Wednesday, September 8, 2010

OBAMA PLAN: WELFARE FOR WALL ST. & ILLEGALS -You Will Get the Bills!

WHILE BARACK OBAMA GIVES HIMSELF A B+ (HIS BANKSTERS GAVE HIM THE GRADE) JUDICIAL WATCH’S GRADE IS A BIT MORE REALISTIC:
JUDICIAL WATCH.org
With trillion dollar bailouts, government-run healthcare, banks and car companies, ACORN corruption, attacks on conservative media, illegal alien amnesty, unprecedented and dangerous new rights for terrorists, perks for campaign donors—this is the Obama legacy—and we haven't even gotten through the first year of his presidency!
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“Obama’s rejection of any serious jobs program is part of a conscious class war policy. Two years after the financial crisis and the multi-trillion dollar bailout of the banks, the administration is spearheading a campaign by corporations to sharply increase the exploitation of the working class, using the “new normal” of mass unemployment to force workers to accept lower wages, longer hours, and more brutal working conditions.” WSWS.ORG
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YOU WONDERED WHY WALL ST. OWNED OB AMA CAN’T HISPANDER ENOUGH?
MOST OF THE FORTUNE 500 ARE GENEROUS DONORS TO LA RAZA – THE MEXICAN FASCIST POLITICAL PARTY. THESE FIGURES ARE DATED. CNN CALCULATES THAT WAGES ARE DEPRESSED $300 - $400 BILLION PER YEAR!
“The principal beneficiaries of our current immigration policy are affluent Americans who hire immigrants at substandard wages for low-end work. Harvard economist George Borjas estimates that American workers lose $190 billion annually in depressed wages caused by the constant flooding of the labor market at the low-wage end.” Christian Science Monitor
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“Records show that four out of Obama's top five contributors are employees of financial industry giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207) and Citigroup ($358,054). “

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J.P. MORGAN IS ONE OF THE BANKSTER PRESIDENT’S BIGGEST DONORS! THEY’VE MADE OUT VERY WELL WITH THEIR BOY IN THE WHITE HOUSE!
Records show that four out of Obama's top five contributors are employees of financial industry giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207) and Citigroup ($358,054).


“In one session, Hans-Werner Sinn of the University of Munich declared that Americans will “just have to go down in their living standards after years in which their living standards soared in part based on foreign credit which is no longer there.” And Jacob Frenkel, chairman of JP Morgan Chase International “urged the United States to rein in entitlements as part of a ‘political deal’ that recognizes reality,” according to an Associated Press account of the conference. JP Morgan has received tens of billions in loans, debt buy-downs, and direct cash infusions from the federal government.”
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Simpson’s commission, established earlier this year by an Obama executive order to rein in budget deficits, is reportedly considering several measures, including raising the retirement age, perhaps to as high as 70, and cutting benefits as well as cost-of-living increases. It is expected to announce its recommendations in December—not accidentally, one month after the November elections.

OBAMA KEEPS CORPORATE RULING CLASS HAPPY!
“The class character of the calls for “sacrifice” and “responsibility” is increasingly naked. Even as Washington prepares for drastic cuts to Social Security and all manner of social spending, Congress appears likely to extend or make permanent the Bush-era tax cuts for the extremely wealthy, which have cost the federal government trillions of dollars.”

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WHERE WILL OBAMA’S LOOTING GO: HIS WALL ST. PAYMASTERS!

Like the rest of Obama’s proposals, the infrastructure plan is geared to the needs of corporate America, above all to the most powerful financial interests.
Instead, the president and his economic advisors are promoting the notion that more incentives are needed to induce the private sector to hire workers. This is the case even though major corporations have piled up large profits and cash reserves mainly through mass layoffs, wage cuts and speedup of the remaining workers.

Even if the measures were passed, they would do little to address the high levels of unemployment. The proposal for new tax cuts is entirely consistent with the administration’s pro-business policies, aimed at establishing a “new normal” of high unemployment in order to batter down the resistance of workers to wage cuts and intensified exploitation.

WHEN HAVE YOU SEEN A CONSTRUCTION SITE THAT HAD ANY WORKERS THAT WERE NOT HISPANIC ILLEGALS? “…. and the rehiring of large numbers of construction workers.”
On Monday, in a speech at a Labor Day event in Milwaukee, Obama announced plans for infrastructure spending that he claimed would lead to the construction of new high-speed rail lines, roadways, airports and other improvements, and the rehiring of large numbers of construction workers. The trade union bureaucracy and Obama’s other liberal apologists hailed the proposal as a major “public works” investment.

In the guise of creating jobs
Obama to propose further tax cuts for big business
By Jerry White
8 September 2010
President Obama is expected to announce new tax write-offs for big business today at a public appearance in Cleveland. The proposal is the latest in a series of measures which, in the name of creating jobs, will provide hundred of billions more to corporate America while doing nothing to seriously address the economic crisis that has left more than 25 million Americans without full-time work.
With popular anger mounting over his administration’s refusal to address the jobs crisis and indications growing that the Democrats could face a rout in the mid-term elections, the Cleveland speech, just two days after a Labor Day event in Milwaukee, is part of the White House’s effort to appear focused on the plight of the unemployed.
The administration has rejected out of hand any second stimulus package, let alone a government jobs program, even as economists predict unemployment will hover near 10 percent for 2011 and beyond. Instead, the president and his economic advisors are promoting the notion that more incentives are needed to induce the private sector to hire workers. This is the case even though major corporations have piled up large profits and cash reserves mainly through mass layoffs, wage cuts and speedup of the remaining workers.
The supposed “pivot” to job creation by the administration is entirely cynical. The president’s proposals have virtually no chance of being passed before Election Day, with a substantial section of Democratic lawmakers joining with the Republicans in opposing any new spending ostensibly aimed at ameliorating the social crisis.
Even if the measures were passed, they would do little to address the high levels of unemployment. The proposal for new tax cuts is entirely consistent with the administration’s pro-business policies, aimed at establishing a “new normal” of high unemployment in order to batter down the resistance of workers to wage cuts and intensified exploitation.
Obama is calling on Congress to pass legislation that will allow businesses to deduct the full value of new equipment purchases from their taxes through 2011. This would extend a tax break that allowed them to write off 50 percent of such investments in 2008 and 2009. According to the draft description from the administration, the proposal “would put nearly $200 billion in the hands of businesses over the next two years.”
In another measure geared to big business, the president wants to expand and make permanent a tax credit for corporate research and development. The credit has been enacted and extended temporarily over the last three decades “with frequent lapses that frustrate businesses,” the New York Times reported.
The new tax cuts, coming on top of the trillions spent to bail out Wall Street, will further deplete the US Treasury and add to the bipartisan demands for budget cuts, particularly in entitlement spending.
On Monday, in a speech at a Labor Day event in Milwaukee, Obama announced plans for infrastructure spending that he claimed would lead to the construction of new high-speed rail lines, roadways, airports and other improvements, and the rehiring of large numbers of construction workers. The trade union bureaucracy and Obama’s other liberal apologists hailed the proposal as a major “public works” investment.
New York Times columnist Bob Herbert, who has repeatedly warned of the socially explosive consequences of the president’s indifference to the plight of the unemployed, wrote that “a good faith commitment to rebuilding the infrastructure would show that the [Democratic] party has some idea of the scale of the effort that’s needed to overcome the worst downturn since the Great Depression and, ultimately, to build an economy that offers the prospect of a decent living to the next couple of generations.”
The measures proposed by Obama are nothing of the sort. They would merely revise and extend current federal transportation programs that are expiring. Rather than spreading out modest increases in spending over the next five or six years, the president proposes “front-loading” them into a $50 billion lump sum that states could spend in the first year.
Obama claims this will be paid for by eliminating tax breaks and subsidies for the oil and gas industry—a prospect that has almost no chance of being realized given the political influence of Big Oil over both parties.
Even if the $50 billion figure is taken at face value, it is a drop in the bucket compared to the $2.2 trillion the American Society of Civil Engineers (ASCE) says is needed to repair and maintain America’s crumbling infrastructure over the next five years. Nor would it provide a substantial number of jobs for the 1.5 million construction workers who are currently unemployed.
Like the rest of Obama’s proposals, the infrastructure plan is geared to the needs of corporate America, above all to the most powerful financial interests. Rather than investing in repairing collapsing neighborhoods, schools and transportation systems, it is designed to rationalize current infrastructure spending.
According to legislation drafted by leading Democrats, the proposal includes an “infrastructure bank” that would be part of the US Treasury and would attract money from institutional investors. It would channel loans to projects selected by a panel.
As the New York Times notes, “The outside investors would expect a competitive return on their money, so many of the completed projects would have to charge fees, taxes or tolls.” For this reason, the bank would not focus solely on roads, railways and other projects that would have the most socially beneficial results, but also on “telecommunications, water, drainage, green-energy projects and other large-scale projects” that would benefit private investors.
“If the projects did not raise enough money,” the Times adds, “the Treasury might get stuck paying back the investors.”

“THE AMNESTY ALONE WILL BE THE LARGEST EXPANSION OF THE WELFARE SYSTEM IN THE LAST 25 YEARS” Heritage Foundation
"The amnesty alone will be the largest expansion of the welfare system in the last 25 years," says Robert Rector, a senior analyst at the Heritage Foundation, and a witness at a House Judiciary Committee field hearing in San Diego Aug. 2. "Welfare costs will begin to hit their peak around 2021, because there are delays in citizenship. The very narrow time horizon [the CBO is] using is misleading," he adds. "If even a small fraction of those who come into the country stay and get on Medicaid, you're looking at costs of $20 billion or $30 billion per year."
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FAIRUS.org
U.S. Taxpayers Spend $113 Billion Annually on Illegal Aliens
America has never been able to afford the costs of illegal immigration. With rising unemployment and skyrocketing deficits, federal and state lawmakers are now facing the results of failed policies. A new, groundbreaking report from FAIR, The Fiscal Burden of Illegal Immigration on U.S. Taxpayers, takes a comprehensive look at the estimated fiscal costs resulting from federal, state and local expenditures on illegal aliens and their U.S.-born children.
Expanding upon the series of state studies done in the past, FAIR has estimated the annual cost of illegal immigration to be $113 billion, with much of the cost — $84.2 billon — coming at the state and local level.
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THE ENTIRE REASON THE BORDERS ARE LEFT OPEN IS TO CUT WAGES!

“We could cut unemployment in half simply by reclaiming the jobs taken by illegal workers,” said Representative Lamar Smith of Texas, co-chairman of the Reclaim American Jobs Caucus. “President Obama is on the wrong side of the American people on immigration. The president should support policies that help citizens and legal immigrants find the jobs they need and deserve rather than fail to enforce immigration laws.”
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"This is country belongs to Mexico" is said by the Mexican Militant. This is a common teaching that the U.S. is really AZTLAN, belonging to Mexicans, which is taught to Mexican kids in Arizona and California through a LA Raza educational program funded by American Tax Payers via President Obama, when he gave LA RAZA $800,000.00 in March of 2009!
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“What's needed to discourage illegal immigration into the United States has been known for years: Enforce existing law.” ….. CHRISTIAN SCIENCE MONITOR

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