Friday, September 23, 2011

In the US, 2 housing markets and 2 directions - San Jose Mercury News

In the US, 2 housing markets and 2 directions - San Jose Mercury News

THE RICH ARE GETTING RICHER AND THE REST OF US FORECLOSED ON... AND THEN OUR JOBS GO TO "CHEAP" LABOR ILLEGALS!

Officer charged in homeless man Kelly Thomas' death held in isolation

Officer charged in homeless man Kelly Thomas' death held in isolation

MEXICANS ARE THE MOST VIOLENT CULTURE IN THE HEMISPHERE!

Will Mexico & La Raza Endorse Rick Perry?

BECOME A BLOG FOLLOWER!
FROM THE BLOG, EMAIL ARTICLES TO EVERYONE ON THE LA RAZA OCCUPATION! YOUR JOB IS NEXT TO GO TO A “CHEAP” LABOR ILLEGAL YOU’RE SUBSIDIZING! ILLEGALS IN LOS ANGELES COUNTY ALONE COLLECT $600 MILLION PER YEAR IN WELFARE, AND THE TAX-FREE MEX UNDERGROUND ECONOMY IS CALCULATED TO BE OVER $2 BILLION IN THIS COUNTY ALONE. OH, AND 95% OF ALL MURDERS ARE BY MEXICANS!
MEXICANOCCUPATION.blogspot.com


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http://immigrationcounters.com/
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Friends of ALIPAC,

You have to see this new video from last night's debate. We have never seen a crowd response like the one here where Rick Perry is booed again.

Please take the following quick important steps today.

Step 1: Click this link, watch this video, and consider making a comment and sharing it with others.

VIDEO
Rick Perry Booed Again for $100K Illegal Immigrant Support Plan
http://www.youtube.com/watch?v=WJ0POI1PUdI


Step 2: Please read, understand, share, and report on our national press release going out today.

National Press Release from ALIPAC September 23, 2011

Rick Perry Is Finished
http://www.alipac.us/article-6612-thread-1-0.html



Special thanks to all of our ALIPAC supporters that submitted illegal immigration questions for this debate!

THE ALIPAC TEAM
www.alipac.us

Inside Amazon's warehouse - REALITY OF THE NEW AMERICAN SLAVE LABOR FOR WEB MONSTER AMAZON

Inside Amazon's warehouse

OBAMAnomics: RICH GETTNG RICHER & ILLEGALS OUR JOBS

WE PAY FOR 26,000 TROOPS ON THE KOREAN BORDER, AND HAVE 26 TROOPS ON THE NARCOMEX BORDER TO ASSURE A STEADY FLOW OF MEXICO’S HEAVY BREEDING POOR OVER OUR BORDERS AND INTO OUR JOBS TO KEEP WAGES DEPRESSED.
THE MEXICAN INVASION AND OCCUPATION DEPRESSES WAGES FROM $300 BILLION TO $400 BILLION PER YEAR. THIS IS WHY OPEN BORDERS, INDUCEMENTS TO JUMP OUR BORDERS, CONTINUED NON-ENFORCEMENT, AND SABOTAGE OF E-VERIFY ARE OPERATED BY THE DEPT. of HOMELAND SECURITY = PATHWAY TO CITIZENSHIP!
TRY TO FIND A BILLIONAIRE IN AMERICAN THAT DOES NOT WANT OPEN BORDERS AND NO E-VERIFY!
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DRIFT TO THE SECOND DEPRESSION – THE BANKSTERS’ RAPE AND PILLAGE KEEPS ROLLING!
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http://mexicanoccupation.blogspot.com/2011/09/obamas-and-his-criminal-bansters-and.html
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Wealth and poverty in America
23 September 2011
Two reports this week underscore the shocking growth of social inequality in the United States. The historically unprecedented concentration of wealth in the hands of a few people is the corollary to mass poverty on a scale not seen since the Great Depression.
On Wednesday, Forbes magazine released its annual tally of the 400 richest Americans, whose combined net worth has soared to $1.53 trillion, up 12 percent since last year. To even make the list, i t was necessary to have a fortune of at least $1.05 billion, more than ten thousand times the median net worth of an American household.
Among those at the top of the list were some of the standard corporate executives and Wall Street speculators: Microsoft CEO Bill Gates ($59 billion, up from $54 billion last year); hedge fund manager Warren Buffet ($39 billion); Oracle CEO Larry Ellison ($33 billion); the Walton family, owners of WalMart (ranging from $20.9 billion to $25 billion); etc.
Particularly noteworthy is the fact that the sector with the largest representation by far in the ranks of the super-rich was “investors,” that is, individuals whose primary occupation is speculating in financial markets. There were 96 such individuals on the list, compared to only four for manufacturing.
Typical of this social layer, utterly parasitic in its relationship to society as a whole, was hedge fund manager John Paulson, who ranked 17, with a wealth of $15.5 billion. Forbes commented on the “Paulson paradox”—the fact that Paulson’s personal fortune has soared 25 percent even though the main hedge fund he operates has fallen 30 percent, due to bad bets on Bank of America and other stocks. Last year, Paulson took in a personal income of $4.9 billion.
The increasing wealth of this layer is a direct product of the infusion of trillions of dollars into the financial system, orchestrated by the Obama administration. Three years after rampant
speculation led to the greatest world economic crisis in generations, the speculators are doing better than ever.
Vast wealth on one side is accompanied by mass impoverishment on the other. Also on Thursday, the US Census Bureau released its “American Community Survey,” a detailed breakdown of poverty, income and other metrics for different areas of the country, including the main states and cities.
Thursday’s report followed figures released earlier this month showing that the number of Americans living in poverty—defined as about $22,000 for a family of four—soared to 46.2 million last year, its highest level on record. The official poverty rate is 15.1 percent, or one out one every six people. The child poverty rate is 22 percent.
In certain regions of the country, the growth in poverty—and the level of inequality—is even more shocking. In New York, the home of Wall Street and a city where the cost of living is far higher than in many parts of the country, the official poverty rate increased to 20.1 percent last year. Among children, the poverty rate soared nearly 3 percentage points in one year, to 30 percent. This is one year after the supposed “recovery” began.
Paulson’s personal wealth of $15.5 billion was approximately equal to the total net income of the bottom 20 percent of the New York City Metropolitan area, or about 1.6 million people.
In Detroit, the center of the collapse of manufacturing in the United States, the poverty rate was 37.6 percent. More than half of all children in the city—or 53.6 percent—live in poverty. For the state of Michigan as a whole, the poverty rate rose to 16.8 percent. Median income has fallen 19.3 percent, by nearly one-fifth, since 2000.
In California, 6 million people were living below the official poverty line in 2010—16.3 percent, up from 15.3 percent a year before. Similar figures are present in virtually every state.
Soaring poverty is driven by an unprecedented jobs crisis, the scale of which is masked by the official unemployment rate of 9.1 percent. The employment-to-population ratio has collapsed over the past several years. To cite one example: only 55 percent of young adults aged 16-29 were employed last year, down from 67.3 percent in 2000 and at its lowest level since World War II.
Three years ago this month, the collapse of Lehman Brothers investment banks set off a financial crisis that has plunged the world into a new depression. At the time, on the eve of the election of Obama as president of the United States, the World Socialist Web Site explained that there would be no “socially-neutral” response to the crisis, that the reaction of world governments, led by the United States, was dictated by the interests of the corporate and financial elite that controls the entire political system.
The present conditions are a product of the response of the ruling class to this crisis. They are a damning indictment of the entire political establishment and the capitalist system that it defends.
Now, under conditions of a renewed economic slump, with world economic growth stalling and Europe on the verge of financial collapse, the response of the ruling class is to escalate the campaign of austerity.
In the United States, the Obama administration is spearheading an unprecedented attack on social programs, releasing this week a proposal to cut hundreds of billions from government health care spending. Over the next two months, Washington will be consumed by a discussion over how far it can go in undermining and ultimately dismantling Medicare, Medicaid, Social Security and other social programs.
On Thursday, Treasury Secretary Timothy Geithner stressed that the turmoil in the markets meant that it was necessary to proceed with redoubled energy in implementing these measures. He worried whether Washington would be able to address the “long-term challenges of growth and competitiveness and fiscal sustainability”—in other words, tax reform to lower corporate taxes and sharp cuts in every program that benefits the working class.
The working class, in the United States and internationally, must advance its own program in response to the crisis of capitalism. This must begin with the understanding that nothing can be gained except through mass struggle. It is necessary to break free from the stranglehold of the official trade unions and political subordination to the Democratic Party.
There is no solution to the crisis in the interests of the working class that does not begin with an attack on the wealth and power of the corporate and financial aristocracy. This requires the expropriation of the vast fortunes of the Fortune 400 and the rest of the ruling elite. The financial institutions and corporations they control must be taken over, run democratically in the interests of social need.
In the face of the ruthless offensive of the ruling class, the fight to achieve even the most minimal reforms poses revolutionary tasks—the independent industrial and political mobilization of the working class in mass struggle, aimed at the conquest of political power and the socialist transformation of economic life.
Joseph Kishore
WSWS.org – get on their free no ads e-news!

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http://mexicanoccupation.blogspot.com/2011/05/wikileaks-exposed-obamas-la-raza-open.html
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“What's needed to discourage illegal immigration into the United States has been known for years: Enforce existing law.” ….. CHRISTIAN SCIENCE MONITOR

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While hailed by his Democratic supporters as the return of a new combative Obama, his phony populist demagogy about the need for immediate action and commitment to ensuring that every American received a “fair shake” stood in stark contrast to the actual content of the policies advanced in the speech.


Obama outlines right-wing program in “jobs” speech
By Bill Van Auken
9 September 2011
The speech delivered by President Barack Obama to a joint session of Congress Thursday night was billed as the presentation of a new government initiative to confront the worst unemployment crisis since the Great Depression of the 1930s. Instead, it underscored yet again the unwillingness and inability of the US financial elite and its two major parties to implement a single meaningful measure to aid the 25 million Americans who are unable to find full time work.
The “American Jobs Act” trumpeted by Obama from the podium of the House of Representatives represents a laundry list of right-wing proposals, all of which he justified as having been supported by Republicans, sections of big business or the US Chamber of Commerce.
While hailed by his Democratic supporters as the return of a new combative Obama, his phony populist demagogy about the need for immediate action and commitment to ensuring that every American received a “fair shake” stood in stark contrast to the actual content of the policies advanced in the speech. All the proposals, moreover, will be paid for by even deeper attacks on core social programs such as Medicare, Medicaid and Social Security.
The speech came on the same day that the US Department of Labor released weekly unemployment figures showing that the number of people filing new unemployment claims had risen by 2,000 again to a seasonally adjusted 414,000. Even more telling was the most recent four-week average of new filings for unemployment benefits, which rose by 3,750 to 414,750.
This follows the report that in August, zero net jobs were added to the economy. It is estimated that 11.2 million jobs would have to be created to reach the employment levels that existed before the meltdown of the capitalist financial system three years ago.
Current conditions are catastrophic for the unemployed, with nearly five jobless workers chasing every new job opening. Meanwhile, the wave of budget cutting carried out by Democratic and Republican administrations alike on the federal, state and local levels are adding tens of thousands of workers to the jobless rolls every month.
In its scale, estimated at $300 billion, the “American Jobs Act” represents little more in dollar terms than half of the stimulus package proposed by Obama and enacted by Congress two years ago. That package itself was dwarfed by the scale of the crisis and had only a marginal and temporary impact in terms of limiting the growth in unemployment, while doing little to reduce the overall jobless rate or the number of long-term unemployed, which now stands higher than at any time since the 1930s.
While Obama presented no breakdown of the overall cost of the proposed act, the plan reportedly calls for just $100 billion for infrastructure projects, such as repairing highways and bridges. This is 50 percent less than what Congress appropriated to fund the ongoing US wars in Iraq and Afghanistan for fiscal 2011. Such are the real priorities of American capitalism.
Even it were approved, the infrastructure proposal, which has been supported by Republican Congressional leaders, would amount to little more than a boondoggle to corporate interests, geared to funneling money to private companies. The measure has also been backed by the US Chamber of Commerce, the main business lobbying group.
Among the Republican policies promoted by Obama was a program known as “Georgia Work$,” which sends unemployed workers to private sector employers to work as unpaid trainees for six weeks, with the state paying the usual benefits plus only a small stipend to cover transportation costs. Georgia officials said they were surprised that the program, which is virtually bankrupt and has enlisted less than 100 people since February, would be touted as a model. Its apparent attraction is that it holds out the prospect of doing away with traditional jobless benefits and forcing the unemployed to work without pay.
The bulk of the “American Job Act’s” funding would go to pay for tax breaks and another extension of unemployment benefits, neither of which will produce any appreciable reduction in the number of unemployed.
At the center of the proposal is the conception that only the private sector can create jobs, and that the government can prod it along with the offer of tax incentives. The reality, however, is that corporate America is sitting on a cash hoard amounting to trillions of dollars, fed by record profits and government bailouts, and has shown no inclination to utilize these vast resources to provide jobs for the unemployed. A reduction in payroll taxes or tax incentives for hiring veterans or the long-term unemployed will not change this class policy.
Moreover, by cutting these taxes, the Obama administration is starving core social programs—Social Security, Medicare and Medicaid—for funds, helping to create a justification for inflicting even more savage budget cuts.
In his speech, Obama pledged money spent on the “American Jobs Act” will be offset by increased cuts in government spending.
“The agreement we passed in July will cut government spending by about $1 trillion over the next ten years,” Obama said. “It also charges this Congress to come up with an additional $1.5 trillion in savings by Christmas. Tonight, I’m asking you to increase that amount so that it covers the full cost of the American Jobs Act.”
He specified that this would be done by making “additional spending cuts” including to Medicare and Medicaid, winning a standing ovation from many congressional Republicans.
He added that he would propose changes in the tax code affecting “tax breaks and loopholes” for the rich and corporations. The reality, however, is that the super-rich have benefited not merely from a few loopholes, but rather the cutting of the top tax rate in half over the past 15 years. As for the corporations, Obama promised that elimination of loopholes would be accompanied by a lowering of the corporate tax rate, driving profits even higher.
Along similar lines, Obama pledged to eliminate “rules and regulations that place an unnecessary burden on businesses,” a policy that he pursued last week with the rejection of a proposal from the Environmental Protection Agency to tighten standards for smog. While the EPA found that the regulation would prevent thousands of premature deaths, the Obama White House overruled it on the basis that it would unduly cut into corporate profits.
Three quarters of a century ago, the administration of Franklin D. Roosevelt found the resources to put millions of Americans to work through programs like the Works Progress Administration, that were responsible for nationwide construction and repair of basic infrastructure, from highways to airports to national parks.
Driven by tumultuous struggles of the American working class and the fears that example of the 1917 workers’ revolution Russia could be repeated, Roosevelt set about to save capitalism from itself.
Today, Obama cannot even hint at creating such a program. The protracted crisis of American capitalism has left the United States a declining power and the most heavily indebted country in the world. Moreover, the American ruling elite is increasingly dominated by a financial oligarchy that has amassed obscene fortunes not through production, but rather Wall Street speculation that crosses over into criminality.
This ruling class is prosecuting a savage assault on living standards and basic social rights of the working class, in which mass unemployment is viewed as an indispensable weapon in driving down wages and ripping up fundamental social programs.
In this counterrevolutionary offensive, it enjoys the full backing of the existing trade unions, whose privileged and well-paid bureaucracy is collaborating in slashing wages and benefits of the workers it purports to represent. Significantly, within hours of the speech, AFL-CIO President Richard Trumka, an invited guest of the president, hailed Obama for having “showed working people that he is willing to go to the mat to create new jobs on a substantial scale.”
Obama’s speech and the reactionary content of the “American Jobs Act” demonstrate once again that the beginning of any genuine struggle for jobs is the independent political mobilization of the working class against a social and political system that subordinates economic life to the profits of the dominant banks and corporations and the accumulation of wealth by the top 1 percent.
Working people must start from the standpoint that decent employment is an elementary social right, without which no other rights have any real content. To secure this right requires recovering the vast wealth monopolized by the financial and corporate elite and using it to create a massive public works program, ensuring decent jobs for all. To halt mass layoffs and further social cutbacks, the major banks and corporations must be turned into publicly owned enterprises under the democratic control of the working class.
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http://mexicanoccupation.blogspot.com/2011/07/why-rich-and-illegals-vow-to-reelect.html
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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.
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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.”
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OBAMA, THE BIGGEST CON JOB IN AMERICAN HISTORY?
http://mexicanoccupation.blogspot.com/2011/08/obama-why-his-rich-donors-and-criminal.html
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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
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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

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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.”
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obama and black america - LA RAZA IS WINNING!

http://mexicanoccupation.blogspot.com/2011/07/obama-vs-black-america-as-he-hispanders.html
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http://mexicanoccupation.blogspot.com/2011/07/black-america-vs-obama-cnsnewscom.html
PERHAPS THE ARTICLE SHOULD BE TITLED “OBAMA AGAINST ALL OF AMERICAN BUT ILLEGALS, AND HIS BANKSTER DONORS!

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Black America vs. Obama?
Tuesday, July 12, 2011
By Patrick J. Buchanan [1]
"The Disappearing Black Middle Class" ran the headline over the Chicago Sun-Times story. And the statistics from the Economic Policy Institute were indeed sobering.
In 2007, best year of the Bush era, white households had a median net worth of $134,280, compared with $13,450 for black households.
By 2009, the median net worth for white households had fallen 24 percent to $97,860. For black households, it had plummeted 83 percent to $2,170, a near wipeout.
As Algernon Austin of EPI's Program on Race, Ethnicity and the Economy put it, "In 2009, for every dollar of wealth the average white household had, black households had two cents."
One explanation for this surely is the wave of foreclosures on subprime mortgages, a large share of which were held by African-Americans.
But while unemployment among white men has surged in the Great Recession, among black men it has hit 16 percent, the highest level since the Department of Labor began to keep records in 1972.
Ominously, things are likely to get worse, because Bill Clinton's assertion, "The era of big government is over!" is today palpably true.
Not only in Wisconsin, Ohio and New Jersey, run by Republicans, is this so, but in liberal mega-states like New York and California. There, Govs. Andrew Cuomo and Jerry Brown run the show, and government payrolls are also being slashed and government pensions pared back.
From Greece to Portugal to Ireland to Italy, an age of austerity has begun. And now that age is about to begin in Barack Obama's Washington.
Why should this adversely affect black America?
Because not only are African-Americans disproportionately the beneficiaries of federal programs, from the Earned Income Tax Credit to aid for education and student loans, they are even more over-represented in the federal workforce than they are on state payrolls.
Though 10 percent of the U.S. civilian labor force, African-Americans are 18 percent of U.S. government workers. They are 25 percent of the employees at Treasury and Veterans Affairs, 31 percent of the State Department, 37 percent of Department of Education employees and 38 percent of Housing and Urban Development. They are 42 percent of the Equal Employment Opportunity Commission and Pension Benefit Guaranty Corp., 55 percent of the employees at the Government Printing Office and 82 percent at the Court Services and Offender Supervision Agency.
When the Obama administration suggested shutting down Fannie Mae and Freddie Mac, the mortgage giants whose losses of $150 billion have had to be made up by taxpayers, The Washington Post warned, in a story headlined, "Winding Down Fannie and Freddie Could Put Minority Careers at Risk," that 44 percent of Fannie employees and 50 percent of Freddie's were persons of color.
In Washington, D.C., we have also seen the result of government cuts on African-American leaders who had to approve those cuts.
When Mayor Adrian Fenty stood behind schools chancellor Michelle Rhee, who fired hundreds of teachers, most of them African-American, the wards east of the Anacostia cut him dead. In 2010, Fenty was thrown out by many of the black voters who elected him.
Not only are African-Americans over-represented among government employees, these jobs are the backbone of the black middle class. For federal pay and benefits in recent years have far outstripped those of the private sector.
From 2000 to 2010, the number of federal employees earning over $150,000 increased tenfold. That number doubled in the first two years alone of the Obama administration. The average pay of federal civil servants in 2009, after benefits were factored in, was $123,000, twice the average pay and benefits of $61,000 in the private sector.
Indeed, because of the salaries and benefits that District of Columbia and federal employees receive, Washington is first among all metropolitan areas in per-capita income. And the three congressional districts north and west of the city in Maryland and Virginia are among the top 10 in the nation in average income.
The half-century since the Great Society was launched in the mid-1960s have been the salad days of the government sector. No segment of the population has benefited more than black America.
But with the U.S. government running its third deficit of 10 percent of gross domestic product, and Obama talking of cutting $4 trillion from future spending, those days are over. And as black America benefited immensely from the Great Society, so it is likely to hurt most as the cuts come.
Already, black voices are beginning to blame the black president whom fate has chosen to preside over the downsizing.
Obama, says Princeton professor Cornell West, "lacks backbone." He is a "black mascot of Wall Street and a black puppet of corporate plutocrats. ... I don't think in good conscience I could tell anybody to vote for Barack Obama."
Incredibly, the question must be asked.
Is this Democratic administration about to go to war with its base? Is black America souring on Barack Obama?
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http://mexicanoccupation.blogspot.com/2011/06/alipac-obamas-pursuing-executive.html

OBAMA QUIETLY PURSUING HIS BIT BY BIT BY BIT AMNESTY BY NON-ENFORCEMENT!


http://mexicanoccupation.blogspot.com/2011/06/la-raza-is-registering-illegals-to-vote.html
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ALIPAC NOTE: The US Constitution does not allow the President to make policy out of legislation that has been defeated in Congress 8 times. These new authoritarian orders are not Constitutional and we are asking all of our supporters to be ready for emergency measures in defense of the American Republic in the coming weeks. This unlawful AMNESTY for ILLEGAL ALIENS will not stand!

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White House loosens border rules for 2012 elections

The Daily Caller
06/20/2011 | Updated: 7:31 PM 06/20/2011

President Barack Obama’s administration is quietly offering a quasi-amnesty for hundreds of thousands of illegal immigrants aiming to win reelection by mobilizing a wave of new Hispanic voters without alienating the populous at large, say supporters of stronger immigration law enforcement.

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SHOCKING FACTS ON OBAMA’S FUNDING OF THE MEXICAN SUPREMACIST MOVEMENT OF LA RAZA

http://mexicanoccupation.blogspot.com/2011/06/obama-operates-la-raza-supremacy-out-of.html
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http://mexicanoccupation.blogspot.com/2011/06/obama-mexican-supremacist-party-of-la.html
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http://mexicanoccupation.blogspot.com/2011/04/history-of-mexican-fascist-party-of-la.html
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http://mexicanoccupation.blogspot.com/2011/05/wikileaks-exposed-obamas-la-raza-open.html
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http://mexicanoccupation.blogspot.com/2011/06/alipac-obamas-pursuing-executive.html

GOP debate: Under fire, Rick Perry defends immigration stance - HANDING LA RAZA SPECIAL DISCOUNTS - OR BUILDING LA RAZA SUPREMACY?

GOP debate: Under fire, Rick Perry defends immigration stance