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OpEdNews Op Eds    H2'ed 1/30/15

Billionaires Won't Be Happy Until the US Becomes Austerity-Ravaged Greece

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What the right-wing spin machine isn't telling you is that the paper by the NBER is highly flawed, relies on bad numbers, and confuses correlation with causation.

The Roosevelt Institute found that the paper failed to back up many of the claims it made about employer dynamics.

The Center for Economic and Policy Research found that a similar study conducted with more reliable and accurate numbers came up with the exact opposite conclusion.

And even the paper's co-author, Kurt Mitman, rejected the conclusion that unemployment insurance makes people lazy.

Mitman told The Washington Post that, "People who are out of work are always out looking for jobs, whether or not they're getting unemployment insurance."

The fact is that cutting unemployment insurance doesn't help people find jobs and doesn't provide a boost to the economy.

It's actually the opposite.

As the Economic Policy Institute points out, unemployment insurance is, "among the most effective forms of economic stimulus." When unemployed people get the unemployment benefits from the fund they paid into their whole lives, they use that money to buy things -- and that is what stimulates the economy.

Of course, the right-wing spin machine doesn't care about any of that.

All conservative pundits care about is latching on to anything, whether it's accurate or not, that backs up the lies that support their oligarchs.

And unfortunately, the right-wing spin machine in our country is incredibly effective and efficient, and has taken over most of our media and political dialogue.

The right-wing spin machine will lie about anything, if it means those lies will help right-wing lawmakers slash benefits, eat away at the social safety net, and throw working-class Americans out into the cold.

And, behind the right-wing spin machine are the United States' billionaires and wealthy elite.

Billionaires don't need a social safety net, and don't care if working-class Americans are thrown onto the streets to starve. If anything, doing that provides them with cheaper and more desperate labor.

More importantly, the billionaires don't want their not-so-hard earned money going to help others.

Bottom line, US billionaires don't want working-class Americans, or as they like to say, the "riff raff," to be anything but so terrified they'll take any kind of crap wages the big corporations offer them.

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Thom Hartmann is a Project Censored Award-winning New York Times best-selling author, and host of a nationally syndicated daily progressive talk program on the Air America Radio Network, live noon-3 PM ET. www.thomhartmann.com His most recent books are "The Last Hours of Ancient Sunlight," "Unequal Protection: The Rise of Corporate Dominance and the Theft of Human Rights," "We The People," "What Would Jefferson Do?," "Screwed: The Undeclared War Against the Middle (more...)
 

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