Importing Poverty: Immigration and Poverty in the United States: A Book of Charts
The Obama administration has also cut worksite enforcement efforts by 70%, allowing illegal immigrants to continue working in jobs that rightfully belong to citizens and legal workers.
THE ENTIRE REASON THE BORDERS ARE LEFT OPEN IS TO CUT WAGES!
By and large, the new jobs created pay much less than those lost during the crash. According to Friday’s figures, average hourly earnings for production workers have risen by only 2 percent over the past year, a figure wiped out by rising prices.
"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."
The corporate cash hoard has likewise reached a new record, hitting an estimated $1.79 trillion in the fourth quarter of last year, up from $1.77 trillion in the previous quarter. Instead of investing the money, however, companies are using it to buy back their own stock and pay out record dividends.
9 March 2013
The US public sector once again shed jobs in February, losing 10,000 positions. Since June 2009, 742,000 state, local, and federal jobs have been eliminated, half of those in public education.
These actions work to further enrich the financial elite, which has seen its wealth increase dramatically with the rise of the stock market. This is made possible in large measure by the US Federal Reserve’s vastly expansionary monetary policy, which is throwing $85 billion a year into financial markets and ultimately into the coffers of the super-rich.
Obamanomics: How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends, Corporate Lobbyists, and Union Bosses…and Muslim Dictators
“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).”