Friday, January 17, 2014

OBAMA'S WALL STREET-DRIVE CRONY CAPITALISM: Starting year six, does Obama finally own the economy? | WashingtonExaminer.com

Starting year six, does Obama finally own the economy? | WashingtonExaminer.com

US Congress passes bipartisan austerity budget
By Andre Damon
17 January 2014
The US Senate approved a $1.1 trillion budget Thursday, making permanent the vast majority of last year's “sequester” cuts while increasing federal employee pension contributions and weakening corporate regulations.

The budget vote follows the Christmas cutoff of extended jobless benefits for 1.3 million workers and precedes an imminent deal to slash an additional $9 billion from food stamp benefits.


MORE HERE:

US Congress passes bipartisan austerity budget


POVERTY IN AMERICA .... as WALL STREET

loots!

UNDER OBAMA IT IS SOARING POVERTY FOR AMERICANS BUT STILL SOARING PROFITS FOR HIS BANKSTER DONORS!


THERE ARE MILLIONS OF ILLEGALS IN OUR JOBS AND BILLIONS IN WELFARE HANDED OVER TO ILLEGALS SO THEY KEEP COMING AND KEEP WAGES DEPRESSED FOR THE BENEFIT OF THE POLITICIANS’ PAYMASTERS!

 

THE DEMS WAR ON POVERTY…. MEXICO’S NOT AMERICA’S …. as their bankster paymasters loot Americans wave after wave!

 


 

WELFARE – THE STAGGERING COST OF MEXICO’S LA RAZA WELFARE STATE IN AMERICA. THESE ARE  !ONLY! WELFARE COST AND DO NOT INCLUDE THE COST OF THE MEXICAN CRIME TIDAL WAVE, OR THE ULTIMATE COST OF MEXICO’S ASSAULT ON OUR BORDERS, LAWS AND CULTURE… Push 2 for English!

According to the Centers for Immigration Studies, April '11, at least 70% of Mexican illegal alien families receive some type of welfare in the US!!! cis.org



 
DEMOCRATS PARTNER WITH REPUBLICANS TO CUT UNEMPLOYMENT BENEFITS AND WELFARE TO AMERICAS…. even as they hand millions of our jobs to voting illegals and expand Mexico’s LA RAZA welfare state off our backs!


 
Heritage: Amnestied Illegals Will Get $9.4T in Benefits; Increase Debt $6.3T'

what is the REAL cost of all that “CHEAP” Mexican labor? Add it up and then factor in the MEXICAN CRIME TIDAL WAVE and the fact that the MEXICAN  now operate in 2,500 American cities!

http://mexicanoccupation.blogspot.com/2013/05/will-obamas-ammnesty-bankrupt-us.html


OBAMANOMICS SERVES THE 1%

The only beneficiaries of the Fed’s program have been the ultra-wealthy, who are actually profiting from the ongoing and deepening crisis. On Thursday, the Wall Street Journal reported soaring bonuses for US bankers under the headline “Bankers’ Stock Awards Jet Higher.” Goldman Sachs bonuses, the newspaper noted, have increased $600 million over the past year due to the rise in the bank’s stock price.

As Lagarde acknowledged in her address, since 2009 some 95 percent of income gains in the US have gone to the top one percent of the population. “This is not a recipe for stability and sustainability,” she said.

MORE HERE:

Deflation threat poses new dangers to world economy



CRONY CAPITALISM: Obama vows Wall Street’s looting will reach even greater dimensions during 2014.

………….. and his bankster donors’ profits are soaring!!!  


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NO ONE HAS WORKED HARDER FOR CRONY CRIMINAL BANKSTER THAN BARACK OBAMA… JAMIE DIMON IS ONE OF OBAMA’S BIGGEST CONTRIBUTORS!

Why aren’t the Wall Street criminals prosecuted?


By Barry Grey
7 January 2014

In May 2012, only days after JPMorgan Chase’s Jamie Dimon revealed that his bank had lost billions of dollars in speculative bets, President Barack Obama publicly defended the multi-millionaire CEO, calling him “one of the smartest bankers we’ve got.” What Obama did not mention is that Dimon is a criminal.

 


JPMorgan is not the exception; it is the rule. Virtually every major bank that operates on Wall Street has settled charges of fraud and criminality on a staggering scale. In 2011, the Senate Permanent Subcommittee on Investigations released a 630-page report on the financial crash of 2008 documenting what the committee chairman called “a financial snake pit rife with greed, conflicts of interest and wrongdoing.”

These multiple crimes by serial lawbreakers have had very real and very destructive consequences. The entire world has been plunged into an economic slump that has already lasted more than five years and shows no signs of abating. Tens of millions of families have lost their homes as a result of predatory mortgages pushed by JPMorgan and other Wall Street banks.


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