Saturday, August 20, 2011
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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.
Posted by The Mexican Invasion & Occupation at 2:50 AM
http://mexicanoccupation.blogspot.com/2011/07/why-rich-and-illegals-vow-to-reelect.html * OBAMA, THE BIGGEST CON JOB IN AMERICAN HISTORY? http://mexicanoccupation.blogspot.com/2011/08/obama-why-his-rich-donors-and-criminal.html * Those of us who were bewitched by his eloquence on the campaign trail chose to ignore some disquieting aspects of his biography: that he had accomplished very little before he ran for president, having never run a business or a state; that he had a singularly unremarkable career as a law professor, publishing nothing in 12 years at the University of Chicago other than an autobiography; and that, before joining the United States Senate, he had voted "present" (instead of "yea" or "nay") 130 times, sometimes dodging difficult issues. http://mexicanoccupation.blogspot.com/2011/08/barack-obama-one-of-greatest-tragedies.html * THE RICH LOVE HIM! ILLEGALS ADORE HIM! HE’S MEXICO’S ANSWER TO WELFARE. “FREE” GRINGO-PAID HEALTHCARE AND ANCHOR BABY BREEDING… EVEN THE MEXICAN DRUG CARTELS APPRECIATE THE WAY OBAMA HAS NEUTERED BORDER SECURITY AND HELPED THEM EASE DRUG CARTELS INTO OUR NATION. OBAMA! THE BIGGEST PUNKSTER IN AMERICAN HISTORY! HE WALKS ABOUT LIKE A SOVEREIGN PRETENDING TO BE ABOVE IT ALL AS HE SERVICES HIS CRIMINAL BANKSTER DONORS AND TURNS THE WHITE HOUSE INTO HEADQUARTERS FOR THE LA RAZA SUPREMACIST PARTY. REALITY OF AMERICAN UNDER OBAMA’S ASSAULT ON THE AMERICAN WORKER: http://mexicanoccupation.blogspot.com/2011/05/joe-american-legal-vs-la-raza-jose.html * Proving that President Obama is the first choice of Wall Street and the American super-rich, his reelection campaign announced Wednesday that it had broken all previous records for fundraising, raking in $86 million during the second quarter of this year. Obama campaign raises record sums from the wealthy By Patrick Martin 15 July 2011 Proving that President Obama is the first choice of Wall Street and the American super-rich, his reelection campaign announced Wednesday that it had broken all previous records for fundraising, raking in $86 million during the second quarter of this year. The $86 million total dwarfed the previous record for presidential reelection fundraising, the $50 million raised by George W. Bush in the third quarter of 2003. It was far above the $60 million target set by Obama’s campaign manager, Jim Messina. Obama for America, the official name of the reelection effort, raised $47 million, while the Democratic National Committee collected $38 million, largely from fundraising events featuring the president, where big donors are allowed to give up to $30,800 apiece. Individual donations to Obama for America are limited under federal election laws to a maximum of $5,000. By comparison, the leading Republican fundraiser, former Massachusetts governor and investment banker Mitt Romney, raised $18.25 million in the April-June quarter. The total raised by all the Republican presidential hopefuls who have filed reports with the Federal Election Commission came to only $36 million, less than half Obama’s haul. The Obama reelection campaign will be the most lavishly funded in American history. It is expected to dwarf the $745 million Obama raised in 2008, and could top the $1 billion mark. Only two decades ago, $20 million was sufficient to finance a full-scale presidential campaign. According to press accounts, the Obama campaign has already opened 60 offices in various states around the country, nearly a year and a half before Election Day, and hired hundreds of full-time operatives. The vast fund-raising comes in two relatively distinct components: over half a million small donors, reflecting lingering illusions in Obama in sections of the population; and large donors, from the wealthy and the most affluent sections of the upper-middle class. A total of 552,462 individuals gave money during the second quarter, including 260,000 who made no donations during the 2008 campaign. Of these, 98 percent were of $250 or less, with an average contribution of $69. Based on that average, the small donations accounted for less than half the total raised, about $37 million. The remainder, about $49 million, came in large-dollar contributions, including thousands who gave the maximum of $35,800—$30,800 to the DNC and $5,000 to Obama for America. The Washington Post noted, “Much of the tens of millions Obama raised through the Democratic National Committee came from big fundraising events that the president attended throughout the spring. Donors to the DNC can give up to $30,800, and many of those who made the maximum contribution got to attend intimate, invitation-only dinners at which the president took their questions behind closed doors.” Moreover, the total number of small donors was deliberately inflated by a promotion run by the campaign in which anyone who gave as little as $5 was entered into a lottery for a dinner with Obama and Vice President Biden. The Obama campaign, clearly concerned about releasing information that would demonstrate corporate America’s enthusiasm for the president’s reelection, declined to say how much Obama for America raised from large donors. These numbers will be buried in the 15,000-page report the campaign files Friday with the FEC. The report to the FEC will also detail the amount raised by “bundlers,” those who solicit donations from a group of individuals and reach a total set by the campaign, of $350,000 or more, as well as a group called Gen44, consisting of individuals younger than 40 who raise $100,000 or more. While the 2008 Obama campaign was regularly described as fueled by small donors, the actual figures demonstrate the opposite: Obama did indeed raise $180 million from that source, but that came to less than one-quarter of his overall fundraising. Nearly half of his total—and the bulk of the early money, critical to sustaining his campaign against the initial frontrunner, Hillary Clinton—came from big donors. Some details of the wooing of big-ticket donors were reported in the Washington press. The Post reported June 29, “Campaign officials are working to broaden Obama’s network of ‘bundlers,’ the well-connected rainmakers tasked with soliciting big checks from wealthy donors, while seeking to preserve the aura of a grass-roots movement by luring back the kind of small Internet donations that helped shatter fundraising records four years ago. Obama has attended 28 fundraisers from coast to coast—a pace that could continue, or even accelerate, over the next several months.” The Post noted that White House Chief of Staff William Daley, former vice chairman of JP Morgan Chase “has huddled in recent weeks over breakfasts and dinners with business leaders and Wall Street financiers in Chicago, New York and Washington,” while campaign manager Messina “made his pitch during at least two meetings in Manhattan with Wall Street executives.” Politico described one Wall Street fundraising dinner held at Daniel, a top-drawer restaurant on Manhattan’s Upper East Side: “The tables were filled with moneymen like Marc Lasry, the billionaire founder of the hedge fund Avenue Capital; Robert Wolf, the chief executive of UBS Group Americas; and Mark T. Gallogly, a co-founder of Centerbridge Partners.” While noting the absence of Jamie Dimon of JP Morgan Chase and Lloyd Blankfein of Goldman Sachs, this was said to be by mutual agreement—an effort to avoid photographs of the president shaking hands with the CEOs of the largest recipients of federal bailouts. “While Wall Street executives still complain about the president’s name-calling and pressure for a regulatory overhaul,” Politico observed cynically, “many say privately that his bark has been worse than his bite.” The event raised $2.3 million in a single evening, far more than the projected $1.5 million. Politico concluded that “Obama’s campaign set a goal of getting 400 individuals to each help raise $350,000 by year’s end. That may sound like a tall order—especially with much of Wall Street on the sidelines—but early indications suggest the effort is on track, according to people involved in the campaign.” * Mr. Cool turns cold By Richard Cohen, Published: August 8 In her autobiography, Helen Gahagan Douglas recalled telling President Franklin D. Roosevelt about her visits to the camps of migrant workers. She was especially poignant about the children and their lack of Christmas toys when the president tried to stop her. “Don’t tell me any more, Helen,” FDR told the woman who is probably best known for losing a dirty Senate race to Richard Nixon. She was stunned. Roosevelt was crying. Can anyone imagine Barack Obama doing anything similar? The answer — at least my answer — is no. And this is quite amazing when you think about it. FDR was a Hudson River squire — down to his cigarette holder and cape. Nonetheless, he could connect to the less fortunate. Obama, in contrast, was raised in the great American muddle, not rich and not poor. Yet when the stock market fell more than 500 points last week and the image that night was of the president whooping it up at his birthday party, the juxtaposition — just bad timing, of course — seemed appropriate. He does not seem to care. This quality of Obama’s, this inability to communicate what many of us think he must be feeling, has lately cost many trees their dear lives — reams of essays and op-ed pieces. One of the more interesting ones, by Drew Westen, a psychology professor at Emory University, ran in Sunday’s New York Times. It cited Obama’s frequent inability or unwillingness to explain himself or to appear empathetic. All this is true. But Westen’s most salient point was contained in the title: “What Happened to Obama?” The answer: Nothing. Obama has always been the man he is today. He is the very personification of cognitive dissonance — the gap between what we (especially liberals) expected of the first serious African American presidential candidate and the man he in fact is. He has next to none of the rhetorical qualities of the old-time black politicians. He would eschew the cliche, but he feels little of their pain. In this sense, he has been patronized by liberals who looked at a man and saw black and has been reviled by those who looked at a black man and saw “other.” Westen faults Obama for his lack of storytelling abilities. But this is because Obama is himself the story. Consider for a moment that Obama’s account of how he had to fight to get medical coverage for his dying mother is not exactly true. The White House’s response to this revelation was grudging silence. It did not dispute the story and it soon died. This was because the Obama story is not what he says but who he is. That remains unchanged, and so the very people who would pummel a Republican for such a mischaracterization were silent about Obama’s. Obama did not deign to reply. He does not have to. Obama’s communications handicap, his loathing for the pornography of politics, could cost him a second term. In the current New York Review of Books, Andrew Hacker cites the findings of the University of Virginia’s Larry Sabato to point out that “an usually high proportion” of Obama’s 2008 majority came from new voters, “notably students and minorities.” If a large number of these Obama voters are no longer elated by the historic novelty of the candidate and/or are disappointed by his performance, turnout will be depressed and Obama will be in peril. The passion of his haters is fearsome; his admirers cannot be tepid. Only the GOP can save Obama. His political shortcomings cannot be fixed because he is who he is. He can rely on running against a party that has the soul of an actuarial table and will cut programs that the poor and the middle class adore. Whoever that Republican candidate may be, he or she will be stuck in the amber of the early primaries and caucuses where extremism runs rampant and moderates go to die. Neither Jon Huntsman nor Mitt Romney has so far shown the political dexterity to squiggle out of the box that is the Iowa or South Carolina contests. Obama is the very soul of common sense. As he talks, I nod my head in agreement. Mostly, I think, he has done the right thing. But I doubt anyone will ever recount how he cried in the Oval Office any more than I can recall a soaring passage from a speech. This president got elected because he was cool. He could be defeated because he is cold. * http://mexicanoccupation.blogspot.com/2011/06/rich-love-way-obama-gives-jobs-of.html * http://mexicanoccupation.blogspot.com/2011/06/obamanomics-why-super-rich-love-obama.html * http://mexicanoccupation.blogspot.com/2011/07/obamanomics-rich-get-richer-and.html * WASHINGTON — This is one anniversary few feel like celebrating. Two years after economists say the Great Recession ended, the recovery has been the weakest and most lopsided of any since the 1930s. After previous recessions, people in all income groups tended to benefit. This time, ordinary Americans are struggling with job insecurity, too much debt and pay raises that haven't kept up with prices at the grocery store and gas station. The economy's meager gains are going mostly to the wealthiest. * CHECK OUT OBAMA’S LA RAZA INFESTED ADMINISTRATION: http://mexicanoccupation.blogspot.com/2011/06/obama-operates-la-raza-supremacy-out-of.html * http://mexicanoccupation.blogspot.com/2011/06/obama-mexican-supremacist-party-of-la.html * http://mexicanoccupation.blogspot.com/2011/04/history-of-mexican-fascist-party-of-la.html * http://mexicanoccupation.blogspot.com/2011/05/wikileaks-exposed-obamas-la-raza-open.html * “What's needed to discourage illegal immigration into the United States has been known for years: Enforce existing law.” ….. CHRISTIAN SCIENCE MONITOR * For years, statistics have depicted growing income disparity in the United States, and it has reached levels not seen since the Great Depression. In 2008, the last year for which data are available, for example, the top 0.1 percent of earners took in more than 10 percent of the personal income in the United States, including capital gains, and the top 1 percent took in more than 20 percent. But economists had little idea who these people were. How many were Wall street financiers? Sports stars? Entrepreneurs? Economists could only speculate, and debates over what is fair stalled. Now a mounting body of economic research indicates that the rise in pay for company executives is a critical feature in the widening income gap. * Yet Obama plods along, raising gobs of cash for his reelection bid — he was scheduled to speak at two DNC fundraisers Monday night — and varying little the words he reads from the teleprompter. He seemed detached even from those words Monday as he pivoted his head from side to side, proclaiming that “our problems is not confidence in our credit” and turning his bipartisan fiscal commission into a “biparticle.” * The most powerful man on Earth? By Dana Milbank, Published: August 8 A familiar air of indecision preceded President Obama’s pep talk to the nation. The first draft of his schedule for Monday contained no plans to comment on the downgrading of the U.S. credit rating by Standard & Poor’s. Then the White House announced that he would speak at 1 p.m. A second update changed that to 1:30. At 1:52, Obama walked into the State Dining Room to read his statement. Judging from the market reaction, he should have stuck with his original instinct. “No matter what some agency may say, we’ve always been and always will be a AAA country,” Obama said, as if comforting a child who had been teased by the class bully. When he began his speech (and as cable news channels displayed for viewers), the Dow Jones industrials stood at 11,035. As he talked, the average fell below 11,000 for the first time in nine months, en route to a 635-point drop for the day, the worst since the 2008 crash. It’s not exactly fair to blame Obama for the rout: Almost certainly, the markets ignored him. And that’s the problem: The most powerful man in the world seems strangely powerless, and irresolute, as larger forces bring down the country and his presidency. The economy crawls, the credit rating falls, the markets plunge, and a helicopter packed with U.S. special forces goes down in Afghanistan. Two thirds of Americans say the country is on the wrong track (and that was before the market swooned), Obama’s approval rating is 43 percent, and activists on his own side are calling him weak. Yet Obama plods along, raising gobs of cash for his reelection bid — he was scheduled to speak at two DNC fundraisers Monday night — and varying little the words he reads from the teleprompter. He seemed detached even from those words Monday as he pivoted his head from side to side, proclaiming that “our problems is not confidence in our credit” and turning his bipartisan fiscal commission into a “biparticle.” He reminded all that the situation isn’t his fault (the need for deficit reduction “was true the day I took office”), he blamed the other side (“we knew . . . a debate where the threat of default was used as a bargaining chip could do enormous damage to our economy”) and he revisited the same proposals he had previously offered to little effect: extending unemployment benefits and the payroll tax cut, and spending more on infrastructure projects. This, he said, is “something we can do as soon as Congress gets back,” along with further deficit reduction. “I intend to present my own recommendations over the coming weeks,” he said. Over the coming weeks? As soon as Congress gets back? In the White House briefing room after Obama’s statement, the press corps grilled Jay Carney about the lack of fire in the belly. “The president said our problems are imminently solvable, and he talked about a renewed sense of urgency,” CBS’s Norah O’Donnell pointed out. “Why not call Congress back to work?” Carney chuckled at this suggestion. “I mean, the Dow dropped below 11,000 — where’s the sense of urgency?” O’Donnell persisted. The press secretary uttered something about the founders and the separation of powers. NBC’s Chuck Todd was not swayed. “Why not bring Congress back now?” he repeated, pointing out that “the American public seems to be in a little bit of a panic” while Washington says, “We’re going to stand back and wait until school starts.” “I think we’re getting a drumbeat here,” Carney said. “The press corps is leading here — always appreciated.” At least somebody is. Various reporters tried to elicit more information about Obama’s economic plans and deficit-reduction proposals, but Carney declined again to take the lead. “I don’t want to get too far ahead of the process,” he explained to the Wall Street Journal’s Laura Meckler, adding that Obama “will be contributing to that process, not driving it or directing it.” “Why?” inquired Politico’s Glenn Thrush. “He’s the leader of the free world. Why isn’t he leading this process?” That is the enduring mystery of Obama’s presidency. He delivered his statement on the economy beneath a portrait of Abraham Lincoln, but that was as close as he came to forceful leadership. He looked grim and swallowed hard and frequently as he mixed fatalism (“markets will rise and fall”) with vague, patriotic exhortations (“this is the United States of America”). “There will always be economic factors that we can’t control,” Obama said. Maybe. But it would be nice if the president gave it a try. MEXICANOCCUPATION.blogspot.com http://mexicanoccupation.blogspot.com/2011/06/how-obama-duped-nation-but-his-bankster.html * “All of these writers proceed from a fact of American life that is becoming impossible to deny: the sharp divergence in the fortunes of the banks and investors, on the one hand, and the broad mass of the population, on the other. The Wall Street giants, the very firms that precipitated the financial crisis, are doing better than ever. They are planning record bonuses while unemployment continues to soar and wages are declining at a rate not seen in decades.” * http://mexicanoccupation.blogspot.com/2011/06/obamanomics-obamas-promise-to-wall-st.html * THE ENTIRE REASON OUR BORDERS ARE LEFT OPEN IS TO KEEP WAGES DEPRESSED WITH MILLIONS OF ILLEGALS FLOODING OVER OUR BORDER! ERGO, OBAMA HAS SABOTAGED OUR HOMELAND SECURITY, SABOTAGED E-VERIFY AND WORKED FOR ENDLESS AMNESTY PLOYS LIKE “DREAM ACT”, AND CONTINUED NON-ENFORCEMENT. * There is emphatic opposition to any such measure within the corporate-financial elite and, as Monday’s public relations event demonstrated, Obama rejects any government job-creation program or any other measure that might cut into corporate profits. * Obama promotes corporate profits in the name of job creation By Barry Grey 14 June 2011 In the face of rising unemployment, a disastrous jobs report for May and a contraction in economic growth in the US and internationally, President Barack Obama made it clear at a meeting Monday with his Jobs and Competitiveness Council that no government measures will be taken to create jobs or provide serious relief for the unemployed. The meeting was held at the manufacturing headquarters of Cree, Inc., a producer of LED lighting equipment in Durham, North Carolina. After the meeting, Obama gave a speech to Cree employees in which he touted the proposals of the corporate-dominated Jobs Council, which he set up last February as part of White House efforts to shore up business support for his administration following the Democratic debacle in the November 2010 congressional elections. The photo-op was designed at one level to fool the public into believing that the administration is seriously working to create jobs and put an end to mass unemployment. But the main focus of Obama and other White House officials was to reassure the corporate and financial elite that there will be no retreat from policies of austerity, wage-cutting and deregulation despite the worsening economic and social crisis. In remarks to the Jobs Council prior to his speech to the Cree workers, Obama was shameless in his fawning before the corporate CEOs whom he had selected for the purported purpose of spearheading the drive for jobs. Obama declared: “So we’ve got a combination of factors, as Jeff [Council Chairman Jeffrey Immelt, CEO of General Electric] said, that come into how do we create jobs. I cannot think of a better group of people to help us tackle it than those who are sitting around the table.” That group included the CEOs of GE, Intel, Xerox, UBS, American Express, Southwest Airlines, DuPont, Eastman Kodak, Comcast, Facebook, and the banking giants Citigroup and UBS. It also included Obama’s longtime financial backer Penny Pritzker, a multi-millionaire Chicago real estate mogul, and Joseph T. Hansen, president of the United Food and Commercial Workers Union. Richard Trumka, president of the AFL-CIO, who is also on the council, did not attend the event. Obama repeated the complacent mantras of White House spokesmen about 2 million new jobs having been created over the past 15 months (compared to 7 million jobs lost since the current recession began) and dismissed the rise in unemployment to 9.1 percent (9.7 percent in North Carolina) and the virtual collapse in payroll gains as “headwinds.” He made a point of reiterating his support for massive cuts in social spending, boasting that Washington was “getting its act together and making sure that we’ve got a credible plan for not simply raising the debt limit but also medium- and long-range deficit reduction.” Noting that at the first meeting of the council in March the assembled CEOs and bankers had demanded a reduction of regulations on business, Obama said, “I took this very much to heart.” He continued: “So what we’ve done is to initiate a full-scale review not just of pending regulations, but actually looking back for the first time at all existing regulations.” Obama went on to brag that the White House had already singled out scores of regulations for elimination by executive order. One can only surmise that the corporate bosses and bankers in the room were rubbing their hands in anticipation of the increased profits that will result from the gutting of rules designed to protect worker health and safety, safeguard and the environment, and limit consumer fraud. Obama made sure, before completing his remarks, to repeat the obligatory obeisance to capitalism, declaring: “As Jeff said, ultimately job growth is going to be driven by the private sector.” The role of government, Obama reiterated, is to enact policies that facilitate profit-making. “But we can make some smart decisions,” he said, “to encourage businesses to feel like this is the right time to invest and that America is the right place to invest.” In his remarks to the employees, Obama sought to play up token job creation proposals from the Jobs Council that are so paltry as to be insulting. “And today, with the Jobs Council,” he said, “we’re announcing an all-hands-on-deck strategy to train 10,000 new American engineers every year.” This is said in a country with, according to official figures, nearly 14 million unemployed, including 6 million out of work for six months or more! The president went on to tout a proposal to bring together community colleges and companies to train people for high-skill jobs. Meanwhile, the White House is presiding over an unprecedented assault on public education and vicious attacks on teachers across the country. Obama also announced an utterly vague Better Buildings Initiative that will supposedly put construction workers back to work upgrading buildings for energy efficiency. In a Wall Street Journal column published Monday, Jobs Council Chairman Immelt and American Express CEO Kenneth Chenault, another council member, listed deregulation and four other proposals which they said could generate 1 million jobs over two years. Even were this figure accurate, it would barely make a dent in an economy that needs to create 11 million jobs to make up for those lost combined with the normal growth in the labor force. Entirely absent from Obama’s remarks was any acknowledgment of the social crisis and worsening human suffering in America. Words such as “poverty,” “foreclosure,” “homelessness” and “hunger” were not uttered. White House officials who accompanied Obama were, if anything, even more transparent in their indifference toward the American people and servility toward big business. White House adviser and Chicago real estate multi-millionaire Valerie Jarrett said in a briefing with reporters: “We have had 15 straight months of private sector job creation and seven straight quarters of growth. We are moving in the right direction… There is broad agreement that the recovery will be driven by the private sector.” Austan Goolsbee, chairman of the White House Council of Economic Advisers, said in an interview on Bloomberg TV, “We want to be for any policies that are going to help incentivize and stand up the private sector to drive the recovery.” Nothing was said about the fact that the corporate elite represented by the members of the council is raking in record profits and awarding itself ever-higher compensation, while sitting on a cash hoard of $2.6 trillion and refusing to spend it on hiring workers. The reality is that corporate America, with the support of the government, is using mass unemployment as a bludgeon to drive down wages, destroy working conditions and force workers to accept poverty wages and sweatshop conditions. The same process is unfolding internationally, as the bourgeoisie utilizes the crisis of its own making to destroy social gains won by the working class over more than a century of struggle. Council Chairman Immelt’s company, GE, is a case in point. It made a profit of $14.1 billion in 2010, and yet it paid no federal taxes. On the contrary, the government paid it $3.2 billion in tax credits. Immelt himself saw his compensation double to $15 million. Meanwhile, GE earlier this year sought to impose a 25 percent pay cut on new-hires at its River Works plant in Lynn, Massachusetts as the price for keeping a section of the complex open. When the workers balked, GE finalized the facility’s closure. The complete subordination of the Obama administration to Wall Street was further documented in an article published Monday by the New York Times on the feverish efforts of the White House to make amends with bankers and financiers alienated by the very minor restrictions contained in the financial regulatory bill passed last year. The campaign is being led by his chief of staff, William Daley, the former JPMorgan Chase executive Obama appointed last year to replace the outgoing Rahm Emanuel. The article reported that Obama hosted a White House dinner last March for two dozen Wall Street executives, which was followed in April by back-to-back meetings of his 2012 reelection campaign manager with Wall Street donors in New York. This month Obama will travel to New York to host a dinner with bankers, hedge fund executives and private equity investors at the exclusive Upper East Side Manhattan restaurant Daniel. There is a minority within the Democratic Party establishment that is concerned over the political and social implications of the jobs crisis and the Obama administration’s openly right-wing, pro-corporate response. In the short term, they fear Obama will lose the 2012 election. More fundamentally, they fear the growth of social opposition. One of these, Robert Reich, the former labor secretary under Bill Clinton, pleaded with Obama on the Sunday news interview program, “This Week with Christiane Amanpour,” to propose a jobs program. He suggested something akin to Roosevelt’s Depression-era Works Projects Administration and Civilian Conservation Corps for the 6 million people unemployed for six months or more. There is emphatic opposition to any such measure within the corporate-financial elite and, as Monday’s public relations event demonstrated, Obama rejects any government job-creation program or any other measure that might cut into corporate profits. The presence on the reactionary Jobs and Competitiveness Council of union leaders Trumka and Hansen underscores the corporatist and anti-working class character of the official trade union organizations. They support the destruction of the living standards of the working class, seeking only to secure the position and privileges of the union executives as accomplices in the attacks on working people. As in Europe and Asia, where governments are pursuing ruthless austerity policies to impoverish the workers, working people in the US can defend the social right to a job and a living wage only on the basis of a revolutionary political struggle against the capitalist system and all of its political representatives. * http://mexicanoccupation.blogspot.com/2011/06/how-obama-duped-nation-but-his-bankster.html * “All of these writers proceed from a fact of American life that is becoming impossible to deny: the sharp divergence in the fortunes of the banks and investors, on the one hand, and the broad mass of the population, on the other. The Wall Street giants, the very firms that precipitated the financial crisis, are doing better than ever. They are planning record bonuses while unemployment continues to soar and wages are declining at a rate not seen in decades.” * “Herbert (“Safety Nets for the Rich,” October 20), adopts a populist tone, complaining, “Even as tens of millions of working Americans are struggling to hang onto their jobs and keep a roof over their families’ heads, the wise guys on Wall Street are licking their fat-cat chops over yet another round of obscene multibillion-dollar bonuses—this time thanks to the bailout billions that were sent their way by Uncle Sam, with very little in the way of strings attached.” * Underlying both columns is the concern that the Obama administration’s promises of “hope” and “change” are increasingly perceived by those who voted for Obama as hollow phrases. Rich complains that Treasury Secretary Timothy Geithner is “tone deaf” and that “an air of entitlement” wafts from the administration. People are beginning to feel that they have been duped into lending their support to a government that is unreservedly serving the interests of the banks. To the layer of the liberal establishment represented by Obama’s journalistic would-be advisers, the eruption of opposition to the Obama administration would be an unmitigated disaster. * http://mexicanoccupation.blogspot.com/2011/06/us-chamber-of-commerce-mexico-and-obama.html * http://mexicanoccupation.blogspot.com/2011/05/obamas-hispanicazation-of-america-push.html * http://mexicanoccupation.blogspot.com/2011/05/how-mceconomy-bombed-american-worker-by.html * http://mexicanoccupation.blogspot.com/2011/05/american-worker-end-of-very-long-of.html * 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 * 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.
Posted by The Mexican Invasion & Occupation at 2:10 AM
CRIMINAL BANKSTER & FORECLOSURE PROFITEER, BANK of AMERICA, A MAJOR LA RAZA DONOR WITH A POLICY OF NOT HIRING AMERICAN BORN EMPLOYEES, GOES UNDER! B of A, and WELLS FARGO are both major donors to the MEXICAN FASCIST PARTY of LA RAZA. SEN. DIANNE FEINSTEIN, WAR PROFITEER, AND MAJOR DONOR TO BARACK OBAMA, IS A SERVANT TO BANK of AMERICA and WELLS FARGO. THIS SQUALID POLITICIAN HAS TAKEN BUNDLES OF MONEY FROM HER BANKSTER PAYMASTERS, AND HAS VOTED FOR EACH AND EVERY NO-STRINGS BAILOUTS OBAMA COULD GENERATE FOR HIS BANKSTERS. YOU WILL NEVER HEAR ANYTHING ABOUT THE FORECLOSURES CRISIS OR UNEMPLOYMENT COME OUT OF FEINSTEIN’S FAT MOUTH EXCEPT AMNESTY! AMNESTY! AMNESTY! GIVE US AMNESTY AND OPEN BORDERS TO KEEP WAGES DEPRESSED! FEINSTEIN HAS LONG HIRED ILLEGALS AT HER S.F HOTEL ONLY MILES FROM HER $16 MILLION DOLLAR S.F. WAR PROFITS MANSION ( HER COLLEAGUE, LA RAZA NANCY PELOSI HIRES ILLEGALS AT HER NAPA WINERY)! “These developments are indicative of a new stage of the world economic crisis and a heightened assault on the jobs and living standards of the working class in the US and internationally.” * FEINSTEIN’S PAYMASTERS: “This is under conditions where the nearly three years since the Wall Street crash of September 2008 have been used to plunder public treasuries in order to cover the bad debts of the bankers and speculators, while savage austerity measures have been imposed to make the working class pay for the resulting bankruptcy of the state.” * OBAMAnomics: “On the contrary, the policy of bailing out the banks and flooding financial markets with virtually free money, combined with a ferocious attack on the wages and living standards of the working class, has exacerbated the crisis and prepared the way for an even greater collapse.” * “I’M NOT HERE TO PUNISH BANKS!” Barack Obama, Floor of the Senate in the faces of the American people, just after he LIED that OBAMAcare did NOT include illegals! “The second is the rise to unchallenged dominance of a parasitic financial oligarchy which opposes any reform measures that might impinge on its wealth and power, and which exercises veto power over government policy.” * ON AUGUST 18, 2011, BARACK OBAMA ANNOUNCED AN AMNESTY FOR 300,000 ILLEGALS TO EXPAND HIS LA RAZA PARTY BASE OF ILLEGAL VOTERS. SINCE HE HAS BECOME PRESIDENT HUNDREDS OF THOUSANDS OF MEXICO’S EXPORTED POOR, CRIMINALS AND PREGNANT HAVE CROSS OUR WIDE OPEN BORDERS TO LOOT THIS NATION. VIVA LA RAZA? OBAMA HAS THE MOST LA RAZA INFESTED ADMINISTRATION IN HISTORY! “They are living paycheck to paycheck,” he said. “How long can the nation go forward with such a high unemployment rate?” Bank of America prepares to slash 10,000 jobs By Barry Grey 20 August 2011 Amidst plunging stock markets, fears of a new banking crisis, and near-zero economic growth in the US, Europe and Japan, Bank of America, the biggest US bank by assets, has announced 3,500 job cuts this quarter and is reportedly preparing to lay off over 10,000 workers in the coming months. Bank of America CEO Brian Moynihan announced the 3,500 job cuts in an internal memo Thursday and said they were part of a sweeping restructuring and downsizing effort. The Wall Street Journal on Friday cited "one person familiar with the situation" as saying at least 10,000 jobs will likely be eliminated. The 3,500 layoffs, to be completed by September, come on top of 2,500 job cuts carried out year-to-date. A number of major US banks have slashed jobs in recent weeks and the scale of financial sector layoffs is expected to increase in the fall. The Bank of America layoffs follow the release by the US Postal Service of plans to eliminate 220,000 jobs and the report earlier this month by the outplacement consultancy firm Challenger, Gray & Christmas that announced job cuts in the US soared in July to a 16-month high. It also coincides with the announcement by the German utility giant Eon that it plans to slash 11,000 jobs. This week as well the British government announced a rise in its unemployment rate in the second quarter and noted that the number of people claiming jobless benefits had increased at the fastest monthly rate since May 2009, before the official end of the recession. These developments are indicative of a new stage of the world economic crisis and a heightened assault on the jobs and living standards of the working class in the US and internationally. The much vaunted “recovery” has collapsed and the world is once again plunging into full-scale slump. All claims that the crisis was a temporary aberration have been shattered, exposing the reality of a fundamental and historic breakdown of the world capitalist system. This is under conditions where the nearly three years since the Wall Street crash of September 2008 have been used to plunder public treasuries in order to cover the bad debts of the bankers and speculators, while savage austerity measures have been imposed to make the working class pay for the resulting bankruptcy of the state. It is now undeniable that these measures have done nothing to resolve the underlying problems or produce a genuine economic recovery. On the contrary, the policy of bailing out the banks and flooding financial markets with virtually free money, combined with a ferocious attack on the wages and living standards of the working class, has exacerbated the crisis and prepared the way for an even greater collapse. It has fatally compromised the credibility of the US dollar, symbolized by the first-ever downgrade of America’s credit rating earlier this month, leaving the world without a stable monetary system. It has led to the sovereign debt crisis in Europe that is undermining the euro as the common currency and setting the stage for a return to the national conflicts and trade and currency wars that produced two world wars in the last century. And it has impoverished growing numbers of workers, slashing consumption and undermining any real prospect for economic growth. Behind these class-war policies are two interlinked factors. The first is the historic crisis of the capitalist system, centered in the decay of American capitalism and decline in the world economic position of the United States. The second is the rise to unchallenged dominance of a parasitic financial oligarchy which opposes any reform measures that might impinge on its wealth and power, and which exercises veto power over government policy. Capitalist governments are incapable of offering any policies to address the jobs crisis, provide social relief, or halt the slide into full-scale depression. In the US, the Obama administration rejects any government programs to hire the unemployed and instead presses for trillions of dollars of cuts in basic social programs upon which tens of millions of people rely. Meanwhile, the signs of the growing social catastrophe proliferate. This week has seen events announced as “job fairs” in Detroit and Atlanta that attracted thousands of workers desperate for employment. The mass turnouts have provided a glimpse of the scale of social distress. (WELFARE FOR ILLEGALS IN LOS ANGELES COUNTY ALONE NOW EXCEEDS $600 MILLION PER YEAR!) This week as well the Annie E. Casey Foundation, a child advocacy group, released a report showing that child poverty in the US rose to 20 percent in 2009 from 17 percent in 2000, with child poverty growing in 38 of the 50 US states. New data was released Friday documenting the worsening jobs crisis. The Labor Department reported that the unemployment rate rose in July in more than half of the 50 states for a second straight month. Joblessness rose in 28 states, fell in only nine and remained unchanged in 13. And the low-price retail giant Walmart warned Tuesday that mass unemployment was devastating its customer base. Reporting its ninth consecutive quarter of falling sales at its US stores, the company’s US head, Bill Simon, said, “We remain concerned about the economic pressure on our customers and the uncertain impact it can have on their shopping behavior.” Charles Holley, the chief financial officer, said a growing number of Walmart shoppers are using food stamps and unemployment insurance checks. “They are living paycheck to paycheck,” he said. “How long can the nation go forward with such a high unemployment rate?” The so-called job fairs in Detroit and Atlanta exposed the reactionary and cynical character of what passes for the left wing of the Democratic Party and its allies among the various pseudo-left organizations. These events were sponsored by the Congressional Black Caucus for the purpose of making a pretense of fighting for jobs, so as to contain the growing disillusionment and anger toward Obama, particularly among black workers, within the safe confines of the Democratic Party. In fact, no job interviews were conducted and no people were hired. The workers were told simply to submit their resumés and add their names to the outsized list of job-seekers with no prospect of decent employment. Neither the Congressional Black Caucus or any other section of the political establishment is proposing any serious measures to provide jobs or social relief for the victims of corporate job- and wage-cutting. The fight for jobs and the defense of the basic rights of the working class is a fight against the capitalist system and its political representatives. The Socialist Equality Party is fighting for the independent mobilization of workers and youth in the US against the Obama administration and both parties of big business, as part of an international struggle of the working class. There can be no economic recovery for the masses of people outside of the implementation of a socialist program, including the nationalization of the banks and major corporations and their transformation into public enterprises under the democratic control of the working people. Only on this basis can the vast resources and wealth of society be mobilized to meet social needs, not private profit. As an initial step, the SEP calls for a massive public works program to provide jobs at decent pay for the unemployed and rebuild the country’s crumbling infrastructure. The funds for this program should be obtained by imposing a 100 percent tax surcharge on all household incomes above $500,000 a year, raising the corporate tax rate, and seizing the ill-gotten wealth of the bankers and speculators whose semi-criminal activities triggered the crisis. The realization of these policies requires a political break with the Democrats and the fight for a workers’ government and socialism. * GET ON WSWS.org FREE NO, NO CORPORATE ADS IN YOUR FACE E-NEWS! * 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). http://mexicanoccupation.blogspot.com/2011/08/barack-obama-one-of-greatest-tragedies.html * "Bank of America is currently experiencing severe financial woes and we are offering to publicly drop our boycott efforts if the bank will publicly announce an end to their program designed to issue credit cards and mortgages to illegal immigrants." said William Gheen of ALIPAC. "We also want Bank of America to stop donating to the racist illegal alien supporting organization called the National Council of La Raza (NCLR) as well." * http://mexicanoccupation.blogspot.com/2011/08/bank-of-america-criminal-banksters-for.html Bank of America Boycott Offers BofA a Truce August 18, 2011 CONTACT: Americans for Legal Immigration PAC (ALIPAC) (866) 703-0864 / Press@alipac.us The organizers of a national boycott against Bank of America, that has been ongoing since February of 2007 in response to BofA's plan to offer credit cards and mortgages to illegal aliens, has offered to end the boycott if BofA will end the credit card program. Over 132,000 Americans have signed the boycott online petition found at http://www.bankofamericaboycott.com/ to "demand that all companies and corporations operating within the territory of the USA cease and desist any financial or political support for illegal aliens" Bank of America's stock is crashing after reports indicating the bank is losing billions of dollars. Bank of America's credit cards for illegal immigrants plan received national press coverage as did the launch of the Bank of America Boycott led by Americans for Legal Immigration PAC. American citizens flooded BofA headquarters in Charlotte, NC with complaint calls, large numbers closed their accounts with BofA, moved their mortgages to other companies, and mailed in cut up Bank of America debit and credit cards in protest. It is a violation of federal law to aid and abet illegal aliens inside the United States and numerous certified polls show that over 80% of Americans oppose benefits knowingly offered to illegal aliens. "Bank of America is currently experiencing severe financial woes and we are offering to publicly drop our boycott efforts if the bank will publicly announce an end to their program designed to issue credit cards and mortgages to illegal immigrants." said William Gheen of ALIPAC. "We also want Bank of America to stop donating to the racist illegal alien supporting organization called the National Council of La Raza (NCLR) as well." Each week, thousands of Americans see the website www.BankofAmericaBoycott.com and the associated information located there. The website also has a large list of banks that do or do not accept the Matricula Consular cards that the Mexican government sells to illegal aliens in America. Bank of America's name remains synonymous with illegal immigration due to the lasting discussion of this scandal. Talk radio shows and bloggers across America continue to mention BofA's issuance of credit and mortgages to illegal aliens, and the resultant backlash from Americans, in discussions of the bank's current financial crisis. "Unless Bank of America drops their efforts to finance illegal immigrants in America, we will continue and strengthen our boycott efforts." said William Gheen. "Furthermore, we are asking the over 132,000 people who have signed our online petition to contact the Congress demanding that no tax resources be used to bail out Bank of America as long as the bank continues to violate federal law by willfully aiding and abetting illegal immigrants on US soil." Americans for Legal Immigration PAC and other illegal immigration fighting groups in the NIIBC (National Illegal Immigration Boycott Coalition) hope that Bank of America will do the right thing by ending these morally repugnant practices and become a good corporate citizen in America by ending its support for illegal aliens and groups that support illegals like NCLR. * 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. * Obama's Wall Street cabinet 6 April 2009 A series of articles published over the weekend, based on financial disclosure reports released by the Obama administration last Friday concerning top White House officials, documents the extent to which the administration, in both its personnel and policies, is a political instrument of Wall Street. Policies that are extraordinarily favorable to the financial elite that were put in place over the past month by the Obama administration have fed a surge in share values on Wall Street. These include the scheme to use hundreds of billions of dollars in public funds to pay hedge funds to buy up the banks’ toxic assets at inflated prices, the Auto Task Force’s rejection of the recovery plans of Chrysler and General Motors and its demand for even more brutal layoffs, wage cuts and attacks on workers’ health benefits and pensions, and the decision by the Financial Accounting Standards Board (FASB) to weaken “mark-to-market” accounting rules and permit banks to inflate the value of their toxic assets. At the same time, Obama has campaigned against restrictions on bonuses paid to executives at insurance giant American International Group (AIG) and other bailed-out firms, and repeatedly assured Wall Street that he will slash social spending, including Medicare, Medicaid and Social Security. The new financial disclosures reveal that top Obama advisors directly involved in setting these policies have received millions from Wall Street firms, including those that have received huge taxpayer bailouts. The case of Lawrence Summers, director of the National Economic Council and Obama’s top economic adviser, highlights the politically incestuous character of relations between the Obama administration and the American financial elite. Last year, Summers pocketed $5 million as a managing director of D.E. Shaw, one of the biggest hedge funds in the world, and another $2.7 million for speeches delivered to Wall Street firms that have received government bailout money. This includes $45,000 from Citigroup and $67,500 each from JPMorgan Chase and the now-liquidated Lehman Brothers. For a speech to Goldman Sachs executives, Summers walked away with $135,000. This is substantially more than double the earnings for an entire year of high-seniority auto workers, who have been pilloried by the Obama administration and the media for their supposedly exorbitant and “unsustainable” wages. Alluding diplomatically to the flagrant conflict of interest revealed by these disclosures, the New York Times noted on Saturday: “Mr. Summers, the director of the National Economic Council, wields important influence over Mr. Obama’s policy decisions for the troubled financial industry, including firms from which he recently received payments.” Summers was a leading advocate of banking deregulation. As treasury secretary in the second Clinton administration, he oversaw the lifting of basic financial regulations dating from the 1930s. The Times article notes that among his current responsibilities is deciding “whether—and how—to tighten regulation of hedge funds.” Summers is not an exception. He is rather typical of the Wall Street insiders who comprise a cabinet and White House team that is filled with multi-millionaires, presided over by a president who parlayed his own political career into a multi-million-dollar fortune. Michael Froman, deputy national security adviser for international economic affairs, worked for Citigroup and received more than $7.4 million from the bank from January of 2008 until he entered the Obama administration this year. This included a $2.25 million year-end bonus handed him this past January, within weeks of his joining the Obama administration. Citigroup has thus far been the beneficiary of $45 billion in cash and over $300 billion in government guarantees of its bad debts. David Axelrod, the Obama campaign’s top strategist and now senior adviser to the president, was paid $1.55 million last year from two consulting firms he controls. He has agreed to buyouts that will garner him another $3 million over the next five years. His disclosure claims personal assets of between $7 and $10 million. Obama’s deputy national security adviser, Thomas E. Donilon, was paid $3.9 million by a Washington law firm whose major clients include Citigroup, Goldman Sachs and the private equity firm Apollo Management. Louis Caldera, director of the White House Military Office, made $227,155 last year from IndyMac Bancorp, the California bank that heavily promoted subprime mortgages. It collapsed last summer and was placed under federal receivership. The presence of multi-millionaire Wall Street insiders extends to second- and third-tier positions in the Obama administration as well. David Stevens, who has been tapped by Obama to head the Federal Housing Administration, is the president and chief operating officer of Long and Foster Cos., a real estate brokerage firm. From 1999 to 2005, Stevens served as a top executive for Freddie Mac, the federally-backed mortgage lending giant that was bailed out and seized by federal regulators in September. Neal Wolin, Obama’s selection for deputy counsel to the president for economic policy, is a top executive at the insurance giant Hartford Financial Services, where his salary was $4.5 million. Obama’s Auto Task Force has as its top advisers two investment bankers with a long resume in corporate downsizing and asset-stripping. It is not new for leading figures from finance to be named to high posts in a US administration. However, there has traditionally been an effort to demonstrate a degree of independence from Wall Street in the selection of cabinet officials and high-ranking presidential aides, often through the appointment of figures from academia or the public sector. In previous decades, moreover, representatives of the corporate elite were more likely to come from industry than from finance. In the Obama administration such considerations have largely been abandoned. This will not come as a surprise to those who critically followed Obama’s election campaign. While he postured before the electorate as a critic of the war in Iraq and a quasi-populist force for “change,” he was from the first heavily dependent on the financial and political backing of powerful financiers in Chicago. Banks, hedge funds and other financial firms lavishly backed his presidential bid, giving him considerably more than they gave to his Republican opponent, Senator John McCain. Alongside Wall Street, the Obama cabinet is dominated by the military, including three recently retired four-star military officers: former Marine General James Jones as national security adviser; Admiral Dennis Blair as director of national intelligence, and former Army Chief of Staff Erik Shinseki as secretary of veterans’ affairs. These are the deeply reactionary political and class interests that are represented by the Obama administration. Friday’s financial disclosures further expose the bankruptcy of American democracy. Elections have no real effect on government policy, which is determined by the interests of the financial aristocracy that dominates both political parties. The working class can fight for its own interests—for jobs, decent living standards, health care, education, housing and an end to war—only through a break with the two parties of American capitalism and the development of a mass, independent socialist movement. Tom Eley and Barry Grey * Obama’s Economic Advisers: International Socialists, Union Thugs, NBC Execs, Soros Scholars, Subprime Lenders, Amnesty Shills, and Campaign Cronies Posted on February 24, 2011 by Ben Johnson http://floydreports.com/obama%E2%80%99s-economic-advisers-international-socialists-union-thugs-nbc-execs-soros-scholars-subprime-lenders-amnesty-shills-and-campaign-cronies/ * Obama’s Economic Advisers: International Socialists, Union Thugs, NBC Execs, Soros Scholars, Subprime Lenders, Amnesty Shills, and Campaign Cronies * Go to http://www.MEXICANOCCUPATION.blogspot.com WHY OBAMA HIRED J.P. MORGAN’S WILLIAM DAILY…. OPEN BORDERS! OBAMA HAS INFESTED HIS ADMINISTRATION WITH LA RAZA PARTY MEMBERS TO PUSH FOR AMNESTY, “CHEAP” MEX LABOR IN OUR JOBS TO KEEP HIS CORPORATE PAYMASTERS HAPPY AND GENEROUS, AND HAS TURNED OUR NATION’S SECURITY INTO Dept. Homeland Security = PATHWAY TO CITIZENSHIP! ANYTHING TO KEEP THE HORDES OF ILLEGALS CLIMBING OUR BORDERS! WILLIAM DAILY IS CLOSELY IDENTIFIED WITH BIG OBAMA DONOR, BANKSTER CRIMINALS J.P. MORGAN! WHEN OBAMA GETS OUT OF BED, HE MARCHES FOR HIS BANKSTERS AND LA RAZA! FROM CREOLE FOLKS 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. Such a move, which is still under discussion, would bring a Washington veteran -- and someone with strong business ties -- into the administration as Obama sets out an agenda for the second half of his term while dealing with a Republican majority in the House of Representatives. * Obama Quietly Erasing Borders (Article) Article Link: http://www.wnd.com/index.php?fa=PAGE.view&pageId=240045 * 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. * 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. * WHAT DID THE BANKSTERS KNOW ABOUT OUR ACTOR OBAMA THAT WE DIDN’T KNOW? * 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). BARACK OBAMA HAS COLLECTED NEARLY TWICE AS MUCH MONEY AS JOHN McCAIN BY DAVID SALTONSTALL DAILY NEWS SENIOR CORRESPONDENT July 1st 2008 Wall Street firms have chipped in more than $9 million to Barack Obama. Zurga/Bloomberg Wall Street is investing heavily in Barack Obama. Although the Democratic presidential hopeful has vowed to raise capital gains and corporate taxes, financial industry bigs have contributed almost twice as much to Obama as to GOP rival John McCain, a Daily News analysis of campaign records shows.
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Bank of America prepares to slash 10,000 jobs GET ON WSWS.org FREE NO, NO CORPORATE ADS IN YOUR FACE E-NEWS! GET ON WSWS.org FREE NO, NO CORPORATE ADS IN YOUR FACE E-NEWS! GET ON WSWS.org FREE NO, NO CORPORATE ADS IN YOUR FACE E-NEWS!
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