FROM ARTICLE LINK ABOVE:
US corporations made $1.98 trillion after taxes for the three-month period July through September, up from 1.92 trillion in the second quarter and 1.90 trillion in the first. The rise in profits was led by financial corporations, whose earnings rose by $71.3 billion. Profits for non-financial corporations, by contrast, fell by $1 billion.
How are record profits being posted in the midst of mass unemployment and an economic catastrophe for tens of millions of people? By means, in the first instance, of a relentless attack on workers’ wages, benefits and working conditions being carried out by big business with the support of the Obama administration and Congress.
This process is bolstered by the Federal Reserve’s provision of unlimited cheap credit to the banks and financial markets, which is inflating financial assets. Stock values of financial firms rebounded this year to levels that prevailed prior to the Wall Street crash of 2008. The pumping of trillions into the financial system by printing dollars comes on top the trillions of dollars in taxpayer handouts to the banks.
DESTROYING THE COUNTRY from addiction to 'CHEAP MEX
LABOR" (THAT COST YOU BILLIONS)
ILLEGALS COSTING CALIFORNIA BILLIONS
By Jerry Seper
THE WASHINGTON TIMES
Published December 7, 2004 (NOTE THESE FIGURE ARE
FROM 2004. SINCE THEN THERE’S BEEN ANOTHER 10 MILLION ILLEGALS CLIMB OVER THE
BORDERS. THE PEW REPORTS THAT APPROXIMATELY 40 MILLION !MORE! MEXICANS ARE
PLANNING TO JOIN THEM FOR THE AMERICAN GRAVY TRAIN)
Illegal
immigration costs the taxpayers of California -- which has the highest number
of illegal aliens nationwide -- $10.5 billion a year for education, health care
and incarceration, according to a study released yesterday. A key finding of
the report by the Federation for American Immigration Reform (FAIR) said the
state's already struggling kindergarten-through-12th-grade education system
spends $7.7 billion a year on children of illegal aliens, who constitute 15
percent of the student body. The report also said the incarceration of
convicted illegal aliens in state prisons and jails and uncompensated medical
outlays for health care provided to illegal aliens each amounted to about $1.4
billion annually. The incarceration costs did not include judicial expenditures
or the monetary costs of the crimes committed by illegal aliens that led to
their incarceration. "California's addiction to 'cheap' illegal-alien
labor is bankrupting the state and posing enormous burdens on the state's
shrinking middle-class tax base," said FAIR President Dan Stein.
"Most Californians, who have seen their taxes increase while public
services deteriorate, already know the impact that mass illegal immigration is
having on their communities, but even they may be shocked when they learn just
how much of a drain illegal immigration has become," he said. California
is estimated to be home to nearly 3 million illegal aliens. Mr. Stein noted
that state and local taxes paid by the unauthorized immigrant population go
toward offsetting these costs, but do not match expenses. The total of such
payments was estimated in the report to be about $1.6 billion per year. He also
said the total cost of illegal immigration to the state's taxpayers would be
considerably higher if other cost areas, such as special English instruction,
school meal programs or welfare benefits for American workers displaced by
illegal-alien workers were added into the equation. Gerardo Gonzalez, director
of the National Latino Research Center at California State at San Marcos, which
compiles data on Hispanics, was critical of FAIR's report yesterday. He said
FAIR's estimates did not measure some of the contributions that illegal aliens
make to the state's economy. "Beyond taxes, these workers' production and
spending contribute to California's economy, especially the agricultural
sector," he said, adding that both legal and illegal aliens are the
"backbone" of the state's $28 billion-a-year agricultural industry.
In August, a similar study by the Center for Immigration Studies in Washington,
said U.S. households headed by illegal aliens used $26.3 billion in government
services during 2002, but paid $16 billion in taxes, an annual cost to
taxpayers of $10 billion. The FAIR report focused on three specific program
areas because those were the costs examined by researchers from the Urban
Institute in 1994, Mr. Stein said. Looking at the costs of education, health
care and incarceration for illegal aliens in 1994, the Urban Institute
estimated that California was subsidizing illegal immigrants at about $1.1
billion a year. Mr. Stein said an enormous rise in the costs of illegal
immigrants in 10 years is because of the rapid growth of the illegal
population. He said it is reasonable to expect those costs to continue to soar
if action is not taken to turn the tide. "1994 was the same year that
California voters rebelled and overwhelmingly passed Proposition 187, which
sought to limit liability for mass illegal immigration," he said.
"Since then, state and local governments have blatantly ignored the wishes
of the voters and continued to shell out publicly financed benefits on illegal
aliens. "Predictably, the costs of illegal immigration have grown
geometrically, while the state has spiraled into a fiscal crisis that has
brought it near bankruptcy," he said. Mr. Stein said that the state must
adopt measures to systematically collect information on illegal-alien use of
taxpayer-funded services and on where they are employed, and that policies need
to be pursued to hold employers financially accountable. WHAT PARTICULARLY
BOTHERS ME ABOUT THE INVADERS, IT DOESN’T MATTER HOW MUCH THEY GET OUT OF THIS
COUNTRY, THE ARRIVE WITH AN ATTITUDE OF ENTITLEMENT. THEY THINK WE OWE THEM
free lunches.
The net cost to the federal government in
2002 for public services provided to illegal aliens was $10.4 billion or $2,736
per household according to a report by the Center for Immigration Studies.
Estimates for 2005 put the amount at $11.7 billion or $3,080 per household.
Illegal Alien Costs By Social Service Lost Revenue: The U.S. may be foregoing
up to $35 billion in lost tax revenue because of the growing size of the
underground labor market using illegal workers in the cash economy, according
to a January, 2005 report by the Wall Street firm Bear Sterns. Health Costs:
Medicaid costs for illegal aliens and their U.S.-born children are $2.8 billion
annually, according to a study by the Center for Immigration Studies.
Approximately 70% of households headed by illegal aliens have at least one
person without medical insurance, compared to 20% of all other households. The
federal government spends $250 million each year reimbursing states for
emergency medical services provided to illegal aliens, which is less than 10%
of the true cost of those services. Education Costs: The Center for Immigration
Studies has shown that federal aid to K-12 public schools for the education of
the children of illegal aliens is $1.4 billion annually, not including the cost
of free school lunches. The total cost to state and local taxpayers for educating
3.5 million children of illegal aliens is estimated at $28.6 billion, according
to a Federation for American Immigration Reform study. Incarceration: Illegal
aliens account for less than 5% of the U.S. adult population, but were 17% of
the federal prison population in 2004, imposing a net cost of $1.8 billion in
court and incarceration expenses. Fortunately, Americans have seen through the
protestors’ half-truths. A Rasmussen poll released last week showed widespread
disfavor of recent immigration protests, with 26 percent holding a favorable
opinion and 54 percent holding an unfavorable opinion. Wake up America!!!
Illegal Immigration has to be stopped. Take a look at this website and see
where all your tax dollars are going: http://immigrationcounters.com/
*
THERE
ARE ONLY EIGHT (8) STATES WITH A POPULATION GREATER THAN LOS ANGELES COUNTY
WHERE HALF THE JOBS ARE HELD BY ILLEGALS USING STOLEN SOCIAL SECURITY NUMBERS!
THIS SAME COUNTY PAYS OUT $600 MILLION IN WELFARE TO ILLEGALS, AND CALCULATES
THE MEXICAN TAX-FREE ECONOMY TO BE IN EXCESS OF $2 BILLION PER YEAR.
VIVA
LA RAZA?
NO
PRESIDENT IN HISTORY HAS MORE! HIS SEC. OF (ILLEGAL) LABOR IS A LA RAZA
SUPREMACIST HILDA SOLIS.
LOS
ANGELES MAYOR ANTONIO “TACO RUNT” VILLARAIGOSA IS A MEXICAN SEPARATIST
(M.E.Ch.A.) AND RACIST LA RAZA SUPREMACIST!
*
IT
IS CALCULATED THAT THE MEXICAN OCCUPATION DEPRESSED WAGES FOR LEGALS, IN
PARTICULAR BLACK AMERICANS, FROM $300 TO $400 BILLION PER YEAR!
AND
THEN WHO ENDS UP PAYING FOR THE LA RAZA WELFARE STATE?
*
WHY THE JOBS GO TO ILLEGALS:
“What employers
really want in many cases by hiring immigrants is to hold down wage costs,
experts say.”
*
ARTICLE:
MOST
MEXICAN IMMIGRANTS IN NEW STUDY GAVE UP JOBS TO TAKE THEIR CHANCES IN U.S.
By NINA BERNSTEIN
New York Times
A report about the work lives of
recent Mexican immigrants in seven cities across the United States suggests
that they typically traded jobs in Mexico for the prospect of work here,
despite serious bouts of unemployment, job instability and poor wages.
The report, released Tuesday by the
Pew Hispanic Center, was based on surveys of nearly 5,000 Mexicans, most of
them here illegally.
Those surveyed were seeking identity
documents at Mexican consulates in New York, Atlanta and Raleigh, N.C., where
recent arrivals have gravitated toward construction, hotel and restaurant jobs,
and in Dallas, Chicago, Los Angeles, and Fresno, Calif., where they have been
more likely to work in agriculture and manufacturing.
Unlike the stereotype of jobless
Mexicans heading north, most of the immigrants had been employed in Mexico, the
report found.
(BARACK OBAMA HAS SABOTAGED E-VERIFY TO HELP EASE MORE OF HIS LA RAZA
PARTY BASE OF ILLEGALS INTO OUR JOBS. DURING OBAMA’S FIRST TERM, TWO-THIRDS OF
ALL JOBS WENT TO IMMIGRANTS, BOTH LEGAL AND ILLEGAL. DEMS ARE NOW THE PARTY FOR
ILLEGALS).
Once in the United States, they soon
found that their illegal status was no barrier to being hired here. And though
the jobs they landed, typically with help from relatives, were often unstable
and their median earnings only $300 a week, that was enough to keep drawing
newcomers because wages here far exceeded those in Mexico.
"We're getting a peek at a
segment of the U.S. labor force that is large, that is growing by illegal
migration, and that is bringing an entirely new set of issues into the U.S.
labor market," said Rakesh Kochhar, associate director for research at the
Pew Hispanic Center and author of the study.
The report suggested that policies
intended to reduce migration pressures by improving the Mexican economy would
have to look beyond employment to wages and perceptions of opportunity.
The survey found that the most
recent to arrive were more likely to have worked in construction or commerce,
rather than agriculture, in Mexico. Only 5 percent had been unemployed there;
they were "drawn not from the fringes, but from the heart of Mexico's
labor force," the report said.
After a difficult transition in
their first six months in the United States ‑ about 15 percent of the
respondents said they did not work during that time ‑ the rate of unemployment
plummeted, to an average of 5 percent.
But in one of the most striking
findings, 38 percent reported an unemployment spell lasting a month or more in
the previous year, regardless of their location, legal status or length of time
in the United States.
"These are workers with no
safety net," Mr. Kochhar said. "The long‑run implication is a
generation of workers without health or pension benefits, without any
meaningful asset accumulation."
On the other hand, Mr. Kochhar and
Roberto Suro, director of the Pew Hispanic Center, said the flexibility of this
work force was a boon to certain industries like home construction, an
important part of the nation's economic growth since the last recession.
Among respondents to the survey,
those who settled in Atlanta and Dallas were the best off, with 56 percent in
each city receiving a weekly wage higher than the $300‑a‑week median. The worst
off were in Fresno, where more than half of the survey respondents worked in
agriculture and 60 percent reported earning less than $300 a week. The lowest
wages were reported by women, people who spoke little or no English, and those
without identification.
To some scholars of immigration, the
report underlines the lack of incentives for employers to turn to a guest
worker program like the one proposed by President Bush because their needs are
met cheaply by illegal workers ‑ and all without paperwork or long‑term
commitment.
Guest workers might instead appeal
to corporations like Wal‑Mart, the scholars said, where service jobs are now
the target of union organizing drives.
"You can't plausibly argue that
immigrant‑dominated sectors have a labor shortage," said Robert Courtney
Smith, a sociologist and author of "Mexican New York: Transnational Lives
of New Immigrants." Instead, he said, the report and evidence of falling
wages among Mexican immigrants over time point to an oversupply of vulnerable workers
competing with each other.
But Brendan Flanagan, a spokesman
for the National Restaurant Association, which supports a guest worker program,
disagreed. "In many places it is difficult to fill jobs with domestic
workers," Mr. Flanagan said. "We've seen a simple lack of applicants,
regardless of what wage is offered."
Although the survey, conducted from
July 2004 to January 2005, was not random or weighted to represent all Mexican
immigrants, it offers a close look at a usually elusive population.
Those surveyed were not questioned
directly about their immigration status, but they were asked whether they had
any photo identification issued by a government agency in the United States.
Slightly more than half over all, and 75 percent in New York, said they did not.
The migration is part of a historic
restructuring of the Mexican economy comparable to America's industrial
revolution, said Kathleen Newland, director of the Migration Policy Institute,
a research organization based in Washington.
The institute released its own
report on Tuesday, arguing that border enforcement efforts have failed.
Workplace enforcement, which has been neglected, would be a crucial part of
making a guest worker program successful.
For
now, Mexicans keep arriving illegally.
"It doesn't matter if it's
winter," said Ricardo Cortes, 23, a construction worker waiting for a
friend outside the Mexican consulate in New York on Tuesday. "People are
still coming because there's no money over there."
JOE LEGAL AMERICAN vs LA RAZA JOSE ILLEGAL: Joe Legal Still Gets the Tax Bills To Pay For the LA RAZA Welfare State!
http://mexicanoccupation.blogspot.com/2011/05/joe-american-legal-vs-la-raza-jose.html
THE UNEMPLOYMENT RATE
IN MEXICO IS UNDER 6%... IN PARTS OF MEX-OCCUPIED CA THE UNEMPLOYMENT RATE IS
NEARLY 30%.
IN CALIFORNIA ILLEGALS
GET "FREE" EDUCATION, "FREE" TRIPS TO HOSPITAL EMERGENCY
ROOMS, "FREE" ANCHOR BABY BIRTHING = 18 YEARS of "FREE" WELFARE,
AND IN LOS ANGELES COUNTY ALONE, THE TAX-FREE MEXICAN UNDERGROUND ECONOMY IS
CALCULATED TO BE IN EXCESS OF $2 BILLION PER YEAR. THIS SAME COUNTY PAYS OUT
$600 MILLION IN WELFARE TO ILLEGALS, PRIMARILY ANCHOR BABY BREEDERS.
WHY THE JOBS GO TO ILLEGALS:
“What employers really
want in many cases by hiring immigrants is to hold down wage costs, experts
say.”
*
UNDER OBAMA, TWO-THIRDS OF JOBS GO TO HIS PARTY BASE OF
ILLEGALS!
"We have a situation
where the job market — the bottom fell out, yet we kept legal immigration
relatively high without even a national debate," he said. "As a
consequence, a lot of the job growth has been going to immigrants."
Mr. Obama did take action
this year to grant many illegal immigrants up to 30 years of age a tentative
legal status that prevents them from being deported and authorizes them to work
in the United States.
Some Republicans in
Congress have criticized Mr. Obama's policy, saying it violates his powers and
will mean more competition for scarce jobs.
*
Guess LA
RAZA his happy with OBAMA’S endless hispandering! THEY SHOULD BE!
There are only eight states with a larger
population than LOS ANGELES COUNTY, where 47% of those with a job are ILLEGALS
USING STOLEN SOCIAL SECURITY NUMBERS! This same mex gang infested county puts
out $600 million in welfare to illegals!
*
“The
inspections have determined that hundreds of companies throughout the U.S. have
significant numbers of illegal
immigrants on their payroll
yet none have been punished, according to a Houston newspaper that obtained
internal ICE records through the Freedom of Information Act. At least 430 audit
cases listed as “closed” by the agency had high percentages of workers with
“questionable” documents yet they faced no consequences.”
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.”
*
“The principal
beneficiaries of our current immigration policy are affluent Americans who hire
immigrants at substandard wages for low-end work. Harvard economist George
Borjas estimates that American workers lose $190 billion annually in depressed
wages caused by the constant flooding of the labor market at the low-wage end.”
Christian Science Monitor
*
CHRISTIAN SCIENCE MONITOR
Why the new
jobs go to immigrants
By David R. Francis
Wall Street
cheered and stock prices rose when the US Labor Department announced last
Friday that employers had expanded their payrolls by 262,000 positions in
February.
But it
wasn't entirely good news. The statisticians also indicated that the share of
the adult population holding jobs had slipped slightly from January to 62.3
percent. That's now two full percentage points below the level in the
brief recession that began in March 2001
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