Collapse in Construction Illustrates U.S. Jobs-Lie

As the U.S. “economic recovery” continues, through simply uttering ever-larger lies with its economic “statistics”; next on the agenda is another farcical, monthly jobs report from the U.S. Bureau of Labor Statistics this Friday. Even with the steady drop in the weekly lay-off numbers, they are still at a level 50% higher than any break-even point in the labour market – based upon historical patterns (see “Wall Street Invents NEW Jobs Propaganda”).

The claim by propagandists in the U.S. government and media that the U.S. economy is creating 50% more jobs than normal – to offset those lay-offs - lacks even a shred of plausibility. There are many ways to prove unequivocally that the U.S. economy is still losing vast numbers of jobs each month (likely somewhere between 500,000 and 1 million/month, given current parameters). One easy way is to point to tax receipts.

Revenues for all three levels of government continue plummeting downward, without even the slightest sign of deceleration, let alone stabilization. To suggest the U.S. economy is now producing jobs on a net basis, or (at least) not losing any more jobs (which has already been telegraphed by the propagandists) begs the question: “where's the beef?”

Surely if millions of jobs are being created to offset all the lay-offs then those people would be paying taxes? Apart from the fact that all these “phantom employees” are apparently only paying phantom taxes, the next obvious question is who is doing all this hiring?

It's not government. As pointed out earlier, in the midst of the greatest collapse in government revenues in U.S. history, the three levels of U.S. government have just begun the massive job-slashing necessary to postpone debt-defaults for a few more years (months?).