Saturday, April 16, 2011

OBAMA'S STAGGERING CORRUPTION: Crony Capitalism & Votes of La Raza Illegals

ATT MONSTER WAS BROKEN UP DECADES AGO, BUT NOW HAS REEMERGED ITS MONSTER HEAD!


MONOPOLIES LOVE OBAMA. JUST AS BUSH-CHENEY OPERATED THE INTERESTS OF HALLIBURTON, BIG BUSH SAUDIS OIL – CARLYLE GROUP OUT OF THE WHITE HOUSE, OBAMA OPERATES BIG BANKSTER INTERESTS SIMILARLY.

WHEN OBAMA SELECTED DALEY TO OPERATE THE WHITE HOUSE, IT WAS BECAUSE DALEY HAD TIES TO OBAMA’S BANKSTER DONORS, J.P. MORGAN, AS WELL AS DALEY’S OPEN BORDERS POLICY TO GIVE OUR JOBS TO ILLEGALS. THAT IS THE ONLY OBAMA JOBS PLAN!



“AT&T is one of the most powerful lobbying forces in America,” said Dave Levinthal, communications director for the Center for Responsible Politics. “The company is a behemoth not only from a corporate standpoint, but from a political standpoint as well.”

AT&T has friends in the White House as well, where the new chief of staff, William Daley, was the head of SBC Communications, which merged with AT&T in 2005. Daley also served as the Midwest chairman of Goldman Sachs, which is bankrolling the merger with a $20 million loan.



Telecom giants AT&T and T-Mobile to merge

By Andre Damon

24 March 2011

AT&T announced on Sunday that it plans to buy T-Mobile USA, the US branch of Deutsche Telekom, making AT&T by far the largest mobile phone company in the United States.

The merger would add T-Mobile’s 34 million customers to AT&T’s 95.5 million, putting it far ahead of the second-largest company, Verizon Wireless, which has 94.1 million customers. AT&T and Verizon would together hold 79 percent of the US mobile phone market.

If the merger—which is subject to approval by the Federal Communications Commission (FCC) and Justice Department—goes through, it will mean higher prices and stricter choices for consumers, experts warned.

“AT&T is already a giant in the wireless marketplace, where customers routinely complain about hidden charges and other anti-consumer practices,” said Parul P. Desai, policy counsel for Consumers Union, in a statement. “From a consumer’s perspective, it’s difficult to come up with any justification or benefits from letting AT&T swallow up one of its few major competitors.”

The AT&T merger is only the latest event in the ongoing consolidation among US mobile phone service providers. In May 2010, the FCC issued its fourteenth annual report on the state of the wireless communication industry, which found that phone companies are concentrating rapidly and putting less and less revenue into investment.

“One widely-used measure of industry concentration indicates that concentration has increased 32 percent since 2003 and 6.5 percent in 2008,” the FCC concluded.

“The report confirms something I have been warning about for years — that competition has been dramatically eroded and is seriously endangered by continuing consolidation and concentration in our wireless markets,” commented FCC Commissioner Michael Copps last year. Yet the FCC has done nothing to impede the monopolization of the industry.

Art Brodsky, the communications director of Public Knowledge, a public interest group, said the merger would limit consumers’ choices and raise prices.

“It’s an improper concentration of market power,” he said in a telephone interview Wednesday. “Especially when you take out a company like T-mobile, which has better, more flexible pricing plans than AT&T, and has better policies on the use of equipment.

“Less choice for consumers inevitably leads to higher prices for consumers. If there’s less competition, there’s less pressure on prices. If you use the traditional indexes of market concentration, there is no way the Justice Department should be able to approve this.”

But executives at the telecommunications firm think otherwise. They are so confident that the deal will be approved that they have promised to pay T-Mobile $3 billion if regulators strike the merger down.

AT&T has already mobilized its immense lobbying resources to promote the deal. The company employs ninety full-time lobbyists, and has spent at least $15 million on lobbying every year since 2005.

The Center for Responsive Politics (CRP) noted on its blog that AT&T’s lobbying team employs “a basketball squad’s worth of former members of Congress among its lobbyist ranks: Former Senate Majority Leader Trent Lott (R-Miss.), Sen. John Breaux (D-La.), Rep. Vic Fazio (D-Calif.), Rep. Jim Davis (D-Fla.), Rep. Michael Forbes (R-N.Y.) and and Rep. J.C. Watts (R-Okla.).”

“AT&T is one of the most powerful lobbying forces in America,” said Dave Levinthal, communications director for the Center for Responsible Politics. “The company is a behemoth not only from a corporate standpoint, but from a political standpoint as well.”

AT&T has friends in the White House as well, where the new chief of staff, William Daley, was the head of SBC Communications, which merged with AT&T in 2005. Daley also served as the Midwest chairman of Goldman Sachs, which is bankrolling the merger with a $20 million loan.

AT&T and T-Mobile have not announced the number of jobs that would be lost as a result of the merger, although the company bragged about “large, straightforward synergies” that are “expected to exceed the purchase price.” At the very least, thousands of T-Mobile employees will no doubt be laid off as the company shutters retail stores throughout the country.

FCC head Julius Genachowski, who delivered the keynote at the Wireless Association industry trade show Tuesday, significantly made no mention of the proposed deal. Instead he sung praises to mobile broadband technology, in words, as the Wall Street Journal noted, “which could be straight out of the lips of AT&T executives.”

The response of the stock markets was telling. Shares in Verizon Wireless, AT&T’s main competitor, shot up in response to the deal, an indication that it will benefit from the monopolization of the market. Shares in Sprint, a far smaller peer, fell, amid suspicion that it would fold in competition with the two remaining giants.

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MEXICANOCCUPATION.blogspot.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.

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OBAMA’S CRONY CAPITALISM, A LOVE STORY BETWEEN THE ACTOR PRESIDENT, AND HIS BANKSTER DONORS!



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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FOUR CRIMINAL BANKSTERS, ALL IN BED WITH OBAMA, CONTINUE TO PILLAGE A NATION!





4 Wall Street Banks Still Dominate Derivatives Trade

By BEN PROTESS

A few select titans of Wall Street continue to dominate the banking industry’s role in derivatives trading, according to a report issued by the Office of the Comptroller of the Currency.

The nation’s four largest banks — JPMorgan Chase, Citigroup, Bank of America and Goldman Sachs — hold nearly 95 percent of the industry’s total exposure to derivatives contracts, the report found.

JPMorgan, topping all commercial banks, holds nearly $78 trillion of the industry’s $231 trillion in derivatives, according to the report by the comptroller, the federal agency that regulates national banks. Citi is next on the list, with more than $50 trillion in the insurancelike contracts.

The banks — which structure, buy and trade derivatives — have at least one good reason to wield such a heavy hand in derivatives: they drive profits.

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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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FROM CREOLE FOLKS

DALEY – ADVOCATE FOR OBAMA’S OPEN BORDERS WITH NARCOMEX!



Obama Seeks Brother of "Chicago Mob Boss" for Top White House Post

The roaches and con-artist, fake journalist on cable news are all lying about William Daley being all this and all that, this man is an open borders, down with America, free trade globalist. MSNBC and Gretta "the Scientology" Van Susteren from Fox News are knowingly deceiving the public about D. Issa & his letter to "business owners"=which they made into such a BIG DAM DEAL, but no one says anything when Barrack Hussein Obama, comes around with all of these shady bankers, hedge fund managers and Wall St. Tycoons, which he puts in his cabinet. All of Obama's meeting with Wall Street asking, "What can I do for you?" is never something covered by Keith Oberman or Rachel Maddow.

(Bloomberg) -- President Barack Obama is considering naming William Daley, a JPMorgan Chase & Co. executive and former U.S. Commerce secretary, to a high-level administration post, possibly White House chief of staff, people familiar with the matter said.



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Obamanomics: How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends, Corporate Lobbyists, and Union Bosses



BY TIMOTHY P CARNEY





Editorial Reviews

Obama Is Making You Poorer—But Who’s Getting Rich?

Goldman Sachs, GE, Pfizer, the United Auto Workers—the same “special interests” Barack Obama was supposed to chase from the temple—are profiting handsomely from Obama’s Big Government policies that crush taxpayers, small businesses, and consumers. In Obamanomics, investigative reporter Timothy P. Carney digs up the dirt the mainstream media ignores and the White House wishes you wouldn’t see. Rather than Hope and Change, Obama is delivering corporate socialism to America, all while claiming he’s battling corporate America. It’s corporate welfare and regulatory robbery—it’s Obamanomics.

Congressman Ron Paul says, “Every libertarian and free-market conservative needs to read Obamanomics.” And Johan Goldberg, columnist and bestselling author says, “Obamanomics is conservative muckraking at its best and an indispensable field guide to the Obama years.”

If you’ve wondered what’s happening to America, as the federal government swallows up the financial sector, the auto industry, and healthcare, and enacts deficit exploding “stimulus packages,” this book makes it all clear—it’s a big scam. Ultimately, Obamanomics boils down to this: every time government gets bigger, somebody’s getting rich, and those somebodies are friends of Barack. This book names the names—and it will make your blood boil.

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Obama Is Making You Poorer—But Who’s Getting Rich?

Goldman Sachs, GE, Pfizer, the United Auto Workers—the same “special interests” Barack Obama was supposed to chase from the temple—are profiting handsomely from Obama’s Big Government policies that crush taxpayers, small businesses, and consumers.

Investigative reporter Timothy P. Carney digs up the dirt the mainstream media ignores and the White House wishes you wouldn’t see. Rather than Hope and Change, Obama is delivering corporate socialism to America, all while claiming he’s battling corporate America. It’s corporate welfare and regulatory robbery—it’s Obamanomics. In this explosive book, Carney reveals:

* The Great Health Care Scam—Obama’s backroom deals with drug companies spell corporate profits and more government control

* The Global Warming Hoax—Obama has bought off industries with a pork-filled bill that will drain your wallet for Al Gore’s agenda

* Obama and Wall Street—“Change” means more bailouts and a heavy Goldman Sachs presence in the West Wing (including Rahm Emanuel)

* Stimulating K Street—The largest spending bill in history gave pork to the well-connected and created a feeding frenzy for lobbyists

* How the GOP needs to change its tune—drastically—to battle Obamanomics

If you’ve wondered what’s happening to our country, as the federal government swallows up the financial sector, the auto industry, and healthcare, and enacts deficit exploding “stimulus packages” that create make-work government jobs, this book makes it all clear—it’s a big scam. Ultimately, Obamanomics boils down to this: every time government gets bigger, somebody’s getting rich, and those somebodies are friends of Barack. This book names the names—and it will make your blood boil.

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Praise for Obamanomics

“The notion that ‘big business’ is on the side of the free market is one of progressivism’s most valuable myths. It allows them to demonize corporations by day and get in bed with them by night. Obamanomics is conservative muckraking at its best. It reveals how President Obama is exploiting the big business mythology to undermine the free market and stick it to entrepreneurs, taxpayers, and consumers. It’s an indispensable field guide to the Obama years.”

—Jonha Goldberg, LA Times columnist and best-selling author

“‘Every time government gets bigger, somebody’s getting rich.’ With this astute observation, Tim Carney begins his task of laying bare the Obama administration’s corporatist governing strategy, hidden behind the president’s populist veneer. This meticulously researched book is a must-read for anyone who wants to understand how Washington really works.”

—David Freddoso, best-selling author of The Case Against Barack Obama

“Every libertarian and free-market conservative who still believes that large corporations are trusted allies in the battle for economic liberty needs to read this book, as does every well-meaning liberal who believes that expansions of the welfare-regulatory state are done to benefit the common people.”

—Congressman Ron Paul

“It’s understandable for critics to condemn President Obama for his ‘socialism.’ But as Tim Carney shows, the real situation is at once more subtle and more sinister. Obamanomics favors big business while disproportionately punishing everyone else. So-called progressives are too clueless to notice, as usual, which is why we have Tim Carney and this book.”

—Thomas E. Woods, Jr., best-selling author of Meltdown and The Politically Incorrect Guide™ to American History

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• Hardcover: 256 pages

• Publisher: Regnery Press (November 30, 2009)

• Language: English

• ISBN-10: 1596986123

• ISBN-13: 978-1596986121





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