Sunday, September 8, 2013

JEFF SESSIONS STANDS UP FOR AMERICANS (Legals) WHILE OBAMA HISPANDERS FOR LA RAZA! Sessions: Immigration plan bad for U.S. workers - ALIPAC

Sessions: Immigration plan bad for U.S. workers - ALIPAC



 “What's needed to discourage illegal immigration into the United States has been known for years: Enforce existing law.” ...CHRISTIAN SCIENCE MONITOR

 

… BUT OBAMA HAS PROMISED LA RAZA BLANKET AMNESTY or CONTINUED NON-ENFORCEMENT!

Heather Mac Donald: White House doesn't want to enforce immigration

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TOP – THE INVASION UNDERWAY
“WE WILL TAKE CONTROL OF OUR COUNTRY (U.S.) BY VOTE IF POSSIBLE AND VIOLENCE IF NECESSARY!”

MORE LA RAZA MEXICAN RAPE! Justice denied: Illegal alien will not stand trial for raping 3-year-old girl - ALIPAC

Justice denied: Illegal alien will not stand trial for raping 3-year-old girl - ALIPAC

MEXICAN THUG RAPIST SHERIFF JOSE RIGABERTO SANCHEZ…. ANOTHER LA RAZA RAPIST!

HEY, JOSE RIGABERTO SANCHEZ IS A MEXICAN! WHAT DID THEY EXPECT???
 

PALMDALE (CBSLA.com) — A Los Angeles County sheriff’s deputy was arrested Monday on suspicion of rape and soliciting bribes, among other crimes, according to authorities.

Jose Rigaberto Sanchez, 28, a seven-year veteran of the force, was taken into custody at his home around 5:30 p.m. on 11 felony counts, including sexual penetration under the color of authority, rape under fear or duress, and soliciting a bribe from alleged victims. He’s being held on $1.4 million bail.

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TEXAS – UNDER LA RAZA OCCUPATION.

A DOZEN MEXICAN ILLEGALS GANG RAPE A 13 YEAR OLD CHILD FOR HOURS.

THESE ARE THE ANIMALS THAT JUMP OUR BORDERS TO LOOT OUR JOBS, WELFARE AND VOTE DEM!
                                         

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WHITTIER - MEX-INFESTED MEXIFORNIA

MEXICANS ARE THE MOST FOUL, VIOLENT AND RACIST CULTURES IN THE WESTERN HEMISPHERE. THEIR OWN COUNTRY IS A DUMPSTER OF CRIME AND THEY  ARE TURNING AMERICA INTO A MEX LA RAZA LOOTED WELFARE and GANG STATE!

THANKS TO THE DEMOCRAT PARTY!


Gang member laughs at victim's wife before being sentenced to death for Pico Rivera triple murder

http://www.whittierdailynews.com/news/ci_23652501/gang-member-laughs-at-victims-wife-before-being

listen, stupid gringo... if you think you're safe in your own home, MEX-INFESTED PHOENIX, GATEWAY FOR THE MEX CARTELS, IS CAPITAL OF MEX HOME INVASION AND RANKS NEXT TO MEXICO CITY FOR LA RAZA KIDNAPPING!!

RAPE!

IT'S A LA RAZA MEXICAN’S SPORT!

ILLEGAL Sergio Perez, age 19 and an Obama voter raped a 93 year-old woman in her home!

EVERY DAY THERE ARE 12 AMERICANS MURDERED & 8 CHILDREN MOLESTED BY MEXICANS!


SERGIO PEREZ IS SOOOOO GLAD HE JUMPED OUR BORDERS. HE HAS A JOB AND PROBABLY IMPREGNATED FIVE LA RAZA ANCHOR BABY BREEDERS  = 18 YEARS FOR EACH NEW ANCHOR DEM!

VIVA LA RAZA? VOTE DEM AND PUSH 2 FOR ENGLISH!!!


ANOTHER LA RAZA RAPE

TEXAS – UNDER LA RAZA OCCUPATION.

A DOZEN MEXICAN ILLEGALS GANG RAPE A 13 YEAR OLD CHILD FOR HOURS.

THESE ARE THE ANIMALS THAT JUMP OUR BORDERS TO LOOT OUR JOBS, WELFARE AND VOTE DEM!

                                                                                               

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ACCORDING TO CA ATTORNEY GEN
KAMALA HARRIS, NEARLY HALF OF ALL
MURDERS IN CA ARE NOW BY MEXICAN
GANGS.


                              

206 Most wanted criminals in Los Angeles. Out of 206 criminals--183 are hispanic---171 of those are wanted for Murder.

*
Why do Americans still protect the illegals??

http://www.dailybreeze.com/ci_11255121?appSession=934140935651450&RecordID=&PageID=2&PrevPageID=&cpipage=1&CPISortType=&CPIorderBy=

20% OF MEXICO'S PEOPLE HAVE INVADED AND ARE LOOTING AMERICA - Tom Tancredo: WHY MEXICO EXPORTS ITS PEOPLE - ALIPAC

Tom Tancredo: WHY MEXICO EXPORTS ITS PEOPLE - ALIPAC



THE ENTIRE REASON THE BORDERS ARE LEFT OPEN IS TO CUT WAGES!  

http://mexicanoccupation.blogspot.com/2012/03/assualt-on-american-worker-joe-legal-vs.html

 

"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." REP. LAMAR SMITH – OUR NEXT PRESIDENT!

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% DURING HISPANDERING OBAMA’S FIRST TERM… and are expected to be nonexistent during his second.

Obama and Justice Sotomayor (A LA RAZA PARTY MEMBER) Vow to Illegals to SABOTAGE E-verify!

VIVA LA RAZA SUPREMACY?


EMPLOYERS SAY NO TO HIRING AMERICANS… THE COST OF OBAMACARE IS CHEAPER WHEN THEY HIRE MORE ILLEGALS USING STOLEN SOCIAL SECURITY NUMBERS!

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http://mexicanoccupation.blogspot.com/2013/08/obamas-la-raza-mexican-economy-for-wall.html

LA RAZA SUPREMACY Under Obama: Job Growth 52% Greater for Foreign-Born Workers - ALIPAC

Under Obama: Job Growth 52% Greater for Foreign-Born Workers - ALIPAC


STAGNANT WAGES

OBAMA SERVES THE 1%, HIS CRIMINAL BANKSTER DONORS and THE MEXICAN FASCIST PARTY of LA RAZA… ILLEGAL VOTERS!


FOR AMERICANS IT’S ONLY MORE LOOTING BY THE CON HE CALLED “CHANGE”.

http://mexicanoccupation.blogspot.com/2013/09/obamanomics-serving-1-criminal-bankster.html



THE ENTIRE REASON THE BORDERS ARE LEFT OPEN IS TO CUT WAGES!  

http://mexicanoccupation.blogspot.com/2012/03/assualt-on-american-worker-joe-legal-vs.html

 

"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." REP. LAMAR SMITH – OUR NEXT PRESIDENT!

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% DURING HISPANDERING OBAMA’S FIRST TERM… and are expected to be nonexistent during his second.

Obama and Justice Sotomayor (A LA RAZA PARTY MEMBER) Vow to Illegals to SABOTAGE E-verify!

VIVA LA RAZA SUPREMACY?


EMPLOYERS SAY NO TO HIRING AMERICANS… THE COST OF OBAMACARE IS CHEAPER WHEN THEY HIRE MORE ILLEGALS USING STOLEN SOCIAL SECURITY NUMBERS!

more at this link – post on your Facebook and email broadcast
http://mexicanoccupation.blogspot.com/2013/08/obamas-la-raza-mexican-ec

Video: Violent Illegal Alien Mob Defends Racist Separatist Monument - ALIPAC

Video: Violent Illegal Alien Mob Defends Racist Separatist Monument - ALIPAC


THE RISE OF MEXICAN FASCISM IN AMERICA and the DEMOCRAT PARTY THAT FUNDS IT AND ABETS LA RAZA SUPREMACY OFF THE BACKS OF AMERICANS (LEGALS).

Mexicans steal millions of jobs using stolen social security numbers, millions drive illegally without license or insurance, contract illegally without licenses… YOU ARE A TOTAL FREAKING FOOL IF YOU THINK MEXICANS ARE NOT OUT THERE VOTING TO EXPAND LA RAZA SUPREMACY, THE MEX WELFARE STATE more ANCHOR BABY FACTORIES!

“Latinos vote in primaries and in the general election.”

LaRaza Calls For Boycott Against Free Speech

 

No surprise here. Pulling the race/hate card again and using political correctness La Raza goes after cable shows reporting on illegal immigration.

"MurguĂ­a said she recognized that ultimately the power to change the debate lies with the Hispanic community itself. “Latinos buy products from the advertisers supporting these programs,” she said. “Latinos vote in primaries and in the general election. We have a significant role to play picking winners and losers in both arenas. We need to make it clear to those who embrace hate that they do so at their own economic and political peril.”

http://www.nclr.org/content/news/detail/50375/

FIFTEEN THINGS YOU SHOULD KNOW ABOUT LA RAZA “THE RACE” Obama-funded Mexican fascism in our borders!

by Michelle Malkin


SOME HISTORY OF THE MEXICAN FASCIST PARTY of LA RAZA:

ON THE GROWIN POWER OF “LA RAZA” FASCISM FOR MEX SUPREMACY

 

http://mexicanoccupation.blogspot.com/2011/04/history-of-mexican-fascist-party-of-la.html

 
Lou Dobbs

Tonight Tuesday July 8, 2008

Sens. McCain and Obama are fiercely courting the Latino vote. Last month they spoke to the National Association of Latino Elected and Appointed Officials; today it’s the League of United Latin American Citizens’ national convention; and this weekend they’re set to address the National Council of La Raza, one of the most radical socio-ethnocentric interest groups in the country.

FIFTEEN THINGS YOU SHOULD KNOW ABOUT LA RAZA “THE RACE” Obama-funded Mexican fascism in our borders!

by Michelle Malkin

 


"The American Southwest seems to be slowly returning to the jurisdiction of Mexico without firing a single shot."  --- Excelsior, the national newspaper of Mexico

STATE by STATE… 49 more mexifornias

Immigrating America Into a Colony of Mexico


We’ve got an even more ominous enemy within our borders that promotes “Reconquista of Aztlan” or the reconquest of California, Arizona, New Mexico and Texas into the country of Mexico. With 9.2 million Mexicans now living in America, their goal of colonizing our country back into Mexico moves forward. A more sobering reality stems from the evidence that it’s Mexican-American citizens in the forefront of this disintegration of our country.

Zogby Report Card: Confused Obama flunks Syria 101 | WashingtonExaminer.com

Zogby Report Card: Confused Obama flunks Syria 101 | WashingtonExaminer.com


THE WRECKING OF AMERICA: BARACK OBAMA and his LOOTING WALL STREET DONORS PILLAGE A NATION BUSH STYLE!

http://mexicanoccupation.blogspot.com/2013/09/the-wrecking-of-america-barack-obama.html

 
WARS FOR MUSLIMS, OPEN BORDERS WITH NARCOMEX AND UNLEASHED RAPE BY WALL STREET DONORS!


OBAMA’S ASSAULT ON AMERICANS (LEGALS)

OBAMA AND OBAMA DONOR SEN. DIANNE FEINSTEIN LOOT MEDICARE

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WAR, WAR, WAR. . . OVER THERE FOR MUSLIM DICTATORS AND OPEN AND UNDEFENDED BORDERS WITH NARCOMEX!

 

IN SECRET COLLUSION WITH BARACK OBAMA and THE MEXICAN FASCIST PARTY of LA RAZA, PELOSI, FEINSTEIN AND BOXER PUSH HARD FOR OPEN BORDERS, NO E-VERIFY AND EXPANDED WELFARE FOR ILLEGALS. . . IT'S HOW THEY'RE BUILDING THE NEW LA RAZA DEM PARTY OF ILLEGALS!

 

http://mexicanoccupation.blogspot.com/2013/08/dem-leader-pelosi-endorses-syria-attack_30.html

 

 

THEY SABOTAGE OUR BORDERS AND THEN LIE ENDLESSLY ABOUT HOMELAND SECURITY AS LA RAZA AND THE MEXICAN DRUG CARTELS POUR OVER OUR BORDERS!

 

Lou Dobbs Tonight Friday, May 16, 2008

 

(FEINSTEIN IS THE BIGGEST WAR PROFITEER IN AMERICAN HISTORY. SHE HAS VOTED FOR ANY AND ALL WARS SHE COULD)

 

Some in Congress are once again trying to push piecemeal immigration reform through the back door. Sen. Dianne Feinstein of California attached a farm worker program to the multibillion dollar Iraq war funding bill yesterday which would grant temporary amnesty to 1.3 million farm workers and their families over the next five years.

 

*

SYRIA

OBAMA HAS SQUANDERED BILLIONS and BILLIONS PROTECTING THE BORDERS OF MUSLIM DICTATORSHIPS WHILE HE DAILY SABOTAGES AMERICAN BORDERS TO BUILD HIS LA RAZA PARTY BASE of ILLEGALS!


 

The Saudis and Gulf Arabs, cash-fat on the $110-a-barrel oil they sell U.S. consumers, will pick up the tab for the Tomahawk missiles. Has it come to this — U.S. soldiers, sailors, Marines and airmen as the mercenaries of sheiks, sultans and emirs, Hessians of the New World Order, hired out to do the big-time killing for Saudi and Sunni royals? -

 

OBAMA AWARDS TERRY McAULIFFE the SEN. DIANNE FEINSTEIN HONOR FOR STAGGERING SELF-SERVING CORRUPTION - Terry McAuliffe, Ken Cuccinelli feud amps up at Virginia energy forum | WashingtonExaminer.com

Terry McAuliffe, Ken Cuccinelli feud amps up at Virginia energy forum | WashingtonExaminer.com


THE WRECKING OF AMERICA: BARACK OBAMA and his LOOTING WALL STREET DONORS PILLAGE A NATION BUSH STYLE!

http://mexicanoccupation.blogspot.com/2013/09/the-wrecking-of-america-barack-obama.html

 

WARS FOR MUSLIMS, OPEN BORDERS WITH NARCOMEX AND UNLEASHED RAPE BY WALL STREET DONORS!

OBAMA’S ASSAULT ON AMERICANS (LEGALS)

OBAMA AND OBAMA DONOR SEN. DIANNE FEINSTEIN LOOT MEDICARE

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

 

ONE OF AMERICA'S FILTHIEST and CORRUPT POLITICIANS McAuliffe: Cuccinelli ad 'tricked people' who appeared on camera | WashingtonExaminer.com

McAuliffe: Cuccinelli ad 'tricked people' who appeared on camera | WashingtonExaminer.com


THE WRECKING OF AMERICA: BARACK OBAMA and his LOOTING WALL STREET DONORS PILLAGE A NATION BUSH STYLE!

http://mexicanoccupation.blogspot.com/2013/09/the-wrecking-of-america-barack-obama.html

 
 
WARS FOR MUSLIMS, OPEN BORDERS WITH NARCOMEX AND UNLEASHED RAPE BY WALL STREET DONORS!

CRONY CORRUPTION - THE LIFE OF A FILTHY POLITICIAN LIKE TERRY McAULIFFE - Political cronies keep cash flowing to Terry McAuliffe | WashingtonExaminer.com

Political cronies keep cash flowing to Terry McAuliffe | WashingtonExaminer.com


THE WRECKING OF AMERICA: BARACK OBAMA and his LOOTING WALL STREET DONORS PILLAGE A NATION BUSH STYLE!

http://mexicanoccupation.blogspot.com/2013/09/the-wrecking-of-america-barack-obama.html

 
WARS FOR MUSLIMS, OPEN BORDERS WITH NARCOMEX AND UNLEASHED RAPE BY WALL STREET DONORS!

THE WRECKING of AMERICA: BARACK OBAMA and HIS LOOTING WALL STREET DONORS - THEIR ORGY of GREED ROLLS ON and ON WHILE POVERTY IN AMERICA SOARS

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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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.

 
REALITY OF OBAMA and HIS WALL STREET DONORS’ LOOTING OF AMERICA:
OBAMA IS NOTHING BUT BUSH’S THIRD AND FOURTH TERMS! 

25 Statistics About The U.S. Economy Barack Obama Does Not Want You To Know

The human capacity for self-delusion truly is remarkable. Most people out there end up believing exactly what they want to believe even when the truth is staring them right in the face. Take the U.S. economy for example. Barack Obama wants to believe that his policies have worked and that the U.S. economy is improving. So that is what he is telling the American people. The mainstream media wants to believe that Barack Obama is a good president and that his policies make sense and so they are reporting that we are experiencing an economic recovery. A very large segment of the U.S. population still fully supports Barack Obama and they want to believe that the economy is getting better so they are buying the propaganda that the mainstream media is feeding them. But is the U.S. economy really improving? The truth is that it is not. The rate of employment among working age Americans is exactly where it was two years ago and household incomes have actually gone down while Obama has been president. Home ownership levels and home prices continue to decline. Meanwhile, food and gasoline continue to become even more expensive. The percentage of Americans that are dependent on the government is at an all-time record high and the U.S. national debt has risen by more than 5 trillion dollars under Obama. We simply have not seen the type of economic recovery that we have seen after every other economic recession since World War II.

The horrible statistics about the U.S. economy that you are about to read are not talked about much by the mainstream media. They would rather be “positive” and “upbeat” about the direction that things are headed.

But lying to the American people is not going to help them. If you are speeding in a car toward a 500 foot cliff, you don’t need someone to cheer you on. Instead, you need someone to slam on the brakes.

The cold, hard reality of the matter is that the U.S. economy is in far worse shape than it was four or five years ago.

We have never come close to recovering from the last recession and another one will be here soon.

The following are 25 horrible statistics about the U.S. economy that Barack Obama does not want you to know….

#1 The percentage of Americans that own homes is dropping rapidly. According to Gallup, the current level of homeownership in the United States is the lowest that Gallup has ever measured.

#2 Home prices in the U.S. continue to fall like a rock as well. They have declined for six months in a row and are now down a total of 35 percent from the peak of the housing bubble. The last time that home prices in the United States were this low was back in 2002.

#3 Last year, an astounding 53 percent of all U.S. college graduates under the age of 25 were either unemployed or underemployed.

#4 Back in 2007, about 10 percent of all unemployed Americans had been out of work for 52 weeks or longer. Today, that number is above 30 percent.

#5 When Barack Obama first became president, the number of “long-term unemployed workers” in the United States was 2.6 million. Today, it is 5.3 million.

#6 The average duration of unemployment in the United States is about three times as long as it was back in the year 2000.

#7 Despite what the mainstream media would have us to believe, the truth is that the percentage of working age Americans that are employed is not increasing. Back in March 2010, 58.5 percent of all working age Americans were employed. In March 2011, 58.5 percent of all working age Americans were employed. In March 2012, 58.5 percent of all working age Americans were employed. So how can Barack Obama and the mainstream media claim that the employment situation in the United States is getting better? The employment rate is still essentially exactly where it was when the last recession supposedly ended.

#8 Back in 1950, more than 80 percent of all men in the United States had jobs. Today, less than 65 percent of all men in the United States have jobs.

#9 In 1962, 28 percent of all jobs in America were manufacturing jobs. In 2011, only 9 percent of all jobs in America were manufacturing jobs.

#10 In some areas of Detroit, Michigan you can buy a three bedroom home for just $500.

#11 According to one recent survey, approximately one-third of all Americans are not paying their bills on time at this point.

#12 Since Barack Obama entered the White House, the price of gasoline has risen by more than 100 percent.

#13 The student loan debt bubble continues to expand at a very frightening pace. Recently it was announced that total student loan debt in the United States has passed the one trillion dollar mark.

#14 Incredibly, one out of every four jobs in the United States pays $10 an hour or less at this point.

#15 Household incomes all over the United States continue to fall. After adjusting for inflation, median household income in America has declined by 7.8 percent since December 2007.

#16 Over the past several decades, government dependence has risen to unprecedented heights in the United States. The following is how I described the explosive growth of social welfare benefits in one recent article….

Back in 1960, social welfare benefits made up approximately 10 percent of all salaries and wages. In the year 2000, social welfare benefits made up approximately 21 percent of all salaries and wages. Today, social welfare benefits make up approximately 35 percent of all salaries and wages.

#17 In November 2008, 30.8 million Americans were on food stamps. Today, more than 46 million Americans are on food stamps.

#18 Right now, more than 25 percent of all American children are on food stamps.

#19 According to the U.S. Census Bureau, today 49 percent of all Americans live in a home that receives some form of benefits from the federal government.

#20 Over the next 75 years, Medicare is facing unfunded liabilities of more than 38 trillion dollars. That comes to $328,404 for each and every household in the United States.

#21 During the first quarter of 2012, U.S. public debt rose by 359.1 billion dollars. U.S. GDP only rose by 142.4 billion dollars.

#22 At this point, the U.S. national debt is rising by more than 2 million dollars every single minute.

#23 The U.S. national debt has risen by more than 5 trillion dollars since the day that Barack Obama first took office. In a little more than 3 years Obama has added more to the national debt than the first 41 presidents combined.

#24 The Federal Reserve bought up approximately 61 percent of all government debt issued by the U.S. Treasury Department during 2011.

#25 The Federal Reserve continues to systematically destroy the value of the U.S. dollar. Since 1970, the U.S. dollar has lost more than 83 percent of its value.

But the horrible economic statistics only tell part of the story.

In communities all over America there is a feeling that something fundamental has changed. Businesses that have been around for generations are shutting their doors and there is a lot of fear in the air. The following is a brief excerpt from a recent interview with Richard Yamarone, the senior economist at Bloomberg Brief….

You have to listen to what the small businesses are telling you and right now they are telling you, ‘Hey, I’m the head of a 3rd or 4th generation, 75 or 100 year old business, and I’ve got to shut the doors’ or ‘I’ve got to let people go. And if I’m hiring anybody back, it’s only on a temporary basis.’

Sometimes they do this through a hiring firm so that they can sidestep paying unemployment benefit insurance. So that’s what’s really going on at the grassroots level of the economy. Very, very, grossly different from what you’re seeing in some of these numbers coming out in earnings releases.”

All over the country, millions of hard working Americans are desperately looking for work. They have been told that “the recession is over”, but they are still finding it incredibly difficult to find anyone that will hire them. The following example is from a recent CNN article….

Joann Cotton, a 54-year-old Columbus, Mississippi, resident, was one of those faces of poverty we met on the tour. Unemployed for three years, Joann has gone from making “$60,000 a year to less than $15,000 overnight.” Her husband is disabled and dependent on medicines the couple can no longer afford. They rely on food stamps, which, Joann says, “is depressing as hell.”

Receiving government aid, however, has not been as depressing as her job search. Joann says she has applied for at least 300 jobs. Even though she can barely afford gas, she drives to the interviews only to learn that the employers want to hire younger candidates at low wages.

The experiences have taken a toll: “I’ve aged 10 years in the three years that I’ve been looking for a job,” Joann told us. “I want to get a job so I can just relax and exhale … but I can’t. After a while you just give up.”

 
Obama ran against Bush, but now governs like him

Steven Thomma | McClatchy Newspapers

WASHINGTON — He ran as the anti-Bush.

Silver-tongued, not tongue-tied. A team player on the world stage, not a lone cowboy. A man who'd put a stop to reckless Bush policies at home and abroad. In short, Barack Obama represented Change.

Well, that was then. Now, on one major policy after another, President Barack Obama seems to be morphing into George W. Bush.

On the nation's finances, the man who once ripped Bush as a failed leader for seeking to raise the nation's debt ceiling now wants to do it himself.

On terrorism, he criticized Bush for sending suspected terrorists to Guantanamo Bay, Cuba, and denying them access to U.S. civilian courts. Now he says he'll do the same.

On taxes, he called the Bush-era tax cuts for the wealthy wrong, and lately began calling again to end them. But in December he signed a deal with Republicans to extend them for two years, and recently he called the entire tax cut package good for the country.

And on war, as a candidate he said that the president didn't have authority to unilaterally attack a country that didn't pose an imminent threat to the U.S., and even then the president should always seek the informed consent of Congress. Last month, without a vote in Congress, he attacked Libya, which didn't threaten the U.S.

Big differences remain between Obama and Bush, to be sure. His two nominees to the Supreme Court differ vastly from Bush's picks. Obama does want to end the tax cuts for the wealthy. He also pushed through a massive overhaul of the nation's health insurance system.

Yet even on health insurance, his stand wasn't so much a reversal of Bush's approach as an escalation. Bush also pushed through a massive expansion of Medicare by adding a costly prescription drug benefit — at the time, the biggest expansion of a federal entitlement since Lyndon Johnson's Great Society. Indeed, some of the differences between the two presidents are measured in gray, not black and white as once seemed the case.

Some of the changes in Obama can be attributed to the passion of campaign rhetoric giving way to the realities of governing, analysts say.

"He is looking less like a candidate and more like a president," said Dan Schnur, the director of the Jesse M. Unruh Institute of Politics at the University of Southern California. "He has discovered that it's much easier to make promises on the campaign trail than it is to keep them as president."

At the same time, some of the surprising continuity of Bush-era policies can be tied to the way Bush and events set the nation's course, particularly on foreign policy.

"Morphing into Bush was not a willful act," said Aaron David Miller, a scholar at the Woodrow Wilson International Center for Scholars. "It was acquiescence to the policies his predecessor shaped and the cruel realities that Obama inherited."

For example, Obama found he couldn't easily close the prison at Guantanamo Bay because he couldn't find a place, abroad or at home, willing to take all the terrorist suspects held there.

"Bush created, on the military and security side, new realities from which no successor, Democrat or Republican, could depart, "Miller said. "It's like turning around an aircraft carrier. It cannot happen quickly."

Among the ways Obama has reversed his earlier promises and adopted, extended or echoed Bush policies:

DEBT

In 2006, Bush had cut taxes, gone to war, and expanded Medicare, and increased the national debt from $5.6 trillion to $8.2 trillion. He needed approval from Congress to raise the ceiling for debt to $9 trillion.

The Senate approved the increase by a narrow vote of 52-48.

Sen. Barack Obama, D-Ill., voted no.

"Increasing America's debt weakens us domestically and internationally," Obama said in 2006. "Leadership means that 'the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership."

Now Obama's on the other side. He's increased the national debt to $14 trillion, and needs Congress to approve more debt. Moreover, Obama's aides now say that congressional meddling to use that needed vote to wrangle budget concessions from the White House would be inappropriate and risk financial Armageddon.

What about Obama's own vote against the president in a similar situation? A mistake, the White House said.

TAXES

As a senator and presidential candidate, Obama opposed extending the Bush tax cuts on incomes greater than $250,000 a year past their expiration on Dec., 31, 2009.

In 2007, he said he was for "rolling back the Bush tax cuts on the top 1 percent of people who don't need it." In a 2008 ad, he said, "Instead of extending the Bush tax cuts for the wealthiest, I'll focus on you."

As president, Obama proposed letting those tax cuts expire as scheduled, while also proposing to make permanent the Bush tax cuts for incomes of less than $250,000.

But he didn't get Congress to approve that. When the issue came to a head last December, Republicans insisted on extending all of the tax cuts or none, and Obama went along lest the tax cuts on incomes below $250,000 expire even briefly. His final deal with the Congress also added a one-year cut in the payroll tax for Medicare and Social Security.

"What all of us care about is growing the American economy and creating jobs for the American people," Obama said. "Taken as a whole, that's what this package of tax relief is going to do. It's a good deal for the American people."

He said again last week that he wants to let the Bush tax cuts for the wealthy expire, this time on Dec. 31, 2012.

TERRORISTS

As a presidential candidate, Obama vowed a broad reversal of Bush's policies toward suspected terrorists.

Most pointedly, he said he'd close the prison in Cuba and try suspected terrorists in civilian courts, not in military tribunals.

"I have faith in America's courts," he said in a 2007 speech. "As president, I will close Guantanamo, reject the Military Commissions Act, and adhere to the Geneva Conventions. Our Constitution and our Uniform Code of Military Justice provide a framework for dealing with the terrorists."

He ran into a torrent of opposition, however. Members of Congress balked at transferring suspected terrorists to U.S. prisons. New Yorkers balked when his administration said it would try accused 9/11 mastermind Khalid Sheikh Mohammed in a civilian court in lower Manhattan.

Last month, he changed course, saying he'd keep Guantanamo Bay open, and would try Mohammed before a military court.

The reversal, said Rep. Peter King, R-N.Y., the chairman of the House Committee on Homeland Security, "is yet another vindication of President Bush's detention policies by the Obama administration."

Echoing Bush, Obama's also asserted that he has the power to hold suspected terrorists without charges or trial, and that he has the power to kill U.S. citizens abroad if his government considers them a terrorist threat.

WAR POWERS

During his campaign, Obama signaled that he'd be far more circumspect than Bush was in using military power. He did say he'd send more troops to Afghanistan, which he's done, and that he'd attack al Qaida terrorists in Pakistan, which he's also done.

But he opposed the Iraq war from the start, and said he didn't think the president should wage war for humanitarian purposes or act without congressional approval, absent an imminent threat to the U.S.

"The president does not have power under the Constitution to unilaterally authorize a military attack in a situation that does not involve stopping an actual or imminent threat to the nation," he told The Boston Globe in 2007.

"In instances of self-defense, the president would be within his constitutional authority to act before advising Congress or seeking its consent. History has shown us time and again, however, that military action is most successful when it is authorized and supported by the legislative branch. It is always preferable to have the informed consent of Congress prior to any military action."

On March 19, the U.S. attacked Libya on humanitarian grounds, absent any threat to the U.S. and without approval from Congress.

 

ORGY OF GREED… Wall Street Celebrates Victory Over Their Crimes on Americans! AND NO ONE SERVES THIS GREED MORE THAN BARACK OBAMA!

*
THE LOOTING of AMERICA UNDER OBAMANOMICS: WALL STREET CELEBRATES!

“On the other side of the social divide is an uninhibited orgy of greed, documented most recently by a Wednesday story in the New York Times (“Signs of Swagger, Wallets out, Wall Street Celebrates.”

 
Meanwhile, Barack Obama and his family continue to live the high life at the expense of the U.S. taxpayer.

Even many Democrats are starting to get very upset about this. The following is from a recent article by Paul Bedard….

Blue collar Democratic voters, stuck taking depressing “staycations” because they can’t afford gas and hotels, are resentful of the first family’s 17 lavish vacations around the world and don’t want their tax dollars paying for the Obamas’ holidays, according to a new analysis of swing voters.

It simply is not appropriate for the Obamas to be spending millions upon millions upon millions of U.S. taxpayer dollars on luxury vacations when so many Americans are deeply suffering.

But Barack Obama does not want you to know about any of this stuff.

He just wants you to buy his empty propaganda one more time so that he can continue to occupy the White House for another four years.

OBAMA’S VISION OF AMERICA… one big CON JOB of lies!

Honoring Dr. King… the Crony King Obama sets economic supremacy for the 1% as the new goal of his OBAMAnomics for Wall Street donors…


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


 
WHAT WOULD DR. KING SAY TO THE FACE OF CRONY KING OBAMA? ARE YOU REALLY GEORGE W. BUSH IN DRAG?

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Obama spoke as though these processes had nothing to do with himself or his own actions. But everyone knows his White House has overseen the transfer of trillions of taxpayer dollars to the financial industry, while spearheading the gutting of workers’ wages and savage cuts in jobs and social services.

JUDICIAL WATCH.org

ON THE OBAMA PRESIDENCY:

With trillion dollar bailouts, government-run healthcare, banks and car companies, ACORN corruption, attacks on conservative media, illegal alien amnesty, unprecedented and dangerous new rights for terrorists, perks for campaign donors—this is the Obama legacy—and we haven't even gotten through the first year of his presidency!

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!

 
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.

TWO YEARS OF OBAMA:
Fifteen million Americans are out of work, thanks in part to reckless Wall Street activities. Yet corporate profits are at record highs, companies are sitting on vast amounts of cash, and, after a tough two years, business interests are again atop the Washington power structure.

 
THE U.S. CHAMBER of COMMERCE, LIKE OBAMA, ADVOCATES NO BORDERS WITH MEXICO, NO E-VERIFY, AND AMNESTY, OR AT LEAST CONTINUED NON-ENFORCEMENT. IT’S ALL ABOUT KEEPING WAGES DEPRESSED!


Big business is back in business and looting big time under Obama!

By Dana Milbank
Wednesday, January 12, 2011;

There was a festive atmosphere at U.S. Chamber of Commerce headquarters Tuesday morning as the corporate lobby delivered its annual "State of American Business" address.

Margaret Spellings, the former Bush Cabinet officer who cashed out and joined the business group, made the introductions, telling members that despite "the worst economic climate since the Great Depression," the chamber had scored a "number of legislative victories, tremendous success in the elections and another strong year of fundraising."

Thanks to the chamber, Spellings boasted, "the American business community always has a seat at the table."

A seat? Business has just about all the seats at the table - and more on back order.

Fifteen million Americans are out of work, thanks in part to reckless Wall Street activities. Yet corporate profits are at record highs, companies are sitting on vast amounts of cash, and, after a tough two years, business interests are again atop the Washington power structure.

This return of corporate power comes in part because the revolving door between government influence and corporate paydays has begun to turn anew. Even President Obama has submitted to its centrifugal force. His new White House chief of staff, William Daley, comes directly from J.P. Morgan Chase. Daley scored that lucrative gig after serving as commerce secretary during Bill Clinton's second term.

As Daley came in through the revolving door, OMB Director Peter Orszag had just gone out. He cashed out to become a vice chairman of Citigroup, where his government expertise should be worth seven figures annually. One of Orszag's partners on Obama's economics team, Larry Summers, is returning to Harvard - but that won't stop him from delivering the keynote address to the Global Hedge Fund Summit in Bermuda.

The thrill of cashing out has been endorsed by Obama himself. Explaining press secretary Robert Gibbs's decision to depart, the president told the New York Times: "He's had a six-year stretch now where basically he's been going 24/7 with relatively modest pay." The poor Gibbs, who had been earning a "modest" $172,200 a year, is now contemplating making much more than that representing corporate clients.

At the other end of Pennsylvania Avenue, corporate interests are becoming increasingly brazen. Lobbyists have snagged key staff jobs in the new GOP House leadership and chief-of-staff positions in many new lawmakers' offices. On the day John Boehner was elected speaker last week, lobbyists were literally strutting their stuff on the House floor.

Bob Livingston, the former Republican congressman, was buttonholing members; he's the head of a lobbying firm that advertises Livingston as "the only practicing former chairman of the House Appropriations Committee." Also on the floor, Marty Russo, the longtime Democratic congressman who had just stepped down as head of the lobbying giant Cassidy and Associates, shook Boehner's hand.

A House Republican source says Livingston left when informed that, as a registered lobbyist, he was not allowed to be on the House floor.

Such behavior by lobbyists - both registered lobbyists and unregistered corporate "advisers" - has become more common. At last year's State of the Union address, Post congressional correspondent Paul Kane observed, on the House floor, former members Mike Ferguson, who runs a lobbying firm, and Jim Greenwood, CEO of the biotech lobby. Kane has also spotted former senator Bill Cohen, who runs a big lobbying and consulting firm, on the Senate floor; former representative Sherry Boehlert, now a lobbyist, in the Speaker's Lobby off the House floor; and lawmaker-turned-lobbyist Al Wynn entertaining clients in the members' dining room.

The Center for Responsive Politics has identified more than 340 former members of Congress, and 3,665 former staffers, in lobbying or related fields. The few rules to slow the revolving door do little, both because of the routine granting of waivers and because of loose registration requirements for lobbying.

All of this gave the business lobby much to celebrate as chamber members discussed the State of American Business over mini-muffins and banana bread Tuesday morning. Tom Donohue, the chamber's white-maned CEO, hailed the "new tone coming from the White House" since the elections - which the chamber influenced by spending tens of millions of dollars from donors kept anonymous, Donohue explained, so opponents couldn't "demagogue them." Donohue said he's "absolutely convinced" that the new business-friendly White House will move his way on regulation and trade.

A reporter asked Donohue for a suggestion of what corporate America, with its record profits, should do to put people back to work. "I got to think about this for a minute," Donohue said, then added: "I think the most important thing to tell a company is to return a reasonable return to their investors."

*

NEW YORK TIMES

 

January 10, 2010

Op-Ed Columnist

The Other Plot to Wreck America


THERE may not be a person in America without a strong opinion about what coulda, shoulda been done to prevent the underwear bomber from boarding that Christmas flight to Detroit. In the years since 9/11, we’ve all become counterterrorists. But in the 16 months since that other calamity in downtown New York — the crash precipitated by the 9/15 failure of Lehman Brothers — most of us are still ignorant about what Warren Buffett called the “financial weapons of mass destruction” that wrecked our economy. Fluent as we are in Al Qaeda and body scanners, when it comes to synthetic C.D.O.’s and credit-default swaps, not so much.

What we don’t know will hurt us, and quite possibly on a more devastating scale than any Qaeda attack. Americans must be told the full story of how Wall Street gamed and inflated the housing bubble, made out like bandits, and then left millions of households in ruin. Without that reckoning, there will be no public clamor for serious reform of a financial system that was as cunningly breached as airline security at the Amsterdam airport. And without reform, another massive attack on our economic security is guaranteed. Now that it can count on government bailouts, Wall Street has more incentive than ever to pump up its risks — secure that it can keep the bonanzas while we get stuck with the losses.

The window for change is rapidly closing. Health care, Afghanistan and the terrorism panic may have exhausted Washington’s already limited capacity for heavy lifting, especially in an election year. The White House’s chief economic hand, Lawrence Summers, has repeatedly announced that “everybody agrees that the recession is over” — which is technically true from an economist’s perspective and certainly true on Wall Street, where bailed-out banks are reporting record profits and bonuses. The contrary voices of Americans who have lost pay, jobs, homes and savings are either patronized or drowned out entirely by a political system where the banking lobby rules in both parties and the revolving door between finance and government never stops spinning.

It’s against this backdrop that this week’s long-awaited initial public hearings of the Financial Crisis Inquiry Commission are so critical. This is the bipartisan panel that Congress mandated last spring to investigate the still murky story of what happened in the meltdown. Phil Angelides, the former California treasurer who is the inquiry’s chairman, told me in interviews late last year that he has been busy deploying a tough investigative staff and will not allow the proceedings to devolve into a typical blue-ribbon Beltway exercise in toothless bloviation.

He wants to examine the financial sector’s “greed, stupidity, hubris and outright corruption” — from traders on the ground to the board room. “It’s important that we deliver new information,” he said. “We can’t just rehash what we’ve known to date.” He understands that if he fails to make news or to tell the story in a way that is comprehensible and compelling enough to arouse Americans to demand action, Wall Street and Washington will both keep moving on, unchallenged and unchastened.

Angelides gets it. But he has a tough act to follow: Ferdinand Pecora, the legendary prosecutor who served as chief counsel to the Senate committee that investigated the 1929 crash as F.D.R. took office. Pecora was a master of detail and drama. He riveted America even without the aid of television. His investigation led to indictments, jail sentences and, ultimately, key New Deal reforms — the creation of the Securities and Exchange Commission and the Glass-Steagall Act, designed to prevent the formation of banks too big to fail.

As it happened, a major Pecora target was the chief executive of National City Bank, the institution that would grow up to be Citigroup. Among other transgressions, National City had repackaged bad Latin American debt as new securities that it then sold to easily suckered investors during the frenzied 1920s boom. Once disaster struck, the bank’s executives helped themselves to millions of dollars in interest-free loans. Yet their own employees had to keep ponying up salary deductions for decimated National City stock purchased at a heady precrash price.

Trade bad Latin American debt for bad mortgage debt, and you have a partial portrait of Citigroup at the height of the housing bubble. The reckless Citi executives of our day may not have given themselves interest-free loans, but they often walked away with the short-term, illusionary profits while their employees were left with shredded jobs and 401(k)’s. Among those Citi executives was Robert Rubin, who, as the Clinton Treasury secretary, helped repeal the last vestiges of Glass-Steagall after years of Wall Street assault. Somewhere Pecora is turning in his grave

Rubin has never apologized, let alone been held accountable. But he’s hardly alone. Even after all the country has gone through, the titans who fueled the bubble are heedless. In last Sunday’s Times, Sandy Weill, the former chief executive who built Citigroup (and recruited Rubin to its ranks), gave a remarkable interview to Katrina Brooker blaming his own hand-picked successor, Charles Prince, for his bank’s implosion. Weill said he preferred to be remembered for his philanthropy. Good luck with that.

Among his causes is Carnegie Hall, where he is chairman of the board. To see how far American capitalism has fallen, contrast Weill with the giant who built Carnegie Hall. Not only is Andrew Carnegie remembered for far more epic and generous philanthropy than Weill’s — some 1,600 public libraries, just for starters — but also for creating a steel empire that actually helped build America’s industrial infrastructure in the late 19th century. At Citi, Weill built little more than a bloated gambling casino. As Paul Volcker, the regrettably powerless chairman of Obama’s Economic Recovery Advisory Board, said recently, there is not “one shred of neutral evidence” that any financial innovation of the past 20 years has led to economic growth. Citi, that “innovative” banking supermarket, destroyed far more wealth than Weill can or will ever give away.

Even now — despite its near-death experience, despite the departures of Weill, Prince and Rubin — Citi remains as imperious as it was before 9/15. Its current chairman, Richard Parsons, was one of three executives (along with Lloyd Blankfein of Goldman Sachs and John Mack of Morgan Stanley) who failed to show up at the mid-December White House meeting where President Obama implored bankers to increase lending. (The trio blamed fog for forcing them to participate by speakerphone, but the weather hadn’t grounded their peers or Amtrak.) Last week, ABC World News was also stiffed by Citi, which refused to answer questions about its latest round of outrageous credit card rate increases and instead e-mailed a statement blaming its customers for “not paying back their loans.” This from a bank that still owes taxpayers $25 billion of its $45 billion handout!

If Citi, among the most egregious of Wall Street reprobates, feels it can get away with business as usual, it’s because it fears no retribution. And it got more good news last week. Now that Chris Dodd is vacating the Senate, his chairmanship of the Banking Committee may fall next year to Tim Johnson of South Dakota, home to Citi’s credit card operation. Johnson was the only Senate Democrat to vote against Congress’s recent bill policing credit card abuses.

Though bad history shows every sign of repeating itself on Wall Street, it will take a near-miracle for Angelides to repeat Pecora’s triumph. Our zoo of financial skullduggery is far more complex, with many more moving pieces, than that of the 1920s. The new inquiry does have subpoena power, but its entire budget, a mere $8 million, doesn’t even match the lobbying expenditures for just three banks (Citi, Morgan Stanley, Bank of America) in the first nine months of 2009. The firms under scrutiny can pay for as many lawyers as they need to stall between now and Dec. 15, deadline day for the commission’s report.

More daunting still is the inquiry’s duty to reach into high places in the public sector as well as the private. The mystery of exactly what happened as TARP fell into place in the fateful fall of 2008 thickens by the day — especially the behind-closed-door machinations surrounding the government rescue of A.I.G. and its counterparties. Last week, a Republican congressman, Darrell Issa of California, released e-mail showing that officials at the New York Fed, then led by Timothy Geithner, pressured A.I.G. to delay disclosing to the S.E.C. and the public the details on the billions of bailout dollars it was funneling to its trading partners. In this backdoor rescue, taxpayers unknowingly awarded banks like Goldman 100 cents on the dollar for their bets on mortgage-backed securities.

Why was our money used to make these high-flying gamblers whole while ordinary Americans received no such beneficence? Nothing less than complete transparency will connect the dots. Among the big-name witnesses that the Angelides commission has called for next week is Goldman’s Blankfein. Geithner, Henry Paulson and Ben Bernanke should be next.

If they all skate away yet again by deflecting blame or mouthing pro forma mea culpas, it will be a sign that this inquiry, like so many other promises of reform since 9/15, is likely to leave Wall Street’s status quo largely intact. That’s the ticking-bomb scenario that truly imperils us all.

*


 “On the other side of the social divide is an uninhibited orgy of greed, documented most recently by a Wednesday story in the New York Times (“Signs of Swagger, Wallets out, Wall Street Celebrates.”

 

Thanksgiving in America

US corporations shatter profit records

25 November 2010

US corporations took in $1.659 trillion in the third quarter, breaking records going back 60 years, according to a Commerce Department report released Tuesday. It was the seventh consecutive quarter of profit growth at “some of the fastest rates in history” according to the New York Times.

If any more proof were needed, the third quarter profit record exposes the lie promoted by Democrats and Republicans alike that only the “free market” and private businesses can reverse the nation’s 9.6 percent unemployment rate. The corporations and banks are sitting on a cash horde in the trillions of dollars. This money is not being used to hire workers, but to line the pockets of the executives and top shareholders.

The profit bonanza that lasted from July through September eclipsed the old record of $1.655 trillion established in the third quarter of 2006—just as the money-mad speculation of the financial elite was hurtling the US and world economy toward the precipice of its worst economic crisis since the Great Depression.

The resulting financial crisis, which erupted in the autumn of 2008, threatened a total collapse of the global financial system. In response, the governments of the world, led by the US, used the disaster to hand over tens of trillions in public wealth to the very finance houses that triggered the crisis. This process continues, as demonstrated by the International Monetary Fund/European Union-dictated rescue of the Irish banks this week.

The enormous profit realized by US corporations in the third quarter are only the latest indication that the Bush-Obama bailout of the financial and corporate elite has achieved its desired aim of protecting the personal fortunes of the rich:

*Annual bonuses rose by 11 percent for executives at the 450 largest US corporations last fiscal year, according to a recent survey published by the Wall Street Journal. Overall, median compensation—including salaries, bonuses, stocks, options and other incentives—rose by three percent to $7.3 million in 2009. Shareholder returns increased by 29 percent.

*An October survey by the Wall Street Journal found that employees at 35 of the biggest banks, investment banks, hedge funds, money management firms, and securities exchanges will be paid a record $144 billion in 2010.

*According to Forbes magazine, the net worth of the 400 richest Americans increased by 8 percent in 2010, to $1.37 trillion, more than the GDP of India, population 1.2 billion.

These vast fortunes have been made possible through the impoverishment of the working class, the vast majority of the population that must work in order to maintain itself.

*In 2009, 15 percent of all US households, about 50 million people, went part or all of the year without enough food to eat, according to a recent report from the US Department of Agriculture (USDA). More than a third of these households, home to one million children, went without meals on a regular basis.

*A record 49.9 million US adults went without health insurance for at least part of the past year, up from 46 million in 2008, according to a recent report from the Centers for Disease Control and Prevention (CDC). The uninsured now constitute 26.2 percent of the total adult population, more than one in four, up from 24.5 percent two years ago.

*Average annual wages for US workers fell by $457 in 2009, and the median annual wage fell by $247 to $26,261, according to recently updated data from the Social Security Administration (SSA).

*The US Census Bureau found that about 44 million Americans were living in poverty in 2009, the highest number on record and an increase of 3.8 million in one year. Nearly 19 million Americans were living in extreme poverty in 2009, defined as half of the official poverty level, an increase of 11 percent in one year.

This sampling—many similar statistics could be cited—paints a portrait of a financial oligarchy literally gorging itself at the expense of the population. Yet this reality, which permeates every aspect of life in the US, has only whetted the appetite of the elite and its political servants.

The holiday season finds the lame duck 111th Congress putting the finishing touches on two years of wealth redistribution to the rich. It is almost certain to extend Bush-era income tax cuts for the richest Americans.

On November 30, five days after the Thanksgiving holiday, unemployment benefits will expire for 1.2 million workers due to Congressional inaction. By Christmas and the New Year, this figure will swell to 2 million. The fate of these workers and the several million children who depend on them, tossed out without cash income into the worst job market in seven decades, is of little consequence to the millionaires and multi-millionaires who populate Congress.

One result of these policies is that more people than ever, including those with jobs, are forced to turn to soup kitchens, even on a day when families traditionally gather for a holiday associated with the “bountiful harvest.” Charities across the country are reporting record demand for help on Thanksgiving—a holiday established at a national level by Abraham Lincoln in 1863 to honor the material abundance of the Republic, even in the midst of the Civil War.

On the other side of the social divide is an uninhibited orgy of greed, documented most recently by a Wednesday story in the New York Times (“Signs of Swagger, Wallets out, Wall Street Celebrates.”) From cosmetic plastic surgery to high-priced art auctions, from rental properties in the Hamptons to bachelor parties that cost tens of thousands of dollars, “Wall Street’s moneyed elite are breathing easier again,” the article states.

The stranglehold over society and the economy exercised by this parasitic social layer, this modern-day aristocracy, must be broken once and for all.

Tom Eley

*

Lou Dobbs Tonight
Monday, November 12, 2007

Mortgage giants Wells Fargo and Banks of America are accused of slapping dubious fees on homeowners struggling to save their homes. With fewer new mortgages being written, these  companies appear to be leaning on these lucrative fees to stay profitable—with devastating consequences for homeowners. We’ll have that report.

“Rightly or wrongly, the bankers seem to believe that a return to business as usual is just around the corner.”  PAUL KRUGMAN
 

NEW YORK TIMES

 

Op-Ed Columnist

Money for Nothing


On July 15, 2007, The New York Times published an article with the headline “The Richest of the Rich, Proud of a New Gilded Age.” The most prominently featured of the “new titans” was Sanford Weill, the former chairman of Citigroup, who insisted that he and his peers in the financial sector had earned their immense wealth through their contributions to society.

Soon after that article was printed, the financial edifice Mr. Weill took credit for helping to build collapsed, inflicting immense collateral damage in the process. Even if we manage to avoid a repeat of the Great Depression, the world economy will take years to recover from this crisis.

All of which explains why we should be disturbed by an article in Sunday’s Times reporting that pay at investment banks, after dipping last year, is soaring again — right back up to 2007 levels.

Why is this disturbing? Let me count the ways.

First, there’s no longer any reason to believe that the wizards of Wall Street actually contribute anything positive to society, let alone enough to justify those humongous paychecks.

Remember that the gilded Wall Street of 2007 was a fairly new phenomenon. From the 1930s until around 1980 banking was a staid, rather boring business that paid no better, on average, than other industries, yet kept the economy’s wheels turning.

So why did some bankers suddenly begin making vast fortunes? It was, we were told, a reward for their creativity — for financial innovation. At this point, however, it’s hard to think of any major recent financial innovations that actually aided society, as opposed to being new, improved ways to blow bubbles, evade regulations and implement de facto Ponzi schemes.

Consider a recent speech by Ben Bernanke, the Federal Reserve chairman, in which he tried to defend financial innovation. His examples of “good” financial innovations were (1) credit cards — not exactly a new idea; (2) overdraft protection; and (3) subprime mortgages. (I am not making this up.) These were the things for which bankers got paid the big bucks?

Still, you might argue that we have a free-market economy, and it’s up to the private sector to decide how much its employees are worth. But this brings me to my second point: Wall Street is no longer, in any real sense, part of the private sector. It’s a ward of the state, every bit as dependent on government aid as recipients of Temporary Assistance for Needy Families, a k a “welfare.”

I’m not just talking about the $600 billion or so already committed under the TARP. There are also the huge credit lines extended by the Federal Reserve; large-scale lending by Federal Home Loan Banks; the taxpayer-financed payoffs of A.I.G. contracts; the vast expansion of F.D.I.C. guarantees; and, more broadly, the implicit backing provided to every financial firm considered too big, or too strategic, to fail.

One can argue that it’s necessary to rescue Wall Street to protect the economy as a whole — and in fact I agree. But given all that taxpayer money on the line, financial firms should be acting like public utilities, not returning to the practices and paychecks of 2007.

Furthermore, paying vast sums to wheeler-dealers isn’t just outrageous; it’s dangerous. Why, after all, did bankers take such huge risks? Because success — or even the temporary appearance of success — offered such gigantic rewards: even executives who blew up their companies could and did walk away with hundreds of millions. Now we’re seeing similar rewards offered to people who can play their risky games with federal backing.

So what’s going on here? Why are paychecks heading for the stratosphere again? Claims that firms have to pay these salaries to retain their best people aren’t plausible: with employment in the financial sector plunging, where are those people going to go?

No, the real reason financial firms are paying big again is simply because they can. They’re making money again (although not as much as they claim), and why not? After all, they can borrow cheaply, thanks to all those federal guarantees, and lend at much higher rates. So it’s eat, drink and be merry, for tomorrow you may be regulated.

Or maybe not. There’s a palpable sense in the financial press that the storm has passed: stocks are up, the economy’s nose-dive may be leveling off, and the Obama administration will probably let the bankers off with nothing more than a few stern speeches. Rightly or wrongly, the bankers seem to believe that a return to business as usual is just around the corner.

We can only hope that our leaders prove them wrong, and carry through with real reform. In 2008, overpaid bankers taking big risks with other people’s money brought the world economy to its knees. The last thing we need is to give them a chance to do it all over again.

GET THIS BOOK!


 
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

*
ISBN-10: 1596986123

ISBN-13: 978-1596986121

 
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.  

           ISBN-10: 1596981091

           ISBN-13: 978-1596981096
Jobless rate is a national scandal, and nobody in Washington cares

 
By Brent Budowsky


http://mexicanoccupation.blogspot.com/2013/09/jobless-rate-is-national-scandal-and.html


The new jobless numbers are out, and the core jobless rate is a punishing 7.3 percent. It would be much higher, except the number of Americans who became depressed and just dropped out of the labor force is now at its highest in 35 years.

The real jobless rate is almost double that. This is a scandal. Shame on President Obama. Shame on Republicans. Shame on Congress. And shame on the media.


DURING OBAMA’S FIRST TERM, TWO-THIRDS OF ALL JOBS WENT TO IMMIGRANTS, BOTH LEGAL AND ILLEGAL. OBAMA SABOTAGED E-VERIFY TO EASE MORE LA RAZA MEXICANS INTO OUR JOBS and VOTING BOOTHS!
FIRE LEGALS to HIRE ILLEGALS on the cheap… but how
“cheap” is Mexico’s looting and occupation???

LAY OFF AMERICANS TO HIRE ILLEGALS… IT’S THE AMERICAN WALL STREET LOOTERS’ WAY!

Of course, the U.S. unemployment rate is at 7.3 percent, with millions of American workers at all skill levels out of work, and millions more so discouraged that they have left the work force altogether. In addition, at the same time the corporate officers seek higher numbers of immigrants, both low-skill and high-skill, many of their companies are laying off thousands of workers.