'CREDIT CARD' JOE BIDEN'S SOCIALISM FOR WALL STREET - Biden’s Boondoggle: GM Ohio Plant to Enjoy $1B Annually in Subsidies While Workers’ Wages Cut in Half

 

Poll: Biden’s Approval Rating Stuck on 40%, Close to Lowest Level of Presidency

(AP Photo/Susan Walsh

SIMON KENT

12 Jul 202342

2:12

President Joe Biden’s public approval rating was stuck at 40 percent in early July, close to the lowest levels of his presidency, defying White House efforts to further engage voter support.

A Reuters/Ipsos poll delivered the bad news for the president as he looks to another run for office in 2024, telling Turkish President Recep Erdogan overnight he would win re-election next year and would be working with him for the next five years, as Breitbart News reported.

The three-day online poll, which asked Americans, “Do you approve or disapprove of the way Joe Biden is handling his job as president?” and ended Monday, showed a marginal decrease from his 41 percent approval rating a month earlier, within the survey’s three percentage point margin of error.

The largest number of respondents — 21 percent — cited the economy as their top concern, followed by 15 percent who cited crime or corruption, Reuters reports.

The slump has defied White House attempts to push a series of events aimed to reboot Americans’ dour mood about the economy.

These include touting the Democratic president’s “Bidenomics” agenda even as critics suggest nobody really knows what that means much less what “Bidenomics” represents.

White House: ‘Pollsters Are Not Asking the Right Questions’ About Biden’s Economic Policies

0 seconds of 4 minutes, 36 secondsVolume 90%

Respondents were reportedly evenly split in their views of the Supreme Court’s decision last month to strike down Biden’s student loan forgiveness program, with 49 percent supporting the decision and 48 percent opposed.

A majority — 60 percent — said they supported the court’s move to end the use of affirmative action in college admissions.

The Reuters/Ipsos poll was conducted online, in English, and collected responses from 1,028 adults, using a nationally representative sample.

Follow Simon Kent on Twitter:  or e-mail to: skent@breitbart.com

Biden’s Boondoggle: GM Ohio Plant to Enjoy $1B Annually in Subsidies While Workers’ Wages Cut in Half

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MANDEL NGAN/AFP via Getty Images

JOHN BINDER

11 Jul 2023300

2:55

President Joe Biden’s green agenda for the auto industry is set to shift billions in wealth away from American workers to multinational corporations, a new report from the United Auto Workers (UAW) details.

As part of Biden’s Inflation Reduction Act, automakers producing Electric Vehicles (EVs) and the batteries needed to power them could soon see a windfall of $220 billion by 2031 in the form of taxpayer-funded subsidies.

The subsidies are a result of a provision in the law that allows automakers to take advantage of tax credits so long as their EVs and batteries are primarily sourced in the United States and manufactured in the U.S., Canada, or Mexico.

The plan, though, is set to transfer billions in wealth straight into the pockets of multinational corporations — effectively an industry-wide bailout at the expense of taxpayers.

In the UAW report, the labor union looks at General Motors (GM) and LG’s EV battery plant in Lordstown, Ohio, known as Ultium Cells, which replaced GM’s old vehicle assembly plant.

While workers at the former plant earned up to $30 an hour, the UAW notes that workers at the Ultium Cells plant are earning about $16.50 an hour with a raise to $20 an hour after seven years. This suggests a 45 percent drop in wages for auto workers in Lordstown.

We cannot allow a race to the bottom for America’s working families,” the report states. “The UAW fully supports the transition to a more climate-friendly auto industry, and we are convinced that it can be done without making workers pay the price.”

At the same time, GM and LG — through the Ultium Cells plant, alone — could rake in more than $1 billion annually in subsidies via Biden’s EV tax credits.

The UAW is worried the Biden subsidies will “be used to supercharge corporate profits” while slashing wages for workers.

“… there is a real danger that hundreds of billions in taxpayer dollars will subsidize an EV industry that underpays and endangers workers,” the report states.

As Breitbart News reported, the UAW is withholding an endorsement for Biden as the administration has yet to follow through on commitments that auto workers will not have their wages cut if their manufacturing jobs are transitioned to green energy jobs.

For years, Breitbart News has detailed how a publicly funded transition from combustion engines to EVs has the potential to eliminate millions of American auto jobs and leave auto workers with drastically cut wages.

John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter here.

Joe Biden’s Migrants Take Jobs, Americans Lose Jobs

174

AP Photo/Lynne Sladky

NEIL MUNRO

11 Jul 2023157

8:23

Federal data show a two-month rise in unemployment among black Americans due to the Biden administration’s deliberate transfer of compliant and cheap migrant workers into Americans’ workplaces.

“Black workers saw their unemployment rate rise to 6% in June from 5.6% in May, making it the second consecutive monthly increase,” CNBC.com reported on July 7. For men “within that demographic, unemployment … grew to 5.9% in June, up from 5.6% in May.”

Government-backed migration allows employers to hire young, healthy, cheap, grateful, and hard-working people in place of unwanted American employees, such as former convicts, older and unhealthy Americans, or workers they deem to be lazy or resentful. In many cases, those replaced U.S. workers may be black — and federal data now show that black Americans are seeing a notable rise in unemployment.

“The number of unemployed African Americans has increased by 267,000 since April, meaning they account for close to 90% of the 300,000 increase in overall joblessness during that period,” Bloomberg reported on July 7, adding:

Black Americans … are leaving the workforce after months of improvement in their labor participation culminated in a 15-year high earlier this year. Employment for that group declined by 3% in three months, one of the largest drops on record.

“If conditions continue to weaken, or even accelerate, the gains won by Black workers and other vulnerable groups [emphasis added] could diminish quickly,” William Rodgers, director of the St. Louis Fed’s Institute of Economic Equity, told Bloomberg, which did not mention President Joe Biden’s migrant flood.

The same June data also show no jobs gained for native-born white workers during continued gains among Hispanic and Asian populations that include many recent migrants invited by Biden.

Source: U.S. Bureau of Labor Statistics via FRED

Americans’ real wages have shrunk due to the flood of cheap migrant workers and the inflation caused by the huge inflow of migrant consumers who compete for housing and autos.

“Advocates of increasing immigration have effectively abandoned unemployed or underemployed American citizens, and there’s no evidence that this new wave of immigration that is being welcomed by the administration will have any benefit to these [American] workers,” Jon Feere, an expert with the Center for Immigration Studies, told Breitbart News.

The reversal in gains for Americans comes as Biden and his deputies continue to provide U.S. employers with huge numbers of work-ready, wage-cutting, and grateful economic migrants. Breitbart News showcased one Venezuelan worker, Danny, in New York:

Danny told Breitbart Texas he has a clean hotel room, a New York City identification card, free health care and prescription benefits, and recently found a job at a cleaning company. All at the expense of New York City taxpayers.

The video shows the city-provided hotel room where Danny and another migrant currently live. He recently began working for a residential/commercial cleaning company and works four days weekly. Despite not having a work authorization card allowing him to legally work, or a New York driver’s license, his employer hired him and allows him to drive a company vehicle into New Jersey on workdays. The video shows Danny’s drive to work across the George Washington Bridge over the Hudson River.

…

Danny says most people in Venezuela earn less than the equivalent of $50.00 per month. He says he now earns double that amount in a single day. He says he is surprised and grateful for the support he has been provided and hopes one day to be able to move from the hotel when he is legally able to enter the workforce.

Establishment writers are cheering the replacement of Americans in the economy. “One reason for the surprise jobs boom? Immigrants are back,” said the headline above a Washington Post column by Catherine Rampell in June. “Let’s celebrate the underdogs helping supercharge our economy,” she wrote.

Meanwhile, Biden’s deputies are touting his economics policy in the run-up to the 2024 election. “His plan—Bidenomics—is rooted in the recognition that the best way to grow the economy is from the middle out and the bottom up,” said a White House statement that refused to mention his pro-migration economic strategy.

Nationwide, the unemployment rate is very low, partly because Congress is spending vast amounts of money. So any rise in unemployment caused by Biden’s migrants will be seen in corners of the economy, such as jobs held by lower-skilled white and black Americans.

For example, joblessness is still high among former convicts — especially for black former convicts — despite the growing economy. That group gained jobs during former President Donald Trump’s tight labor market in 2019 and 2020. Yet the New York Times ignored the damaging impact of migration in a July 6 article on the current unemployment rate for ex-convicts:

[T]he broad group of Americans with records of imprisonment or arrests — a population disproportionately male and Black — have remarkably high jobless rates. Over 60 percent of those leaving prison are unemployed a year later, seeking work but not finding it.

Feere told Breitbart News, “You would [expect] to see a surge in employment rates of American citizens coming out of this pandemic … [But] obviously, there’s still a lot of struggle, particularly in the low-skilled [American] population … Everyone who is pushing for more immigration views it as a way to keep wages down [among all groups of Americans], and they certainly do not see it as a way to add power to the labor side of this equation.”

Without migration, employers would be forced to pay Americans more and to raise their productivity by investing in machines and training, Feere said.

“If there were to be a lack of labor in any industry, a couple of things will happen. You would see businesses competing for citizens’ labor by offering better wages, improving working conditions, and offering more benefits,” he continued. “Some industries might mechanize, such as produce harvesting. But there’s never going to be any pressure to do those things if the federal government is constantly supplying businesses with endless supplies of foreign labor willing to work for less.”

Extraction Migration

The federal government has long operated an unpopular economic policy of Extraction Migration. This colonialism-like policy extracts vast amounts of human resources from needy countries, reduces beneficial trade, and uses the imported workers, renters, and consumers to grow Wall Street and the economy.

The migrant inflow has successfully forced down Americans’ wages and also boosted rents and housing prices. The inflow has also pushed many native-born Americans out of careers in a wide variety of business sectors and contributed to the rising death rate of poor Americans.

The lethal policy also sucks jobs and wealth from heartland states by subsidizing coastal investors with a flood of low-wage workers, high-occupancy renters, and government-aided consumers.

The population inflow also reduces the political clout of native-born Americans because the population replacement allows elites to divorce themselves from the needs and interests of ordinary Americans.

Biden’s border chief, Alejandro Mayorkas, says he is building a mass migration system to deliver workers to wealthy employers and investors and “equity” to poor foreigners. The nation’s border laws are subordinate to elite opinion about “the values of our country” Mayorkas claims.

Migration — and especially, labor migration — is unpopular among swing voters. A 54 percent majority of Americans say Biden is allowing a southern border invasion, according to an August 2022 poll commissioned by the left-of-center National Public Radio (NPR). The 54 percent “Invasion” majority included 76 percent of Republicans, 46 percent of independents, and even 40 percent of Democrats.