Where did the United States go off track?

While the war between Trump supporters, anti-Trump protestors and the media rages on over everything from Trump policies to Trump tweets, there is an evident truth lurking beneath the surface of all the bravado. The truth is that the country is no longer the land of milk and honey nor the example for everyone else to follow. In spite of what financial media would have you believe regarding full employment and a booming economy, it is not the reality for many. As my uncle used to say, “When your neighbour is out of work it is a recession, when you are out of work it is a depression.”

 

According to the recent released United Nations Human Rights Council document titled, “Report of the Special Rapporteur on extreme poverty and human rights on his mission to the United States of America,” the United States is a land of “stark contrast.” The report relies principally upon official government statistics, especially from the United States Census Bureau.

 

According to the report’s findings, it seems to be more clear that the wealth effect promised by Bernanke’s Fed did materialize, only the wealth trickled up and not down. In The Washington Post , Ben Bernanke wrote on November 4, 2010, "the Federal Reserve has a particular obligation to help promote increased employment and sustain price stability.” He went on to say, "Higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending”.

 

So how did that work out? The report explains:

 

“…its immense wealth and expertise stand in shocking contrast with the conditions in which vast numbers of its citizens live. About 40 million live in poverty, 18.5 million in extreme poverty, and 5.3 million live in Third World conditions of absolute poverty. It has the highest youth poverty rate in the Organization for Economic Cooperation and Development (OECD), and the highest infant mortality rates among comparable OECD States. Its citizens live shorter and sicker lives compared to those living in all other rich democracies, eradicable tropical diseases are increasingly prevalent, and it has the world’s highest incarceration rate, one of the lowest levels of voter registrations in among OECD countries and the highest obesity levels in the developed world.”

 

It has become painfully clear for many that Bernanke, student of the Great Depression, made some serious miscalculations about how money would flow and to whom. According to the report, the United States now has the highest rate of income inequality among Western countries. 

 

So there was a slight miscalculation regarding the Fed's monetary policies. When those don't work out as planned, you turn to fiscal policies. How is that working out?

 

“The $1.5 trillion in tax cuts in December 2017 overwhelmingly benefited the wealthy and worsened inequality.”

 

Curiously, since the tax bill was signed, a number of companies have been doing a lot of buybacks. Share buybacks in 2018 have averaged $4.8 billion per day, double the pace from the same period last year, according to an analysis the market data firm TrimTabs provided to CNBC.

 

It has only been 6 months since the tax cuts have been enacted and it takes time for these moves to make their way through the system, however, according to findings in the report you shouldn’t expect any surprising results.

 

“The share of the top 1 per cent of the population in the United States has grown steadily in recent years. In 2016 they owned 38.6 per cent of total wealth. In relation to both wealth and income the share of the bottom 90 per cent has fallen in most of the past 25 years. The tax reform will worsen this situation and ensure that the United States remains the most unequal society in the developed world. “

 

The report addresses the singular optimistic views of new technologies in regard to their benefits yet fail to highlight specific impact of these new technologies on the lives of the poor in American society today. Robotics may help McDonalds create efficiencies by doing away with order takers but will most likely only exacerbate the existing wealth inequality issues.

 

The current heated debate on Trump’s immigration policies have put the plight of the innocent immigrant children in full view. Nobody wants to see children taken from their families. At the same time that this debate is raging with the constant flow of images from CNN to hammer home the point that it is wrong, they fail to recognize the current situation that many American children experience daily.

 

“Poor children are also significantly affected by the country’s crises regarding affordable and adequate housing. On a given night in 2017, about 21 per cent (or 114,829) of homeless individuals were children. But this official figure may be a severe underestimate, since homeless children temporarily staying with friends, family or in motels are excluded from the point-in-time count. According to the Department of Education, the number of homeless students identified as experiencing homelessness at some point during the 2015/16 school year was 1,304,803.”

 

One can argue that there is always the Supplemental Nutrition Assistance Program (food stamps), which was put in place to help this portion of the population. According to findings, the program kept 3.8 million children out of poverty in 2015, and in 2016, the earned income tax credit and the child tax credit lifted a further 4.7 million children out of poverty. However, Trump may just blow up the farm bill over demanding food stamp work requirements. That demand, could mean tens of billions of dollars in cuts to the anti-poverty program.

 

The report pulls no punches and highlights a number of concerning issues such as, Treatment of the poor in the criminal justice system, Criminalization of the homeless, Environmental pollution, and Confused and counterproductive drug policies.

 

Not everyone agrees with the way in which the report is written as Fox News highlights in an opinion piece, “UN poverty report blasting Trump, US for ‘hatred for the poor’ uses data from last year of Obama’s presidency.” But once again, regardless of the facts, they spin it into a political positioning attack.

 

Although the report does list a number of recommendations, we find it hard to believe that the current government parties will put doing the “right and effective thing” in order to get the country back on track, in front of doing what is most effective at getting themselves re-elected.

Comments

helloimjohnnycat mad mad world Thu, 06/21/2018 - 13:40 Permalink

Yeah, that is what the kikes are banking on.

Regardless, do you REALLY think the inbred zio-joos can go hand-to-hand against the masses ?

Those pussy-fukks will be hiding in Israel.

They're excellent in areas of knocking-off doped-up & inebriated Kennedys & their ilk, but if the game gets down to shutting off the water, pulling the power cords, and interrupting the commerce of food stuffs, WHO will be protecting the shutdowns ?

A fuckkass cop with body armor ?

A fat ass detective carrying his cocked Glock ? Those guys have indigestion, can't shit, and live on junk food.

Most of the fuck sticks sweat profusely in 90* weather.

Gets awfully hot around here and we do have millions of guns.

Those pricks also have wives & children who are our neighbors.

Gonna leave them home alone ?  Form an armed guard perimeter 20 feet from 30 homes chock-full of others dying ?

Ha !

Give it three days after everything goes Venezuela and tell me what will come down.

One word sums it up :  " Degüello "

Once situations become desperately Life or Death, the human steamroller will not be stopped. The greater mass will prevail.

American whites only need leadership to break their slumbering sloth. We'll fight our way to the top and set things right.

Areas such as Hollywood would be torched and those fires would be allowed to burn. Might be a good place for the action to kick off !

 

 

 

 

In reply to by mad mad world

Hanomy Pollygotacracker Thu, 06/21/2018 - 11:45 Permalink

Solution?    Maybe you can find it in Hanomy Manifesto @ Hanomy.com  ...  a worldwide paradigm shift to harmonize living for all.  t's free to download and share.  Hanomy is a new social, financial, and political system.  Numbers work.  The mass need to aware of it then demand it.  If Hanomy is a version of the world you like to see, please help spread the word.  Collaboration is welcome.  Thank you.

In reply to by Pollygotacracker

gmak Thu, 06/21/2018 - 07:13 Permalink

WHen you keep stealing from the future to meet the needs of freeloaders in the present - sooner or later you run out of resources to do so.  This is happening all over the western world. And, this is when those who are happiest giving away the (future) productivity of others start to turn on each other like scavengers tearing at the corpse because there is nothing left for them to steal.

Chief Joesph Thu, 06/21/2018 - 07:14 Permalink

America is essential a failed state........er' failed United States.  America is still back in the Medieval era, when it comes to shared wealth and the country's overall welfare.  We essentially have royalty here, and all the wealth goes to them, and the rest of you are nothing more than serfs,  just like it was over 500 years ago in Europe.  

TeethVillage88s gmak Thu, 06/21/2018 - 09:23 Permalink

Everything is an investment.  There is no Commons.  Health Care, Universities, Housing with emphasis to keep home prices going up as investments, REITs, Corporate Farming may get transferred to Foreign Owners in Tariff hikes, Food Manufacturing, Utilities, Transportation... and they don't want you living off the grid.  The Royal families miss out of your purchases and the govts miss your tax and utility participation.

In reply to by gmak

TeethVillage88s Chief Joesph Thu, 06/21/2018 - 09:10 Permalink

Well housing is an investment.  Health Care facilities are an investment.  This is partly why housing prices and rents are kept high.

- Public Utility Act considered part of the New Deal of FDR era provided reasonable prices to householders

- Perhaps the time has come since 3 people at minimum wage required to rent 2 bedroom apartment... Take Housing out of Investment Companies, Hedge Funds, REITs, Trusts, Foundations, Catholic Church holdings, Royal Family Holdings

In reply to by Chief Joesph

TeethVillage88s Anon2017 Thu, 06/21/2018 - 09:51 Permalink

My memory might be wrong, but Norm Dodd video states they went back to 1912 when these Foundations, Carnegie, Ford, Rockefeller formed the Minutes of the Meetings say they intended to change University Education to make us communist country.(see 30:00 minutes into Video)

- Technically I miss wrote, the report came out much later as you know.  I need to relook and educate myself more.  This article is about the 1952-1954 investigation into non-profits.

Video 1908 Carnegie Foundation Minutes, War the most effective means to change a population (25:40 minutes in)

In reply to by Anon2017

TeethVillage88s Thu, 06/21/2018 - 07:39 Permalink

Barry Goldwater Book Excerpts Agenda to Influence Currency, Global Trade, Education/Media, Political Institutions, and Commercial Banking.

http://www.thirdworldtraveler.com/New_World_Order/Goldwater_NoApologies…

"In September 1939, two members of the Council on Foreign Relations, Hamilton Fish Armstrong and Walter H. Mallory, visited the State Department to offer the council's services. They proposed to do research and make recommendations for the department without formal assignment or responsibility, particularly in four areas - security armaments, economic and financial problems, political problems, and territorial problems The Rockefeller Foundation agreed to finance the operation of this plan.

 

KenilworthCookie Thu, 06/21/2018 - 08:00 Permalink

Slowly people besides the usual ZH readers are waking up to the fact that things are not as they appear.Inflation,especially food inflation is off the charts and inflation curbs spending.For too long this country has depended on discretionary spending.Now it's catching up and quickly.

Chief Joesph Thu, 06/21/2018 - 08:43 Permalink

The entire country was off track, even before Ben Bernanke was in diapers.  All Ben Bernanke done, was to please his superiors, the big bankers, by making helicopter drops of money to them in 2008 and 2009.  Why would he care about the welfare of the rest of the population? Of course he didn't have any care at all, because only the banks got bailed out, and nothing about the Feds policies have changed.  The banks controlled him.

TeethVillage88s Chief Joesph Thu, 06/21/2018 - 09:03 Permalink

Probably Elites wanted new currency, open trade, use of slave labor overseas, changes to banking and moving capital off shore...

So... they created federal deficits that drove European Banks to ask for Gold... and this was the 1971 Nixon Shock.

- Action Complete

Then they needed to get agreement on Trade Deregulation when Bill Clinton Tried to Get Elected, NAFTA

- Action Complete

In reply to by Chief Joesph

21st.century Thu, 06/21/2018 - 09:06 Permalink

you could also make the case that 1935 was a banner year for USA derailment . The endless tinkering with the economy and the empowerment of bureaucracy by the cynical New Dealers and their cynical lies-- have persisted into the 21st Century.

1935, because that was the time of the SS Act of 1935 and the Wagner Act-- ( fdr purchased the union vote with the racist "closed shop" power to the

unions .

these endless, shitty articles and the tedious "in-equality" arguments never stop coming.

there is in-equality because of the moronic, UN-fair tax code from yesteryear-- devised during the most cynical period in history.  

 

TeethVillage88s Thu, 06/21/2018 - 09:25 Permalink

What was the year that Fascism tipped the balance in USA?  Was it after 1944.  Was it after US-Vietnam war.  Was it the year of operation Paper Clip.  I tend to think 1971 is very important data.

TeethVillage88s Thu, 06/21/2018 - 09:47 Permalink

Fake News since it doesn't mention critical information concerning decline of World Gini Index/Coefficient.

- Wealth has been transferring from the USA to the poorest countries of the world... probably through trade, off shoring production

- Would guess OECD must also fit into the category of USA, that is Declining Income, Flat or Declining Median Labor Compensation Rate

Just check World Gini historical data.

But btw Foreign Ownership of US Assets is now $35.5 Trillion (BEA IIP) and 2017 Trade Deficit was $811 Billion

Dr. Bonzo Thu, 06/21/2018 - 09:50 Permalink

America could do well as a confederation. The federal model doesn't work. Siphoning off the wealth of the population to feed a maniacal rapacious war machine. Never worked before. Still doesn't work.

We'll see how it shakes out when it eventually fails.

Grandad Grumps Thu, 06/21/2018 - 09:51 Permalink

The United States went off track by not mattering to the people. Satan has his hooks in the ruling families and no one else matters ... or so it seems to everyone else.

If this is in fact a world to experience "The Heroes Journey" then evil is needed and while evil does not have to be defeated in the whole, one must defeat it within oneself... avoid corruption at all costs (or take the dark path and embrace the evil). Stifle your fear and ego and keep your mind and eyes open, even when asleep (when defenses are typically down).

The world does not make a lot of sense, unless it is designed to allow people to adventure and defeat evil. The constant wars provide opportunity for both glory and corruption. Why else would they make sense?

This is in fact a world where one can "do as thou wilt". That is the whole of the law. We are not restricted. The point is that we can choose to do good or evil and accept the consequences.