Paul Craig Roberts

is disgusted by our dictator's numerous lies in last night's speech. He calls the state of the union "disastrous," which might be an understatement.

Least of all did President Bush tell any truth about the economy. He talked about economic growth rates without acknowledging that they result from eating the seed corn and do not produce jobs with a living wage for Americans. He touted a low rate of unemployment and did not admit that the figure is false because it does not count millions of discouraged workers who have dropped out of the work force.

Americans did not hear from Bush that a new Wal-Mart just opened on Chicago’s city boundary and 25,000 people applied for 325 jobs ( Chicago Sun-Times, Jan. 26), or that 11,000 people applied for a few Wal-Mart jobs in Oakland, California. Obviously, employment is far from full.

Neither did Bush tell Americans any of the dire facts reported by economist Charles McMillion in the January 19 issue of Manufacturing & Technology News:

During Bush’s presidency the US has experienced the slowest job creation on record (going back to 1939). During the past five years private business has added only 958,000 net new jobs to the economy, while the government sector has added 1.1 million jobs. Moreover, as many of the jobs are not for a full work week, “the country ended 2005 with fewer private sector hours worked than it had in January 2001.”

This is scary shit because we are literally selling our national security down the river to countries that are NOT our friends (i.e., China).

Everything is in pursuit of greed and to hell with the longterm effects.