Monday, October 10, 2011

OBAMA & HIS CRIMINAL BANKSTERS

OBAMA IS A GREAT PERFORMER. HE’S BUILT HIS LA RAZA BASE OF ILLEGALS BY INFESTING HIS ADMINISTRATION WITH LA RAZA SUPREMACIST, AND MAKING SURE NO BANKSTER DONOR WENT TO PRISON!

IN FACT, THE REASON WHY OBAMA WANTED BILL DALEY AS CHIEF OF STAFF, WAS BECAUSE DALEY IS CONNECTED TO OBAMA’S BANKSTER DONORS, LIKE J.P. MORGAN, AND LIKE OBAMA, IS AN ADVOCATE FOR OPEN BORDERS TO KEEP WAGES DEPRESSED!
I WONDER IF ANY PRESIDENT IN HISTORY HAS HATED A NATION AS MUCH AS OBAMA?
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Obama attacks banks while raking in Wall Street dough
The Daily Caller – 18 hrs ago
Despite his rhetorical attacks on Wall Street, a study by the Sunlight Foundation’s Influence Project shows that President Barack Obama has received more money from Wall Street than any other politician over the past 20 years, including former President George W. Bush.
In 2008, Wall Street’s largesse accounted for 20 percent of Obama’s total take, according to Reuters.
When asked by The Daily Caller to comment about President Obama’s credibility when it comes to criticizing Wall Street, the White House declined to reply.
Former White House Press Secretary Ari Fleischer says the distance between the president’s rhetoric and actions makes him look hypocritical.
“It’s almost as if President Obama won’t cross across a Wall Street picket line except to get inside with [his] hand out, so he can raise money,” Fleischer told TheDC, referring to the Occupy Wall Street demonstrators who the president has been encouraging over the past week. “That sort of support causes him to look hypocritical.”
Fleischer continued by saying that President Obama and Democrats, such as New York Sen. Charles Schumer, who has received approximately $8.7 million from Wall Street since 1989, should stop taking campaign donations from Wall Street banks if they are so offended by their actions.
“They can’t say we hate Wall Street, but we love their money,” Fleischer said. (RELATED: White House: Millionaire tax isn’t enough)
Being Wall Street’s campaign cash king is hardly the image President Obama has been trying to project in public, where he has been setting himself up as the champion of the progressive Occupy Wall Street movement and as the avenger of jilted Bank of America customers.
“Banks can make money,” Obama said last week, responding to questions during an interview with ABC News about Bank of America’s decision to levy a $5 monthly fee on debit card users. “They can succeed, the old-fashioned way, by earning it.”
In fact, the Sunlight Foundation, a nonpartisan watchdog group that tracks lobbyist spending and influence in both parties, found that President Obama has received more money from Bank of America than any other candidate dating back to 1991.
An examination of the numbers shows that Obama took in $421,242 in campaign contributions in 2008 from Bank of America’s executives, PACs and employees, which exceeded its prior record contribution of $329,761 to President George W. Bush in 2004.
According to the Center for Responsive Politics, Wall Street firms also contributed more to Obama’s 2008 campaign than they gave to Republican nominee John McCain.
“The securities and investment industry is Obama’s second largest source of bundlers, after lawyers, at least 56 individuals have raised at least $8.9 million for his campaign,” Massie Ritsch wrote in a Sept. 18, 2008 entry on the Center for Responsive Politics’s OpenSecrets blog.
By the end of Barack Obama’s 2008 campaign, executives and others connected with Wall Street firms, such as Goldman Sachs, Bank of America, Citigroup, UBS AG, JPMorgan Chase, and Morgan Stanley, poured nearly $15.8 million into his coffers.
Goldman Sachs contributed slightly over $1 million to Obama’s 2008 presidential campaign, compared with a little over $394,600 to the 2004 Bush campaign. Citigroup gave $736,771 to Obama in 2008, compared with $320,820 to Bush in 2004. Executives and others connected with the Swiss bank UBS AG donated $539,424 to Obama’s 2008 campaign, compared with $416,950 to Bush in 2004. And JP Morgan Chase gave Obama’s campaign $808,799 in 2008, but did not show up among Bush’s top donors in 2004, according to the Center for Responsive Politics.
Obama’s close relationship with JP Morgan Chase was highlighted earlier this year when he tapped Bill Daley, a former top executive with the bank, to replace Rahm Emanuel as his chief of staff.
Wall Street’s generosity to Obama didn’t end with his 2008 campaign either. Wall Street donors contributed $4.8 million to underwrite Obama’s inauguration, according to a Jan. 15, 2009 Reuters report.
So far Wall Street has raised $7.2 million in the current electoral cycle for President Obama, according to the Center for Responsive Politics. Obama’s 2012 Wall Street bundlers include people like Jon Corzine, former Goldman Sachs CEO and former New Jersey governor; Azita Raji, a former investment banker for JP Morgan; and Charles Myers, an executive with the investment bank Evercore Partners.
“When he calls Wall Street bankers fat cats, then his base cheers, so you’ll see him constantly trying to shift back and forth, and keep Wall Street happy at one point and his base happy at another point,” Jim Moorehead, current crisis adviser at Steptoe & Johnson, LLP and a former Goldman Sachs investment banker, explained in a July interview with FoxNews.com.
The Republican National Committee echoed Fleischer’s comments in a statement to TheDC, similarly accusing the president of Wall Street hypocrisy.
“The president wants his cake and eat it too,” RNC spokeswoman Kirsten Kukowski wrote in an emailed statement. “It’s the height of hypocrisy for President Obama to demonize Wall Street on the stump while looking the other way as they line his campaign coffers.”
Politcal analyst Dr. Larry Sabato of the University of Virginia’s Center for Politics sums up Wall Street’s 2008 infatuation with Obama as having been more about wanting to back a winner than anything else.
“Two things have changed that. First, the economy is still rotten. Obama’s policies just haven’t worked — or at least not so anybody can tell,” Sabato said. “Second, Obama has to direct the public’s anger and frustration somewhere if he’s to have a decent chance of reelection.”
“There is a great deal of animosity still present in the general public about Wall Street and the banks,” he continued. “The more Obama scapegoats them, the less inclined they are to back him this time. You don’t get the votes and money of people you insult.”
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Robert Kuttner
Co-founder and co-editor, The American Prospect
Obama, Geithner, and the Next Financial Crisis
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Over the past few weeks, President Obama has at last "pivoted," in the widely used term, from emphasizing deficit reduction to focusing on jobs and taxation of millionaires. Spontaneous protest has done what the organized left failed to do; it has made Wall Street the appropriate target of diffuse economic frustrations. The labor movement has added its weight and institutional skills to these protests, and even President Obama has had some kind words for them.
Fox News and the Republicans have been usefully flummoxed, since it is awfully hard to rise to the defense of the Wall Street banks that caused the financial collapse and to retain credibility with anyone, even the Tea Party base.
But here comes the next phase of the financial crisis, and it will test President Obama's leadership like nothing else. It will also make or break the faltering credibility of Treasury Secretary Tim Geithner.
In recent days, it has become clear that several large banks, most notably Bank of America, are teetering. Though the backlash against the giant bank's proposed five-dollar-a-month charge for debit cards has gotten the headlines, this is the least of its problems. The profits from this new charge would be chump change measured against the bank's chasms of losses, the legacy of its ill-advised purchases of Countrywide Financial and Merrill Lynch in 2008.
Worried investors have driven Bank of America stock down to the range of 5 to 6 dollars a share. Bank of America's books are still glutted with non-performing mortgage loans, and a grand solution to the mortgage crisis seems further away than ever.
Meanwhile, Citigroup and Morgan Stanley with their large holdings of Greek government bonds are also in some jeopardy, which adds to the general crisis of confidence. The Federal Reserve has been throwing "liquidity," otherwise known as nearly interest-free money, at the banks as necessary, to keep inter-bank markets from freezing up as they nearly did in 2008.
As recently as three weeks ago, at a "Delivering Alpha" financial conference, Geithner assured his audience that despite the European crisis American banks were in great shape:
Our financial system -- because of the actions we took early in the crisis -- is in a much stronger position to deal with these new risks than it was before this crisis. Much, much stronger position. Way ahead of the rest of the world in terms of making sure they have a stronger financial foundation to handle any type of shock.
This has been Geithner's strategy since the earliest days of the crisis: work with the Federal Reserve to throw money at the big banks, resist fundamental changes in their business model, and talk up their solvency even in the face of contrary evidence.
Given the proprietary data that Geithner surely sees as Treasury Secretary, he must know that these words are wishful at best and downright deceptive at worst. If his assurances turn out to be so much baloney, then Geithner, President Obama's re-election chances, and the economy could all be in big trouble.
The fact is that European banks are functioning only because the European Central Bank in spite of its reluctance has been flooding the system with liquidity, and at least one U.S bank -- Bank of America -- is barely solvent and heavily reliant on the Fed.
If events turn critical again and we face a repeat risk of the seizing up of financial markets as in the fall of 2008, the Obama administration's rhetorical populist turn will be of no use. The president will need to make a fateful decision.
Worst of all would be to let a large institution like Bank of America just fail. Outside of the hard-core Tea Party right, nobody supports this.
The second worst policy would be to just keep throwing money at a zombie institution to keep up the pretense that it is solvent. We tried that policy in 2008 and 2009. It helped entrenched bankers keep their jobs and their outsized profits, but a wounded banking system continued to be a lead weight on the rest of the economy.
So now President Obama, if faced with a repeat crisis of large banks, may get a do-over.
In the spring of 2009, when the leading zombie bank was Citigroup, then chief economic adviser Larry Summers and Treasury Secretary Geithner took the position that they could not seize, clean out, and break up Citi because they lacked the legal authority or the tools to do it. It's also clear from several accounts, including my own A Presidency in Peril
and most recently Ron Suskind's new book Confidence Men that Summers and Geithner did not want to do it. According to Suskind, Obama himself wanted to break-up of Citi as his preferred option, and Geithner slow-walked the president until the issue was moot.
But the Dodd-Frank Act now gives the treasury secretary explicit authority to find that a large, systemically significant financial company is "in danger of default"; to designate the FDIC as receiver; and to seize, break up, and reorganize failing large banks. Though there is surely contingency planning for the collapse of a large bank, Geithner seems loathe to use his new authority.
So, consider three possible scenarios in coming days or weeks.
First scenario: the big banks, thanks to advances from the Federal Reserve, keep barely afloat. Geithner's credibility survives, but the real economy continues to be a shambles. This is not exactly auspicious, either for economically frustrated Americans or for an incumbent president facing re-election.
Second scenario: Investors keep fleeing Bank of America, the giant bank finds itself frozen out of short term lending markets as Lehman Brothers was, and the bank finally turns to the government for emergency aid. There is a new financial crisis in the headlines, and it falls in on President Obama and his Treasury Secretary, who was been reassuring everyone that all is well with the large banks.
Third scenario: President Obama decides to get other opinions besides Geithner's and to get out ahead of the crisis. If things turn critical, he directs his Treasury Secretary to seize the bank, as authorized by the Dodd-Frank Act. Obama tells the citizenry that the alternative was endless bailouts or a Lehman-style collapse (just imagine the right trying to defend either), and that this way those who caused the crisis will be appropriately removed from their suites and bonuses while the bank is returned to health so that the broad economy can prosper.
Serious consideration of this last approach would take much more of a "pivot" on Obama's part than we have seen to date. I recall, in reading biographies of Presidents Kennedy and Roosevelt, how both leaders sought multiple sources of advice. Kennedy would pick up the phone and speak to a relatively junior desk officer at the State Department to get his own information unfiltered by his gatekeepers. Roosevelt made sure he had direct access to multiple advisers who disagreed with each other. But Geithner has been astute at blocking access to the president for others who have different views, and Obama has been startlingly incurious and compliant. The man needs to get on the phone.
It also happens that Bank of America is headquartered in Charlotte, North Caroline, site of the 2012 Democratic National Convention, and the bank is expected to be one of the convention's top-tier corporate sponsors. Oh, my. Moving to resolve and break up the bank under Dodd-Frank, should it prove to be insolvent, would take uncharacteristic nerve.
In September 2008, the financial collapse fell in on George W. Bush and won the election for Barack Obama. A repeat collapse, if handled badly, would fall in squarely on Obama.
Populist rhetoric when angry people are in the streets demanding accountability for bankers is a start, but talk is cheap. If the banking mess turns critical again, we will see what this president has learned, and what he is made of.
Robert Kuttner is co-editor of The American Prospect and a senior fellow at Demos. His latest book is A Presidency in Peril.

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OBAMA HAS TWO AGENDAS. SERVICING BANKSTER DONORS, AND PUSHING OUR BORDERS OPEN FOR MORE ILLEGALS. HE KNOW WE WON’T BE PUNKED BY HIS PERFORMANCES THE SECOND TIME AROUND!
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“Records show that four out of Obama's top five contributors are employees of financial industry giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207) and Citigroup ($358,054).”
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An initial term sheet outlining a possible settlement emerged in March, with institutions including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo being asked to pay about $20 billion that would go toward loan modifications and possibly counseling for homeowners.
In exchange, the attorneys general participating in the deal would have agreed to sign broad releases preventing them from bringing further litigation on matters relating to the improper bank practices.

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ONE REASON WHY DALEY WAS ASKED TO JOIN OBAMA’S LA RAZA INFESTED ADMINISTRATION IS BECAUSE HE EMBRACES OBAMA’S OPEN BORDERS AGENDA TO KEEP WAGES DEPRESSED WITH HORDES OF ILLEGALS HOPING OUR BORDERS AND JOBS.

(Bloomberg) -- President Barack Obama is considering naming William Daley, a JPMorgan Chase & Co. executive and former U.S. Commerce secretary, to a high-level administration post, possibly White House chief of staff, people familiar with the matter said.
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YOU HAVE TO BE A BANKSTER OR LA RAZA SUPREMACIST FOR OPEN BORDERS TO WORK IN OBAMA’S CORRUPT WHITE HOUSE.

FROM CREOLE FOLKS

Obama Seeks Brother of "Chicago Mob Boss" for Top White House Post
The roaches and con-artist, fake journalist on cable news are all lying about William Daley being all this and all that, this man is an open borders, down with America, free trade globalist. MSNBC and Greta "the Scientology" Van Susteren from Fox News are knowingly deceiving the public about D. Issa & his letter to "business owners"=which they made into such a BIG DAM DEAL, but no one says anything when Barrack Hussein Obama, comes around with all of these shady bankers, hedge fund managers and Wall St. Tycoons, which he puts in his cabinet. All of Obama's meeting with Wall Street asking, "What can I do for you?" is never something covered by Keith Oberman or Rachel Maddow.
(Bloomberg) -- President Barack Obama is considering naming William Daley, a JPMorgan Chase & Co. executive and former U.S. Commerce secretary, to a high-level administration post, possibly White House chief of staff, people familiar with the matter said.

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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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Praise for Obamanomics
“The notion that ‘big business’ is on the side of the free market is one of progressivism’s most valuable myths. It allows them to demonize corporations by day and get in bed with them by night. Obamanomics is conservative muckraking at its best. It reveals how President Obama is exploiting the big business mythology to undermine the free market and stick it to entrepreneurs, taxpayers, and consumers. It’s an indispensable field guide to the Obama years.”
—Jonha Goldberg, LA Times columnist and best-selling author
“‘Every time government gets bigger, somebody’s getting rich.’ With this astute observation, Tim Carney begins his task of laying bare the Obama administration’s corporatist governing strategy, hidden behind the president’s populist veneer. This meticulously researched book is a must-read for anyone who wants to understand how Washington really works.”
—David Freddoso, best-selling author of The Case Against Barack Obama
“Every libertarian and free-market conservative who still believes that large corporations are trusted allies in the battle for economic liberty needs to read this book, as does every well-meaning liberal who believes that expansions of the welfare-regulatory state are done to benefit the common people.”
—Congressman Ron Paul
“It’s understandable for critics to condemn President Obama for his ‘socialism.’ But as Tim Carney shows, the real situation is at once more subtle and more sinister. Obamanomics favors big business while disproportionately punishing everyone else. So-called progressives are too clueless to notice, as usual, which is why we have Tim Carney and this book.”
—Thomas E. Woods, Jr., best-selling author of Meltdown and The Politically Incorrect Guide™ to American History
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• Hardcover: 256 pages
• Publisher: Regnery Press (November 30, 2009)
• Language: English
• ISBN-10: 1596986123
• ISBN-13: 978-1596986121

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MEXICANOCCUPATION.blogspot.com
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http://www.MEXICANOCCUPATION.blogspot.com

http://www.FAIRUS.org

http://www.JUDICIALWATCH.org

http://www.ALIPAC.us

Issa: Holder being 'disingenuous' on Fast and Furious program - The Hill's Video

Issa: Holder being 'disingenuous' on Fast and Furious program - The Hill's Video


WIKI LEAKS EXPOSES OBAMA’S OPEN BORDERS AGENDA – BUILDING A BORDERLESS TERRITORY WITH NARCOMEX:

http://mexicanoccupation.blogspot.com/2011/05/wikileaks-exposed-obamas-la-raza-open.html

Minneapolis protesters continue occupation of county government center

Minneapolis protesters continue occupation of county government center

Anti-Wall Street protesters rally in Norfolk, Virginia

Anti-Wall Street protesters rally in Norfolk, Virginia

U. S. THIRD WORLD JOBS CENTER - DEMS CONTINYE TO SABOTAGE E-VERIFY TO PUT LA RAZA IN OUR JOBS! OPEN BORDERS IS ALL ABOUT KEEPING WAGES DEPRESSED!

THE ONLY “JOBS” PLAN THE DEMOCRATS HAVE EVER HAD IS CALLED AMNESTY!
THEY FIGHT E-VERIFY DAILY!

IN MEX INFESTED LOS ANGELES, NEARLY HALF OF ALL JOBS ARE HELD BY LA RAZA USING STOLEN SOCIAL SECURITY NUMBERS!

GETTING RID OF ILLEGALS WOULD END THE MEX WELFARE STATE, MEX GANG MURDER, AND THE UNEMPLOYMENT CRISIS… BUT THEN EMPLOYERS MIGHT HAVE TO PAY LIVING WAGES!

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http://mexicanoccupation.blogspot.com/2011/09/e-verify-la-raza-democrats-war-on.html
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US becomes a center of poverty-wage manufacturing

29 September 2011

Earlier this month, the World Socialist Web Site reported that production workers are now being hired at $12 an hour at Volkswagen's Chattanooga, Tennessee plant, and that BMW has opened a new assembly line in Spartanburg, South Carolina that employs mostly contract workers earning $15 per hour.

These wages, among the lowest for autoworkers anywhere in the developed world, are the result of the unrelenting assault on living standards of American workers over the last three decades. This has reached new heights since the outbreak of the financial crisis in 2008.

With the full backing of the Obama administration, US and foreign-based corporations are exploiting levels of mass unemployment and poverty not seen since the Great Depression in order to transform the US into a cheap labor platform in direct competition with Mexico, China and other low-wage countries.

Tennessee, like nearly half of all US states, has an unemployment rate hovering around 10 percent, and its real jobless rate is probably double. When Volkswagen began taking applications for 1,700 jobs in Chattanooga, it received over 65,000 responses in the first three weeks. On the basis of cutting labor costs by at least a third at its US factory, Volkswagen is able to sell cars for $7,000 less than comparable models made in Germany.

Aided by the plummeting dollar, the wage gap between American workers and their brutally exploited counter-parts in Mexico and Asia is increasingly being narrowed. Asked by a New York Times columnist why Siemens chose to build a new plant in Charlotte, North Carolina instead of China, a spokesman said that for highly skilled work, the labor cost differential wasn’t very big. “For this kind of manufacturing,” he said, “the US can compete with China.”

The lowering of wages is a key part of Obama administration’s goal of doubling US exports by 2015. While doing nothing to alleviate the jobs crisis, the administration spearheaded the drive to cut wages during the forced bankruptcies and restructuring of General Motors and Chrysler in 2009.

Using the threat of liquidation, the White House demanded the expansion of near poverty wages throughout the industry, stripped workers of the right to strike and demanded labor costs be kept in line with the Asian and European manufacturers operating non-union factories in the South. This has resulted in booming profits for the US-based automakers, which have, in turn, refused to provide any wage increases to workers while shoveling out tens of millions in executive bonuses.

Far from defending the interests of workers, the United Auto Workers has facilitated the systematic lowering of wages. The recent agreement signed by the UAW will increase hourly labor costs for GM by only 1 percent annually, the smallest amount in the past four decades. This includes plans to sharply expand the number of low-paid tier-two workers whose current $15 an hour wage brings them on par with workers at Volkswagen’s Chattanooga plant.

For decades, the UAW and other unions screamed about workers in low-wage countries “taking American jobs.” Now UAW President Bob King is boasting that GM has shifted production from Mexican plants back to UAW-represented factories in Michigan and other states.

The low-wage benchmark set by the UAW has unleashed a competitive struggle to lower wages throughout the global auto industry. European workers are now being told they must accept American-style wage concessions and “labor flexibility” or their plants will be closed. As the WSWS noted earlier this month, the same year BMW announced it would move production of its X3 sports-utility vehicle to Spartanburg, South Carolina, it announced 5,000 layoffs in Germany.

The severe decline in living standards for the auto workers is particularly striking because they have historically been the highest paid industrial workers in the US, making so-called “middle class wages.” But the experience of plummeting pay and casual labor conditions is common to every section of the working class in what has become the “new normal” in America.

Since the start of the economic downturn, wages have been in free fall, and there is no prospect for any recovery of the jobs market. According to a census report released earlier this month, real median household income fell 2.3 percent ($1,154) last year and 7.1 percent below the rate reached a decade ago. Young workers have been particularly hard hit, with more than a third of all households headed by a parent under thirty living in poverty in 2010.

The explosion of poverty over the last three years—along with home foreclosures, homelessness, hunger and the growing number of uninsured—takes place alongside the accumulation of fantastic levels of wealth by the financial aristocracy that controls the economy and political system.

These intolerable conditions can only be stopped through the collective resistance of the working class. New organizations of struggle, independent of the UAW and other anti-labor organizations, must be built to spearhead an industrial and political struggle by every section of the working class—union and non-union, manufacturing and service, at US and foreign-owned companies. In every factory, office, and store, workers should set up committees to plan and organize collective resistance to wage cuts and layoffs.

Such a fight requires an entirely new political perspective. The national chauvinism and race to the bottom promoted by the trade unions and the big business parties must be rejected so that US workers can consciously unite their struggles with workers in Europe, Asia and Latin America.

It is necessary to understand that this is a battle not simply against this or that employer but the entire capitalist system, which is impoverishing the majority of the world’s population in order to enrich the wealthy few. In every country, the political parties and trade unions defend the profit system and are complicit in the looting of society by the corporate and financial aristocracy.

In the US, the Obama administration has demonstrated that the Democratic Party, no less than the Republican, is a tool of Wall Street and the corporations, determined to gut living standards and slash vitally necessary social programs.

The working class must build a mass political party to fight to take power in its own hands. The economic dictatorship of the banks and big corporations must be broken and economic life reorganized to meet the interests of the masses of working people who create society’s wealth.

The Socialist Equality Party calls for the transformation of the major financial and industrial concerns, including the auto industry, into publicly owned utilities. Capitalism must be replaced with a planned and rational system based on social need, not the profits of billionaires. Only then can the right to a job and a decent wage be secured for all people.

Andre Damon

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LA RAZA SUPREMACIST HILDA SOLIS, SEC. OF DEPT OF LABOR.
Michelle Malkin

LA RAZA HILDA SOLIS - The U.S. Department of Illegal Alien Labor

President Obama's Labor Secretary Hilda Solis is supposed to represent American workers. What you need to know is that this longtime open--borders sympathizer has always had a rather radical definition of "American." At a Latino voter registration project conference in Los Angeles many years ago, Solis asserted to thunderous applause, "We are all Americans, whether you are legalized or not."
That's right. The woman in charge of enforcing our employment laws doesn't give a hoot about our immigration laws ---- or about the fundamental distinction between those who followed the rules in pursuit of the American dream and those who didn't.

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FROM JUDICIAL WATCH .org
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Labor Secretary Pledges Help For Illegal Workers
Last Updated: Tue, 06/22/2010 - 11:00am
Two months after the Department of Labor launched a special program to assist and protect illegal immigrants in the U.S. the Obama cabinet official who heads the agency is personally encouraging undocumented workers to report employers that don’t pay them fairly.
In a Spanish-language public service announcement, Labor Secretary Hilda Solis assures that “every worker in America has a right to be paid fairly, whether documented or not.” Illegal aliens who are not getting fair wages are encouraged to call a new hotline set up by the agency on a new “Podemos Ayudar” (We Can Help) web page designed to administer worker protection laws and ensure that employees are properly paid “regardless of immigration status.”
In the short video, also posted in English, Solis tells illegal immigrants that it’s a “serious problem” when workers in this country are not paid fairly and that all workers have the right to receive their salary regardless of immigration status. She encourages those who are not to call the new hotline and assures it’s free and confidential. “Podemos ayudar,” (we can help), Solis guarantees at the end of the brief segment.
The Labor Secretary’s new message is part of a campaign launched a few months ago to help illegal immigrant workers in the U.S., who she refers to as “vulnerable” and “underpaid.” At least 1,000 new field investigators have been deployed to reach out to Latino laborers in areas with large numbers of illegal alien employees and the agency will focus on enforcing labor and wage laws in industries that typically hire lots of illegal aliens without reporting anyone to federal immigration authorities.
For a government agency to protect law breakers in this fashion may seem unbelievable but not if you consider the source. A Former California congresswoman, Solis has close ties to the influential La Raza movement that advocates open borders and rights for illegal immigrants. She made the protection of undocumented workers a major priority upon being named Labor Secretary, assuring illegal aliens that “if you work in this country, you are protected by our laws.”

"While the declining job market in the United States may be discouraging some would-be border crossers, a flow of illegal aliens continues unabated, with many entering the United States as drug-smuggling "mules."

WALL ST WAR ON OUR JOBS MEANS GREATER LA RAZA SUPREMACY!

AMERICAN REALLY ON HAS TWO ENEMIES. THE MEXICAN FASCIST PARTY of LA RAZA, WHICH NOW OCCUPIES LOS ANGELES AT OUR EXPENSE, AND WALL ST.

THERE IS A REASON WHY MOST OF THE FORTUNE 500 ARE GENEROUS DONORS TO THE MEXICAN SUPREMACIST MOVEMENT.
THERE IS A REASON WHY THE CORPORATE SUPREMACIST U.S. CHAMBER of COMMERCE WANTS AMNESTY, NO BORDERS, AND NO E-VERIFY! IT’S ALL ABOUT KEEPING WAGES DEPRESSED WITH HORDES OF ILLEGALS!
LOS ANGELES COUNTY, THE MEX GANG CAPITAL OF AMERICAN, PAYS OUT $600 MILLION IN WELFARE TO ILLEGALS!
MAYOR ANTONIO VILLARAIGOSA IS A RACIST MEXICAN (M.E.Ch.A.) LA RAZA SUPREMACIST THAT THINKS HE HAS ENOUGH OF THE ILLEGALS’ VOTES TO RUN FOR GOVERNOR!

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The danger, as Washington Post economics columnist Robert Samuelson argues, is that of “importing poverty” in the form of a new underclass—a permanent group of working poor.

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http://mexicanoccupation.blogspot.com/2011/09/us-center-of-poverty-wage-manufacturing.html

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Occupy LA protests enter second week
By the WSWS reporting team
10 October 2011
The Occupy LA encampment at Los Angeles City Hall’s north lawn completed its first week Friday. Several hundred people were present as protesters lined the block with signs denouncing the “one percent” super-wealthy and calling for justice for the 99 percent.
Although not large by the standards of some of the other protests, the encampment encompassed a wide variety of people impacted by the economic crisis: students caught in the squeeze of tuition increases, heavily indebted graduates unable to find work in their fields, the underemployed and the unemployed, and other workers.
Local Democrats and union officials have begun to mouth support for the Occupy LA protests. The purpose of their presence is to make the protests innocuous to the financial oligarchy which the Democratic Party as well as the Republican Party serves.
Last Thursday, the Alliance of Californians of Community Empowerment (ACCE) and the Service Employees International Union (SEIU) joined Occupy LA protesters in a march whose main slogan was “Make the Banks Pay!” Police arrested eleven protesters.
Both the ACCE and the SEIU supported Obama’s election and continue their unabated support for his policies, including his “American Jobs Act.”
A World Socialist Web Site reporting team talked to some of the protesters.
Nick, who has worked as a psychiatric nurse, came to LA from Riverside. He said, “I’m here to let people know we’re getting ripped off by the big banks and corporations, by politicians who aren’t on our side, who are rubbing elbows with the same people raking in the dough.
“What would make me happy is if this movement would bring forward the real issues that are affecting this country, that our media and everything you read in the papers don’t tell you. If they do mention it, it’s just a blip on the screen and it’s gone and you never hear about it again.”
The WSWS asked Nick what he thought the Occupy Wall Street actions had accomplished and what he believed the next step should be. “I think that it’s a victory if the people get the message loud enough that our political leaders have to answer to questions that we’re asking. I don’t have all the answers. I don’t know where this will lead because every day kind of turns and transforms and that’s what we are, trying to culminate an idea, a singular approach to get the world on our side.”
Antonio is a student at UC Davis who comes from a working class immigrant family. “I agree with most of it, what’s going on here, I mean against the whole elitist point of view,” he said. “I’m clearly against that, coming from a working family like most of us, and we have come here in a sense of solidarity.
“My parents are really hard workers. They came to this country with nothing really, as immigrants, and now they have two houses. My father only takes breaks on Sundays, that’s every other Sunday. He’s a truck driver. I guess I’m really mostly here for them. It’s a struggle in this society.
“The students right now can attest to it that they’re paying increased tuition every year. It’s gone by quarter now for ridiculous amounts. They started with 32 percent, now it’s heading up to 80 percent. It keeps growing exponentially.
“As of now, the Cal Grants system covers a lot of people, all working class individuals, but I see it in the future that Cal Grants is not going to be enough, and it’s going to come to the point where people won’t be going to college anymore, future workers’ sons and daughters. It’s intentional. It’s class warfare.”
The WSWS asked Antonio about the declarations of the “nonpolitical” nature of the Occupy Wall Street movement. “I think everything’s political,” he said. “Just not being political is political in itself… I don’t really agree with the whole consensus thing. I mean, all of the people are not being represented but rather tokenized in some respects.
“I like your web site; I heard about it at UC Davis. It is one of the web sites I consult.”
Antonio related an experience regarding the state of the unions. “The union heads are getting very comfortable with their positions,” he said. “I was at a [United Farm Workers] rally in Sacramento. Dolores Huerta went up on stage. She’s a fossil of the movement now. Her policy has become outdated. Even Cesar Chavez, I disagreed with him because he used to call on Immigration to go after undocumented workers.
“She was saying, ‘The Democrats will bring us justice,’ and they actually booed her off the stage!”
Samantha recently graduated with a degree in art. She has been getting by on freelance work. “I think everyone’s been affected, even people who ignore what’s going on have been affected some way and being aware of that is an important part of being a citizen of this country.
“I think that in a country where 99 percent of it is controlled by 1 percent, it’s obviously some kind of pyramid scheme and any country where that happens there’s something wrong.”
The WSWS asked Samantha about what impact the protests would have. “I think that demonstrations make people aware that a change definitely needs to be in order. I think if people just get out and try to change the system from the inside, just participating in politics, representing their city, it’s a start in the right direction.”
Regarding the two-party system, she added, “It’s not a two-party system! With all the lobbyists and stuff like that, it’s one party--different names, but it’s all one. I really would like to see the breakup of the system, but the change that needs to come about, offhand, I just don’t know. I just know to go in a certain direction and see what we can get from there. I think we need to change this from a plutocracy back to a democracy.
“I don’t believe anything you do is nonpolitical. Everybody here is trying to get a change and the only change we’ll be able to do is politically. I think that people don’t want to associate that with politics because politics is a very, very bad reference.”
Justin came to the protest for the first time on Saturday, mostly to observe. However, he has several years of experience in political activism. “This is my first day here. I live in Long Beach. I’m a student, I’m going back to school. I’ve been unemployed for about seven years, just kind of earning money teaching languages and tutoring people, trying to make ends meet. I moved back in with my family for the first time in ten years.
“We need real leaders, we need real ideology, we need real policy in order to get ourselves to a solution to focus around. I hope we get a real mass consensus, that 60 percent of the population that doesn’t participate in the electoral process, really activate the lower 80 percent, get them involved and get them in on this discussion. I think truth will prevail, I think people will understand as we implement more and more solutions and address more of the crisis.”
The WSWS asked about Justin’s view of Obama and the Democrats. “I think it’s just the other head of the same beast,” he said. “I’ve been involved with the Democratic Party very actively for the past 6-7 years, on the left of the Democratic Party, mostly to investigate what kind of potential is there to move, and I’ve determined that it’s pretty pathetic and I don’t waste my time anymore with them.”
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GET ON WSWS.org FREE – NO ADS E-NEWS!
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JOE LEGAL AMERICAN vs LA RAZA JOSE ILLEGAL: Joe Legal Still Gets the Tax Bills To Pay For the LA RAZA Welfare State!
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http://mexicanoccupation.blogspot.com/2011/05/joe-american-legal-vs-la-raza-jose.html
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THE ENTIRE REASON THE BORDERS ARE LEFT OPEN IS TO CUT WAGES!


“We could cut unemployment in half simply by reclaiming the jobs taken by illegal workers,” said Representative Lamar Smith of Texas, co-chairman of the Reclaim American Jobs Caucus. “President Obama is on the wrong side of the American people on immigration. The president should support policies that help citizens and legal immigrants find the jobs they need and deserve rather than fail to enforce immigration laws.”
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THE ONLY OBJECTIVE OF THE DEMOCRATIC PARTY IS TO PUT AN ILLGAL IN EVERY JOB, AND EVERY VOTING BOOTH.

HAVEN'T THEY DONE THAT?


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WATCH THE LA RAZA DEMS FIGHT HARD AGAINST E-VERIFY ON BEHALF OF THEIR LA RAZA PARTY BASE! VIVA LA RAZA LOOTING? THE DEMS DO IT EVERY DAY!
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http://mexicanoccupation.blogspot.com/2011/09/e-verify-la-raza-democrats-war-on.html
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Impeach Obama Petition and Protests Website
http://www.AgainstAmnesty.com
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FROM JUDICIAL WATCH
http://www.judicialwatch.org/blog/2011/jun/nclr-funding-skyrockets-after-obama-hires-its-vp
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US becomes a center of poverty-wage manufacturing
29 September 2011
Earlier this month, the World Socialist Web Site reported that production workers are now being hired at $12 an hour at Volkswagen's Chattanooga, Tennessee plant, and that BMW has opened a new assembly line in Spartanburg, South Carolina that employs mostly contract workers earning $15 per hour.
These wages, among the lowest for autoworkers anywhere in the developed world, are the result of the unrelenting assault on living standards of American workers over the last three decades. This has reached new heights since the outbreak of the financial crisis in 2008.
With the full backing of the Obama administration, US and foreign-based corporations are exploiting levels of mass unemployment and poverty not seen since the Great Depression in order to transform the US into a cheap labor platform in direct competition with Mexico, China and other low-wage countries.
Tennessee, like nearly half of all US states, has an unemployment rate hovering around 10 percent, and its real jobless rate is probably double. When Volkswagen began taking applications for 1,700 jobs in Chattanooga, it received over 65,000 responses in the first three weeks. On the basis of cutting labor costs by at least a third at its US factory, Volkswagen is able to sell cars for $7,000 less than comparable models made in Germany.
Aided by the plummeting dollar, the wage gap between American workers and their brutally exploited counter-parts in Mexico and Asia is increasingly being narrowed. Asked by a New York Times columnist why Siemens chose to build a new plant in Charlotte, North Carolina instead of China, a spokesman said that for highly skilled work, the labor cost differential wasn’t very big. “For this kind of manufacturing,” he said, “the US can compete with China.”
The lowering of wages is a key part of Obama administration’s goal of doubling US exports by 2015. While doing nothing to alleviate the jobs crisis, the administration spearheaded the drive to cut wages during the forced bankruptcies and restructuring of General Motors and Chrysler in 2009.
Using the threat of liquidation, the White House demanded the expansion of near poverty wages throughout the industry, stripped workers of the right to strike and demanded labor costs be kept in line with the Asian and European manufacturers operating non-union factories in the South. This has resulted in booming profits for the US-based automakers, which have, in turn, refused to provide any wage increases to workers while shoveling out tens of millions in executive bonuses.
Far from defending the interests of workers, the United Auto Workers has facilitated the systematic lowering of wages. The recent agreement signed by the UAW will increase hourly labor costs for GM by only 1 percent annually, the smallest amount in the past four decades. This includes plans to sharply expand the number of low-paid tier-two workers whose current $15 an hour wage brings them on par with workers at Volkswagen’s Chattanooga plant.
For decades, the UAW and other unions screamed about workers in low-wage countries “taking American jobs.” Now UAW President Bob King is boasting that GM has shifted production from Mexican plants back to UAW-represented factories in Michigan and other states.
The low-wage benchmark set by the UAW has unleashed a competitive struggle to lower wages throughout the global auto industry. European workers are now being told they must accept American-style wage concessions and “labor flexibility” or their plants will be closed. As the WSWS noted earlier this month, the same year BMW announced it would move production of its X3 sports-utility vehicle to Spartanburg, South Carolina, it announced 5,000 layoffs in Germany.
The severe decline in living standards for the auto workers is particularly striking because they have historically been the highest paid industrial workers in the US, making so-called “middle class wages.” But the experience of plummeting pay and casual labor conditions is common to every section of the working class in what has become the “new normal” in America.
Since the start of the economic downturn, wages have been in free fall, and there is no prospect for any recovery of the jobs market. According to a census report released earlier this month, real median household income fell 2.3 percent ($1,154) last year and 7.1 percent below the rate reached a decade ago. Young workers have been particularly hard hit, with more than a third of all households headed by a parent under thirty living in poverty in 2010.
The explosion of poverty over the last three years—along with home foreclosures, homelessness, hunger and the growing number of uninsured—takes place alongside the accumulation of fantastic levels of wealth by the financial aristocracy that controls the economy and political system.
These intolerable conditions can only be stopped through the collective resistance of the working class. New organizations of struggle, independent of the UAW and other anti-labor organizations, must be built to spearhead an industrial and political struggle by every section of the working class—union and non-union, manufacturing and service, at US and foreign-owned companies. In every factory, office, and store, workers should set up committees to plan and organize collective resistance to wage cuts and layoffs.
Such a fight requires an entirely new political perspective. The national chauvinism and race to the bottom promoted by the trade unions and the big business parties must be rejected so that US workers can consciously unite their struggles with workers in Europe, Asia and Latin America.
It is necessary to understand that this is a battle not simply against this or that employer but the entire capitalist system, which is impoverishing the majority of the world’s population in order to enrich the wealthy few. In every country, the political parties and trade unions defend the profit system and are complicit in the looting of society by the corporate and financial aristocracy.
In the US, the Obama administration has demonstrated that the Democratic Party, no less than the Republican, is a tool of Wall Street and the corporations, determined to gut living standards and slash vitally necessary social programs.
The working class must build a mass political party to fight to take power in its own hands. The economic dictatorship of the banks and big corporations must be broken and economic life reorganized to meet the interests of the masses of working people who create society’s wealth.
The Socialist Equality Party calls for the transformation of the major financial and industrial concerns, including the auto industry, into publicly owned utilities. Capitalism must be replaced with a planned and rational system based on social need, not the profits of billionaires. Only then can the right to a job and a decent wage be secured for all people.
Andre Damon

Occupy LA protests enter second week

Occupy LA protests enter second week

New York: Kentucky college students send delegation to Wall Street protest

New York: Kentucky college students send delegation to Wall Street protest

Protests building momentum as they enter fourth week

Protests building momentum as they enter fourth week