OBAMA’S CRONY BANKSTERISM destroyed a TRILLION DOLLARS
in home equity… and they’re still plundering us!
Barack Obama created
more debt for the middle class than any president in US
history, and also
had the only huge QE programs: $4.2 Trillion.
OXFAM reported that during Obama’s
terms, 95% of the wealth created went to the top 1% of the world’s wealthy.
Pelosi - Illegals - Sunkist - Her investments!
Pelosi's corrupt insider passing of bills that make her rich.
Check for yourself
Speaker of the House Nancy Pelosi's home House District includes
San Francisco.
Star-Kist Tuna's headquarters are in San Francisco, Pelosi's home
district.
Star-Kist is owned by Del Monte Foods and is a major contributor
to Pelosi.
Star-Kist is the major employer in American Samoa employing 75% of
the Samoan workforce.
Paul Pelosi, Nancy's husband, owns $17 million dollars of
Star-Kist stock.
In January, 2007 when the minimum wage was increased from $5.15 to
$7.25, Pelosi had American Samoa exempted from the increase so Del Monte would
not have to pay the higher wage. This would make Del Monte products less
expensive than their competition's.
Last week when the huge bailout bill was passed, Pelosi added an
earmark to the final bill adding $33 million dollars for an "economic
development credit in American Samoa".
Pelosi has called the Bush Administration "corrupt".
Check some more for yourself
I am sure there is nothing at all suspicious when the then-speaker of the House managed to triple her (and her husband Paul's) estimated net worth in the period of a global financial crisis, when the federal government was deciding whom to bail o...: During a global financial crisis, when the federal government was deciding whom to bail out and whom to let go bankrupt, and where to spend hundreds of millions of dollars on
Nancy Pelosi's net worth more than tripled during financial crisis 2008-2010
I am sure there is nothing at all suspicious when the then-speaker of the House managed to triple her (and her husband Paul's) estimated net worth in the period of a global financial crisis, when the federal government was deciding whom to bail out and whom to let go bankrupt, and where to spend hundreds of millions of dollars on "stimulus."
Doug Ross of Director Blue noticed the stunning investment success of the San Francisco couple, drawing on information from Open Secrets, run by the Center for Responsive Politics.
And there is nothing at all odd about investing mainly in the financial sector during a financial crisis, during which government interventions played an outsized role:
And just because her investments were much less successful after she lost the speakership, it would be unjust to conclude that any political influence was at work. No, no, no! Remember that our leaders care about us, and protect us so fully that we don't even need firearms to protect us from bad guys. We can just rely on law enforcement officials like the FBI and Sheriff David Israel in Broward County.
Or, maybe we have what Glenn Reynolds calls the "worst ruling class in history."
California used to be home to America's largest and most affluent middle class. Today, it is America's poverty capital. What went wrong? In a word: immigration. SPENCER P. MORRISON
“Thirteen years after welfare reform, the share
of immigrant-headed households (legal and illegal) with a child (under age 18)
using at least one welfare program continues to be very high. This is partly
due to the large share of immigrants with low levels of education and their
resulting low incomes — not their legal status or an unwillingness to work. The
major welfare programs examined in this report include cash assistance, food
assistance, Medicaid, and public and subsidized housing.” Steven A.
Camarota
PHONY “POPULIST” BERNIE SANDERS
For all of his talk about leading “political revolution” against
the “billionaire class,” Sanders backed Clinton, a shill of
Wall Street and
the Pentagon, who has nothing but contempt for the tens of
millions
of workers devastated by the 2008 financial crash and Obama’s
pro-
corporate policies.
(POVERTY)
OBAMA’S CRONY BANKSTERISM destroyed a TRILLION DOLLARS
in home equity… and they’re still plundering us!
Barack Obama created
more debt for the middle class than any president in US
history, and also
had the only huge QE programs: $4.2 Trillion.
OXFAM reported that during Obama’s
terms, 95% of the wealth created went to
the top 1% of the world’s wealthy.
BARACK OBAMA: THE
CLOSET MUSLIM PSYCHOPATH WHO HATED AMERICA!
"But the Obamas
are the center of the most delusional cult of personality that the media has
yet spawned. And so we get bizarre pieces like these."
The mullahs rolled in cash as a result of rolling
Obama and his gullible team over the deal, knowing that Obama was desperate for
some sort of legacy. MONICA SHOWALTER
EVEN BEFORE HE TOOK OFFICE, BARACK OBAMA HAD SUCKED IN
MORE BRIBES FROM CRIMINAL BANKSTERS THAN ANY OTHER PRESIDENT IN HISTORY!
*
Records show that four out of Obama's top five contributors are employees of financial industry giants -Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207) and Citigroup ($358,054)….. BUT HE KEPT THEM ALL OUT OF PRISON AND
PLUNDERING FOR BOTTOMELESS BAILOUTS!
THE LA RAZA SUPREMACY DEMOCRAT PARTY'S VISION OF AMERICA:
DEATH OF THE GOP AND 49 MEXIFORNIAS!
Adios, Sanctuary La Raza Welfare State of California
A fifth-generation Californian laments his state’s ongoing economic collapse.
By Steve Baldwin
American Spectator, October 19, 2017
What’s clear is that the producers are leaving the state and the takers are coming in. Many of the takers are illegal aliens, now estimated to number over 2.6 million. The Federation for American Immigration Reform estimates that California spends $22 billion on government services for illegal aliens, including welfare, education, Medicaid, and criminal justice system costs.
A fifth-generation Californian laments his state’s ongoing economic collapse.
By Steve Baldwin
American Spectator, October 19, 2017
What’s clear is that the producers are leaving the state and the takers are coming in. Many of the takers are illegal aliens, now estimated to number over 2.6 million. The Federation for American Immigration Reform estimates that California spends $22 billion on government services for illegal aliens, including welfare, education, Medicaid, and criminal justice system costs.
BLOG:
MANY DISPUTE CALIFORNIA’S EXPENDITURES FOR THE LA RAZA WELFARE STATE IN
MEXIFORNIA JUST AS THEY DISPUTE THE NUMBER OF ILLEGALS. APPROXIMATELY HALF THE
POPULATION OF CA IS NOW MEXICAN AND BREEDING ANCHOR BABIES FOR WELFARE LIKE
BUNNIES. THE $22 BILLION IS STATE EXPENDITURE ONLY. COUNTIES PAY OUT MORE WITH
LOS ANGELES COUNTY LEADING AT OVER A BILLION DOLLARS PAID OUT YEARLY TO
MEXICO’S ANCHOR BABY BREEDERS. NOW MULTIPLY THAT BY THE NUMBER OF COUNTIES IN
CA AND YOU START TO GET AN IDEA OF THE STAGGERING WELFARE STATE MEXICO AND THE
DEMOCRAT PARTY HAVE ERECTED SANS ANY LEGALS VOTES. ADD TO THIS THE FREE
ENTERPRISE HOSPITAL AND CLINIC COST FOR LA RAZA’S “FREE” MEDICAL WHICH IS
ESTIMATED TO BE ABOUT $1.5 BILLION PER YEAR.
Liberals
claim they more than make that up with taxes paid, but that’s simply not true.
It’s not even close. FAIR estimates illegal aliens in California contribute
only $1.21 billion in tax revenue, which means they cost California $20.6
billion, or at least $1,800 per household.
Nonetheless, open border advocates, such as Facebook Chairman Mark Zuckerberg, claim illegal aliens are a net benefit to California with little evidence to support such an assertion. As the Center for Immigration Studies has documented, the vast majority of illegals are poor, uneducated, and with few skills. How does accepting millions of illegal aliens and then granting them access to dozens of welfare programs benefit California’s economy? If illegal aliens were contributing to the economy in any meaningful way, California, with its 2.6 million illegal aliens, would be booming.
Furthermore, the complexion of illegal aliens has changed with far more on welfare and committing crimes than those who entered the country in the 1980s. Heather Mac Donald of the Manhattan Institute has testified before a Congressional committee that in 2004, 95% of all outstanding warrants for murder in Los Angeles were for illegal aliens; in 2000, 23% of all Los Angeles County jail inmates were illegal aliens and that in 1995, 60% of Los Angeles’s largest street gang, the 18th Street gang, were illegal aliens. Granted, those statistics are old, but if you talk to any California law enforcement officer, they will tell you it’s much worse today. The problem is that the Brown administration will not release any statewide data on illegal alien crimes. That would be insensitive. And now that California has declared itself a “sanctuary state,” there is little doubt this sends a message south of the border that will further escalate illegal immigration into the state.
Nonetheless, open border advocates, such as Facebook Chairman Mark Zuckerberg, claim illegal aliens are a net benefit to California with little evidence to support such an assertion. As the Center for Immigration Studies has documented, the vast majority of illegals are poor, uneducated, and with few skills. How does accepting millions of illegal aliens and then granting them access to dozens of welfare programs benefit California’s economy? If illegal aliens were contributing to the economy in any meaningful way, California, with its 2.6 million illegal aliens, would be booming.
Furthermore, the complexion of illegal aliens has changed with far more on welfare and committing crimes than those who entered the country in the 1980s. Heather Mac Donald of the Manhattan Institute has testified before a Congressional committee that in 2004, 95% of all outstanding warrants for murder in Los Angeles were for illegal aliens; in 2000, 23% of all Los Angeles County jail inmates were illegal aliens and that in 1995, 60% of Los Angeles’s largest street gang, the 18th Street gang, were illegal aliens. Granted, those statistics are old, but if you talk to any California law enforcement officer, they will tell you it’s much worse today. The problem is that the Brown administration will not release any statewide data on illegal alien crimes. That would be insensitive. And now that California has declared itself a “sanctuary state,” there is little doubt this sends a message south of the border that will further escalate illegal immigration into the state.
"If the racist "Sensenbrenner
Legislation" passes the US Senate, there is no doubt that a massive civil
disobedience movement will emerge. Eventually labor union power can merge with
the immigrant civil rights and "Immigrant Sanctuary" movements
to enable us to either form a new political party or to do heavy duty reforming
of the existing Democratic Party. The next and final steps would follow and
that is to elect our own governors of all the states within Aztlan."
Indeed, California goes out of its way to attract illegal aliens. The state has even created government programs that cater exclusively to illegal aliens. For example, the State Department of Motor Vehicles has offices that only process driver licenses for illegal aliens. With over a million illegal aliens now driving in California, the state felt compelled to help them avoid the long lines the rest of us must endure at the DMV. And just recently, the state-funded University of California system announced it will spend $27 million on financial aid for illegal aliens. They’ve even taken out radio spots on stations all along the border, just to make sure other potential illegal border crossers hear about this program. I can’t afford college education for all my four sons, but my taxes will pay for illegals to get a college education.
Indeed, California goes out of its way to attract illegal aliens. The state has even created government programs that cater exclusively to illegal aliens. For example, the State Department of Motor Vehicles has offices that only process driver licenses for illegal aliens. With over a million illegal aliens now driving in California, the state felt compelled to help them avoid the long lines the rest of us must endure at the DMV. And just recently, the state-funded University of California system announced it will spend $27 million on financial aid for illegal aliens. They’ve even taken out radio spots on stations all along the border, just to make sure other potential illegal border crossers hear about this program. I can’t afford college education for all my four sons, but my taxes will pay for illegals to get a college education.
If Immigration Creates
Wealth, Why Is California America's Poverty Capital?
California
used to be home to America's largest and most affluent middle
class. Today, it is America's poverty
capital. What went wrong? In a word:
immigration. According to the U.S. Census Bureau'...: The
Golden State is peddling fool's gold lately.
California used to be
home to America's largest and most affluent middle class. Today, it
is America's poverty capital. What went wrong? In a
word: immigration.
According to the U.S. Census
Bureau's Official
Poverty Measure, California's poverty rate hovers around 15
percent. But this figure is misleading: the Census Bureau measures
poverty relative to a uniform national standard, which doesn't account for differences
in living costs between states – the cost of taxes, housing, and health care
are higher in California than in Oklahoma, for example. Accounting
for these differences reveals that California's
real poverty rate is 20.6 percent – the highest in America, and nearly
twice the national average of 12.7 percent.
Likewise, income
inequality in California is the second-highest in America, behind only New
York. In fact, if California were an independent country, it would
be the 17th most unequal country on Earth, nestled comfortably between Honduras
and Guatemala. Mexico is slightly more
egalitarian. California is far more unequal than the "social
democracies" it emulates: Canada is the 111th most unequal nation,
while Norway is far down the list at number 153 (out of 176 countries). In
terms of income inequality, California has more in common with banana republics
than other "social democracies."
More Government, More Poverty
High taxes, excessive regulations,
and a lavish welfare state – these are the standard explanations for
California's poverty epidemic. They have some merit. For
example, California has both the highest personal income tax rate and the
highest sales tax in America, according to Politifact.
Not only are California's taxes high,
but successive "progressive" governments have swamped the state in a
sea of red tape. Onerous regulations cripple small businesses and
retard economic growth. Kerry Jackson, a fellow with the Pacific
Research Institute, gives a few specific examples of how excessive government
regulation hurts California's poor. He writes in a recent op-ed for
the Los
Angeles Times:
Extensive environmental regulations
aimed at reducing carbon dioxide emissions make energy more expensive, also
hurting the poor. By some estimates, California energy costs are as
much as 50% higher than the national average. Jonathan A. Lesser of
Continental Economics ... found that "in 2012, nearly 1 million California
households faced ... energy expenditures exceeding 10% of household
income."
Some government regulation is
necessary and desirable, but most of California's is not. There is
virtue in governing with a "light touch."
Finally, California's welfare state
is, perhaps paradoxically, a source of poverty in the
state. The Orange
Country Register reports that California's social safety net is
comparable in scale to those found in Europe:
In California a mother
with two children under the age of 5 who participates in these major welfare
programs – Temporary Assistance for Needy Families, Supplemental Nutrition
Assistance Program (food stamps), housing assistance, home energy assistance,
Special Supplemental Nutrition Program for Women, Infants and Children – would
receive a benefits package worth $30,828 per year.
... [Similar] benefits
in Europe ranged from $38,588 per year in Denmark to just $1,112 in
Romania. The California benefits package is higher than in
well-known welfare states as France ($17,324), Germany ($23,257) and even
Sweden ($22,111).
Although welfare states ideally help
the poor, reality is messy. There are three main problems with the
welfare state. First, it incentivizes poverty by rewardingthe
poor with government handouts that are often far more valuable than a
job. This can be ameliorated to some degree by imposing work
requirements on welfare recipients, but in practice, such requirements are
rarely imposed. Second, welfare states are expensive. This means higher taxes and therefore slower economic
growth and fewer job opportunities for everyone – including the poor.
Finally, welfare states are magnets
for the poor. Whether through domestic migration or foreign
immigration, poor people flock to places with generous welfare
states. This is logical from the immigrant's perspective, but it
makes little sense from the taxpayer's. This fact is why socialism
and open borders arefundamentally
incompatible.
Why Big Government?
Since 1960, California's population
exploded from 15.9 to 39 million people. The growth was
almost entirely due to immigration – many people came from other states, but
the majority came from abroad. The Public Policy
Institute of California estimates that 10 million immigrants currently
reside in California. This works out to 26 percent of the state's
population.
BLOG: COME TO
MEXIFORNIA! HALF OF LOS ANGELES 15 MILLION ARE ILLEGALS!
This figure includes
2.4 million illegal aliens, although a recent
study from Yale University suggests that the true number of aliens is
at least double that. Modifying
the initial figure implies that nearly one in three Californians is an
immigrant. This is not to disparage California's immigrant
population, but it is madness to deny that such a large influx of people has
changed California's society and economy.
Importantly, immigrants vote
Democrat by a ratio higher than 2:1, according to a report from the Center
for Immigration Studies. In California, immigration has
increased the pool of likely Democrat voters by nearly 5 million people,
compared to just 2.4 million additional likely Republican voters. Not
only does this almost guarantee Democratic victories, but it also shifts
California's political midpoint to the left. This means that to
remain competitive in elections, the Republicans must abandon
or soften many conservative positions so as to cater to the center.
California became a
Democratic stronghold not because Californians became socialists, but because
millions of socialists moved there. Immigration turned California
blue, and immigration is ultimately to blame for California's high poverty
level.
MEXIFORNIA:
WHERE LA RAZA AND THEIR CARTELS LOOT FIRST!
California used to be home to America's largest and most affluent middle class. Today, it is America's poverty capital. What went wrong? In a word: immigration. SPENCER P. MORRISON
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