Saturday, November 11, 2023

THE BIDEN DEPRESSION

THE ONLY WAY WE CAN SAVE MIDDLE AMERICA IS FOR US TO BRING WALL STREET TO HEEL NO MORE BANKSTER BAILOUTS AND TENS OF MILLIONS OF JOBS HELD BY  ILLEGALS GIVEN OVER TO AMERICANS (LEGALS). THAT MEANS KENNEDY MUST BE THE NEXT PRESIDENT!



WATCH 'CREDIT CARD' JOE BAILOUT THE BANKS JUST AS THE BANKSTER REGIME OF BARACK OBAMA, ERIC HOLDER AND 'CREDIT CARD' JOE DID 












Half of Americans Say ‘Santa Won’t Be as Generous This Year Due to Inflation,’ a Third Foregoing Gifts Entirely

CRAIG BANNISTER | NOVEMBER 10, 2023
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Inflation is putting the “Bah! Humbug!” into the holidays this year - especially when it comes to Christmas presents - a new survey of Americans’ spending expectations reveals.

Half (50%) of all Americans say “Santa won’t be as generous this year due to inflation,” according to a national survey conducted by WalletHub. And, one in three (34%) say they’re “foregoing gifts this year due to inflation.”

More than one in four (28%) say they’ll spend less than last year on holiday shopping.

What’s more, a quarter (24%) say they still haven’t paid off all of their holiday debt from last year, and half (47%) don’t expect to pay off this year’s credit card charges on time.

In fact, one in five (19%) plan to apply for a new credit card, so they can charge this year’s holiday expenses.

And, inflation isn’t just reducing the number of gifts given to family and friends, it’s also hurting charitable contributions, according to nearly half (47%) of those surveyed.

WalletHub’s findings are supported by a number of other recent surveys, some of which provide even bleaker predictions for the impact of inflation on this holiday season.

“Forty-two percent of consumers attributed their expectation for increased spending to inflation and a higher cost of holiday items, while 54 percent plan to spend less for the same,” the International Council of Shopping Centers (ICSC) reports.

More than half (56%) of 2023 holiday shoppers won’t be able to buy as many gifts as they’d like to this year due to inflation, and a third (33%) say that, when they do, they’ll buy less expensive gifts, a NerdWallet survey finds.

U.S. consumers plan to spend an average of 2% less than last year on holiday-related items, The Conference Board reports. About six in ten cite inflation as a reason, as 59% expect the cost of gifts to rise and 55% think the cost of food will be higher.

Indeed, U.S. Bureau of Labor Statistics (BLS) data show the cost of traditional holiday-food items, such as treats and turkey dinners, is already much higher than it was a year ago:

  • Cookies up 6.6%
  • Sugar and sugar substitutes up 7.7%
  • Candy and chewing gum up 7.5%
  • Poultry, such as turkey up 6.7%
  • Sauces and gravies up 6.7%
  • Bread up 6.1%
  • Crackers, bread, and cracker products up 6.9%

 

Making matters even worse, Americans’ earnings haven’t kept pace with inflation. Real average weekly earnings have fallen 0.1% over the past year, according to the latest BLS data (Sept. 2022 to Sept. 2023).



Brooks: Manchin Blocking Biden Is Why We Didn’t Have Even Worse Inflation

On Friday’s broadcast of “PBS NewsHour,” New York Times columnist David Brooks argued that even though a lot of Democrats don’t like him, outgoing Sen. Joe Manchin (D-WV) saved the Biden administration and the Democratic Party by blocking proposals by the Biden administration for massive spending that would have led to “astronomical” levels of inflation, “and the Biden administration would be in much worse shape if our inflation had hit like double digits, which it could have [been] overstimulating to that degree.”

Co-host Geoff Bennett asked, “What’s the legacy that Joe Manchin leaves behind?”

Brooks answered, “He saved the Biden administration. And so, the Biden administration, and — if you remember, a few years ago, wanted to spend $4 trillion to pump up the economy. And he said, no way, no way. It was more like 1 trillion. And, as a result — if we had spent 4 trillion, instead of 1 trillion, the inflation — which we really suffered from — would have been astronomical, and the Biden administration would be in much worse shape if our inflation had hit like double digits, which it could have [been] overstimulating to that degree. So, Democrats don’t like Joe Manchin, but he did save their bacon.”

Follow Ian Hanchett on Twitter @IanHanchett



Moody’s Investors Service Lowers U.S. Outlook Rating to Negative amid Polarization, Deficits

Cardona - US President Joe Biden addresses the Maui fire disaster before speaking about Bidenomics in Milwaukee, Wisconsin, August 15, 2023. (Photo by ANDREW CABALLERO-REYNOLDS / AFP) (Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)
(Photo by ANDREW CABALLERO-REYNOLDS/AFP via Getty Images)

Moody’s Investors Service lowered the United States outlook from stable to negative on Friday, citing polarization and deficit spending.

“Moody’s Investors Service on Friday lowered its ratings outlook on the United States’ government to negative from stable, pointing to rising risks to the nation’s fiscal strength,” CNBC noted. “The ratings agency has affirmed the long-term issuer and senior unsecured ratings of the U.S. at Aaa.”

A sign for Moody’s rating agency is displayed at the company headquarters in New York (EMMANUEL DUNAND/AFP/Getty Images).

The agency said that it expects the “US’ fiscal deficits will remain very large, significantly weakening debt affordability.”

The agency added that political polarization raises concern that future governments will not be able to properly implement a coherent fiscal policy.

“Continued political polarization within US Congress raises the risk that successive governments will not be able to reach consensus on a fiscal plan to slow the decline in debt affordability,” it said.

The U.S. rating will stay at Aaa as long as the nation continues to “retain its exceptional economic strength.”

“Further positive growth surprises over the medium term could at least slow the deterioration in debt affordability,” the agency said.

Deputy Secretary of the Treasury Wally Adeyemo said that the Biden administration disagrees with the rating shift to a negative.

US Deputy Treasury Secretary Wally Adeyemo delivers a speech outlining the new action taken by the US Department of the Treasury's Office of Foreign Assets Control imposing a second round of sanctions on key Hamas-linked officials and financial networks, after the Hamas attack in Israel on October 7, in London on October 27, 2023. Thousands of civilians, both Palestinians and Israelis, have died since October 7, 2023, after Palestinian Hamas militants based in the Gaza Strip entered southern Israel in an unprecedented attack triggering a war declared by Israel on Hamas with retaliatory bombings on Gaza. (Photo by Daniel LEAL / AFP) (Photo by DANIEL LEAL/AFP via Getty Images)

US Deputy Treasury Secretary Wally Adeyemo (Photo by DANIEL LEAL/AFP via Getty Images)

“While the statement by Moody’s maintains the United States’ Aaa rating, we disagree with the shift to a negative outlook,” Adeyemo said in a statement. “The American economy remains strong, and Treasury securities are the world’s preeminent safe and liquid asset.”

The negative rating comes as the U.S. government faces another possible shutdown.

“Newly minted Speaker Mike Johnson is running smack dab into the same spending problems that plagued his predecessor, raising the prospects of a government shutdown if Congress doesn’t act between now and next Friday and further exposing divisions within the conference,” CNN reported this week.

UNITED STATES - NOVEMBER 2: Speaker of the House Mike Johnson, R-La., conducts a news conference in the Capitol Visitor Center after a meeting to the House Republican Conference on Thursday, November 2, 2023. (Tom Williams/CQ-Roll Call, Inc via Getty Images)

Speaker of the House Mike Johnson, R-La., conducts a news conference in the Capitol Visitor Center after a meeting with the House Republican Conference on Thursday, November 2, 2023 (Tom Williams/CQ-Roll Call, Inc via Getty Images).

“House Republican leaders were forced to abruptly pull two-year-long spending bills from the floor this week amid opposition from both ends of their badly divided GOP conference,” it added. “And Johnson is still grappling with a strategy to keep the government’s lights on without sparking a right-wing rebellion.”

Paul Roland Bois directed the award-winning feature filmEXEMPLUM, which can be viewed for FREE on YouTube or Tubi. A high-quality, ad-free stream can also be purchased on Google Play or Vimeo on Demand. Follow him on Twitter @prolandfilms or Instagram @prolandfilms. 


THE ONLY WAY WE CAN SAVE MIDDLE AMERICA IS FOR US TO BRING WALL STREET TO HEEL NO MORE BANKSTER BAILOUTS AND TENS OF MILLIONS OF JOBS HELD BY  ILLEGALS GIVEN OVER TO AMERICANS (LEGALS). THAT MEANS KENNEDY MUST BE THE NEXT PRESIDENT!


Census: Mass Immigration Set to Drive U.S. Population to 400 Million by 2060

Migrants take part in a caravan towards the border with the United States in Tapachula, Chiapas State, Mexico, on October 30, 2023. (Photo by ISAAC GUZMAN / AFP) (Photo by ISAAC GUZMAN/AFP via Getty Images)
ISAAC GUZMAN/AFP via Getty Images

The nation’s policy of admitting more than a million legal immigrants, in addition to annual illegal immigration levels, is set to drive the United States population to nearly 400 million by the year 2060, the U.S. Census Bureau projects.

The Census Bureau projection, analyzed by Steven Camarota of the Center for Immigration Studies, suggests that current levels of illegal and legal immigration will force the U.S. population to about 397 million in less than four decades.

This “high” immigration scenario, Camarota writes, most fits the nation’s current policy in which more than a million legal immigrants are rewarded green cards annually, and tens of thousands of illegal aliens are being released into the U.S. interior every month.

EXCLUSIVE: 2,000 Migrants Cross into Texas Border by Early Afternoon, At Least 1,500 More Expected

Randy Clark / Breitbart Texas

Despite projecting this unprecedented population growth, the establishment media — as well as the Census Bureau — focused on the agency’s projection that the U.S. population will eventually decline.

“The Bureau’s new projections extend all the way to 2100,” Camarota writes:

This super-long-term forecast generates the somewhat alarmist headline in the press release, “population projected to decline.” This decline is not supposed to happen until 2081. Even then, the decline is just 1 percent by 2100. [Emphasis added]

Center for Immigration Studies

As Breitbart News reported in March, illegal and legal immigration to the U.S. is driving 80 percent of the nation’s annual population growth. This research indicates that a moratorium on immigration would help stabilize the population.

Already, the U.S. population has hit a record 333 million people.

EXCLUSIVE: 1,500 Migrants Cross Border into Texas in Six Hours

Americans, polls routinely find, are uncomfortable with such rapid population growth because it means more traffic on roads, a larger strain on the social safety net, higher housing prices, and a flooded labor market.

The latest survey from Rasmussen Reports shows that nearly seven in ten likely voters want to either slow down immigration-driven population growth or halt it altogether. Likewise, nearly half of likely voters say immigration-driven population growth ought to be reduced to protect the nation’s wildlife habitats and farmland from urban sprawl.

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



Nikki Haley: Let CEOs Import Workers and Graduates They ‘Need’

Republican presidential hopeful Nikki Haley speaks at a campaign event, Thursday, Sept. 7, 2023, in Boiling Springs, S.C. The former South Carolina governor and U.N. ambassador is leaning into her foreign policy experiences as she campaigns in her home state, as well as other early-voting states of Iowa and New …
AP Photo/Meg Kinnard

American CEOs should be allowed to import all the foreign workers they say they “need,” Nikki Haley told supporters at a New Hampshire campaign stop.

“So for too long, Republican and Democrat presidents dealt with immigration based on a [annual] quota,” she told the roomful of supporters:

We’ll take X number this year, we’ll take X number next year, the debate is on the number. It’s the wrong way to look at it. We need to do it based on merit. We need to go to our industries and say “What do you need that you don’t have?”

So think agriculture, think tourism, think tech, we want the talent that’s going to make us better.

Haley’s reference to “think tech” refers to the many white-collar careers that are now being filled by cheap and compliant foreign graduates instead of available and trained American graduates.

Haley continued:

Then you bring people in that can fill those needs. That way you’re actually emboldening in your economy. [Emphasis added]

Yes, the fabric of America is legal immigration. But let’s get the right ones in that are gonna make America better.

“What Nikki Haley is proposing is to legalize human labor trafficking” for CEOs, said Jay Palmer, an immigration law adviser to CEOs and migrants. “The migrants will come over here, they will be abused, and they will work for any wages because the economy in the United States is better than in their country,” Palmer told Breitbart News.

Haley’s “fabric of America” claim was delivered as many establishment media outlets tout her as a “hard-liner” on migration, or a moderate, and as the last, best hope for the establishment GOP against President Donald Trump. “Ms. Haley has momentum,” said a November 6 editorial in the Washington Post that did not mention wages, jobs, or immigration.

She is also portrayed as a “hard-liner” even though Haley’s October open-borders-for-CEOs speech echoed an April speech: “When it comes to actual immigration laws itself, instead of doing quotas every year on how many we’re going to let through, you partner with your businesses and see what they need.”

New York Times article on her November campaign event did not mention her “need” giveaway to the Fortune 500. But the article by

In her New Hampshire speech, Haley also suggested that she would let Biden’s six million-plus illegal migrants stay in the country providing they labor in jobs:

If they’re feeding off the [welfare] system, you send them back. If they’re actually trying to be productive and have a job and have a record that we can look at, then we can look at what happens.

“That’s a very strong suggestion that she has little interest about removing people who don’t belong here,” responded Jon Feere, the director of investigations at the Center for Immigration Studies.

“She’s the type of candidate the Chamber of Commerce loves,” he told Breitbart News, adding, “She’s going to promise everything they want and they ignore the reasons that [President Donald] Trump got elected in 2016, which includes a strong position on immigration.”

Rival Republicans say that immigration should help ordinary Americans.

“To protect American STEM workers, we will reimplement all of our historic actions regarding H-1B workers, including the termination of the visa lottery, the non-displacement rule, and the highest salary first rule,” Trump told Breitbart News in August.

Ron DeSantis believes that the H1-B program has been used to undercut American wages and will work to reform the program to ensure that H1-B visas do not displace or undermine American workers,” DeSantis’s team told Breitbart News.

Haley’s open-borders-for-CEOs offer echoes the “Any Willing Worker” plan pushed by failed President George W. Bush in 2004.

“New immigration laws should serve the economic needs of our country,” Bush announced in January 2004. “If an American employer is offering a job that American citizens are not willing to take, we ought to welcome into our country a person who will fill that job,” he said.

The Haley policy also matches the semi-covert “Extraction Migration” economic strategy adopted by Biden’s deputies, and the max-migration policy pushed by Canada’s Prime Minister, Justin Trudeau.

Haley’s giveaway to CEOs and investors would be bad for the nation, Feere said: “She’s saying that she believes foreigners and corporations should be the only people making decisions about how much immigration the United States should have in a given year. I can’t think of a less democratic way of looking at immigration policy.”

“She looks at [immigration] entirely as a policy for obtaining cheap captive labor. I”m sorry, but our immigration system is about creating permanent future American citizens and that’s not something that should be outsourced to billion-dollar corporations so they can make a quick buck,” he added.

Her policy is also bad for the U.S. economy, productivity, innovation, and wages, Feere said. “Anyone who believes that businesses are capable of saying this is how many people we need doesn’t understand that there is no limit to the amount of cheap foreign labor a business seeks to import. It’s never-ending.”

He continued: “As soon as these foreign workers become too expensive, in the minds of the business owners, they call upon politicians — like Nikki Haley — to bring them even more people who are willing to work for less. It’s basic economics — you flood them, the labor force with large numbers of people, it gives power to the businesses rather than the employees, and there’s no telling how far wages will go down. Or more importantly, how long they will stagnate.”

Haley “has an 18th-century perspective on labor — [there is] no conversation about mechanizing jobs,” he added: “All  [her] talk about STEM technological advancements — that will never see the light of day if we continue to give businesses and corporations a reason not to mechanize. That’s precisely what cheap foreign labor is — it’s an incentive to continue doing business as they always have, not innovate, not raise wages or improve working conditions to attract lawful residents to the jobs.”

“She’s celebrating the creation of a permanent underclass that’s willing to work for less,” he said.

It is possible that Haley was merely pandering to business supporters and donors, Feere said. But, he added, “If there were any evidence that she was strong on immigration enforcement and had previously shown opposition to massive increases in legal immigration, then maybe I wouldn’t take this so seriously. But the reality is, her long-term view has been more immigration by any means necessary.”

Breitbart News asked Haley’s campaign to explain her migrants-for-CEO’s comments. The campaign declined to answer the questions but did send this comment:

Nikki Haley believes we should send back those immigrants who didn’t follow the law to come here. We are a country of laws, and the second we give up being a country of laws, we give up everything this country is founded on.

Immigrants who want to come here need to come the right way, through legal pathways, not break our laws and feed off the system.

Haley’s team also touted more border protections, saying:

We also need to make it more difficult for those to cross and stay illegally by bringing back Remain in Mexico and Title 42. Nikki will end catch-and-release and start catch-and-deport by hiring new Border Patrol and ICE agents, and she will stop handouts to illegal immigrants and sanctuary cities.

Haley’s poll ratings leave her far short of winning the GOP nomination, But establishment media outlets, donors, and politicians are promoting her for the Vice Presidency in a GOP administration. That job would help her corporate donors fight back against any populist proposals in the GOP-run White House.

Haley has relied heavily on major investors for donations. Politico reported in August 2022:

Haley’s nonprofit policy advocacy group, Stand For America, Inc., has received major donations from people including New York hedge fund manager Paul Singer, investor Stanley Druckenmiller, and Miriam Adelson and her late husband, casino mogul Sheldon Adelson, the Internal Revenue Service filings reveal.

The roster of supporters who gave undisclosed donations in 2019 also includes Suzanne Youngkin, the wife of Virginia Gov. Glenn Youngkin, himself a possible presidential contender; former Pennsylvania Senate candidate and hedge fund executive David McCormick; and Vivek and Lakshmi Garipalli, members of a New Jersey family that has donated large sums to Democrats — but which gave Haley’s organization $1 million.

The New York Times gushed on November 9:

There are some signs major donors are turning their attention to her. Harlan Crow, a wealthy real estate developer, hosted a fund-raiser for her in October with well-connected real estate and oil and gas donors in attendance. Former Gov. Bruce Rauner of Illinois, a top giver to Mr. DeSantis, transferred his allegiance to Ms. Haley after the first debate. Last week, one of former Vice President Mike Pence’s top donors — the Arkansas poultry magnate Ron Cameron — said he would back her, after Mr. Pence dropped out of the race.

The New York Times article ignored Haley’s giveaway offer of cheap blue-collar and white-collar labor to investors.

“Most politicians do not know the business side of immigration,” said Palmer. “Nikki Haley is so out of touch … I think that her Super PACs are swaying her judgment,” said Palmer.


Apple Pays $25 Million to Settle Claims It Discriminated Against Americans in Favor of Hiring Foreign Workers

Tim "Apple" Cook Flashes V for Victory
Amy Sussman/Getty

Apple has agreed to pay a  paltry $25 million settlement to resolve allegations of discriminating against U.S. citizens and legal residents in its hiring practices. The DOJ charged the Silicon Valley giant with giving preference to foreign workers by failing to advertise open positions on its recruitment website in a scheme to ensure it could fill vacancies with foreign workers it could sponsor to enter the country.

Engadget reports that Apple has settled claims brought by the DOJ, agreeing to pay $25 million over allegations of discriminating against U.S. citizens and permanent residents during its hiring process. This case is particularly noteworthy as it is the largest settlement the DOJ has obtained under the anti-discrimination provision of the Immigration and Nationality Act, but even taking that into consideration, it is less than a drop in the bucket for Apple, which enjoyed profits of about $100 billion in 2022.

Tim Cook speaks in China

Tim Cook speaks in China ( NG HAN GUAN /Getty)

The dispute centered around the Permanent Labor Certification Program (PERM), a federal program that allows U.S. employers to sponsor foreign workers for permanent residency. Under this program, employers are required to ensure open advertisement of job positions to all potential applicants, irrespective of citizenship status.

However, Apple was accused of failing to meet these requirements. The company did not list PERM positions on its recruitment website and made the application process more challenging for these roles by requiring paper applications, a step not required for other non-PERM positions. This led to a significant reduction in applications from U.S. citizens or permanent residents.

As part of the settlement, Apple will pay $6.75 million in civil penalties and create an $18.25 million fund to compensate victims of this discrimination. Apple’s response acknowledged the oversight and the company’s supposed commitment to compliance with government requirements and to continuing its significant employment in the U.S.

This case comes amidst broader concerns about employment practices in the tech industry. Many have argued that federal agencies tend to favor large corporations, citing cases like Facebook’s settlement over similar allegations. Despite paying fines, these companies often do not admit legal wrongdoing, leading to criticisms of the penalties as being insufficient.

s Breitbart News’ Neil Munro documented in 2021, fines and other penalties are often so insignificant for the Silicon Valley Masters of the Universe that companies like Apple and Facebook consider them a minor cost of doing business:

“It’s not even a slap on the wrist” for Facebook, said Kevin Lynn, founder of U.S. Tech Workers. “What the Department of Justice has said, whether they intended to say this or not, is that [anti-American] country of origin discrimination is fine …[because] if you get caught, the penalties assessed are de minimus,” he added.

“Everyone involved … knows that many, probably most employers, game the system to exclude qualified US workers from ever getting a shot at the open position,” tweeted Ron Hira, a professor at Howard University. The small fine and legal settlements do “nothing to fix the widespread scamming of the high-skilled immigration process,” he said.

The alleged discrimination was conducted while Facebook executives were hiring foreign visa workers for 2,600 permanent jobs that would provide them with green cards. If the Americans had won the jobs, many of Facebook’s foreign visa workers would have been sent back to their home countries.

Furthermore, there is growing concern over the systemic issues in the tech industry’s employment practices. The use of visa worker programs, such as H-1B and L-1 visas, has been criticized for contributing to a form of structural discrimination against American workers. Critics argue that these programs enable companies to hire foreign graduates with the promise of green cards, creating a labor force that competes unfairly against U.S. graduates. This practice is seen as contributing to lower wages and reduced job opportunities for American workers in the tech sector.

Critics also highlight the broader impact of these practices on the U.S. professional class. They argue that the widespread use of foreign contract workers, often erroneously labeled as “high-skilled,” from lower-grade colleges, undermines the employment prospects of U.S. graduates. This situation is compounded by allegations that foreign-born managers in some Fortune 500 companies favor hiring from their own ethnic or regional groups, further marginalizing American workers.

Read more at Engadget here.

Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship.



WaPo Hides Donors’ Migration Money Motive in Anti-Trump Opposition

DES MOINES, IOWA - AUGUST 12: Republican presidential candidate and former U.S. President Donald Trump speaks during a rally at the Steer N' Stein bar at the Iowa State Fair on August 12, 2023 in Des Moines, Iowa. Republican and Democratic presidential hopefuls, including Florida Gov. Ron DeSantis, former President …
Brandon Bell/Getty Images

The Washington Post produced a three-byline, 2,150-word article on tech investors’ conflicts with former President Donald Trump but did not mention the overriding, all-important divide over migration.

The November 12 article is titled “Why Silicon Valley billionaires like Peter Thiel turned against Trump.”

However, the article does not mention voters’ rational support for Trump’s popular promise to curb what investors want — more wage-cutting, rent-spiking migration of foreign consumers, renters, and workers.

The article said:

Just two months before [the] Republican primary season kicks off in Iowa, [tech investor Peter] Thiel is one of several powerful Silicon Valley conservatives reevaluating their participation in politics. Tech heavyweights who helped ignite Trump’s candidacy have told close associates they feel alienated from the GOP and are casting about for a candidate who more closely aligns with their extreme pro-business agenda. 

By excluding migration, the article suggests investors have broken with Trump over his claimed failure to reduce regulation. “‘Look at the major agencies. The FTC, the FDA. Did they have any less when Trump left office than when he started? The answer is no,’ said one of the advisers to major Silicon Valley donors.”

The failure to mention immigration “does seem like an absence, a gap, in the story,” said Mark Krikorian, the director of the Center for Immigration Studies.

He continued:

You would think a reporter would have asked because, if anything, Silicon Valley folks are, generally speaking, the boosters of immigration. If I were a reporter, one of the things that [I] would have asked is “How does the Republican Party’s stance on immigration have anything to do with your own changing attitudes?” Maybe they asked, but they got nothing worth reporting.

These days, there is much evidence that Silicon Valley investors strongly and rationally — from their self-serving perspective — oppose the GOP’s populist opposition to mass migration.

For example, the top-level FWD.us advocacy group for tech investors is loudly opposing Trump’s latest promises to curb illegal migration, according to three reporters at the New York Times:

“Americans should understand these [Trump] policy proposals are an authoritarian, often illegal, agenda that would rip apart nearly every aspect of American life — tanking the economy, violating the basic civil rights of millions of immigrants and native-born Americans alike,” Mr. [Todd] Schulte said.

Todd Schulte runs FWD.us — the very influential lobby group for billionaire investors founded by Mark Zuckerberg and many other Silicon Valley investors to push the failed “Gang of Eight” amnesty bill in 2013.

FWD.us lobbies because investors recognize that Wall Street’s stock values spike when the federal government skews the economy by importing more renters, consumers, and cheap workers, regardless of the pocketbook damage to ordinary Americans.

The breadth of investors who founded and still fund FWD.us was hidden from casual visitors to the group’s website, but copies exist at the other sites.

Other investors cite migration as a reason to walk away from the GOP’s populists.

“Let me say the quiet part out loud: Trump supporters need to move on from Trump. And from Trump-style politics,” said an April 2022 statement from Jeff Giesea, another tech investor who backed Trump in 2016. He wrote:

I look back on the Trump era with mostly negative emotions. On the one hand, the American political establishment needed a wake-up call to listen to voices it had forgotten. Trump succeeded as a sort of wrecking ball and court jester. He forced necessary conversations and electoral reconfigurations.

[But] Many of the issues and grievances that fueled Trump in 2016 remain. Immigration is a mess. The country still lacks basic sovereignty. Bold, forward-looking policies around healthcare, energy, and education remain to be seen. Middle Americans are still underserved and taken for granted by our government.

Billionaires are also abandoning Republican Florida Gov. Ron DeSantis, who promoted himself as a competent governor who could bridge the GOP’s pro-migration donors and low-migration voters:

The right-wing venture capitalist David Sacks was a major DeSantis backer, hosting the launch of DeSantis’s presidential campaign on X, formerly Twitter, in the spring. But in recent months, Sacks has soured on DeSantis, according to two people familiar with his thinking, and has thrown fundraisers for rivals Vivek Ramaswamy and Robert F. Kennedy Jr, then running as a Democrat.

Many polls show that the party cannot accept the investors’ demands for more and more migration, no matter how much money the investors dangle in donations.

For example, immigration is the top issue for 26 percent of Republican voters, according to a poll by Reuters announced on November 7. The 26 percent score is four points above the 22 percent who said the closely related economic issue is the most important.

Swing voters also oppose migration. In October, for example, a majority of the Democrat-leaning Jewish community in New York agreed that migration is more of a burden than a benefit.

Curiously, the Washington Post’s do-not-mention-migration article mentioned Republican presidential candidate and former South Carolina Gov. Nikki Haley just once — even though she is getting funds from Silicon Valley investors while promising them an immigration giveaway.

In September, Politico reported on Haley’s investor donors:

They include billionaire WhatsApp co-founder Jan Koum, who has donated $5 million to a super PAC supporting her campaign, venture capitalist Tim Draper, who gave $1.1 million, and million-dollar donor Steven Stull, another venture capitalist, according to Federal Election Commission filings.

“We need to [think about immigration] based on merit. We need to go to our industries and say, ‘What do you need that you don’t have?'” Haley told supporters in New Hampshire on November 2. “So think agriculture, think tourism, think tech, we want the talent that’s going to make us better.”

Yet the Washington Post suggested that Haley is getting donations from investors because of her foreign policy record. It quoted Keith Rabois — a general partner at Thiel’s venture firm Founders Fund who backs Haley — saying, “DeSantis hasn’t demonstrated sophisticated expertise in foreign policy and the economy.”

The article cited investor support for Republican presidential candidate Vivek Ramaswamy but declined to explain his pro-investor immigration and trade policies.

On the Democrat side, President Joe Biden and his deputies have lavished Silicon Valley investors with favors and giveaways since well before the 2020 election.

In October, Breitbart News reported more Biden giveaways to high-tech investors:

President Joe Biden told his deputies Monday to import more foreign graduates for the Fortune 500 white-collar careers needed by indebted U.S. graduates and their families.

The directive is described in a White House fact sheet outlining the directive, “Executive Order on Safe, Secure, and Trustworthy Artificial Intelligence.”

Biden is “setting up another wave of indentured servitude workers,” responded Kevin Lynn, the founder of U.S. TechWorkers.

The visa programs include the infamous H-1B program, which grants roughly 200,000 three-year work permits each year to low-skill and mid-skill foreign graduates.

The programs “are used to bring in ordinary [mid-skilled foreign] workers to not only displace Americans but allow [CEOs and investors] to control these people during their entire tenure in the country,” Lynn said.  The CEOs and university presidents can control their indentured workers by dangling the hope of green cards and the threat of exile back home, he said.

There should be little surprise when reporters at establishment sites fail to follow the money in migration, said Krikorian. “It’s not so much because [Washington Post owner and high-tech investor] Jeff Bezos is telling them what to do — it’s because they’re in a newsroom where peer pressure would militate against that,” he said.

“In fact, they’re pre-selected [by hiring managers] to not even think about that question,” he added.

Many reporters for the New York Times post many excellent articles about the economic abuse and poverty of migrants, such as child labor and rising rents, but the top editors are pro-migration, so the newspaper does not connect the dots and describe the pocketbook damage of migration to ordinary Americans.

Ordinary Americans — especially black Americans — enjoyed a long and steady rise in prosperity after Congress curbed migration in 1925, but lobbyists persuaded Congress to reopen migration in 1965, double it in 1990, and largely open the border in 2021. The result has been a colossal transfer of wealth from ordinary Americans over to CEOs, investors, and Wall Street.

The government’s migration stimulus for Wall Street policy greatly reduces U.S. innovation, imposes chaotic diversity on American society, and extracts human resources from many poor countries.


15 MILLION ILLEGALS HAVE BEEN USHERED OVER THE BORDER TO JOIN THE 50 MILLION ALREADY HERE.

PUSH 2 FOR ENGLISH AND WATCH THEM VOTE DEM FOR MORE!


 Migrant enclaves already are at the top of the U.S. lists for bad places to  - 10 of the 50 worst places in America to live according to this list are in California, and all of them are famous for their illegal populations.             MONICA SHOWALTER


And just recently, the state-funded University of California system announced it will spend $27 million on financial aid for illegal aliens. They’ve even taken out radio spots on stations all along the border, just to make sure other potential illegal border crossers hear about this program. I can’t afford college education for all my four sons, but my taxes will pay for illegals to get a college education (BOTTOM).

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