In fact, The Obama Administration’s policies have been aimed at reviving US manufacturing on the basis of a significant reduction of workers’ wages.
As a result of these policies, the National Employment Law Project concluded in 2014 that “While the manufacturing sector has grown in recent years, wages are lower, the jobs are increasingly temporary, and the promised benefits have yet to be realized.”
THE RISE OF BARACK OBAMA and the
FALL of AMERICA
HOW A SOCIOPATH CONNED A NATION CALLING IT “HOPE & CHANGE” AND THEN BECAME GEORGE BUSH’S THIRD & FORTH TERMS ON STEROIDS.
“Part of the problem, Santorum said, has been the arrival of millions of unskilled immigrants — legal and illegal — in the United States. "American workers deserve a shot at [good] jobs," Santorum said. "Over the last 20 years, we have brought into this country, legally and illegally, 35 million mostly unskilled workers. And the result, over that same period of time, workers' wages and family incomes have flatlined." SEN. RICK SANTORUM
Not a single major bank has been closed down or broken up since the 2008 crash, triggered by reckless and illegal speculative activities. Not a single bank CEO or top official has been prosecuted or jailed for crimes that have led to the impoverishment of countless millions of people.
Wednesday’s settlement is further evidence of the reassertion of the aristocratic principle in contemporary capitalist society: there is one set of laws for the vast majority, the working people, and an entirely different legal framework for the financial oligarchs—one that can be summed up with the phrase “Anything goes.”
OBAMA: SERVANT OF THE 1%
Richest one percent controls nearly half of global wealth
The richest one percent of the world’s population now controls 48.2 percent of global wealth, up from 46 percent last year.
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.
OBAMA’S CRONY BANKSTERS DESTROY THE GLOBAL ECONOMY
OBAMANOMICS: The escalation of global financial parasitism