Friday, March 2, 2018

US RECORD 12 STRAIGHT YEARS WITH WEAK GDP...... BUT THE RICH ONLY BECAME SUPER RICH!

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. 

U.S. Has Record 12th Straight Year Without 3% Growth in GDP



By Terence P. Jeffrey | February 28, 2018 | 10:05 AM EST


President Barack Obama and First Lady Michelle Obama greet President-elect Donald Trump and Melania Trump at the White House on Inauguration Day, Jan. 20, 2017. (Screen Capture)
(CNSNews.com) - The United States has gone a record 12 straight years without 3-percent growth in real Gross Domestic Product, according to data released today by the Bureau of Economic Analysis.
Even so, growth in real GDP improved in 2017 compared to 2016.
“Real GDP increased 2.3 percent in 2017 (that is, from the 2016 annual level to the 2017 annual level), compared with an increase of 1.5 percent in 2016,” said BEA.
The BEA has calculated GDP for each year since 1929 and the growth in real (inflation-adjusted) GDP for each year since 1930.
In the 88 years for which the BEA has calculated the annual growth in real GDP (1930 through 2017), the period from 2006 through 2017 is the only twelve-year period in which real GDP did not grow by at least 3 percent in any year.
The best growth in real GDP in the period from 2006 through 2017 was in 2015, when it grew by 2.9 percent. The second best was 2006, when it grew by 2.7 percent.
The worst two years in that 12-year stretch were during the Great Recession of 2008 and 2009, when real GDP declined by 0.3 percent and 2.8 percent respectively.
That recession ended in June 2009. In the eight complete years since that recession (2010 through 2017), there have been three years when real GDP did not grow by as much as 2 percent. Those years were 2011 (1.6 percent), 2013 (1.7 percent) and 2016 (1.4 percent).
Before the current period, when the nation has seen twelve straight years without 3 percent growth in real GDP, the longest stretch of years in which real GDP did not grow by at least 3 percent was during the Great Depression—when there were four straight years (1930-1933) when real GDP did not grow that much.
In 1930, real GDP declined by 8.5 percent; in 1931, real GDP declined by 6.4 percent; in 1932, it declined by 12.9 percent; and in 1933, it declined by 1.3 percent.
But, in 1934, real GDP bounced back with 10.8 percent annual growth.
The last time real GDP grew by as much as 10 percent was in 1943, during World War II. That year, it grew by 17.0 percent.
The last time real GDP grew by more than 8 percent was 1951, when it grew by 8.1 percent.
The last time it grew by more than 7 percent was 1984, when Ronald Reagan was president. That year, it grew by 7.3 percent.
In the years after 1984, the highest level of economic growth achieved by the United States was in 1999, when real GDP grew by 4.7 percent.
The next year, 2000, real GDP grew by 4.1 percent. But in the 17 years since then, growth in real GDP has never hit 4 percent again, and has achieved 3 percent or better only twice—in 2004 (3.8 percent) and 2005 (3.3 percent).
President Barack Obama, who was inaugurated in January 2009 and left office January 2017, is the only president on record (in the years since 1930) who has completed his time in office and who never served in a year when real GDP grew by at least 3.0 percent.


AMERICAN POVERTY and the LA RAZA 

MEXICAN WELFARE STATE on 

AMERICA’S BACKS.



"Congress must prioritize four repairs for the immigration system before contemplating any DACA-style amnesty negotiation, said Brat: 1. Ending chain migration and the visa lottery; 2. Mandating employer use of E-Verify; 3. Construction of a southern border wall; and 4. Interior enforcement of immigration law." REP. DAVE BRAT


HOMELESS IN AMERICA WHERE 40 MILLION ILLEGALS HAVE JOBS, AND SUCK IN BILLIONS IN WELFARE!
With last month’s publication in the opinion section of The Oregonian of an anti-homeless rant by Columbia Sportswear president and CEO Tim Boyle, an effort has begun to shift the response to  city's the homeless crisis to a more open policy of criminalization.

"Today, each of the top 5 billionaires owns as much as 750 million people, more than the total population of Latin America and double the population of the US."....AND THEY ALL WANT AMNESTY, OPEN BORDERS, NO E-VERIFY AND NON-ENFORCEMENT TO KEEP WAGES DEPRESSED!


AMERICA’S SUICIDE:

PATHOLOGICAL VIOLENCE, OPIOID ADDICTION, STAGGERING POVERTY, SOARING JOBLESSNESS FOR LEGALS AND POVERTY FOR ALL….. While the rich only get SUPER RICH!

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'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 

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