President Obama goes for a reset on jobs - THEN HANDS AMNESTY TO 300,000 OF HIS LA RAZA PARTY BASE!

President Obama goes for a reset on jobs http://mexicanoccupation.blogspot.com/2011/07/judicial-watch-obamas-amnesty-wll.html MEXICANS SAY AMNESTY WILL BOOST THEIR INVASION… OBAMA SAYS HIS CONTINUED NON-ENFORCEMENT OF LAWS PROHIBITING THE EMPLOYMENT OF ILLEGALS IS JUST AS GOOD! OBAMA… THE FIRST LA RAZA PRESIDENT OBAMA AND THE BILLIONAIRE DICTATORS OF NARCOMEX HAVE WORKED OUT AS A SWEET PLAN: MEXICO WILL CONTINUE WHOLESALE EXPORTING OF THEIR POOR, ILLITERATE, CRIMINAL AND PREGNANT TO LOOT AMERICA AND OBAMA WILL HOLD THE BORDERS OPEN WAITIN FOR THEM TO FIND OUR JOBS, AND “FREE” MEDICAL, WELFARE AND VOTING BOOTHS. OBAMA WILL KEEP WAGES DEPRESSED WITH THESE HORDES OF ILLEGALS AND THAT MAKES HIS WALL ST. PAYMASTERS AND THE U.S. CHAMBER of COMMERCE HAPPY AND GENEROUS. OBAMA KNOWS HE WON’T CON US AGAIN WITH THIS “CHANGE” CRAP, SO HE NEEDS TO SERVICE HIS CRIMINAL BANKSTER DONORS EVEN MORE TO FUND HIS REELECTION AND HISPANDER FOR THE ILLEGALS’ ILLEGAL VOTE…. IN FACT, THAT’S ALL OBAMA HAS DONE FROM HIS FIRST DAY IN OFFICE! VIVA LA RAZA? LIKE OBAMA TOLD THE LA RAZA FASCIST CONVENTION LAST WEEK, HE’S INFESTED HIS ADMINISTRATION WITH LA RAZA SUPREMACIST AND ADVOCATE FOR OPEN BORDERS!! VIVA LA RAZA? OBAMA DOES AND WILL MAKE SURE YOU’RE PAYING FOR THE MEXICAN INVASION, OCCUPATION AND WELFARE STATE HE’S CREATING FOR ILLEGALS IN OUR BORDERS!!! * http://mexicanoccupation.blogspot.com/2011/07/obama-courts-radical-la-raza-group-by.html OBAMA’S CONNECTION TO THE MEXICAN SUPREMACIST FASCIST PARTY of LA RAZA NEXT TO BANKSTERS, ONLY LA RAZA HOLDS MORE POSITIONS IN THE OBAMA ADMINISTRATION. HE’S WORKED FOR ILLEGALS FROM HIS FIRST DAY. ONE WONDERS WHY THE SITUATION WOULD HAVE BEEN IF HE HAD WORKED AS HARD FOR BLACK AMERICANS??? * THE LA RAZA PRESIDENT “But far more significant was the President's trip to the National Council of La Raza in Washington yesterday where the President spoke on the need for Hispanic empowerment and the need to pass comprehensive immigration reform.” Obama Courts Radical La Raza Group A few weeks ago I told you that the Obama administration has nearly tripled the amount of taxpayer funds given to the radical Mexican separatist group the National Council of La Raza (NLCR). Not coincidentally, this increased generosity commenced after Obama tapped one of NCLR’s former top officials (Cecilia Munoz) to serve as his Director of Intergovernmental Affairs. Well, following on that story, President Obama delivered a high-profile speech to NCLR this week, letting the radicals know he plans on giving more to them than just cash. Now, to be fair, this organization has for a long time had friends in high places in both political parties and enough pull to secure speeches from such political heavyweights as Governor Rick Perry (R-TX). The Chicago Sun-Times has the full transcript of Obama’s speech. However, I thought I would share with you a few of the key excerpts and headlines: 1. Obama noted the influence of the NCLR within his administration. It is good to be back with NCLR. It is good to see all of you. Right off the bat, I should thank you because I have poached quite a few of your alumni to work in my administration. 2. Obama promised to complete his mission to pass the Dream Act, another of his “stealth amnesty” initiatives that would provide permanent residency to illegal alien high school graduates as long as they go to college or join the military: I promised you I would work tirelessly to fix our broken immigration system and make the DREAM Act a reality. And two months ago…I went down to the border of El Paso to reiterate…my vision for an immigration system that holds true to our values and our heritage, and meets our economic and security needs. And I argued this wasn't just the moral thing to do, it was an economic imperative. 3. Obama stated that he is very tempted to “bypass Congress and change the laws on [his] own”: Now, I swore an oath to uphold the laws on the books, but that doesn't mean I don't know very well the real pain and heartbreak that deportations cause. I share your concerns and I understand them. And I promise you, we are responding to your concerns and working every day to make sure we are enforcing flawed laws in the most humane and best possible way. Now, I know some people want me to bypass Congress and change the laws on my own. And believe me, right now dealing with Congress… [The audience began to chant: “Yes, you can! Yes, you can! Yes, you can! Yes, you can! Yes, you can!”] Believe me, believe me, the idea of doing things on my own is very tempting. [Actually, Obama is being modest here. As I’ve pointed out previously, Obama has already bypassed Congress and enacted stealth amnesty by shutting down deportation proceedings against illegal aliens, including violent criminals. Read more here.] 4. Obama made a campaign appeal for himself and for Democrats: But here's the only thing you should know. The Democrats and your President are with you. Don't get confused about that. Remember who it is that we need to move in order to actually change the laws. [This is a smart political ploy says political strategist Douglas Schoen in an opinion column published on FoxNews.com.] Obama closed, as politicians often do in speeches of this nature, by recounting the contributions of immigrants to our country: “This country has always been made stronger by our immigrants. That [sic] what makes America special. We attract talented, dynamic, optimistic people who are continually refreshing our economy and our spirit.” No one would dispute the wonderful contributions of immigrants who come here legally for a better life. But here’s the thing. Obama is talking to the wrong group. The National Council of La Raza (The Race) is not a collection of “dynamic, optimistic people” who have an interest in “refreshing” the American spirit! As I mentioned a few weeks ago, but it bears repeating, the NCLR is a radical racialist group — too many members have absolutely no respect for the United States, most especially not for our immigration laws! (This was evident when the NCLR crowd urged Obama to violate the Constitution during his speech and unilaterally grant amnesty.) Moreover, this is the same organization that supports “radical Chicano” groups that seek to conquer the American Southwest by force or by ballot box and return it to Mexico. (Here’s our special report that makes this point.) Do these seem like the type of immigrants who want to seek the American dream? No matter the reason why Obama is pushing his illegal immigration strategy – whether it’s a deep-seated belief or a ploy to attract the Hispanic vote – his polices are downright dangerous and flagrantly unconstitutional. Judicial Watch will continue to oppose them at every turn. Until next week… Tom Fitton President Judicial Watch is a non-partisan, educational foundation organized under Section 501(c)(3) of the Internal Revenue code. Judicial Watch is dedicated to fighting government and judicial corruption and promoting a return to ethics and morality in our nation’s public life. To make a tax-deductible contribution in support of our efforts, click here. * INVASION PROSPECTS IN 2009 Judicial Watch Mexicans Say Amnesty Will Boost Illegal Immigration last Updated: Wed, 10/14/2009 - 3:02pm If President Obama keeps his promise of giving the nation’s 12 million illegal aliens amnesty it will encourage more Mexicans to enter the United States, according to residents of the struggling Latin American country who are undoubtedly rooting for the commander-in-chief’s plan. The majority of illegal immigrants in the U.S. are from Mexico therefore the president’s reprieve project will greatly affect that nation. Two-thirds of Mexicans say they know someone living in the United States and around one-third have an immediate member of their household or close relative living in the U.S. A majority of those residing south of the border say legalizing their undocumented countrymen will inspire more Mexicans to head north, according to a recent survey conducted by an internationally known polling and market research company. A vast majority of Mexicans with a relative in the United States said a legalization program would make people they know more likely to go to America illegally. The results of the survey were made public this week by a research organization dedicated to studying the economic, social, fiscal and demographic impacts of immigration in the U.S. It reveals that nearly one-third of Mexican residents (nearly 40 million people) would like to live in the U.S. and if there was an amnesty a large number would come illegally with the hope of qualifying for a future exoneration. An amnesty, therefore, would stimulate more illegal immigration which is the last thing this country needs. Furthermore, rewarding those who have violated our nation’s laws with coveted U.S. residency and possibly citizenship demeans the system, especially for those who follow the appropriate steps to come lawfully. It’s bad enough that U.S. taxpayers annually dish out billions of dollars to educate, medically treat and incarcerate illegal aliens who are, in many cases, depleting local governments. Los Angeles County alone spends more than $1 billion a year, including $48 million a month in welfare costs, to provide services for illegal aliens. The crisis is hardly limited to border states, which have traditionally been the most impacted. Georgia’s skyrocketing illegal population costs taxpayers nearly $2 billion a year. * ILLEGAL ALIEN POPULATION MAY BE AS HIGH AS 38 MILLION Study: Illegal alien population may be as high as 38 million A new report finds the Homeland Security Department "grossly underestimates" the number of illegal aliens living in the U.S. Homeland Security's Office of Immigration Studies released a report August 31 that estimates the number of illegal aliens residing in the U.S. is between 8 and 12 million. But the group Californians for Population Stabilization, or CAPS, has unveiled a report estimating the illegal population is actually between 20 and 38 million. Four experts, all of whom contributed to the study prepared by CAPS, discussed their findings at a news conference at the National Press Club in Washington Wednesday. James Walsh, a former associate general counsel of the Immigration and Naturalization Service, said he is "appalled" that the Bush administration, lawyers on the Senate Judiciary Committee, and every Democratic presidential candidate, with the exception of Joe Biden, have no problem with sanctuary cities for illegal aliens. "Ladies and gentlemen, the sanctuary cities and the people that support them are violating the laws of the United States of America. They're violating 8 USC section 1324 and 1325, which is a felony -- [it's] a felony to aid, support, transport, shield, harbor illegal aliens," Walsh stated. Walsh said his analysis indicating there are 38 million illegal aliens in the U.S. was calculated using the conservative estimate of three illegal immigrants entering the U.S. for each one apprehended. According to Walsh, "In the United States, immigration is in a state of anarchy -- not chaos, but anarchy." * THE CHRISTIAN SCIENCE MONITOR Immigration bill sticker shock $127 BILLION (dated) A government study puts the cost of the Senate's version of reform at $127 billion over 10 years. By Gail Russell Chaddock - Staff writer of The Christian Science Monitor WASHINGTON The price tag for comprehensive immigration reform was not a key issue when the Senate passed its bill last May. But it is now. One reason: It took the Congressional Budget Office (CBO) - the gold standard for determining what a bill will cost - until last week to estimate that federal spending for this vast and complex bill would hit $127 billion over the next 10 years. At the same time, federal revenues would drop by about $79 billion, according to the CBO and the Joint Committee on Taxation. If lawmakers fix a tax glitch, that loss would be cut in half, they add. In field hearings across the nation this month, House GOP leaders are zeroing in on the costs of the Senate bill. It's a bid to define the issue heading into fall elections and muster support for the House bill, which focuses on border security. They say that the more people know about the Senate version, including a path to citizenship for some 11 million people now in the country illegally, the less they will be inclined to support it. “WE ARE NOW JUST BEGINNING TO SEE A GLIMPSE OF THE STAGGERING BURDEN ON AMERICAN TAXPAYERS” OF THE MEXICAN INVASION....... "We are now just beginning to see a glimpse of the staggering burden on American taxpayers the Reid-Kennedy immigration legislation contains," said House Judiciary Committee Chairman James Sensenbrenner, who convened a field hearing at the State House in Concord, N.H., Thursday on the costs of the Senate bill. But business groups and others backing the Senate bill say that the cost to the US economy of not resolving the status of illegal immigrants and expanding guest-worker programs is higher still. "In my opinion, the fairer question is: How will illegal immigrants impact the costs of healthcare, local education, and social services without passage of comprehensive immigration reform?" said John Young, co-chairman of the Agriculture Coalition for Immigration Reform, at Thursday's hearing. "Had we solved this problem in a truly comprehensive way in 1986 ... we would not have the daily news reporting outright shortages of farm labor threatening the very existence of agricultural industries coast to coast," he adds. * MEXICANOCCUPATION.blogspot.com Experts are poring over the new CBO data - and coming up with radically different assessments of the social costs of reform, ranging from tens of billions of dollars higher to a net wash. On the issue of border security - a feature in both bills - there is little disagreement. The CBO estimates that the cost of hardening US borders in the Senate bill is $78.3 billion over 10 years, or about 62 percent of the bill's total cost. The fireworks involve new entitlement spending in the Senate version. The CBO sets the price tag for services for some 16 million new citizens and guest workers at $48.4 billion through fiscal year 2016. That includes $24.5 billion for earned income and child tax credits, $11.7 billion for Medicaid, $5.2 billion for Social Security, $3.7 billion for Medicare, and $2.4 billion for food stamps. But it's easier to estimate the cost of a mile of fence than to assess the prospects for millions of workers, once they can work legally and claim benefits. “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." * “What's needed to discourage illegal immigration into the United States has been known for years: Enforce existing law.” CHRISTIAN SCIENCE MONITOR CHRISTIAN SCIENCE MONITOR WHY THE NEW JOBS GO TO IMMIGRANTS By David R. Francis Wall Street cheered and stock prices rose when the US Labor Department announced last Friday that employers had expanded their payrolls by 262,000 positions in February. But it wasn't entirely good news. The statisticians also indicated that the share of the adult population holding jobs had slipped slightly from January to 62.3 percent. That's now two full percentage points below the level in the brief recession that began in March 2001. Why the apparent contradiction? Reasons abound: population growth, rising retirements. But one factor that gets little attention is immigration. In the past four years, the number of immigrants into the US, legal and illegal, has closely matched the number of new jobs. That suggests newcomers have, in effect, snapped up all of the new jobs. "There has been no net job gain for natives," says Andrew Sum, an economist at Northeastern University. * MEXICANOCCUPATION.blogspot.com 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.” * 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 * THERE IS A REASON WHY THE U.S. CHAMBER OF COMMERCE, FRONT FOR BIG BUSINESS LOOTERS, WANT OPEN BORDERS, NO E-VERIFY, AMNESTY OR AT LEAST OBAMA’S CONTINUED NON-ENFORCEMENT. HERE’S WHY: * Illegals make more than US workers Joe Legal works in construction, has a Social Security Number and makes $25.00 per hour with taxes deducted. Jose Illegal also works in construction, has NO Social Security Number, and gets paid $15.00 cash "under the table". Ready? Now pay attention... Joe Legal: $25.00 per hour x 40 hours = $1000.00 per week, or $52,000.00 per year. Now take 30% away for state and federal tax; Joe Legal now has $31,231.00. Jose Illegal: $15.00 per hour x 40 hours = $600.00 per week, $31,200.00 per year. Jose Illegal pays no taxes. Jose Illegal now has $31,200.00. Joe Legal pays medical and dental insurance with limited coverage for his family at $600.00 per month, or $7,200.00 per year. Joe Legal now has $24,031.00. Jose Illegal has full medical and dental coverage through the state and local clinics at a cost of $0.00 per year. Jose Illegal still has $31,200.00. Joe Legal makes too much money and is not eligible for food stamps or welfare. Joe Legal pays $500.00 per month for food, or $6,000.00 per year.. Joe Legal now has $18,031.00. Jose Illegal has no documented income and is eligible for food stamps and welfare. Jose Illegal still has $31,200.00. Joe Legal pays rent of $1,200.00 per month, or $14,400.00 per year. Joe Legal now has $9,631 .00. Jose Illegal receives a $500.00 per month federal rent subsidy. Jose Illegal pays out that $500.00 per month, or $6,000.00 per year. Jose Illegal still has $ 31,200.00. Jose Illegal receives a $280.00 per family member/ month federal CASH AID for four family members . Jose Illegal has $ 43,200.00. Joe Legal pays $200.00 per month, or $2,400.00 for insurance. Joe Legal now has $7,231.00. Jose Illegal says, "We don't need no stinkin' insurance!" and still has $ 43,200.00. Joe Legal has to make his $7,231.00 stretch to pay utilities, gasoline, etc. Jose Illegal has to make his $ 43,200.00. stretch to pay utilities, gasoline, and what he sends out of the country every month.."actually Jose illegal doesn't pay for most utilities in many states as he gets county assistance to pay the bills and his late fees" Joe Legal now works overtime on Saturdays or gets a part time job after work. "and pays a higher tax rate if he earns above a certain amount" Jose Illegal has nights and weekends off to enjoy with his family. Joe Legal's and Jose Illegal's children both attend the same school. Joe Legal pays for his children's lunches while Jose Illegal's children get a government sponsored lunch. Jose Illegal's children have an after school ESL program. Joe Legal's children go home. Joe Legal and Jose Illegal both enjoy the same police and fire services, but Joe paid for them and Jose did not pay. …. AND THEN JOE LEGAL STILL GETS THE TAX BILL TO SUPPORT ALL THIS “CHEAP” MEXICAN LABOR, AND THE CRIME TIDAL WAVE THAT COMES WITH THE OCCUPATION! * SHOULD WE REALLY BE HANDING OUR JOBS TO ILLEGALS? OBAMA DAILY SABOTAGES E-VERIFY TO MAKE SURE ILLEGALS GET OUR JOBS FIRST! HIS SEC. OF DEPT OF (ILLEGAL ) LABOR IS A LA RAZA PARTY SUPREMACIST! SONIA SOTOMAYER IS A LA RAZA PARTY MEMBER AND VOTED AGAINST E-VERIFY! http://mexicanoccupation.blogspot.com/2011/05/sonia-sotomayer-la-raza-party-member-on.html * WSWS.org – get on their free NO ADS news mails! Unemployment rises in 29 US states By Patrick Martin 23 November 2009 Unemployment rates rose in 29 of the 50 US states in October, according to a report released by the federal Department of Labor Friday, with California, Florida, South Carolina and Delaware reporting all-time highs since 1976, when the Labor Department began reporting statewide totals. The District of Columbia also had its highest-ever official jobless total. The jobless rate in California, the largest US state, hit 12.5 percent, while the jobless rate in Florida, the fourth-largest state, was 11.2 percent. The 29 states showing increased unemployment was itself a rise over September, when 22 states had rising unemployment figures. Eight states showed no change in the unemployment rate, while 13 states reported a drop. Michigan still had the nation's highest unemployment rate in October: 15.1 percent, slightly below the September rate of 15.3 percent. It was followed by Nevada at 13 percent, Rhode Island at 12.9 percent, California at 12.5 percent and South Carolina's 12.1 percent. All told, 13 states were above the national average of 10.2 percent (the others being Illinois, Indiana, Ohio, Kentucky, Tennessee, Oregon, Alabama, North Carolina and Georgia). Michigan, Ohio, Kentucky and Indiana, all centers of auto production, saw slight increases in the actual number of employed workers, partly as a consequence of the cash-for-clunkers program, which expired in September. The actual number of jobs reported in Michigan rose by 38,600, the second largest for any state, trailing only Texas, which added 41,700 jobs, largely in education, health care and government. The Texas unemployment rate nonetheless increased, to 8.3 percent. Every one of the 50 states has a higher unemployment rate than one year ago, and all have a lower total number of jobs than in October 2008. Since the US recession began officially in December 2007, total US unemployment has increased by 8.2 million people. While the state-by-state variation was quite pronounced—ranging from Michigan’s 15.1 percent down to North Dakota’s 4.2 percent—the regional variation was far less. The Western US had the highest unemployment rate, at 10.8 percent, with the Northeast showing the lowest rate, 9 percent, and the Midwest and South in between. These figures indicate catastrophic levels of social distress, given that the official unemployment rate is effectively doubled once involuntary part-time and so-called discouraged workers are included. Several other reports have been released that suggest the human dimensions of the economic and social crisis in the United States. The Mortgage Bankers Association reported that 14 percent of borrowers were in trouble on their mortgages during the third quarter (July to September 2009), a record for the industry. Unemployment, rather than the collapse in home prices, was the biggest factor in delinquencies, the survey found. The 14 percent rate translates into 7.4 million households, with approximately one third in foreclosure, and two thirds delinquent on payments but not yet in foreclosure. This compares to 5 million households in trouble one year ago. A Census Bureau survey, based on figures collected in 2007, at the early stages of the current slump, found that 20 percent of Americans needed outside assistance to pay for basic needs like food, mortgage or utilities. Nine percent of households had to resort to food pantries and soup kitchens for food. More than one million households were without a refrigerator or stove. A report in the Detroit Free Press Sunday found that record numbers of Michigan residents were receiving food stamps, Medicaid and other forms of social assistance, with new applicants, largely workers recently laid off from their jobs, jamming social service offices throughout the state. Some 1.8 million people were receiving Medicaid benefits in Michigan last month, and 1.65 million receiving food assistance. More than 20 percent of the population was dependent on some form of aid. Nearly one million people were receiving food or Medicaid in Wayne County, the state’s largest, which includes the city of Detroit. Even in the once largely affluent Oakland County suburbs, some 224,000 people were received food assistance or Medicaid in October. GOOGLE OBAMA AND GOLDMAN SACHS! Meanwhile, the comptroller of New York state, in a report issued November 17, projected that Wall Street profits in 2009 would top the record set in 2006, at the height of the speculative bubble. The four largest investment firms—Goldman Sachs, Morgan Stanley, Merrill Lynch (now the investment arm of Bank of America), and JP Morgan Chase—made $22.5 billion in profits during the first nine months of the year. Member firms of the New York Stock Exchange made a record $35.7 billion in trading profits during the first six months of 2009, shattering the previous record, set in 2000, by nearly $9 billion. The top six US banks have already set aside $112 billion for salaries and bonuses in the first nine months of the year, and could easily shatter the 12-month record total of $162 billion set in 2007, once mammoth year-end bonuses are reported. In his Saturday Internet and radio speech, recorded at the end of his east Asian trip, President Obama rejected any special job-creation measures. Claiming that the US economy was now emerging from recession, Obama declared, “In order to keep growing, we need to spend less, save more, and get our federal deficit under control.” Obama touted the forum on economic growth he will convene at the White House on December 3, but added, “It is important that we do not make any ill-considered decisions—even with the best of intentions—particularly at a time when our resources are so limited.” OBAMA NEVER SAID THE STUPID GRINGO’S “RESOURCES” WHERE LIMITED WHEN HE WAS HANDING OUT BILLIONS TO BANKSTER CRIMINALS! THIS GUY IS GEORGE W BUSH IN DRAG WANTING TO BE BITCH HILLARY! “I will not let up until businesses start hiring again,” he said, language that means new jobs will come only from private capitalists, not through the public sector. The list of those Obama is inviting to the White House forum was revealing: “CEOs and small business owners, economists and financial experts, as well as representatives from labor unions and nonprofit groups.” Not a single worker or unemployed person will be involved. * YOU THOUGHT THE MEXICAN INVASION, OCCUPATION AND EVER EXPANDING WELFARE STATE DID NOT COST YOU ANYTHING… AS YOUR JOBS GOES TO AN ILLEGAL AND THE BANKSTERS STEAL YOUR HOME?!? WALL STREET’S RAPE AND PILLAGE OF A NATION… and it ain’t over! * http://mexicanoccupation.blogspot.com/2011/07/more-than-5-million-households-had.html * WAR ON THE AMERICAN WORKERS.. AND MEXICO IS WINNING THAT WAR! http://mexicanoccupation.blogspot.com/2011/07/frosty-wooldridge-immigration-is.html * WASHINGTON, OBAMA’S LA RAZA INFESTED ADMINISTRATION, THE ACLU FIGHTING FOR ILLEGALS, AND THE U.S. CHAMBER of COMMERCE HAVE JOINED WITH MEXICO A IN A WAR AGAINST THE AMERICAN WORKER! * http://mexicanoccupation.blogspot.com/2011/05/joe-american-legal-vs-la-raza-jose.html * More than 5 million households had their wealth wiped out since 2005 By Andre Damon 28 July 2011 The typical US household lost 28 percent of its wealth during the economic crisis, with one third of these being totally wiped out, according to a recent analysis of Census Bureau data carried out by the Pew Research Center, “Wealth Gaps Rise to Record Highs Between Whites, Blacks and Hispanics”. While the study headlines racial disparities, the most striking findings concern the general impoverishment of all sections of the population. The percent of US households who have a net worth of zero dollars or below—meaning they have more debts than assets—grew from 15 percent in 2005, to 20 percent in 2009. This means that 5.6 million households, or about 15 million people, had their wealth totally wiped out during the first part of the economic downturn. These figures come from an analysis of Census Bureau survey data for 2005 and 2009. The study found that, after adjusting for inflation, the median wealth of US households fell from $96,894 in 2005 to $70,000 in 2009, a drop of 28 percent. The majority of this is attributable to the precipitous fall in real estate values, by about 30 percent between 2006 and 2009 and even more since.