"One of the premier institutions of
big business, JP Morgan Chase, issued an internal report on the
eve of the 10th anniversary of the 2008 crash, which warned that
another “great liquidity crisis” was possible, and that a
government bailout on the scale of that effected by Bush and Obama
will produce social unrest, “in light of the potential impact
of central bank actions in driving inequality between
asset owners and labor."
Flashback–Biden:
U.S. Needs More H-1B Foreign Workers for Corporations
17 Jun 2019162
3:44
In 2013, then-Vice President Joe Biden advocated for bringing more H-1B
foreign visa workers to the United States to compete against American graduates
and professionals in high-paying science, technology, and engineering jobs.
Biden told
attendees of the Export-Import Bank’s 2013 Annual Conference that not only
did the U.S. need to bring more H-1B foreign visa workers to the country for
corporations, but that foreign students graduating from American universities
should “literally” be given green cards to permanently stay in the U.S.
Biden said:
We also think
its essential to reform the immigration system. Every year … our
university system generates roughly 40,000 people with PhDs and master degrees
in areas of science and technology that we need and we make sure that they’re
promptly escorted back to their country. At the very same time, we’re
spending hundreds of millions of dollars on STEM education. It makes no
sense in my humble opinion. [Emphasis added]
Sending
them back to their country denies them a visa even when they have a job waiting for
them. Instead of sending them home, we should be a stamping a green
card on their diploma as they walk across the stage. Literally, I mean this
literally, not figuratively, literally. If they have a job here, they
should be able to stay here. We should want them here. [Emphasis added]
Ladies and
gentlemen, we’ve also proposed adding additional H-1B visas so that
American employers can hire the best and the brightest no matter where they
come from if they can’t be found here. [Emphasis added]
Every
year, more than 100,000 foreign workers are brought to the U.S. on the H-1B
visa and are allowed to stay for up to six years. There are about 650,000
H-1B visa foreign workers in
the U.S. at any given moment. Americans are often laid off in the
process and forced to train their foreign replacements, as highlighted by
Breitbart News. Nearly 70
percent of all H-1B visas are rewarded to Indian nationals.
More
than 85,000 Americans annually potentially lose their jobs to foreign labor
through the H-1B visa program. Oftentimes, importing a foreign worker on
the H-1B visa is the first step in a multinational corporations’ effort to
outsource the American job, as the foreign worker arrives in the U.S., is
trained in the job, and then is eventually sent back overseas with the job.
While
Biden advocated for more labor market competition against America’s
professionals and graduates, foreign workers have already crowded out Americans
in the tech hub of Silicon Valley, California.
Analysis
conducted last year reveal that 71
percent of tech workers in Silicon Valley are
foreign-born, while the tech industry in the San Francisco, Oakland, and
Hayward area is made up of 50 percent foreign-born tech workers.
Last
year, U.S. businesses and corporations attempted to outsource nearly
420,000 American jobs to foreigners through the H-1B visa program — a number
that outpaces the population of Tampa, Florida.
As
Breitbart News previously reported, more than
2.7 million H-1B foreign workers have been approved to come to the U.S. to take
American jobs between 2007 and 2017. During that same period, businesses tried
to outsource almost 3.5 million American jobs to foreign workers instead of
hiring Americans.
About
four million young Americans enter the workforce each year, many looking for
white-collar jobs in the STEM fields. Those Americans’ prospects of finding
work are crippled by the country’s legal immigration process, which admits
more than 1.5 million immigrants and hundreds of thousands of foreign visa
workers annually.
John
Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder.
"While America’s working and middle class
have been subjected to compete for jobs against a constant flow of
cheaper foreign workers — where
more than 1.2 million mostly low-skilled immigrants are admitted to the country
annually — the billionaire class has experienced historic salary
gains." Sen. Josh Hawley
"This is how they will destroy
America from within. The leftist billionaires who
orchestrate these plans are wealthy. Those tasked with representing
us in Congress will never be exposed to the cost of the invasion of
millions of migrants. They have nothing but contempt
for those of us who must endure the consequences of
our communities being intruded upon by gang members,
drug dealers and human
traffickers. These people have no intention
of becoming Americans; like the Democrats who welcome them, they have
contempt for us." PATRICIA McCARTHY
“Behind the ostensible government sits enthroned an invisible
government owing no allegiance and acknowledging no responsibility to the
people. To destroy this invisible government, to befoul the unholy alliance
between corrupt business and corrupt politics is the first task of the
statesmanship of today.” THEODORE ROOSEVELT
"But what the Clintons do is criminal because they do
it wholly at the expense of the American people. And they feel thoroughly
entitled to do it: gain power, use it to enrich themselves and their friends.
They are amoral, immoral, and venal. Hillary has no core beliefs beyond power
and money. That should be clear to every person on the planet by
now." ---- Patricia McCarthy - AMERICANTHINKER.com
“The couple parlayed lives supposedly spent in “public
service”
into admission into the upper stratosphere of American wealth, with incomes in
the top 0.1 percent bracket. The source of this vast wealth was a
political machine that might well be dubbed “Clinton, Inc.” This consists
essentially of a seedy money-laundering operation to ensure big business
support for the Clintons’ political ambitions as well as their personal
fortunes."
Watch–Josh Hawley Rips ‘Aristocratic Elite’ for
Engineering U.S. Economy Against American Middle Class
16 May 2019184
6:00
Sen. Josh Hawley (R-MO) ripped what he called the country’s “new
aristocratic elite” for engineering the United States economy against the
American middle class.
For
his first major speech on the Senate floor, Hawley slammed the “big banks, big
tech, big multi-national corporations, along with their allies in the academy
and the media,” whom he said have created an economic structure in which they,
the well-connected, benefit while the American working and middle class
increasingly struggle to get ahead.
Hawley
said:
The chattering class often tells us that all of this—the jobs,
the despair, the loss of standing—is the result of forces beyond anyone’s
control. As if that’s an excuse to do nothing. But in fact,
it’s not true. [Emphasis added]
Today’s society benefits those who shaped it, and it has been
shaped not by working men and women, but by the new aristocratic elite. Big
banks, big tech, big multi-national corporations, along with their allies in
the academy and the media—these are the aristocrats of our age. They live
in the United States, but they consider themselves citizens of the
world. [Emphasis added]
They
operate businesses or run universities here, but their primary loyalty
is to their own agenda for a more unified, progressive—and profitable—global
order. These modern aristocrats often claim to be a meritocracy. And many
of them truly believe they are. What they don’t see, or won’t acknowledge, is
that the society they have built works mainly for themselves. They’ve
effectively run this country for decades. And their legacy is national division
and national decline. [Emphasis added]
Defending
the needs of the American middle class against a growingly powerful
“aristocratic elite” is the “crisis of our time,” Hawley asserted.
“After
years of sacrifice, the great American middle is being pushed aside by a new,
arrogant aristocracy,” Hawley said. “The new aristocrats seek to remake society
in their own image: to engineer an economy that works for the elite but few
else, to fashion a culture that is dominated by their own preferences.”
“This
town has embraced a politics of elite values and elite ambition rather than
building opportunities to thrive in the great and broad American middle. This
has left middle America—the great American middle class—under siege: battling
the loss of respect and work, the decline of home and family, an epidemic of
loneliness and despair,” Hawley continued. “This is the crisis of our time.”
Specifically,
Hawley blasted multinational corporations for outsourcing American middle class
jobs overseas — wreaking economic, cultural, and social havoc on rural and
small town American communities in the process — and both political
establishments for treating American citizens as mere consumers.
“In
places like the one where I grew up, in middle Missouri, good-paying jobs that
you can raise a family on are going away,” Hawley said. “The jobs go overseas
or south of the border or to cities on the coasts. And once-vibrant towns
decline, taking with them the network of schools and neighborhoods and churches
that make up middle class life.”
Hawley
continued:
Rural
America has been particularly hard hit. Rural Americans’ life
expectancy has not just leveled off, its actually dropped, and for women
without a high school degree, that drop has been staggering. In some rural
places, residents struggle with outright deprivation. [Emphasis added]
My home state contains some of the poorest counties in America,
all in rural places that once boasted thriving small towns. As those
communities struggle, want sets in. But the crisis reaches well beyond
economics. [Emphasis added]
The message that Washington has sent our whole society is loud
and clear: our elites are the people who matter—and those
who aspire to join them. Everyone else is unimportant or backwards.
And millions of Americans are left with the sense that the people who
run this country view them with nothing but contempt and value them as nothing
but consumers. [Emphasis added]
Indeed,
working and middle class Americans have been hit the hardest from decades-long
political consensus between the Republican establishment and Democrats.
Recent research
revealed that while coastal, elite metropolis cities have
flourished in the last decade, small town and rural American communities have
suffered depopulation, mass job loss, and continued economic strain since the
Great Recession.
For
instance, by 2016, elite zip codes had a surplus of 3.6 million jobs,
which is more than the combined bottom 80 percent of American zip codes. While
it only took about five years for wealthy cities to replace the jobs lost by
the recession, it took “at risk” regions of the country a decade to recover,
and “distressed” U.S. communities are “unlikely ever to recover on current
trendlines,” the report predicts.
Economic
growth among the country’s middle-class counties and middle-class zip codes has
considerably trailed national economic growth. For example, between 2012 and
2016, there were 4.4 percent more business establishments in the country as a
whole. That growth was less than two percent in the median zip code and there
was close to no growth in the median county.
While America’s working and middle class have been subjected to
compete for jobs against a constant flow of cheaper foreign workers — where
more than 1.2 million mostly low-skilled immigrants are admitted to the country
annually — the billionaire class has experienced historic salary gains.
A
study by the Economic Policy Institute found that the country’s
top 0.01 percent have enjoyed more than 15 times as much
wage growth as the bottom 90 percent of wage earners. Between 1979 and 2017,
working and middle class Americans’ wages grew by only 22 percent. On the other
hand, the plutocrat class saw their salaries grow by more than 155 percent over
the same period.
Likewise,
free trade deals like NAFTA — supported by Republicans and Democrats — as well
as China’s entering the World Trade Organization (WTO) has eliminated nearly
five million American manufacturing jobs across the country,
devastating steel towns and U.S. autoworkers. One former steel town in
West Virginia lost 94
percent of its steel jobs because of NAFTA, with nearly 10,000 workers in
the town being displaced from the steel industry.
John
Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder.
JAMES WALSH
THE GLOBALIST DEMOCRAT PARTY’S
HISPANICAZATION of AMERICA… first ease millions of illegals over our
borders and into our voting booths!
How the
Democrat party surrendered America to Mexico:
“The
watchdogs at Judicial Watch discovered documents that reveal how the Obama
administration's close coordination with the Mexican government entices
Mexicans to hop over the fence and on to the American dole.” Washington
Times
"This
is country belongs to Mexico" is said by the Mexican Militant. This is a
common teaching that the U.S. is really AZTLAN, belonging to Mexicans, which is
taught to Mexican kids in Arizona and California through a LA Raza educational
program funded by American Tax Payers via President Obama, when he gave LA RAZA
$800,000.00 in March of 2009!
The “zero tolerance” program was dismantled by Attorney General
Erc Holder once it had successfully cut the transit of migrants by
roughly 95 percent. Initially, officials made 140,000 arrests per year in the
mid-2000s, but the northward flow dropped so much that officials only had to
make 6,000 arrests in 2013, according to a 2014 letter by two
pro-migration Senators, Sen. Jeff Flake and John McCain.
“The cost of the Dream Act is far bigger than the
Democrats or their media allies admit. Instead of covering 690,000 younger
illegals now enrolled in former President Barack Obama’s 2012 “DACA” amnesty,
the Dream Act would legalize at least 3.3 million illegals,
according to a pro-immigration group, the Migration Policy Institute.”
Obama Quietly
Erasing Borders (Article)
WIKILEAKS EXPOSES THE OBAMA CONSPIRACY TO FLOOD
AMERICAN WITH DEM VOTING ILLEGALS
“The
watchdogs at Judicial Watch discovered documents that reveal how the Obama
administration's close coordination with the Mexican government entices
Mexicans to hop over the fence and on to the American dole.” Washington
Times
Obama
Funds the Mexican Fascist Party of LA RAZA “The Race”… now calling itself
UNIDOSus.
"This
is country belongs to Mexico" is said by the Mexican Militant. This is a
common teaching that the U.S. is really AZTLAN, belonging to Mexicans, which is
taught to Mexican kids in Arizona and California through a LA Raza educational
program funded by American Tax Payers via President Obama, when he gave LA RAZA
$800,000.00 in March of 2009!
Previous generations of immigrants did not believe they were racially
superior to Americans. That is the view of La Raza Cosmica,
by Jose Vasconcelos, Mexico’s former education minister and a presidential
candidate. According to this book, republished in 1979 by the Department of
Chicano Studies at Cal State LA, students of Scandinavian, Dutch and English
background are dullards, blacks are ugly and inferior, and those “Mongols” with
the slanted eyes lack enterprise. The superior new “cosmic” race of Spaniards
and Indians is replacing them, and all Yankee “Anglos.” LLOYD
BILLINGSLEY/ FRONTPAGE mag
*
GLOBALIST
BARACK OBAMA AND NANCY PELOSI’S CONSPIRACY TO SABOTAGE HOMELAND SECURITY AND
KEEP AMERICA FLOODED WITH DEM VOTING ILLEGALS
"Along
with Obama, Pelosi and Schumer are responsible for incalculable damage done to
this country over the eight years of that administration." PATRICIA
McCARTHY
“One of the most disgusting things to
come out of the Obama administration was "Operation Fast and
Furious," where members of the Department of Alcohol, Tobacco, Firearms
and Explosives (ATF) allowed illegal gun sales to go through – commonly
referred to as "gun walking" – in order to track buyers and sellers
they believed were connected to the Mexican drug cartels. Nearly 2,000 firearms
were sold and were eventually found throughout the United States and Mexico.
Two of them were used to k ill Border Patrol Agent Brian Terry.”
BETH BAUMANN
DURING OBAMA'S 8 YEAR BANKSTER REGIME,
HE OPERATED LA RAZA (NOW CALLING ITSELF UNIDOSus FROM THE WHITE HOUSE
UNDER LA RAZA V.P. CECILIA MUNOZ. HE FUNDED THE MEX FASCIST PARTY WITH
U.S. TAX DOLLARS.
BOTH OF OBAMA’S SECRETARY of (ILLEGAL)
LABOR WERE LA RAZA SUPREMACIST. THESE WERE HILDA SOLIS AND TOM PEREZ.
The “zero tolerance” program was dismantled by Attorney General
Erc Holder once it had successfully cut the transit of migrants by
roughly 95 percent. Initially, officials made 140,000 arrests per year in the
mid-2000s, but the northward flow dropped so much that officials only had to
make 6,000 arrests in 2013, according to a 2014 letter by two
pro-migration Senators, Sen. Jeff Flake and John McCain.
Jose Angel Gutierrez, professor,
University of Texas, Arlington and founder of La Raza Unida political
party screams at rallies: "We have an aging white America. They are d
ying. They are s hitting in their pants with fear! I love it! We have
got to eliminate the g ringo, and what I mean by that is if the worst comes to
the worst, we have got to k ill him!"
Previous generations of immigrants did not believe they were racially
superior to Americans. That is the view of La Raza Cosmica,
by Jose Vasconcelos, Mexico’s former education minister and a presidential
candidate. According to this book, republished in 1979 by the Department of
Chicano Studies at Cal State LA, students of Scandinavian, Dutch and English
background are dullards, blacks are ugly and inferior, and those “Mongols” with
the slanted eyes lack enterprise. The superior new “cosmic” race of Spaniards
and Indians is replacing them, and all Yankee “Anglos.” LLOYD
BILLINGSLEY/ FRONTPAGE mag
American
Workers Wouldn’t Stand A Chance With Bygone Joe Biden
When President Trump promised to bring
back American manufacturing, he wasn’t just talking about union workers. He was
describing an economic agenda that benefits all workers.
According to the latest figures from the Labor Department, the manufacturing sector just
posted its biggest wage gains in over a decade — a clear sign that the
President’s economic policies are making a real difference for working
families.
The employment cost index, which measures
employee wages and benefits, rose by 0.9 percent for the manufacturing sector in the first
quarter of 2019, with salaries and wages increasing by a full percentage point
— even faster than the value of job-related benefits.
The last time manufacturing wages rose so
much in a single quarter was in 2008, when wages also rose 1.0 percent between
January and March.
Those wage gains are impressive, but
they’re not surprising. Over the past two years, America has experienced an
historic economic boom marked by the lowest unemployment rate in half a
century, fueled by a pro-growth agenda that includes major middle-class tax
cuts, deregulation, and targeted counter-tariffs to protect American workers
against unfair trade practices by foreign competitors.
As a direct result of this effective
economic strategy, labor productivity is also increasing at a faster rate than it has in almost 10
years.
Between the surging value of American
workers and the fact that there are now more job openings than job seekers,
last quarter’s wage gains were practically inevitable.
As remarkable as our recent economic
progress has been, however, the Democrats want to eliminate President Trump’s
policies and replace them with a radical agenda that would return us to the
lethargic economy of the Obama years.
Democrat presidential frontrunner Joe
Biden, for instance, is reviving decades-old liberal appeals to labor unions, declaring that
his economic agenda will champion big labor.
“I make no apologies: I am a union man,
period,” Biden told members of the Teamsters union, arguing that “the American
middle class was built … by unions.”
While it’s true that unions played a key
role in America’s economic development a century ago, circumstances have
changed dramatically since Franklin Roosevelt’s day. Industries that used to be
dominated by unions, such as manufacturing and construction, are increasingly
dependent on non-union labor, necessitating a more comprehensive approach to
economic policy that looks out for the interests of all workers.
President Trump adopted just such an
approach, focusing his efforts on unleashing the potential of American workers
and businesses by removing government-imposed impediments such as high tax
rates and unnecessary regulations, rather than trying to use the federal
government to pick winners and losers.
As a result, wages are growing significantly faster for nonunion workers in goods-producing industries — in the
manufacturing sector, for instance, wages increased 1.1 percent for nonunion
workers last quarter, but only 0.4 percent for unionized employees.
While Trump’s innovative economic agenda is designed to improve
the lives of all American workers by sparking private sector growth, Biden and
his fellow Democrats are stuck in an outdated way of thinking that views
certain kinds of workers as more important than others. That’s exactly why the
2020 election is about more than just determining who wins the presidency —
it’s about defending our newfound prosperity from those who seek to take it
away.
Across the board, American workers are winning thanks to President
Trump’s economic policies. Biden’s pro-union agenda is just an outdated relic
of a bygone era. Workers wouldn’t stand a chance with bygone Joe Biden.
1993 Joe Biden
Said NAFTA Would Help U.S. Chrysler Workers – Years Later They Were Laid Off
AP Images
3 May 2019976
3:19
Former Vice President and Senator Joe Biden (D) was one of the earliest
cheerleaders for the North American Free Trade Agreement (NAFTA), which helped
to eliminate nearly five million U.S. manufacturing jobs.
During
a Senate floor speech in
November 1993, Biden said that NAFTA would, specifically, increase jobs and
production for American workers employed at Chrysler’s Newark, Delaware plant
by opening up the Mexican market.
“Chrysler
expects to sell 5,000 more cars to Mexico from their Newark, DE, plant by the
end of the decade,” Biden said. “Without NAFTA, Chrysler will have to
manufacture more cars in Mexico to meet the requirements of pre-NAFTA laws.”
Years
later, in 2007, those American workers at the Newark Chrysler plant were laid off as the
plant closed down. At the it’s height, about 5,700 American workers were
employed there. When the plant closed, around 700 to 1,100 Americans were left
without jobs.
Many
of the U.S. workers blamed the unfair foreign competition that they had been
subjected to because of free trade and multilateral agreements like NAFTA,
which made it easier for corporations to readily outsource American jobs to
Mexico.
“Everybody
here is mad, upset, the whole gamut of emotions,” a 15-year employee told the
Associated Press at the time. “People feel like they got the carpet yanked from
underneath them. They feel like there’s really nothing out there for them after
this. The economy is really bad, so it’s a hard thing.”
“Half
of Congress is buying foreign cars,” another longtime Chrysler worker said.
“They should be mandated to buy American cars. If they don’t, how patriotic is
that?”
Offshoring
production to Mexico has proven cheaper for corporate executives. Where
American workers earn $30 an hour, Mexican workers earn about $3 an hour in
comparison — a 90 percent cut to wages that has expanded the profit margins of
hundreds of former American manufacturers.
Though
Biden has routinely
claimed that NAFTA created jobs in Delaware and the
U.S., NAFTA helped to eliminate nearly
17,000 American jobs due to soaring trade deficits and China’s
entering the World Trade Organization (WTO) in his home state. NAFTA, alone,
eliminated about 1,200 American jobs in Delaware due to the U.S.-Mexico trade
deficit.
As
Breitbart News has
chronicled, decades-long free trade deals, NAFTA, and China’s entering the
WTO eliminated nearly five million manufacturing jobs across the country since
1994. Free trade advocates, like Biden, claimed at the time that NAFTA would
create a million U.S. manufacturing jobs in the first five years.
Instead,
nearly a million American jobs have been certified by the federal government as
being lost directly due to NAFTA, according to data gathered by Public Citizen.
These are only the U.S. jobs that the Trade Adjustment Assistance (TAA)
program recognizes as being lost to free trade and does not indicate the actual
number of jobs lost.
This
week, Biden defended his support, once again, of NAFTA, job-killing free trade
negotiations, and his opposition to tariffs on cheap foreign imports.
“I’m
proud of my record,” Biden told local
media in Iowa.
John Binder is a reporter for Breitbart News. Follow him on
Twitter at @JxhnBinder.
Flashback–Joe
Biden in 2007: Job-Killing NAFTA ‘Not the Problem’
30 Apr 2019189
4:46
In 2007, then-Senator Joe Biden (D-DE) defended the job-killing,
pro-outsourcing North American Free Trade Agreement (NAFTA) years after voting
in support of the free trade deal that ultimately helped lead to the
elimination of nearly five million U.S. manufacturing jobs.
During
a December 2007 interview with SentinelSource.com, Biden
defended his support for NAFTA by claiming that the free trade deal “probably
created” more U.S. jobs than those that were lost and said the deal “wasn’t the
problem.”
Biden
said:
My
problem is … I voted for NAFTA. NAFTA in my state created more jobs
than it lost jobs coming out of my state. And you can argue that, on
balance, it probably created more American jobs than it lost.
[Emphasis added]
…
There
was dislocation. Some jobs got lost. Some jobs got created. But, again,
NAFTA wasn’t the problem. The problem became when you go beyond what these
guys are going, [the Bush administration] and it’s attitude — it’s attitude
about … and it’s an intellectually indefensible attitude. [Emphasis added]
In
Biden’s home state of Delaware, though, NAFTA helped to eliminate nearly
17,000 American jobs due to soaring trade deficits and China’s
entering the World Trade Organization (WTO). NAFTA, alone, eliminated about
1,200 American jobs in Delaware due to the U.S.-Mexico trade deficit.
Biden
said, in the same interview, that the U.S. must be engaged in “open trade”
while calling himself a “fair trader.”
“This
isn’t about saying you can’t … we should not be investing in other parts of the
world, this is not saying we should not have open trade,” Biden said. “It just
says we should have free and fair trade. I mean, literally, fair trade. And
that means you get held to the same standard.”
As
Breitbart News has
chronicled, decades-long free trade deals, NAFTA, and China’s entering the
WTO eliminated nearly five million manufacturing jobs across the country since
1994. Free trade advocates, like Biden, claimed at the time that NAFTA would
create a million U.S. manufacturing jobs in the first five years.
Instead,
nearly a million American jobs have been certified by the federal government as
being lost directly due to NAFTA, according to data gathered by Public Citizen.
These are only the U.S. jobs that the Trade Adjustment Assistance (TAA)
program recognizes as being lost to free trade and does not indicate the actual
number of jobs lost.
For
example, free trade with Mexico, alone, has eliminated at least 700,000
American jobs, and states in the Rust Belt have been hit the hardest. Those
states and the number of American workers impacted include:
- 14,500 American workers displaced in Wisconsin
- 43,600 American workers displaced in Michigan
- 2,600 American workers displaced in West Virginia
- 26,300 American workers displaced in Pennsylvania
- 34,900 American workers displaced in Ohio
- 34,300 American workers displaced in New York
- 6,500 American workers displaced in Iowa
- 24,400 American workers displaced in Indiana
- 34,700 American workers displaced in Illinois
Most
famously, the state of West Virginia has been enormously crippled by free trade
and multilateral trade deals like NAFTA. One former steel town in West
Virginia lost 94
percent of its steel jobs because of NAFTA, with nearly 10,000 workers in
the town being displaced from the steel industry.
“They
talk about creating all these jobs,” an American worker told The
Independent of NAFTA. “But they’re just retail jobs that pay minimum
wage, or just above.”
This
week, Biden defended his support, once again, of NAFTA, job-killing free trade
negotiations, and his opposition to tariffs on cheap foreign imports.
“I’m
proud of my record,” Biden told local
media in Iowa.
Despite
declaring himself a defender of American union workers, Biden’s first
fundraiser for his 2020 presidential primary campaign was hosted by a slew of
wealthy donors, including attorney Steve Cozen, whose law firm specializes in
helping corporations bust up labor unions, as Breitbart News’s Matt Boyle reported.
John
Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder.
WALL
STREET, GLOBALIST, BILLIONAIRES and the OPEN BORDERS ADVOCATES FINISH OFF MIDDLE-AMERICA.
Ryan
asked how much longer will the working-class not matter “because it’s becoming
impossible for them to keep their nose above water.”
“Where’s the social compact that we used to
have between corporations and their workers?
Where’s the social contract between the
government and our workers?” asked Ryan. “I mean, it’s like the worker —
there’s always an excuse that the worker is going to get hammered, that they’re
going to lose their pensions, they’re going to lose their jobs, they’re going
to have to move. Meanwhile, corporations, in this instance, General Motors got
$157 million in tax cut just last year. I mean how much longer are we going to
do this to where the worker doesn’t matter? And I hope this is a real wake-up
call for us to say, workers, white, brown, black, gay, straight, working-class
people have got to come together because it’s becoming impossible for them to
keep their nose above water anymore.” REP. TIM RYAN
GENERAL
MOTORS DUMPS THOUSANDS OF WORKERS AND CLOSES PLANTS -
Stockholders celebrate!
"It
identifies socialism with proposals for mild social reform such as
“Medicare for all,” raised and increasingly abandoned by a section of the
Democratic Party. It cites Milton Friedman and Margaret Thatcher to
promote the virtues of “economic freedom,” i.e., the unrestrained
operation of the capitalist market, and to denounce all social reforms,
business regulations, tax increases or anything else that impinges on
the oligarchy’s self-enrichment."
“The
yearly income of a typical US household dropped by a massive 12 percent,
or $6,400, in the six years between 2007 and 2013. This is just one of the
findings of the 2013 Federal Reserve Survey of Consumer Finances released
Thursday, which documentsa sharp decline in working class living standards and
a further concentration of wealth in the hands of the rich and the
super-rich.”
"The American phenomenon of record
stock values fueling an ever greater concentration of wealth at the very
top of society, while the economy is starved of productive investment,
the social infrastructure crumbles, and working class
living standards are driven down by entrenched
unemployment, wage-cutting and government austerity policies, is part of
a broader global process."
"A
defining expression of this crisis is the dominance of financial speculation
and parasitism, to the point where a narrow international financial aristocracy
plunders society’s resources in order to further enrich itself."
Flashback–Biden Cozied Up to General Motors CEO Mary Barra: ‘GM
is Alive!’
26 Apr 2019387
4:42
Following former
President Obama’s billion-dollar American taxpayer bailout of multinational
automaker General Motors (GM), then-Vice President Joe Biden (D) cozied up to
CEO Mary Barra, who has since laid off thousands of
American workers and outsourced their jobs to Mexico and China.
Throughout
the 2012 presidential election cycle, Biden routinely claimed that “General
Motors is alive” following the Obama administration’s $11 billion taxpayer
bailout of the company in 2009.
Years
after the bailout, Biden and officials with the Obama administration not only
touted Barra’s leadership at GM but invited her to
the State of the Union Address in 2014 and took
photo-ops with the executive.
Today,
Barra is overseeing the layoff of thousands of American workers as GM shifts
and increases production in Mexico and China. Barra’s mass layoff effort is
stopping production at four of its U.S. plants,
including Detroit-Hamtramck and Warren Transmission in Michigan, Lordstown
Assembly in Ohio, and Baltimore Operations in Maryland.
While
GM was bailed out by U.S. taxpayers, the Obama-Biden scheme came with no
commitments for the corporation to stop outsourcing Americans’ jobs overseas.
In
2011, Hoover Institution at Stanford University research fellow Paul
Gregory noted that
despite the Obama-Biden bailout for GM, the company continued outsourcing
American jobs abroad. A 2011 report detailed GM had less than 75,000 jobs left
in the U.S. while employing more than 122,000 foreign workers overseas. At the
time, nearly two-thirds of GM’s workforce was located abroad.
Rather
than stopping GM’s outsourcing, the Obama-Biden scheme focused
much of their attention on subsidizing and promoting electric,
plug-in cars like the Chevy Volt. Last year, Barra announced that production
for the Volt, as well as the Chevy Cruze, would end.
General Motors CEO Mary Barra talks about the
company’s Corvette Stingray with Vice President Joe Biden during a tour of the
North American International Auto in Detroit, Thursday, Jan. 16, 2014. Biden
said the U.S. auto industry’s resurgence since the 2009 federal bailout
provides a strong basis for a Motor City recovery. (AP Photo/Carlos Osorio)
General Motors CEO Mary Barra talks with Vice
President Joe Biden during a tour of the North American International Auto in
Detroit, Thursday, Jan. 16, 2014. Biden said the U.S. auto industry’s
resurgence since the 2009 federal bailout provides a strong basis for a Motor
City recovery. (AP Photo/Carlos Osorio)
Last
month, Barra closed the Lordstown plant, a decision expected to result in the
layoff of more than
8,000 American workers in the area, and allegedly blamed the
United Auto Workers (UAW) for the plant’s closure. Closing the Lordstown plant
resulted in the immediate layoff of about 1,600 American workers and since
2017, GM has laid off about 4,500 American workers in Ohio. Another 900
American workers in supporting industries have been put of out work as well.
After
all four plant closures, GM’s Barra is expected to have laid off 14,700 of its
workers in the U.S. and Canada.
As
Breitbart News has
chronicled, American workers and UAW officials have debunked Barra’s claim
that the union is at fault for the Lordstown plant closure. Details emerged
this month revealing that the UAW accepted nearly $120 million a year in
concessions to keep the Lordstown plant open. When workers and UAW officials
heard of Barra’s announcement last year, they say they were stunned.
“We
did everything they want,” longtime GM worker Sonja Smith told Bloomberg
News. “This is their payback.”
Simultaneously,
UAW officials have voiced
support for Trump in his effort to reopen the Lordstown plant and
keep open GM’s other three plants slated for closure by Barra.
Experts
have called on Trump to implement a 25 percent auto tariff to protect
American auto worker jobs and the U.S. auto industry from Chinese domination.
Likewise, Sen. Bernie Sanders (I-VT), vying for the Democrat nomination for
president, has told Trump to immediately
ban GM from receiving federal contracts for their outsourcing,
offshoring, and mass layoff scheme.
While
GM lays off thousands of American workers this year, its production in Mexico
and China is ramping up.
Specifically, GM is looking to manufacture an electric Cadillac in
China and continue manufacturing its Envision compact vehicle
in China.
The
made-in-Mexico Chevrolet Blazer will soon arrive in
U.S. markets. Last year, GM became the largest automaker in Mexico as it has
cut jobs in America and increased production in Mexico.
Offshoring
production to Mexico has proven cheaper for GM executives because American
workers earn about $30 an hour while Mexican workers earn about $3 an hour, a
90 percent cut to wages that widens the corporation’s profit margins. Meanwhile,
Barra continues to earn a salary of about $22 million.
Biden’s
first fundraiser for his 2020 presidential primary campaign was hosted by a
slew of wealthy donors, including attorney Steve Cozen whose law firm
specializes in helping corporations bust up labor unions, as Breitbart News’
Matt Boyle reported.
John
Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder.
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