Wednesday, March 28, 2012

Daily Presidential Tracking Poll - Rasmussen Reports™ WALL ST & the 1% DEMAND OBAMA'S REIGN CONTINUE! SO DO ILLEGALS!!!

Daily Presidential Tracking Poll - Rasmussen Reports™





OBAMAnomics: THE 1% GET RICHER AND HIS LA RAZA “THE RACE” BASE of ILLEGALS GET THE JOBS!

THE AMERICAN MIDDLE CLASS IS LEFT WITH THE TAX BILLS TO PAY FOR THE MEXICAN INVASION, OCCUPATION AND WELFARE STATE ALONG WITH THE CRIMES OF OBAMA’S WALL ST PAYMASTERS!








OBAMA, AND THE LA RAZA DEMS HAVE SABOTAGED E-VERIFY ALL OVER THE NATION!



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!



THE LA RAZA FACTION OF THE STATE LEGISLATURE HAS JUST PASSED A LAW MAKING IT ILLEGAL TO USE E-VERIFY!



OBAMA HAS SUED ARIZONA FOR ATTEMPTING TO PUSH BACK THE MEXICAN INVASION, AND END THEIR OWN MEX WELFARE STATE. OBAMA SUES ARIZONA TO STOP THEM FROM USING E-VERIFY!



THE COUNTY of LOS ANGELES PAYS OUT $600 MILLION DOLLARS PER YEAR IN WELFARE TO ILLEGALS! THIS SAME COUNTY HAS A TAX-FREE MEXICAN UNDERGROUND ECONOMY CALCULATED TO BE IN EXCESS OF $2 BILLION PER YEAR!



OF THE TOP 200 MOST WANTED CRIMINALS IN LOS ANGELES, 176 ARE MEXICANS, AND MOST OF THE REST ARE RUSSIANS!



VIVA LA RAZA SUPREMACY?



HORDES OF ILLEGALS ARE INVITED INTO OUR BORDERS BY THE LA RAZA DEMS WITH ENDLESS GRINGO-PAID DREAM ACTS, "FREE" ANCHOR BABY BIRTHING, "FREE" MEDICAL AT ANY AND ALL HOSPITAL EMERGENCY ROOMS, AND OUR JOBS!!!



NOT ONE LEGAL VOTED TO BECOME MEXICO'S LOOTING GROUNDS!





OBAMA’S HISPANICAZATION OF AMERICA FOR THE LA RAZA VOTE:




*
WIKILEAKS EXPOSES OBAMA'S AGENDA OF OPEN BORDERS TO BUILD HIS PARTY BASE OF LA RAZA SUPREMACIST AND KEEP WAGES DEPRESSED FOR HIS WALL ST PAYMASTERS!

THE BELOW IS FROM A SPEECH GIVEN BY HISPANDERING BARACK OBAMA TO A LA RAZA FASCIST GATHERING.

OBAMA'S ADMINISTRATION IS INFESTED WITH LA RAZA! HIS DEPT of LA RAZA JUSTICE HAS SUED FOUR STATES, WORKED TO SABOTAGE E-VERIFY AND ALSO PREVENT STATES FROM REQUIRING NON-FRAUD I.D.S TO VOTE, AS THIS WOULD BE INCONVIENT TO ALL THE ILLEGALS VOTING (AGAIN) FOR OBAMA!


"Take no mistake about it: the Latino community holds this election in your hands. Some of the closest contests this November will be in states like Florida, Colorado, Nevada and New Mexico - states with large Latino populations."

THERE IS A REASON WHY OBAMA'S SEC. of (illegal) LABOR IS LA RAZA SUPREMACIST HILDA SOLIS!



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


OBAMA AND THE FUNDING OF MEXICAN FASCISM FROM THE WHITE HOUSE



FROM JUDICIAL WATCH



“PUNISH OUR ENEMIES”… does that mean assault the legals of Arizona that must fend off the Mexican invasion, occupation, growing criminal and welfare state, as well as Mex Drug cartels???

OBAMA TELLS ILLEGALS “PUNISH OUR ENEMIES”

Friends of ALIPAC,

Each day new reports come in from across the nation that our movement is surging and more incumbents, mostly Democrats, are about to fall on Election Day. Obama's approval ratings are falling to new lows as he makes highly inappropriate statements to Spanish language audiences asking illegal alien supporters to help him "punish our enemies."





The Obama recovery

28 March 2012

While the United States remains mired in the deepest slump since the Great Depression, President Barack Obama is touting a modest improvement in employment over the past several months to boost his electoral prospects in November.

The three-month period from December through February has, according to the Labor Department, seen a net gain of 744,000 jobs, the largest for any three-month stretch since 2006. The official jobless rate has fallen from 9.1 percent in September to 8.3 percent in February.

It is necessary to place these gains within the context of the catastrophic collapse in employment that followed the Wall Street crash of 2008, which has left the US economy with 5 million fewer jobs than at the official start of the recession in December 2007. At the height of the crash, US businesses were cutting more than 744,000 jobs every month.

While the US economy added 335,000 net new manufacturing jobs in 2010 and 2011 combined, it lost 1.6 million manufacturing jobs between January 2008 and March 2009, a reduction of 10 percent. The current level of 12 million manufacturing jobs is down 7.5 million from its peak in 1979.

Federal Reserve Chairman Ben Bernanke, speaking Monday at a business conference in Washington DC, was notably cautious about the recent upturn in employment figures. He suggested that the improvement in the labor market could not be sustained at the current rate of economic growth.

“A significant portion of the improvement in the labor market has reflected a decline in layoffs rather than an increase in hiring,” he said, adding, “Conditions remain far from normal, as shown, for example, by the high level of long-term unemployment and the fact that jobs and hours remain well below pre-crisis peaks, even without adjusting for growth in the labor force.”

What Obama and his supporters in the trade union apparatus conceal is the basis for the modest growth in jobs in general, and manufacturing jobs in particular. The president hinted at the question when he spoke last month at the Master Lock factory in Milwaukee. “Our job as a nation,” he declared, “is to do everything we can to make the decision to insource more attractive for more companies.”

What Obama has been doing is spearheading an intensified assault on the working class. He has escalated the attack on working class living standards that has been underway for more than three decades, focusing on a drastic and permanent reduction in wages and benefits. There have been several stages in this process.

In the months immediately following the financial meltdown in September 2008, US corporations carried out massive layoffs, using unemployment as a weapon to bludgeon the working class into accepting unprecedented concessions. Big business employed new technology (automation, computerization) as well as speedup to cut costs and rapidly return to record profits on the basis of a smaller work force, despite lagging sales and revenues.

Obama’s forced restructuring of General Motors and Chrysler in 2009 ushered in a wave of wage- and benefit-cutting throughout the private sector. The bailout of the auto giants was predicated on the agreement of the United Auto Workers union to impose a 50 percent wage cut and the gutting of pensions and benefits for all newly hired workers. This set a new benchmark of $12-$15 an hour for US auto workers, previously among the highest paid manufacturing workers in the world, reducing wages to near-poverty levels.

Beginning in 2010, the wage-cutting attack was extended to public-sector workers, who were hit with massive layoffs and cuts in wages, pensions and health care by state and local governments, with the support of the White House.

The results of this government-corporate offensive are reflected in statistics on wages, labor costs and income. According to a census report released in September 2011, real median household income fell 2.3 percent in 2010, to a level 7.1 percent below that reached a decade before.

US manufacturing labor costs per unit of output in 2010 were 13 percent lower than a decade earlier.

If a portion of the manufacturing jobs that were previously moved to China and other low-wage havens are being brought back to the US, it is because the wages they pay have plummeted so far and the differential has so dramatically narrowed that the corporations can make higher profits by exploiting their “own” workers than by going overseas. As the CEO of GE Consumer & Industrial, James Campbell, told the New York Times last month, “making things in America is as viable as making things any place” because domestic labor costs are now “significantly less, with the competitive wages” now accepted by American workers.

The overall result of the Obama recovery, besides the impoverishment of ever wider layers of the working class, is a further staggering growth of social inequality. One stark metric of the decline in the social position of the American working class is the fact that in the third quarter of 2011, the share of the US gross domestic product going to corporate profits was at its highest (10.3 percent) since the 1960s, and the share going to wages was at its lowest (45.3 percent) on record.

In officially announcing the AFL-CIO’s support for Obama’s reelection earlier this month, the union federation president, Richard Trumka, denounced the frontrunner for the Republican nomination, Mitt Romney, declaring, “Everything he’s done helps the 1 percent.”

A Reuters article published March 15 provides statistical proof that when it comes to helping the top 1 percent at the expense of everyone else, Obama takes a back seat to no one. The article notes that the movement of US incomes during the Obama “recovery” contrasts sharply with that which occurred in 1934, during the Great Depression.

The 1934 rebound saw strong income gains for the bottom 90 percent of earners and a decline for the super-rich (the top 0.01 percent). The year 2010, saw the opposite. The income of the super-rich ($23.8 million on average) rose by 21.5 percent over the previous year, while that of the bottom 90 percent fell by 0.4 percent.

National income rose overall in 2010, but all of the gains went to the top 10 percent. Just 15,600 super-rich households pocketed an astonishing 37 percent of the entire national gain.

The article further reports that the top 1 percent’s share of real income growth has increased with each economic expansion, regardless of whether a Democrat or Republican was in the White House. The top 1 percent captured 45 percent of Clinton-era income growth, 65 percent of Bush-era growth, and 93 percent of Obama-era growth, through 2010.

These facts demonstrate the existence in the US of a plutocracy that controls the Democrats and Republicans and the entire political system. Its deadly grip can be broken only by an independent political movement of the working class, fighting for workers’ power and socialism.

Barry Grey



*

RPT-COLUMN-The richest get richer: David Cay Johnston

Thu, Mar 15 2012

By David Cay Johnston

March 15 (Reuters) - The aftermaths of the Great Recession and the Great Depression produced sharply different changes in U.S. incomes that tell us a lot about tax and economic policy.

The 1934 economic rebound was widely shared, with strong income gains for the vast majority, the bottom 90 percent.

In 2010, we saw the opposite as the vast majority lost ground.

National income gained overall in 2010, but all of the gains were among the top 10 percent. Even within those 15.6 million households, the gains were extraordinarily concentrated among the super-rich, the top one percent of the top one percent.

Just 15,600 super-rich households pocketed an astonishing 37 percent of the entire national gain.

The different results in 1934 and 2010 show how a major shift in federal policy hurts the vast majority and benefits the super-rich.

NEW POLICY BOOSTS THE RICH

Starting in 1933, government policy aimed to improve the lot of the vast majority through such policies as massive government-financed jobs and construction programs. But since 1980 policy has focused on helping the already rich get richer still with such policies as lower taxes and fewer audits.

The updated figures illustrating income changes, all in 2010 dollars, come from analysis () of the latest IRS data () by economists Emmanuel Saez and Thomas Piketty.

Saez received the 2009 John Bates Clark Medal, awarded to the economist under 40 who has made the greatest contribution to that field, and a 2010 MacArthur genius grant.

Their data expands on what I reported first last fall - median pay fell in 2010 to its lowest level since 1999 ()</A1> .

Saez and Piketty show that the vast majority's average adjusted gross income, of which wages are just a part, was $29,840 in 2010. That was down $127 from 2009 and down $4,842 from 2000.

Most shocking? The average income of the vast majority of taxpayers in 2010 was just a smidgen more than the $29,448 average way back in 1966.

At the top, the super-rich saw their 2010 average income grow by $4.2 million over 2009 to $23.8 million. Compared to 1966 their income was up on average by $18.7 million per taxpayer.

We should expect this pattern of concentrated gains weighted toward the very top to continue unless we change our policies.

Saez shows () that the top one percent's share of real income growth is increasing with each economic expansion and it matters not whether the president is a Democrat or Republican. The top one percent enjoyed 45 percent of Clinton-era income growth, 65 percent of Bush-era growth and 93 percent of Obama-era growth, though that is only through 2010.

While markets are a factor, I think the evidence makes clear that government policy is at the core of the differing fortunes of the vast majority and the super-rich.

Inaugural addresses of Franklin Roosevelt and Barack Obama bring this into sharp focus. Both spoke of the need for restoring confidence, while denouncing greed and irresponsible conduct. Roosevelt in 1933 specified "callous and selfish wrongdoing" by bankers abusing a "sacred trust." Obama vaguely referred to the "consequence of greed and irresponsibility on the part of some."

Roosevelt said that "our greatest primary task is to put people to work" () Obama, again less specific, spoke of government that "helps families find jobs at a decent wage" ().

Roosevelt brought in trustbusters, reformers and even an expert at Wall Street manipulations to implement policies benefiting the vast majority.

FINANCIAL INSIDERS

By contrast, while Obama called Wall Street executives "fat cats," he surrounded himself with financial insiders with the exception of Elizabeth Warren, the Harvard bankruptcy expert now seeking election to the U.S. Senate. His administration has failed to prosecute the central figures in the frauds that created our economic distress.

Government policy can change again and for the better. We can create a growing economy with widely shared prosperity.

We need to increase spending on education and research to maximize returns from human capital. We need to create jobs rebuilding our decaying infrastructure so people and goods move efficiently. We need to honor markets, letting mismanaged banks and insurers receive their just desserts in U.S. Bankruptcy Court.

We need to adjust our focus away from financial sector profits to people. We need to reform taxes to discourage capital withdrawals and offshoring and, instead, encourage reinvestment of profits at home.

If we don't, the vast majority will see their incomes go on eroding slowly while those at the top enjoy an ever-larger share of national income and wealth. The inevitable result will be economic, political and social instability - not a pretty picture for anyone.


OBAMA'S ASSAULT ON AMERICA For His Wall Street Paymasters & LA RAZA PARTY BASE of ILLEGALS


OBAMAnomics: THE 1% GET RICHER AND HIS LA RAZA “THE RACE” BASE of ILLEGALS GET THE JOBS!

THE AMERICAN MIDDLE CLASS IS LEFT WITH THE TAX BILLS TO PAY FOR THE MEXICAN INVASION, OCCUPATION AND WELFARE STATE ALONG WITH THE CRIMES OF OBAMA’S WALL ST PAYMASTERS!

The Obama recovery

OBAMA, AND THE LA RAZA DEMS HAVE SABOTAGED E-VERIFY ALL OVER THE NATION!


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!


THE LA RAZA FACTION OF THE STATE LEGISLATURE HAS JUST PASSED A LAW MAKING IT ILLEGAL TO USE E-VERIFY!

OBAMA HAS SUED ARIZONA FOR ATTEMPTING TO PUSH BACK THE MEXICAN INVASION, AND END THEIR OWN MEX WELFARE STATE. OBAMA SUES ARIZONA TO STOP THEM FROM USING E-VERIFY!


THE COUNTY of LOS ANGELES PAYS OUT $600 MILLION DOLLARS PER YEAR IN WELFARE TO ILLEGALS! THIS SAME COUNTY HAS A TAX-FREE MEXICAN UNDERGROUND ECONOMY CALCULATED TO BE IN EXCESS OF $2 BILLION PER YEAR!

OF THE TOP 200 MOST WANTED CRIMINALS IN LOS ANGELES, 176 ARE MEXICANS, AND MOST OF THE REST ARE RUSSIANS!


VIVA LA RAZA SUPREMACY?

HORDES OF ILLEGALS ARE INVITED INTO OUR BORDERS BY THE LA RAZA DEMS WITH ENDLESS GRINGO-PAID DREAM ACTS, "FREE" ANCHOR BABY BIRTHING, "FREE" MEDICAL AT ANY AND ALL HOSPITAL EMERGENCY ROOMS, AND OUR JOBS!!!

NOT ONE LEGAL VOTED TO BECOME MEXICO'S LOOTING GROUNDS!

OBAMA’S HISPANICAZATION OF AMERICA FOR THE LA RAZA VOTE:

http://mexicanoccupation.blogspot.com/2011/05/obamas-hispanicazation-of-america-push.html

*

WIKILEAKS EXPOSES OBAMA'S AGENDA OF OPEN BORDERS TO BUILD HIS PARTY BASE OF LA RAZA SUPREMACIST AND KEEP WAGES DEPRESSED FOR HIS WALL ST PAYMASTERS!

THE BELOW IS FROM A SPEECH GIVEN BY HISPANDERING BARACK OBAMA TO A LA RAZA FASCIST GATHERING.

OBAMA'S ADMINISTRATION IS INFESTED WITH LA RAZA! HIS DEPT of LA RAZA JUSTICE HAS SUED FOUR STATES, WORKED TO SABOTAGE E-VERIFY AND ALSO PREVENT STATES FROM REQUIRING NON-FRAUD I.D.S TO VOTE, AS THIS WOULD BE INCONVIENT TO ALL THE ILLEGALS VOTING (AGAIN) FOR OBAMA!


"Take no mistake about it: the Latino community holds this election in your hands. Some of the closest contests this November will be in states like Florida, Colorado, Nevada and New Mexico - states with large Latino populations."

THERE IS A REASON WHY OBAMA'S SEC. of (illegal) LABOR IS LA RAZA SUPREMACIST HILDA SOLIS!

http://mexicanoccupation.blogspot.com/2011/05/alipac-william-gheen-exposes-wikileaks.html

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


OBAMA AND THE FUNDING OF MEXICAN FASCISM FROM THE WHITE HOUSE



FROM JUDICIAL WATCH



“PUNISH OUR ENEMIES”… does that mean assault the legals of Arizona that must fend off the Mexican invasion, occupation, growing criminal and welfare state, as well as Mex Drug cartels???

OBAMA TELLS ILLEGALS “PUNISH OUR ENEMIES”

Friends of ALIPAC,

Each day new reports come in from across the nation that our movement is surging and more incumbents, mostly Democrats, are about to fall on Election Day. Obama's approval ratings are falling to new lows as he makes highly inappropriate statements to Spanish language audiences asking illegal alien supporters to help him "punish our enemies."
The Obama recovery

28 March 2012

While the United States remains mired in the deepest slump since the Great Depression, President Barack Obama is touting a modest improvement in employment over the past several months to boost his electoral prospects in November.

The three-month period from December through February has, according to the Labor Department, seen a net gain of 744,000 jobs, the largest for any three-month stretch since 2006. The official jobless rate has fallen from 9.1 percent in September to 8.3 percent in February.

It is necessary to place these gains within the context of the catastrophic collapse in employment that followed the Wall Street crash of 2008, which has left the US economy with 5 million fewer jobs than at the official start of the recession in December 2007. At the height of the crash, US businesses were cutting more than 744,000 jobs every month.

While the US economy added 335,000 net new manufacturing jobs in 2010 and 2011 combined, it lost 1.6 million manufacturing jobs between January 2008 and March 2009, a reduction of 10 percent. The current level of 12 million manufacturing jobs is down 7.5 million from its peak in 1979.

Federal Reserve Chairman Ben Bernanke, speaking Monday at a business conference in Washington DC, was notably cautious about the recent upturn in employment figures. He suggested that the improvement in the labor market could not be sustained at the current rate of economic growth.

“A significant portion of the improvement in the labor market has reflected a decline in layoffs rather than an increase in hiring,” he said, adding, “Conditions remain far from normal, as shown, for example, by the high level of long-term unemployment and the fact that jobs and hours remain well below pre-crisis peaks, even without adjusting for growth in the labor force.”

What Obama and his supporters in the trade union apparatus conceal is the basis for the modest growth in jobs in general, and manufacturing jobs in particular. The president hinted at the question when he spoke last month at the Master Lock factory in Milwaukee. “Our job as a nation,” he declared, “is to do everything we can to make the decision to insource more attractive for more companies.”

What Obama has been doing is spearheading an intensified assault on the working class. He has escalated the attack on working class living standards that has been underway for more than three decades, focusing on a drastic and permanent reduction in wages and benefits. There have been several stages in this process.

In the months immediately following the financial meltdown in September 2008, US corporations carried out massive layoffs, using unemployment as a weapon to bludgeon the working class into accepting unprecedented concessions. Big business employed new technology (automation, computerization) as well as speedup to cut costs and rapidly return to record profits on the basis of a smaller work force, despite lagging sales and revenues.

Obama’s forced restructuring of General Motors and Chrysler in 2009 ushered in a wave of wage- and benefit-cutting throughout the private sector. The bailout of the auto giants was predicated on the agreement of the United Auto Workers union to impose a 50 percent wage cut and the gutting of pensions and benefits for all newly hired workers. This set a new benchmark of $12-$15 an hour for US auto workers, previously among the highest paid manufacturing workers in the world, reducing wages to near-poverty levels.

Beginning in 2010, the wage-cutting attack was extended to public-sector workers, who were hit with massive layoffs and cuts in wages, pensions and health care by state and local governments, with the support of the White House.

The results of this government-corporate offensive are reflected in statistics on wages, labor costs and income. According to a census report released in September 2011, real median household income fell 2.3 percent in 2010, to a level 7.1 percent below that reached a decade before.

US manufacturing labor costs per unit of output in 2010 were 13 percent lower than a decade earlier.

If a portion of the manufacturing jobs that were previously moved to China and other low-wage havens are being brought back to the US, it is because the wages they pay have plummeted so far and the differential has so dramatically narrowed that the corporations can make higher profits by exploiting their “own” workers than by going overseas. As the CEO of GE Consumer & Industrial, James Campbell, told the New York Times last month, “making things in America is as viable as making things any place” because domestic labor costs are now “significantly less, with the competitive wages” now accepted by American workers.

The overall result of the Obama recovery, besides the impoverishment of ever wider layers of the working class, is a further staggering growth of social inequality. One stark metric of the decline in the social position of the American working class is the fact that in the third quarter of 2011, the share of the US gross domestic product going to corporate profits was at its highest (10.3 percent) since the 1960s, and the share going to wages was at its lowest (45.3 percent) on record.

In officially announcing the AFL-CIO’s support for Obama’s reelection earlier this month, the union federation president, Richard Trumka, denounced the frontrunner for the Republican nomination, Mitt Romney, declaring, “Everything he’s done helps the 1 percent.”

A Reuters article published March 15 provides statistical proof that when it comes to helping the top 1 percent at the expense of everyone else, Obama takes a back seat to no one. The article notes that the movement of US incomes during the Obama “recovery” contrasts sharply with that which occurred in 1934, during the Great Depression.

The 1934 rebound saw strong income gains for the bottom 90 percent of earners and a decline for the super-rich (the top 0.01 percent). The year 2010, saw the opposite. The income of the super-rich ($23.8 million on average) rose by 21.5 percent over the previous year, while that of the bottom 90 percent fell by 0.4 percent.

National income rose overall in 2010, but all of the gains went to the top 10 percent. Just 15,600 super-rich households pocketed an astonishing 37 percent of the entire national gain.

The article further reports that the top 1 percent’s share of real income growth has increased with each economic expansion, regardless of whether a Democrat or Republican was in the White House. The top 1 percent captured 45 percent of Clinton-era income growth, 65 percent of Bush-era growth, and 93 percent of Obama-era growth, through 2010.

These facts demonstrate the existence in the US of a plutocracy that controls the Democrats and Republicans and the entire political system. Its deadly grip can be broken only by an independent political movement of the working class, fighting for workers’ power and socialism.

Barry Grey

RPT-COLUMN-The richest get richer: David Cay Johnston

Thu, Mar 15 2012

By David Cay Johnston

March 15 (Reuters) - The aftermaths of the Great Recession and the Great Depression produced sharply different changes in U.S. incomes that tell us a lot about tax and economic policy.

The 1934 economic rebound was widely shared, with strong income gains for the vast majority, the bottom 90 percent.

In 2010, we saw the opposite as the vast majority lost ground.

National income gained overall in 2010, but all of the gains were among the top 10 percent. Even within those 15.6 million households, the gains were extraordinarily concentrated among the super-rich, the top one percent of the top one percent.

Just 15,600 super-rich households pocketed an astonishing 37 percent of the entire national gain.

The different results in 1934 and 2010 show how a major shift in federal policy hurts the vast majority and benefits the super-rich.

NEW POLICY BOOSTS THE RICH

Starting in 1933, government policy aimed to improve the lot of the vast majority through such policies as massive government-financed jobs and construction programs. But since 1980 policy has focused on helping the already rich get richer still with such policies as lower taxes and fewer audits.

The updated figures illustrating income changes, all in 2010 dollars, come from analysis () of the latest IRS data () by economists Emmanuel Saez and Thomas Piketty.

Saez received the 2009 John Bates Clark Medal, awarded to the economist under 40 who has made the greatest contribution to that field, and a 2010 MacArthur genius grant.

Their data expands on what I reported first last fall - median pay fell in 2010 to its lowest level since 1999 ()</A1> .

Saez and Piketty show that the vast majority's average adjusted gross income, of which wages are just a part, was $29,840 in 2010. That was down $127 from 2009 and down $4,842 from 2000.

Most shocking? The average income of the vast majority of taxpayers in 2010 was just a smidgen more than the $29,448 average way back in 1966.

At the top, the super-rich saw their 2010 average income grow by $4.2 million over 2009 to $23.8 million. Compared to 1966 their income was up on average by $18.7 million per taxpayer.

We should expect this pattern of concentrated gains weighted toward the very top to continue unless we change our policies.

Saez shows () that the top one percent's share of real income growth is increasing with each economic expansion and it matters not whether the president is a Democrat or Republican. The top one percent enjoyed 45 percent of Clinton-era income growth, 65 percent of Bush-era growth and 93 percent of Obama-era growth, though that is only through 2010.

While markets are a factor, I think the evidence makes clear that government policy is at the core of the differing fortunes of the vast majority and the super-rich.

Inaugural addresses of Franklin Roosevelt and Barack Obama bring this into sharp focus. Both spoke of the need for restoring confidence, while denouncing greed and irresponsible conduct. Roosevelt in 1933 specified "callous and selfish wrongdoing" by bankers abusing a "sacred trust." Obama vaguely referred to the "consequence of greed and irresponsibility on the part of some."

Roosevelt said that "our greatest primary task is to put people to work" () Obama, again less specific, spoke of government that "helps families find jobs at a decent wage" ().

Roosevelt brought in trustbusters, reformers and even an expert at Wall Street manipulations to implement policies benefiting the vast majority.

FINANCIAL INSIDERS

By contrast, while Obama called Wall Street executives "fat cats," he surrounded himself with financial insiders with the exception of Elizabeth Warren, the Harvard bankruptcy expert now seeking election to the U.S. Senate. His administration has failed to prosecute the central figures in the frauds that created our economic distress.

Government policy can change again and for the better. We can create a growing economy with widely shared prosperity.

We need to increase spending on education and research to maximize returns from human capital. We need to create jobs rebuilding our decaying infrastructure so people and goods move efficiently. We need to honor markets, letting mismanaged banks and insurers receive their just desserts in U.S. Bankruptcy Court.

We need to adjust our focus away from financial sector profits to people. We need to reform taxes to discourage capital withdrawals and offshoring and, instead, encourage reinvestment of profits at home.

If we don't, the vast majority will see their incomes go on eroding slowly while those at the top enjoy an ever-larger share of national income and wealth. The inevitable result will be economic, political and social instability - not a pretty picture for anyone.


The Obama recovery - OR OBAMA'S ASSAULT ON THE AMERICAN WORKERS WITH HORDES of ILLEGALS?

The Obama recovery

OBAMA, AND THE LA RAZA DEMS HAVE SABOTAGED E-VERIFY ALL OVER THE NATION!

THERE ARE ONLY EIGHT (8) STATES WITH A POPULATIONG GREATER THAN LOS ANGELES COUNTY, WHERE HALF THE JOBS ARE HELD BY ILLEGALS USING STOLEN SOCIAL SECURITY NUMBERS!

THE LA RAZA FACTION OF THE STATE LEGISLATURE HAS JUST PASSED A LAW MAKING IT ILLEGAL TO USE E-VERIFY!

OBAMA HAS SUED ARIZONA FOR ATTEMPTING TO PUSH BACK THE MEXICAN INVASION, AND END THEIR OWN MEX WELFARE STATE. OBAMA SUES ARIZONA TO STOP THEM FROM USING E-VERIFY!

THE COUNTY of LOS ANGELES PAYS OUT $600 MILLION DOLLARS PER YEAR IN WELFARE TO ILLEGALS! THIS SAME COUNTY HAS A TAX-FREE MEXICAN UNDERGOUND ECONOMY CALCULATED TO BE IN EXCESS OF $2 BILLION PER YEAR!

OF THE TOP 200 MOST WANTED CRIMINALS IN LOS ANGELES, 176 ARE MEXICANS, AND MOST OF THE REST ARE RUSSIANS!

VIVA LA RAZA SUPREMACY?

HORDES OF ILLEGALS ARE INVITED INTO OUR BORDERS BY THE LA RAZA DEMS WITH ENDLESS GRINGO-PAID DREAM ACTS, "FREE" ANCHOR BABY BIRTHING, "FREE" MEDICAL AT ANY AND ALL HOSPITAL EMERGENCY ROOMS, AND OUR JOBS!!!

NOT ONE LEGAL VOTED TO BECOME MEXICO'S LOOTING GROUNDS!

OBAMA’S HISPANICAZATION OF AMERICA FOR THE LA RAZA VOTE:


*
WIKILEAKS EXPOSES OBAMA'S AGENDA OF OPEN BORDERS TO BUILD HIS PARTY BASE OF LA RAZA SUPREMACIST AND KEEP WAGES DEPRESSED FOR HIS WALL ST PAYMASTERS!

THE BELOW IS FROM A SPEECH GIVEN BY HISPANDERING BARACK OBAMA TO A LA RAZA FASCIST GATHERING.

OBAMA'S ADMINISTRATION IS INFESTED WITH LA RAZA! HIS DEPT of LA RAZA JUSTICE HAS SUED FOUR STATES, WORKED TO SABOTAGE E-VERIFY AND ALSO PREVENT STATES FROM REQUIRING NON-FRAUD I.D.S TO VOTE, AS THIS WOULD BE INCONVIENT TO ALL THE ILLEGALS VOTING (AGAIN) FOR OBAMA!


"Take no mistake about it: the Latino community holds this election in your hands. Some of the closest contests this November will be in states like Florida, Colorado, Nevada and New Mexico - states with large Latino populations."

THERE IS A REASON WHY OBAMA'S SEC. of (illegal) LABOR IS LA RAZA SUPREMACIST HILDA SOLIS!



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


OBAMA AND THE FUNDING OF MEXICAN FASCISM FROM THE WHITE HOUSE



FROM JUDICIAL WATCH



“PUNISH OUR ENEMIES”… does that mean assault the legals of Arizona that must fend off the Mexican invasion, occupation, growing criminal and welfare state, as well as Mex Drug cartels???


OBAMA TELLS ILLEGALS “PUNISH OUR ENEMIES”

Friends of ALIPAC,

Each day new reports come in from across the nation that our movement is surging and more incumbents, mostly Democrats, are about to fall on Election Day. Obama's approval ratings are falling to new lows as he makes highly inappropriate statements to Spanish language audiences asking illegal alien supporters to help him "punish our enemies."