Tuesday, September 3, 2013

PAT BUCHANAN - Will Boehner Stop Our Rogue President? | CNS News

Will Boehner Stop Our Rogue President? | CNS News

PAT BUCHANAN

WHOSE COUNTRY IS IT???

PAT BUCHANAN ON OBAMA’S HISPANDERING FOR THE ILLEGALS’ VOTES:

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BUCHANAN ON HISPANDERING OBAMA’S CONTEMPT FOR OUR LAWS AND BORDERS:
What is the response of Barack Obama, who took an oath to see to it that federal laws are faithfully executed?

He is siding with the law-breakers. He is pandering to the ethnic lobbies. He is not berating a Mexican regime that aids and abets this invasion of the country of which he is commander in chief. Instead, he attacks the government of Arizona for trying to fill a gaping hole in law enforcement left by his own dereliction of duty.

HE IS ONE OF THE MOST CORRUPT AND INCOMPETENT CON-JOBS TO OPERATE OUT OF THE WHITE HOUSE. WHILE HIS  CRIMINAL BANKSTER DONORS LOOTED, HE SABOTAGED OUR BORDERS TO EASE MORE ILLEGALS INTO OUR JOBS AND VOTING BOOTHS. THEN HE RETURNED TO HIS ASSAULT ON THE AMERICAN WORKER!

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Income inequality grows four times faster under Obama than Bush


The study noted that, in the aftermath of the Great Depression, the US undertook policies “during the New Deal [that] permanently reduced income concentration until the 1970s.” In contrast, the study noted a striking absence of any measures to reign in social inequality in the present crisis. Far from it, the Obama administrations’ bank bailouts, austerity program and wage-cutting policies have vastly expanded the prevalence of social inequality.

 

OBAMA HANDS OVER BILLIONS TO MUSLIM DICTATORS and then .......Obama Reduces 2014 Pay Hike for U.S. Troops, Still Fighting in Afghanistan | CNS News

Obama Reduces 2014 Pay Hike for U.S. Troops, Still Fighting in Afghanistan | CNS News

OBAMA’S ASSAULT on AMERICA – THE OBAMA DEPRESSION AS HIS BANKSTERS GET RICHER BY THE DAY AND ILLEGALS GET OUR JOBS!

HE IS ONE OF THE MOST CORRUPT AND INCOMPETENT CON-JOBS TO OPERATE OUT OF THE WHITE HOUSE. WHILE HIS  CRIMINAL BANKSTER DONORS LOOTED, HE SABOTAGED OUR BORDERS TO EASE MORE ILLEGALS INTO OUR JOBS AND VOTING BOOTHS. THEN HE RETURNED TO HIS ASSAULT ON THE AMERICAN WORKER!

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Income inequality grows four times faster under Obama than Bush


The study noted that, in the aftermath of the Great Depression, the US undertook policies “during the New Deal [that] permanently reduced income concentration until the 1970s.” In contrast, the study noted a striking absence of any measures to reign in social inequality in the present crisis. Far from it, the Obama administrations’ bank bailouts, austerity program and wage-cutting policies have vastly expanded the prevalence of social inequality.

 

JOBS – WORST UNDER OBAMA SINCE DEPRESSION!

 

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http://mexicanoccupation.blogspot.com/2013/08/two-thirds-of-all-jobs-under-obama-go.html

 

DURING OBAMA’S FIRST TERM 2/3s OF ALL JOBS WENT TO IMMIGRANTS, BOTH LEGAL AND ILLEGAL. FEDERAL WORKPLACE ENFORCEMENT of LAWS PROHIBITING THE EMPLOYMENT of ILLEGALS PLUMMETED 70%... AND OBAMA - HOLDER SABOTAGED E-VERIFY EVERYWHERE THEY COULD TO EASE MORE LA RAZA INTO OUR JOBS!

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JOBS-8

 

CRONY CAPITALISM ...the rise of Barack Obama and the fall of America!

 

OBAMA'S ASSAULT ON AMERICA -WHY WALL STREET, ILLEGALS, CRIMINAL BANKSTERS and the 1% LOVE HIM, AND THE MIDDLE CLASS GETS THE SHAFT TO PAY FOR HIS CRONY CAPITALISM

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The goal of the Obama administration, working with the Republicans and local governments, is to roll back the living conditions of the vast majority of the population to levels not seen since the 19th century, prior to the advent of the eight-hour day, child labor laws, comprehensive public education, pensions, health benefits, workplace health and safety regulations, etc.

 

(MOST OF THE FORTUNE 500 ARE GENEROUS DONORS TO THE MEXICAN FASCIST PARTY of LA RAZA – IT’S ALL ABOUT KEEPING WAGES DEPRESSED)

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In response to the ruthless assault of the financial oligarchy, spearheaded by Obama, the working class must advance, no less ruthlessly, its own policy.

New Low: 28% Think Passage of Immigration Reform Likely This Year - 98% Think Illegals Will Continue to Get all Jobs as Long as Obama is President - Rasmussen Reports™

New Low: 28% Think Passage of Immigration Reform Likely This Year - Rasmussen Reports™


JOBS – WORST UNDER OBAMA SINCE DEPRESSION!

 

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http://mexicanoccupation.blogspot.com/2013/08/two-thirds-of-all-jobs-under-obama-go.html

DURING OBAMA’S FIRST TERM 2/3s OF ALL JOBS WENT TO IMMIGRANTS, BOTH LEGAL AND ILLEGAL. FEDERAL WORKPLACE ENFORCEMENT of LAWS PROHIBITING THE EMPLOYMENT of ILLEGALS PLUMMETED 70%... AND OBAMA - HOLDER SABOTAGED E-VERIFY EVERYWHERE THEY COULD TO EASE MORE LA RAZA INTO OUR JOBS!

OBAMA: AMERICA'S BIGGEST LIAR! Distrust of Obama motivating GOP opposition to Syria resolution | WashingtonExaminer.com

Distrust of Obama motivating GOP opposition to Syria resolution | WashingtonExaminer.com


BARACK OBAMA, LA RAZA FASCISM and the CULTURE of DEM CORRUPTION

They Destroyed Our Country

“They knew Obama was an unqualified crook; yet they promoted him. They knew Obama was a train wreck waiting to happen; yet they made him president, to the great injury of America and the world. They understood he was only a figurehead, an egomaniac, and a liar; yet they made him king, doing great harm to our republic (perhaps irreparable.)”

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OBAMA’S ASSAULT on AMERICA – THE OBAMA DEPRESSION AS HIS BANKSTERS GET RICHER BY THE DAY AND ILLEGALS GET OUR JOBS!

HE IS ONE OF THE MOST CORRUPT AND INCOMPETENT CON-JOBS TO OPERATE OUT OF THE WHITE HOUSE. WHILE HIS  CRIMINAL BANKSTER DONORS LOOTED, HE SABOTAGED OUR BORDERS TO EASE MORE ILLEGALS INTO OUR JOBS AND VOTING BOOTHS. THEN HE RETURNED TO HIS ASSAULT ON THE AMERICAN WORKER!

more at this link – post on your Facebook and email broadcast

Income inequality grows four times faster under Obama than Bush


The study noted that, in the aftermath of the Great Depression, the US undertook policies “during the New Deal [that] permanently reduced income concentration until the 1970s.” In contrast, the study noted a striking absence of any measures to reign in social inequality in the present crisis. Far from it, the Obama administrations’ bank bailouts, austerity program and wage-cutting policies have vastly expanded the prevalence of social inequality.
JOBS – WORST UNDER OBAMA SINCE DEPRESSION!

more at this link – post on your Facebook and email broadcast

http://mexicanoccupation.blogspot.com/2013/08/two-thirds-of-all-jobs-under-obama-go.html


DURING OBAMA’S FIRST TERM 2/3s OF ALL JOBS WENT TO IMMIGRANTS, BOTH LEGAL AND ILLEGAL. FEDERAL WORKPLACE ENFORCEMENT of LAWS PROHIBITING THE EMPLOYMENT of ILLEGALS PLUMMETED 70%... AND OBAMA - HOLDER SABOTAGED E-VERIFY EVERYWHERE THEY COULD TO EASE MORE LA RAZA INTO OUR JOBS!

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THE OBAMA DEPRESSION: President Barack Obama's endless war on the American people


HE IS ONE OF THE MOST CORRUPT AND INCOMPETENT CON-JOBS TO OPERATE OUT OF THE WHITE HOUSE. WHILE HIS  CRIMINAL BANKSTER DONORS LOOTED, HE SABOTAGED OUR BORDERS TO EASE MORE ILLEGALS INTO OUR JOBS AND VOTING BOOTHS. THEN HE RETURNED TO HIS ASSAULT ON THE AMERICAN WORKER!

more at this link – post on your Facebook and email broadcast

Income inequality grows four times faster under Obama than Bush


The study noted that, in the aftermath of the Great Depression, the US undertook policies “during the New Deal [that] permanently reduced income concentration until the 1970s.” In contrast, the study noted a striking absence of any measures to reign in social inequality in the present crisis. Far from it, the Obama administrations’ bank bailouts, austerity program and wage-cutting policies have vastly expanded the prevalence of social inequality.

SOARING POVERTY IN AMERICA - THE ASSAULT BY BARACK OBAMA ON THE AMERICAN MIDDLE CLASS


OBAMA’S ASSAULT on AMERICA – THE OBAMA DEPRESSION AS HIS BANKSTERS GET RICHER BY THE DAY AND ILLEGALS GET OUR JOBS!

HE IS ONE OF THE MOST CORRUPT AND INCOMPETENT CON-JOBS TO OPERATE OUT OF THE WHITE HOUSE. WHILE HIS  CRIMINAL BANKSTER DONORS LOOTED, HE SABOTAGED OUR BORDERS TO EASE MORE ILLEGALS INTO OUR JOBS AND VOTING BOOTHS. THEN HE RETURNED TO HIS ASSAULT ON THE AMERICAN WORKER!

more at this link – post on your Facebook and email broadcast

Income inequality grows four times faster under Obama than Bush
more at this link – post on your Facebook and email broadcast

The study noted that, in the aftermath of the Great Depression, the US undertook policies “during the New Deal [that] permanently reduced income concentration until the 1970s.” In contrast, the study noted a striking absence of any measures to reign in social inequality in the present crisis. Far from it, the Obama administrations’ bank bailouts, austerity program and wage-cutting policies have vastly expanded the prevalence of social inequality.

JOBS – WORST UNDER OBAMA SINCE DEPRESSION!

more at this link – post on your Facebook and email broadcast


http://mexicanoccupation.blogspot.com/2013/08/two-thirds-of-all-jobs-under-obama-go.html


DURING OBAMA’S FIRST TERM 2/3s OF ALL JOBS WENT TO IMMIGRANTS, BOTH LEGAL AND ILLEGAL. FEDERAL WORKPLACE ENFORCEMENT of LAWS PROHIBITING THE EMPLOYMENT of ILLEGALS PLUMMETED 70%... AND OBAMA - HOLDER SABOTAGED E-VERIFY EVERYWHERE THEY COULD TO EASE MORE LA RAZA INTO OUR JOBS!

OBAMA'S ASSAULT on the AMERICAN PEOPLE on behalf of the RICH, BANKSTER DONORS and LA RAZA ILLEGALS:


HE IS ONE OF THE MOST CORRUPT AND INCOMPETENT CON-JOBS TO OPERATE OUT OF THE WHITE HOUSE. WHILE HIS  CRIMINAL BANKSTER DONORS LOOTED, HE SABOTAGED OUR BORDERS TO EASE MORE ILLEGALS INTO OUR JOBS AND VOTING BOOTHS. THEN HE RETURNED TO HIS ASSAULT ON THE AMERICAN WORKER!
"In every aspect of domestic and international policy, Obama has continued and escalated the policies of his Republican predecessor. He has gone beyond Bush in slashing social programs, waging aggressive war, and attacking democratic rights—including officially ordering the assassination of American citizens."

THE YEAR WAS 2009…

 At the town hall in New Orleans, Obama appealed for patience. He said, “Change is hard, and big change is harder.” Is that the excuse? Now where have I heard that before? Oh, yeah. From George Bush.
 

THE STAGGERING REALITYOF OBAMANOMICS - BARACK OBAMA'S LOOTING of AMERICA FOR THE RICH and ILLEGALS

Income inequality grows four times faster under Obama than Bush

The study noted that, in the aftermath of the Great Depression, the US undertook policies “during the New Deal [that] permanently reduced income concentration until the 1970s.” In contrast, the study noted a striking absence of any measures to reign in social inequality in the present crisis. Far from it, the Obama administrations’ bank bailouts, austerity program and wage-cutting policies have vastly expanded the prevalence of social inequality.

 

By Nick Barrickman
3 September 2013

US income inequality grew four times faster in the first three years of the Obama Administration than under Bush, according to figures published Saturday in the New York Times .

The Times reached this conclusion by comparing the median wage—which measures the income of a household in the middle of the income scale—and the average wage, which tallies all income and divides it by the number of earners. As society has grown more unequal, the average wage has grown relatively more quickly, while median wages have grown more slowly, and stagnated in real terms.

This is exactly what has happened. As the newspaper reports, “From 2001 through 2008, during the George W. Bush administration,” the ratio of mean to median income “grew at 0.28 percentage point per year. From 2009 through 2011, the latest year for which the data is available, the ratio increased 1.14 percentage points annually, or roughly four times faster.”

These figures add to earlier studies showing that growth in income during the so-called economic “recovery” has gone almost exclusively to the wealthiest layers of society. A study released earlier this year, entitled “Striking it Richer: The Evolution of Top Incomes in the United States” by University of California, Berkeley economist Emmanuel Saez, shows that, since the recession was officially declared to be over in 2009, 93 percent of all income gains have gone to the top 1 percent, while the incomes of the rest of the population have remained stagnant.

According to the study, since 2010 the top 1 percent of society have seen an income growth of 11.6 percent, while the rest of the population’s incomes have grown by a dismal 0.2 percent.

Similarly, though the uppermost layers of society saw a bigger hit to their incomes in the immediate aftermath of the financial collapse, their share of income growth returned to an all-time high in the following years, with the top 10 percent of society claiming nearly half of all income in 2010.

The study noted that, in the aftermath of the Great Depression, the US undertook policies “during the New Deal [that] permanently reduced income concentration until the 1970s.” In contrast, the study noted a striking absence of any measures to reign in social inequality in the present crisis. Far from it, the Obama administrations’ bank bailouts, austerity program and wage-cutting policies have vastly expanded the prevalence of social inequality.

Last month the Census Bureau noted a significant growth in the percentage of households in the US which have at least one unemployed family member. The report, entitled America’s Families and Living Arrangements: 2012, found that from 2005 to 2011, the number of households with children under 18 where at least one parent was unemployed rose from 2.4 million to 3.2 million. In some states, the increase was much higher. Nevada had a 148 percent increase in families affected by unemployment, Hawaii had a 95 percent increase, and California had a 61 percent increase.

The report also noted that the number of households with children that owned their own homes plunged by 15 percent during the same time period.

There was also a significant increase in the number of young people living with their parents, resulting from a fall in incomes and reduced job prospects. The percent of men aged 25 to 34 living in their parents’ homes increased from 13 percent in the early 2000s to 17 percent in 2012. The report also noted that food stamp usage by children of married parents nearly tripled—from 4 percent to 11 percent—since 2002.

The so-called economic “recovery” has led to falling wages, speedups and increasingly casualized labor. The jobs which have accounted for the majority of employment since the end of the recession have been composed mainly of part-time and low-paying service industry work.

According to data from the Bureau of Labor Statistics, in the period from June to July of this year, over 148,000 full-time jobs were eliminated, while in their place over 534,000 part-time positions were added.

Last year the National Employment Law Project released a report finding that 60 percent of all positions added to payrolls since 2008 have been classified as “low-wage,” paying between $7.69 and $13.83 per hour. Likewise, “middle-income jobs,” those accounting for the majority of positions lost during the financial crisis, have made up barely 20 percent of jobs added during the “recovery.”

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OBAMA’S CRONY CAPITALISM – A NATION RULED BY CRIMINAL WALL STREET BANKSTERS AND OBAMA DONORS


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

by Michelle Malkin

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.


THE BANKSTERS’ LOOTING of DETROIT… THEIR LOOTING OF AMERICA AND OBAMA IS LEADING WALL STREET’S GANG RAPE of A PILLAGED NATION!

BARACK OBAMA, LA RAZA FASCISM and the CULTURE of DEM CORRUPTION

They Destroyed Our Country

“They knew Obama was an unqualified crook; yet they promoted him. They knew Obama was a train wreck waiting to happen; yet they made him president, to the great injury of America and the world. They understood he was only a figurehead, an egomaniac, and a liar; yet they made him king, doing great harm to our republic (perhaps irreparable.)”

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http://mexicanoccupation.blogspot.com/2013/06/the-democrat-party-party-for-illegals.html

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THE OBAMA DOCTRINE: No Legal Need Apply!

JUDICIAL WATCH on OBAMA’S SABOTAGE of HOMELAND SECURITY

“This appears to be part of the Obama Administration’s bigger plan to blow off Congress by using its executive powers to grant illegal immigrants backdoor amnesty.”


Zogby: Obama is on the verge of failure


JUNE 21, 2013

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Pollster John Zogby reports in our weekly White House report card that dithering in the White House has President Obama losing control of his agenda and administration. 

…no president in American history has filled his pockets with more criminal bankster money than Barack Obama!

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In this way, the financial elite intends to divert an estimated $1.4 trillion in unfunded pension money owed to retired workers to pay off the big banks and hedge funds that control the municipal bond and derivatives market...AND IT IS HAPPENING ALL OVER THE NATION!

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THE OBAMA and WALL STREET ASSAULT ON AMERICA… YOUR CITY IS NEXT!

This report is another example of the obscene concentration of wealth in America that has raised inequality to a level not seen in more than a century. Wages for workers in the United States are at their lowest level since the 1950s.

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OBAMA’S CRONY CAPITALISM – HOW HE LOOTED AMERICAN ON BEHALF OF HIS LOOTING WALL STREET CONTRIBUTORS


Crony Capitalism Protects Wrongdoers, Harms Consumers, and Disrupts Markets

May 9, 2013

 


Thanks to a renewed interest in the works of Ayn Rand and high-profile figures like John Stossel, Glenn Beck, and Rand Paul, libertarianism is enjoying a moment in the political sun. And just like America's two major parties, libertarians can often be blind to faulty logic and flaws within their own ideology. Timothy P. Carney recently wrote a piece for The Atlantic discussing this very problem:

"Voters despise government officials who get in bed with corporations. But what about corporations who cozy up to government? Are companies who use cronyism to grow their profit acting unethically?

The question makes some free-marketeers uneasy. After all, we not only tolerate the fierce pursuit of profit, but also we defend it against taxes and heavy-handed regulation. Milton Friedman famously said, 'The social responsibility of business is to increase its profits.'

But in the age of crony capitalism, libertarians must declare that some means of pursuing profit are immoral and call on executives to reject them. This would create a positive case for capitalism – arguing that the pursuit of profit, in the context of fair and open competition, helps the whole society. The new corporate social responsibility, redefined for libertarians, must stand athwart crony corporatism yelling 'stop.'"

Lest his readers underestimate the influence and scope of crony capitalism, Carney provides a thumbnail sketch of the practice in action over the last decade. Seeing our government's extensive network of corporate welfare laid out in black and white is sobering, to say the least:

"The 2005 and 2007 energy bills required drivers to buy ethanol, created a government loan-guarantee program for private sector green-energy projects, and effectively outlawed the traditional incandescent light bulb. . . . Then, 2008 saw an avalanche of corporate bailouts: Bear Stearns, AIG, Fannie Mae and Freddie Mac. Then the TARP bailed out all of Wall Street, and later General Motors and Chrysler.

Obama came to power in 2009 and signed an $800 billion stimulus bill supported by the Chamber of Commerce and loaded with goodies for the likes of Google and Solyndra. Obama pushed cap-and-trade with the support of the U.S. Climate Action Partnership, a corporate coalition led by GE, which had set up a business to create and trade greenhouse-gas credits.

In June 2009, Obama signed the Family Smoking Prevention and Tobacco Control Act, a regulatory measure that Philip Morris supported and reportedly helped write. ... The drug lobby wrote significant parts of Obamacare, and the hospital lobby liked the bill enough to file an amicus curiae brief with the Court defending the law from its challenge by states and the small business lobby.

Boeing and the Chamber of Commerce launched a full-court lobbying push in 2011 to save and expand the Export-Import Bank, the government agency Obama loves using to subsidize U.S. Exports – including lots of Boeing jets. In a lesser-known case of regulatory profiteering, Obama hired H&R Block's CEO to a top position at the IRS, where he crafted new regulations on tax preparers – rules which H&R Block supported and small tax preparers sued to overturn."

Regardless of where your political sympathies lie, it's undeniable that there is an unhealthy and unholy alliance between well-heeled special interests and politicians and policymakers. It's all well and good to embrace Ms. Rand's philosophy of self-seeking individualism in theory, but when this mentality insinuates itself into the markets unchecked by moral and ethical principles, the results are antithetical to freedom and fairness.

Basically, the special interests invest in political campaigns as a cost of doing business, and they expect a handsome return on their investments. As Mr. Carney explains, that usually comes in the form of pet legislation, subsidies, tax breaks, limitations on liability, preferential treatment . . . the list goes on and on. Of course, politicians are only too happy to accommodate these special interests in exchange for political contributions that help cement and perpetuate their power.

As a result, the free market is stymied; it can't do what it's designed by nature to do, which is to sift good companies from bad ones, reward efficiency and innovation, and empower consumers with authentic choice in the marketplace. In effect, crony capitalism is a form of central planning, something that libertarians and conservatives historically eschew.

The lack of accountability of the cronies is particularly damaging.  Defenders of free-market capitalism generally maintain that accountability and responsibility must run hand in hand in order for markets to operate effectively. If wrongdoers are not held accountable, their wrongdoing will multiply and the whole system will be corrupted. Unfortunately, many free-market apologists in the political arena are only too ready to offer a double standard to their corporate benefactors.

Consequently, we wind up with the excesses that characterized firms like AIG, Fannie Mae, and Enron; we end up with lives lost due to malfeasance at the hands of mining companies and peanut companies, from drugs that cause injury and death and products that explode or fail and cause harm.

We have an epidemic of malpractice and abuse and neglect in nursing homes because wrongdoers aren't held fully accountable. All of this is a direct result of corporations taking shortcuts and playing Russian roulette with consumer safety because they know they will be shielded from accountability if something goes wrong.

As Madison said, "If men were angels, government wouldn't be necessary." Well, they aren't, and we do. The world "regulation" is an anathema to free-market apologists, but it shouldn't be. Proper government regulation and consumer protections are essential to ensure an ethical marketplace.

The fewer regulations we have, the more consumer protection mechanisms we need, and vice versa. This is precisely the purpose of America's civil justice system. It is wrong for corporations to lobby for fewer regulations while simultaneously perverting policy so that they are insulated from accountability in the civil justice arena when they err. When this is allowed to happen, corporate America runs amok and consumers are harmed.

Mr. Carney is correct when he says that the case for capitalism must rest on the willingness of free-marketeers to demand ethical conduct from corporations and politicians alike. Our current economic and political problems aren't just the fault of President Obama, or Nancy Pelosi or any other big government bogey.

The sooner libertarians and conservatives alike recognize this, the sooner we can get our economy and our government back on the right track, and given the enormity of the challenges facing us over the next several decades, this can't happen soon enough.

OBAMA and his culture of BANKSTER LOOTING of America.

Is Penny Pritzker Obama’s newest BANKSTER?

Obama warns against “cynicism” at Ohio State commencement address


do a google of Obama’s BIG BANKSTER DONORS and you will find a list of the banks that have looted this nation, yet found a place in the corrupt Obama administration!

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OBAMA’S BILLIONAIRE NOMINEE FOR COMMERCE, PENNY PRITZKER… BILLION$$$$ MADE OFF HIRING CHEAP ILLEGAL LABOR??? show me even one dem billionaire that does not push for obama’s agenda of OPEN BORDERS, NO E-VERIFY and NO ENFORCEMENT of LAWS PROHIBITING THE EMPLOYMENT of ILLEGALS…even one!


Based in Chicago, Pritzker operates an international empire based on low-wage service work in Hyatt-operated hotels and nursing

PART OF OBAMA’S CRONISM IS OPEN BORDERS, NO E-VERIFY AND NO JOBS FOR LEGALS. EXACTLY THE SAME POLICIES THE U.S. CHAMBER of COMMERCE FOLLOWS. IT’S ALL ABOUT KEEPING WAGES DEPRESSED FOR HIS CRONIES!

THE MEXICAN OCCUPTION DEPRESSES WAGES FOR AMERICANS $300 TO $400 BILLION PER YEAR. PARTICULARLY HIT ARE BLACK AMERICANS.

The OBAMA – McCAIN Amnesty Promises NO E-VERIFY enforcement to Employers and NO BORDER enforcement to LA RAZA invaders.

…isn’t that what we already have going ????

Dream Act proposals are also a magnet for fraud. Many illegal immigrants will fraudulently claim they came here as children or that they are under 30. And the federal government has no way to check whether their claims are true or not.  REP. LAMAR SMITH


"It lets businesses that knowingly violated the law off the hook," Mr. Krikorian said. "If they were not withholding payroll taxes, they’re held harmless. If they were violating labor laws, they’re held harmless. So this is a boon for crooked business."… MARK KRIKORIAN

“Another force for amnesty is corporate America. Thousands of businesses have hired illegals in violation of U.S. law. Amnesty for their illegal workers means, de facto, amnesty for them”… PAT BUCHANAN
 
THE REALITY OF OBAMA’S IN-SOURCING US INTO A THIRD WORLD DUMPSTER THAT WILL KEEP HIS WALL STREET PAYMASTERS HAPPY AND GENEROUS!


"Wage-cutting, speedup and the imposition of sweat shop conditions are at the heart of Obama’s strategy for doubling US exports by 2015. He has repeatedly boasted of his administration’s success in “insourcing” jobs back to the US, omitting to mention that these jobs often pay half their previous wage."

The danger, as Washington Post economics columnist Robert Samuelson argues, is that of “importing poverty” in the form of a new underclass—a permanent group of working poor.

 
Who is the real Barack Obama??? Is he only a performer addicted to photo-ops and red carpet appearances? Is he a closet Republican increasingly compared to one of America’s greatest disasters as a president, George W. Bush? Is he Mexico’s first LA RAZA SUPREMACY president?

…or simply the president for the 1%???


how do the la raza dems build their party base of illegals? no borders, no enforcement, no E-VERIFY, no legal need apply AND MUCHO DREAM ACTS of WEFLARE, OBAMACARE and now food stamps.


“The watchdogs at Judicial Watch discovered documents that reveal how the Obama administration's close coordination with the Mexican government entices Mexicans to hop over the fence and on to the American dole.” Washington Times

Barack Obama… the man that conned an entire nation and still called it “CHANGE”… but was only Bush’s 3rd & 4th terms.



THE YEAR WAS 2009…
 

At the town hall in New Orleans, Obama appealed

for patience. He said, “Change is hard, and big

change is harder.” Is that the excuse? Now where

have I heard that before? Oh, yeah. From George

Bush.


OBAMA’S WAR ON AMERICANS (LEGALS) AND OUR HOMELAND SECURITY

However, today, with President Obama so ill-intentioned toward the United States and its future, negotiations between him and with those of us who oppose him are pointless.


 
Obama’s America… the Rich Get Much Richer, Illegals Get the Jobs and Dream Acts of Welfare and the American Middle Class is Stuck With the Tax Bills for Wall Street and Mexico’s Looting.

OBAMAnomics:


CRONY KING OBAMA: CURL: The Obamas live the 1 percent life


OBAMA’S CRONY CAPITALISM: SOARING PROFITS FOR OBAM’S WALLL STREET LOOTERS! And then the jobs go to illegals!


IS OBAMA MERELY BUSH’S THIRD and FOURTH TERMS?

CRONY CAPITALISM      

Obamanomics: How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends, Corporate Lobbyists, and Union Bosses…and Muslim Dictators


OBAMA’S HAREM OF CORRUPT BANKSTERS… DO A GOOGLE FOR HOW MANY ENDED UP WORKING IN HIS ADMINISTRATION.

“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).”


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.

Congressman Ron Paul says, “Every libertarian and free-market conservative needs to read Obamanomics.” And Johan Goldberg, columnist and bestselling author says, “Obamanomics is conservative muckraking at its best and an indispensable field guide to the Obama years.”

If you’ve wondered what’s happening to America, as the federal government swallows up the financial sector, the auto industry, and healthcare, and enacts deficit exploding “stimulus packages,” this book makes it all clear—it’s a big scam. Ultimately, Obamanomics boils down to this: every time government gets bigger, somebody’s getting rich, and those somebodies are friends of Barack. This book names the names—and it will make your blood boil.


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.

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. In this explosive book, Carney reveals:

* The Great Health Care Scam—Obama’s backroom deals with drug companies spell corporate profits and more government control
* The Global Warming Hoax—Obama has bought off industries with a pork-filled bill that will drain your wallet for Al Gore’s agenda
* Obama and Wall Street—“Change” means more bailouts and a heavy Goldman Sachs presence in the West Wing (including Rahm Emanuel)
* Stimulating K Street—The largest spending bill in history gave pork to the well-connected and created a feeding frenzy for lobbyists
* How the GOP needs to change its tune—drastically—to battle Obamanomics

If you’ve wondered what’s happening to our country, as the federal government swallows up the financial sector, the auto industry, and healthcare, and enacts deficit exploding “stimulus packages” that create make-work government jobs, this book makes it all clear—it’s a big scam. Ultimately, Obamanomics boils down to this: every time government gets bigger, somebody’s getting rich, and those somebodies are friends of Barack. This book names the names—and it will make your blood boil.

*
Praise for Obamanomics

“The notion that ‘big business’ is on the side of the free market is one of progressivism’s most valuable myths. It allows them to demonize corporations by day and get in bed with them by night. Obamanomics is conservative muckraking at its best. It reveals how President Obama is exploiting the big business mythology to undermine the free market and stick it to entrepreneurs, taxpayers, and consumers. It’s an indispensable field guide to the Obama years.”
—Jonha Goldberg, LA Times columnist and best-selling author

“‘Every time government gets bigger, somebody’s getting rich.’ With this astute observation, Tim Carney begins his task of laying bare the Obama administration’s corporatist governing strategy, hidden behind the president’s populist veneer. This meticulously researched book is a must-read for anyone who wants to understand how Washington really works.”
—David Freddoso, best-selling author of The Case Against Barack Obama

“Every libertarian and free-market conservative who still believes that large corporations are trusted allies in the battle for economic liberty needs to read this book, as does every well-meaning liberal who believes that expansions of the welfare-regulatory state are done to benefit the common people.”
—Congressman Ron Paul

“It’s understandable for critics to condemn President Obama for his ‘socialism.’ But as Tim Carney shows, the real situation is at once more subtle and more sinister. Obamanomics favors big business while disproportionately punishing everyone else. So-called progressives are too clueless to notice, as usual, which is why we have Tim Carney and this book.”
—Thomas E. Woods, Jr., best-selling author of Meltdown and The Politically Incorrect Guideto American History

*

·         Hardcover: 256 pages

·         Publisher: Regnery Press (November 30, 2009)

·         Language: English

·         ISBN-10: 1596986123

·         ISBN-13: 978-1596986121

 
The Obamas’ new home has received a lot of attention in the corporate media and on the blogs. This post will discuss other perspectives.

Hyde Park, where the Obamas have lived since 1994, is home to the University of Chicago (UC) Law School and at least one of UC’s hospitals. Leo Struass taught in the university’s Committee on Social Thought. The Federalist Society was born at UC, and it is the alma mater of many Neo Cons, including Supreme Court Justice Antonin Scalia.

Kenwood, where the Obamas’ new home sits, is a small neighborhood, only 1.09 miles in area. It is bound on the south by Hyde Park, on the north by North Kenwood, and on the west by the neighborhood of Highland. Kenwood was once one of the most elite neighborhoods in all of Chicago.

This map shows the juxtaposition of the Hyde Park and Kenwood neighborhoods:

The Obamas had decided that politics was Barack’s ultimate future while still dating. In 1991, then Michelle Robinson, who was then Obama’s fiancĂ©e, left her job at the law firm of Sidley Austin Brown & Wood. She went to work for the city of Chicago, first as an assistant to Mayor Daley, then as the Executive Director of Public Allies Chicago, a nonprofit that provides leadership training to young adults interested in public service careers.

In 1996, she left the Public Allies to help create a student volunteer program at The University of Chicago. By the time of this interview, she was the Executive Director of Community Affairs for The University of Chicago Hospitals. This is how Michelle portrays her change of career:

She was devastated when her father died from MS complications. “That’s when I started analyzing my life, sitting in a firm,” she recalls, adding that in that same year she also lost one of her best friends from college to cancer. She soon left the firm to pursue a much lower-paying path in the public sector.

The fact is Michelle was actively recruited for City Hall by a close friend, Valerie Jarrett, who was Mayor Daley’s Deputy Chief of Staff at that time. Valerie later became the Finance Chair of Obama’s 2004 US Senate campaign and then First Treasurer of Barack’s political action committee, Hopefund.

It helps to have friends at City Hall. Among other positions, Michelle was appointed twice to sit on the board of the Commission of Chicago Landmarks for two consecutive terms. Michelle maintained this board seat from 1998 to March 2005, although normally a member only serves one 4 year term.

Flush from the success of Barack’s speech at the 2004 Democratic National Convention, the Obamas decided it was time to find a residence more fitting for their anticipated new status. Barack’s 1995 autobiography Dreams of My Father soared, and they knew Alan Keyes was no threat to their future success in the US Senate elections.

Sitting on the Commission of Chicago Landmarks board, Michelle knew of a permit, waiting for review and approval to sell, for a designated Historical Georgian revival home built in 1910 with four fireplaces, glass-door bookcases fashioned from Honduran mahogany, and a 1,000-bottle wine cellar owned by a doctor in Kenwood. The Commission is supported not only by donations and taxes but also by charges for permits. It’s a pretty extensive process, and they want a complete history of the house and property when a permit is requested. Once the Board approves a permit, the application goes to the city planning or zoning commission if more than a simple sale is involved.

The doctor who owned the Kenwood home wanted more than the Obamas could afford. As Barack has stated in numerous press interviews, buying the home would be a stretch. Barack contacted his patron Tony Rezko, despite knowing he was under investigation at the time, in order to see what could be done so the Obamas could afford their dream house. Sub-division was likely the agreed-on solution. In order to divide the lot, which the doctor purchased as one entity, he would have to:

– Hire an approved architect and general contractor, who had been involved in renovations and sub-divisions in Kenwood previously

– Have the lots surveyed and new plot plans drawn

– Re-start the Landmark Commission permit approval process

– Hold a public hearing (required).

On page 51 of the Commission on Landmarks Ordinances, one finds a justification for the doctor agreeing to subdividing the land.

The applicant bears the burden of proof that the existing use of the property is economically infeasible and that the sale, rental or rehabilitation of the property is not possible, resulting the property not being capable of earning any reasonable economic return.

Pages 51 and 52 of the Landmark ordinances show how many proofs and other forms of extensive documentation are required in order to subdivide the land. Can any rational person believe the doctor would have been willing to go along with having his property sub-divided, and all the work and time involved, without compensation and assistance? Who paid for this?

With Michelle sitting on the Landmarks board, Commission approval wasn’t expected to be an issue, even though I have not located notice of the Public Hearing from any of the involved boards. From there it would go to the City Planning Board and the Zoning Boards, which also require public hearings. Each of these steps average between 6 weeks and 3 months to complete.

The doctor’s property was located in what Chicago Zoning Terms refer to as Residential Single zone 1, or RS1. This means the house the Obamas bought required 6,250 sq. ft of area. Even if it had the designation lowered to RS2, it still would have required 5,000 square feet, as seen on page 5 of Chicago’s zoning ordinances. Starting on page 8, the ordinances specify setbacks and how much space must be available on each side of a building. The open space on the building’s sides normally conform to Fire Regulations, so that equipment can access all portions of a building during crises.

Public Records at the Chicago Commission on Landmarks, the Chicago Planning Department and Chicago Zoning Boards would show the exact dates of permits, hearings and approvals. Michelle was so confident she listed the Obamas’ condo, which was located on the first floor of a Hyde Park Brownstone. In October 2004, Michelle expressed surprise to a Chicago interviewer that the Condo had sold so quickly, which meant they either had to put off a closing date or write in a lease agreement for a specified amount of time in their Condo purchase contract.

2004 was a year flush with success for the Obamas: the autobiographical book sales increased; the DNC speech had been well received; Obama won his US Senate seat; and Michelle received a recent promotion to a $316,962-a-year position as Vice President at The University of Chicago Hospitals. Their income was over 1.67 million dollars, with anticipation of even greater gains ahead.

All that needed to be done, in the name of the doctor, on the Kenwood property was completed by March 2005, and the house was finally listed. Michelle Obama resigned her seat on the Chicago Commission on Landmarks at the same time. Barack and Michelle closed on their new home in June of 2005, for $1.65 million dollars, $300,000 less than the asking price, and most likely using the proceeds of their Condo for a down payment, while taking out a mortgage for $1.32 million from Northern Trust. Tony Rezko’s wife purchased the newly divided sub-plot for the full price of $625,000 and closed on the same day.

The City of Chicago requires parking permits, or people must rent space at parking garages for around $30 per diem. There is no overnight on-street parking. The Obamas had no yard to park on, and most likely parked on Rezko’s property.

Within in a month of purchasing their new home, the Obamas began the same process the doctor previously went through. Because Tony Rezko was being indicted, they needed to be distanced from him. So the Obamas hired a lawyer and an architect. Additionally, the Obama’s wanted to put up a fence separating the two properties. On page 21 of the Landmark Ordinances above, it states fences for Historic homes can be no more than 5’ high and must not be visible from the street. If the Obamas had purchased a prefab chain, picket or wooden fence, they would have lost the Historic designation and also the eight-year property tax freeze benefit accrued by agreeing to keep the house in conformance with Landmark regulations.

A picture of the front view of Obamas’ house reveals landmark and zoning requirements.

The concrete wall and evergreens were most likely done after the city appropriated land for sidewalks, and the paving of what has been noted as a wide and busy thoroughfare. If you notice, the trees were planted one to two feet behind the concrete wall, most probably a result of zoning constraints.

The new fence was specially fabricated to conform to historic standards, and the $14,000 cost was billed to Rezko per agreement by Obama and Rezko. Obama states he paid for the architect and Lawyer. Strangely enough the fence actually sits ON the property line between the two lots. Obama agreed to yard maintenance for both properties. And given Obama’s history with the Harvard Law Review and his limited known court experience from public records, Obama most likely either edited or personally wrote the legal documents for his sub-division and the fence. On January 12, 2006, the Obamas closed on the 1/6th of Rita Rezko’s property they purchased for $104,500.

Facts not specifically cited above, and much more, can be found in this Chicago Tribune article.

In all likelihood the driveway was previously on Rezko land. Behind the house is most likely an old carriage house converted into a garage. Parking on the street in that type of neighborhood is prohibited by zoning and fire safety laws, unless someone in authority had been previously notified of a large gathering.

One other event of note occurred in 2005. Daniel Mahru, Rezko’s partner in Rezmar for 16 years until the two men had, according to Mahru, “a difference of opinion,” resigned from Rezmar, Rezko’s slum landlord operation. Did Mahru leave because he knew any shady deals while Rezko was being investigated would lead to disaster?

There were lots of people involved in the purchase of the Obamas’ house, and they would all be owed some kind of consideration for their help and support. Obama’s favors from Rezko amount to $925,000, plus an additional $14,000 for the fence, bringing the total cash value to just one person to $939,000.

Will Rezko sit quietly in jail or will he bring Mayor Daley, Governor Blagojevich and Senator Obama down with him?

How will Obama repay the “favors” he owes all these people?

I am sure Patrick Fitzgerald will reveal all these connections and much more in Rezko’s upcoming trial at the end of this month.

 

OBAMA IS NOTHING BUT BUSH’S THIRD CORRUPT TERM! 

In every aspect of domestic and international policy, Obama has continued and escalated the policies of his Republican predecessor. He has gone beyond Bush in slashing social programs, waging aggressive war, and attacking democratic rights—including officially ordering the assassination of American citizens.

 Obama plays the populist card

8 December 2011

In what was billed by the White House as a major speech on the economy, President Barack Obama on Tuesday combined a potted review of American history with half-truths and lies in an attempt to present himself as a fighter for social equality and critic of Wall Street.

Obama, who has spent nearly three years in the White House single-mindedly defending the interests of the financial elite, has in recent weeks adopted this populist persona with the aim of derailing the emergence of social protest, in the form of the Occupy Wall Street protests, and seeking to channel it behind his reelection campaign.

Typical of such carefully staged events, the site of Obama’s remarks—Osawatomie, Kansas, where Theodore Roosevelt gave his 1910 “New Nationalism” speech—was chosen for its symbolism. By wrapping himself in the mantle of Roosevelt’s Progressive Era reform agenda, Obama hoped to lend credibility to his improbable pose as a man of the people and opponent of the moneyed interests.

The speech was notable only for its unbridled cynicism. As always, Obama proceeded from the premise that the American people are infinitely gullible and suffer from collective amnesia with regard to the record of his administration.

Reviewing the events that led to the financial crash of 2008, Obama declared: “We all know the story by now: Mortgages sold to people who couldn’t afford them, or even sometimes understand them. Banks and investors allowed to keep packaging the risk and selling it off. Huge bets—and huge bonuses—made with other people’s money on the line. Regulators who were supposed to warn us about the dangers of all this, but looked the other way or didn’t have the authority to look at all…

“It combined the breathtaking greed of a few with irresponsibility all across the system. And it plunged our economy and the world into a crisis from which we’re still fighting to recover. It claimed the jobs and the homes and the basic security of millions of people—innocent, hardworking Americans who had met their responsibilities but were still left holding the bag.”

This is a fair description of what amounts to a criminal conspiracy against the people of the United States and the world, carried out by a financial oligarchy that exerts absolute power over the political system. A bit further on Obama declared his commitment to a country where “everyone plays by the same rules.”

Yet under his watch, not a single banker, hedge fund manager or financial regulator has been prosecuted, let alone convicted. On the contrary, the president has handed them the keys to the national treasury and tailored his policies to enable them to continue their speculative activities and make more money than ever.

The fury of the state has been reserved for those who have sought to protest against the plundering of society by the financial elite and the resulting growth of poverty, unemployment and inequality. They, for the most part student youth, have been assaulted by baton-wielding police in riot gear, packing rubber bullets and using pepper spray. The protesters have been arrested in the thousands. Obama, with his silence, has signaled his support for these attacks, carried out for the most part by Democratic mayors.

Obama strained to present his policies as diametrically opposed to those of the Republicans. After the worst economic crisis in eighty years, he said, the Republicans “want to return to the same practices that got us into this mess.”

This from a president who has made “bipartisanship” the watchword of his administration and done his best to restore credibility to the Republicans after they were repudiated in the 2008 election that brought him to power.

In every aspect of domestic and international policy, Obama has continued and escalated the policies of his Republican predecessor. He has gone beyond Bush in slashing social programs, waging aggressive war, and attacking democratic rights—including officially ordering the assassination of American citizens.

After attributing the entire blame for the deregulation of big business and the growth of inequality to the Republicans, ignoring the fact that these processes proceeded apace under Democratic as well as Republican administrations, Obama declared that his solution began with “making education a national mission.”

This is yet another example of shameless hypocrisy from a president who has adopted the education program that was previously the province of the Republican right, and spearheaded an unprecedented assault on the jobs and conditions of teachers and the very principle of public education.

Lodged within the fog of populist phrase-mongering were code words inserted in the speech—verbal winks and nods—to reassure Wall Street: “the free market is the greatest force for economic progress in human history… It’s not a view that says we should punish profit or success… business, and not government, will always be the primary generator of good jobs… This isn’t about class warfare.”

With tens of millions out of work and new reports each week detailing record levels of poverty and inequality, Obama declared that capitalism has “led to a prosperity and a standard of living unmatched by the rest of the world.”

His invocation of Theodore Roosevelt was preposterous on two counts. First, Obama is not proposing the slightest measures to address social inequality, unlike Roosevelt, who, under conditions of emerging class battles and the growth of the socialist movement, advanced a significant bourgeois reform policy, including a progressive taxation system, unemployment compensation, and laws to restrict child labor and establish minimum wages.

Second, Obama falsifies history. These reforms were not showered on the people by benevolent presidents or bosses, they were extracted from the ruling class through mass struggles, involving millions of workers in sit-down strikes and general strikes that rocked entire cities and defied the murderous violence of the employers and the state.

In his 1910 speech, Roosevelt warned, “If the reactionary man, who thinks of nothing but the rights of property, could have his way, he would bring about a revolution.” Over the next half century, the American ruling class was forced, kicking and screaming, to adopt measures that lessened social inequality precisely to avoid revolution.

As is now clear, those concessions to the working class were not permanent. Precisely the failure of the labor movement, due to the treachery and pro-capitalist orientation of the trade union bureaucracy, to break from the Democratic Party and build an independent socialist movement disarmed the working class and allowed the ruling class to wage a counteroffensive.

Obama and the entire bourgeoisie are now seeking to utilize the economic crisis to repeal the 20th century and destroy all of social gains of the working class.

For all his pseudo-populist bluster and his invocation of an earlier period of progressive reform, Obama could offer no serious measures to address the social crisis. His only concrete proposal was passage of an extension of his payroll tax deduction—a measure that is striking only for its hopeless inadequacy. It is fundamentally reactionary to boot, since it will allow corporations to reduce their Social Security taxes, thereby draining the government benefit fund for seniors.

The president’s central focus is to join with the Republicans in shredding what remains of the social safety net. “To reduce our deficit,” he boasted, “I’ve already signed nearly $1 trillion of spending cuts into law and I’ve proposed trillions more, including reforms that would lower the cost of Medicare and Medicaid.”

We will leave it to the professional apologists for the Democratic Party, from the New York Times to the affluent upper-middle class types who occupy the offices of the Nation, the AFL-CIO trade union apparatus and various pseudo-left groups to try to paint in “progressive” colors what has turned out to be the most right-wing administration in modern American history.

For our part, the Socialist Equality Party in the US will do everything in its power to expose those trying to hoodwink the working class with identity politics and the hoary myth of the “lesser evilism.” The fight for social equality means the fight for socialism and the independent political mobilization of the working class to take political power in its own hands.

Jerry White
 

“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).”
 
Government of, by, and for the banks

25 May 2013

Five years since the 2008 financial meltdown, the speculation and fraud that caused the crash are back in full force in the United States. Flush with the $85 billion in cash printed up and handed to the banks every month by the Federal Reserve, business at the Wall Street casino is booming. Stock values are at record levels and so are bank profits, amidst declining wages and mass poverty.


Under these conditions, the banks have been pushing to rip up even the very modest restrictions on financial speculation, while broadening the scope of government bailout laws. The aim is simple: to give banks the maximum ability to speculate without constraint, while getting the maximum possible government assistance if and when the bubble collapses.

So close is the bankers’ grip on the reins of government that, no longer content to let their bought-and-paid-for politicians write laws, the banks have taken to doing the work themselves.

This was the case with a bill that passed the House Financial Services Committee this month, HR 992, which significantly expands the number of financial institutions eligible for coverage by the Federal Deposit Insurance Corporation (FDIC). The bill, which passed with majority support by both Democrats and Republicans, amends an earlier law that prevented financial institutions that trade swaps—a set of dangerous and largely unregulated derivatives—from coverage by the FDIC.

The New York Times reported Friday that, according to emails the newspaper examined, 70 out of the bill’s 85 lines were based on the recommendations of Citigroup, one of the largest US banks. Two paragraphs were inserted nearly word-for-word from an email written to lawmakers by the bank.

The bill restricts provisions in the Dodd–Frank Wall Street Reform and Consumer Protection Act, signed on July 21, 2010. This law was largely a publicity measure by the Obama administration, made to appear as a crackdown on financial speculation while in reality allowing the banks to go on with business as usual.

Instead of creating regulations, the Dodd-Frank bill merely mandated that a series of regulations be implemented at some point in the future by regulators. Nearly three years after the bill’s passage, the vast majority of these regulations have not been implemented.

Out of 135 bank regulatory rules mandated by the Dodd-Frank bill, only 40 have been put into effect. The act’s much-vaunted mandate for the creation of a “Volcker rule,” preventing deposit-taking institutions from carrying out financial speculation, remains a dead letter.

Moreover, many of the provisions of the Dodd-Frank bill, toothless as they were, are being scaled back by subsequent acts of Congress, such as HR 992, described above.

Even those regulations that have been implemented have been even further weakened by regulators to comply with the demands of the banks. Last week, the Commodity Futures Trading Commission voted to implement regulations on derivatives—speculative financial products based on other asset values—that were significantly weakened from those that were proposed under Dodd-Frank.

The Commission had initially proposed that the purchasers of derivatives be required to contact five banks when seeking to set the price of a contract. Under the new law, purchasers are only required to contact two banks, further tightening the monopoly of a handful of institutions that dominate the largely unregulated multitrillion-dollar derivatives market.

The bill likewise originally proposed that derivatives be traded on electronic exchanges similar to stock markets, so that buyers would have a better understanding of prices across the market, making price gouging by issuers more difficult. But the final rules allow for much of derivatives trading to take place over the phone, making it nearly impossible to regulate.

“I’m not here to punish banks!” Barack Obama – State of the Union – NOW MOST OF THESE CRIMINAL BANKSTERS WORK IN THE OBAMA ADMINISTRAITON NOW!

Despite a mountain of evidence—including a voluminous 2011 report by the Senate Permanent Subcommittee on Investigations—that the 2008 financial crash was directly linked to rampant lawbreaking by Wall Street, not a single executive at a major bank has been criminally prosecuted, much less gone to jail.

The Wall Street giants emerged from the financial crisis larger and more powerful than ever, and, as shown by government inquiries into JPMorgan’s $6 billion trading loss last year, their activities are just as speculative and parasitic as before the crash.

These factors, combined with the vast amounts of money being pumped into the financial markets by central banks make a new financial crash all but inevitable.

Throughout all this, the role of the government has been to cover up and facilitate the banks’ crimes, seeking to create the appearance of regulation, while allowing Wall Street to operate with impunity.

The main nexus between the banks and government is the Obama administration itself, which, with every new appointment, becomes ever more a government of, by, and for the financial oligarchy.

NOW MOST OF THESE CRIMINAL BANKSTERS WORK IN THE OBAMA ADMINISTRAITON NOW!

In January Obama appointed as treasury secretary Jacob Lew, who earned millions of dollars as the chief operating officer of Citigroup’s Alternative Investments unit, which made bets against the housing market as it collapsed.

NOW MOST OF THESE CRIMINAL BANKSTERS WORK IN THE OBAMA ADMINISTRAITON NOW!

This month Obama appointed Penny Pritzker, a hotel heiress and private equity firm operator, as commerce secretary. With a net worth of $1.85 billion, Pritzker is the wealthiest person in US history to serve in the president’s cabinet.

These developments demonstrate the impossibility of reining in the financial criminals within the confines of the present political system. The government and both parties serve as little more than errand boys for the bankers, who exercise a dictatorship over political life in the United States.

Andre Damon

OBAMANOMICS: BANK PROFITS and CRIMES SOAR UNDER OBAMA… so do foreclosures!

FORECLOSED ON AMERICA: HOW BARACK OBAMA and HIS CRIMINAL BANKSTERS LOOTED A NATION AND THEN PROFITEERED OFF THEIR CRIMES


Sen. Feinstein's Husband Cashes In on Crisis Ethical? Ethnics never enter into a deal Feinstein is pushing in Congress! FEINSTEIN IS A MAJOR OBAMA DONOR. SHE MAKES SIGNIFICATN "CONTRIBUTIONS" TO DEMS ALL OVER THE NATION SO THEY KEEP THEIR MOUTH SHUT ABOUT HER LOOTING OFF ELECTED OFFICE.


On the day the new Congress convened this year, Sen. Dianne Feinstein introduced legislation to route $25 billion in taxpayer money to a government agency that had just awarded her husband's real estate firm a lucrative contract to sell foreclosed properties at compensation rates higher than the industry norms, the Washington Times reported on Tuesday.

Mrs. Feinstein's intervention on behalf of the Federal Deposit Insurance Corp. was unusual: the California Democrat isn't a member of the Senate Committee on Banking, Housing and Urban Affairs with jurisdiction over FDIC; and the agency is supposed to operate from money it raises from bank-paid insurance payments - not direct federal dollars.

 

unfortunately this is only one of the many “DEALS” Feinstein and her husband, Richard C. Blum have looted off of.

 
TWO OF FEINSTEIN’S BIGGEST DONORS ARE CRIMINAL BANKSTERS WELLS FARGO and BANK of AMERICA. SHE FRONTS FOR THESE BANKS IN THE SENATE LIKE SHE DOES RED CHINA! BOTH BANKS ARE AT THE TOP OF THE LIST FOR THE FORECLOSURE DEBACLE THEY ARE NOW PROFITEERING FROM.

 


 
OBAMAnomics: Soaring Profits for Wall Street, Soaring Crimes of Bankster Donors, Soaring Foreclosures and Soaring Unemployment for Americans (Legals)…. STILL CALLING IT “CHANGE”???


OBAMA, THE BANKSTER OWNED LA RAZA DEM

“The response of the administration was to rush to the defense of the banks. Even before coming to power, Obama expressed his unconditional support for the bailouts, which he subsequently expanded. He assembled an administration dominated by the interests of finance capital, symbolized by economic adviser Lawrence Summers and Treasury Secretary Timothy Geithner.”

*

CRONY CAPITALISM… predicated on keeping wages depressed to third world levels for his billionaire donors!  

Obamanomics: How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends, Corporate Lobbyists, and Union Bosses…and Muslim Dictators


OBAMA’S HAREM OF CORRUPT BANKSTERS… DO A GOOGLE FOR HOW MANY ENDED UP WORKING IN HIS ADMINISTRATION.

“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).”