by Paul Craig Roberts from Global Research.
I love it when this former official of the Reagan administration exposes all the lies of the current capitalist spokespeople. It would be interesting to know how his conversion to truth came about.
Here he exposes all the falsehoods and diversions propagated in the media about the unemployment problem in the US.
What is unmentioned, and maybe even a more serious consequence, is the de-skilling of American workers. Many skilled workers with training and experience behind them will lose those skills by extended periods of unemployment. Newly trained workers will have little chance to hone their training with on-the-job experience. Younger people won't bother pursuing expensive training without jobs to go to.