Wednesday, July 8, 2015

MICHELLE MALKIN: BUILDING THE LA RAZA SUPREMACY WELFARE STATE ON OUR BACKS - Is Your Church Abetting Sanctuary Nation? | CNS News

Is Your Church Abetting Sanctuary Nation? | CNS News


MARK LEVIN on the GOP surrendering to Obama’s LA RAZA SUPREMACY:

"We are not a nation of immigrants. We are a nation of citizens," Levin said to applause. "I am sick and tired of the American citizen being demeaned and treated as a second-class citizen while anybody who crosses the border is treated as the most virtuous human being on the face of the earth."
 

THE NARCOMEX BORDER CRIME WAVE:

Top 5 Districts for Criminal Cases in U.S. District Court Are on Mexican Border | CNS News

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

THIS MAY BE ONE OF THE  MOST SHOCKING THINGS YOU WILL READ ABOUT THE MEX INVASION!

SOMEDAY IS HERE TODAY!

A NATION SURRENDERS TO LA RAZA SUPREMACY!

HOW MANY ILLEGALS WERE DEPORTED FROM YOUR COUNTY?

A county by county chart:

Why do Americans still protect the illegals??
 
THE REALITY OF OPEN BORDERS: The La Raza Crime Tidal Wave!
That total includes 476 illegal aliens (23%) who had re-entered the United States after previously being deported, federal officials said Monday at a joint press conference by ICE and the Department of Homeland Security.
*
Of the 2,059 criminals arrested, 1,013 -- almost half -- had been convicted of more than one crime; and 1,036 had been convicted of a felony, including voluntary manslaughter, child pornography, robbery and kidnapping.
Of the total 2,059 criminals arrested, 58 are known gang members or affiliates, and 89 are convicted sex offenders.
An additional 912 illegal aliens were arrested for multiple "significant misdemeanors," mostly repeated convictions for driving under the influence.
 
BARACK OBAMA’S LA RAZA “The Race” CRIME TIDAL WAVE… How much does this Cretan hate America?
 
KAMALA HARRIS (LA RAZA SUPREMACY DEM) IS GUILTY OF MURDER.
SHOULD SHE REPLACE SEN. BARBARA “BRIBES” BOXER IN THE U.S. SENATE?
 
Perhaps because of all of these factos, a Reuters poll found that 70% of Americans, including 86% of Republicans, believe illegal immigrants "threaten traditional U.S. beliefs and customs," while 63% believe that "immigrants place a burden on the economy."
 
 
Byron York: What is the real number of illegal border crossings? Washington Examiner
                                                                                                                                                                                 
JUDICIAL WATCH: 165,000 MEX CRIMINALS ON THE LOOSE.
IT’S ALL PART OF OBAMA’S CATCH, RELEASE, LOOT AND VOTE DEM PROGRAM!
“Until lawmakers end the catch-and-release policies of the Obama administration,” said Jessica Vaughan of the Center for Immigration Studies, “any infrastructure improvements, new strategies, and better metrics are pointless.”
MEXICO’S BIGGEST EXPORT NEXT TO DRUGS: criminals!
MORE MEX CRIMINALS RELEASED ON US BY OBAMA’S LA RAZA-CONTROLLED DHS
GUILTY! OBAMA AND THE MEXICAN CRIME TIDAL WAVE HE INVITES
BORDERS, NO E-VERIFY, NO ENFORCEMENT and NO LEGAL NEED APPLY!
REALLY WANT TO HAND THESE PEOPLE AMNESTY? THEY ALREADY GET OUR JOBS AND BILLIONS IN WELFARE!


ANOTHER MEXICAN MURDERER ON THE LOOSE.
 
The woman, 32-year-old Kathryn Steinle (“Kate”), was struck in the chest with a bullet while visiting Pier 14 on the Embarcadero with her family. She was rushed to a nearby hospital but doctors were unable to save her, as she died in her parents’ arms a few hours later.
The suspect, Francisco Sanchez, was identified as being in his mid-40s and on probation from Texas due to previous, undisclosed crimes. He was arrested after tips from passers-by. Officials said that the killing appeared to be random.
 


PATRICK BUCHANAN: OBAMA’S ASSAULT  ON AMERICA BEGINS AT OUR BORDERS



“Yet nothing that happens on these borders
imperils America so much as what is happening on our own bleeding border with Mexico.”  Patrick Buchanan

 
JUDICIAL WATCH SOUNDS THE ALARM!

THE ILLEGALS’ CRIME TIDAL WAVE in our OPEN and UNDEFENDED BORDERS!


“In all, the newspaper identified 424 released illegal immigrants convicted of sex-related crimes in the records obtained under the lawsuit. Around half appeared in the national public sex offender registry as required by law. Of the registered sex offenders, 53 failed to re-register after ICE released them and the agency didn’t bother to follow up.” JUDICIAL WATCH

AMERICA’S THIRD-WORLD INVASION… isn’t it really ONLY about keeping wages depressed???


AN AMERICAN SEES and SPEAKS…

REALITY OF THE LA RAZA SUPREMACIST OCCUPATION:
I'm half Mexican, I live on the U.S. / Mexico international border - exactly 1.6 miles from the International bridge.
Listen, the VAST majority of these ILLEGAL SQUATERS do NOT - I repeat - DO NOT want to become U.S. citizens.
They see the U.S. as a MEAL TICKET, they DON'T want to pay taxes, wave an American flag, learn our language or follow our laws.
Mexico - far, far away from the fancy seaside resorts some of you all may have visited is a HELL HOLE.
These ILLEGAL ALIENS see the U.S. as an extension of "their area" with NO CONCERN or aspirations to be "Americans."

REALITY CHECK:

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

40% of Federal Criminal Cases in 2013 Were in Districts on Mexican Border


Non-deportation rate drops — to 99.2 percent

By Stephen Dinan             

Saturday, May 18, 2013

The Homeland Security Department has granted legal status to 99.2 percent of all illegal immigrants who have applied under President Obama's new non-deportation policy for young adults, according to the latest numbers released Friday.


DEPORTATION LIES: Obama’s conspiracy to surrender to our borders to Mexico as he fights for the borders of Muslim dictators over there.





 




MURDERING MEXICANS

Another illegal criminal commits a brutal murder of a young woman and her young child. Still want to say Donald Trump was wrong about illegals murdering Americans.

Less than one week after 32 year old Kate Steinle was shot and killed by a 7 time illegal felon who had been deported 5 times another illegal felon commits murder.

Fragos-Ramirez-KOMO
On July 2nd, a man who was deported to Mexico last year but returned to the U.S. illegally murdered his teenage girlfriend and her 3 year old son.

25 year-old Prudencio Juan Fragos-Ramirez was charged with murdering 18 year-old Maria G. Cruiz-Calvillo and her 3 year-old son Luis F. Lopez-Cruz by first shooting them and then setting them on fire.
Cruiz-Calvillo and Luis had gunshot wounds, and according to coroner reports, the child was probably still alive when he was set him aflame. The child's fourth birthday would have been this Thursday.

- See more at:
http://truthuncensored.net/illegal-alien-murders-young-woman-and-bu...

Let us not forget 13 Americans are killed a day by Illegals and remember that next time you vote the demon democrats and Obummer did this to us ... Sold us out for future democrat votes they do not care about Americans at all
..








 
  
 

THE NARCOMEX DRUG BORDER ON AMERICA'S OPEN BORDERS - Top 5 Districts for Criminal Cases in U.S. District Court Are on Mexican Border | CNS News

Top 5 Districts for Criminal Cases in U.S. District Court Are on Mexican Border | CNS News

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

THIS MAY BE ONE OF THE  MOST SHOCKING THINGS YOU WILL READ ABOUT THE MEX INVASION!

SOMEDAY IS HERE TODAY!

A NATION SURRENDERS TO LA RAZA SUPREMACY!

HOW MANY ILLEGALS WERE DEPORTED FROM YOUR COUNTY?

A county by county chart:

Why do Americans still protect the illegals??
 
THE REALITY OF OPEN BORDERS: The La Raza Crime Tidal Wave!
That total includes 476 illegal aliens (23%) who had re-entered the United States after previously being deported, federal officials said Monday at a joint press conference by ICE and the Department of Homeland Security.
*
Of the 2,059 criminals arrested, 1,013 -- almost half -- had been convicted of more than one crime; and 1,036 had been convicted of a felony, including voluntary manslaughter, child pornography, robbery and kidnapping.
Of the total 2,059 criminals arrested, 58 are known gang members or affiliates, and 89 are convicted sex offenders.
An additional 912 illegal aliens were arrested for multiple "significant misdemeanors," mostly repeated convictions for driving under the influence.
 
BARACK OBAMA’S LA RAZA “The Race” CRIME TIDAL WAVE… How much does this Cretan hate America?
KAMALA HARRIS (LA RAZA SUPREMACY DEM) IS GUILTY OF MURDER.
SHOULD SHE REPLACE SEN. BARBARA “BRIBES” BOXER IN THE U.S. SENATE?
 
Perhaps because of all of these factos, a Reuters poll found that 70% of Americans, including 86% of Republicans, believe illegal immigrants "threaten traditional U.S. beliefs and customs," while 63% believe that "immigrants place a burden on the economy."
Byron York: What is the real number of illegal border crossings? Washington Examiner
                                                                                                                                                                                  
JUDICIAL WATCH: 165,000 MEX CRIMINALS ON THE LOOSE.
IT’S ALL PART OF OBAMA’S CATCH, RELEASE, LOOT AND VOTE DEM PROGRAM!
“Until lawmakers end the catch-and-release policies of the Obama administration,” said Jessica Vaughan of the Center for Immigration Studies, “any infrastructure improvements, new strategies, and better metrics are pointless.”
MEXICO’S BIGGEST EXPORT NEXT TO DRUGS: criminals!
MORE MEX CRIMINALS RELEASED ON US BY OBAMA’S LA RAZA-CONTROLLED DHS
GUILTY! OBAMA AND THE MEXICAN CRIME TIDAL WAVE HE INVITES
BORDERS, NO E-VERIFY, NO ENFORCEMENT and NO LEGAL NEED APPLY!
REALLY WANT TO HAND THESE PEOPLE AMNESTY? THEY ALREADY GET OUR JOBS AND BILLIONS IN WELFARE!


ANOTHER MEXICAN MURDERER ON THE LOOSE.
 
The woman, 32-year-old Kathryn Steinle (“Kate”), was struck in the chest with a bullet while visiting Pier 14 on the Embarcadero with her family. She was rushed to a nearby hospital but doctors were unable to save her, as she died in her parents’ arms a few hours later.
The suspect, Francisco Sanchez, was identified as being in his mid-40s and on probation from Texas due to previous, undisclosed crimes. He was arrested after tips from passers-by. Officials said that the killing appeared to be random.
 

PATRICK BUCHANAN: OBAMA’S ASSAULT  ON AMERICA BEGINS AT OUR BORDERS
“Yet nothing that happens on these borders
imperils America so much as what is happening on our own bleeding border with Mexico.”  Patrick Buchanan

 
JUDICIAL WATCH SOUNDS THE ALARM!
THE ILLEGALS’ CRIME TIDAL WAVE in our OPEN and UNDEFENDED BORDERS!
“In all, the newspaper identified 424 released illegal immigrants convicted of sex-related crimes in the records obtained under the lawsuit. Around half appeared in the national public sex offender registry as required by law. Of the registered sex offenders, 53 failed to re-register after ICE released them and the agency didn’t bother to follow up.” JUDICIAL WATCH
AMERICA’S THIRD-WORLD INVASION… isn’t it really ONLY about keeping wages depressed???
AN AMERICAN SEES and SPEAKS…
REALITY OF THE LA RAZA SUPREMACIST OCCUPATION:
I'm half Mexican, I live on the U.S. / Mexico international border - exactly 1.6 miles from the International bridge.
Listen, the VAST majority of these ILLEGAL SQUATERS do NOT - I repeat - DO NOT want to become U.S. citizens.
They see the U.S. as a MEAL TICKET, they DON'T want to pay taxes, wave an American flag, learn our language or follow our laws.
Mexico - far, far away from the fancy seaside resorts some of you all may have visited is a HELL HOLE.
These ILLEGAL ALIENS see the U.S. as an extension of "their area" with NO CONCERN or aspirations to be "Americans."
REALITY CHECK:
"The American Southwest seems to be slowly returning to the jurisdiction of Mexico without firing a single shot."  --- Excelsior, the national newspaper of Mexico
40% of Federal Criminal Cases in 2013 Were in Districts on Mexican Border
Non-deportation rate drops — to 99.2 percent
By Stephen Dinan             
Saturday, May 18, 2013
The Homeland Security Department has granted legal status to 99.2 percent of all illegal immigrants who have applied under President Obama's new non-deportation policy for young adults, according to the latest numbers released Friday.
DEPORTATION LIES: Obama’s conspiracy to surrender to our borders to Mexico as he fights for the borders of Muslim dictators over there.
 
 
 
 
 

 

IN AMERICA, JOBS GO FIRST TO "CHEAP" LABOR ILLEGALS.... ALONG WITH BILLIONS IN WELFARE! - Summer joblessness for US teens remains near record levels

Summer joblessness for US teens remains near record levels

"The disastrous employment prospects facing teenagers is just one

indicator of the ongoing social crisis facing the working class more

than six years into the so-called economic “recovery” proclaimed

by the Obama administration, which has witnessed an immense

growth of poverty and mass unemployment amid the vast

enrichment of the US financial oligarchy."


SHOULD ALL THE JOBS STILL GO TO ILLEGALS???

Summer joblessness for US teens remains near record levels

By Nick Barrickman
8 July 2015
Six years after the official end of the 2008 recession and the proclamation that the United States was in the midst of an economic “recovery,” employment prospects for teenagers, who traditionally seek temporary employment after schools close for the summer months, remain dire.

“Despite significant improvements in the U.S. labor market and the economy over the past few years, teenagers are still facing Depression Era-like labor market problems,” noted a study published by Drexel University in May.

Since 2000, the share of youth ages 16-19 working during the summer months fell from nearly 52 percent to less than 27 percent today; the largest drop in employment for any age group throughout the period, according to the Drexel report.

Year-round employment for youth dropped from 45 percent to 27 percent since 2000, according to the Labor Department. Employment for those aged 20-24 also plummeted during this period; dropping by 9.8 percent.

Over 3.23 million teenagers wished to work but could not find employment, representing a level of under-employment of more than 40 percent for this age demographic, the highest of any working-age group.

Although there are millions more teenagers today compared to 15 years ago, the number of teens employed in 2014 was 4.5 million, compared to 7.2 million in 2000.

The Drexel report noted that wealthy teens are much more likely to hold jobs over the summer. Less than 20 percent of youth from homes with annual incomes lower than $20,000 held a job in 2014, compared to 41 percent from homes with incomes of $100,000 to $149,000.

The Drexel report notes that despite the fact that “[w]ork experience provides young people with… desirable behavioral traits… that are important across all occupations and careers in the labor market… It is a sad fact that given such positive impacts of summer employment among teens, the summer job prospects have diminished in the U.S. since the beginning of the decade.”

In recent years, federal budgets passed by Democrats and Republicans have slashed funds to numerous job-training programs benefiting working-class youth.

In 2013 alone, a report by the National Skills Coalition (NSC) found that the federal sequester budget cuts implemented that year slashed at least 25 percent of the funding for 35 percent of all job training and workforce support programs.

New York City, where in 1999 over 82 percent of all funding for youth job programs came from the federal government, now receives no federal money for jobs programs for teenagers.... but millions of jobs go to illegals and billions in welfare!

 In May, New York City’s Democratic Mayor Bill de Blasio announced the further slashing of $24 million in public grants for the city’s summer youth programs.

A report released by the University of Chicago Crime Lab last year found youth enrolled in that city’s summer work program were 43 percent less likely to be arrested for violent crime. Last weekend, street violence claimed the lives of 7 young people in Chicago, including a seven-year old.

Mass youth unemployment is an international phenomenon. In Spain, youth unemployment stands at 53.2 percent; In Greece, currently wracked by a massive debt crisis, 52.4 percent of young people remain jobless, as do 34.7 percent in Portugal.

A recent report issued by the Organization for Economic Co-operation and Development (OECD) shows that the number of youth neither in education, employment or training (NEET) has reached record levels in developed countries.

The disastrous employment prospects facing teenagers is just one indicator of the ongoing social crisis facing the working class more than six years into the so-called economic “recovery” proclaimed by the Obama administration, which has witnessed an immense growth of poverty and mass unemployment amid the vast enrichment of the US financial oligarchy.

The worth of a society can be measured by the prospects it holds out for young people. By that measure, the conditions facing youth under the present social order stand as an indictment of the capitalist system.



AMERICA’S YOUTH TURN ON THE “HOPE & CHANGE” GUY…. in massive numbers!

 


 

OBAMA'S AMERICA: THE RICH LOOT, THE REST GET THE TAX BILLS FOR THEIR CRIMES AND BAILOUTS!

The stock market is booming, the Forbes 400 are richer than ever, yet the conditions for youth and workers are disastrous. War continues without end, and Obama has gone far beyond Bush in rendering the Bill of Rights a dead letter.


 
THE AMNESTY ASSAULT on AMERICA’S YOUTH – It’s all about keeping wages depressed!

Here are some key facts presented by the CBO: 1) There are now 40 million foreign-born people living in the United States, making immigrants a bigger share of our national population than at any time since 1920. 2) Twenty-two million — a majority of the foreign born — are non-citizens. 3) Eleven-and-a-half million — a majority of the non-citizens — are illegal aliens.



AMERICA’S ASSAULT on AMERICAN YOUTH   … illegals still get the jobs and welfare




One in four  workers earn poverty wages

 

OBAMAnomics:

 

"The politicians don’t care about the working and young people. We have billions in student loan debts, but they don’t help us, but they give billions to the wealthy."

 

By Douglas Lyons
2 September 2013

One in four n workers, and two out of three workers under 24, are paid poverty wages according to a recent report released by the Keystone Research Center.



 

The fraud of Obama’s “Student Aid Bill of Rights”


By Nancy Hanover
23 March 2015


Last week President Obama announced a series of executive actions that he dubbed a “Student Aid Bill of Rights.” 

The initiative is partially an exercise in damage control. It follows a series of lawsuits and scandals involving the Department of Education (DOE). The government agency has become the target of growing anger for protection of predatory student loan collection agencies, its bailout of the for-profit career college chain Corinthian and its overall profit-taking from student loans.
 

http://mexicanoccupation.blogspot.com/2015/03/barack-obama-and-his-crony.html

 

The 43 million Americans who owe some $1.3

trillion in student loan debt were offered zero

forgiveness. In fact, Obama does not propose

even one measure to actually lessen the ever-

escalating cost of college or encroach on the

lucrative business of student loan debt. All the

“rights” remain in the hands of the

government, the banks and hedge funds.

 
Far from a “Bill of Rights” Obama continues to deliver a fraudulent

bill of goods. At every point, his administration has protected the

financial industry in looting an entire generation of students,

preventing millions of young people from either attaining the

education they desire or making them pay through the nose for the

rest of their lives.

 
 AMERICA: No Legal Need Apply!!!

But we still get the tax bills for Mexico’s crime tidal wave and anchor baby welfare state in our open borders!

 “Meanwhile, millions of native-born Americans, especially men, have abandoned the job market altogether. The percentage of men aged 25 to 54 who are working or looking for work has dropped to the lowest point in recorded history.”


JOBS ALL GO TO ILLEGALS

JUST  LOOK AROUND YOU… when do you see a job not held by a Mexican?


Labor statistics show that foreign-born workers account for all net gains in U.S. employment in the past seven years, according to a group that advocates low immigration.

The Center for Immigration Studies issued a report Friday that found 1.5 million fewer U.S.-born workers employed in 2014 than prior to the recession in 2007. Foreign-born employment for both legal and illegal immigrants increased by more than 2 million workers during the same time period.
 

SEN. ELIZABETH WARREN:

Did Obamanomics destroy the American middle class and build the LA RAZA Mexican welfare state in its place?




Sen. Elizabeth Warren Says the "Hope and Change" Clown's TRADE AGREEMENT is simply more hopelessness for workers and no change for their exploiters





JUDICIAL WATCH:


OBAMA RANKS AS THE MOST CORRUPT PRESIDENT IN MODERN AMERICAN HISTORY


BARACK OBAMA and the DEATH of the AMERICAN MIDDLE-CLASS.



WITH THE MIDDLE-CLASS DEAD AND BURIED, WILL THE MEXICAN FASCIST PARTY of LA RAZA “The Race” HELP OBAMA BUILD HIS DICTATORSHIP? Do a search for Obama and La Raza Fascism!

 


RASMUSSEN POLL: Hillary Clinton is a bad clone of Barack Obama owned by the same bankster paymasters as Obama



CRONY CAPITALISM and the FALL  of A DEMOCRATIC NATION

OBAMA’S LOOTING BANKSTERS AGREE TO FUND HIS DICTATORSHIP…. They owned him from day one!


“The vast sums of money pocketed by bank executives are bound up with activities that range from borderline legal to flagrantly illegal. Nearly all of the CEOs included on the list head banks that have been the subject of multiple investigations and fines related to the rigging of global interest and foreign exchange rates, mortgage fraud, money laundering, tax evasion and other crimes.”

OBAMA-CLINTONomics:

CEO PAY 300 TIMES GREATER THAN WORKERS…. AMNESTY WILL MAKE THOSE FIGURES SOAR HIGHER!
 

 
“Historically speaking, the rise in CEO compensation is tied to the global decline of American capitalism and the increasing financialization of the economy. In 1965 the ratio of CEO to worker pay was 20 to 1. By 1978 the ratio had only grown to 30 to 1. It was only in the 90s that CEO pay reached absurd heights, rising from 59 to 1 in 1989 to 376 to 1 in 2000.”

“In 2014 the Russell Sage Foundation found that between 2003 and 2013, the median household net worth of those in the United States fell from $87,992 to $56,335—a drop of 36 percent. …While the rich also saw their wealth drop during the recession, they are more than making that money back. Between 2009 and 2012, 95 percent of all the income gains in the US went to the top 1 percent. This is the most distorted post-recession income gain on record.”

 OBAMA-CLINTONomics: the final death of the American middle-class



AMNESTY: IT’S ALL ABOUT KEEPING WAGES DEPRESSED.

"While it is not spelt out directly, the BIS critique of the present policies is an expression of the fact that, in the final analysis, the source of all forms of profit is the surplus value extracted from the working class. Therefore, the only way for capital to overcome its crisis and restore stability is a massive increase in exploitation."

 

While the growth of social inequality has dramatically accelerated following the 2008 crash, this is a continuation of a decades-long process. The report notes, “Top 1 percent incomes grew by 80.0% from 1993 to 2014. This implies that top 1 percent incomes captured almost 60% of the overall economic growth of real incomes per family over the period 1993-2014.”

 

In fact, the US government’s response to the 2008 crash has been dedicated to inflating the wealth of the super-rich while driving down incomes for the vast majority of the population. The White House has protected Wall Street executives from legal prosecution, while the Federal Reserve has handed out trillions of dollars in cheap money through “quantitative easing” programs, leading share values to triple on major US exchanges.

 

On Thursday, US President Barack Obama plans to unveil what he has called a major new policy initiative in a speech in La Crosse, Wisconsin. The proposal entails new federal rules that would make an additional 3 percent of the US population eligible for overtime pay. If adopted, the change would add a mere $1.3 billion to worker’s wages annually. This is a tiny fraction of the trillions of dollars that have been transferred to the financial elite since the 2008 financial crisis.

 
THE MAN THAT CALLED HIS HOAX “HOPE & CHANGE”

'Incompetent' and 'liar' among most frequently used words to describe the president: Pew Research Center
 

“The larger fear is that Obama might be just another corporatist, punking voters much as the Republicans do when they claim to be all for the common guy.”

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



In fact, the US government’s response to the 2008 crash has been dedicated to inflating the wealth of the super-rich while driving down incomes for the vast majority of the population. The White House has protected Wall Street executives from legal prosecution, while the Federal Reserve has handed out trillions of dollars in cheap money through “quantitative easing” programs, leading share values to triple on major US exchanges.


BANKSTERS and the ongoing looting of the American people…..
“I’m not here to punish banks!” Barack Obama – State of the Union Message
 
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.”
 
OBAMAnomics: OBAMA AND HIS WALL STREET CRONIES LOOTING AMERICA!


These are only the most striking of a barrage of numbers reported in recent weeks, demonstrating that for the US financial aristocracy, the Crash of 2008 has been used to engineer a historic redistribution of wealth.

JOBS 71% GO TO FOREIGNERS.

Report: 71 Percent of New Jobs Go to Foreign Born Legal, Illegal Immigrants in NH | CNS News …. THE AMERICAN MIDDLE CLASS STILL GETS THE TAX BILLS FOR MEXICO’S CRIMES AND WELFARE  STATE IN OUR OPEN BORDERS!



 

While the growth of social inequality has dramatically accelerated following the 2008 crash, this is a continuation of a decades-long process. The report notes, “Top 1 percent incomes grew by 80.0% from 1993 to 2014. This implies that top 1 percent incomes captured almost 60% of the overall economic growth of real incomes per family over the period 1993-2014.”

 

In fact, the US government’s response to the 2008 crash has been dedicated to inflating the wealth of the super-rich while driving down incomes for the vast majority of the population. The White House has protected Wall Street executives from legal prosecution, while the Federal Reserve has handed out trillions of dollars in cheap money through “quantitative easing” programs, leading share values to triple on major US exchanges.

 

On Thursday, US President Barack Obama plans to unveil what he has called a major new policy initiative in a speech in La Crosse, Wisconsin. The proposal entails new federal rules that would make an additional 3 percent of the US population eligible for overtime pay. If adopted, the change would add a mere $1.3 billion to worker’s wages annually. This is a tiny fraction of the trillions of dollars that have been transferred to the financial elite since the 2008 financial crisis.





"During the month, some 432,000 people in the US gave up looking for a job." EVEN AS JEB BUSH, HILLARY CLINTON and BERNIE SANDERS PREACH AMNESTY! AMNESTY! AMNESTY!

"The American phenomenon of record stock values fueling an ever greater concentration of wealth at the very top of society, while the economy is starved of productive investment, the social infrastructure crumbles, and working class living standards are driven down by entrenched unemployment, wage-cutting and government austerity policies, is part of a broader global process."


HILLARY CLINTON'S BIGGEST DONORS ARE OBAMA'S CRIMINAL CRONY

BANKSTERS!

"A defining expression of this crisis is the dominance of financial speculation and parasitism, to the point where a narrow international financial aristocracy plunders society’s resources in order to further enrich itself."

Federal Reserve documents stagnant state of US economy

Federal Reserve documents stagnant state of US economy

By Barry Grey
21 July 2015
The US Federal Reserve Board last week released its semiannual Monetary Policy Report to Congress, providing an assessment of the state of the American economy and outlining the central bank’s monetary policy going forward. The report, along with Fed Chair Janet Yellen’s testimony before both the House of Representatives and the Senate, as well as a speech by Yellen the previous week in Cleveland, present a grim picture of the reality behind the official talk of economic “recovery.”
In her prepared remarks to Congress last Wednesday and Thursday, Yellen said, “Looking forward, prospects are favorable for further improvement in the US labor market and the economy more broadly.”

She reiterated her assurances that while the Fed would likely begin to raise its benchmark federal funds interest rate later this year from the 0.0 to 0.25 percent level it has maintained since shortly after the 2008 financial crash, it would do so only slowly and gradually, keeping short-term rates well below historically normal levels for an indefinite period.

This was an expected, but nevertheless welcome, signal to the American financial elite, which has enjoyed a spectacular rise in corporate profits, stock values and personal wealth since 2009 thanks to the flood of virtually free money provided by the Fed.

"But as Yellen’s remarks and the Fed report indicate, the explosion of asset values and wealth accumulation at the very top of the economic ladder has occurred alongside an intractable and continuing slump in the real economy."

In her prepared testimony to the House Financial Services Committee and the Senate Banking Committee, Yellen noted the following features of the performance of the US economy over the first six months of 2015:

* A sharp decline in the rate of economic growth as compared to 2014, including an actual contraction in the first quarter of the year.

* A substantial slackening (19 percent) in average monthly job-creation, from 260,000 last year to 210,000 thus far in 2015.

* Declines in domestic spending and industrial production.
In her July 10 speech to the City Club of Cleveland, Yellen cited an even longer list of negative indices, including:

* Growth in real gross domestic product (GDP) since the official beginning of the recovery in June, 2009 has averaged a mere 2.25 percent per year, a full one percentage point less than the average rate over the 25 years preceding what Yellen called the “Great Recession.”
* While manufacturing employment nationwide has increased by about 850,000 since the end of 2009, there are still almost 1.5 million fewer manufacturing jobs than just before the recession.

* Real GDP and industrial production both declined in the first quarter of this year. Industrial production continued to fall in April and May.

* Residential construction (despite extremely low mortgage rates by historical standards) has remained “quote soft.”

* Productivity growth has been “weak,” largely because “Business owners and managers… have not substantially increased their capital expenditures,” and “Businesses are holding large amounts of cash on their balance sheets.”

* Reflecting the general stagnation and even slump in the real economy, core inflation rose by only 1.2 percent over the past 12 months.

The Monetary Policy Report issued by the Fed includes facts that are, if anything, even more alarming, including:

* “Labor productivity in the business sector is reported to have declined in both the fourth quarter of 2014 and the first quarter of 2015.”
* “Exports fell markedly in the first quarter, held back by lackluster growth abroad.”

* “Overall construction activity remains well below its pre-recession levels.”

* “Since the recession began, the gains in… nominal compensation [workers’ wages and benefits] have fallen well short of their pre-recession averages, and growth of real compensation has fallen short of productivity growth over much of this period.”

* “Overall business investment has turned down as investment in the energy sector has plunged. Business investment fell at an annual rate of 2 percent in first quarter… Business outlays for structures outside of the energy sector also declined in the first quarter…”

The report incorporates the Fed’s projections for US economic growth, published following the June meeting of the central bank’s policy-setting Federal Open Market Committee. They include a downward revision of the projection for 2015 to 1.8 percent-2.0 percent from the March projection of 2.3 percent to 2.7 percent.

That the US economy continues to stagnate and even contract is indicated by two surveys released last week while Yellen was testifying before Congress. The Fed reported that factory production failed to increase in June for the second straight month and output in the auto sector fell 3.7 percent. The Commerce Department reported that retail sales unexpectedly fell in June, declining by 0.3 percent.
These statistics follow the employment report for June, which showed that the share of the US working-age population either employed or actively looking for work, known as the labor force participation rate, fell to 62.6 percent, its lowest level in 38 years. During the month, some 432,000 people in the US gave up looking for a job.

The disastrous figures on business investment are perhaps the most telling indicators of the underlying crisis of the capitalist system. The Fed report attributes the sharp decline so far this year primarily to the dramatic fall in oil prices and resulting contraction in investment and construction in the energy sector. But the plunge in oil prices is itself a symptom of a general slowdown in the world economy.
Moreover, a dramatic decline in productive investment is common to all of the major industrialized economies of Europe and North America. In its World Economic Outlook of last April, the International Monetary Fund for the first time since the 2008 financial crisis acknowledged that there was no prospect for an early return to pre-recession levels of economic growth, linking this bleak prognosis to a general and pronounced decline in productive investment.

The American phenomenon of record stock values fueling an ever greater concentration of wealth at the very top of society, while the economy is starved of productive investment, the social infrastructure crumbles, and working class living standards are driven down by entrenched unemployment, wage-cutting and government austerity policies, is part of a broader global process.
The economic crisis in the US and internationally is not simply a conjunctural downturn. It is a systemic crisis of global capitalism, centered in the US. A defining expression of this crisis is the dominance of financial speculation and parasitism, to the point where a narrow international financial aristocracy plunders society’s resources in order to further enrich itself.

While the economy is starved of productive investment, entirely parasitic and socially destructive activities such as stock buybacks, dividend hikes and mergers and acquisitions return to pre-crash levels and head for new heights. US corporations have spent more on stock buybacks so far this year than on factories and equipment.
The intractable nature of this crisis, within the framework of capitalism, is underscored by the IMF’s updated World Economic Outlook, released earlier this month, which projects that 2015 will be the worst year for economic growth since the height of the recession in 2009.