Sunday, August 2, 2020

THE TRUMP DEPRESSION - HERE'S WHAT IT LOOKS LIKE IN EUROPE



Europe Plunges Deep Into Recession as Coronavirus Weighs Down Economy

EMMANUEL DUNAND/AFP/Getty Images
EMMANUEL DUNAND/AFP/Getty Images
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Europe’s economy cracked under the pressure of lockdowns to stem the spread of the coronavirus, giving way to declines far more severe than the record-breaking contraction in the United States.
The eurozone’s gross domestic product plunged 40.3 percent on an annual basis, far exceeding the 32.9% contraction in the U.S. economy over the same period, according to data released Friday. On the quarterly basis customarily used in Europe, the economy declined 12.1 percent—which compares with the stand alone quarterly decline of 9.5 percent in the U.S.
A day earlier, German authorities said their country’s GDP fell by 10.1 percent for the quarter, which is 34.7 percent on an annual basis.
The lockdowns were more severe in France and Italy, largely because authorities were late to react to surges in coronavirus deaths, and weighed more heavily on their economies.  Italy’s GDP fell by 12.4 percent for the quarter. France’s fell by 13.8 percent.
“GDP’s negative developments in first half of 2020 is linked to the shutdown of ‘non-essential’ activities in the context of the implementation of the lockdown between mid-March and the beginning of May,” the French economics statistics agency said in a statement.
The agency also revised the first-quarter data to a 5.9-percent contraction from the 5.3 percent it had previously estimated. France’s economy has now contracted for three consecutive quarters.
Spain’s GDP contracted 18.5 percent compared with the prior quarter. Austria’s fell 10.7 percent. Belgium’s GDP sank 12.2 percent. Portugal’s economy sank 14.1 percent.
European governments typically report their economic growth as a change in GDP from the prior quarter. The United States, on the other hand, reports an annualized change from the prior quarter, which means the figure is an extrapolation of what would happen if the economy grew or contracted at the same rate for a full year. Except where noted, this article uses the European method to report GDP growth.
A third way of measuring growth or contraction is to compare the economy’s output from the same quarter one year ago. On this basis, the U.S. economy shrank 9.5 percent. Germany’s shrank 11.7 percent. France’s economy shrank 19 percent. Spain’s 22.1 percent. Belgium’s 14.5 percent. Italy’s 17.3 percent. Austria’s 13.3 percent.
The Eurozone economy overall was 15 percent smaller than a year ago.
The eurozone’s unemployment rate climbed to 7.8 percent in June from a low of 7.2 percent earlier this year, much lower than the 11.1 percent unemployment rate in the U.S. Many European workers are protected by job protection schemes run by the government, including job-furlough programs in which the government pays employers to keep workers on the books.
Most economists think that Europe’s economy has begun to recover, and may even have started pulling ahead of the U.S. in recent months thanks to new surges of the virus in the U.S. But few expect that Europe’s full-year growth rates in 2020 will exceed the U.S.’s given the severity of the European contraction.
The deep contractions across undermines the claims by Americans such as CNN anchor Chris Cuomo and many Democrat officials that the U.S. economy has suffered because of the way President Donald Trump has handled the pandemic. On Thursday, Cuomo falsely claimed Trump’s leadership had resulted in the U.S. economy shrinking more than the German economy.



Fact Check: Chris Cuomo Says U.S. GDP Shrank More Than Germany’s

Chris Cuomo during 5/30/2020 CNN coverage
Screenshot
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CNN anchor Chris Cuomo claimed on Thursday night that the U.S. economy had contracted by more than the German economy, which he blamed on President Donald Trump’s ‘mishandling’ of the pandemic.
CLAIM: “We were down almost 33%, and of course, the reason is COVID. But it’s how this president mishandled COVID. What’s the proof? Lots of countries are dealing with COVID, right? Why are we down almost a third of our GDP growth, and yet Germany was down 10%?”
VERDICT: FALSE.
The U.S. economy did not shrink by more than the German economy.
The U.S. Bureau of Economic Analysis reported Thursday that economy contracted at nearly a 33 percent annualized rate.  Germany’s government reported that its economy contracted 10.1 percent from the previous quarter.
These two figures cannot, however, be directly compared because the U.S. GDP is an annualized figure and the German figure is not annualized. The U.S. is almost alone in the world in releasing its official GDP figures on an annualized basis. So to make and apples-to-apples comparison, you have to do a bit of recalculation.
The German economy contracted on 34.7 percent when annualized—slightly more than the 32.9 percent contraction in the U.S.
If the U.S. GDP is measures in the European fashion, it contracted 9.5 percent—slightly better than Germany’s 10.1 percent.
Cuomo was eager to pin the difference in economic performance on President Trump when he thought the U.S. was lagging. Time will tell if he now credits Trump with the superior economy.
Cuomo’s claim that the U.S. economy is down by almost a third is also misleading, resembling the false claim by Brian Williams made on MSNBC the very same night.





"She added, “Every step of the way Donald Trump has put his own personal political interests ahead of the health and well-being and the economic security of Americans. That is why this tragedy has been as bad as it has been, and if anybody has any doubt about that, look at many other competent countries in the rest of the world. In Europe, in Asia and elsewhere that have handled this in such a way that their kids are going back to school, their economies are reopening, and the numbers continue to go down. That is not what’s happening here.”

Summertime Blues: U.S. Consumer Sentiment Sinks Deeper Into Coronavirus Resurgence Funk
JACKSONVILLE BEACH - JULY 04: A lifeguard watches swimmers on July 04, 2020 in Jacksonville Beach, Florida. Jacksonville Beach Mayor Charlie Latham said that Duval County beaches will remain open over the 4th of July holiday, but it will be virtually impossible for the city to enforce social distancing. (Photo …
Sam Greenwood/Getty Images
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Consumer sentiment grew dimmer in late July as coronavirus infections surged, governments reversed or delayed reopening plans, and layoffs rose.
The University of Michigan’s final July reading of its sentiment index sank to 72.5, down from the preliminary July reading of 73.2 and June’s final reading of 78.1, according to data released Friday.
Economists surveyed by Econoday had expected the final reading to hold steady with the midmonth report.
“In the last four months, the Sentiment Index has remained trendless, averaging 73.7, a decline of 25 percent from the same period in 2019,” the survey’s chief economist, Richard Curtin, said.
The survey’s current conditions component declined 82.8, down from the preliminary reading of 84.2 and June’s 87.1. The expectations component dropped to 65.9 from last month’s 72.3, matching the six-year low from May.
“While the 3rd quarter GDP is likely to improve over the record-setting 2nd quarter plunge, it is unlikely that consumers will conclude that the recession is anywhere near over,” Curtin said.
The federal government’s relief programs have “prevented more substantial declines in consumer finances, partially shielding consumers from the unprecedented surge in job losses, reduced work hours, and salary cuts,” according to Curtin.
“The lapse of the special jobless benefits will directly hurt the most vulnerable and spread even further by missed rent, mortgage, and other debt payments,” Curtin said. “Easing off the added jobless benefit will naturally result with job growth as well as provide for a delayed and gradual reduction in added benefits so that its eventual absence is much less disruptive.”



The U.S. economy suffered its worst quarter ever, the Commerce Department said Thursday. The gross domestic product — the broadest measure of economic activity — shrank 32.9% during April, May and June, as America’s businesses ground to a halt in a desperate effort to slow the spread of the coronavirus. The numbers continue to paint a grim picture as another 1.43 million people filed for unemployment last week, according to the Labor Department’s latest findings.




Walmart to Lay Off Hundreds of Corporate Workers

Walmart President and CEO, Doug McMillon, announced today that Walmart will give hiring preference to military spouses, becoming the largest U.S. company to make such a commitment. This announcement came during a Veterans Day ceremony on Monday, Nov. 12, 2018 in Bentonville, Ark. (Gareth Patterson/AP Images for Walmart)
Gareth Patterson/AP Images for Walmart

Walmart Inc. is joining the ranks of Macy’s and L Brands in eliminating hundreds of corporate jobs in order to cut costs.
Employees in the mega-retailer’s store planning, logistics, and real estate units have reportedly received pink slips, reported Bloomberg Thursday:
Some of those affected were told in person, while others learned their fate over a Zoom call, said the people, who asked not to be identified because they aren’t authorized to speak publicly. Conversations with those impacted will continue throughout the week. Those who lose their jobs will be paid until the end of January, when Walmart’s fiscal year ends and annual bonuses get doled out, according to one of the people.
John Furner, director of Walmart’s U.S. operations, told Bloomberg that more information about the company’s restructuring would be forthcoming after communications with associates are completed.
“We are continuing on our journey to create an omni-channel organization within our Walmart U.S. business and we’re making some additional changes this week,” a spokesperson said, adding that efforts will seek to boost “innovation, speed and productivity.”
While Walmart’s sales during the coronavirus pandemic have surged, it is no longer opening new stores in the United States, and has been streamlining its operations for several years. Recently, it closed down its Jet.com e-commerce unit.
According to the report, Walmart’s stock climbed 10% this year through Wednesday, ahead of the S&P 500 index. However, it fell 1% to $129.38 per share Thursday morning in New York.
Layoffs are occurring in merchandizing, transportation, human resources, and product design, Bloomberg was told.
L Brands Inc., which owns Victoria’s Secret and Bath & Body Works, also announced this week it would be laying off 850 office workers, about 15 percent of its corporate staff.
Last month, Macy’s Inc. announced the elimination of 3,900 corporate and management positions as well.











The U.S. Economy Suffers Sharpest Downturn on Record

MINNEAPOLIS, MN - JUNE 05: A worker removes cases of beer from the cooler inside Chicago Lake Liquors after it was looted during the protests and riots which followed the death of George Floyd on June 5, 2020 in Minneapolis, Minnesota. All of the merchandise left in the store will …
Photo by Stephen Maturen/Getty Images
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The U.S. economy shrank in the second quarter by the fastest rate since the government began keeping track of gross domestic product after World War II, as lockdowns aimed at curbing the coronavirus pandemic decimated economic activity and anti-police riots tore through many American cities.
Gross domestic product, or the value of all goods and services produced by the economy, contracted at a 32.9 percent seasonally adjusted annualized rate in the April through June three month period, according to the preliminary estimate from the Bureau of Economic Analysis published on Thursday. That marked the steepest drop on records stretching back to 1947 and compared with economists’ forecasts for a 35 percent decline in output.
The BEA reports the change in GDP on an annualized basis, which can exaggerate the impact of temporary and sudden shifts in the economy. Compared with both a year ago and with the first quarter of the year, GDP was down 9.5 percent.
The previous record decline on the standard, annualized basis was a 10 percent drop in the first quarter of 1958. The U.S. economy shrank at a 5 percent rate in the first three months of 2020.
Consumer spending crashed at an annualized rate of 34.6 percent in the quarter, led by a 43.5 percent annualized decline in spending on services. Consumer spending on goods fell at an annualized 11.3 percent. Private sector investment fell 49 percent, driven down by a 38.7 percent decline in residential investment, a 34.9 percent decline in commercial building investment, and a 37.7 percent decline in equipment investment.
Consumer spending on durable goods, which had been the worst hit segment of the economy in the early stages of the pandemic, declined a milder 1.1 percent.
In comparison to the year-ago period, the declines look less extreme. Consumer spending was down 10.7 percent. Spending on services dropped 14.7 percent. Spending on goods declined 1.8 percent. Private investment fell 17.9 percent.
Much of the economy was locked down during the second quarter, with only essential workers and services permitted to operate for work that could not be done from home.  Americans were under instructions to stay home or social distance when in public. State reopenings required many businesses to operate at diminished capacity, limiting the speed of any rebound.
As well, businesses in cities across the U.S. found themselves under siege as protests turned into riots and looting. Although the total number of businesses that were damaged during the Black Lives Matter riots remains uncounted, that number certainly runs into the thousands.
In a separate report also released Thursday, the Department of Labor said that 1.43 million Americans filed initial claims for unemployment benefits last week, an increase of 12,000 from the week earlier. The virus and social distancing forced millions of employers to cut payrolls, throwing tens of millions of Americans out of work, as consumers slashed spending on travel, hotels, restaurants, and many other businesses. Yet as states have reopened their economies, employers have been hiring workers back at a record pace. An additional 4.8 million workers were added to payrolls in June and the unemployment rate fell to 11.1 percent.
The U.S. Census Bureau said in its latest weekly Household Pulse Survey that 51.1 percent of households experienced a loss of employment income in the week ended July 21, up from 48.3 percent four weeks ago.
Government relief efforts, however, gave a big boost to household income in the second quarter. Despite double-digit unemployment and the crash in consumer spending, personal income increased $1.39 trillion in the second quarter. The government said the increase in personal income was more than accounted for by an increase in government benefits. After-tax personal income increased $1.53 trillion, or 42.1 percent, in the second quarter. Real disposable personal income increased 44.9 percent.
Personal spending fell by $1.57 trillion.  The contrast of rising income and falling spending drove up personal saving by $4.69 trillion in the second quarter. The personal saving rate—personal saving as a percentage of after tax personal income—was 25.7 percent in the second quarter, compared with 9.5 percent in the first quarter and 7.3 percent at the end of 2019.
Most analysts expect a sharp rebound in the current third quarter, covering the July through September period. Even still, the data is likely to show the economy contracted in 2020. So far the recovery has been less smooth than some analysts and many Trump administration officials expected. The housing sector has done well as the economy reopened but many other sectors, especially the labor market, have struggled or stalled.









Fed Sees Dim Economic Outlook as Pandemic Squeezes Economy

In this March 3, 2020 file photo, Federal Reserve Chair Jerome Powell speaks during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. Federal Reserve officials are grappling this week with the timing and scope of their next policy moves at a time when …


WASHINGTON (AP) — The Federal Reserve is expressing concern that the viral outbreak will act as a drag on the economy and hiring in coming months and that it plans to keep its benchmark short-term interest rate pegged near zero.
In a statement at the end of its policy-making meeting Wednesday, the Fed acknowledged that the economy has rebounded from the depths of March and April, when nearly all states closed down nonessential businesses. But it said the ongoing coronavirus pandemic “will weigh heavily on economic activity, employment and inflation.”
The Fed announced no new policies in its statement. The central bank said it will also continue to buy about $120 billion in Treasury and mortgage bonds each month, which are intended to inject cash into financial markets and spur borrowing and spending.
Economists say the Fed has time to consider its next policy moves because short- and long-term rates remain historically ultra-low and aren’t restraining economic growth. Home sales have picked up after falling sharply in the spring. The housing rebound has been fueled by the lowest loan rates on record, with the average 30-year mortgage dipping below 3% this month for the first time in 50 years.
With the economy struggling just to grow, small businesses across the country in serious danger and unemployment very high at 11.1%, few investors expect the Fed to hike interest rates for perhaps years to come. After its previous meeting last month, the Fed had signaled that it expected to keep its key short-term rate near zero at least through 2022.
Beginning in March, the Fed has slashed its short-term rate, bought more than $2 trillion in Treasury and mortgage bonds and unveiled nine lending programs to try to keep credit flowing smoothly.
Since the Fed’s previous meeting in June, the pandemic’s threat to the economy has appeared to worsen. The number of laid-off workers applying for unemployment aid has exceeded 1 million for 18 straight weeks. Measures of credit card spending have declined. And companies that track small-business employment say the number of people at work has leveled off, far below pre-pandemic levels, after having risen in May and June.
Most analysts say they think the Fed’s next move will be to provide more specific guidance about the conditions it would need to see before raising its benchmark short-term interest rate from zero.
Economists call such an approach “forward guidance,” and the Fed used it extensively after the 2008-2009 recession. Some Fed watchers expect no rate increase until 2024 at the earliest given the bleak outlook for the economy and expectations of continued ultra-low inflation. But by providing more certainty for investors about when a rate hike may occur, forward guidance can help keep longer-term rates lower than they might otherwise be.
The Fed will likely provide such guidance at its next meeting in September, economists say.
According to the minutes of their June meeting, “various” Fed officials felt it would “be important in the coming months … to provide greater clarity” about the future path of rates.
One potential form of forward guidance would be for the Fed to announce that it won’t raise rates until annual inflation has reached or exceeded its target of 2% for a specific period. This would be intended to allow inflation to rise above 2%, to offset inflation that has fallen below that target nearly continuously since 2012. (Inflation is now running at just 0.5%, according to the Fed’s preferred gauge.)
In recent speeches and appearances, Fed policymakers have sounded largely pessimistic about the economy. Several, including Powell, warned in late May, as many states began allowing more businesses to reopen, that a resurgent virus could imperil any recovery.
Congress is in the early stages of negotiating an economic relief package that might extend several key support programs, such as an expiring unemployment benefit that is now paying out $600 a week. That benefit will likely be reduced in any final legislation.
For now, the two parties are far apart, and the federal jobless benefit will likely lapse for about 30 million people who have been unemployed for several weeks. That would likely slow consumer spending and weaken the economy.






Susan Rice: 150,000 Dead Americans Is on Trump’s ‘Gross Mishandling of This Pandemic’

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Wednesday on ABC’s “The View,” former Obama administration National Security Advisor Susan Rice said President Donald Trump was to blame for all the Americas who lost their lives in the coronavirus pandemic.
Rice said, “Anybody who knew anything about national security, global health, understood that a pandemic was inevitable. I write about it in my book that we were just talking about briefly at the outset. We prepared the incoming administration with a pandemic for dummies playbook. So the fault here, the tragic loss of 150,000 Americans and counting is on Donald Trump and his gross mishandling of this pandemic. He said it would go away. He likened it to the flu. He said, you know, that it would be fine to reopen our states prematurely. He’s encouraged kids to go back to school in communities where the virus is raging.”
She added, “Every step of the way Donald Trump has put his own personal political interests ahead of the health and well-being and the economic security of Americans. That is why this tragedy has been as bad as it has been, and if anybody has any doubt about that, look at many other competent countries in the rest of the world. In Europe, in Asia and elsewhere that have handled this in such a way that their kids are going back to school, their economies are reopening, and the numbers continue to go down. That is not what’s happening here.”
Follow Pam Key on Twitter @pamkeyNEN


SENS. DIANNE FEINSTEIN, KAMALA HARRIS, AND NANCY PELOSI ENDORSE GAVIN NEWSOM TAX RATE HIKE TO COVER THE LA RAZA MEXICAN WELFARE STATE IN CALIFORNIA

ON THE STATE LEVEL ALONE, CA HANDS ILLEGALS $35 BILLION YEARLY. NOW ADD ALL THE COUNTY COSTS STARTING WITH LOS ANGELES COUNTY AT ONE BILLION PER YEARS FOR LA RAZA'S ANCHOR BABIES.

As Breitbart News has reported, U.S. households headed by foreign-born residents use nearly twice the welfare of households headed by native-born Americans.


Every year the U.S. admits more than 1.5 million foreign nationals, with the vast majority deriving from chain migration. In 2017, the foreign-born population reached a record high of 44.5 million. By 2023, the Center for Immigration Studies estimates that the legal and illegal immigrant population of the U.S. will make up nearly 15 percent of the entire U.S. population.



California Democrats Propose Raising Top State Tax Rate to 16.8%

U.S. currency
Flickr
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California Democrats are planning to raise the state’s highest-in-the-nation tax rates even higher this month, hiking the top rate in the state to 16.8%.
The San Francisco Chronicle reported Friday:
A bill introduced in the Legislature this week would raise California’s top personal income tax rate — already the highest in the nation at 13.3% — to 16.8%, retroactively to Jan. 1.
To take effect this year, the bill would need to be approved by two-thirds of the Legislature before they adjourn Aug. 31. The Senate Governance and Finance committee will hear testimony on the bill Monday morning, but won’t vote on it. It would need additional action to move forward.
AB1253 would add a surcharge of 1% to incomes (joint or single) between roughly $1 million and $2 million, 3% on income between $2 million and $5 million, and 3.5% on income greater than $5 million, bringing the top rate to 16.8%. (The tax would actually take effect at somewhat higher incomes because of inflation adjustments.)
The funds to be raised would not be earmarked for any specific purpose, but sponsor State Sen. David Chiu (D-San Francisco) said that the money could be used for “affordable housing, the homeless, child care and education,” the Chronicle reported.
The state raised taxes on the wealthy to 13.3% in Proposition 30, which was sold by then-Gov. Jerry Brown to voters as being “temporary,” and necessary for education funding. Democrats extended those “temporary” taxes to 2030 with a ballot referendum, Proposition 55.
The effects of the income tax hike were missed. Some high-income earners left the state, though not as many as critics predicted. Businesses continued to leave the state, but that was also the result of other factors, particularly the state’s regulatory environment.
Democrats also raised gas taxes in 2017, defeating an effort to overturn the tax increase with Proposition 6 in 2018, which state Attorney General Xavier Becerra slapped with a deceptive ballot description that helped ensure the gas tax remained.
Joel B. Pollak is Senior Editor-at-Large at Breitbart News and the host of Breitbart News Sunday on Sirius XM Patriot on Sunday evenings from 7 p.m. to 10 p.m. ET (4 p.m. to 7 p.m. PT). His new book, RED NOVEMBER, tells the story of the 2020 Democratic presidential primary from a conservative perspective. He is a winner of the 2018 Robert Novak Journalism Alumni Fellowship. Follow him on Twitter at @joelpollak.



California Illegal Alien Giveaway Helpline Gets 1.1 M Calls in 1 Day

May 20, 2020 
Daniel Greenfield
A little reminder of how bad California's illegal alien problem is.
Last month, California made headlines when it announced a first-in-the-nation plan to create a $125m coronavirus relief fund for undocumented workers. But its rollout got off to a chaotic start this week, with thousands of calls flooding phone lines, creating huge delays, and so many visitors to the official website that it crashed for hours.
Nonprofits across the state selected to distribute the money reported huge demand as people rushed to secure a spot for the first-come, first-served program.
The Coalition for Humane Immigrant Rights of Los Angeles, or Chirla, one of 12 nonprofits tapped by the state to distribute the funds, received more than 1.1m phone calls on day one of the program – 630,000 calls just within the first 90 minutes of opening the hotline.
Just 1 of the 12 activist groups claims to have gotten 1,137,000 phone calls. That's a whole lot.
BLOG: EVEN THE M.E.Ch.A. FASCIST MEX ATTORNEY GENERAL XAVIER BECERRA CLAIMS THERE ARE 11 MILLION ILLEGALS IN MEXIFORNIA. MOST ESTIMATES PUT THE NUMBER AT DOUBLE THAT!
The Pew estimate was that there were over 2 million illegal aliens in California. We can safely say that number is nonsense.
In NYC, over a million IDNYC cards were handed out. Over 1 million illegal aliens received licenses in California.
How many actual illegal aliens are there? What's the actual population of California? How much of California's outsized political influence is the result of fake districts, a situation that will continue due to Justice Robert's to protect census fakery?

Newsom holds cops and firefighters hostage to get federal cash to hand out to illegals



California Governor, Gavin Newsom, continues to prove he is an evil tyrant willing to use any and all measures to achieve his goals.
Most recently, despite a $54+ billion budget deficit, he decided to hand out stimulus relief money to illegal invaders. As soon as word got out about this giveaway for those whose first act on American soil was to break the law, phone lines were overloaded and ultimately crashed as illegals called to find out how they could get their money.
No matter that he’s throwing $500 chunks of money at every illegal invader in his sanctuary state, Newsom is demanding a federal bailout claiming the feds have a “social responsibility” and a “moral and ethical obligation.”
And if the federal government doesn’t step up and pay, police and firefighters will be the first to go because, apparently, in Newsom’s world that’s logical and is just how it goes.
Huh?
Why are first responders first up on the chopping block?
Of course, it makes no sense unless you want to use the most critical people and services as hostages. And that’s exactly what Newsom is doing.
All the while, he’s setting the table to frame the GOP as heartless. No sooner had he made his lofty claims about “moral responsibility,” he pre-emptively accused the GOP of depriving first responders of jobs if the federal government doesn’t pay. The Patriot Daily reports:
"…The next time they want to salute and celebrate our heroes, our first responders, our police officers and firefighters, consider the fact that they are the first ones that will be laid off by cities and counties…”
Newsom’s budget has other provisions for trying to close the budget gap, but eliminating first responder jobs is sick threat he will keep front and center as it affords him the most leverage to try to get what he wants.
The GOP had better hold firm. Blue state bailouts will open yet another door to stimulus dollars the rack up trillions in debt while allowing blue states off the hook for financial mismanagement and egregious public policies.
And, as a general rule of thumb, I believe the United States does not pay ransom money for hostages. Let’s not start now.
Image credit: vectorisation


Tom Cotton: Defund States Giving Coronavirus Relief to Illegal Aliens

Mark Wilson/Getty Images
19 May 2020164
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Sen. Tom Cotton (R-AR) has introduced legislation that will defund states and localities providing American taxpayer-funded coronavirus relief money to illegal aliens.
Cotton’s legislation, titled the No Bailouts for Illegal Aliens Act, would prohibit sending additional federal funds to states and localities that issue stimulus checks to illegal aliens.
Cotton said in a statement:
Congress passed the CARES Act to help workers impacted by the China virus pandemic, not to give a handout to those who broke our immigration laws. The federal government shouldn’t be subsidizing states’ efforts to send cash to illegal aliens.
Cotton said the legislation would not affect any Paycheck Protection Program (PPP) loans provided to companies and nonprofits, nor would it impact unemployment provisions or stimulus checks given to American citizens.
This week, thousands of illegal aliens inundated phone lines in California to secure $500 to $1,000 state stimulus checks.
House Speaker Nancy Pelosi’s (D-CA) coronavirus relief package — passed by House Democrats — offers a bailout to businesses hiring illegal aliens over the more than 36 million jobless Americans. Pelosi’s plan bans federal officials from prosecuting businesses that knowingly hire illegal aliens.
John Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder.


Pelosi is a ghastly creature. She and her ilk – Feinstein, 

Boxer, Jerry Brown, Gavin Newsom – have effectively 

destroyed California and they did it on purpose. They strive 

to import as many illegal migrants as possible; they've 

created and fostered the homelessness and let it fester. 

California is now a socialist disaster and the further 

destruction of the economy is just what they've 

wanted.  PATRICIA McCARTHY


He added, “Illegal immigration, in particular, drives down wages and inhibits job opportunities for legal residents, while bringing more low-skilled, low-wage workers to these states. In turn, this increases costs to state and local governments, and discourages investment by businesses seeking a skilled labor force and lower overhead.”
                                                                PAUL BEDARD

"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. They have nothing but contempt for us who must endure the consequences of our communities being intruded upon by gangs, 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


San Francisco is a disaster about which Nancy Pelosi she cares nothing.  It is a city ravaged by drug abuse, homelessness, rampant crime and all the other scourges of leftism.  She lives extravagantly in her gated mansion.  She lives a life of wealth and privilege in city suffering a civilizational collapse created and orchestrated by 
her own party.  She revels in it.  She has become a near-billionairess by way of politics of the most corrupt variety.  She is indeed a cancer on the body politic. PATRICIA McCARTHY

"When we hear stories about the homelessness in California and elsewhere, why don't we hear how illegal aliens contribute to the problem?  They take jobs and affordable housing, yet instead of discouraging illegal aliens from breaking the law, politicians encourage them to come by lavishing free stuff on them with confiscated dollars from this and future generations."  JACK HELLNER


If, for the sake of argument, 25 million illegal aliens were given lawful status- and that number could be much, much larger, we could wind up with more than 75 million minor children being brought legally to the United States by this ill-conceived program, along with their other parent.

Homeless rates soar as the cost of housing increases as more foreigners come to the United States and seek housing.  The increased demand for apartments drives up the price of housing even as jobs are lost and wages fail to keep up with increased costs of housing.


For Dems to Succeed, Americans Must Fail
Inside the Left's morbid agenda to destroy America's middle class.
May 19, 2020 
Michael Cutler
Many claim that the Democrats want open borders to import millions of new voters who will likely vote for Democrats.
Undeniably this is an accurate statement but only partially addresses the strategy behind the Democrats’ push for open borders and an end to immigration law enforcement as optimized by the creation of “Sanctuary Cities” and Sanctuary States and immigration mayhem that ensues.
Today’s Democrats bear no resemblance to the Democrats of the past.  Today’s Radical Democrats are hell-bent on seizing permanent political power at the expense of America and Americans.
Traditional Democrats supported American workers and addressed their concerns while Republicans backed up business owners’ goals of fewer regulations and greater profits.  This balance made sense and helped Americans and America to prosper.
My dad used to say that the easiest way to turn capitalists into communists is to take away their money.  Flooding America with millions of Third World workers who bring Third World expectations of Third World wages and working conditions results in the loss of jobs by millions of American and lawful immigrant workers and the suppression of wages for all workers.
Homeless rates soar as the cost of housing increases as more foreigners come to the United States and seek housing.  The increased demand for apartments drives up the price of housing even as jobs are lost and wages fail to keep up with increased costs of housing.
As more Americans lose their jobs and the ability to support themselves and their families- even if they don’t lose their jobs, they will be drawn to the Democratic Party candidates who offer to provide Americans and aliens alike with economic assistance that they desperately need to survive.
Consider the May 12, 2020 news report published by PJ Media, Democrats' $3 Trillion Bill Would Include a Massive Gift...to Communist China.
There are many elements of the proposed emergency funding bill concocted by Nancy “Let them eat ice cream” Pelosi and her fellow travelers of the Radical Democratic Party that have absolutely nothing to do with assisting struggling Americans and small businesses that were ordered shuttered because of the Coronavirus Pandemic that has sickened millions and has killed an estimated 80,000 Americans, thus far.  One of the most egregious components of this bill has been ignored by the media that is addressed by PJ Media.
Here is the relevant excerpt:
They’ve also prioritized China’s economy in this one. The bill includes a provision that waives Chapter 83 of title 41, United States Code. What’s that?
Chapter 83 of title 41, United States Code, shall not apply with respect to purchases made in response to the emergency declared by the President on March 13, 2020, under section 501 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5191) and under any subsequent major disaster declaration under section 401 of such Act that supersedes such emergency declaration.
Chapter 83 of Title 41, United States Code is none other than the Buy American Act. That 1933 law prioritizes American manufacturers over others when the government makes purchases. The Trump administration strengthened the Buy American act last year. The Democrats’ bill would waive it permanently, allowing the government to purchase more goods from overseas, unrestricted.
Consider that the afore-noted Buy American Act was enacted by a traditional Democrat, President FDR who acted to protect American jobs and manufacturing the year after the Stock Market cratered on July 8, 1932 and stocks hit their lowest point.  Roosevelt also ramped up immigration law enforcement to protect jobs for American workers.
The Buy American Act requires that the federal government must prioritize the purchase of supplies from American companies when such made in America supplies are available.
This is commonsense and helps America and Americans.
Yet during the current crisis the Democrats want to eliminate this requirement that protects American jobs that has been on the books for nearly 90 years.  They are exploiting the pandemic crisis as a means for pressuring the Republicans and the President into ending this important long-standing law.
I doubt that any so-called journalists will even report on this major betrayal, let alone ask Pelosi or any other Democrat about why they included this provision in their proposed legislation.
It is clear that they seek to destroy more jobs Americans desperately need, especially in this post coronavirus era where tens of millions of Americans fear that they will have lost their jobs permanently when the U.S. economy slowly reopens.
Their proposed legislation would also provide amnesty to illegal aliens declaring aliens working illegally in the United States as “Essential Workers” even as many Americans have been kept from working because purportedly their jobs are un-essential! 
If the Democrats were truly concerned about the plight of American and lawful immigrant workers and their struggling families, they should favor immigration law enforcement and suggest that for the meanwhile Americans should be able to take “essential jobs” to help them get through this unparalleled crisis.
Remember the Democrats’ mantra, “Never let a crisis go to waste.”
This crisis has emboldened Radical Democrat’s to push an agenda that destroys the American middle class to propel more Americans into homelessness and dependency on the Democrats.
Indeed, the Democrats continue to push for passage of “Comprehensive Immigration Reform” a legislative disaster I have come to refer to as the Overwhelm America Act
On Sunday May 17, 2020 New York’s Mayor Bill de Blasio was interviewed on Fox News by Maria Bartiromo.  Fox posted the video under the title, Mayor de Blasio: New York City will likely see more revenue losses without a stimulus.
During the interview de Blasio referred to the supposed “12 million undocumented folks” to describe the population of illegal aliens which has been estimated to be nearly double that number.  That number, however, is only the tip of the proverbial iceberg.
If legalized, everyone of those millions of illegal aliens would have the absolute and immediate right to bring in each and everyone of their minor children and their spouses as lawful immigrants.  Third World countries have many, many children.
It is not uncommon for such families to have more than six children each.  Additionally aliens could claim to have fathered children with women who are not their spouses.  It is entirely possible that each legalized alien could, on average, petition for more than three children each, considering that some aliens might not have minor children, don’t want them here or already brought them to the United States.
If, for the sake of argument, 25 million illegal aliens were given lawful status- and that number could be much, much larger, we could wind up with more than 75 million minor children being brought legally to the United States by this ill-conceived program, along with their other parent.
In other words, Comprehensive Immigration Reform could enable more than 100 million new immigrants to legally come to the United States, literally overnight!
Imagine the impact that tens of millions of children this would have on our schools, hospitals, mass transit, the power grid and other elements of critical infrastructure.  The cost of housing would climb still higher leading to more poverty, more homelessness and more crime.
When those tens of millions of immigrant children become adults they will flood the over-flowing labor pool.
Finally, if our political leaders would be sufficiently corrupt and stupid to provide an unknown number of illegal aliens with lawful status, there would be no way to interview these millions of illegal aliens who either entered the United States without inspection and/or violated multiple immigration laws after entering the United States.  There would be no way to conduct field investigations to verify the claims made in their application and to identify fraud.
Immigration fraud was identified by the 9/11 Commission, to which I provided testimony, as the key method of entry and embedding for terrorists.
This is why I have also come to refer to Comprehensive Immigration Reform by another name, the “Terrorist Assistance and Facilitation Act” as I noted in an Op-Ed I wrote for the Washington Times Immigration bill a 'No Go' and that was quoted by then-Senator Jeff Sessions when he persuaded members of the U.S. Senate to vote down that terrible bill in 2007. 
I also used that descriptive title in my responses to written questions from Senator Chuck Grassley when I testified before the Senate Judiciary Committee Hearing on March 20 2013 on the topic Building An Immigration System Worthy Of American Values.
Decent Americans are horrified by the growing number of homeless Americans.  The immoral Radical Democrats, however, are encouraged that their strategy to force Americans to trade their freedoms for food, shelter and other necessities is working.
For Radical Democrats, winning isn’t everything- it is the only thing!


A DACA amnesty would put more citizen children of illegal aliens — known as “anchor babies” — on federal welfare, as Breitbart News reported, while American taxpayers would be left potentially with a $26 billion bill.

Additionally, about one-in-five DACA illegal aliens, after an amnesty, would end up on food stamps, while at least one-in-seven would go on Medicaid. JOHN BINDER

THE NEW PRIVILEGED CLASS: Illegals!

This is why you work From Jan - May paying taxes to the government ....with the rest of the calendar year is money for you and your family.

Take, for example, an illegal alien with a wife and five children. He takes a job for $5.00 or 6.00/hour. At that wage, with six dependents, he pays no income tax, yet at the end of the year, if he files an Income Tax Return, with his fake Social Security number, he gets an "earned income credit" of up to $3,200..... free.

He qualifies for Section 8 housing and subsidized rent.

He qualifies for food stamps.

He qualifies for free (no deductible, no co-pay) health care.

His children get free breakfasts and lunches at school.

He requires bilingual teachers and books.

He qualifies for relief from high energy bills.

If they are or become, aged, blind or disabled, they qualify for SSI.

Once qualified for SSI they can qualify for Medicare. All of this is at (our) taxpayer's expense.

He doesn't worry about car insurance, life insurance, or homeowners insurance.

Taxpayers provide Spanish language signs, bulletins and printed material.

He and his family receive the equivalent of $20.00 to $30.00/hour in benefits.

Working Americans are lucky to have $5.00 or $6.00/hour left after Paying their bills and his.

The American taxpayers also pay for increased crime, graffiti and trash clean-up.



Cheap labor? YEAH RIGHT! Wake up people! 

JOE LEGAL v LA RAZA JOSE ILLEGAL
Here’s how it breaks down; will make you want to be an illegal!
THE TAX-FREE MEXICAN UNDERGROUND ECONOMY IN LOS ANGELES COUNTY IS ESTIMATED TO BE IN EXCESS OF $2 BILLION YEARLY!
Staggering expensive "cheap" Mexican labor did not build this once great nation! Look what it has done to Mexico. It's all about keeping wages depressed and passing along the true cost of the invasion, their welfare, and crime tidal wave costs to the backs of the American people!

AMERICA: YOU’RE BETTER OFF BEING AN ILLEGAL!!!

This annual income for an impoverished American family is $10,000 less than the more than $34,500 in federal funds which are spent on each unaccompanied minor border crosser.
study by Tom Wong of the University of California at San Diego discovered that more than 25 percent of DACA-enrolled illegal aliens in the program have anchor babies. That totals about 200,000 anchor babies who are the children of DACA-enrolled illegal aliens. This does not include the anchor babies of DACA-qualified illegal aliens. JOHN BINDER

“The Democrats had abandoned their working-class base to chase what they pretended was a racial group when what they were actually chasing was the momentum of unlimited migration”.  DANIEL GREENFIELD / FRONT PAGE MAGAZINE 

 

As Breitbart News has reported, U.S. households headed by foreign-born residents use nearly twice the welfare of households headed by native-born Americans.

Simultaneously, illegal immigration next year is on track to soar to the highest level in a decade, with a potential 600,000 border crossers expected.

“More than 750 million people want to migrate to another country permanently, according to Gallup research published Monday, as 150 world leaders sign up to the controversial UN global compact which critics say makes migration a human right.”  VIRGINIA HALE

For example, a DACA amnesty would cost American taxpayers about $26 billion, more than the border wall, and that does not include the money taxpayers would have to fork up to subsidize the legal immigrant relatives of DACA illegal aliens. 

Exclusive–Steve Camarota: Every Illegal Alien Costs Americans $70K Over Their Lifetime



JOHN BINDER
 Every illegal alien, over the course of their lifetime, costs American taxpayers about $70,000, Center for Immigration Studies Director of Research Steve Camarota says.
During an interview with SiriusXM Patriot’s Breitbart News Daily, Camarota said his research has revealed the enormous financial burden that illegal immigration has on America’s working and middle class taxpayers in terms of public services, depressed wages, and welfare.
“In a person’s lifetime, I’ve estimated that an illegal border crosser might cost taxpayers … maybe over $70,000 a year as a net cost,” Camarota said. “And that excludes the cost of their U.S.-born children, which gets pretty big when you add that in.”
LISTEN: 
“Once [an illegal alien] has a child, they can receive cash welfare on behalf of their U.S.-born children,” Camarota explained. “Once they have a child, they can live in public housing. Once they have a child, they can receive food stamps on behalf of that child. That’s how that works.”
Camarota said the education levels of illegal aliens, border crossers, and legal immigrants are largely to blame for the high level of welfare usage by the f0reign-born population in the U.S., noting that new arrivals tend to compete for jobs against America’s poor and working class communities.
In past waves of mass immigration, Camarota said, the U.S. did not have an expansive welfare system. Today’s ever-growing welfare system, coupled with mass illegal and legal immigration levels, is “extremely problematic,” according to Camarota, for American taxpayers.
The RAISE Act — reintroduced in the Senate by Senators Tom Cotton (R-AR), David Perdue (R-GA), and Josh Hawley (R-MO) — would cut legal immigration levels in half and convert the immigration system to favor well-educated foreign nationals, thus relieving American workers and taxpayers of the nearly five-decade-long wave of booming immigration. Currently, mass legal immigration redistributes the wealth of working and middle class Americans to the country’s top earners.
“Virtually none of that existed in 1900 during the last great wave of immigration, when we also took in a number of poor people. We didn’t have a well-developed welfare state,” Camarota continued:
We’re not going to stop [the welfare state] tomorrow. So in that context, bringing in less educated people who are poor is extremely problematic for public coffers, for taxpayers in a way that it wasn’t in 1900 because the roads weren’t even paved between the cities in 1900. It’s just a totally different world. And that’s the point of the RAISE Act is to sort of bring in line immigration policy with the reality say of a large government … and a welfare state. [Emphasis added]
The immigrants are not all coming to get welfare and they don’t immediately sign up, but over time, an enormous fraction sign their children up. It’s likely the case that of the U.S.-born children of illegal immigrants, more than half are signed up for Medicaid — which is our most expensive program. [Emphasis added]
As Breitbart News has reported, U.S. households headed by foreign-born residents use nearly twice the welfare of households headed by native-born Americans.

Every year the U.S. admits more than 1.5 million foreign nationals, with the vast majority deriving from chain migration. In 2017, the foreign-born population reached a record high of 44.5 million. By 2023, the Center for Immigration Studies estimates that the legal and illegal immigrant population of the U.S. will make up nearly 15 percent of the entire U.S. population.
Breitbart News Daily airs on SiriusXM Patriot 125 weekdays from 6:00 a.m. to 9:00 a.m. Eastern.
John Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder