JOE BIDEN IS AND HAS ALWAYS BEEN A BILLARY CLINTON GLOBALIST DEM FOR OPEN BORDER. THEN SENATOR BIDEN HELPED BILLARY CLINTON PERPETRATE N.A.F.T.A. FOR WALL STREET. IT WAS THE BEGINNING OF THE END OF MIDDLE AMERICA!
Biden Targets Six Communities to Dump New York City’s Migrants
President Joe Biden’s deputies have targeted six poor communities in New York and New Jersey as locations to resettle the foreign migrants now overflowing government-funded shelters in New York City.
The list of sites was sent to state officials, and promptly leaked to Bloomberg, which reported:
Most of the sites are outside of the city, including Stewart International Airport, a small Hudson Valley facility frequently used by private jet owners. The Atlantic City location is even in another state, New Jersey.
One recommended site, Massena International Airport, is 365 miles (588 kilometers) from the city, in remote St. Lawrence County on New York’s Canadian border. It serves as a US Customs port of entry from Canada.
There are two sites in Schenectady, one near Bear Mountain State Park, one near Newburgh; and one site in New Jersey at Atlantic City Airport.
“The burden put on our citizens would be overwhelming and the effect on the school system, roads and resources to accommodate them would be devastating,” responded Laura Pfrommer, the Republican Mayor of Egg Harbor Township in New Jersey. She added:
The humanitarian crisis created by the federal government is not appropriately dealing with the issues of immigration has unfairly resulted in small communities having to bear the brunt of this inaction … We strongly urge the federal government to actually deal with the situation at the border and not shift the responsibility to communities.
The list names also five sites in New York City, including Floyd Bennett Field in Brooklyn, which has been approved by New York officials.
The state’s Democrat politicians know the resettlements are unpopular, and that prior efforts have prompted protests and reversals. So they are reluctant to let the city’s Democrats shove their city-made migrant problem outside the city before the 2024 elections.
White House on Majority of Americans Living Paycheck-to-Paycheck: Wages Only Started Outpacing Inflation Recently
On Thursday’s broadcast of MSNBC’s “Katy Tur Reports,” White House Council of Economic Advisers Chair Jared Bernstein responded to a majority of Americans saying they’re living paycheck-to-paycheck and those who aren’t feeling the economy improving by acknowledging that “it’s early days for those wage gains,” and so he’s “very sympathetic to the idea that people need to see them continue, and I think if the job market stays tight, they will.”
Guest host Alex Witt asked, “[A]s you know, a majority of Americans still say they are living paycheck-to-paycheck. So, what is the message to those people who don’t really personally feel the economy improving, despite the White House’s messaging?”
Bernstein responded, “Well, I think there, we have to consider what we’ve been talking about in terms of current events, where we have, again, a strong labor market supporting consumer spending and real wage gains. But it’s early days for those wage gains, by the way. So, I’m very sympathetic to the idea that people need to see them continue, and I think if the job market stays tight, they will. But I think we also need to look around the corner. You see a president that is working day in and day out on behalf of the American people. The prescription drug announcement that came out earlier this week, it’s going to help the incomes of millions of seniors by allowing them to spend less on prescription drugs. This morning, we announced a proposed overtime rule, so that people could get fair overtime pay on the job, and, of course, there’s the deep investment agenda behind Bidenomics, which is supporting manufacturing across this country in rural areas, in urban areas, in blue states, in red states. So, we believe that the current dynamics in the economy are moving in the right direction, but we’re planting the speeds for a more prosperous future as well.”
Follow Ian Hanchett on Twitter @IanHanchett
61% Are Now Living Paycheck-to-Paycheck; Personal Savings Rate Falls
As of July, Americans are saving less – and more than half are living paycheck-to-paycheck – new reports reveal.
“61% of Americans are living paycheck to paycheck — inflation is still squeezing budgets,” CNBC reported on Thursday, citing a new Lending Club study on July 2023 consumer trends.
Also on Thursday, the U.S. Bureau of Economic Analysis (BEA) released its “Personal Income and Outlays” report for July, revealing that Americans’ average personal savings rate fell from 4.3% in June to 3.5% in July.
July’s 3.5% savings rate is a mere quarter of its 13.4% level when former Pres. Donald Trump left office and more than twice the 7.2% savings rate recorded during Trump’s first full month in the White House.
Adjusted for inflation, “real” disposable personal income (DPI) for July - personal income less personal current taxes – fell, compared to the previous month, the BEA reports:
- Total personal income increased $45.0 billion, at a 0.2% monthly rate, in July.
- Disposable personal income was virtually unchanged from June.
- “Real” disposable personal income decreased 0.2% for the month.
- “Real” personal consumption expenditures increased 0.6% in July, reflecting increases of 0.9% in spending on goods and 0.4% in spending on services.
- The Personal Consumption Price Index increased 0.2%, compared to the previous month.
The business and economic reporting of CNSNews is funded in part with a gift made in memory of Dr. Keith C. Wold.
ONE OF BIDEN'S BIGGEST BRIBESTERS IS LARRY FINK OF BLACKROCK. THEY PUMPED MORE THAN $30 MILLION INTO JOE'S ELECTION CAMPAIGN WITH JOE'S PROMISE THAT HE WOULD FLOOD AMERICA WITH MILIONS AND MILLIONS OF ILLEGALS WHO WILL ALWAYS BE RENTERS.
THEN FINK/BLACKROCK WENT OUT AND ACQUIRED $60 BILLION (not million) IN RENTALS.
AFTER THAT THE RENTS WENT UP AND UP AND UP.
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 (MORE BELOW)
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.
Office vacancies in San Francisco hit a record-high rate in the second quarter this year. Among the companies trying to ditch their office space in the struggling city that quarter were Uber and Airbnb.
Published under: Crime , San Francisco
NYTimes: Immigration Spikes Housing Costs
7
AP Photo/Rebecca Blackwell
9 Oct 20220
6:20
Mass migration has quickly spiked Canadians’ housing prices and rapidly reduced the share of Canadians who can own homes, admits the pro-migration New York Times.
“Basically southern Ontario has become unaffordable” amid a massive inflow of immigrants, real-estate agent Bryan Adlam told the newspaper for an October 8 article, and added:
“I have two clients I have right now whose budget is $500,000 to $600,000, which is not chump change,” he said. “Are they going to be renters for life? Probably. Has owning a home become unattainable for someone on the lower income echelon? I would say, yes.”
The impact was also admitted in a 2021 report by the government-run Canada Mortgage and Housing Corporation:
House price surges in Toronto and Vancouver between 2015 and 2019, partly owing to much higher international migration, [and] were the catalyst for significant changes in domestic migration patterns within their respective provinces.
The rising house prices also help push young Canadians out of the major cities, the 2021 report noted:
Since 2015, a greater share of people from nearly every age cohort moved out of Toronto and Vancouver to live in other regions of their respective provinces.
…
For people 25-44 years old, surging house prices in Toronto and Vancouver led to a greater incidence of “drive until you qualify.” Homeownership had become too expensive in Toronto and Vancouver for many potential first-time buyers in this age group
“Census data released this month showed that the [homeownership] rate fell to 66.5 percent last year from a peak of 69 percent 11 years ago,” the New York Times reported.
The newspaper’s pro-migration editors downplayed the role of immigration, but the reporter repeatedly hinted at the relationship, writing:
HAMILTON, Ontario — Even with a budget of 1 million Canadian dollars, Ritu Choudhary and Nippun Goyal, a newly married couple living in Toronto, discovered that buying a house there would be impossible. The competition inside the city and nearby was so stiff that they had to consider 50 properties, before finally outbidding everyone to pay 995,000 Canadian dollars, or about $730,000.
…
Canada’s housing costs are already among the highest in the world, driven, in part, by robust real estate markets in its largest cities, like Toronto and Vancouver, that have a global appeal.
On October 7, the Wall Street Journal also admitted migration’s role in pricing ordinary Canadians out of good housing:
Population growth, a shortage of housing stock and low interest rates helped push up house prices in Canada’s biggest centers, prompting would-be buyers to look farther afield and drive up prices in smaller, far-flung communities unaccustomed to housing booms.
The WSJ also quoted a low-wage immigrant — with eight other family members — who are helping to drive up real-estate prices:
Kanishka Noorzai and his wife, his four sons, his parents and his younger sister arrived here in February, from Afghanistan via Albania, and settled in the Waterloo region, an urban center of a half-million people west of Toronto. After a monthslong search that took him to apartments, townhouses and other domiciles, he found a three-bedroom bungalow — at a cost of nearly $3,000 a month for a one-year lease, or “really, really above our budget,” said Mr. Noorzai, 43 years old. He is currently working part time as a security guard but is seeking full-time hours.
“I really was surprised,” he said, “because I did not think it would be that difficult to find a house in Canada. It was a nightmare.”
Noorzai’s group can likely pay for their expensive housing because it includes at least five working-age people who can pool their low wages.
Immigration is also changing the housing markets for Americans as it shifts more wealth from wages to Wall Street.
Wealthy investors are using their immigration-related profits to buy more housing that would otherwise would have put young Americans on a road to middle-class housing wealth, the Washington Post reported October *
ROUND ROCK, Tex. — Adam and Tahnya Gaston arrived in this Austin suburb in June with a toddler, a dog and enough money for a down payment. But within days they scrapped their plans for buying a house, deterred by soaring home prices and rising mortgage rates. Instead, they’re paying $4,000 a month to lease a three-story house in a new development aimed squarely at renters.
…
It’s one of thousands of “build-to-rent” developments springing up around the country, billed as an attainable route to single-family homes and front yards at a time when homeownership is increasingly out of reach. Developers are expected to add 105,000 homes in such communities this year, and 50 percent more by 2025, according to real estate consulting firm Hunter Housing Economics.
“We fit the demographic of people who, five years ago, would’ve bought a huge house in the suburbs,” Adam Gaston told the Post. “But now prices are crazy, and we’re making different decisions.”
Nearly all corporate-run media outlets in the United States favor migration. So their editors hire pro-migration reporters for the immigration beat. Very few of those immigration reporters want to recognize Americans’ views about migration, or the damaging impact of international migration on Americans’ pocketbooks, housing, and wealth.
But many ordinary business reporters want to follow the money, and they are freer to sketch migration’s economic impact in articles that are not directly about U.S. migration. Their articles tell careful readers about immigration’s impact on housing prices in Canada, or about fights over zoning regulations.
Breitbart News, however, extensively covers the U.S. government’s economic strategy of extraction migration and has covered the impact of migration on housing costs in the United States, Canada, Australia, and New Zealand.
New York City Wants $1 Billion to Help Exploit Biden’s Migrants
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Shawn Inglima/New York Daily News/Tribune News Service/STEFANI REYNOLDS/AFP via Getty Images
7 Oct 20220
4:59
New York City’s Mayor Eric Adams wants $1 billion from other Americans to subsidize the city’s economic strategy of importing penniless immigrants for use by New York’s business leaders.
“We need help — and we need to now,” Democratic Mayor Eric Adams said in a Friday press conference, adding:
Today we’re issuing a clear message — [the] time for aid to New York is now. We need help from the federal government. We ned help from the state of New York. Our city is doing our part and now others must step up and join us …. We need those to come through.
Adams also demanded preferential treatment from legislators nationwide:
We need legislation that will allow these asylum seekers to legally work now, not the six months … We need a coordinated effort to move asylum-seekers to other cities in this country to ensure everyone is doing their part and Congress must pass emergency financial relief for our city and others. Finally, we need a bipartisan effort to deliver long awaited immigration reform.
“We expect to spend at least $1 billion by the end of the fiscal year on this crisis, all because we have a functional and compassionate system,” he said.
Eric Adams, mayor of New York, speaks to members of the media during a New York State Financial Control Board meeting in New York, on Tuesday, Sept. 6, 2022. (Stephanie Keith/Bloomberg via Getty Images)
The demand was $500 million two weeks ago, as officials counted the cost of housing migrants who are being drawn to the free overnight shelters attracted to the jobs and schooling in the so-called “sanctuary city.”
City leaders want more migrants because they help to cut wages, inflate real-estate rents and values and boost profit for local business leaders.
The policy also generates many customers for the city’s welfare, aid, housing, education, and medical agencies. For example, Adams admitted in his speech that the city is providing overnight shelters to 61,000 homeless people each night, and is adding 5,500 migrant children to the overcrowded and failing schools needed by non-wealthy Americans in the city.
The cheap-labor migrants also provide more profits for investors in the city businesses. Without the extra labor, the investors otherwise would be forced to hire unemployed Americans in upstate New York cities, or other states such as New Jersey, Maine, New Hampshire, and West Virginia.
Overall, the Biden migrants being welcomed by Adams allow the city’s Democratic leaders to preserve their high/low economy, where a small number of wealthy landlords and investors keep political power amid a fractured city of divided, diverse, distracted, and poor voters.
Between the 1940s and about 1980, the city’s wage gap was much smaller, in part, because nearly all migrants to the city were outspoken, equality-minded Americans from nearby U.S. states, such as Pennsylvania and New Jersey.
City leaders hide their post-1990s exploitation of migrants behind the 1950s “Nation of Immigrants” narrative. That elite-imposed narrative repurposes the Statue of Liberty from a celebration of Americans’ constitution into a “Golden Door” invite for foreign economic migrants.
In his speech, Adams repeatedly declared his support for the Democrats’ policy of extracting migrants from poor countries, even as he tried to blame Republican governors for the resulting economic damage to American pocketbooks:
Our right-to-shelter laws, our social services, and our values are being exploited by others for political gain. New Yorkers are angry. I am angry too. We have not asked for this. There was never any agreement to take on the job of supporting thousands of asylum seekers. This responsibility was simply handed to us without warning as buses began showing up. There’s no playbook for this. No precedent.
But despite all this, our city’s response has been nothing short of heroic. From setting up welcome centers, organizing housing, health care, and transportation, New York city agencies and their community partners have done great work in the face of overwhelming need. New Yorkers as always, have responded to this crisis by pulling together as one.
Yet Adams simultaneously denied that the Democrats’ sanctuary city policies have any role in the migrants’ arrival.
“This crisis is not of our own making, but one that will affect everyone in this city now, and in the months ahead,” he insisted, before ending his speech with a contradictory flourish:
Generations from now, there will be many Americans who will trace their stories back to this moment in time. Grandchildren who will recall the day their grandparent arrived here in New York City and found compassion — not cruelty. A place to lay their head, a warm meal, a chance at a better future. Thank you New York, for doing the right thing.
Breitbart News has extensively covered the damage caused to citizens by the establishment’s policy of Extraction Migration.
Bidenomics: Five Charts the Media Don’t Want You to See
Liberal media are declaring Bidenomics a success - but, hard numbers tell a much different story – regardless of whether the measure is how much Americans are paying, earning or saving.
Gas prices:
While gas prices held steady under Pres. Donald Trump (down four cents a gallon), they’ve surged 53.1% in the first 31 months of Pres. Joe Biden’s term. From January 2021 to July of this year, the average price of a gallon of gas (all grades) has increased from $2.42 to $3.71, according to the U.S. Energy Information Administration.
By August 28, that cost had risen another 24 cents, to $3.95 a gallon, bringing the increase under Biden to more than a dollar and a half per gallon.
Real Wages:
After accounting for inflation, real wages earned by Americans have declined under Biden. In the first quarter of 2021, median weekly real earnings averaged $373. But, by the second quarter of this year, average real earnings had fallen to $365.
Under Trump, however, real wages rose from $352 on January 1, 2017, to $373 on January 1. 2021.
Real wages are calculated using Bureau of Labor Statistics (BLS) median usual weekly earnings for full-time employees at least 16 years old and are represented in terms of quarterly 1982-84 Consumer Price Index (CPI) seasonally-adjusted dollars.
Consumer Price Index:
Consumer prices rose 7.6% in the 48 months of the Trump Administration, from a CPI of 243.618 in January 2021 to one of 262.035 in December 2020.
In contrast, prices have already risen more than twice as much, 15.9%, in just 31 months under Biden. Less than two-thirds of the way through his term, the CPI has risen from 262.650 in January of 2021 to 304.348 last month (July 2023), putting it on pace to increase more than three times as much as it did during Trump's full, four-year term.
Mortgage Rates:
It’s also costing far more to finance a home purchase, under the Biden Administration.
Mortgage rates today are more than twice the average rate home buyers paid when Trump left office, Freddie Mac data reveal. Under Biden’s predecessor, the average 30-year fixed mortgage rate fell by a third, from 4.09% to 2.77%. But, by August of this year, mortgage rates had more than doubled, increasing by more than four percentage points, to 7.09%.
Savings Rates:
With Americans earning less and spending more, their average savings rate has declined under Biden.
From February 1, 2017 to February 1, 2021, the average personal savings rate increased 86%, from 7.2% to 13.4%. But, by July1 of this year, it had plummeted to 3.5% - a mere quarter of its pre-Biden level – according to Federal Reserve Bank of St. Louis (FRED) calculations, incorporating BLS data.
The business and economic reporting of CNSNews is funded in part with a gift made in memory of Dr. Keith C. Wold.
Kroger warehouse worker dies of heat-related illness in Memphis, Tennessee
A worker died last Friday at a Kroger distribution warehouse in Memphis, Tennessee amid a blistering heatwave which impacted much of the United States. Tony Rufus, a Memphis Kroger Distribution Center worker, was found unresponsive Friday night and declared dead by Memphis police.
Rufus worked in the distribution center’s Salvage Department loading and unloading product from trailers. According to reports, he was sweating profusely, asking for water and was desperately seeking places to cool off in his area, which was not air conditioned. He was later found slumped over his pallet jack.
Friday’s high reached a blistering 101 degrees Fahrenheit (38 Celsius) in Memphis, and workers say the interior of the Salvage Department is often much hotter than outside temperatures. While workers are contractually guaranteed a fifteen-minute break every two hours, this is simply not enough in such dangerous temperatures.
According to the Bureau of Labor Statistics, between 2011 and 2021 there were 436 work-related deaths caused by heat exposure in the United States. This will no doubt get worse as temperatures rise as a result of climate change.
One group of workers who have been particularly hard hit by the increasing temperatures are delivery drivers, whose vehicles frequently lack air conditioning. At UPS, the company actually removes air conditioning systems from its vehicles after purchasing them, and at least 143 UPS workers suffered heat or dehydration-related injuries since 2015, according to OSHA reports.
Rufus’ death came only three days after the Teamsters union declared the ratification, under suspicious circumstances, of a new contract at UPS. While the union bureaucracy claimed the deal contained historic improvements, it is in reality a sellout which maintains UPS as one of the most exploited unionized workforces in the country. The contract includes an agreement with the company to include A/C for all new vehicles, a meaningless concession given that the company operators its trucks for two decades or more. Last Wednesday, the day after the contract was ratified, a UPS driver died of heat-related illness in the Dallas, Texas area.
The Teamsters also cover Kroger warehouse workers. A representative for Local 667 in Memphis claimed that before Rufus’ death they had pressed Kroger to improve its heat-related safety standards in the distribution center, including more breaks and cooler temperatures.
However, such demands were never even raised in relation to UPS hubs, which also lack air conditioning and where the vast majority of UPS employees work as low-paid part-timers. Also last Friday, temperatures reached 99 degrees Fahrenheit in Louisville, Kentucky, where the company’s massive Worldport air freight hub is located. A worker from Worldport told the WSWS that the complex, which has more than 8,000 workers, no longer even has emergency medical services on site as a cost-saving measure. Instead, Worldport shares EMS with the Louisville passenger airport a mile and a half away.
The Kroger Company is the largest grocery retailer by revenue in North America, with a workforce of over 465,000. The company is infamous for its low pay and poor working conditions, which have gotten worse during the pandemic. In fact, Kroger warehouse workers in Memphis walked off the job in March of 2020 during the opening surge of the pandemic. In 2021, 19-year Kroger veteran Evan Seyfried took his own life after being harassed and bullied by a store manager for taking COVID precautions at work.
These conditions are enforced with the complicity of the union bureaucracy. The United Food and Commercial Workers Union, which covers many Kroger store workers and workers at its subsidiaries, has forced through one sellout after another. Last year, the UFCW rammed through a contract with below-inflation raises in Indianapolis in a second vote after workers had rejected it the first time, then deleted their social media page in order to pre-empt any opposition. The UFCW also isolated a strike by King Soopers workers in early 2022.
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