MEXICANOCCUPATION.blogspot.com
FORECLOSURE AND UNEMPLOYMENT… AS OBAMA SERVICES HIS BANKSTER DONORS, AND PUSHES FOR MORE ILLEGALS IN OUR JOBS.
NEVER IN HISTORY HAS A PRESIDENT ASSAULTED THE AMERICAN WORKER MORE. HIS ADMINISTRATION IS INFESTED WITH BANKSTERS AND LA RAZA PARTY MEX SUPREMACIST.
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Report Illegals & Employers Toll Free... (866) 347-2423
INS National Customer Service Center Phone: 1-800-375-5283.
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http://www.reportillegals.com/
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Go to http://www.MEXICANOCCUPATION.blogspot.com and read articles and comments from other Americans on what they’ve witnessed in their communities around the country. While most of the population of California is now ILLEGAL, the problems, costs, assault to our culture by Mexico is EVERYWHERE. copy and pass it to your friends.
http://www.FAIRUS.org
http://www.JUDICIALWATCH.org
http://www.ALIPAC.us
APPARENTLY OBAMA’S NON-ENFORCEMENT, OPEN BORDERS, NO E-VERIFY, AND ENDLESS HISPANDERING FOR ILLEGALS’ VOTES IS WORKING.... at least for them!
“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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“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
OBAMA’S ONLY JOBS PLAN IS AMNESTY! IF HE CAN’T GET AMNESTY, THEN HE WILL CONTINUE HIS ON GOING POLICY OF TOTAL NON-ENFORCEMENT TO ASSURE ILLEGALS WILL GET IN OUR JOBS FIRST!
“The foreclosure crisis is now growing in regions that were less exposed to bursts of the housing market bubble in 2007. Long-term unemployment is now the major driving force behind foreclosures.”
BANKSTER CRIMINALS J.P. MORGAN, NOW OPERATING DIRECTLY OUT OF THE WHITE HOUSE THROUGH DALEY, ARE OBAMA’S BIGGEST CRIMINAL BANKSTER DONORS!
THEY KNOW OBAMA WILL STAND DOWN TO ANY CRIME THEY PERPETRATE. HERE’S ONE:
The Star Tribune cited the example of Patti, 51, and Scott Weddle, 57, of Harris, Minnesota. They “were ecstatic when JPMorgan Chase offered in November 2009 to cut their monthly mortgage payments by about 20 percent under a trial modification. Patti was out of work with a neck and back injury, and the Weddles were having difficulty making ends meet.
“Nearly a year later, the Weddles were told that their application for a permanent modification was denied and that they would have to pay $24,228 to bring their mortgage current and avoid foreclosure. ‘We did everything that was asked of us, and it only pushed us deeper in the hole,’ Patti Weddle said.”
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Job crisis drives rise in US home foreclosures
By Jerry White
28 January 2011
In a week during which President Obama boasted in his State of the Union address that he had “broken the back of the recession,” data from the US housing and job markets painted the opposite picture.
In 2010, foreclosures increased in nearly three quarters of the 206 major metropolitan areas surveyed by the online foreclosure marketing firm RealtyTrac. This rise more than offset a slight decline in foreclosure levels in some of the hardest hit areas of California, Nevada, Arizona, and Florida.
The foreclosure crisis is now growing in regions that were less exposed to bursts of the housing market bubble in 2007. Long-term unemployment is now the major driving force behind foreclosures.
“We’ve actually had a sea change in what’s causing foreclosures, from the overheated home prices and bad loans to a second wave of foreclosures actually caused by unemployment and economic displacement,” said Rick Sharga, a senior vice president at RealtyTrac.
While the social crisis barely rated a mention in Obama’s address to Congress, the number of long-term unemployed workers—those jobless for 27 weeks or more—reached 6.4 million last month. They account for 44.3 percent of the unemployed, according to the US Labor Department. The official jobless rate has remained above 9 percent for 20 months, longer than the deep recession of the early 1980s, and is expected to remain there throughout 2011.
This forecast was substantiated by a report on Thursday that new applications for jobless benefits jumped last week by 51,000 to 454,000, well beyond expectations. The Labor Department attributed part of the rise to backlogs in four southern states, which processed fewer claims the week before due to snowstorms. However, job cuts continue, and big corporations, sitting on a $2 trillion cash hoard, refuse to hire.
On Wednesday, the Chicago-based drug giant Abbott Laboratories said it would slash 1,900 jobs, or 6 percent of its US workforce, as part of a restructuring plan. The announcement came two weeks after Obama’s new chief of staff, William Daley, resigned from the company’s board of directors, where he served since 2004.
Houston, Seattle and Atlanta saw the biggest increases in home foreclosures among the 20 largest metro areas surveyed by RealtyTrac. Filings jumped 26 percent in the Houston area in 2010, increasing to 1 in every 62 households. The city has been hard hit by job losses, particularly in the airline industry, construction and the public sector. Unemployment has risen to 8.6 percent in November, up from 8.1 percent a year ago. In Seattle, foreclosures rose 23 percent. In Atlanta, they were up 21 percent.
Nationwide, 1 in every 45 homes received a foreclosure filing in 2010, according to RealtyTrac. Las Vegas still had the nation’s highest metro foreclosure rate, with 1 in every 9 housing units (10.9 percent) receiving a foreclosure filing in 2010. Cape Coral-Fort Myers, Florida, and Modesto, California, were second and third.
“We believe we’re going to see an abnormally high growth of foreclosure activity in the first quarter and we do expect that 2011 will be another record year for foreclosure activity and bank repossessions,” RealtyTrac’s Sharga said. He projects bank repossessions will rise by at least 20 percent.
Home foreclosures hit a record high last year, with approximately 2.8 million properties having actions taken against them in 2010, an increase of 2 percent over 2009. The number of properties repossessed by banks jumped 14 percent, to over 1 million.
The metro area with the highest number of repossessed homes was Phoenix-Mesa-Scottsdale in Arizona, where lenders seized 55,372 properties last year, up 17 percent from the year before. The Chicago metro area was second, followed by the Detroit-Warren-Livonia metro area in Michigan, which has been devastated by the downsizing of the auto industry.
Foreclosures and repossessions create a vicious cycle of dragging home values in a neighborhood down, which pushed more homeowners underwater—i.e., they owe more on their mortgage than the market value of their home. In turn, this triggers more foreclosures.
Housing prices, when measured year-over-year, have declined nationally for six consecutive months, according to the S&P/Case-Shiller Home Price Index. Only 4 of the 20 areas tracked by the S&P/Case-Shiller posted year-over-year price gains in November.
While shoring up the banks during the Wall Street bailout, the Obama administration has done nothing to protect working people being forced out of their homes. The administration’s Home Affordable Modification Program (HAMP), which was tacked onto the bank bailout for publicity, has provided permanent mortgage modifications to only a small fraction of those in need.
The congressional oversight panel for the bank bailout pointed out last month that the program “will prevent only 700,000 foreclosures—far fewer than the three to four million foreclosures that Treasury initially aimed to stop, and vastly fewer than the eight to 13 million foreclosures expected by 2012.”
Moreover, the plan does not entail any reduction to the principal owed by homeowners; it merely adjusts monthly payments. According to an article in the Minneapolis Star Tribune on Thursday, many who have sought help under the federal program are getting saddled with huge, unexpected bills. They are being forced to choose between going deeper into debt or foreclosing.
Instead of granting permanent modifications, lenders often reinstate the original loan terms and demand big back payments later on. Through November of last year, lenders canceled 729,109 trial modifications nationwide, the newspaper reported. Carl Christensen, a Minneapolis real estate attorney, told the paper he is getting 15 telephone calls a week from shocked borrowers. “The banks put out their hand and say, ‘We’re going to help you,’ and then stab people right in the back,” Christensen said.
The Star Tribune cited the example of Patti, 51, and Scott Weddle, 57, of Harris, Minnesota. They “were ecstatic when JPMorgan Chase offered in November 2009 to cut their monthly mortgage payments by about 20 percent under a trial modification. Patti was out of work with a neck and back injury, and the Weddles were having difficulty making ends meet.
“Nearly a year later, the Weddles were told that their application for a permanent modification was denied and that they would have to pay $24,228 to bring their mortgage current and avoid foreclosure. ‘We did everything that was asked of us, and it only pushed us deeper in the hole,’ Patti Weddle said.”
The newspaper noted that the trial modifications also ruin borrowers’ credit because lenders classify modified mortgages as technically in default, even if all the agreed-upon payments are made on time. Each month the borrowers make reduced payments, they are reported as delinquent to credit bureaus.
“We’re seeing a lot of really sad stories of families who thought they were getting help only to discover they’re $20,000 or $30,000 behind and about to lose their house,” Thomas Bloomquist, housing supervisor for LSS Financial Counseling Services in Duluth, Minnestoa, told the Star Tribune.
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More than a million immigrants land U.S. jobs
Stepped-up enforcement is not deterring trend of foreign-born employment
By Ed Stoddard
updated 31 minutes ago
DALLAS — Over the past two years, as U.S. unemployment remained near double-digit levels and the economy shed jobs in the wake of the financial crisis, over a million foreign-born arrivals to America found work, many illegally.
Those are among the findings of a review of U.S. Bureau of Labor Statistics and Census Bureau data conducted exclusively for Reuters by researchers at the Center for Labor Market Studies at Northeastern University in Boston.
Often young and unskilled or semi-skilled, immigrants have taken jobs Americans could do in areas like construction, willing to work for less wages. Others land jobs that unemployed Americans turn up their noses at or lack the skills to do.
With a national unemployment rate of 9.4 percent, domestic job creation is at the top of President Barack Obama's agenda and such findings could add to calls to tighten up on illegal immigration. But much of it is Hispanic and the growing Latino vote is a key base for Obama's Democratic Party.
Many of the new arrivals, according to employers, brought with them skills required of the building trade and found work in sectors such as construction, where jobless rates are high.
"Employers have chosen to use new immigrants over native-born workers and have continued to displace large numbers of blue-collar workers and young adults without college degrees," said Andrew Sum, the director of the Center for Labor Market Studies.
"One of the advantages of hiring, particularly young, undocumented immigrants, is the fact that employers do not have to pay health benefits or basic payroll taxes," said Sum.
From 2008 to 2010, 1.1 million new migrants who have entered America since 2008 landed jobs, even as U.S. household employment declined by 6.26 million over that same period.
But in a sign of the times, the pace of job growth for new arrivals has also slowed, to an average of 550,000 a year from 2008 to 2010 from over 750,000 a year from 2000 to 2008.
Sum said it was fair to estimate that around 35 percent of these workers were undocumented or illegal.
Many immigrants acquired jobs in traditional low-wage work associated with foreign, undocumented and especially Mexican labor: hotels and food services, retail trade, sanitation, cleaning and construction.
There are a number of programs by which the United States lets foreign workers into the country to fill gaps in its domestic labor market but employer groups complain little is done in this area for legal, unskilled workers.
"There is basically no unskilled immigration that is legal. There are basically no provisions in the law for unskilled immigrants," said Bill Hammond, president of the Texas Association of Business.
Farm workers in particular argue that Americans would not do the tough field work that is rife with undocumented workers, titling one recent union campaign "Take Our Jobs". The slogan meant that if Americans wanted their jobs, then take them. But it is likely they don't.
Immigrant hiring also comes despite stepped-up workplace enforcement against companies that hire illegal immigrants and the rapid expansion of the online E-verify system used by employers to check immigration status.
Some of those who entered the country since 2008 were employed in sectors that generally require a high level of skills and education, such as finance and insurance.
But the 28,500 new arrivals since 2008 who found work in the finance and insurance sector only comprised 2.6 percent of the 1.1 million migrants. Over 90,000 of the newcomers since 2008 got work in health care and social services, a fast-growing sector where skills are in demand.
Young, educated and willing to work
But the demographic profile of the immigrants who are still landing jobs is slanted to the young, uneducated, unskilled or semi-skilled. Accommodations and food services, for example, was a sector that employed over 144,000 new arrivals -- the biggest group of employed new immigrants. These would be jobs such as hotel maids and dishwashers.
And 42 percent of the 1.1 million were under 30.
The unemployment rate for all Americans without a high school diploma in this age group is about 27 percent to 29 percent -- a level that Sum says is "Depression scale." And in sectors such as construction the unemployment rate is almost 21 percent.
Asked about hiring, industry sources say there is little.
"What hiring? Our guys laid off another 16,000 people in December," said Brian Turmail, spokesman for the Associated General Contractors of America.
Yet the analysis by Sum and his colleagues shows that over 86,000 foreign-born workers who arrived in America since 2008 have been employed in the construction sector.
Sum said the whole situation was creating a deeper domestic labor glut at the bottom of the workforce ladder, depressing wages and sharpening already widening income disparities.
But Ezequiel Arvizu, the compliance and diversity representative with federal contractor Sundt Construction in Arizona, said his company had hired new arrivals over the past three years simply because they often have experience that native-born Americans lack.
"People often think construction is unskilled but the trades are very skilled and we need cement masons, carpenters, equipment operators," he told Reuters in a phone interview.
"We are looking for qualified candidates and it just so happens that some of the candidates who we select are legal immigrants. It means they have the skills we are looking for," he said.
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MEXICANOCCUPATION.blogspot.com
FAIRUS.org
steinreport.com
The study finds that employers favor immigrant workers - particularly illegal aliens - because they work for lower wages, do not demand health care and other benefits, and because businesses can avoid paying payroll taxes.
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January 21, 2011
New Report Draws Direct Link Between Immigration and Unemployment for American Workers
by Ira Mehlman
While unemployment in the United States remains stubbornly high (officially 9.4%, but actually closer to 17% when discouraged workers and people relegated to part-time work are factored in), the picture for immigrants is much brighter. According to a forthcoming report from the Center for Labor Market Studies at Northeastern University, some 1.1 million legal and illegal immigrants entered the U.S. labor force between 2008 and 2010. Over the same period, employment for American workers declined by 6.26 million jobs.
In an interview with Reuters, the author of the study, Andrew Sum, makes it clear that the hiring boom for new immigrants - about 35% of whom are in the country illegally - has come directly at the expense of American workers. "Employers have chosen to use new immigrants over native-born workers and have continued to displace large numbers of blue-collar workers and young adults without college degrees," states Sum.
The study finds that employers favor immigrant workers - particularly illegal aliens - because they work for lower wages, do not demand health care and other benefits, and because businesses can avoid paying payroll taxes.
The majority of immigrant workers who entered the U.S. labor force between 2008 and 2010 took jobs that could be done by unemployed American workers. These include jobs in construction, hotels and food services, retail trade, sanitation and cleaning.
The report amounts to a devastating indictment of America's political leadership that has allowed millions of American workers and their families to suffer by maintaining immigration policies that prevent them from gaining access to jobs in their own country.
MEXICANOCCUPATION.blogspot.com
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OBAMA HAS HAD ONE AGENDA FROM DAY ONE: Service his big bankster donors and make sure they’re making staggering profits and safe from prison, and keeping our borders open for hordes more Mexican looters!
OBAMA’S ONLY JOBS PLAN IS CALLED AMNESTY!
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“The president's straddling can work for the time being. But unless he wants to end up in the sawdust, acrobat Obama will eventually have to hop on one horse and lead the way. That would have to be the horse named "Enforcement First." CHRISTIAN SCIENCE MONITOR
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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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Go to http://www.MEXICANOCCUPATION.blogspot.com and read articles and comments from other Americans on what they’ve witnessed in their communities around the country. While most of the population of California is now ILLEGAL, the problems, costs, assault to our culture by Mexico is EVERYWHERE. copy and pass it to your friends.
http://www.FAIRUS.org
http://www.JUDICIALWATCH.org
http://www.ALIPAC.us
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