CAPITALISM IS A CURSE: “Americans Live in a World of Economic Lies” (2 Articles)

{Also see: Bankruptcy filings surge among older Americans and Trump administration cuts in rent subsidies compound US housing crisis and Bottom 40 percent of Americans have a negative net income and The Super-Rich and the Rabbit Hole of Military Spending. The Two 500 lb. Gorillas in the Room and Class exploitation and the market: The secret of the $1 trillion corporation}

Looking at July’s payroll jobs report again we see the Third World complexion of the US work force. The alleged new jobs are concentrated in lowly paid domestic services: temporary help services, health care and social assistance, waitresses and bartenders.

There is scant sign of a vibrant economy, but high debt is everywhere. Debt is growing faster than the income needed to support it. The US government is on course for another $1 trillion annual budget deficit. The federal, state, and local tax base has been decimated by the global corporatons’ export of high productivity high value-added manufacturing and professional skill jobs. In the name of “free trade” the tax base for Social Security, Medicare, and public pensions has been given away to China and other Asian countries where labor costs are low. The US global corporations make higher profits by shrinking the US tax base. Neoliberal economists defend this absurdity as “free trade” that benefits Americans.

The millions of Americans whose jobs were given away to foreigners know full well that they have not benefited. They know the story told by neoliberal economists and financial presstitutes is a lie…

You are being lied to about every last thing, Mr and Ms Working-Poor America. In fact, everything you have ever believed in and trusted, when it comes to this government, its politics/”2 party system”, its economic-system, and who it really serves, have all been baldfaced lies:

1) Americans Live in a World of Economic Lies

By Dr. Paul Craig Roberts
Global Research, August 04, 2018

The US government and the presstitutes that serve it continue to lie to us about everything. Today the Bureau of Labor Statistics told us that the unemployment rate was 3.9%. How can this be when the BLS also reports that the labor force participation rate has declined for a decade throughout the length of the alleged economic recovery and there is no upward pressure on wages from full employment. When jobs are plentiful, people enter the labor force to take advantage of the work opportunities. This raises the labor force participation rate. When employment is full—which is what a 3.9% unempoyment rate means—wages are bid up as employers compete for scarce labor. Full employment with no wage pressure and no rise in the labor force participation rate is impossible.

The 3.9% unemployment rate is not due to employment. It results from not counting discouraged workers who have ceased to search for jobs because there are no jobs to be had. If an unemployed person is not actively searching for a job, he is not counted as being in the labor force. The way the unemployment rate is measured makes it a hoax.

The government tells us that there is essentially no inflation despite the fact that prices have been rising strongly—the price of food, the price of home repairs, the price of drugs, the price of almost everything. Two years ago the American Association of Retired People’s Public Policy Institute reported that the average retail drug price has been increasing at a worrying pace of 10 percent a year, and about 20 drugs have astoundingly had their prices quadruple since just December. Sixty drugs doubled over the same period. Turing Pharmaceuticals, headed by Martin Shkreli, is one of the most pronounced examples of this kind of behavior. The company bought a lifesaving cancer medication only to increase its price from $13.50 to $750 per pill. (See this)

Incomes, of course, have not doubled. In real terms incomes have declined. Moreover, expenditures on medicines are a huge percentage of the budgets of the elderly and those on Medicare. According to the Kaiser Family Foundation, the average annual cost of prescription medicines for the elderly accounts for three-fourths of the average Social Security pension and for about half of the median income of peope who receive Medicare benefits. (See this)

Real jobs have also declined. The jobs that the financial presstitutes report to be unfilled are not jobs that provide a living. The BLS reported that the number of Americans working multiple jobs rose in July by 453,000, bringing the number of Americans who hold multiple part-time jobs to 8,072,000.

Looking at July’s payroll jobs report again we see the Third World complexion of the US work force. The alleged new jobs are concentrated in lowly paid domestic services: temporary help services, health care and social assistance, waitresses and bartenders.

There is scant sign of a vibrant economy, but high debt is everywhere. Debt is growing faster than the income needed to support it. The US government is on course for another $1 trillion annual budget deficit. The federal, state, and local tax base has been decimated by the global corporatons’ export of high productivity high value-added manufacturing and professional skill jobs. In the name of “free trade” the tax base for Social Security, Medicare, and public pensions has been given away to China and other Asian countries where labor costs are low. The US global corporations make higher profits by shrinking the US tax base. Neoliberal economists defend this absurdity as “free trade” that benefits Americans.

The millions of Americans whose jobs were given away to foreigners know full well that they have not benefited. They know the story told by neoliberal economists and financial presstitutes is a lie.

The lies, of course, go far beyond the economic ones. Russiagate, which has dominated the print and TV media and NPR since the last presidential campaign is a massive lie that continues day after day. On August 3 the NPR presstitutes, for example, were smacking their lips over the prospect that Paul Manafort was on trial and might give special Russiagate prosecutor Robert Mueller a conviction that could lead to Trump’s removal from the White House. The presstitutes speculated that a convicted Manafort would tell on Trump in exchange for a lighter sentence.

The NPR presstitutes did not reveal that Manafort was not on trial for anything related in any way to Russiagate. Manafort is being tried on income tax evasion charges dating from a decade ago when he was a consultant to Ukrainian politicians. There is no doubt but that these are false charges whose purpose is to coerce Manafort into protecting himself by making false charges against Trump. If Manafort is convicted it will not be on the basis of any evidence. Manafort will be convicted by the presstitute media which will convince jurors that Manafort is “one of those rich who don’t pay taxes.”

That President Trump permits this witch-hunt to continue, a witch-hunt that far oversteps Mueller’s Russiagate mandate for which not a shred of evidence has been found, shows how the presstitutes working hand-in-hand with the military/security complex and DNC have disempowered the President of the United States. While Americans sit there sucking their thumbs, the coup against the President proceeds before their eyes.

*

This article was originally published on Paul Craig Roberts Institute for Political Economy.

Dr. Paul Craig Roberts is a frequent contributor to Global Research.

The original source of this article is Global Research
Copyright © Dr. Paul Craig Roberts, Global Research, 2018

https://www.globalresearch.ca/americans-live-in-a-world-of-economic-lies/5649538

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2) ‘Insidious’: Emails Show Trump White House Lied About US Poverty Levels to Discredit Critical UN Report

by Jake Johnson

President Donald Trump shows an executive order after signing it beside members of his cabinet in the Oval Office of the White House on March 17, 2017 in Washington, D.C. (Photo: Michael Reynolds-Pool/Getty Images)

With its attempt to falsify statistics and whitewash uncomfortable facts about poverty in America, the White House once again demonstrated its “contempt” for the poor, one critic argued.

Infuriated by a scathing United Nations report estimating that over 18 million Americans are living in “extreme poverty” and accusing the Trump administration of “deliberately” making such destitution worse with its tax cuts for the rich, the White House insisted in its June response to the U.N. analysis that the United States is overflowing with “prosperity” and that claims of widespread poverty are “exaggerated.”

But internal State Department emails and documents obtained by Foreign Policy and the non-profit journalism website Coda Story show that the Trump administration ignored advice of White House economic analysts and knowingly lied to the public about the severity of American poverty, which the U.N. Special Rapporteur on Extreme Poverty and Human Rights Philip Alston described as “shocking.” (“The UN Just Published a Scathing Indictment of US Poverty”)

Foreign Policy reported on Thursday that officials who were consulted last-minute on a draft of the White House’s rebuttal of the U.N. findings “questioned the accuracy of the data the administration was citing.”

Despite the fact that the U.N. analysis cited government statistics to bolster its claims about poverty in America, the Trump administration opted to draw from a report by the right-wing Heritage Foundation, which concluded that 250,000 Americans are living in extreme poverty—a stark contrast to the U.N.’s conclusion that the correct number is 18.25 million.

The Heritage report cited by the White House also concluded that the conditions of the poor must be improving because many families living in deep poverty own cell phones and DVD players.

“What is your source for stating material hardship is down by 77 percent since 1980?” Trudi Renwick, an economist at the Census Bureau, wrote in an email questioning the Trump administration’s rebuttal to the U.N.

Foreign Policy reports that it is unclear whether Renwick received a response, and the White House kept references to the Heritage report in the final version of its response.

One economic adviser also urged the White House to “not get into” America’s steady economic growth, writing: “Already 8-9 years long… which started under Obama and we inherited and then expanded. But it will end prob[ably] in 1-2 years.” The Trump administration ignored this advice, touting a “new era of economic growth.”

While the White House brushed aside the concerns of some officials, they did modify parts of their response to the U.N. after advisers questioned how truly prosperous the American economy is under Trump.

“Wages haven’t really picked up, other than for supervisors,” an official from the Council of Economic Advisers wrote in response to a line in an early draft about workers’ salaries rising. “This triggers the left—best to leave it off.”

The line was deleted from the final document.

In contrast to the officials who raised questions about the White House’s economic claims, Mari Stull, a senior State Department adviser, attacked the U.N. report as “propaganda” in emails and mocked the U.N.’s accurate claim that American child poverty rates are among the highest in the industrialized world.

“Based upon my own experience, my sons are destitute poor and living off the welfare state of Mom—so guess they contributed to the ‘youth poverty’ crisis in America,” Stull wrote.

Bathsheba Crocker, a former U.S. diplomat and vice president of humanitarian policy at CARE, called Stull’s comment “unbelievable” and wrote that it demonstrates once again the “contempt” the Trump administration has for poor Americans.

https://www.commondreams.org/news/2018/08/03/insidious-emails-show-trump-white-house-lied-about-us-poverty-levels-discredit

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