OBAMA-CLINTONOMICS: SERVE THE RICH, DESTROY THE MIDDLE CLASS, AND EXPAND THE LA RAZA SUPREMACY MEXICAN WELFARE STATE ON AMERICA'S BACKS!
HILLARIA'S MESSAGE TO WALL STREET:
"Throughout the primary campaign, Clinton has upheld Obama’s legacy as President and maintained that she will continue his economic policies."
US economy adds fewest jobs in five years
By Evan Blake
In another indication of a deepening slump in the US economy, the
4 June 2016
Labor Department reported yesterday that the US economy added
only 38,000 jobs in May, the lowest monthly job growth since
The report was released merely two days after US President Barack Obama declared in a speech in Elkhart, Indiana that the belief, widespread in the US population, that the economy is doing poorly is a “myth.”
“By almost every economic measure, America is better off,” Obama declared.
The latest figures sharply contradict such claims. Summarizing the findings of the report, Laura Rosner, an economist at BNP Paribas, told the Associated Press, “The shockingly low payrolls gain in May provides further evidence that the economy is showing clear signs of slowing.”
In addition to the dismal rate of payrolls growth, the Labor Department said a massive 459,000 people left the workforce last month. In other words, 12 times more people gave up looking for work than got a job last month. Simultaneously, the Labor Department reported the number of people working part-time, but who would prefer to have full-time work, increased by 468,000 in May.
The labor force participation rate decreased by 0.2 percentage points, after an earlier 0.2 percent decline in April, to a nearly four-decade low of 62.6 percent.
The Bureau of Labor Statistics also revised downward the figures for March and April, which overestimated job growth by a combined 59,000 jobs. Together, the number of jobs created each month between March and May was 116,000, a marked decline from last year’s monthly average of nearly 230,000.
According to the Labor Department, the construction sector lost 15,000 jobs last month, mining and logging industries lost 11,000 jobs and the manufacturing sector lost 10,000 jobs. As with previous months, the jobs added were centered in the low-wage service sector.
The past several quarters have shown slow economic growth in the US. Real gross domestic product (GDP) increased at an annual rate of just 0.8 percent in the first quarter of 2016, down from 1.4 percent in the fourth quarter of last year.
The Institute for Supply Management also released a report Friday that rated the US non-manufacturing index as falling to 52.9 from 55.7 in April.
Many major US department store chains, including Macy’s, Kohl’s, JCPenney and Nordstrom, reported sharp declines in sales and profits during the first quarter of 2016.
The Federal Reserve’s Open Market Committee, which sets monetary policy, meets again on June 14-15. Many had anticipated that the Fed would raise the benchmark federal funds rate, but May’s unexpectedly poor jobs report makes it more likely that the Fed will hold off on raising interest rates until at least its next meeting in late July.
The employment figures were released just days before the crucial California Democratic Primary. In recent weeks, Bernie Sanders has narrowed the gap with frontrunner Hillary Clinton, trailing by only one point among eligible voters in a Thursday Los Angeles Times poll.
Throughout the primary campaign, Clinton has upheld Obama’s legacy as President and maintained that she will continue his economic policies.
Even aside from the most recent jobs report, Obama’s claim
that “almost every economic measure” has improved under his
administration is a patent absurdity.
In reality, the US working class has experienced an unrelenting assault on its living standards over the past eight years. The so-called economic “recovery” under Obama has entailed the creation of part-time and poverty-wage jobs, the slashing of employee benefits, and a continuation of mass unemployment.
A report published earlier this year by Princeton University and the RAND Corporation found that all job growth in the US over the last decade was accounted for by the growth of “alternative work arrangements,” or people working as independent contractors, temps, through contract agencies or on-call. Such jobs usually entail minimal job security, health benefits and vacation days.
Between 2005 and 2015, the percentage of the workforce in such contingent arrangements rose from 10.1 percent to 15.8 percent, placing nearly one in six full-time workers in a contingent status. Of these contingent workers, a staggering 32 percent are forced to hold multiple jobs to make ends meet, due to the lack of job security and benefits.
The growth of poverty-wage employment, particularly for young
people, has resulted in sweeping demographic changes. A Pew
report released last week found that for the first time in 130
years, Americans aged 18-24 are more likely to be living at home
than with a spouse or partner.
As a result of eight years of near-zero interest rates, bank bailouts, and “quantitative easing” money printing operations, the wealth of the US financial oligarchy has soared, and social inequality has widened dramatically. Under Obama, 95 percent of all income gains have gone to the richest 1 percent of society, while median household income has declined by thousands of dollars.
In one of the starkest indications of social distress, the death rate in the US increased last year for the first time since 2005, fueled by increases in the rate of death from Alzheimer’s, heart disease, drug overdoses and suicides.
These figures make clear that, far from being a “myth,” working people have seen an enormous reversal in their living standards during the Obama presidency. For all the declarations by Obama and the Democrats that things are better than ever, the vast and pervasive economic distress felt by millions of people is fueling the growth of political opposition, expressed in the ongoing popular support for the candidacy of Bernie Sanders, who claims to be a socialist, as well as the growth of social struggles by the working class, such as last month’s strike by nearly 39,000 communication workers at Verizon.
Recent satisfaction levels are particularly low compared with the high levels of satisfaction measured in the mid-1980s under President Ronald Reagan, in 1991 after the first Gulf War, in the late 1990s and after 9/11.
Gallup: Satisfaction With Country Under Obama Is Lowest Since Carter:
AMNESTY: THE PLOT AGAINST THE
AMERICAN MIDDLE CLASS TO KEEP
WAGES DEPRESSED AND PASS ALONG
THE TRUE COST OF MEXICO'S
OCCUPATION, LOOTING, WELFARE AND
CRIME TIDAL WAVE TO THE SAME
OBAMA-CLINTONOMICS AND THE FINAL
FALL OF THE AMERICAN MIDDLE CLASS
"The country is now at the edge of an abyss following years of
obfuscation, unaccountability, subterfuge, and law evasion by the
Obama administration that have numbed much of its citizenry into
a kind of base “group think acceptance” of government corruption
and abuse of power. Resetting Americans’ trust in government
needs to start with holding people in high office, like Hillary
"Paralleling the ever more extreme concentration of wealth, American politics is acquiring an increasingly dynastic and nepotistic character, traditionally a hallmark of the decay of bourgeois democracy. In a country of 350 million people, the Democratic Party could do no better than nominate as its presidential candidate an individual whose political career is based, to start with, on the fact that she is the wife of a former president."
AMNESTY: THE PLOT AGAINST THE
AMERICAN MIDDLE CLASS TO KEEP
WAGES DEPRESSED AND PASS ALONG
THE TRUE COST OF MEXICO'S
OCCUPATION, LOOTING, WELFARE AND
CRIME TIDAL WAVE TO THE SAME
Average Family Today Has Less Income Than When Obama Took Office: The President is actually arguing that he’s done a good job with the economy.
EVERY DAY, IN EVERY WAY, BARACK OBAMA HAS SABOTAGED AMERICA'S BORDERS AND LAWS TO BUILD HIS LA RAZA PARTY BASE OF ILLEGALS.
Average Family Today Has Less Income Than When Obama Took Office
I often use per-capita economic output when comparing nations.
But for ordinary people, what probably matters most is household income. And if you look at the median household income numbers for the United States, Obamanomics is a failure. According to the Census Bureau’s latest numbers, the average family today has less income (after adjusting for inflation) than when Obama took office.
In an amazing feat of chutzpah, however, the President is actually arguing that he’s done a good job with the economy. His main talking point is that the unemployment rate is down to 4.7 percent.
Yet as discussed in this Blaze TV interview, sometimes the unemployment rate falls for less-than-ideal reasons.
Since I’m a wonky economist, I think my most important point was about long-run prosperity being dependent on the amount of labor and capital being productively utilized in an economy.
And that’s why the unemployment rate, while important, is not as important as the labor force participation rate.
Here’s the data, directly from the Bureau of Labor Statistics.
As you can see, the trend over the past 10 years is not very heartening.
To be sure, Obama should not be blamed for the fact that a downward trend that began in 2008 (except to the extent that he supported the big-government policies of the Bush Administration).
But he can be blamed for the fact that the numbers haven’t recovered, as would normally happen as an economy pulls out of a recession. This is a rather damning indictment of Obamanomics.
By the way, I can’t resist commenting on what Obama said in the soundbite that preceded my interview. He asserted that “we cut unemployment in half years before a lot of economists thought we could.”
My jaw almost hit the floor. This is a White House that promised the unemployment rate would peak at only 8 percent and then quickly fall if the so-called stimulus was approved. Yet the joblessness rate jumped to 10 percent and only began to fall after there was a shift in policy that resulted in a spending freeze.
In effect, the President airbrushed history and then tried to take credit for something that happened, at least in part, because of policies he opposed.
One final point. I was asked in the interview which policy deserves the lion’s share of the blame for the economy’s tepid performance and weak job numbers.
I wasn’t expecting that question, so I fumbled around a bit before choosing Obamacare.
But with the wisdom of hindsight, I think I stumbled onto the right answer. Yes, the stimulus was a flop, and yes, Dodd-Frank has been a regulatory nightmare, but Obamacare was (and continues to be) a perfect storm of taxes, spending, and regulatory intervention.
And even the Congressional Budget Office estimates it has cost the economy two million jobs.
Daniel J. Mitchell is a top expert on tax reform and supply-side tax policy at the Cato Institute. Mitchell is a strong advocate of a flat tax and international tax competition.
Sanders meets with Clinton to discuss support for her presidential campaign
Many workers and youth who rallied behind
Sanders will come to see his campaign as proof of
the impossibility of transforming the Democratic
Party, one of the two main parties of Wall Street
and the military/intelligence establishment, into an
instrument of progressive change, and the
essentially reactionary role of all those who claim
Cecilia Munoz - Formerly of the 'Tan Klan' now works in Intra-government Affairs for the White House
thrown by the miserable ADL.
oppose it is scorned as racism. Aztlan and Mecha groups advocate killing all whites and blacks and driving them out of the southern states by means of brutal ethnic cleansing.
Read more: http://www.americanthinker.com/blog/2016/06/hillary_hilarity.html#ixzz4BZOsWEMQ
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THE MEXICAN FASCIST PARTY OF LA RAZA “The Race”.
Not only has Hillary vowed to defend Obama's executive immigration actions, she said "if Congress continues to refuse to act, as president I would do everything possible under the law to go even further." She added, "That is just the beginning!"
ABYSMAL RECORD OF SELF-ENRICHING CORRUPTION AND INCOMPETENCE
and violated some ten federal statutes."
"The Clintons used this as a way to launder foreign donations (which would be illegal if they were campaign donations) to finance her campaign in absentia."
THROUGH HILLARY CLINTON’S MANSION
Clinton Cash investigates how Bill and Hillary Clinton went from being “dead broke” after leaving the White House to amassing a net worth of over $150 million, with $2 billion in donations to their foundation, wealth accumulated during Mrs. Clinton’s tenure as Sec. of
State through lucrative speaking fees and contracts paid for by foreign companies and Clinton Foundation donors.
Hillary Clinton -- Career Criminal
are we to make of Mrs. Clinton’s public posturing that of course
[emphasis in original] she is prepared to cooperate -- and encourages her
subordinates to cooperate -- with government investigators?”
question is obviously rhetorical, but one problem with rhetorical questions is
that we don’t always really answer them, other than shrugging. So allow me
in this case to answer that question. What we are to make of Mrs. Clinton
is that she is an accomplished career criminal -- and I mean that literally,
lot of accomplished career criminals Mrs. Clinton has committed so many high
crimes and misdemeanors, and gotten away with them to boot, that we tend to
forget (or ignore) past acts of lawlessness because the new ones keep on
coming. And like skillful felons the world over, Mrs. Clinton takes full
advantage of this very human inclination, by sloughing off past accusations as
“old news” or the result of biases that have emerged through
“misunderstandings.” Anyone who has worked in criminal justice has seen this
phenomenon, where repeat offenders get to know police, prosecutors and judges
so well that law enforcement tires of them -- maybe even comes to like them a
bit -- and so cut the career criminal a break. And the clever crook knows this
tendency and plays upon it. It’s this dynamic that led to the development
of “three strikes” laws, so such crooks don’t receive unearned or plainly
Trump’s recentfaux pas regarding
the long-ago apparent suicide of Clinton confidant Vince Foster is an example
of this process. Trump, as is his wont, made a poorly thought-out off-the-cuff
remark suggesting that Foster was murdered, and that Clinton was behind
it. Since this is one crime that the Clintons probably did not commit,
Trump’s remark was foolish, since, like accusations about Obama’s birthplace,
it just gives the leftist media ammunition to belittle legitimate criticisms.
But it was also understandable -- Trump didn’t claim the accusations were true,
only that he was aware of them, and given we’re talking about Hillary Clinton,
Trump needn’t speculate about Foster’s fate, nor should we. Rather than trying
to pin Foster’s death on Hillary, he ought to remind the public of her other
crimes, and launch focused attacks on her documented and provable malfeasances,
starting with her cattle futures trading windfall/bribe. Today, Hillary’s
cattle trading is usually mentioned casually as an indicator of how far back Hillary’s
corruption goes, but that crime (from 1978/79) itself is worth revisiting in
most of Hillary’s wrongdoing, she benefits from the fact that her schemes are
complex, superficially boring, and often hard for the general public to understand.
In that sense it’s understandable that Trump fell into the trap of talking
about the Foster case. Murder and/or suicide is comprehensible and sexy,
trading livestock is not. That doesn’t change the fact that Hillary’s $100,000
trading windfall cannot reasonably be seen as anything but a criminal
that knows anything about trading commodities understands that what Hillary
claims to have done -- turn an initial $1000 investment in cattle futures into
a $100,000 profit ten months later -- is as a practical matter almost
impossible even for the most skilled commodity operator, and absolutely
impossible for a neophyte such as Hillary was. My father traded
commodities for decades, was very smart, reasonably good at it, and even ran an
advisory service for a time. He managed to stay ahead but not by
much. Three quarters of commodity traders lose money, the vast majority
inexperienced traders like Clinton.
inexperienced blackjack player would have a much, much easier time turning a
$1000 stake at a casino into $100,000, than would a similarly situated person
in futures trading, though of course such a blackjack run would require almost
perfect play. What Hillary claims to have done would have required divine
intervention, or a criminal scheme. Since I am fairly sure the Almighty is not
on her side, we need to go with the latter.
the trading scheme became public in the 1990s, Clinton and her defenders tried
to explain the windfall away as a combination of Hillary’s native intelligence,
luck, and good advice. But a scholarly paper put out in 1994 by the Journal
of Economics and Finance calculated that
the odds of gaining such a profit in ten months
under conditions at the time, and giving the investor the benefit of the doubt,
at 31 trillion to 1. By way of comparison, the odds that the blood
detected on O.J. Simpson’s notorious glove (found after the murders at
Simpson’s estate), did not contain the blood of his victims is between 21 and 41 billion
chances in one. Thus, at least by this metric, it
is far, far more likely that O.J. Simpson is innocent of the murders of Ron
Goldman and Nicole Brown Simpson, than it is that Hillary’s cattle futures
profit was not illegal. Even a bored, inattentive and not very bright
electorate can understand that. And I understand that some people never will
understand it no matter what, which is why O.J. walked.
futures trading incident is also notable in that after the scheme became a
legal and political issue, Hillary’s cool reaction to it proved to be her
coming out party as an effective mob boss who could handle herself under
intense pressure and scrutiny. She was widely
praised in the liberal press for being
forthcoming and unflappable, while also giving no ground, a pattern that would
repeat itself again and again, up to the present.
cattle futures bribery scheme dates back to the same time frame as she began
her other introductory criminal scam, Whitewater. From
there came the Rose Law Firm billing records
scandal (related to Whitewater), Travelgate, Hillary’s libels against victims
of her husband’s predatory sexual behavior, Troopergate (related to Bill’s
dalliances), the White House’s missing furniture, the friendly mortgage for the
house in Chappaqua, a carpet-bagging Senate run, the Clinton Foundation, pay
for play speeches, Benghazi, and the email scandals. (I may have missed
one or two others.)
breathtaking history of scandal and criminality that might make Tony Soprano
blush, and is certainly the envy of real life mob bosses cooling their heels in
penitentiaries jail across the nation. Hillary simply has almost all the
traits (and history) of a successful mob boss, including a close knit group of
loyal confederates who operate under a code of omerta.
has many flaws, but to my knowledge he is not an outright criminal, much less a
mob boss. Trump needn’t concern himself with Vince Foster. He does
need to thoughtfully
and aggressively hone his attack on Hillary’s
enduring criminality. There is plenty to work with.
Read more: http://www.americanthinker.com/articles/2016/05/hillary_clinton__career_criminal.html#ixzz49xqSEmD2