Unemployment

How Economists & Policymakers Murdered Our Economy

“Capitalist greed aided and abetted by economists and policymakers will have destroyed America.” The economy has been debilitated by the offshoring of middle class jobs for the benefit of corporate profits and by the Federal Reserve’s policy of Quantitative Easing in order to support a few oversized banks that the government protects from market discipline. [...]

The Real Crisis Is Not the Government Shutdown

At This Time, Collapse Seems the Most Likely Forecast The inability of the media and politicians to focus on the real issues never ceases to amaze. The real crisis is not the “debt ceiling crisis.” The government shutdown is merely a result of the Republicans using the debt limit ceiling to attempt to block the [...]

Profiting from Food Stamps, Student Loans, Unemployment: Wall Street, US Congress, Obama Cash-in

Rockefeller-Obama Nest Eggs Turn Gold!  “Despite being the richest country in the world, poverty remains an important social issue in the United States. All too often poverty in America is used as a political weapon by both political parties to galvanize their voting base. What is lost in the midst of such politicking is the [...]

Another Phony Jobs Report From A Government That Lies About Everything

“Washington’s claim that Americans have “freedom and democracy” is the sickest joke in human history.” June 7, 2013. The payroll jobs report for May released today continues the fantasy. Goods producing jobs declined, with manufacturing losing another 4,000 jobs, but the New Economy produced 179,000 service jobs. Are these jobs the high-powered, high-wage “innovation jobs” [...]

How Elites and Media Minimize Dissent and Bury Truth

“We tolerate no dissent. That part of the Constitution is gone, along with the rest of it.” Over the last several years I have watched the rise of an important new intellect on the American scene. Ron Unz, publisher of The American Conservative, has demonstrated time and again the extraordinary ability to reexamine settled issues [...]

The Financial Press–A Disinformation Machine

In America Everything is Hype for a Buck Dave Kranzler of Golden Returns Capital declares the April payroll jobs report that was released on May 3 by the Bureau of Labor Statistics to be “fictitious.” Statistician John Williams (shadowstats.com) says both the jobs report and unemployment rate are “nonsense.” I agree with both. But don’t [...]

When Truth Is Suppressed Countries Die

“The corrupt corporations, the corrupt media, and the corrupt US government have insulated the country from truth” Over a decade during which the US economy was decimated by jobs offshoring, economists and other PR shills for offshoring corporations said that the US did not need the millions of lost manufacturing jobs and should be glad [...]

Staring Armageddon in the Face but Hiding It with Official Lies

“The Fed has produced a perfect storm that could consume the US and perhaps the entire Western world” According to the Bureau of Labor Statistics, the US economy created 236,000 new jobs in February. If you believe that, I have a bridge in Brooklyn that I’ll let you have at a good price. Where are [...]

The Missing Recovery

“Sooner or later something will pop these bubbles … and the consequences will be horrendous.” Officially, since June 2009 the US economy has been undergoing an economic recovery from the December 2007 recession. But where is this recovery? I cannot find it, and neither can millions of unemployed Americans. The recovery exists only in the [...]

Washington’s Hegemonic Ambitions Are Not in Sync with Its Faltering Economy

“Americans were told a packet of lies designed to win their gullible acceptance to an economy that produces high returns for Wall Street, shareholders, and corporate executives at the expense of everyone else in the country.” In November the largest chunk of new jobs came from retail and wholesale trade. Businesses gearing up for Christmas [...]

More Phony Employment Numbers

If the “free and democratic” Americans cannot even find out what the unemployment rate is, how do they expect to find out about anything? Statistician John Williams (shadowstats.com) calls the government’s latest jobs and unemployment reports “nonsense numbers.” There are a number of ongoing problems with the released numbers. For example, the concurrent-seasonal factor adjustments [...]

America R.I.P.

“A country so poorly led can do nothing but decline.” During the second half of the 20th century the United States was an opportunity society. The ladders of upward mobility were plentiful, and the middle class expanded. Incomes rose, and ordinary people were able to achieve old-age security. In the 21st century the opportunity society [...]

Reaching the Keynesian Long Run, and Yet Not Dead

John Maynard Keynes: From Social Fascism to Economic Fascism? Last Thursday morning, while driving my daughter to her play group, as I was listening to NPR’s usual circle of experts dissecting and interpreting Bernanke’s press conference, it all came back to me: numerous economic courses taken during my bachelors’ and graduate studies, the Bible of [...]