Here’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.
*Rahul D. Manchanda, Esq, Ranked amongst Top Attorneys in the United States by Newsweek Magazine in 2012 and 2013.