“By the time of Bill Clinton’s election in 1992, the Democratic Party had completely repudiated its association with the reforms of the New Deal and Great Society periods. Clinton gutted welfare programs to provide an ample supply of cheap labor for the rich (WHICH NOW MEANS OPEN BORDERS AND NO E-VERIFY!), including a growing layer of black capitalists, and passed the 1994 Federal Crime Bill, with its notorious “three strikes” provision that has helped create the largest prison population in the world.”
OBAMA’S
CRONY CAPITALISM – A NATION RULED BY CRIMINAL WALL STREET BANKSTERS AND OBAMA
DONORS
GET THIS BOOK
Culture of
Corruption: Obama and His Team of Tax Cheats, Crooks, and Cronies
by Michelle Malkin
In her shocking new
book, Malkin digs deep into the records of President Obama's staff,
revealing corrupt dealings, questionable pasts, and abuses of power throughout
his administration.
OBAMANOMICS:
The report observes that while the wealth of the world’s 80
richest people doubled between 2009 and 2014, the wealth of the poorest half of
the world’s population (3.5 billion people) was lower in 2014 than it was in
2009.
In 2010, it took 388 billionaires to match the wealth of the
bottom half of the earth’s population; by 2013, the figure had fallen to just
92 billionaires. It fell to 80 in 2014.
THE OBAMA ASSAULT ON THE AMERICAN MIDDLE-CLASS
“The goal of the Obama administration, working with the
Republicans and local governments, is to roll back the living conditions of the
vast majority of the population to levels not seen since the 19th century,
prior to the advent of the eight-hour day, child labor laws, comprehensive
public education, pensions, health benefits, workplace health and safety
regulations, etc.”
“In response to the ruthless assault of the financial oligarchy,
spearheaded by Obama, the working class must advance, no less ruthlessly, its
own policy.”
Why the rich favor the Democrats
There's little doubt that
today's Democrat Party is the party of the rich. Actually, that's an
understatement. Far more than billionaires are involved. A better
expression of reality would be to say a fundamental core of Democrat coalition
is the managerial class, also known as the elite. These are the
people who run the media, Hollywood and the entertainment industry, the big
corporations, the universities and schools, the investment banks, and Wall
Street. They populate the upper levels of government
bureaucracies. These are the East and West Coasters.
The alliance of the
affluent with the Democrat Party can be seen in the widely disproportionate
share of hefty political donations from the well-to-do going to Democrats and a
bevy of left-wing causes. It's also why forty-one out of the fifty
wealthiest congressional districts are represented by Democrats.
BLOG: DEMS LOVE SOCIALISM
FOR ILLEGALS TO KEEP THEM COMING AND BREEDING ANCHOR BABIES FOR WELFARE AND
SOCIALISM FOR BANKS. TRILLIONS OF DOLLARS OF IT!
Bernie Sanders is
an exception. But he's an anomaly viewed as dangerous to the party,
which is why he's being crushed by the Democrat establishment.
Why do the wealthy align
with the Democrats? The answer may seem counter-intuitive, but it is
really quite simple. It's surely not ideals or high-minded
principles. Nor is it ignorance. Rather, it boils down to
raw self-interest.
In his book, The
Age of Entitlement: America Since the Sixties, Christopher Caldwell
notes that rich Americans think themselves to be as vulnerable as
blacks. They are a relatively small minority of the
population. They fear being resented for their wealth and power and
of having much of that taken from them. Accordingly, the wealthy seek
to protect what is theirs by preventing strong majorities from forming by using
the divide and conquer principle.
As R.R. Reno writes when
reviewing Caldwell's book: "Therefore, the richest and most
powerful people in America have strong incentives
to support an anti-majoritarian political system." He goes
on: "Wealthy individuals shovel donations into elite institutions that
incubate identity politics, which further fragments the nation and prevents the
formation of majorities."
Some of the rotten
fruit of the wealthy taking this approach include multiculturalism,
massive immigration of diverse people, resistance to encouraging
assimilation, racial strife, trying to turn white males into pariahs,
and the promotion of gender confusion. Through it all, society
is bombarded with the Orwellian mantra that "diversity is
strength," as if repeating it often enough can make it so. It
is also why patriotism and a common American culture are so disparaged
today. Those from the upper strata of society project the idea that
if you're a flag-waving American, you must be some kind of retrograde
mouth-breathing yokel.
The wealthy as a groups
are content to dissolve the glue that holds the U.S. together. And
it is all done to enhance and preserve their power, wealth, and
influence. This is why they so hate Donald
Trump. He strives to unite people and the country, although
you'd never know that that is what the president is doing if you
live in the media bubble. Trump's MAGA agenda is
an anathema to the managerial class.
To quote Reno one final
time:
The next decade will not
be easy. But it will not be about what preoccupied us in the
sixties, and which Caldwell describes so well. Rather than the
perils of discrimination we are increasingly concerned with the problem of
disintegration — or in Charles Murray's terms, the problem of "coming
apart."
Trump and the GOP he is
molding are the vehicles to restore and strengthen national
solidarity. Trump said at
the Daytona 500, "No matter who wins, what matters most is God, family,
and country." That is not the Democrat
agenda. As seen in Democrat politicians, their policies, and the
behavior of their major contributors, the aim is to further weaken the social
and national bonds in America. There is a lot at stake
here. If solidarity wins, the Republic can survive
and prosper. If the Democrats and their wealthy cohorts do,
then the middle class withers, the Republic dies, and the rich and their
managerial class get to rule the roost. That is what it comes down
to.
OBAMANOMICS: IS IT WORKING???
Millionaires
projected to own 46 percent of global private wealth by 2019
By
Gabriel Black
18 June 2015
Households with more than a million (US) dollars
in private wealth are projected to own 46 percent of global private wealth in
2019 according to a new report by the Boston Consulting Group (BCG).
This large percentage, however, only
includes cash, savings, money market funds and listed securities held through
managed investments—collectively known as “private wealth.” It leaves out
businesses, residences and luxury goods, which comprise a substantial portion
of the rich’s net worth.
At the end of 2014, millionaire households
owned about 41 percent of global private wealth, according to BCG. This means
that collectively these 17 million households owned roughly $67.24 trillion in
liquid assets, or about $4 million per household.
In total, the world added $17.5 trillion
of new private wealth between 2013 and 2014. The report notes that nearly three
quarters of all these gains came from previously existing wealth. In other
words, the vast majority of money gained has been due to pre-existing assets
increasing in value—not the creation of new material things.
This trend is the result of the massive
infusions of cheap credit into the financial markets by central banks. The
policy of “quantitative easing” has led to a dramatic expansion of the stock
market even while global economic growth has slumped.
While the wealth of the rich is growing at
a breakneck pace, there is a stratification of growth within the super wealthy,
skewed towards the very top.
In 2014, those with over $100 million in
private wealth saw their wealth increase 11 percent in one year alone.
Collectively, these households owned $10 trillion in 2014, 6 percent of the
world’s private wealth. According to the report, “This top segment is expected
to be the fastest growing, in both the number of households and total wealth.”
They are expected to see 12 percent compound growth on their wealth in the next
five years.
Those families with wealth between $20 and
$100 million also rose substantially in 2014—seeing a 34 percent increase in
their wealth in twelve short months. They now own $9 trillion. In five years
they will surpass $14 trillion according to the report.
Coming in last in the “high net worth”
population are those with between $1 million and $20 million in private wealth.
These households are expected to see their wealth grow by 7.2 percent each
year, going from $49 trillion to $70.1 trillion dollars, several percentage
points below the highest bracket’s 12 percent growth rate.
The gains in private wealth of the
ultra-rich stand in sharp contrast to the experience of billions of people
around the globe. While wealth accumulation has sharply sped up for the
ultra-wealthy, the vast majority of people have not even begun to recover from
the past recession.
An Oxfam report from January, for example, shows that the bottom 99 percent
of the world’s population went from having about 56 percent of the world’s
wealth in 2010 to having 52 percent of it in 2014. Meanwhile the top 1 percent
saw its wealth rise from 44 to 48 percent of the world’s wealth.
In 2014 the Russell Sage Foundation found
that between 2003 and 2013, the median household net worth of those in the
United States fell from $87,992 to $56,335—a drop of 36 percent. While the rich
also saw their wealth drop during the recession, they are more than making that
money back. Between 2009 and 2012, 95 percent of all the income gains in the US
went to the top 1 percent. This is the most distorted post-recession income
gain on record.
As the Organization for Economic
Co-operation and Development (OECD) has noted, in the United States “between
2007 and 2013, net wealth fell on average 2.3 percent, but it fell ten-times
more (26 percent) for those at the bottom 20 percent of the distribution.” The
2015 report concludes that “low-income households have not benefited at all
from income growth.”
Another report by Knight Frank,
looks at those with wealth exceeding $30 million. The report notes that in 2014
these 172,850 ultra-high-net-worth individuals increased their collective
wealth by $700 billion. Their total wealth now rests at $20.8 trillion.
The report also draws attention to the
disconnection between the rich and the actual economy. It states that the
growth of this ultra-wealthy population “came despite weaker-than-anticipated
global economic growth. During 2014 the IMF was forced to downgrade its
forecast increase for world output from 3.7 percent to 3.3 percent.”
THE CRONY CLASS:
OBAMACLINTONOMICS
was created by
BILLARY CLINTON!
BILLARY CLINTON!
Income inequality grows
FOUR TIMES FASTER under Obama than Bush.
“By the
time of Bill Clinton’s election in 1992, the
Democratic Party had completely
repudiated its
association with the reforms of the New Deal and
Great Society
periods. Clinton gutted welfare
programs to provide an ample supply of cheap
labor for the rich (WHICH NOW MEANS OPEN
BORDERS AND NO E-VERIFY!), including a
growing layer of black capitalists, and passed the
1994 Federal Crime Bill,
with its notorious “three
strikes” provision that has helped create the largest
prison population in the world.”
“Calling income and wealth inequality the "great
moral issue of our time," Sanders laid out a sweeping, almost unimaginably
expensive program to transfer wealth from the richest Americans to the poor and
middle class. A $1 trillion public works program to create "13 million
good-paying jobs." A $15-an-hour federal minimum wage. "Pay
equity" for women. Paid sick leave and vacation for everyone. Higher taxes
on the wealthy. Free tuition at all public colleges and universities. A
Medicare-for-all single-payer health care system. Expanded Social Security
benefits. Universal pre-K.” WASHINGTON EXAMINER
OBAMA’S WALL STREET and the
LOOTING of AMERICA – SECOND TERM
The
corporate cash hoard has likewise reached a new record, hitting an estimated
$1.79 trillion in the fourth quarter of last year, up from $1.77 trillion in
the previous quarter. Instead of investing the money, however, companies are
using it to buy back their own stock and pay out record dividends.
Megan McArdle Discusses How
America's Elites Are Rigging the Rules - Newsweek/The Daily Beast special
correspondent Megan McArdle joins Scott Rasmussen for a discussion on America's
new Mandarin class.
POLL: MOST INCOMPETENT AND
DISHONEST PRESIDENT SINCE…. Well, isn’t Obama merely Bush’s THIRD and FOURTH
TERMS??
OBAMA’S CRONY CAPITALISM
A NATION RULED BY CRIMINAL WALL STREET
BANKSTERS AND OBAMA DONORS
PATRICK BUCHANAN
After Obama has completely destroyed
the American economy, handed millions of jobs to illegals and billions of
dollars in welfare to illegals…. BUT WHAT COMES NEXT?
OBAMANOMICS: IS IT WORKING???
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