Saturday, December 31, 2011

OBAMA SERVES THE RICH, MUSLIM DICTATORS, AND ILLEGALS .... the rest of us are FUCKED!

THERE IS A REASON WHY THE RICH, AND HIS CRIMINAL BANKSTER DONORS ARE SO GENEROUS TO BARACK OBAMA! HE IS A WORSE VERSION OF BUSH'S SECOND TERM, AND HAS PROMISED THE WEALTHY THEY WILL NEVER HAVE TO PAY A LIVING WAGE TO A LEGAL SO LONG HAS OBAMA CAN KEEP OUR BORDERS OPEN FOR HORDES OF ILLEGALS!

THERE IS A REASON WHY THE U.S. CHAMBER of COMMERCE WANTS OPEN BORDERS AND OBAMA'S SABOTAGE OF E-VERIFY!

THERE IS A REASON WHY MOST OF THE FORTUNE 500 ARE GENEROUS DONORS TO THE MEXICAN FASCIST PARTY of LA RAZA... IT'S ALL ABOUT KEEPING WAGES DEPRESSED WITH MILLIONS OF ILLEGALS!

BUT THE REAL COST OF ALL THAT "CHEAP" LABOR IS STAGGERING! NOT ONLY FROM JOBS STOLEN FROM AMERICANS, BUT IN WELFARE AND CRIME COSTS! LOS ANGELES COUNTY ALONE PUTS OUT $600 MILLION PER YEAR IN WELFARE TO ILLEGALS, AND THE CA A.G. DECLARES THAT HALF THE MURDERS IN CA ARE BY MEX GANGS!



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WASHINGTON — This is one anniversary few feel like celebrating.

Two years after economists say the Great Recession ended, the recovery has been the weakest and most lopsided of any since the 1930s.

After previous recessions, people in all income groups tended to benefit. This time, ordinary Americans are struggling with job insecurity, too much debt and pay raises that haven't kept up with prices at the grocery store and gas station. The economy's meager gains are going mostly to the wealthiest.

Workers' wages and benefits make up 57.5 percent of the economy, an all-time low. Until the mid-2000s, that figure had been remarkably stable — about 64 percent through boom and bust alike.

Executive pay is included in this figure, but rank-and-file workers are far more dependent on regular wages and benefits. A big chunk of the economy's gains has gone to investors in the form of higher corporate profits.

"The spoils have really gone to capital, to the shareholders," says David Rosenberg, chief economist at Gluskin Sheff + Associates in Toronto.

Corporate profits up
Corporate profits are up by almost half since the recession ended in June 2009. In the first two years after the recessions of 1991 and 2001, profits rose 11 percent and 28 percent, respectively.

And an Associated Press analysis found that the typical CEO of a major company earned $9 million last year, up a fourth from 2009.

Driven by higher profits, the Dow Jones industrial average has staged a breathtaking 90 percent rally since bottoming at 6,547 on March 9, 2009. Those stock market gains go disproportionately to the wealthiest 10 percent of Americans, who own more than 80 percent of outstanding stock, according to an analysis by Edward Wolff, an economist at Bard College.

But if the Great Recession is long gone from Wall Street and corporate boardrooms, it lingers on Main Street:

 Unemployment has never been so high — 9.1 percent — this long after any recession since World War II. At the same point after the previous three recessions, unemployment averaged just 6.8 percent.

— The average worker's hourly wages, after accounting for inflation, were 1.6 percent lower in May than a year earlier. Rising gasoline and food prices have devoured any pay raises for most Americans.

— The jobs that are being created pay less than the ones that vanished in the recession. Higher-paying jobs in the private sector, the ones that pay roughly $19 to $31 an hour, made up 40 percent of the jobs lost from January 2008 to February 2010 but only 27 percent of the jobs created since then.

Settling for less
Kathleen Terry is one of those who had to settle for less. Before the recession, she spent 16 years working as a mortgage
processor in Southern California, earning as much as $6,500 in a good month, a pace of about $78,000 a year.

But her employer was buried in the housing crash. She found herself out of work for two and a half years. As her savings dwindled, the single mother had to move into a motel with her three daughters.

They got by on welfare and help from their church and friends. Terry started taking a 90-minute bus ride to job training courses. Eventually, she found work as a secretary in the Riverside County, Calif., employment office. She likes the job, but earns just $27,000 a year. "It's a humbling experience," she says.

Hard times have made Americans more dependent than ever on social programs, which accounted for a record 18 percent of personal income in the last three months of 2010 before coming down a bit this year. Almost 45 million Americans are on food stamps, another record.

Ordinary Americans are suffering because of the way the economy ran into trouble and how companies responded when the Great Recession hit.

Soaring housing prices in the mid-2000s made millions of Americans feel wealthier than they were. They borrowed against the inflated equity in their homes or traded up to bigger, more expensive houses. Their debts as a percentage of their annual after-tax income rose to a record 135 percent in 2007.

Not since the Great Depression
Then housing prices started tumbling, helping cause a
financial crisis in the fall of 2008. A recession that had begun in December 2007 turned into the deepest downturn since the Great Depression.

Economists Kenneth Rogoff of Harvard University and Carmen Reinhart of the Peterson Institute for International Economics analyzed eight centuries of financial disasters around the world for their 2009 book "This Time Is Different." They found that severe financial crises create deep recessions and stunt the recoveries that follow.

This recovery "is absolutely following the script," Rogoff says.

Federal Reserve numbers crunched by Haver Analytics suggest that Americans have a long way to go before their finances will be strong enough to support robust spending: Despite cutting what they owe the past three years, the average household's debts equal 119 percent of annual after-tax income. At the same point after the 1981-82 recession, debts were at 66 percent; after the 1990-91 recession, 85 percent; and after the 2001 recession, 114 percent.

Because the labor market remains so weak, most workers can't demand bigger raises or look for better jobs.

Fewer quitting jobs
"In an economic cycle that is turning up, a labor market that is healthy and vibrant, you'd see a large number of people quitting their jobs," says Gluskin Sheff economist Rosenberg. "They quit because the grass is greener somewhere else."

Instead, workers are toughing it out, thankful they have jobs at all. Just 1.7 million workers have quit their job each month this year, down from 2.8 million a month in 2007.

The toll of all this shows in consumer confidence, a measure of how good people feel about the economy. According to the Conference Board's index, it's at 58.5. Healthy is more like 90. By this point after the past three recessions, it was an average of 87.

How gloomy are Americans? A USA Today/Gallup poll eight weeks ago found that 55 percent think the recession continues, even if the experts say it's been over for two years. That includes the 29 percent who go even further — they say it feels more like a depression.

*\ http://mexicanoccupation.blogspot.com/2011/06/how-obama-duped-nation-but-his-bankster.html

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“All of these writers proceed from a fact of American life that is becoming impossible to deny: the sharp divergence in the fortunes of the banks and investors, on the one hand, and the broad mass of the population, on the other. The Wall Street giants, the very firms that precipitated the financial crisis, are doing better than ever. They are planning record bonuses while unemployment continues to soar and wages are declining at a rate not seen in decades.”

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“Herbert (“Safety Nets for the Rich,” October 20), adopts a populist tone, complaining, “Even as tens of millions of working Americans are struggling to hang onto their jobs and keep a roof over their families’ heads, the wise guys on Wall Street are licking their fat-cat chops over yet another round of obscene multibillion-dollar bonuses—this time thanks to the bailout billions that were sent their way by Uncle Sam, with very little in the way of strings attached.”

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Underlying both columns is the concern that the Obama administration’s promises of “hope” and “change” are increasingly perceived by those who voted for Obama as hollow phrases. Rich complains that Treasury Secretary Timothy Geithner is “tone deaf” and that “an air of entitlement” wafts from the administration.

People are beginning to feel that they have been duped into lending their support to a government that is unreservedly serving the interests of the banks. To the layer of the liberal establishment represented by Obama’s journalistic would-be advisers, the eruption of opposition to the Obama administration would be an unmitigated disaster.

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Obamanomics: How Barack Obama Is Bankrupting You and Enriching His


Wall Street Friends, Corporate Lobbyists, and Union Bosses




BY TIMOTHY P CARNEY





Editorial Reviews

Obama Is Making You Poorer—But Who’s Getting Rich?

Goldman Sachs, GE, Pfizer, the United Auto Workers—the same “special interests” Barack Obama was supposed to chase from the temple—are profiting handsomely from Obama’s Big Government policies that crush taxpayers, small businesses, and consumers. In Obamanomics, investigative reporter Timothy P. Carney digs up the dirt the mainstream media ignores and the White House wishes you wouldn’t see. Rather than Hope and Change, Obama is delivering corporate socialism to America, all while claiming he’s battling corporate America. It’s corporate welfare and regulatory robbery—it’s Obamanomics.

Congressman Ron Paul says, “Every libertarian and free-market conservative needs to read Obamanomics.” And Johan Goldberg, columnist and bestselling author says, “Obamanomics is conservative muckraking at its best and an indispensable field guide to the Obama years.”

If you’ve wondered what’s happening to America, as the federal government swallows up the financial sector, the auto industry, and healthcare, and enacts deficit exploding “stimulus packages,” this book makes it all clear—it’s a big scam. Ultimately, Obamanomics boils down to this: every time government gets bigger, somebody’s getting rich, and those somebodies are friends of Barack. This book names the names—and it will make your blood boil.

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Obama Is Making You Poorer—But Who’s Getting Rich?

Goldman Sachs, GE, Pfizer, the United Auto Workers—the same “special interests” Barack Obama was supposed to chase from the temple—are profiting handsomely from Obama’s Big Government policies that crush taxpayers, small businesses, and consumers.

Investigative reporter Timothy P. Carney digs up the dirt the mainstream media ignores and the White House wishes you wouldn’t see. Rather than Hope and Change, Obama is delivering corporate socialism to America, all while claiming he’s battling corporate America. It’s corporate welfare and regulatory robbery—it’s Obamanomics. In this explosive book, Carney reveals:

* The Great Health Care Scam—Obama’s backroom deals with drug companies spell corporate profits and more government control
* The Global Warming Hoax—Obama has bought off industries with a pork-filled bill that will drain your wallet for Al Gore’s agenda
* Obama and Wall Street—“Change” means more bailouts and a heavy Goldman Sachs presence in the West Wing (including Rahm Emanuel)
* Stimulating K Street—The largest spending bill in history gave pork to the well-connected and created a feeding frenzy for lobbyists
* How the GOP needs to change its tune—drastically—to battle Obamanomics

If you’ve wondered what’s happening to our country, as the federal government swallows up the financial sector, the auto industry, and healthcare, and enacts deficit exploding “stimulus packages” that create make-work government jobs, this book makes it all clear—it’s a big scam. Ultimately, Obamanomics boils down to this: every time government gets bigger, somebody’s getting rich, and those somebodies are friends of Barack. This book names the names—and it will make your blood boil.

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http://mexicanoccupation.blogspot.com/2011/06/obamanomics-rich-donors-get-richer-and.html

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OBAMA’S ONLY JOBS PLAN IS CALLED AMNESTY. HIS UNOFFICIAL VERSION IS CALLED BIT BY BIT BY BIT LA RAZA NON-ENFORCEMENT!

HERE’S WHAT IT REALLY LOOKS LIKE!








Gallup: Obama Hits All-Time Low Among Poor; Approval Comparatively Highest Among Rich

Thursday, June 30, 2011
By Terence P. Jeffrey

[President Barack Obama at the U.S. manufacturing headquarters of Cree, a maker of energy-efficient LED lighting, June 13, 2011. (AP photo/Carolyn Kaster)

(CNSNews.com) - President Barack Obama’s approval has hit an all-time low among the poorest Americans, according to the Gallup poll. Meanwhile, when compared to the other income brackets reported by Gallup, Obama's approval is highest among the richest Americans.

In the week of June 20-26--the most recent week published by Gallup--only 45 percent of Americans in the lowest income bracket reported by the polling company (those earning less than $2,000 per month) said they approved of the job Obama was doing as president.

Gallup publishes the president’s weekly approval numbers [2] among Americans in four income brackets: those earning less than $2,000 per month, those earning between $2,000 and $4,999 per month, those earning between $5,000 and $7,499 and those earning more than $7,500.

In Gallup's most recent survey, Obama had majority approval in none of these income brackets.

However, of the four, his approval was highest--47 percent--in the richest bracket, those earning more than $7,500 per month.

His approval rating last was 42 percent among those earning $2,000 to $4,999 per month and 43 percent among those earning $5,000 to $7,499 per month.

Prior to last week, when it hit an all-time low of 45 percent, Obama’s approval rating among the poorest bracket reported by Gallup had never dropped below 47 percent. It had hit that level twice: first in the week of Nov. 8-14, 2010; then again in the week of April 25-May 1.

In addition to being at an all-time low among the poorest Americans, Obama’s approval rating is also nearly at an all-time low among the next poorest group of Americans reported by Gallup, those who earn between $2,000 and $4,999 per month. The only time his approval among this group was lower than the 42 percent it was last week was in the week of Aug. 23-29, 2010, when it dropped to 41 percent.

According to Gallup, Obama’s highest approval rating among the poorest Americans came in the week of March 16-22, 2009, just two months after he was inaugurated and one month after he signed his $787-billion economic stimulus law. That week, his approval was 68 percent among Americans earning less than $2,000 per month.

In March 2009, the unemployment rate in the United States was 8.6 percent.  This month, it is 9.1 percent.


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