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IPFS News Link • Misinformation

US Running on Myths, Lies, Deceptions and Distractions

• by John Atcheson

The United States is headed for a plutocratic dystopia where a few gated communities sit like islands amidst a sea of bitterness, misery, and want.


Because the country is running on lies, myths, deceptions and distractions. Not surprisingly, they aren’t working very well for us.

Let’s run through a few of the most destructive lies and myths.

Corporations and the uber rich are the job creators: Uh, no. Corporations are sitting on over $2 trillion dollars in un-invested profits. What jobs they are creating are in China and other countries – which, by the way, engaged in huge government funded stimulus programs when the Great Recession first hit. Which brings us to our next myth...
Government can’t create jobs: This particular whopper is just plain counterfactual. Obama’s much maligned stimulus program created some 3 million jobs and would have created more if he hadn’t caved to Republicans and limited its size and agreed to put 40% of it into unproductive tax cuts. In short, government does create jobs – no one else can or will when there’s not enough consumer demand to justify corporate expansion. And as long as the middle class’s wealth is getting siphoned off by the 1%, there will not be enough demand.