State, federal budget bills will help worsen a destructive national trend
It's a trend that's been advancing at a breakneck clip for years now, but according to a new report from the global nonprofit OxFam, the vast and immoral inequality that dominates the U.S. economy has reached truly stunning levels.
As the report notes, over the past year, the richest ten Americans increased their wealth by 365 billion dollars.
It would take ten average U.S. workers a staggering 726,000 years to make that much money.
But wait, it's about to get worse.
Under Republican budget bills advancing in Congress and the North Carolina legislature, new and regressive tax cuts along with big reductions in services will assure that the gap between the super-rich and everyone else grows even wider.
It's a situation so corrupt and toxic that it's quickly undermining the fabric of a country founded on the premise of equal opportunity.
The bottom line: Elected leaders must confront and reverse these trends right away lest our once great nation soon becomes unrecognizable.
For NC Newsline, I'm Rob Schofield.
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The Hill
22 minutes ago
- The Hill
Trump stuns Wall Street, Washington with controversial BLS nominee
President Trump's pick to lead the Bureau of Labor Statistics (BLS) is breaking the mold of his predecessors and causing alarm among economists of all stripes Commissioners of the BLS are usually academics or career civil servants with decades of experience in statistics and economics. But EJ Antoni, who Trump nominated to lead the agency after firing former BLS chief Erika McEntarfer on the heels of a disappointing jobs report earlier this month, has more bona fides as a pundit and conservative advocate than he does as a statistician. The choice of Antoni to lead a statistical division whose data is scrutinized by businesses and governments all over the world is getting major backlash from the economics profession and sparking concerns about the politicization of bedrock-level economic data. 'E.J. Antoni is completely unqualified to be BLS Commissioner,' Harvard University economist Jason Furman, who worked for the Obama administration, wrote on social media. 'He is an extreme partisan and does not have any relevant experience.' Stan Veuger, a senior fellow at the conservative American Enterprise Institute, echoed Furman's words. 'He's utterly unqualified and as partisan as it gets,' he told the Washington Post. Who is EJ Antoni? Antoni has been the chief economist of the Heritage Foundation's center on the federal budget for the past four months. The Heritage Foundation is a right-wing think tank that produced the wide-ranging Project 2025 policy agenda. Project 2025 took aim at the 'permanent political class' in Washington, and many of its budget-cutting recommendations have been carried out by the Trump administration. He held two research fellowships at Heritage prior to his current position and two other fellowships at the Committee to Unleash Prosperity, a conservative advocacy group led by billionaire Steve Forbes. Antoni submitted his doctoral dissertation in 2020, in which he defends positions associated with 'supply-side economics,' a conservative policy doctrine that became popular in the 1980s. Besides stints as an adjunct at a community college and as an instructor at his alma mater of Northern Illinois University, he's held no other academic posts. By comparison, McEntarfer worked for 20 years as an economist with the Census Bureau. Her predecessor William Beach was the chief economist for the Senate Budget Committee, and his predecessor Erica Groshen spent 20 years as an economist at the New York Federal Reserve and referees for about a dozen academic journals. Antoni is a frequent guest on a number of conservative media outlets. While BLS makes it a point to produce — rather than interpret — economic data, Antoni has been hitting talking points on recent BLS releases in media appearances, a stark contrast with the agency's typical cut-and-dry communications. Discussing the dismal July jobs report, he emphasized job growth among native-born Americans on former Trump adviser Steven Bannon's internet podcast. 'There was some good news in the report, too, that we should definitely highlight,' he said. 'All of the net job growth over the last 12 months has gone to native-born Americans.' The Heritage Foundation did not respond to a request for an interview with Antoni. Backlash from economists Economists aren't mincing their words about Antoni's credentials. One economist at the University of Wisconsin refuted one of Antoni's recent papers, showing it contained basic statistical mistakes and finding that it wasn't possible to replicate its results — an academic kiss of death. Alan Cole, an economist with the conservative Tax Foundation think tank, described the errors in the paper as 'stunning.' 'Stunning errors in a tweet are bad, but worse to do it in long form, where there's more time and effort involved,' he wrote on social media. Conservative economists have also been blasting the firing of McEntarfer after the July jobs report showed that a meager 106,000 jobs have been added to the economy since May. Trump accused the agency — without any evidence — of producing 'rigged' data, which many economists have said is poppycock. 'The totally groundless firing of Dr. Erika McEntarfer … sets a dangerous precedent and undermines the statistical mission of the Bureau,' William Beach, a Trump appointee who preceded McEntarfer as head of the BLS, wrote online. Warnings to senators Antoni is expected to be easily confirmed by the GOP-controlled Senate after he appears before the Senate Health, Education, Labor and Pensions (HELP) Committee, which will also need to approve his nomination. Antoni's critics are waging a long-shot effort to turn GOP members of the committee against the nominee ahead of his likely confirmation. Friends of the BLS, a group that advocates for the agency and that's chaired by Beach and his predecessor Erica Groshen, called out Antoni in a statement Wednesday, describing the debate about his nomination as 'contentious.' 'BLS now … faces the additional challenge of a contentious debate over the nominee for the next Commissioner, Dr. EJ Antoni,' they said. Groshen told The Hill they hope the nomination process will be 'very thorough.' 'The responsibility of the Senate HELP committee … is particularly important at this time,' she added. The Hill reached out to all Republican members of the committee about Antoni's qualifications, most of whom didn't respond. A representative for Sen. Susan Collins (R-Maine) said she wouldn't be commenting on the nomination prior to the hearing. What would politicized labor data look like? Antoni has already floated some massive changes to BLS data releases, including canceling regular monthly reports in favor of quarterly releases — a change that would alter the entire cadence of economic data output and affect nearly every private and public sector model of the U.S. economy. He told Fox News before his nomination that 'the BLS should suspend issuing the monthly jobs reports, but keep publishing more accurate, though less timely, quarterly data,' since BLS data is often subject to revision. Former BLS chiefs told The Hill they're keeping an eye on a regulatory standard known as OMB Directive No. 3, which governs the rules of BLS releases, for any sign that agency data could become politicized. 'Violations of that would be very unusual, and therefore indicative of something unusual underneath it,' Groshen said. Antoni has delivered some conflicting remarks on BLS data revisions, attributing them to 'incompetent' leadership under McEntarfer during his appearance on Bannon's podcast and then noting later that the problems pre-dated her time as agency commissioner. 'I think that's part of the reason why we continue to have all of these different data problems,' he said before adding that 'this is not a problem unique to the Trump administration.' Real problems with BLS data In fact, the downward revisions in the July jobs report that prompted Trump's firing of McEntarfer were due to the late reporting of educational employment figures by state and local governments, along with the more pronounced seasonal effects in that sector since teachers don't work in the summer. That's fairly typical for the agency, current and former employees of the BLS told The Hill. Political narratives aside, the BLS has seen a substantial drop in survey response rates in the aftermath of the pandemic, a decline that has made the data less reliable, but that has affected statistical agencies in a number of countries beyond the U.S. 'This is not a failure of the BLS … This is a phenomenon that is worldwide,' Erica Groshen told The Hill. 'This is a slow-moving train wreck,' she added, exhorting CEOs across the economy to make a priority of the surveys. 'There is no silver bullet. Believe me – people have been looking for it for a long time.' Economists have been lamenting the survey response rates for years. 'Like Orwellian newspeak, [the U.S. employment report] can often mean the reverse of what it says it means. The household and establishment surveys portray contrasting pictures of employment (and both have shocking response rates),' UBS economist Paul Donovan wrote earlier this month, having noted declines since 2023.
Politico
23 minutes ago
- Politico
States are trying to keep disasters apolitical in the new Trump era
'This decision was petty. This decision was partisan, and this decision was punishing.' Moore said. And after the Los Angeles wildfires in January, California Gov. Gavin Newsom was quick to propose that politics could play a role in Trump's approval or denial of funding for his state. 'He's done it in the past, not just here in California,' Newsom said on Pod Save America. 'The rhetoric is very familiar, it's increasingly acute, and obviously we all have reason to be concerned about it.' A review by Seattle-based public radio station KUOW in June found that FEMA denied six of the 10 major disaster requests that Democratic states filed between February and June, while denying just one of 15 requests from Republican states. Asked about the analysis, a White House official said that 'Democrat state requests were denied in the first six months because they were not disasters. In the past, states have abused the process. President Trump is right-sizing FEMA and ensuring it is serving its intended purpose to help the American people.' Democratic Arizona Gov. Katie Hobbs became the rare governor to criticize the federal government's disaster management in mid-July when she called for an investigation following a destructive fire on federal land that burned down a beloved Grand Canyon lodge. Hobbs said that she does not intend her call for an investigation to be viewed as a criticism of the Trump administration. 'I don't, and I think it's really important,' Hobbs said in an interview, adding that good working relationships between officials managing tribal, federal and state land are key. 'This is not intended to undermine that collaboration, but … we need to look at what led to that decision being made.' Steve Ellis, former deputy director of the Bureau of Land Management who worked for the agency and the U.S. Forest Service under multiple administrations, said that any federal agency involved in managing a fire of the magnitude and destructiveness as the one in the Grand Canyon should be launching an investigation without a governor's need to call for it.
New York Post
an hour ago
- New York Post
More than 700 National Guard troops from 3 GOP-led states will be deployed to DC to bolster Trump crackdown
Three Republican-led states will be deploying hundreds of National Guard members to Washington, DC, to bolster President Trump's crackdown on crime and homelessness in the nation's capital. West Virginia will be sending up to 400 troops, South Carolina has pledged 200 and Ohio will dispatch 150 in the coming days, the three states announced on Saturday. 'We stand ready to support our partners in the National Capital Region and contribute to the collective effort of making our nation's capital a clean and safe environment,' Maj. Gen. Jim Seward of the West Virginia National Guard said. The Mountain State's governor, Patrick Morrisey, added: 'West Virginia is proud to stand with President Trump in his effort to restore pride and beauty to our nation's capital,' adding that the mission 'reflects our shared commitment to a strong and secure America.' Three Republican-run states are sending an additional 750 National Guard personnel to Washington DC. AP South Carolina Gov. Henry McMaster announced the deployment of 200 National Guard personnel from the Palmetto State to DC, but said the troops could be recalled in the event of a major national disaster such as a hurricane. He said the deployment was part of Trump's efforts to restore law and order in Washington, and in response to a request from the National Guard Bureau at the Pentagon. Ohio Gov. Mike DeWine, meanwhile, said he was sending 150 military police officers to support the DC National Guard. It follows protests in the capital on Saturday. Getty Images 'These Ohio National Guard members will carry out presence patrols and serve as added security,' he said in a statement. None of the members — who are expected to arrive in DC within the coming days — are currently serving as law enforcement officers within the Buckeye State, DeWine said. The deployments of 750 troops from the three states would bring the total number of National Guard personnel within the capital to over 1,450. So far, National Guard members have played a limited role in the federal intervention. Troops have been spotted patrolling landmarks such as the National Mall and Union Station, as well as assisting law enforcement with tasks such as crowd control. With Post wires
