HAVE YOU EVER HEARD THE WORD 'HOMELESS' OUT OF BIDEN'S FAT MOUTH AS HE FLOODS AMERICA WITH MILLIONS OF ILLEGALS
Democrat-Corporate Alliance: Big Banks, BlackRock, Pfizer Back Hochul Plan to Have Americans Bail Out New York for Illegal Immigration
The nation’s biggest banks on Wall Street, investment firms, and pharmaceutical companies are among a number of multinational corporations throwing their support behind a plan from New York Gov. Kathy Hochul (D) that would have American taxpayers bail out the sanctuary state for an illegal immigration influx.
As Breitbart News reported, Hochul unveiled the bailout this week — promising to lobby President Joe Biden for millions, potentially billions, in American taxpayer money that would ensure border crossers and illegal aliens in New York secure jobs, healthcare services, housing vouchers, and free public transit.
“It is past time for President Biden to take action and provide New York with the aid needed to continue managing this ongoing crisis,” Hochul said in an address.
Hochul’s bailout plan is now receiving praise from the corporate lobby, a number of whom are donors to the upstate Democrat.
In a letter from the Partnership for New York City — a coalition of massive multinational corporations — business executives write to Biden that they fully support such a bailout and ask that he consider moving ahead with the plan.
“We write to support the request made by New York Governor Hochul for federal funding for educational, housing, security, and health care services to offset the costs that local and state governments are incurring with limited federal aid,” the executives write.
Most importantly to the corporate lobby, the executives note they want to see the Biden administration release border crossers and illegal aliens into the United States interior with work permits so they can take American jobs and expand the labor market.
Mass immigration is a boon for Wall Street, real estate investors, and corporations as it adds millions of new consumers to the economy, new residents who need housing, and new workers whom employers can hire to keep the price of labor down.
WATCH: Migrants Sleep On Sanctuary New York City Streets
Saul Acevedo“… there is a compelling need for expedited processing of asylum applications and work permits for those who meet federal eligibility standards,” the executives continue:
Immigration policies and control of our country’s border are clearly a federal responsibility; state and local governments have no standing in this matter.
There are labor shortages in many U.S. industries, where employers are prepared to offer training and jobs to individuals who are authorized to work in the United States. The business community is also providing in-kind assistance and philanthropic support to organizations that are addressing the immediate needs of this largely destitute population.
Executives who signed the letter represent corporations like Pfizer, Paramount, JPMorgan Chase, BlackRock, the WNBA, Citibank, Macy’s, AlleyCorp, Wells Fargo, Blackstone, Etsy, Goldman Sachs, Hearst, Maverick Capital, McGraw Hill, Tapestry Inc., the Georgetown Company, MetLife Inc., the IBM Corporation, LVMH, HSBC Bank USA, Deutsche Bank, Vox Media, and Apollo Global Management, among others.
“… we urge you to take immediate action to better control the border and the process of asylum and provide relief to the cities and states that are bearing the burdens posed by the influx of asylum seekers,” the executives write to Biden.
A number of the executives who signed the letter served as major donors to Hochul’s gubernatorial re-election bid last year against former Rep. Lee Zeldin (R-NY).
Hochul donors whose companies signed the letter include those linked to Vornado Realty Trust, the Related Companies, Tishman Speyer, the Fisher Brothers, and Standard Industries.
Already, American taxpayers are billed $143 billion annually for costs associated with illegal immigration. This estimate does not include any of the social and economic costs — such as higher housing prices, depleted wages, lost jobs, increased crime, and strained public resources at hospitals and schools.
John Binder is a reporter for Breitbart News. Email him at jbinder@breitbart.com. Follow him on Twitter here.
Biden Admin Blames NY for Not Communicating Better With Illegal Immigrants Who Are Overwhelming City
The Biden administration responded Monday to criticism from New York elected officials over the migrant crisis, citing "structural and operational issues" with the state and city’s response.
Homeland Security secretary Alejandro Mayorkas sent letters to Democratic Gov. Kathy Hochul and New York City mayor Eric Adams, citing two dozen areas where the city needs to improve its response to the crisis, Politico reported. The letters urged the city to improve data collection and "communications" with migrants in order to facilitate applications for asylum and work authorization.
The letters come the day after an anti-migrant protest in the city turned violent outside the mayor’s official residence.
Hochul and Adams have both criticized the federal government for not doing enough to alleviate the crisis.
At the same time, tensions have risen between Adams and Hochul over the handling of the crisis. Hochul recently criticized Adams, blaming him for the shortage of migrant housing. On Tuesday, Adams hit back, saying Hochul needed to aid the city in processing migrants by having other New York counties share the burden.
A recent poll showed that 82 percent of New Yorkers consider the influx of migrants a "serious" problem, with 54 percent saying it is "very serious."
BLACKROCK IS JOE BIDEN’S BIGGEST BRIBESTER.
Mr. Kennedy calls the issue a “crisis,” and directed blame on companies like BlackRock, State Street, and Vanguard.
EXCLUSIVE: RFK Jr. Proposes 3 Percent Mortgages, Says Corporations Make Housing Crisis Worse
EXCLUSIVE: RFK Jr. Proposes 3 Percent Mortgages, Says Corporations Make Housing Crisis Worse
Democrat presidential candidate Robert F. Kennedy Jr. waves to the audience after delivering a foreign policy speech at St. Anselm College in Manchester, N.H., on June 20, 2023
By Jeff Louderback
Robert F. Kennedy Jr. said that if elected president, he would create a 3 percent mortgage for Americans guaranteed by the government and funded by the sale of tax-free bonds, and he would work to make it less profitable for large corporations to own single-family homes in the United States.
“If you have a rich uncle who co-signs your mortgage, you will get a lower interest rate because the bank looks at his credit rating. I’m going to give everyone a rich uncle, and his name is Uncle Sam,” Mr. Kennedy said at a recent town hall in Spartanburg, South Carolina.
Mr. Kennedy added that the first 500,000 of those 3 percent mortgages would be reserved for teachers.
ANALYSIS: US Housing Market Facing Many Challenges From High Mortgage Rates to Lack of Supply
8/29/2023
ANALYSIS: US Housing Market Facing Many Challenges From High Mortgage Rates to Lack of Supply
Since entering the 2024 presidential race and announcing he would challenge President Joe Biden for the Democrat party nomination, Mr. Kennedy has promoted a platform centered on “healing the divide” and “restoring the middle class.”
Robert F. Kennedy Jr. speaks to a crowd at a town hall in Richmond, Va., on Aug. 23., 2023. (Jeff Louderback/The Epoch Times)
Robert F. Kennedy Jr. speaks to a crowd at a town hall in Richmond, Va., on Aug. 23., 2023. (Jeff Louderback/The Epoch Times)
He recently traveled around South Carolina talking to voters about his ideas.
“Both President Trump and President Biden are running on platforms that they’ve brought prosperity to this country. But when I travel around South Carolina and other states, I’m not seeing that,” Mr. Kennedy told an audience in Charleston. “I’m seeing people who are living at a level of desperation that I have not seen in this country ever.”
Soaring Costs and Debt
Mr. Kennedy chastised the Biden administration, noting that the country has seen higher food prices, credit card debt, and energy costs, as well as an affordable housing crisis.
“In the last two years, the price of housing has gone from $250,000 average to $400,000. Interest rates have gone up 20 percent, and we don’t need to have that happen,” Mr. Kennedy said. “There are ways that the federal government can help people without driving up the debt.”
Making it easier for Americans to buy single-family homes without competing against institutional investors is a priority, Mr. Kennedy said.
A Wall Street Journal report in 2021 showed that 200 corporations were aggressively buying tens of thousands of single-family houses, including entire neighborhoods, and significantly increasing rental prices.
Pew Charitable Trusts, a nonpartisan research organization based in Philadelphia, reported that investors purchased 24 percent of the single-family homes bought in 2021. In 2022, the number climbed to 28 percent of single-family home purchases, according to the organization.
A MetLife Financial Management study contends that institutional investors could own up to 40 percent of single-family homes by 2030.
“Americans are being shut out of the American dream,” Mr. Kennedy said.
Mr. Kennedy calls the issue a “crisis,” and directed
blame on companies like BlackRock, State Street,
and Vanguard.
A 2017 academic paper published by Cambridge University Press reported that the three firms constitute the largest shareholder in 88 percent of S&P 500 firms.
“And now they have a new target, which is to gain ownership of all the single-family residences in this country. And they are on a trajectory to do that,” Mr. Kennedy told an audience in Greenville, South Carolina.
“Usually, when a company buys a home with a cash offer, there is an LLC with an ambiguous name. It often can be traced back to one of those big companies,” Mr. Kennedy explained.
Mr. Kennedy added that Larry Fink, the CEO of BlackRock, is a World Economic Forum board member.
“The WEF is a billionaire boys club that meets in Davos every year and has a plan, which is New World Order and what they have called the Great Reset,” Mr. Kennedy noted. “Klaus Schwab, who wrote the book on that agenda, says that you will own nothing and you will be happy. They are well on their way to accomplishing that first part.”
Corporate Investments in Ohio
Earlier this year, Sen. Sherrod Brown (D-Ohio) introduced legislation called the “Stop Predatory Investing Act” that would ban federal tax breaks on interest and depreciation for corporations (JOE BIDEN’S CRONY, LARRY FINK OF BLACKROCK) that own 50 or more single-family rental homes. If passed, the bill would make it less profitable for large investment companies to buy so many homes.
In Cleveland, Mr. Brown said, institutional investors own 70 percent of homes in one zip code.
The same problem exists in neighborhoods like Cincinnati’s East Price Hill, Mr. Brown remarked.
"In 2021, the last year we have complete data at this point, investors bought 15 percent of homes, and nearly 50 percent of homes in some communities like Price Hill,” Mr. Brown told reporters. “It drives up prices and makes it harder for relatively low-income families. That's where they prey on people."
Another presidential candidate agrees with Mr. Kennedy’s assessment of BlackRock, State Street, and Vanguard
Ohio entrepreneur Vivek Ramaswamy, who has emerged as one of the main challengers behind former President Donald Trump in the 2024 Republican presidential primary, wrote on social media that BlackRock, State Street, and Vanguard represent “arguably the most powerful cartel in human history.”
"They're the largest shareholders of nearly every major public company (even of each other)," Mr. Ramaswamy posted on X, the social media platform formerly known as Twitter.
"And they use your own money to foist ESG agendas onto corporate boards—voting for 'racial equity audits' & 'Scope 3 emissions caps' that don't advance your best financial interests. This raises serious fiduciary, antitrust, and conflict-of-interest concerns."
Economic Struggle
Mr. Kennedy, who is scheduled to speak at a town hall in the Brooklyn borough of New York City on Aug. 30, criticized Mr. Ramaswamy and the other seven Republicans who were on stage at the party’s first 2024 presidential debate in Milwaukee on Aug. 23.
“The Republican debate last night was out of sync with the mood of the country,” Mr. Kennedy said in a statement, pointing out that the candidates “said nothing about the desperation and hardship working people face in this country. They said nothing about wages, housing costs, food costs, child care costs, and medical costs, or what we can do about it. They said nothing about the systemic corruption that enriches corporations and the elites as swaths of the former middle class fall into poverty.”
“Our nation deserves better than posturing and bickering masquerading as debate. Instead of arguing, we can tap into the swelling popular will to turn this country around,” Mr. Kennedy added.
Robert F. Kennedy Jr. addresses a crowd during a town hall in Greenville, S.C., on Aug. 21., 2023. (Jeff Louderback/The Epoch Times)
Robert F. Kennedy Jr. addresses a crowd during a town hall in Greenville, S.C., on Aug. 21., 2023. (Jeff Louderback/The Epoch Times)
At every stop in South Carolina, Mr. Kennedy said that one of his first priorities as president would be to change the tax code so that “it will be less profitable for large corporations to own single-family homes.”
During his address in Brooklyn, just as he did in South Carolina, Mr. Kennedy is expected to talk about the economic challenges facing American families, and his plan to address those issues.
Curbing credit card debt is another way to help more Americans achieve home ownership and become more financially comfortable.
“Many Americans are living paycheck to paycheck. The average income in this country is $5,000 less than the average cost of living. What that means is people have to make up the difference by putting those expenses on credit cards,” Mr. Kennedy told a crowd in Richmond, Virginia.
“We recently reached a milestone in this country with more than $1 trillion in personal credit card debt,” Mr. Kennedy said, adding that many creditors are charging interest rates of 22 percent and higher. “If it was the mafia, it would be loan sharking and they would go to jail, but for banks and credit card companies, it is considered the cost of doing business.”
Before concluding his remarks about credit card debt, Mr. Kennedy asked the audience a question.
“Who do you think owns many of those
companies? BlackRock, State Street, and
Vanguard,” he said. “They are strip mining the
wealth of the American public, and their political
clout allows them to do that, which is why I’m
going to make it less profitable for large
corporations to own single-family homes.”
San Francisco May Lose Lucrative Tech Conference Because of Drugs and Homelessness, Organizer Says
San Francisco could lose a massive conference that brings in millions of dollars because of the city's homelessness and rampant drug use.
Marc Benioff, cofounder and CEO of Salesforce, said his company may be hosting its final "Dreamforce" tech conference in San Francisco this year, pointing to attendees' fears about safety in the city. Benioff said he projects the event, which will run from Sept. 12-14, will bring 40,000 people to the city and inject $57 million into the downtown economy.
"If this Dreamforce is impacted by the current situation with homelessness and drug use, it may be the last Dreamforce," Benioff told the San Francisco Chronicle on Tuesday. He has told the outlet in previous years that attendees have complained about the situation in San Francisco.
Salesforce has given tens of millions of dollars to fight homelessness and crime, but the city continues to struggle with public safety, an issue that has prompted dozens of businesses to close or relocate.
Homicides in San Francisco have increased nearly 40 percent from 2020 to 2022, and deaths from fentanyl have spiked.
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