January 31, 2018

The real state of the union

David DeGraw, Popular Resistance -Since the 60s, the government has been “tweaking” their methodology on economic statistics to hide poor results across the board. If we use old school legit methodology, the real unemployment rate is 21.7%, as opposed to the absurdly fraudulent 4% that is reported by the #FakeNews media & Trump.

Even if we only go back to the fraudulent methodology of January 2000, when the “unemployment rate” was also 4%, and compare it to January 2018, very basic math shows you that the fix is in…

Let’s look at the Labor Force Participation Rate, which shows the percentage of the working-age population currently working, based on U.S. Bureau of Labor Statistics data…

In Jan. 2000, the LFP Rate was 67.3%
In Jan. 2018, the LFP Rate was 62.7%

So the Labor Force Participation Rate declined 4.6%, yet the unemployment rate stayed the same… hmm…

It gets much worse when you consider that roughly 12 million well-paying full-time jobs have been eliminated and replaced with either part-time or below “living wage” full-time jobs that do not provide healthcare benefits.

Also consider this…

- In 2000, there were 168 million more people than full-time jobs (282 million population, 114 million full-time jobs).

- In 2018, there are 201 million more people than full-time jobs (327 million population, 126 million full-time jobs).

...Also consider that the “poverty” rate is another outrageously fraudulent government statistic, with constantly “tweaked” methodology, which is built off the ultimate fraudulent statistic, aka the “inflation” rate.

When you compare the actual cost of living to income, 50% of the U.S. population is presently living in poverty.

Roughly 1/3 of the population has a negative net worth.

Only about 25% generate enough income to cover living expenses without taking on more debt.

Here are some stats on the Health of the Union…

• US healthcare expenditures per capita are double the OECD average and much higher than in all other countries. But there are many fewer doctors and hospital beds per person than the OECD average.

• US infant mortality rates are the highest in the developed world.

• Americans can expect to live shorter and sicker lives, compared to people living in any other rich democracy, and the “health gap” between the US and its peer countries continues to grow.

• The US has the highest prevalence of obesity in the developed world.

• In terms of access to water and sanitation the US ranks 36th in the world.

• America has the highest incarceration rate in the world. Its rate is nearly five times the OECD average.

• The youth poverty rate in the United States is the highest across the OECD with one quarter of youth living in poverty compared to less than 14% across the OECD. [based on the bogus methodology, actual number is significantly higher]

• US inequality levels are far higher than those in most European countries

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