US retail sales plunge during “Black Friday” weekend
By Patrick Martin
2 December 2014
The five-day shopping period from November 27 through December 1, including Thanksgiving and the relentlessly promoted
“Black Friday,” “Small business Saturday” and “Cyber Monday,”
will turn out to be a bust in 2014, according to estimates by the
National Retail Federation. The drop in holiday sales reflects the
fact that the disposable incomes of working-class households
continue to stagnate and decline, despite a raging stock market and
record corporate profits.
UNIONS PARTNER WITH
WALL STREET-OWNED BARACK OBAMA and MEXICO TO KEEP WAGES DEPRESSED
These are self-serving lies pumped out by the ruling class
through its political servants and
media apologists. Since the financial crash of 2008, the Obama administration’s pro-
business policies of bank bailouts, virtually free money for the banks from the Federal
Reserve, wage and benefit cuts for auto workers, corporate tax cuts and deregulation have
transferred trillions from the working class to the super-rich.
media apologists. Since the financial crash of 2008, the Obama administration’s pro-
business policies of bank bailouts, virtually free money for the banks from the Federal
Reserve, wage and benefit cuts for auto workers, corporate tax cuts and deregulation have
transferred trillions from the working class to the super-rich.
Instead, the financial oligarchy that controls the economy and
both big-
business parties is determined to steal the pensions that tens of millions need
to survive and return workers to the dark days when they labored without end
until they died.
business parties is determined to steal the pensions that tens of millions need
to survive and return workers to the dark days when they labored without end
until they died.
OBAMA’S AMNESTY HOAX: Soaring welfare for
illegals… they already get our jobs!
"President Obama is going
rogue, doubling-down, and driving full speed towards a
constitutional
crisis," Representative Bob Goodlatte, a Virginia Republican who’s
chairman
of the House Judiciary Committee, said in a statement.
POVERTY – HALF OF
AMERICA HITS
BOTTOM!
BOTTOM!
OBAMANOMICS: HALF or NEARLY HALF OF AMERICA TEETERS ON THE
EDGE OF POVERTY… and yet the Democrat party is determined to legalize Mexico’s
looting and hand millions more jobs to Mexicans… simply to keep wages depressed
for their campaign contributing paymasters!
OBAMANOMICS and OPEN BORDERS:
The report found that the growth of global inequality has
accelerated sharply since the 2008 financial
crisis, as the values of financial assets have soared while wages have stagnated and declined.
crisis, as the values of financial assets have soared while wages have stagnated and declined.
IS
OBAMA BUSH’S THIRD AND FOURTH TERMS ON STEROIDS?
Obama replaced George W. Bush, who left office the most
reviled president in US history.
The election campaign was accompanied by an enormous amount of media marketing, with
a candidate who had no significant political history packaged as the agent of “hope” and
“change.”
The election campaign was accompanied by an enormous amount of media marketing, with
a candidate who had no significant political history packaged as the agent of “hope” and
“change.”
Upon coming to office, however, Obama pursued the most
right-wing agenda in US history.
It quickly emerged that whatever vague promises he made were insincere, and that his
administration was committed to an acceleration of the policies of the Bush
administration—overseeing a historic transfer of wealth to the rich, escalating military
violence abroad, and deepening the attacks on democratic rights within the United States.
He will go off and collect tens of millions in backend bribes from his crony banksters in the form of “speaking fees”.
IMF report: No end to economic
breakdown
It quickly emerged that whatever vague promises he made were insincere, and that his
administration was committed to an acceleration of the policies of the Bush
administration—overseeing a historic transfer of wealth to the rich, escalating military
violence abroad, and deepening the attacks on democratic rights within the United States.
BARACK OBAMA will
finally leave office having destroyed the American middle-class, leaving a nation with staggering debts and open
borders invaded and looted by NARCOmex.
He will go off and collect tens of millions in backend bribes from his crony banksters in the form of “speaking fees”.
This “Hope and
Change” clown who was nothing more than Bush’s third and fourth terms on
steroids will continue to blame the republican party he hoped to destroy with
amnesty for 40 million looting Mexicans.
IMF report: No end to economic
breakdown
Almost six
years after the eruption of the global financial crisis, the International
Monetary Fund has effectively ruled out any return to the economic growth rates
that preceded September 2008.
Income
inequality grows four times faster under
Obama than Bush …. we bankroll Mexico's
welfare state in our borders as the number of
Americans (Legals) sink into poverty! Illegals
also get all the jobs!
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.
No comments:
Post a Comment