OBAMA & HIS CRIMINAL WALL ST LOOTERS - HE'S NOTHING MORE THAN BUSH' THIRD TERM!

“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

Wall Street speculators continue to rake in billions

6 March 2012


Three and a half years after the eruption of the financial crisis, the Wall Street speculators responsible for the crash continue to rake in billions of dollars while benefiting from ongoing government bailouts and a de facto amnesty for their crimes.


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NO PRESIDENT IN HISTORY HAS ASSAULTED THE AMERICAN WORKER ON BEHALF OF WALL ST’S GREED, THAN BARACK OBAMA! ONE WAY HE DOES THIS IS TO ASSURE EMPLOYERS OF ILLEGALS HORDES OF ILLEGALS AND SABOTAGE OF E-VERIFY!


OBAMA’S CRONY CAPITALISM, A LOVE STORY BETWEEN THE ACTOR PRESIDENT, AND HIS BANKSTER DONORS!


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).

Wall Street speculators continue to rake in billions

6 March 2012

Three and a half years after the eruption of the financial crisis, the Wall Street speculators responsible for the crash continue to rake in billions of dollars while benefiting from ongoing government bailouts and a de facto amnesty for their crimes.

The 40 highest-earning hedge fund managers took home a combined $13.2 billion last year, with the top 10 averaging more than $200 million each, according to a survey published last week by Forbes magazine.

Raymond Dalio, the head of Bridgewater Associates, the world’s largest hedge fund, made $3 billion. Close behind was James Simons of Renaissance Technologies, who took in $2.1 billion. Third was the well-known corporate raider Carl Icahn, who pocketed $2 billion.

Dalio’s pay nearly equals this year’s $3.5 billion federal budget for home heating assistance. The Obama administration has cut the program by $1.5 billion since 2010 on the grounds that “there is no money” to keep the poor from freezing.

The government policies that have enabled financial parasites to continue to cash in despite the worst economic crisis since the Great Depression are exemplified by the case of the insurance giant American International Group (AIG). Andrew Ross Sorkin of the New York Times reported last week that the company, which received over $182.3 billion in taxpayer funds at the time of the bank bailout, was given a tax windfall of $17.7 billion last year.

This enabled the company—whose lucrative business speculating in credit default swaps played a central role in the financial meltdown—to report a fourth-quarter 2011 profit of $19.8 billion. “The tax benefit is notable for more than simply its size,” Sorkin wrote. “It is the result of a rule that the Treasury unilaterally bent for AIG and several other hobbled companies in 2008 that has largely been overlooked.”

That tax dodge will allow AIG to pay no taxes this year and likely for the next decade. It will also enable AIG traders and executives to boost their bonuses, including CEO Robert H. Benmosche, who has been granted millions of dollars in stock options since 2009.

In 2009, when multimillion-dollar bonuses at the firm sparked a public furor, Obama intervened to scuttle bills in Congress to limit executive compensation at Wall Street firms that received taxpayer bailouts.

Not only has the Obama administration continued to bankroll the corporate criminals who precipitated the global crisis, it has shielded them from prosecution for their actions. So brazen is this whitewash, a few voices within the political establishment are calling for at least token legal moves to assuage popular indignation.

Phil Angelides, who headed the Financial Crisis Inquiry Commission, one of two major government inquiries into the causes of the financial crisis, published an op-ed column last Friday in the New York Times complaining of the refusal of the Obama administration to investigate and indict the financial criminals.

He summed up the state of affairs as follows: “Claims of financial fraud against companies like Citigroup and Bank of America have been settled for pennies on the dollar, with no admission of wrongdoing. Executives who ran companies that made, packaged and sold trillions of dollars in toxic mortgages and mortgage-backed securities remain largely unscathed.”

Angelides’ commission published a voluminous report last year documenting rampant fraud and criminality in the creation and marketing of toxic mortgage-backed securities. This led to the bursting of the housing bubble and collapse of the US and international financial markets.

The Senate committee published a similar report. Both cited specific securities and particular executives and, as Angelides wrote, “both entities referred potential violations of law to the Justice Department.”

The Obama Justice Department responded by doing nothing and the two reports were buried by the media.

It is little wonder that JPMorgan Chase CEO Jamie Dimon could declare at an investors’ conference last week, “We had record profits this year, last year, and I’ll be damned if we don’t have record profits in the next year or two.”

These facts are further proof of the dictatorship exercised by the financial aristocracy over the entire political system, including both major parties. The Obama administration, packed with Wall Street figures, including the former president of the New York Federal Reserve and current treasury secretary, Timothy Geithner, is itself an instrument of this oligarchy.

The working class can put an end to the plundering of society by the super-rich and secure its basic social rights—to decent-paying jobs, health care, education, housing, a secure retirement—only by mobilizing its strength against the Obama administration, the two parties of Wall Street, and the ruling elite whose interests they defend. This means fighting for a socialist program to break the grip of the financial oligarchs, expropriate their fortunes, and place the corporations and banks under the common ownership and democratic control of the working people.

Andre Damon

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, “Obamanomicsis 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



WHO REALLY PAYS FOR THE MEXICAN INVASION AND WALL ST'S LOOTING?

WE DO!

HERE'S THE ASSAULT ON THE AMERICAN WORKER IN MEXIFORNIA:

http://mexicanoccupation.blogspot.com/2012/03/la-raza-dem-california-governor-browns.html

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THE HISPANDERING PRESIDENT PROMISES ILLEGALS OUR JOBS, DREAM ACTS, A BORDERLESS UNION WITH NARCOMEX, AND LA RAZA SUPREMACY!

 http://mexicanoccupation.blogspot.com/2012/03/will-obama-get-illegals-votes-again.html