Thursday, December 19, 2013

SLASHING BENEFITS TO PAY FOR WALL STREET DONORS' LOOTING - US Senate approves bipartisan austerity budget

US Senate approves bipartisan austerity budget

The budget does not include an extension of federally funded benefits for the long-term unemployed. As a result, cash benefits for 1.3 million workers and an estimated total of 3.9 million people, counting family members, will be cut off right after Christmas. The government has said that, unless the program is restored, as many as 15 million people will be affected by the end of 2014.

The Obama White House hailed the budget deal as offering “green shoots of hope” for more collaboration between the Democratic and Republican parties in 2014. “The year is ending with some real positive signs,” Dan Pfeiffer, a senior adviser to Obama, told the New York Times .

The supposedly intractable conflict between the two corporate-controlled right-wing parties is largely an effort to distract the American population and conceal the two-party consensus on slashing spending that benefits working people, the poor and the elderly, in favor of tax breaks for corporations and the wealthy and financing continued military aggression around the world.

Wall Street celebrates Fed announcement, sending US stocks to record highs


THE TWO AMERICAS under Obama: 

THE 1%’S WALL STREET CORPORATE WELFARE STATE and LA RAZA – MEXICO’S FASCIST WELFARE STATE in AMERICA…

American’s get the tax bills for Wall Street and MEXICO’S looting!


HOPE and CHANGE and endless lies and con jobs as his WALL STREET DONORS’ LOOTING of AMERICA CONTINUES!

Having presided for the past five years over an unprecedented growth of social inequality, President Barack Obama, down in the polls because of popular indignation over his fraudulent health care “reform,” adopted the unlikely pose of tribune of egalitarian values in a speech on Wednesday at the pro-Democratic Party Center for American Progress in Washington DC.

http://mexicanoccupation.blogspot.com/2013/12/the-bankster-owned-president-for-1.html

In typical fashion, Obama decried the growth of inequality in America as though he were an innocent bystander and had absolutely no role in the process he was criticizing. The most remarkable aspect of the speech was the contempt for the intelligence of the American people it expressed.


Income inequality grows four times faster under Obama than Bush


The study noted that, in the aftermath of the Great Depression, the US undertook policies “during the New Deal [that] permanently reduced income concentration until the 1970s.” In contrast, the study noted a striking absence of any measures to reign in social inequality in the present crisis. Far from it, the Obama administrations’ bank bailouts, austerity program and wage-cutting policies have vastly expanded the prevalence of social inequality.

On fifth anniversary of Wall Street crash, Obama tries the Big Lie technique


17 September 2013

 

On Monday, US President Barack Obama marked the fifth anniversary of the Wall Street crash of September 15, 2008 with a White House speech that only underscored the unbridgeable chasm that separates the entire political establishment from the broad mass of working people.

 

http://mexicanoccupation.blogspot.com/2013/09/crony-capitalism-obama-celebrates-5.html

 

Forbes magazine reported that the wealth of the 400 richest Americans had climbed to $2 trillion, a jump from $1.7 trillion in 2012.

Wealth of world’s billionaires doubles since 2009…under Obama Bankster donors’ profits AND crimes have soared. So has poverty for Americans (legals), foreclosures and the number of illegals that get our jobs and welfare! Almost 70% of all illegals receive some kind of welfare along with our jobs!


11 November 2013
 

Even as workers in the US and other countries have seen their incomes plummet, the combined net worth of the world’s billionaires has doubled since 2009, according to a report published Tuesday by UBS and Wealth-X, a consultancy that tracks super-rich individuals.

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