Saturday, March 19, 2016

AMERICA'S DRIFT TO REVOLUTION or CIVIL WAR - The American Middle Class vs Wall Street Banksters, LA RAZA MEXICAN FASCIST and the Billionaire Class

AMERICA'S DRIFT TO REVOLUTION OR CIVIL WAR


To this, we say: we hear you. 
The system is corrupt. The economy is rigged. 
Big campaign contributors do pull the strings in 
Washington. Working people are right to be 
angry about trade policy and the betrayal of 
the middle class, working families, and the 
poor by an elite establishment that profits 
from the status quo.

"This dangerous power vacuum has fueled frustration and created an entirely new breed of disenfranchised voters who are fed up with the status quo. These are real people, their anger is palpable, and it’s not going away anytime soon."

 

Marie Antoinette in the White House


Daniel Greenfield calls for the end of taxpayer slavery to fund the lavish plantation lifestyle of the current Democrat occupants of the White House.  He doesn’t mention the Clintons, but he should.  Hillary and Bill have funded their Versailles lifestyle by selling out America to her enemies by accepting bribes, aka speaking fees, from Russia and the jihadi Gulf states. 
At the DNC, Michelle Obama put on her victimhood hat one more time and declared, “I wake up every morning in a house that was built by slaves.”

But that’s too past tense. …Michelle Obama lives a life that is more lavish and luxurious than that of the average plantation owner. She has 26 staffers that are part of a White House staff of thousands. … Compare that to 12 servants for Thomas Jefferson.

… And working for her is a Marie Antoinette experience. “The First Lady having the wrong pencil skirt on Monday is just as big of a f___ up as someone speaking on the record when they didn’t mean …,” one former staffer said.

Michelle’s…luxurious lifestyle, is built by taxpaying slaves who are forced to turn over their money to fund her pleasures. She spent more money on one night in Morocco than the average American family will see in five years.

In Dublin, Michelle Obama and her entourage took a sightseeing trip that cost over $250,000. … American slaves paid for it with their blood, sweat and toil.

Maintaining the Obama lifestyle cost $1.4 billion a few years ago. It’s unknown what it costs today.

Obama’s White House parties cost anywhere from $200,000 at the cheap end to over $500,000. Americans have no more freedom to decide whether to pay for another Obama vacation or event than slaves did in deciding how to serve their masters and mistresses.

All they can do is watch from a distance while their masters stuff their faces, … and then make them work to pay for it.

… Slaves built the Obama lifestyle. Slaves who struggle to get by. Who scrimp and save to have a few hundred dollars on hand in case of an emergency. That’s the cost of a single dish at a dinner to their masters in the White House. …
America’s slaves have watched the nation’s wealth become concentrated around the Washington Versailles. At the peak of Obama’s misrule, the Beltway area boasted 7 of the 10 wealthiest counties in the country. Obama won 8 of the 10 wealthiest counties in the country in the last election.

… Government, like slavery… claims to civilize its dependents. In reality it exploits them. It promises them security in exchange for freedom. It takes away the products of their toil and then tells them that they didn’t build that. It claims a false moral authority to exploit them. (snip)

Slavery was based on the notion that some people are superior to others. That same idea runs through Obama’s speeches. It is the lifeblood of the twisted thing that the left has turned liberalism into.

… It is unjust that a class of parasites claiming to be public servants can draw unlimited amounts of money on the credit of people trying to make ends meet. It is unjust that Michelle Obama can own hundreds of millions of people as slaves.

Our entire crony capitalist system, Democrat and Republican alike, has become a kleptocracy approaching par with third-world hell-holes.  This is the way a great country is raided by its elite.


Hat tip: sultanknish.blogspot.com


Read More:


 http://www.americanthinker.com/blog/2016/08/marie_antoinette_in_the_white_hose.html#ixzz4GZjMzt4E



THE AMERICAN MIDDLE CLASS 

VS

THE BANKSTER-OWNED DEMOCRAT PARTY and GOP

THE LA RAZA MEXICAN FASCIST PARTY BASE OF THE DEMOCRAT PARTY

WALL STREET'S LOOTING CRIMINALS

THE FAILED POLICIES OF OBAMA'S OPEN BORDERS AND NO LEGAL NEED APPLY PHONY RECOVERY




THE DAILY SIGNAL

Why Washington’s Political Class Is Losing Control

Unless the political establishment is willing to learn from the anger felt by millions of Americans who feel left behind, this will not end in November. (Photo: istockphoto)


Commentary By

The Washington political establishment has hit the panic button. Not because they are afraid of any one individual or candidate, but because they are afraid of losing their own political power.
The Washington political establishment has hit the panic button.
This town is filled with well intentioned people who believe they are doing the right thing, but far too many have lost their way after years in Washington. Politicians pay more attention to special interests groups and powerful lobbyists writing checks to their next campaigns than listening to the people back home who sent them here in the first place.

This dangerous power vacuum has fueled frustration and created an entirely new breed of disenfranchised voters who are fed up with the status quo. These are real people, their anger is palpable, and it’s not going away anytime soon.

The Daily Signal is the multimedia news organization of The Heritage Foundation.  We’ll respect your inbox and keep you informed.


A recent survey of likely Republican primary voters showed that 86 percent believe that “people like me don’t have any say about what the government does.” Another recent exit poll in my home state of Georgia showed that six in ten Republicans felt “betrayed” by their political party.
>>> To Read More on This, See Conservatives Win When They Run on Conservative Ideas.
This sentiment is something I heard countless times during my campaign for the United States Senate just over a short year ago. It is what pulled me to get involved personally to try and make a difference. But this is not just happening in Georgia. People across America are angry, frustrated, and scared because they feel as though Washington is not listening to them.
A growing number of Americans are more motivated by this feeling of frustration than any individual political ideology.
A growing number of Americans are more motivated by this feeling of frustration than any individual political ideology. The rise of career politicians has completely shifted the political paradigm from just liberal versus conservative. There is now a disconnect between the Washington political class and everybody else—the insiders versus the outsiders.

When most Americans look at the federal government, all they see is years of failed policies that have made life harder for them and their families, and a political class that is well connected and uninterested in giving them a say in how to right the ship.

People are still hurting, and they are weary of Washington’s penchant for business as usual.

Georgians sent me—someone who had never run for elected office—to the United States Senate to try and do something about it and change the system. In state after state this year, voters have voiced support for presidential candidates who are not part of the political class.

This is a growing movement, and it is bigger than any one candidate or election victory. Unless the political establishment is willing to learn from the anger felt by millions of Americans who feel left behind, this will not end in November.

True to form, though, political elites prefer tearing down individuals to understanding what created this movement. This movement of Americans wants nothing to do with Washington, and neither endorsements nor criticisms are going to change that.

No matter who our Republican presidential nominee is at the end of this process, one thing is clear: We cannot allow Democrats to double down on the failed policies of the last seven years.
A better course of action would be a candid examination of what can be done to regain the trust of the American people. Let’s start with simply listening to them.



 "Let’s start with simply listening to them"

US corporate tax cheats hiding $1.4 trillion in profits in offshore accounts

The biggest tax dodger is technology giant Apple, with $181 billion held offshore. General Electric had the second-largest stash, at $119 billion, enough to repay four times over the $28 billion GE received in federal guarantees during the 2008 Wall Street crash. Microsoft had $108 billion in overseas accounts, with companies like Exxon Mobil, Pfizer, IBM, Cisco Systems, Google, Merck, and Johnson & Johnson rounding out the top ten.


US corporate tax cheats hiding $1.4 trillion in profits in offshore accounts

US corporate tax cheats hiding $1.4 trillion in profits in offshore accounts

By Patrick Martin
15 April 2016
A report issued Thursday by the British charity Oxfam found that the 50 largest US corporations are hiding $1.4 trillion in profits in overseas accounts to avoid US income taxes, much of it in tax havens like Bermuda and the Cayman Islands.

The biggest tax dodger is technology giant Apple, with $181 billion held offshore. General Electric had the second-largest stash, at $119 billion, enough to repay four times over the $28 billion GE received in federal guarantees during the 2008 Wall Street crash. Microsoft had $108 billion in overseas accounts, with companies like Exxon Mobil, Pfizer, IBM, Cisco Systems, Google, Merck, and Johnson & Johnson rounding out the top ten.

Overseas tax havens have been the focus of recent revelations about tax scams by wealthy individuals, based on the leak of the “Panama Papers,” documents from a single Panama-based law firm, Mossack Fonseca, involving 214,000 offshore shell companies. The firm’s clients included 29 billionaires and 140 top politicians worldwide, among them a dozen heads of government.

But the sums involved in corporate tax scams dwarf those hidden away by individuals. According to the Oxfam report, the offshore manipulations by the 50 largest US corporations cost the US taxpayer $111 billion each year, while robbing another $100 billion annually from countries overseas, many of them desperately poor.

The $111 billion a year in US taxes evaded would be sufficient to eliminate 90 percent of child poverty in America, effectively wiping out that social scourge. It is more than the annual cost of the food stamp program, or unemployment benefits, or the total budget of the Department of Education.
Oxfam timed the release of its report for the April 15 income tax deadline in the United States (actually Monday, April 18 this year), when tens of millions of working people must file their income tax returns or face federal penalties. Working people could face additional tax penalties of up to 2 percent of household income, to a maximum of $975, under the Obamacare “individual mandate,” if they have not purchased private health insurance.

There is a stark contrast between the IRS hounding of working people for relatively small amounts of money—but difficult or impossible to pay for those on low incomes—and the green light given to corporate tax cheats who evade taxation on trillions in income.

“As Americans rush to finalize tax returns, multinational corporations that benefit from trillions in taxpayer-funded support are dodging billions in taxes,” said Raymond C. Offenheiser, President of Oxfam America. “The vast sums large companies stash in tax havens should be fighting poverty and rebuilding America’s infrastructure, not hidden offshore in Panama, Bahamas, or the Cayman Islands.”

The Oxfam report, titled “Broken at the Top,” expresses concern that “tax dodging by multinational corporations…contributes to dangerous inequality that is undermining our social fabric and hindering economic growth.”

It continues: “This inequality is fueled by an economic and political system that benefits the rich and powerful at the expense of the rest, causing the gains of economic growth over the last several decades to go disproportionately to the already wealthy. Among the most damning examples of this rigged system is the way large, profitable companies use offshore tax havens, and other aggressive and secretive methods, to dramatically lower their corporate tax rates in the United States and developing countries alike.”

Oxfam collected figures available from the 10-K reports and other financial documents issued by the 50 largest US companies, covering the period since the Wall Street crash, 2008 through 2014, and presented them in an interactive table. The figures included total profits, federal taxes paid, total US taxes paid (including state and local), lobbying expenses, tax breaks, money held in offshore accounts, and benefits received from the federal government, including loans, loan guarantees and bailouts.

Among the most important findings:

* The top 50 companies made nearly $4 trillion in profits globally, but paid only $412 billion in federal income tax, for an effective tax rate of barely 10 percent, compared to the statutory rate of 35 percent.

* The 50 companies spent $2.6 billion to influence the federal government, while reaping nearly $11.2 trillion in federal support, for an effective return of 400,000 percent on their lobbying expenses.

* The overseas cash stashed by the 50 companies, nearly $1.4 trillion, is larger than the Gross Domestic Product of Russia, Mexico, Spain or South Korea.

* US multinationals reported 43 percent of their foreign earnings from five tax havens, countries that accounted for only 4 percent of their foreign workforce and 7 percent of foreign investment. All told, US companies shifted between $500 billion and $700 billion in profits from countries where economic activity actually took place to countries where tax rates were low.

* In the year 2012 alone, US firms reported $80 billion in profits in Bermuda, more than their combined reported profits in the four largest economies (after the US itself): China, Japan, Germany and France. This figure was nearly 20 times the total GDP of the tiny island country.

The Oxfam report also pointed to an estimated $100 billion in taxes evaded in foreign countries, many of them rich in natural resources extracted by such global giants as Exxon, Chevron and Dow Chemical. According to the report, “Taxes paid, or unpaid, by multinational companies in poor countries can be the difference between life and death, poverty or opportunity. $100 billion is four times what the 47 least developed countries in the world spend on education for their 932 million citizens. $100 billion is equivalent to what it would cost to provide basic life-saving health services or safe water and sanitation to more than 2.2 billion people.”

The report cited former UN Secretary-General Kofi Annan’s assessment that “Africa loses more money each year to tax dodging than it receives in international development assistance.”

Oxfam offered no solution to the growth of inequality and the systematic looting by big corporations that its report documents, except to urge governments around the world to close tax loopholes. The group also pleads with the corporate bosses themselves not to be quite so greedy. Neither capitalist governments nor the CEOs will pay the slightest attention. But the working class should take note of these figures, which provide ample evidence of the bankrupt and reactionary nature of capitalism, and the urgent necessity of building a mass movement, on a global scale, to put an end to the profit system.



BLOG: 

EVEN WITH POLLS DOCUMENTING THAT ONLY 9% OF THE AMERICAN PEOPLE APPROVE OF CONGRESS, IT IS BUSINESS AS USUAL; ENDLESS LOOTING FOR THEIR PAYMASTERS ON WALL STREET AND SURRENDERING MORE OF OUR BORDERS, JOBS AND WELFARE TO INVADING MEXICANS!


HILLARY CLINTON SAYS MILLIONS MORE VOTING ILLEGAL SHOULD BE HANDED OBAMACARE!

CLINTON'S PLATFORM IS SIMPLE: BUILD THE MEX WELFARE STATE ON AMERICA'S BACK TO BUY THEIR ILLEGAL VOTES.


THEY ALREADY GET MILLIONS OF OUR JOBS AND BILLIONS IN WELFARE!



THE AMERICAN THINKER

 MORE HERE

More free stuff for people who violate our immigration laws! Hillary Clinton and her daughter have teed up a ball for the Republican nominee, whether Trump or Cruz, to hit 400 yards down the fairway.  Just over a week ago, Hillary reversed her f...


NO ONE SERVES HIS PAYMASTERS ON WALL STREET MORE THAN BARACK OBAMA! 

HE SMELLS THOSE SPEECH FEE BRIBES ALREADY!

AND HILLARY IS OBAMA'S CLONE!

Drug prices have also been a theme in the presidential campaign. The Democratic frontrunner Hillary Clinton, for example, released a campaign advertisement earlier this month attacking the “predatory pricing” of Valeant Pharmaceuticals. Like the congressional hearing, this is all for show. Of all the presidential candidates, Clinton is the top recipient of donations from the pharmaceutical and health products industry, taking in $410,460 according to data from the Center for Responsive Politics.

US drug prices doubled since 2011

By Brad Dixon
18 March 2016
According to a new report by the pharmacy benefits manager Express Scripts, the average price of brand-name drugs increased by 16.2 percent last year. Between 2011 and 2015, branded prescription drug prices have nearly doubled, rising 98.2 percent. Since 2008, the prices have increased by a whopping 164 percent.

Drug spending rose by 5.2 percent in 2015. This was about half the increase seen in 2014, the year of the largest hike since 2003.

The report is based upon prescription use data for members with drug coverage provided by Express Scripts plan sponsors. In assessing changes in plan costs, the report distinguishes between the relative  contributions from changes in patient utilization (e.g. more patients being prescribed the drug) and changes in the unit price of the drug (e.g., price hikes).

In the late 1980s and early 1990s, most drug spending was on traditional drugs (small-molecule, solid drugs) to treat conditions such as heartburn, depression and diabetes. The recent trend has been a shift to specialty drugs. Still, within traditional therapy categories there were significant increases in spending on medications to treat diabetes, heartburn and ulcers, and skin conditions.

Diabetes medications remain the most expensive of the traditional drug categories. Drug spending in this category increased by 14 percent, with the hike being equally influenced by increased utilization of the drugs and rise in unit cost. Three diabetes treatments—Lantus, Januvia and Humalog—were among the top five drugs in terms of spending across all traditional therapy classes.

Although not discussed in the report, an investigation by Bloomberg News last year found evidence of “shadow pricing” by drug manufacturers, where companies raise their prices immediately after their competitors do so. The investigation found that the prices of diabetes drugs Lantus and Lemivir had increased in tandem 13 times since 2009, and evidence of similar shadow pricing for the drugs Humalog and Novolog.

Heartburn and ulcer drugs saw a 35.6 percent increase in spending, almost solely due to the rise in unit cost. Although 92.3 percent of the medications filled in this category were generic, the price unit trend was heavily influenced by the increase in prices of branded drugs such as Nexium, Dexilant and Prevacid.

Treatments for skin conditions also saw a significant increase of 27.8 percent in spending, again due almost completely to rises in the unit costs of the medications. The report notes that these increases occurred for both generic and branded therapies, largely due to industry consolidation through mergers and acquisitions leading to less competition in the market. While 86.3 percent of the drugs filled were generic, many of the generic versions saw sharp increases in unit cost, including the two most widely used corticosteroids, clobetasol (96.2 percent) and triamcinolone (28 percent).

While the overall spending increase for traditional therapy classes was nominal (0.6 percent), the primary factor for the increase in spending came from specialty medications. Specialty medications require special education and close patient monitoring, such as drugs to treat cancer, multiple sclerosis or cystic fibrosis. Spending on specialty drugs rose by 17.8 percent in 2015. The report found that 37.7 percent of drug spending was for specialty drugs in 2015, and the figure is expected to rise to 50 percent by 2018.

Spending in this category was topped by inflammatory conditions—such as rheumatoid arthritis, inflammatory bowel diseases and psoriasis—which rose by 25 percent, driven by a 10.3 percent increase in utilization and 14.7 percent rise in unit cost. The average cost per prescription in 2015 was $3,035.95. The medications Humira Pen and Enbrel, which captured more than 66 percent of the market share for this class, saw unit cost increases of more than 17 percent.

Spending on oncology therapies increased by 23.7 percent, due to both increased use (9.3 percent) and increased unit cost (14.4 percent). New cancer therapies average $8,000 per prescription and the average cancer regimen is around $150,000 per patient. Between 2005 and 2015, the anti-cancer drug Gleevec, manufactured exclusively by Novartis, has seen its price more than triple, with an annual cost of $92,000. In 2015, the year prior to the drug’s patent expiration, Novartis increased the unit cost of the drug by 19.3 percent. This is a common practice for companies facing patent expiration.
Drug spending on cystic fibrosis treatments rose by a significant 53.4 percent, largely based on increases in unit cost (40.9 percent vs. 13.3 percent from patient utilization). This rise was largely due to use of the new oral combination therapy, Orkambi, which became available in mid-2015. The drug costs more than $20,000 per month.

The report forecasts that between 2016 and 2018 spending will increase annually by 7-8 percent for traditional drugs and around 17 percent for specialty drugs.

The prices of generic drugs have on average decreased, although there are notable exceptions. Pharmaceutical companies like Horizon Pharma, Turing Pharmaceuticals, and Valeant Pharmaceuticals have purchased generic drugs and then significantly hiked their prices.

The report notes the emergence of “captive pharmacies” in 2015 as another factor responsible for higher drug spending. Captive pharmacies are owned or operated by pharmaceutical manufacturers and tend to promote their manufacturer’s drugs, rather than generic or other low-cost alternatives. The report gives as examples the arrangements between Valeant Pharmaceuticals and Philidor Rx Services, and between Horizon Pharma and Linden Care Pharmacy.

The Express Scripts data matches the findings released earlier this year by the Truveris OneRx National Drug Index, which found that branded drugs rose by 14.8 percent in 2015.

Despite the widespread media publicity of the notorious drug price hikes by companies like Turing and Valeant, pharmaceutical companies have continued to inflate prices in 2016, with Pfizer leading the way with an average price hike of 10.6 percent for 60 of its branded drugs.

Workers are rightly outraged at the skyrocketing price of drugs. A Kaiser Family Foundation poll conducted last year found that 74 percent of respondents felt that the drug companies put profits before people.

The political establishment, however, has sought both to exploit this anger for electoral support and to direct it into safe channels that do not disrupt the status quo.

A congressional hearing held in January placed a spotlight on the price-gouging practices of HYPERLINK Valeant Pharmaceuticals and Turing Pharmaceuticals, whose dubious activities were highlighted in a pair of congressional memos. The purpose of the hearing, however, was not probe the underlying causes of the sharp rise in drug prices. Instead, legislators sought to safeguard the profits of the pharmaceutical industry as a whole through a verbal lambasting of the industry’s most notorious culprits.

Drug prices have also been a theme in the presidential campaign. The Democratic frontrunner Hillary Clinton, for example, released a campaign advertisement earlier this month attacking the “predatory pricing” of Valeant Pharmaceuticals. Like the congressional hearing, this is all for show. Of all the presidential candidates, Clinton is the top recipient of donations from the pharmaceutical and health products industry, taking in $410,460 according to data from the Center for Responsive Politics.

Clinton’s rival, Bernie Sanders, who has stated that he will support Clinton if he loses the Democratic nomination, received $82,094 in donations from the industry. Sanders has proposed a series of minor reforms to address drug prices, such as the re-importation of drugs from Canada, allowing Medicare to negotiate prices with drug manufacturers, and decreasing the patent life of branded drugs.
None of the candidates, including the “democratic socialist” Sanders, challenge the private ownership of the pharmaceutical industry in which everything from research and development and clinical testing to drug pricing and promotion are subordinated to the profit interests of corporations.



.............. what would have happened to this once great nation if instead of handing billions in welfare to criminal banksters, and millions of our jobs to illegals.... we handed free education to America's youth.

but then we wouldn't need to import boatloads of educated people to take our tech jobs!!!


OBAMA-CLINTONOMICS: TRANSFERRING THE NATION'S WEALTH TO THE 1%, JOBS AND WELFARE TO ILLEGALS TO KEEP WAGES DEPRESSED AND BUILD THE DEM PARTY BASE WITH MEX FLAG WAVERS

“My greatest worry is working all my life, constantly chasing debt and never being to own a house or have children,” writes a millennial named “Gemma” in a section of the series entitled “#Itsnotjustyou: Millenials share their secret fears.” Continuing, she states: “The cost of renting privately is rising, the cost of travelling is rising, the cost of living is rising and yet the salaries don’t reflect this rise. … I am worried that capitalism is pushing this and creating a greater wealth inequality gap. It seems unsustainable and to be driving people apart—a recent example is the demonization of our own NHS service and the junior doctors.”



Study: Worsening conditions for young people throughout the developed world

Study: Worsening conditions for young people throughout the developed world

By Nick Barrickman
15 March 2016
Incomes for young people born between 1980 and 1994 have hit unprecedented low levels in the aftermath of the 2008 financial collapse, according to a recent investigative series conducted by the UK’s Guardian publication titled “Millenials: The Trials of Generation Y.” The study draws on income statistics from eight of the world’s 15 most advanced economies, including the US, Canada, Great Britain, Australia, France, Italy, Spain and Germany to paint a picture of dimming social prospects for young people throughout the developed world.

The Guardian cites as contributing factors “a combination of debt, joblessness, globalization, demographics and rising house prices” which “have grave implications for everything from social cohesion to family formation.” Whereas during the 1970s and 1980s people in their 20s averaged more than the national income, the study found that young couples and families in five of the eight countries listed made 20 percent less than the rest of the population today.

“It is likely to be the first time in industrialized history, save for periods of war or natural disaster, that the incomes of young adults have fallen so far when compared with the rest of society,” the British newspaper states.

In the US and Italy, incomes were lower in actual figures than they were a generation ago, with Americans averaging a yearly salary of $27,757 in 2010 compared to $29,638 in 1979. The study notes that young US workers currently make less than those in retirement. In France, households headed by individuals under the age of 50 made less disposable income than recent retirees. In Italy, an 80-year-old pensioner possesses more income than someone under the age of 35.

In many cases, the 2008 financial collapse simply accelerated trends that were already underway. Housing prices in Great Britain and Australia are among the most expensive in the developed world. The average price for a home in Sydney, Australia, is $1 million in Australian dollars, more than 12 times the median household income in the city. The average home loan for first-time buyers in New South Wales is A$424,000. This figure has increased by 43 percent in the past four years alone.
According to the Australian Bureau of Statistics, housing prices have increased more sharply and for a longer period in the past 20 years than at any time since 1880. The Guardian notes that housing costs in the UK and Australia have been increasing at a “neck and neck” pace ahead of the average household income. “We’re heading for a world where rates of home ownership among young people are below 50 percent for the first time,” states Alan Milburn of the Social Mobility and Child Poverty Commission, adding that the UK is heading toward becoming “a society that is permanently divided.” Income for those in their late 20s in the UK remain below levels seen in 2004-2005.

A recent survey by British polling firm Ipsos Mori found that 54 percent of those questioned thought the next generation was or would be worse off than the previous. “It’s the highest we’ve measured—it’s completely flipped around from April 2003,” stated Bobby Duffy, managing director of Ipsos Mori’s Social Research Institute of the findings.

In addition, more than a quarter of individuals in this age group live with their parents. An average woman in this age group today waits 7.1 years longer to become married than in 1981; and the average age of childbirth for young families is nearly four years later than those in 1974.

“My greatest worry is working all my life, constantly chasing debt and never being to own a house or have children,” writes a millennial named “Gemma” in a section of the series entitled “#Itsnotjustyou: Millenials share their secret fears.” Continuing, she states: “The cost of renting privately is rising, the cost of travelling is rising, the cost of living is rising and yet the salaries don’t reflect this rise. … I am worried that capitalism is pushing this and creating a greater wealth inequality gap. It seems unsustainable and to be driving people apart—a recent example is the demonization of our own NHS service and the junior doctors.” Many others share similar nightmares.

The study comes amid other findings revealing similar declines in living standards for youth in the developed world. A 2013 Organization for Economic Co-operation and Development (OECD) report found nearly 30 million youth in the developed capitalist countries without a job or an education, the basic requirements for functioning in society.

The circumstances faced by young people throughout the world speak to a systemic breakdown of the social order in both the so-called developing and advanced countries, which has been compounded by war and militarism, consecutive attacks on living standards and cuts to social programs, which invariably hit the youngest and most vulnerable the hardest. Though not covered by the study, European nations such as Greece have been reduced to conditions unseen in the developed world, with youth unemployment at over 60 percent due to attacks on living standards demanded by the European Union and enforced by consecutive governments, both right and “left,” under Syriza.
The authors of the Guardian investigation, in an effort to divert rising anger away from the social system responsible for the poverty, destruction of living standards and attendant social misery, single out the relatively-better off living conditions of retirees in order to make a case for attacking pensions and other benefits accruing to the older generation. The publication quotes a recently published interview with Mario Draghi, head of the European Central Bank (ECB), who states “in many countries the labor market is set up to protect older ‘insiders’—people with permanent, high-paid contracts and shielded by strong labor laws. … The side-effect is that young people are stuck with lower-paid, temporary contracts and get fired first in crisis times.”

Rather than receiving expanded employment, pay and access to better living conditions, it is proposed that the young and the old fight over the rapidly diminishing resources made available by bourgeois public officials and the wealthy. While Draghi advocates attacking the pay and benefits of older workers, the ECB head has funneled billions into the hands of European banking institutions; recently upping the monthly total of cash infusions to €80 billion from €60 billion previously and adding to the wealth of the financial elite.

The fate of retirement benefits and wages under the profit-system is pointed to when the newspaper notes “pensioners’ incomes are likely to rise for at least the next decade, after which future generations will be unlikely to benefit [due to] a drop in home ownership, weaker private sector pension schemes and the expectation that state pensions will be less generous in the future.”


OBAMA-CLINTONOMICS: SERVE THE RICH, WALL STREET CRONIES AND LA RAZA, THE MEX FASCIST PARTY of AMERICA.... 

Then hand what is left of the American middle class the tax bills for bailouts and Mexico's crime wave in our open borders and LA RAZA "The Race" welfare state on our backs!

"The Clinton family charities have outsourced many U.S. white-collar jobs to foreign college graduates instead of hiring American college graduates."


Oops! Clinton Foundation outsourced tech jobs to H-1B visa holders


The Bill, Hillary, and Chelsea Clinton Foundation, which does “wonderful work” (if you ask Hillary), also has sought to hire a lot of foreign tech workers brought to the country under the H-1B visa program to fill jobs Americans supposedly can’t be found to perform.  Breitbart reports:

The Clinton family charities have outsourced many U.S. white-collar jobs to foreign college graduates instead of hiring American college graduates.

The outsourcing started in 2004 and it continues to this year. When asked if the foundation is still hiring foreign white-collar workers via the controversial H-1B visa program, Vena Cooper, one of the foundation’s  personnel officers, responded “We do.”


The foundations declined to answer questions from Breitbart News, but available data shows they sought to hire up to 130 foreign graduates.  That’s roughly half the number of 250 jobs outsourced by Disney last October, which has reignited political criticism of the middle-class outsourcing program. 


The 130 foreign graduates sought by the Clinton’s foundations were and are not immigrants. Instead, they’re temporary “guest” workers who fill outsourced professional jobs for up to six years. 


The Clintons’ foreign graduates have been hired via the H-1B visa program that also is used by Disney and U.S. corporations and universities to employ a population of roughly 650,000 young and cheap foreign professionals in businessdesignhealthcaresoftwarescienceeducationp.r. and media and pharmaceutical jobs. After their six years in the United States, most H-1Bs return
home with the work-experience and connections that help them compete against U.S. professionals in the global marketplace. 



The young foreign H-1B professionals are also used to push down average salaries earned by experienced and older American professionals. In turn, those salary cuts boost profit margins and company values on Wall Street.

Hey, those private jets and 5-star luxury hotels favored by the traveling Clintons don’t come cheap, so they’ve got to pinch pennies wherever they can.  And besides, a lot of their money comes from foreign sources, so
they’re just returning it to some of the home countries.

Read more:

 http://www.americanthinker.com/blog/2016/03/oops_clinton_foundation_outsourced_tech_jobs_to_h1b_visa_holders.html#ixzz42cTZSzX3

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US employment report: Payrolls rise, wages fall

By Barry Grey
5 March 2016
President Barack Obama seized on the February employment report, released Friday morning by the Labor Department, to tout the supposed “success” of his economic policies and paint a picture of a thriving US economy. The report, which showed a larger-than-predicted growth in private nonfarm payrolls of 242,000 jobs, confirmed that the US economy was “the envy of the world,” Obama told reporters at a White House appearance.

“The fact of the matter is that the plans that we have put in place to grow the economy have worked,” he boasted.” He derided “an alternative reality out there from some of the political folks that America is down in the dumps.” He countered, “America is pretty darn great right now.”

He did not attempt to explain why the “alternative reality,” which his labor secretary, Thomas Perez, attributed to “fear-mongers and fact-deniers,” is believed by tens of millions of Americans, whose anger over economic injustice is dramatically reflected in the current election campaign.

One does not have to look too closely at the Labor Department’s report, however, to get an idea of what is fueling the social indignation of working people in the eighth and final year of the Obama administration. Behind the top-line number for new jobs and the quasi-fictional official unemployment rate of only 4.9 percent, ongoing trends with disastrous consequences for the working class are evident. They account for two other important indices in the report: a decline in average earnings from the previous month of 3 cents, or 0.1 percent, to $25.35, bringing the increase for the year down to just 2.2 percent, and a fall in the average private-sector workweek of 0.2 hours to 34.4 hours, a two-year low.

These two figures arise from the fact that the vast bulk of new jobs created in February were low-wage and a huge percentage were part-time. The low-paying service sector—retail, bars and restaurants, health care—accounted for 245,000 jobs. The reality of recession in basic production was reflected in a 16,000 decline in manufacturing and the loss of another 19,000 mining jobs, bringing to 171,000 the total decline in mining since September 2014. The only better-paying industrial sector that saw an increase was construction, which recorded a gain of 19,000.

Another figure highlights the hollow and socially regressive character of Obama’s so-called “recovery.” The financial cable network CNBC pointed out that according to the Labor Department’s household survey, which is the basis for the unemployment rate figure (the figure on payroll growth is derived from a separate survey of business establishments), full-time jobs increased in February by only 65,000, while part-time positions increased by 489,000. This means that a mere 11.7 percent of new jobs in February were full-time!

These statistics point to the fact that the American ruling class, through its instrument, the Obama administration, has utilized the financial crash of 2008, for which it was responsible, to fundamentally reorganize the US economy, transforming it into a low-wage system. The millions of decent-paying jobs that were destroyed have been largely replaced by poverty-wage, part-time and temporary jobs.

The median household income has fallen sharply. Pensions and health benefits have been gutted, schools closed by the thousands, teachers and other public workers laid off by the millions. At the other end, the Federal Reserve and the US Treasury have pumped trillions of dollars into the financial markets, driving up the stock market and bringing the concentration of wealth at the very top to unprecedented levels. This is what Obama lauds as “success.”

Meanwhile, millions of Americans remain mired in long-term unemployment. The number of long-term unemployed, defined as without work for 27 weeks or more, was essentially unchanged at 2.2 million in February. This number has not shifted significantly since last June. The long-term jobless accounted last month for 27.7 percent of the unemployed, a far higher percentage than in any previous period categorized as an economic recovery.

A broader measure of unemployment that includes people working part-time but wanting full-time work and those too discouraged to seek employment registered 9.7 percent last month, nearly double the official jobless rate. There are, in addition, millions of people who have dropped out of the labor market and are not even counted in government employment reports.

While the employment-to-population ratio edged up to 59.8 percent and the labor force participation rate rose slightly to 62.9 percent, both measures remain extraordinarily low by historical standards.
The impact of soaring social inequality and falling living standards for broad sections of the population is reflected in a growing crisis in the retail sector. This week, sporting goods chain The Sports Authority filed for Chapter 11 bankruptcy protection and announced it was closing at least 140 of its 463 stores and laying off 3,400 of its 13,000 employees. This follows recent announcements by Walmart, Sears/Kmart and Macy’s of hundreds of store closures and thousands of layoffs.

Hillary Clinton repeatedly claims that she is the champion of the little guy.  It has always been a risible claim, but if any of her supporters (including at the Post) are actually paying attention to the scoundrel, this latest gambit ought to disabuse them of the notion.  

The last refuge of the scoundrel Hillary

Samuel Johnson’s aphorism that patriotism is the last refuge of a scoundrel doesn’t apply to Hillary Clinton in her email scandal, because nobody – not even her die-hard supporters – would believe her if she said that she set up the private email server in the interests of the United States.  Rather, the last refuge of this scoundrel is to blame everybody else she dealt with at the State Department, in the process impugning not only her own close aides, but career diplomats and other nonpolitical professionals who deserve better.  

This strategy is reflected in the campaign’s current mantra that “everybody,” including former secretaries Colin Powell and Condoleezza Rice, at one time or another sent emails that were later determined to be classified.  A recent Washington Post analysis of Hillary’s released classified emails demonstrates that she directly sent at least 104 to various aides and officials, and that they too, including the current secretary of state, John Kerry, occasionally sent out emails through nonsecure servers that were later deemed classified.  However, what the analysis also shows is that these government officials, when they did use unsecured servers, at least used government accounts, which provide a measure of security, not a private home-brewed server like Mrs. Clinton’s.
The Post’s news editors must be popping a lot of Thorazine, because their coverage of Clinton is increasingly schizophrenic.  As longtime readers of the paper know, the news operation is considerably more left-leaning than the editorial side (which occasionally takes a more centrist view).  News stories are routinely slanted to present the most favorable liberal perspective and mock or demean opposing outlooks.  This tendency is apparent in the Clinton case as well.  The Post has broken some important stories in the email scandal, like the recent revelation that the Justice Department granted former Clinton I.T. aide Bryan Pagliano immunity.  And the Post’s most heroic figures, Bob Woodward and Carl Bernstein, have separately suggested that the Clinton scandal is the real thing.  But since Hillary is the Post’s gal, they seeded the Pagliano report with expert liberal analysis that suggested that the immunity deal is either nothing to get excited about (a weird way to promote a scoop) or actually a good thing for Clinton, while omitting contrary interpretations

The Post’s analysis of her emails follows the same pattern.  On the one hand, the news that Clinton herself personally authored over 100 classified items cuts against her chosen narrative that she got a lot of emails and that she can hardly have been expected to actually read and analyze them all for security issues as she received them or passed them on.  On the other hand, the article goes out of its way to suggest that this was an endemic problem at State.  And strangely again, the explanation is rather contradictory.  We are told that the sending and receipt of classified information was the result of poor security procedures that preceded Clinton’s arrival.  But we are also told (in line with claims made by Clinton and her campaign) that there is a culture of “over-classification” in the government.  So which is it?  Were officials at State too lax about security procedures or too anal?  If nothing else, one thing this controversy demonstrates is that the Clinton State Department was pretty much a mess. 

But besides the country itself, which is now enduring yet more Clintonian malfeasance in the midst of a critical election, are many individuals that Clinton is cold-bloodily demeaning in an attempt to exonerate herself with the “everybody did it” canard.  This rests on the weak premise that other government officials – aides, ambassadors, career officials – occasionally misidentified information as innocuous or insufficiently sensitive to merit security classification.  There is little doubt this happened, and continues to happen, as government employees do their best to protect sensitive information but not bog the government down in layers of unnecessary security protocol.  But none of the officials identified in the Post analysis did this deliberately by establishing a private home-brewed email system to avoid State Department classification procedures entirely – and this no less, by the head of the State Department itself. 

The Post article anonymously quotes one poor soul (identified as a former senior official) whose good name has now been impugned as a careless operator: “I resent the fact that we are in this situation – and we’re in this situation because of Hillary Clinton’s decision to use a private email server.”      

Hillary Clinton repeatedly claims that she is the champion of the little guy.  It has always been a risible claim, but if any of her supporters (including at the Post) are actually paying attention to the scoundrel, this latest gambit ought to disabuse them of the notion.  

Read more: http://www.americanthinker.com/blog/2016/03/the_last_refuge_of_the_scoundrel_hillary.html#ixzz42F4IlYvd


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The Hillary Clinton emails: A record of imperialist crimes

visit judicial watch org for more on hillary's crimes and corruption


ALL HILLARY CLINTON DID AS SECRETARY of STATE, ARGUABLY ALL SHE DOES PERIOD, IS SUCK UP TO MUSLIM DICTATORS, OBAMA'S CRONY BANKSTERS AND CRIMINAL BILLIONAIRE CRONYIES OF BILLARY.... SO SHE AND BILLARY CAN SUCK IN THOSE BIG BRIBES TO THEIR PHONY CLINTON FOUNDATION!

OTHER THAN THE TENS OF MILLIONS IN BRIBES SHE SUCKED UP AS SEC. OF STATE, HER TENURE WAS AN UTTER DISASTERS AS WOULD BE ANOTHER WALL STREET BACKED CLINTON ADMINISTRATION!


OBAMA-CLINTONOMICS: SERVE THE RICH, CRONY BANKSTERS, AND ILLEGALS.... cash in on speech fee bribes for services well rendered to the 1%.



New study says entire regions of US will remain in slump until the 2020s

TO KEEP PROFITS SOARING, THE DEMOCRAT PARTY IN COLLUSION WITH THE GOP AND WALL STREET, MUST STICK IT TO WHAT IS LEFT OF THE AMERICAN MIDDLE CLASS. THAT MEANS ENDLESS HORDES OF ILLEGALS JUMPING OUR BORDERS, JOBS AND WELFARE OFFICES!

New study says entire regions of US will remain in slump until the 2020s

By Jerry White
21 March 2016
A new study by a University of California-Berkeley economist says that at current sluggish levels of job growth, entire regions of the United States, which were hit hardest by the Great Recession will not return to “normal” employment levels until the 2020s. This amounts, to “more than a ‘lost decade’ of depressed employment” for “half of the country,” wrote economist Danny Yagan.

The new study is one of many showing that the fall of the official unemployment rate, touted by the Obama administration and the news media as proof of a robust economic recovery, if not a return to “full employment,” is largely based on the fact that millions of workers fell out of the labor force in the years preceding and following the 2008 financial crash.

The labor-force participation rate fell to a 38-year low of 62.4 percent last fall, and only climbed up to 62.9 percent in February. According to the Economic Policy Institute, February’s official jobless rate of 4.9 percent—the lowest since the pre-recession level of 4.7 percent in November 2007—would really be 6.3 percent if the country’s “missing workers” were included. These include 2.4 million workers who have given up actively looking for work.

Yagan based his findings on a detailed study of some 2 million, similarly paid workers in the retail industry in order to calculate employment patterns across different local areas and to account for occupations that might have been particularly hard hit in one region.

He found that the areas hardest hit by the recession, which began in December 2007 and officially ended in June 2009, continued to have high levels of joblessness in 2014. His map of these distressed areas includes all of Florida and parts of Arizona, Nevada, California, Colorado, New Mexico, the Dakotas, Michigan, Indiana, Ohio, Georgia, Connecticut, New Hampshire and other states.

While different areas of the country are often hit differently by an economic downturn, an article in the Wall Street Journal on Yagan’s study noted, these economically distressed areas generally return to normal levels of employment chiefly because workers move to find work in areas with a higher demand for labor. In the case of the “Great Recession,” however, the mass layoffs resulted in “muted migration,” according to other studies cited by the Journal, and workers simply fell out of the labor market.
“Unlike the aftermath of the 1980s and 1990s recessions,” Yagan wrote, “employment in hard-hit areas remains very depressed relative to the rest of the country.” Living in areas like Phoenix, Arizona, or Las Vegas, Nevada means confronting “enduring joblessness and exacerbated inequality,” Yagan wrote. “If the latest convergence speed continues, employment differences across the United States are estimated to return to normal in the 2020s—more than a decade after the Great Recession.”
The lack of decent job opportunities in large swathes of the country has created a reserve army of unemployed and underemployed workers who are competing for a shrinking number of jobs in areas that are more or less permanently distressed. Last month’s Labor Department employment report noted that the average annual unemployment rate in 36 states, plus Washington, D.C. was higher in 2015 than the average unemployment rate for those states in 2007.

The majority of unemployed people in the US do not receive unemployment insurance benefits, according to the National Employment Law Project, with just over one in four jobless workers (27 percent), a record low, receiving such benefits in 2015.

The details of these studies will come as no surprise for tens of millions of workers across the United States who face unprecedented levels of economic insecurity, ongoing mass layoffs, and more than a decade of stagnating or falling real wages. This has fueled the growth of enormous discontent and the initial stirrings of class struggle by American workers, which the trade unions and both big business parties have sought to channel in the direction of economic nationalism and hostility to workers in China, Mexico and other countries.

In fact, US workers are being subjected to the same attacks as workers around the world. The reports on the employment situation in the US coincide with a continual massacre of jobs in the world’s steel, oil and mining industries, with 1.2 million steel and coal mining jobs targeted for destruction in China alone.

Continual layoffs in the US have been driven by the plunging price of steel, petroleum, coal and other commodities, which has been generated in large measure by the fall in demand from China and other so-called emerging economies. Last week, St. Louis, Missouri-based Peabody Energy, the largest coal mining company in the world, announced it could soon file for Chapter 11 bankruptcy, after its share values fell 46 percent over the last six months.

Peabody has already cut 20 percent of its global workforce since 2012, while spinning off large sections of its operations in order to cheat retirees out of their pensions. The company’s announcement follows bankruptcy filings by both Arch Coal and Alpha Natural Resources and a similar threat from coal mining giant Foresight Energy. In its press release, Peabody pointed to the collapse in the coal market, where the price per ton has fallen to $40 from $200 in 2008.

The steel industry continues to wipe out jobs, with 12,000 steelworkers already laid off or facing imminent job cuts. The largest US steelmaker, US Steel, has slashed thousands of jobs in Texas, Illinois, Ohio, Indiana and Pennsylvania. The aluminum giant Alcoa is just weeks away from closing its smelter in Warrick County, Indiana, wiping out another 600 jobs. Meanwhile, the United Steelworkers (USW) union is pushing for protectionist measures against China, Brazil, Russia and other countries, even as it pushes through concession-laden contracts at US Steel, Allegheny Technologies and now ArcelorMittal.

Early last year, the USW betrayed the strike by thousands of oil refinery workers, blocking any struggle against the brutal restructuring of the industry that is now underway. The plunging of oil prices triggered more than 258,000 layoffs in the global energy industry in 2015—with the number of active oil and gas rigs in the US falling 61 percent. Analysts anticipate a new round of job cuts and bankruptcies in early 2016.

Texas has lost 60,000 energy-related jobs alone, or one-fifth of the workforce in that sector in the state, with North Dakota and Pennsylvania also being hard hit. The current US unemployment rate for the oil, gas and mining sector is 8.5 percent, but could top 10 percent by February, double the national jobless rate.

Last month, the air conditioner maker Carrier announced it was eliminating 1,400 jobs at its Indianapolis plant and a nearby facility, and shipping production to Monterrey, Mexico where wages are approximately $6 an hour. A video shot by a worker, capturing the explosive anger at a meeting of plant workers when a manager makes the announcement, has been viewed millions of times.
Far from organizing any resistance to the closure of the factory and destruction of jobs, however, the USW is collaborating with United Technologies Carrier management to carry out an orderly shutdown and the retraining of displaced workers for lower-paying jobs.

The USW is hostile to any fight to unite American workers with their brothers and sisters in Mexico, who have been engaging in growing resistance to the exploitation by the transnational corporations. USW officials are telling workers to rely on the Democratic Party to implement protectionist trade measures to “save jobs” and “take our country back.” Local and regional union officials have had nothing but kind words about Donald Trump’s efforts to swindle workers with economic nationalist appeals.

The unions have long used economic nationalism to undermine the class-consciousness of workers and to promote the corporatist outlook of “labor-management partnership.” In the name of making the corporations “competitive,” the USW and other unions have suppressed every struggle against plant closings, job cuts and the destruction of wages and benefits.

This has coincided with the political subordination of workers to the Democratic Party, which under the Obama administration has spearheaded the attack on workers’ jobs and wages and the historic transfer of wealth from the bottom to the top.

USW Local 1999, which claims to represent Carrier workers, is urging them to support Democrat John Gregg for Indiana governor. A former land agent for Peabody Coal and lobbyist for Amax Coal Company, Gregg served as the honorary chair of Hillary Clinton’s 2008 campaign in Indiana, and was a proponent of austerity and corporate tax cuts while Speaker of the state Legislature.






The Hillary Clinton emails: A record of imperialist crimes

The Hillary Clinton emails: A record of imperialist crimes

By Tom Hall


7 March 2016
Last Monday, the US State Department published the last batch of declassified emails from a private, unsecured server used by Democratic

presidential candidate Hillary Clinton during her tenure as secretary of state. This latest release draws to a close a year-long review by US intelligence agencies of 52,000 pages of Clinton emails, ostensibly motivated by concerns over possible leaks of classified material.

To date, more than 30,000 emails dating from Clinton’s four-year tenure as secretary of state have been released to the public. Clinton played a central role in the prosecution of aggressive wars in Afghanistan, Syria and Libya as well as the carrying out of drone assassinations and other
illegal actions in a number of additional countries, including Pakistan, Yemen and Somalia. Yet in its extensive reporting of the email scandal, the American media has virtually ignored the actual content of these emails, which contain a wealth of information about the day-to-day functioning of the Clinton State Department.

A review of even a small sampling of the emails, which are available on the State Department’s web site, reveals the reason why: the emails are a damning indictment of the criminal activities of not only Hillary Clinton herself, but the entire imperialist state apparatus, with the corporate-controlled media in tow. The emails could easily serve as evidence in future war crimes trials of Clinton and other top US officials.

One particularly revealing email from 2010, cited by the Interceptn web site but not picked up by the national media, recounts the experiences of former ambassador Joseph Wilson (whose CIA agent wife
Valerie Plame was outed by the Bush administration in retaliation for his criticisms of the war in Iraq) during a recent trip to Iraq in his capacity as an executive for a US engineering firm. The Obama
administration, elected by exploiting mass anti-war sentiment, continued the US occupation of Iraq for three years during Obama’s first term in office, when Clinton was secretary of state, prolonging a conflict that claimed more than 1 million lives. Since then, US troops have returned to Iraq, ostensibly to fight ISIS, as part of the US war for regime-change in neighboring Syria.

Wilson’s email begins: “My trip to Baghdad (September 6-11) has left me slack jawed. I have
struggled to find the correct historical analogy to describe a vibrant,historically important Middle Eastern city being slowly bled to death.Berlin and Dresden in World War II were devastated, but they and their populations were not subjected to seven years of occupation.”

Describing the rampant racism and sadism among US occupation troops, Wilson writes, “Shirts with mushroom clouds [for sale at a gift shop on a US military base at the Baghdad airport] conveyed the Baghdad weather as 32,000 degrees and partly cloudy. Others referred to Arabs as camel
jockeys and those were the least offensive… The service people don’t see themselves there to bring peace, light, joy or even democracy to Iraq. They are there to kill the ‘camel jockeys.’”

Hundreds more emails deal with the US-led proxy war in Libya, in which Clinton played a
leading role. As a recent series of articles in the New York Times confirmed, Clinton was the leading advocate in the White House for the clandestine arming of “rebel” militias comprised largely of Islamic fundamentalists, which comprised the main fighting force against the regime of Muammar Gaddafi.

One email from February 2011, written by a veteran diplomat before the launching of the US-NATO war that ended with the murder of Gaddafi, lays out proposals for the construction of a future “post-Gaddafi” political order in Libya. The memo recommends the use of the United Nations to lend political legitimacy to the imperialist carve-up of the country.

“A UN ‘hat’ for multinational/international assistance efforts could be effective,” the author states bluntly. However, the extensive involvement of Italy, whose participation in the war marked a return to the scene of its bloody colonial occupation, should, the author recommends, be “kept relatively low-profile.” Another email chain discusses how to disburse the tens of billions of dollars of frozen Libyan assets stolen by the imperialist powers during the regime-change operation.

Many other emails concern the organization and coordination of the Obama administration's drone assassination program, which has killed thousands in Afghanistan and Pakistan alone. “Twenty-two of the emails on Mrs. Clinton’s server have now been classified as ‘top secret’ at the demand
of the CIA because they discuss the program to hunt and kill terrorist suspects using drone strikes, as well as other intelligence operations and sources,” the New York Times noted two weeks ago, prior to
the latest release. “The emails [also] contain direct and indirect references to secret programs,” the newspaper added obliquely.


One such secret program was the bribing of high-ranking officials in the Afghan government by the CIA. “[The US embassy in Afghanistan's] line has been and will be the standard approach--that we refrain from comment on stories discussing intelligence matters,” one embassy official
writes in a 2010 email, in response to an impending New York Times story revealing that Muhammad Zia Salehi, head of the Afghan National Security Council, was on the CIA payroll. Later reports by the Times revealed that former President Hamid Karzai for years received shopping bags full of cash from the CIA on a regular basis.


Dozens of emails document the collusion between the corporate-controlled media and the State Department in containing the fallout from the release of US diplomatic cables by Wikileaks. In one
2010 exchange, Washington Post writer Craig Whitlock reaches out to the State Department to request “a mechanism to receive [the] State [Department's] input” before running a series of articles based on cables revealing the existence of a secret US drone base in the Seychelles Islands, off the coast of Somalia.

The exchange demonstrates that the major newspapers, including the Washington Post and the New York Times, provided the State Department with advance printed copies of every cable about which they planned to write, along with drafts to the White House, to be redacted or censored at their discretion. In a conversation between Whitlock’s State Department handlers, they note approvingly
that the practice “was extremely helpful in preparing our redaction requests, as well as anticipating what damage control we’d need to do in diplomatic channels.” Another email describes an editorial by the Washington Post calling for the prosecution of Wikileaks editor Julian Assange and
Chelsea (then Bradley) Manning as “helpful,” adding, “We’ll try and get pickup in [the] international media.”

Clinton also received hundreds of emails via her private server from Sidney Blumenthal, a
former advisor in the Bill Clinton administration, who served as the head of Hillary’s 2008 presidential campaign. Blumenthal, then an employee of the Clinton Family Foundation, functioned as a de facto back channel intelligence gatherer and advisor for Clinton, despite not
officially being a member of her staff. It was Blumenthal’s 2015 testimony to the House Select Committee on Benghazi, the Republican-controlled body set up for the purpose of torpedoing the
likely presidential run of Clinton, which revealed the existence of Clinton’s private email server.

Blumenthal sent Clinton a wide array of intelligence reports from foreign countries targeted by US
imperialism. In one email, he passes on concerns that Islamist militias in Libya might retaliate against the assassination of Osama bin Laden,using weapons obtained from the United States. In another, he recounts the furtive dealings between the Muslim Brotherhood and the Egyptian military to smother the Egyptian revolution, writing that the two will “continue to work together secretly in an effort to establish a stable government” and create “a secure environment throughout the country” for
investment.

In another email, Blumenthal advises Clinton on how to orchestrate the cover-up of the circumstances surrounding the assassination of bin Laden in a cross-border raid into Pakistan by US Special Forces. As a report by investigative journalist Seymour Hersh later made clear, the official version of bin Laden’s death was a collection of lies from start to finish.

“Show [the pictures of bin Laden’s body] to members of Congress in a special secure room,
something like when members were permitted to view Abu Ghraib pictures,” Blumenthal writes. “Each of them will emerge speaking to the national and local press on what they have seen… Having members of Congress testify to the reality of the photos will suppress any potential ‘Deather’ movement, that the administration has either fabricated the event or suppressed some aspect of it.”

What the ultimate out come of the Clinton email scandal will be is not yet clear. An FBI criminal
investigation into the emails is ongoing, with signs that the case might be headed to a grand jury. On Wednesday, a former employee of Clinton’s 2008 presidential campaign, Bryan Pagliano, who set up the private email server in Clinton’s home, was granted immunity by federal investigators as part of the investigation.
TIME TO END MEXICO'S LOOTING?

"As alarming as those numbers are, it's gotten a whole lot worse. It's the reason why in both 2013 and 2015 I introduced legislation, the "Remittance Status Verification Act," to fix this. I call this the "Wire Act" for short."

"My bill would require a fee on remittances for customers who wire money to another country but cannot prove that they are in the United States legally. The fee would be used to enhance border security. Basically, we would be able to dramatically improve border security while making illegal immigrants pay for it."

"We also have evidence that many of those illegals who are remitting money are more likely to be illegal immigrant households receiving Social Security, health care benefits, unemployment insurance and/or stimulus money. Is it really fair for those individuals to live off our tax dollars but send untaxed, under-the-table money abroad?"

ON TOP OF THESE FIGURES ADD THE TENS OF BILLIONS HANDED TO INVADING MEXICANS IN THE FORM OF WELFARE.

ON THE STATE LEVEL ALONE, MEXIFORNIA HANDS LA RAZA $30 BILLION IN SOCIAL SERVICES.

THE COUNTY OF LOS ANGELES CHIPS IN ANOTHER BILLION FOR THE LA RAZA ANCHOR BABY BREEDING FOR GRINGO WELFARE PROGRAM.

NOW..... HOW MUCH DOES THE MEX DRUG CARTELS HAUL BACK? SOME ESTIMATES PUT THE NUMBER AT $40 - $60 BILLION!

BLOG: IT IS ESTIMATED THAT THE COUNTY OF LOS 

ANGELES HAS A MEXICAN TAX-FREE UNDERGROUND 

ECONOMY CALCULATED TO BE IN EXCESS OF $2 

BILLION PER YEAR!


There are the billions of taxpayer dollars used to subsidize illegal immigrants' health care and education. There's the revenue we lose out on when illegal immigrants don't pay income taxes. And there's a less recognized pot of billions — the billions of dollars of earnings that illegal immigrants wire out of the United States with no tax or penalty.

 more here:

We need to crack down on illegal immigrants wiring money out of the U.S.: We need to crack down on illegal immigrants wiring money out of the U.S.






http://www.americanthinker.com/blog/2016/02/why_is_everything_amnesty.html

Why is everything amnesty?

Senator Cruz and Rubio will argue a lot about amnesty in the next few days.  I guess that standing against amnesty has become the new flag that every GOP candidate wants to carry.

Yet who is actually calling for amnesty?  Or something like what President Reagan did in 1986?
Have they changed the definition of the word amnesty?  According to the dictionary, amnesty is "the act of an authority (as a government) by which pardon is granted to a large group of individuals."

Who is pardoning any group or letting people stay here without consequences?

The GOP should be for an immigration solution that enforces the law against employers and protects the border.  At the same time, what is wrong with offering some of those here a chance to stay here?  It would go like this:

BLOG: THAT JOB THAT "ALREADY EXISTS" BELONGS TO AN UNEMPLOYED LEGAL!

1) The illegal immigrant would be given a chance to apply for a work visa supported by an employer's letter that a job actually exists.

BLOG: LET US REVIEW OBAMA'S SABOTAGE OF OUR LAWS AND PROMISE OF NON-ENFORCEMENT!
2) He or she would undergo a full criminal background check including fingerprints.  We will also check with the home country to verify that the applicant is not married here and back home.

BLOG: LET US REVIEW OBAMA'S SABOTAGE OF OUR LAWS AND PROMISE OF NON-ENFORCEMENT!
3) The applicant will pay a fine for violating the law and or not filing tax returns.

BLOG: MEXICANS ARE A CRIME TIDAL WAVE AND OBAMA LETS THEM LOSE ON US WEEKLY!

4) He or she will be under a period of probation where the person could be deported in case of any violation of law.
5) No path to citizenship or green card will be available to this person.

BLOG: UNDER OBAMA AND HISPANDERING HOLDER, THE DEMS HAVE SABOTAGED E-VERIFY NATIONWIDE. AMNESTY IS ALL ABOUT KEEPING WAGES DEPRESSED AND BUYING THE ILLEGALS' VOTES WITH OUR JOBS AND BILLIONS IN WELFARE!
6) Employers will be harshly punished, including jail time, for hiring someone without papers.
How is that amnesty?  Who is getting off free for violating the law?

BLOG: "HUMAN ENFORCEMENT" HALF THE MURDERS IN LA RAZA-OCCUPIED MEXIFORNIA ARE BY MEXICANS! THERE HAVE BEEN MORE THAN 2,000 CALIFORNIANS MURDERED BY MEXICANS WHO FLED BACK OVER THE BOARD TO AVOID PROSECUTION. WE WILL NOT HEAR FROM THE PRO-AMNESTY GROUPS ABOUT THE VIOLENCE OF THE OCCUPYING MEXICANS!


We have been arguing about immigration for too long.  It's time to fix the problem rather than just shout at each other.  As Newt Gingrich said in 2012:
And I'm prepared to take the heat for saying, let's be humane in enforcing the law without giving them citizenship but by finding a way to create legality so that they are not separated from their families.
So let's stop shouting about immigration, settle the issue, and move to other topics, like ISIS and the U.S. economy.
P.S. You can listen to my show (Canto Talk) and follow me on Twitter.


Gang of Eight? What Gang of Eight?

By Mark Krikorian

The Corner at National Review Online, February 16, 2016

http://www.nationalreview.com/corner/431394/rubios-immigration-excuses?target=author&tid=982

Marco Rubio’s excuse du jour for his central role in passing the monstrous Gang of Eight amnesty/immigration-surge bill is the most shameless yet: “Rubio: Gang of 8 Bill Never Intended to Become Law“. Coulda fooled me!

The Hill wryly noted “This represents a sharp departure for Rubio.”

I’ll say. In his final speech on the Senate floor before voting on S.744, Rubio concluded, “Here in America, generations of unfulfilled dreams will finally come to pass. And that’s why I support this reform.” Not sure how much clearer you can get.

Rubio’s latest excuse would have fooled Harry Reid too; he dedicated the bill to Ted Kennedy and said, when it passed, “And while I am sad that Senator Kennedy isn’t here to see history made, I know he is looking at us proudly and loudly.” Whatever that means, it sure doesn’t sound like he didn’t intend the Gang of Eight bill to become law.

Or Lindsey Graham, after the bill got 68 votes: “This is overwhelming support for the bill … This is incredibly pleasing.”

Pat Leahy didn’t seem to think the bill was just for show either: “Today is another historic day in the Senate. This legislation will reunite families. It will bring millions of people out of the shadows and into our legal system. It will spur job growth and reduce our deficit. And it will make us safer.”

Or Chuck Schumer: “The bill has generated a level of support that we believe will be impossible for the House to ignore.”

If I may steal a line from one of my Twitter followers, next thing you know Rubio will tell us it was really just the Gang of Seven all along.

SQUANDERING BILLIONS TO PROTECT US FROM TERRORIST EVEN AS OUR BORDERS ARE WIDE OPEN FOR THE MEX INVADERS AND THEIR DRUG CARTELS!


TSA Airport Credentialing Process Overlooks Terrorists, Criminals, and Illegal Aliens on a Large Scale

By Dan Cadman
CIS Immigration Blog, February 16, 2016
. . .
Calculating those figures, it means that more than 16 percent of the individuals who were subjected to these secondary inquiries (which represent only a small fraction of the workforce) — and, as Roth notes, already recipients of airport clearances — were illegal aliens with no right to work. What's more, Roth also notes that airport authorities routinely fail to annotate their security credentials with the expiration date of aliens' employment authorization documents, meaning that such persons are routinely employed in sterile areas long past their legally authorized right to work.

Which raises the question: Why have rules not been written that simply preclude individuals with limited time authorizations on their work permits or, better yet, who are not legally authorized to live in the United States on a permanent basis, from being employed in secure areas of airports? Is this so onerous, given the importance of securing the safety of the traveling public?

But back to the immediate issue of TSA and its oversight of airport authorities doing the credentialing. There is obviously something seriously amiss.

Why, for instance, is E-Verify not being used in each and every application for credentialing?
. . .
http://www.cis.org/cadman/tsa-airport-credentialing-process-overlooks-terrorists-criminals-and-illegal-aliens-large-sca


HAVE MEXICANS DESTROYED AMERICA'S EDUCATION SYSTEM?

Schools Undergo Comprehensive Immigration Reform

By John Wahala
CIS Immigration Blog, February 19, 2016
. . .
Given the obstacles they face, the poor academic performance of immigrant students is not surprising and has been well documented. English-language fluency, test scores, and graduation rates lag far behind. Some researchers have even called the situation a crisis that threatens democracy itself. But more troubling than slow academic progress is the way mass immigration is shifting the educators' focus. When resources and time are diverted from teaching, the quality of education deteriorates. Learning becomes secondary when teachers are trying to keep children safe and well-adjusted.
. . .
http://www.cis.org/wahala/schools-undergo-comprehensive-immigration-reform



Border Surge Solution: Send ‘Em to Camp David!

By Michelle Malkin

Human Events Online, February 17, 2016
. . .
As Brandon Judd of the National Border Patrol Council testified on Capitol Hill recently: “The cartels understood that the unaccompanied minors would force the Border Patrol to deploy Agents to these crossing areas in order to take the minors into custody. I want to stress this point because it has been completely overlooked by the press,” he told the House Judiciary Committee. The unaccompanied minors could have walked right up to the port of entry and requested asylum if they were truly escaping political persecution or violence. “Why did the cartels drive them to the middle of the desert and then have them cross over the Rio Grande only to surrender to the first Border Patrol Agent they came across?” Judd challenged.

“The reason is that it completely tied up our manpower and allowed the cartels to smuggle whatever they wanted across our border.”

This is just another maddening example of Obama’s warped priorities at work. Instead of building effective walls and enforcing our borders to prevent the coming illegal immigration waves manufactured by criminal racketeers, this administration rushes to build welcome center magnets that shelter the next generation of Democrat voters.
. . .
http://humanevents.com/2016/02/17/border-surge-solution-send-em-to-camp-david/


U.S. Failed Three Times to Deport Illegal Alien Who Murdered Woman

Judicial Watch Corruption Chronicles, February 18, 2016
. . .
Here’s what we already know from local media reports in Norwich, the city of about 40,000 residents where the murder occurred; the DHS agency responsible for deporting illegal immigrants, Immigration and Customs Enforcement (ICE), failed to remove Jacques at least three times dating back to 2002. As if this weren’t atrocious enough, Jacques spent 17 years in prison for attempted murder before authorities released him—instead of deporting him—in January of 2015, the Norwich Bulletin reports. Six months later the 41-year-old illegal alien convict stabbed 25-year-old Casey Chadwick to death. Police said Chadwick died of sharp forced injuries to the head and neck. Jacques is being held on a $1 million bond.

Unfortunately, this is not an isolated case. In the last few years illegal immigrants with lengthy criminal histories have been allowed to remain in the U.S. despite being repeat offenders. Judicial Watch has investigated several of the cases and obtained public records from the government. For instance, back in 2008 JW launched a California public records request with the San Francisco Sheriff’s Department to obtain he arrest and booking information on Edwin Ramos, an illegal alien from El Salvador who murdered three innocent American citizens. Ramos was a member of a renowned violent street gang and had been convicted of two felonies as a juvenile (a gang-related assault on a bus passenger and the attempted robbery of a pregnant woman) yet he was allowed to remain in the country.
. . .
http://www.judicialwatch.org/blog/2016/02/u-s-failed-3-times-to-deport-illegal-alien-who-murdered-woman/


UNIVISION: MOUTHPEICE FOR LA RAZA "The Race" FASCISM

Univision News Howls 'Anti-Immigrant' at Proposed Wisconsin Laws

By Jorge Bonilla

NewsBusters.org, February 12, 2016

Univision News' national broadcast continues to howl at any legislative attempt to protect local communities by enforing our immigration laws. The latest instance comes from efforts in Wisconsin.

Wednesday evening's newscast featured a story about two enforcement proposals recently filed in Wisconsin: one to ban sanctuary city policies, and the other to ban local governments from issuing official alternate ID's to illegal immigrants.

Anchor María Elena Salinas' introduction to the story was less incendiary than her late-night counterpart, which we covered last week. The "anti-immigrant" framing was presented indirectly ("activists say"...), as opposed to Ilia Calderón's direct indictment of Florida's HB675 (which overwhelmingly passed the House but seems destined to die in the Senate). Nonetheless, the screengrab above (which reads "anti-immigrant proposals") reflects a reversion to classic form.
. . .
http://newsbusters.org/blogs/latino/jorge-bonilla/2016/02/12/univision-news-howls-anti-immigrant-proposed-wisconsin-laws








Largest Civil Disobedience Action of the Century isn’t Anti-Trump, It’s Pro-Democracy


1


In an article published here Wednesday, Aaron Klein wrongly characterized Democracy Spring as an “Anti-Trump” campaign organized by “radicals…involved in shutting down Donald Trump’s Chicago rally.”

We want to set the record straight, make it clear where we stand on Trump, and reach out to the all the conservatives who agree with us that big money is corrupting our political system.
First, setting aside any opinions on it, the assertion that the Chicago disruption was the work of Democracy Spring is simply untrue. Over 100 organizations have endorsed Democracy Spring. Their independent actions (and funders – George Soros hasn’t given us a dime) are distinct from our collective effort.
Second, while the leaders, organizations, and the vast majority of participants in Democracy Spring have profound and severe disagreements with Donald Trump, our nonviolent, non-partisan campaign is not a response to him.
Nor is it a response to any single candidate, party, or election. Democracy Spring is a response to the corruption of our entire political system, a system dominated by big money and inaccessible to many Americans who face growing barriers to the ballot box.
No matter who you support for president this year, surely we can all agree that our elected officials should work for all of us – not just wealthy special interests and big campaign contributors. In fact, we know many voters support Trump because he calls out this corrupt system and claims to stand outside of it as a self-financing candidate.
To this, we say: we hear you. The 
system is corrupt. The economy is rigged. Big 
campaign contributors do pull the strings in 
Washington. Working people are right to be 
angry about trade policy and the betrayal of 
the middle class, working families, and the 
poor by an elite establishment that profits 
from the status quo.
But we also challenge Trump supporters to consider a few things. Our corrupt campaign finance system goes far beyond presidential races and will not change by simply electing a president who supposedly can’t be bought. Without serious policy solutions, whoever we elect Commander-in-Chief will still have to deal with 435 members of Congress who are more eager to appease their donors than their own constituents.
Trump has yet to propose any solutions that would ensure every member of Congress and candidate for local and state office in America are elected in a way that makes them, as James Madison wrote, “solely dependent upon the People as whole – not the rich more than the poor.” If our system only allows us to choose between candidates who are bought by billionaires and billionaires themselves, then it is not a democracy. It is plutocracy.
That is why more than 2,600 American patriots have pledged to risk arrest in Democracy Spring, a massive nonviolent sit-in at the U.S. Capitol this April. The campaign will force Congress to choose between putting hundreds of peaceful defenders of the republic in handcuffs, or simply doing their job and passing reforms to fix our broken system.
It’s true Democracy Spring is led by many organizations associated with the left. But there’s no reason it must remain that way. We are a nonpartisan campaign open to all. And conservatives and liberals agree when it comes to the urgent need for solutions to rebalance the system.
Last year, John Pudner, the political strategist who helped lead 
Rep. Dave Brat (R-VA)
100%
’s 2014 upset over former House Majority Leader Eric Cantor, launched Take Back our Republic to advance conservative solutions to the problem of money in politics. For example, Take Back supports tax credits for small donations to political candidates to encourage more people to become involved in the political process. The group also supports more disclosure of large donors to ensure voters’ right to know who is trying to influence their vote and their lawmakers.
In a recent column, Richard Painter, President George W. Bush’s chief White House ethics lawyer, explained why the current system fails to address the needs and concerns of conservatives. He wrote, “campaign contributions drive spending on earmarks and other wasteful programs — bridges to nowhere, contracts for equipment the military does not need, solar energy companies that go bankrupt on the government’s dime and for-profit educational institutions that don’t educate.” Moreover, he writes, “campaign contributions breed more regulation” as companies use campaign cash to win special legal advantages over their competitors.
Progressives would disagree on public funding to spur clean energy innovation and the characterization of more regulations as necessarily bad, but we stand fully with Painter on his core point: “[Today’s] system is a betrayal of the vision of participatory democracy embraced by the founders of our country.”
Indeed, there is an opportunity today for progressives and conservatives to stand together to defend our republic and win reform that will let us settle our other differences on an even, open playing field where the best ideas and the broadest support are what count – not the backing of a moneyed elite.
Yet – and allegiance to the values that truly make America a great country demand that we make this crystal clear – Donald Trump’s candidacy is making this kind of unity across differences incredibly difficult. We are a nonpartisan campaign but not an amoral one. We are compelled to speak (and I am confident that I can speak for us all) when I say that Trump’s statements, proposed policies, and threats of violence concerning undocumented immigrants, Muslims, the KKK, protesters exercising their First Amendment rights, and others have crossed a very serious line into the territory of fascism and hate speech.
America is better than this. Conservatives are better than this.
Democracy Spring is a nonviolent campaign and, in the tradition of the civil rights movement, will strive to reach out to our most bitter opponents. We will seek unity with all who agree that every American deserves an equal voice and a government of, by, and for the people. Rather than letting our differences divide us, conservatives and progressives of conscience should come together on this common ground and renew our republic.
Politicians from both parties broke the system. It’s going to take voters from both parties — and independents committed to neither — to force our representatives to fix it.
It’s time to demand that Congress listen to the people and pass common-sense solutions to return our government to us all.
Kai Newkirk is lead organizer of Democracy Spring.

NO PRESIDENT WORKED HARDER FOR AMERICA'S TOP CRIMINAL BANKSTERS THAN BANKSTER-BOUGHT AND OWNED BARACK OBAMA.

NO PRESIDENT HAS TAKEN MORE BRIBES FROM THE BANKTERS. NOT EVEN HILLARY CLINTON!



"Rather than criminally prosecuting the leading financial 

players who engineered and profited from the subprime 

mortgage meltdown, Obama’s Justice Department has 

protected them by signing sweetheart settlements with 

JPMorgan Chase, Bank of America, Citigroup, Deutsche Bank

and other major banks, protecting their executives."



Financial crisis panel urged Obama administration to prosecute top bankers

Financial crisis panel urged Obama administration to prosecute top bankers

By Gabriel Black 
16 April 2016
Newly released documents show that the Financial Crisis Inquiry Commission (FCIC), a government panel set up in 2009 to investigate the 2008 Wall Street meltdown, referred top bankers, CEOs and ex-government officials to the Department of Justice for possible criminal prosecution. Not a single one of those named by the panel, however, has been criminally prosecuted by the Obama administration.
These referrals were not included in the report released to the public by the commission.
The FCIC was formed as part of the 2009 Fraud Enforcement and Recovery Act to investigate the causes of the 2008 financial crash. The act tasked a bi-partisan group of senators and congressmen with creating a 10-member commission composed of members outside of Congress. The FCIC reported its findings to the Senate Banking Committee and House Financial Services Committee.
In the course of its investigation, the commission interviewed hundreds of key players in the financial and regulatory system, held public hearings, and investigated reams of documents from major banks and regulatory institutions. In January 2011, the FCIC issued its final 633-page report.
The World Socialist Web S ite wrote at the 

time that the report “implicates corporate 

executives, regulators, and politicians in the 

conversion of the US economy into a Wall

Street casino. It ties the unethical,

irresponsible, and often blatantly illegal 

practices of the financiers to the 

impoverishment and suffering of millions.”
The National Archives of the United States released the internal FCIC documents last month. The archive contains roughly 500,000 pages of interviews, emails, correspondence and internal FCIC minutes, only a portion of which is screened and digitally accessible. These documents underscore the role of the Obama administration in shielding the banks and their leading officials from any accountability for reckless forms of speculation, rampant fraud and outright lawlessness that led to the deepest economic crisis since the Great Depression of the 1930s.
Despite voluminous evidence assembled by the panel implicating in criminal behavior leading figures, including the then-CEO of Citigroup Charles Prince and former top Citigroup executive and US treasury secretary Robert Rubin, the Department of Justice refused to prosecute.
In its report, the FCIC blamed not only bankers but also regulators who “abysmally failed.” It highlighted the political dimensions of the crisis, noting, “From 1999 to 2008, the financial sector expended $2.7 billion in reported federal lobbying expenses; individuals and political action committees in the sector made more than $1 billion in campaign contributions.” This inflow of bank cash to campaign coffers deprived regulators of “the necessary strength and independence of oversight necessary to safeguard financial stability.”
The FCIC proceedings paralleled an investigation by the Senate Permanent Subcommittee on Investigations into the financial crisis. The Senate committee’s chairman, Senator Carl Levin, declared after releasing the committee’s 650-page report in April of 2011 that its investigation had found “a financial snake pit rife with greed, conflicts of interests and wrongdoing.” He told the New York Times: “The overwhelming evidence is that those institutions deceived their clients and deceived the public, and they were aided and abetted by deferential regulators and credit ratings agencies who had conflicts of interest.”
One significant part of the FCIC archive released last month that has come to light is minutes from a commission telephone conference on October 12, 2010, in which the commission voted to send 8 different referrals to the Department of Justice for criminal investigation. In the minutes, details are provided for each referral, showing that the FCIC singled out top-level executives from American International Group (AIG), Goldman Sachs, Citigroup and UBS.
In one referral, entitled “Potential Fraud and False Certifications: Citigroup,” former Citigroup chairman and treasury secretary in the Clinton administration, Robert Rubin, is cited for potential criminal prosecution. The FCIC urges that Rubin and then-Citigroup CEO Prince be investigated for knowingly defrauding the bank’s investors by lying to them about the extent of Citigroup’s exposure to the subprime mortgage crisis in 2007. The minutes also implicate other members of the Board of Directors, all of whom allegedly knew that the bank understated its exposure by $42 billion.
This case had been taken up by the Security and Exchange Commission in July 2010, which let the bank and its top officials off the hook, imposing only a minimal civil penalty of $75 million. The FCIC takes issue with the SEC settlement in its October 2010 referral to the Justice Department, noting, “The SEC’s civil settlement ignores the executives running the company and Board members responsible for overseeing it… By naming only the CFO and the head of investor relations, the SEC appears to pin blame on those who speak a company’s line, rather than those responsible for writing it.”
In another matter, entitled “Potential Fraud by Goldman Sachs in Connection with Collateral Calls on AIG,” several Goldman Sachs employees are referred to the Justice Department for criminal prosecution for selling securities to investors while simultaneously betting that these same securities would fail. The FCIC’s minutes document the fact that the company’s top executives were deliberately and knowingly shorting Collateralized Debt Obligations (CDOs) exposed to the subprime mortgage bust while selling them to investors. This is a criminal offense.
Specifically, it names Goldman Sachs Co-CEO Michael Sherwood, Chief Risk Officer Craig Broderick, and Daniel Sparks, who was head of Goldman Sachs’ mortgage department.
In another item involving Goldman Sachs, “Potential Fraud by Goldman Sachs in Connection with Abacus 2007-18 CDO,” the panel names David Lehman, a managing director at Goldman, and Jonathan Egol, the then-head of the bank’s CDO operations. Both of these figures are implicated in deliberately misleading rating agencies as part of a larger scheme to sell securities to investors against which Goldman itself was betting.
In a fourth item, “Potential Fraud in AIG Investor Calls,” the FCIC minutes condemn the president and chief executive of AIG, the world’s largest insurance firm at the time, Martin Sullivan. Additionally, it targets the firm’s chief financial officer, Steven Bensinger, and the chief executive of AIG financial products, Joe Cassano, for lying to investors about losses in the company’s portfolios.
In regard to UBS, the minutes include an item, “Potential Fraud: False and Misleading Representations about Loan Underwriting Standards by UBS and Other Issuers,” which blames UBS for misleading investors about its mortgage underwriting standards.
In an item blaming the rating agency Moody’s for selectively revealing downgrades in its ratings to top Wall Street Banks, the FCIC singles out Danya Corlito, the global business manager for mortgage-backed and asset-backed securities at UBS, as well as David Oman, who was in charge of UBS’s European risk division.
Rather than criminally prosecuting the leading 

financial players who engineered and profited from

the subprime mortgage meltdown, Obama’s Justice

Department has protected them by signing 

sweetheart settlements with JPMorgan Chase, Bank

of America, Citigroup, Deutsche Bank and other 

major banks, protecting their executives.
In March of 2013, Attorney General Eric Holder responded to questioning from Republican Senator Chuck Grassley, who noted that there had been no criminal prosecutions of financial institutions or leading executives by the Obama administration. In response, Holder stated, “I am concerned that the size of some of these institutions becomes so large that it does become difficult for us to prosecute them, when we are hit with indications that if we do prosecute—if we do bring a criminal charge—it will have a negative impact on the national economy, perhaps even the world economy…”
Holder’s testimony before Congress amounted to an admission that the US government considers big US banks and their top executives to be above the law and deliberately avoids prosecuting them for illegal activities. These new documents, which have only begun to be analyzed, further substantiate this fact.

The author also recommends:

Above the law[14 December 2012]

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