Mainstream Reports Economy Getting Better – Lie

The propaganda machine launched the lie of 8.3% unemployment on the first of the month.  As stated in yesterday’s article it is the way of the propaganda campaign to support a lie through various forms of disinformation from a hundred different angles.  You will have noticed that the main lie of the drop in unemployment has kind of magically disappeared for the moment, and again, this is a part of the strategy.

As the supporting lies are revealed we will report them to you so that we the people can use our media, the internet, to shove the elites’ lies right back in their faces.

The first angle the propagandists have taken is in reference to income discrepancy.  Again, this is an attempt to create an illusion wherein the wealth is not being further transferred from the poor and middle class to the rich.

FOX News used an old report from 2007 to get the ball rolling.  This report said, “The American Enterprise Institute looked at Federal Reserve data from 2001 to 2007, which shows that 44 percent of those in the lowest 20 percent of incomes moved up to higher income levels, while 34 percent of those in the highest 20 percent moved down.”

Note, this report is for 2001-2007…before the financial crash.

This is the art of propaganda, truths and half truths put forth to establish a lie as reality.  Let’s look at these figures, “44 percent moved up to a higher income level”, could this be due to raises in the minimum wage?  And what would that equate to?  Let’s say the minimum wage was $8 per hours and was increased by 10%.  That is an 80 cent per hour raise in low income wages.

Now let’s look at the other side of the coin.  The person making $30 per hour is forced to take a 10% wage cut to keep his or her job from being outsourced.  That is a $3 per hour reduction in wages.  So take $3 minus 80 cents and that comes to $2.20 net transferred from the poor and middle class to the pockets of the rich.

Doesn’t look so good now, does it?

That dirty little rat bastard, Steve Forbes, was on FOX News pushing the propaganda that the top 1% and 10% pay the majority of the taxes, while the bottom 40% pay none.

Let’s look at this propaganda.  In the first place the top 1% pay little or nothing in taxes.  Look at Mitt Romney paying only 15% on $40 million.  And if you want to go on up the ladder, those at the very top are the ones that pay zero tax.  You see these people have foundations and offshore hedge funds, and any money they should have paid in taxes goes into these foundations and hedge funds, and they still maintain control of that wealth, and they absolutely use those dollars to further enrich themselves.

Now let’s talk about the bottom 40%.  So they don’t pay any taxes, huh?  What about the state and federal taxes on gasoline, tobacco, and alcohol?  And what about the fact that if you are a single man among the working poor, you pay 20% income tax and you have no deductions.  So you do not get a nickel of it back.

You will notice that the majority of the neo-cons are going along with the lie of the 8.3% unemployment rate.  Why?  Well, because the legislation to extend middle class tax cuts and unemployment extensions will have to be decided at the end of this month.

So I guess, being as how everybody has gone back to work, we should just end unemployment all together, right?  And being as the economy has turned around, why not just get rid of the middle class tax breaks and give that money to the top 1% so that they can create more jobs and lead us into a boom?

It is indeed the little lies that are the most dangerous because they are sneaky and come up behind you, and the next thing you know the big lie is affirmed, and all the elite have to do to keep the status quo is to turn the cameras away from the tens of millions of unemployed and deny our existence.

Again, things are not getting better; they are indeed getting worse, day by day by day, lie by lie by lie.

God bless this Republic, death to the international corporate mafia, we shall prevail.

0 thoughts on “Mainstream Reports Economy Getting Better – Lie

  1. http://www.optimum.net/AP/ArticlePrinterFriendly?fmId=55156584-u71

    Unemployment aid applications near a 4-year low

    The number of people seeking unemployment aid neared a four-year low last week, a positive sign that strong hiring could continue in the coming months.

    The Labor Department said Thursday that weekly applications for unemployment benefits fell 15,000 to a seasonally adjusted 358,000. That’s the second-lowest level since April 2008.

    The four-week average, a less volatile measure, fell to 366,250, the lowest since late April 2008.

    “The encouraging U.S. employment news continues,” Jennifer Lee, an economist at BMO Capital Markets, wrote in a note to clients. The “job market started February off on a sturdy footing.”

    When applications fall consistently below 375,000, it generally signals that hiring is strong enough to lower the unemployment rate.

    Employers added a net gain of 243,000 jobs in January, the biggest gain in nine months. The unemployment rate fell for the fifth straight month to 8.3 percent, the lowest in nearly three years.

    From November through January, the economy has added an average of 201,000 net jobs per month.

    The increased hiring in part reflects faster economic growth. The economy expanded at an annual rate of 2.8 percent in the final three months of last year – a full percentage point higher than the previous quarter.

    Applications are also falling because companies are laying off fewer workers. A separate report from the Labor Department, released earlier this week, showed that job cuts have fallen below pre-recession levels. Layoffs dropped last year to the lowest annual total in the 10 years the government has tracked the data.

    With job cuts low, even a modest increase in hiring results in net job gains.

    The number of people receiving benefits edged up in the week ending Jan. 21, the latest data available. About 7.6 million people received unemployment aid that week, a slight increase from the previous week. That figure includes about 3.5 million people receiving extended unemployment benefits under an emergency program set up during the recession.

    That program is set to expire at the end of this month, unless Congress agrees to extend it through the end of the year. Lawmakers are wrangling over how to pay for an extension of benefits and for an extension of a Social Security tax cut that is also set to expire at the end of this month.

    Most economists expect growth will slow a bit in the January-March quarter, because companies won’t need to rebuild their stockpiles of goods as much as they did in the winter.

    But some economists are increasingly optimistic that the economy will steadily expand this year, given last month’s unexpectedly large job gains and other positive signs.

    U.S. manufacturing activity grew in January at the fastest pace in seven months. Americans are buying more cars and trucks. And consumers stepped up borrowing in November and December by the most in a decade, which could indicate they are growing more confident in the economy.

    Still, the job market has a long way to go before it fully recovers from the damage of the Great Recession. Nearly 13 million people remain unemployed, and 8.3 percent unemployment is painfully high.

    One reason the unemployment rate has fallen for five straight months is that many people have stopped looking for work. The government only counts people as unemployed if they are actively searching for a job.

    © Copyright 2012 CSC Holdings, Inc.

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