Thursday, May 10, 2012

IS OBAMAnomics WORKING FOR YOU LIKE IT IS HIS CRIMINAL WALL ST BANKSTERS? OR DID OBAMA PUNK YOU AGAIN???


Right now OBAMA has taken hundreds of border guards off the border with narocomex.

Obama has invited LA RAZA, the virulently racist Mexican supremacist political part for the expansion of MEXICAN OCCUPATION in to the White House, along with his LA RAZA DEMS, like Zoe Lofgren, to hammer out bit by bit amnesty. THE PRESS WAS NOT INVITED.

Just like the press was not invited when OBAMA invited the banksters into the White House to fill in the amounts they wanted in their BANKSTERS’ WELFARE PROGRAM, all voted for by the very LA RAZA dems that always sell us out.

If we’re going to save our country, we need to rid ourselves of the Mexican flag wavers, take back our jobs, which may mean employers of illegals go to jail, and then living wages paid to legals.

Next, we need to stop buying the bullshit crap these corporate owned politicians con us with. They are paid liars, and the slickest is the red-carpet addicted actor named BARACK OBAMA.

So, when Obama mouths off again about his “recovery”, know he speaks the truth! His banksters are not in prison. Their rape and pillage onslaught rolls on. There’s good money in foreclosing on people! There will be NO REGULATION of bankers, and the drugsters love what OBAMA did for the banksters so much, they’re in the White House also writing up the Obama “reform” to get their already obscene profits even higher.

Next, it’s amnesty 38 million illegals! That will delight Wall St. so much that come reelection time, all OBAMA will need is truck loads of banksters’ bribes, and the votes of illegals!

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REALITIES OF THE SO CALLED OBAMA “RECOVERY”… THE BANKSTERS KNEW HE’D BE A GOOD INVESTMENT!

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Wsws.org…. get on their free daily news emails for the non-corporate owned slant!

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Lou Dobbs Tonight
Monday, October 5, 2009

Has American society and capitalism run its course? Foreign critics and academics are predicting the fall of capitalism -- and the collapse of America's dominance in world affairs. It's not the first time dire predictions have been made. We'll report on just who is making these predictions --and why.


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Lou Dobbs Tonight
Thursday, July 9, 2009

And Harvard economics professor JEFFREY MIRON will weigh in on the state of the U.S. economy—and why the only plausible argument for bailing out banks crumbles on close examination.

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Lou Dobbs Tonight
Thursday, April 9, 2009

 Plus, outrage after President Obama prepares to push ahead with his plan for so-called comprehensive immigration reform. Pres. Obama is fulfilling a campaign promise to give
legal status to millions of illegal aliens as he panders to the pro-amnesty, open borders lobby. Tonight we will have complete coverage

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Lou Dobbs Tonight
Tuesday, February 3, 2009

And WILLIAM GHEEN, the president of Americans for Legal Immigration, breaks down his push for E-Verify—and why the Obama administration is wrong to delay its implementation when it comes to federal contractors.

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Lou Dobbs Tonight
Monday, February 16, 2009

Plus, even open border advocates agree that the most effective way of fighting illegal immigration is to crack down on the employment of illegal aliens. Yet, those same groups are
opposed to E-Verify, which has an initial accuracy rate of 99.6% making it one the most accurate programs ever. E-Verify was stripped from the stimulus bill but who stripped it out and who is opposed to verifying employment status is still not clear.

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Ten thousand unemployed apply for 90 jobs in Louisville, Kentucky

By Hiram Lee
10 October 2009

Reflecting the increasingly desperate economic situation faced by millions, this week 10,000 unemployed workers applied for 90 jobs at a Louisville, Kentucky, General Electric (GE) plant.

The enormous response came within the space of just three days. GE had announced its intentions to add a second shift to its plant manufacturing washing machines in Appliance Park last Friday and began accepting applications on Monday. An earlier announcement by the GE plant calling for 13 maintenance workers who would receive $23 per hour drew 700 applicants.

The GE jobs promised a mere $13 per hour, plus benefits including dental coverage and eye care. The same jobs had previously paid $19 per hour until the decision by the IUE-CWA Local 761 to accept concessions in May, which included cutting wages for new workers and future hires.

Unemployment in Kentucky reached 11.1 percent in August. A total of 3,200 manufacturing jobs were lost in the state in the same month. Over the year ending in August, some 35,300 manufacturing jobs were lost in Kentucky.

Dr. Justine Detzel, the chief labor market analyst for Kentucky’s Office of Unemployment and Training, commented after the release of these numbers, “This marks the 14th time in the last 15 months industrial employment has fallen. Job losses were concentrated in the durable goods subsector, reflecting layoffs at a number of automobile parts manufacturers, the closing of another automobile parts producer, and the start of a lengthy temporary shutdown of a durable goods plant.”

The loss of better-paying manufacturing jobs will have a sharp impact on poverty in the state, which already stood at 17.3 percent for 2008. According to the latest Census Bureau figures, one in eight families and one in four children live in poverty. Foreclosures, particularly in Louisville, continue to rise due to a spike in unemployment.

A testament to the destruction of the manufacturing sector, no less than 80 percent of the workers applying for the 90 GE jobs were able to claim factory experience on their applications.

The response of the Kentucky state government to widespread unemployment and a major crisis within the state budget has been entirely reckless and shortsighted. Social programs, made all the more necessary by the economic crisis, have been slashed. Upon entering office in 2007, Governor Steve Beshear, a Democrat, almost immediately began a fight to bring casino gambling to the state, a mercenary industry that would only prey on the poor and working class population. Short-term attempts to increase tax revenue include hosting the 2010 World Equestrian Games in the state, as well as a major Nascar racing event.

As federal stimulus funds will have run out by 2012, the governor is preparing the state for further hardships in the future. Hinting at further cuts to social programs, he spoke before a Downtown Rotary Club in Louisville in September, saying the budget crises yet to be faced will “make us decide what we consider sacred and what is expendable.”

The rush by 10,000 unemployed workers to claim the small number of jobs offered by GE is a phenomenon not unique to Kentucky. All over the country, workers are desperately trying to find jobs or secure assistance under conditions in which available jobs and resources are completely inadequate.

Thousands have flocked to free, temporary clinics set up in Texas and California in search of health care they could not otherwise afford. In Detroit this week, 50,000 residents sought housing aid, of which there was only enough to assist some 3,400 people in need.

These and similar incidents around the country have made clear the inability of the capitalist system to meet the most basic social needs of masses of people.

At a time when trillions of dollars are available to bail out the banks, workers are told there is no money to provide even the most elementary necessities of life.


50,000 line up for housing aid in Detroit

By Jerry White
8 October 2009

An estimated 50,000 residents of Detroit filed into Cobo Hall convention center on Wednesday seeking assistance to pay utility bills and keep from being evicted from their homes. City officials, who expected around 3,000 people to apply for the aid, were overwhelmed by the turnout.

In a scene reminiscent of the crowds of jobless workers who lined up for free soup during the Great Depression, a queue of tens of thousands of workers and unemployed people wound around the downtown arena. Young mothers pushing baby carriages, disabled workers in wheelchairs, senior citizens and throngs of young workers and youth stood for hours waiting. Many had slept on the streets the previous evening to be the first served.

Several people fainted during the wait and were treated by medical personnel on the scene. By 11:30 a.m., Detroit’s mayor, David Bing, made a public appeal for citizens to stop coming to Cobo Hall. Hundreds of police, including officers from Detroit’s special Gang Unit, stood guard at the entrances to hold back the crowd.

Several people were reportedly injured in the rush to enter the building after the police finally opened the doors around noon. Those in line were funneled through the glass doors and quickly sped toward a table where they were handed applications and told they had to fill them out and deposit them in boxes before a 2 p.m. deadline.

Wednesday was the last day for residents to apply for the city’s Homeless Prevention and Rapid Re-Housing Program (HPRP). The program, funded by a $15.2 million grant from the Obama administration's stimulus program, will provide assistance to only about 3,400 people, according to Constance Bell, a spokesperson for the program. In addition to the 50,000 applications given out Wednesday, an additional 30,000 were distributed previously, Bell said. This means that only about one out of 23 people who applied will see any money.

The large turnout was based on fast-spreading rumors that the city was providing $3,000 to low-income families in need of aid. Such is the level of economic desperation in the city—where the official jobless rate is 29 percent and more than one-third of the population lives below the official poverty line—that tens of thousands showed up.

The vast majority will not qualify for the aid, the city spokesperson admitted. The HPRP program only provides temporary assistance to pay utility bills for those who are already homeless or facing pending evictions or foreclosures. Moreover, it will be paid only to those who are able to keep up their housing payments after receiving the aid. No money will be used to make mortgage payments.

People wait outside the North entrance of Cobo Hall

Rather than informing those who showed up that their efforts were likely to be in vain, city officials continued to hand out and collect applications for the program. Their overwhelming concern was to prevent an angry outburst from people who had suffered the indignity of waiting for hours and being manhandled by the cops.

The lack of preparation and disorganization at the event is an indication of how distant government officials are from the reality confronting the working class and the extent of the social crisis. The 80,000 households that applied for assistance represent roughly a third of the city’s population.

The real jobless rate in Detroit is much higher than the official figure of 29 percent, due to the tens of thousands who have given up looking for nonexistent jobs. This crisis has been exacerbated by the forced bankruptcies and restructuring of General Motors and Chrysler by the Obama administration, which, with the support of the United Auto Workers, destroyed thousands of jobs and slashed the wages and benefits of auto workers and retirees.

Particularly striking were the thousands of young workers lining up for assistance. Thirty years ago, a large number of these young people would have been employed in city’s many auto factories. Since 1970, however, the city has lost three-quarters of its manufacturing jobs, wiping out the jobs of 250,000 workers. Today, there is nothing but low-paying jobs for young workers, without the slightest economic security.

Last month, tens of thousands of workers lined up at the state fair grounds in Detroit after the regional gas and electric company, DTE Energy, announced it was offering help to distressed homeowners and renters. According to a report last month in the Detroit News, Michigan’s two largest power companies, DTE Energy and Consumers Energy, last year cut off heating to a total of 181,000 customers. DTE has already shut off energy to 115,000 households, a pace that will far surpass last year’s 142,000 cutoffs.

Detroit—which used to boast one of the highest rates of home ownership in the nation--had the top home foreclosure rate in 2006 and 2007, and still ranks among the highest in the US.

Detroit’s economic decline has been long in the making. The living standards won by auto workers gave the Motor City the highest per capita income in the nation in the 1950s. The last three decades, beginning with the Chrysler bailout of 1979-80, has seen an unrelenting assault on the working class by big business and the government, culminating in Obama’s restructuring of GM and Chrysler. The deindustrialization of Detroit was symbolic of the shift by American capitalism from manufacturing to the most parasitic forms of financial speculation.

At 15.2 percent, the state of Michigan has the highest unemployment rate in the US. Over the past decade, as the auto industry was downsized, Michigan lost 870,000 jobs. The number is expected to rise to one million by late next year.

Even as the demand for social services increases, state and city governments are slashing spending for housing, education and health care to cope with large budget deficits. The Obama administration, which handed trillions to Wall Street, has offered no similar bailout to the states or the estimated 15 million people who are now unemployed.

The state of Michigan—facing a $2.8 billion deficit—is slashing programs across the board. On the same day that thousands lined up for housing assistance, Detroit’s Democratic Mayor David Bing, a multi-millionaire businessman, announced a “turnaround” plan to cut $500 million over the next two years by permanently shrinking city government, selling off public assets, privatizing and cutting services, and laying off more than 1,000 city workers.

The economic crisis is bringing much of the rest of the country to similar straits as in Detroit and Michigan. Scenes of economic desperation are increasingly common throughout the country, with free clinics attracting crowds of thousands in California, Texas and other states, and thousands of people lining up for a handful of available jobs.

The US is experiencing a social crisis unparalleled since the 1930s. In the face of this crisis, the Obama administration is offering no serious relief to the tens of millions of working people who face economic ruin.

The tragic scene that unfolded Wednesday in Detroit underscores the derisory character of Obama’s so-called “stimulus” and “recovery” schemes. The White House has rejected out of hand any public works program to put the unemployed to work. Instead, all of its policies—from the Wall Street bailout, to the attack on auto workers, to its plans to slash health care costs—are designed to protect the wealth and power of the financial elite.


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"Most people out here have been unemployed for months"


By Andre Damon
8 October 2009

Tens of thousands of people waited for hours Wednesday in downtown Detroit to get applications for housing assistance. The turnout overwhelmed the event's planners, who thought no more than several thousand people would attend. Reporters from the World Socialist Web Site spoke to people attending the event at Cobo Hall.

"I was waiting in line for hours before I learned that this program is not for people from my neighborhood," said Jackie Hall, a resident of Harper Woods, a nearby city.

"This is the worst-organized event I've ever seen," she added. "People are doing a double wrap-around of Cobo Hall. Why? So they can fill out an application for help that won't get them anything? A lot of my neighbors have their lights off, their gas off. My son just graduated high school, but he has a disability. What chance does he have for getting a job?"

Jalonda and Kadeja Terry

Jalonda Terry, a former student and restaurant worker, said her unemployment had run out, and she has nowhere to turn, so she came to Cobo Hall for help. "They're talking about extending unemployment for another 13 weeks," she said, "but that's nothing. Most people out here have been unemployed for months and won't find any work soon."

"People are going to be starving and homeless," she added. "People are going to die. Why doesn't the president just give every family stimulus money. Why do we have to wait in the cold? Why do we have to fill out these stupid forms?"

Jalonda's mother, Kadeja, said, "There should be people helping to organize the line. There are kids here in the cold."

Angella Murphy, a former GM worker, related cutbacks in the city to concessions by workers at Chrysler. "They're closing all the schools down, and now they're cutting optical and dental benefits from the auto workers. Obama gave all that money to the banks and not to the people. Why doesn't he start a job-creation program?"

"Obama's doing his best," said one person in the crowd. "He gave everybody hope."

"You can't eat hope," someone shouted back, and a debate ensued.

Rosalyn Black said, "Nowadays, people are moving in together just to survive. We need the money, but the banks get it. Why don't they just help us? Why do we have to come out and walk around Cobo Hall like it's a circus?"

"This is not what the president intended," she added. "The mayor is responsible for this."

Ms. Solomon, a former factory worker and UPS security person, said her unemployment had run out. "There are no jobs in the city, and no way to get out of it for people looking for work," she said. "Dave Bing [Detroit mayor] is rich, he doesn't need to ride the bus. But he's cutting the bus services that people need to get to work."

Annette, a former AT&T worker, said, "I have been unemployed since March and I can't make ends meet. My income has fallen by more than half, and I am stretching everything I have, but I can't pay all of my bills. I heard that they were providing $3,000 in help with your bills, so I came down. You can see from all of the people who are here, people are really hurting. We all need help."

Lila Scott worked at Greektown Casino before getting laid off. "I'm getting desperate. Although I have been laid off for several months, my unemployment has not kicked in, and I have three children. I have tried for months to get it started, but I keep getting the run-around. Obama, Bing, [Governor] Granholm, none of these people are doing anything for working people."

"Things will get even worse once winter rolls around and people can't pay their utility bills," said Ricardo, an unemployed worker. "There are going to be a lot of dead people this winter," he said. "What do you do when you can't find a job and your baby's stomach hurts? What do you do?"


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US: Thousands line up for free health care in Texas

By Andre Damon
28 September 2009

Over two thousand people lined up to attend a free health care clinic in Houston, Texas, this weekend, the largest one-day event of its kind in the US.

The event, which offered free basic health care for uninsured people, drew a far greater attendance than expected by organizers. Present at the event were 160 doctors and 200 nurses. The clinic offered checkups and minor tests. Ambulances were also present to take critically ill people to hospitals.

One in four people in Texas are uninsured, the highest rate in the country. Harris County, where Houston is located, has 1.3 million uninsured people, a third of the population. More than 47 million people, or 15 percent of the US population, have no health insurance of any kind.

The Houston event follows a free health care clinic in Los Angeles in August. The LA clinic served more people, but was held over several days. Free clinics have historically provided care to the uninsured, but the number of people showing up to clinics has increased in recent months as the economic crisis has worsened.

Dr. Mehmet Oz, a television physician, in collaboration with the National Association of Free Clinics, sponsored the event. Oz recently started his own television show as a spin-off of The Oprah Winfrey Show.

Media reports from the event paint a picture of social catastrophe: parents, children and elderly people who have not seen a doctor or dentist in years; people with major conditions that go untreated because they cannot afford help.

Some lined up before dawn to make sure they would get care. “I wanted to make sure that I was first in line. I’m a single mom and I have a lot to do today,” Karen Coney, 47, told the Houston Chronicle. She works as a substitute teacher, but cancelled her health insurance because the premiums were too high. She can’t afford regular exams and doctor visits, even though she has chronic health problems.

Nicole Lamoureux, executive director of the National Association of Free Clinics, told the Chronicle that there has been a sharp rise in demand for such care. “So many people who do not have insurance don’t go to the doctor, so they present with more and more illnesses,” she said.

The organization says its clinics helped 4 million people last year, but that this figure is set to double this year as a result of the economic downturn.

The event encapsulates the stark misery that lack of decent medical care imposes on so much of American society. The economic downturn has only exacerbated the crisis in health care as millions more people have lost their jobs, taken pay cuts, and seen quality health care move further out of reach.

For his part, Oz used the event to present a facile solution to the health care crisis in the US. “Part of the goal today is to make it clear that there are Americans here who will help those who need the help,” Oz said. “There are ways of supporting those who do not have health care coverage. We need to create a system where all of us can be part of it.”

“There are three million Americans who get their care primarily through these free clinics,” noted Oz.

Oz called the number of uninsured people in America, “a national catastrophe…but one that we can engage and actually embrace and probably overcome,” though he did not say how this would be done.

Tens of millions of people without medical insurance largely do not get any sort of preventative medical care. They live in fear of going to hospitals, where a routine visit could end up costing hundreds of dollars, and small but life-saving procedures—like appendix removal—can cost as much as many workers earn in a year.

The free clinics, besides being stretched to the limit, offer only the most basic care. Only one in ten uninsured people attended the clinics last year, according to figures from the organization that sponsored the event.

The proposed health care overhaul being pushed through Congress and supported by the Obama administration will only intensify the health care crisis in the US. It will require workers who cannot afford health coverage to purchase private insurance or pay a fine, while also forcing sharp cuts in Medicare and Medicaid funding.

GET ON WSWS.ORG free daily emails for the non-corporate interest slant to the news!

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ARE AMAZED AT HOW UTTERLY BRAZEN THESE CORPORATE OWNED POLITICIANS ARE?

GET THIS BOOK!

Culture of Corruption: Obama and His Team of Tax Cheats, Crooks, and Cronies

by Michelle Malkin

Editorial Reviews

In her shocking new book, Malkin digs deep into the records of President Obama's staff, revealing corrupt dealings, questionable pasts, and abuses of power throughout his administration.

From the Inside Flap

The era of hope and change is dead....and it only took six months in office to kill it.

Never has an administration taken office with more inflated expectations of turning Washington around. Never have a media-anointed American Idol and his entourage fallen so fast and hard. In her latest investigative tour de force, New York Times bestselling author Michelle Malkin delivers a powerful, damning, and comprehensive indictment of the culture of corruption that surrounds Team Obama's brazen tax evaders, Wall Street cronies, petty crooks, slum lords, and business-as-usual influence peddlers. In Culture of Corruption, Malkin reveals:

* Why nepotism beneficiaries First Lady Michelle Obama and Vice President Joe Biden are Team Obama's biggest liberal hypocrites--bashing the corporate world and influence-peddling industries from which they and their relatives have benefited mightily

* What secrets the ethics-deficient members of Obama's cabinet--including Hillary Clinton--are trying to hide

* Why the Obama White House has more power-hungry, unaccountable "czars" than any other administration

* How Team Obama's first one hundred days of appointments became a litany of embarrassments as would-be appointee after would-be appointee was exposed as a tax cheat or had to withdraw for other reasons

* How Obama's old ACORN and union cronies have squandered millions of taxpayer dollars and dues money to enrich themselves and expand their power

* How Obama's Wall Street money men and corporate lobbyists are ruining the economy and helping their friends In Culture of Corruption, Michelle Malkin lays bare the Obama administration's seamy underside that the liberal media would rather keep hidden.

           Hardcover: 376 pages

           Publisher: Regnery Publishing (July 27, 2009)

           Language: English

           ISBN-10: 1596981091

           ISBN-13: 978-1596981096

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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.



"Wall Street wants change and wants a curtailment in spending. It wants someone who focuses on the domestic economy," said Jim Cramer, the boisterous host of CNBC's "Mad Money."



Cramer also does not discount nostalgia for the go-go 1990s, when Bill Clinton led the largest economic expansion in history.



"It wants a Clinton like in 1992, but not a Hillary Clinton," he said. "That's Barack Obama."



For both candidates, Wall Street's investment and banking sectors have become among their portliest cash cows, contributing $9.5 million to Obama and $5.3 million to McCain so far.



It's a haul that is already raising concerns that, as the nation's faltering economy has become issue No. 1, the two candidates may have a hard time playing tough on issues like market regulation or corporate-tax loopholes.



"No matter who wins in November, Wall Street will have a friend in the White House," said Massie Ritsch of the Center for Responsive Politics, which crunched the data for The News.



Wall Street's generosity toward Obama, in particular, would seem to run counter to its self-interests.



In addition to calling for corporate and capital gains tax hikes, Obama has proposed raising income taxes on those earning more than $250,000.



But Wall Street is often motivated by something more than money - winning.



"In general, these are professional prognosticators," said Ritsch. "And they may be putting their money on the person they predict will win, not the candidate they hope will win."



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).



McCain's top five include Wall Street's Merrill Lynch ($230,310) and Citigroup ($219,551).



Obama's Wall Street haul is not the biggest ever. That distinction belongs to President Bush, who as an incumbent in 2004 raised $10,852,696 from Wall Street interests through April that year - about $1 million more than Obama.



Obama's aides dismiss any suggestion he might be beholden to Wall Street, noting that 93% of his donations are $200 or less and that he took his tough economic message straight to Wall Street in a 2007 speech at Nasdaq headquarters.



"Sen. Obama went to Wall Street to tell executives that our economy isn't working if they alone are prospering but people living on Main Street are not," Obama spokesman Tommy Vietor said.














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