Unless you are part of
that body of voters we cavalierly call “Trump’s base,” you pretty much have
figured out that the President is all about spoon-feeding the rich and using
the earnings of that vast horde of “most of us” to bear the underlying financial
or health burdens. Deregulation has not created many high-quality jobs, but
consumers are paying higher prices at almost every level.
The unemployment numbers
explain volume, not pay scales and quality of the “new jobs.” As I have blogged
before, 70% of “us” have made no real pay gains in 40 years, 40% of “us” have
struggled and missed on significant bill payment in the last 12 months, and we
have exactly the same number of job-seekers as we had before Trump was elected.
The big numbers come from the earnings at the top of the economic level but
have largely left most of “us” in static numbness.
Remember that Trumpian
“job-creating” tax cut where those corporate tax savings would trickle down to
the workers? Well except for a meagre 8% spent on new hires and capital
improvements, the balance of the resulting corporate savings went into
share-buybacks and dividends to shareholders. But all Americans are equally
liable for the trillion plus dollar add to the deficit. We all have to make the
interest payments on that debt and have to pay back the principal someday.
Here’s how the big lie
works: “‘During the past year,’ the White House says, ‘over 6 million workers
have benefitted from the tax cuts in the form of pay raises, better benefits,
and bigger bonuses.’
“Whether workers are
getting pay raises is the question needing to be proved, not asserted; we’ve
already dealt with ‘better benefits’; and as for ‘bigger bonuses,’ this appears
to be a reference to the one-time gifts of a few hundred or a thousand dollars
doled out by companies raking in millions from the tax cuts. A couple of
points: Since the tax cuts were only enacted in December, it’s a bit odd to
claim they’ve been in effect for a full year.
“Also, 6 million workers
constitutes a less than princely 3.7% of the 162.2 million U.S. civilian
workers, even if the claim is that all 6 million got bonuses, raises, and
better benefits, a dubious proposition. The Trump administration would love to
claim that the tax cuts have increased all workers’ take-home pay, but
obviously that effect is much more pronounced at the top of the income ladder,
where most of the cuts were concentrated.
“If the White House is
hanging its argument on these sorts of calculations, it must really be
desperate to paint a fictional picture. When someone’s argument is that ‘things
would look better if only you used different math,’ beware.” Michael Hiltzig
writing for the September 8th Los Angeles Times. But the base just hears the
words and assumes that they are better off, even if a hard dollar examination
of their own finances would clearly say otherwise.
To get a really good idea
how pro-business this administration is, and how expendable ordinary people
have become, take a look at how under-educated Education Secretary, Betsy
DeVos, a billionaire with tons of family wealth, treats hard-working Americans
who tried to better themselves with some additional vocational education, but
were defrauded by for-profit post-secondary schools that just wanted their
money, much of which was provided by a federal government lending program.
As many of these schools
were officially shut down as fraudulent and then simply went out of business,
Betsy DeVos fought hard to require the students left high and dry still to pay
off those loans in full or at least most of that indebtedness. “The Trump administration
is granting only partial loan forgiveness to the vast majority of students
approved for help because of fraud by for-profit colleges, according to
preliminary Education Department data obtained by the Associated Press.
“The figures demonstrate
the effect of Education Secretary Betsy DeVos’ new policy of tiered relief, in
which students swindled by for-profit schools are compensated based on their
earnings after the program. Of the roughly 16,000 fraud claims approved so far
by the Education Department under DeVos, slightly more than 1,000 students
received full forgiveness on their loans, according to an AP analysis of the
data.
“DeVos has been pushing
to ease regulations for the for-profit sector and raise the bar for students
seeking relief for fraud. Critics say DeVos, who has hired officials from the
for-profit sector to top positions in her agency, is favoring industry
interests. But DeVos counters that the previous approach was unfair to
taxpayers who ended up paying for those forgiven loans. She says the new
process will enable students to get their claims considered more quickly and
efficiently and will be more balanced than an “all-or-nothing” approach.
“More than 165,000 claims
have been filed since the loan forgiveness program was launched in full in 2015
under the Obama administration. A total of nearly 48,000 claims have been
approved.
“Since DeVos took over,
the agency has reviewed more than 25,000 claims.
“Partial forgiveness
awards have covered on average about 30% of a student’s outstanding loan, with
the median loan of roughly $11,500 reduced to about $7,800, according to the
data. The department computes the amount erased by comparing their income to
the incomes of peers in similar programs.” Maria Danilova of the Associated
Press writing for the September 8th Los Angeles Times. Claiming she is
protecting “taxpayers,” DeVos shifted from an Obama-era practice of total loan
forgiveness to a fractional forgiveness program that most former student cannot
afford, particularly without the training they paid for.
DeVos is deeply
anti-public primary and secondary education, believing that vouchers for
charter schools, where religious values (read: Christian) can be taught, are
better for America. Meanwhile, the American public education, based on
worldwide test scores, has slipped from first place to somewhere between 17th
and 19th place, depending on the subject matter. Americans are becoming less
globally competitive with every day... but at least less-educated people just
might continue to be sold a bill of goods by politicians expert at lying with
statistics.
I’m
Peter Dekom, and I am watching more than a third of Americans consistently
cheering as we unravel and hand the high-end economic and political future to
our traditional enemies... without a struggle.
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