the Patriotic Party.

The Republicans have violated the Nuremberg prohibitions against war crimes, and they have violated the Geneva Conventions against torture and abuse of prisoners. Republican disregard for human rights ranks with that of history's great tyrants.

The Republicans have put in place the foundation for a police state.

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I am confident that the Democrats, too, will make a mess. -But can they beat this record?

We must get the Republicans totally out of power, or we will have no country left for the Democrats to mess up.

I say this as a person who has done as much for the Republican Party as anyone. -I helped to devise and to get implemented an economic policy that cured stagflation and that brought Republicans back into political competition after Watergate. -If I could have looked into a crystal ball and seen that under a free trade banner, Republicans would enable corporate executives to pay themselves millions of dollars in "performance pay" for deserting their American work forces and hiring foreigners in their place, thus destroying the aspirations and careers of millions of Americans, I never would have helped the Republicans. -If a crystal ball had revealed that a neoconned Republican Party would launch wars of naked aggression against countries that posed no threat to the United States, I would have shouted my warnings even earlier.

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Dr. Roberts was Assistant Secretary of the US Treasury for Economic Policy in the Reagan Administration. He was associate editor and columnist with the Wall Street Journal, columnist for Business Week and the Scripps Howard News Service. He is a contributing editor to Gerald Celente's Trends Journal. He has had numerous university appointments. His books, The Failure of Laissez Faire Capitalism and Economic Dissolution of the West is available (more...)
 

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