Thursday, August 21, 2014

CRONY CAPITALISM AT WORK: Inequality vs. Capitalism | The Weekly Standard

Inequality vs. Capitalism | The Weekly Standard

THE ENTIRE BASIS OF AMNESTY IS TO KEEP WAGES DEPRESSED.

“Tech tycoons like Larry Ellison and Mark Zuckerberg have gotten rich while wages in the technology sector have stagnated.”

Tech firms fight hiring rules in immigration bill

Americans would "be shocked to know that most of the H-1B visas … are going to outsourcing companies," Sen. Dick Durbin, D-Ill., said during a recent hearing.



Fed projects high US unemployment into 2015…so they keep the borders open for hordes more illegals, and continue to import boatloads of Indians and Chinese for tech jobs!

By CHRISTOPHER S. RUGABER

WASHINGTON (AP) — The Federal Reserve foresees unemployment remaining high into 2015, suggesting it will keep short-term interest rates near record lows at least until then.


IT STARTED WITH BILL CLINTON; THE UNLEASHING OF WALL STREET'S STAGGERING GREED AND ECONOMIC CRIME TIDAL WAVE. THEN BUSH SENT IT INTO OVERDRIVE AND BANKSTER-OWNED BARACK OBAMA PUT IT ON STEROIDS!

THE BANKSTER HAVE ALL BUT DESTROYED THE ASSETS OF THE AMERICAN MIDDLE CLASS AS INVESTED IN THEIR HOME, AND THEN HANDED THE TAX BILLS TO COVER THEIR CRIMES, BAILOUTS AND BONUSES!


The top tenth of one percent of earners feel the tax system unfairly expropriates too large a portion of their incomes, bloated though those after-tax incomes are with special tax advantages. Those in the top 1 percent who have not made it to the top 0.1 percent say it is unfair that they should have to charter jets while the 0.1 percent own their jets: Hillary Clinton, a jet-charterer, feels “broke” because jet-owning funders of her campaign are richer.

Open immigration, which also keeps the wages of unskilled workers down and relieves Silicon Valley employers of the cost of training American programmers and such, has a similar effect: it is good if you have a large lawn, not so good if you are trying to make a living mowing lawns.   



WALL STREET LOOTS! 

THE STAGGERING COST OF OBAMA’S CORPORATE WELFARE PROGRAM:  

http://mexicanoccupation.blogspot.com/2014/02/the-staggering-cost-of-obamas-crony.html
 

LIKE HIS CRONY BANKSTERS, Tech CEOs literally got access to the Oval Office while the bill was being shaped, the New York Times reported in those heady early days of Hope and Change, while the CEOs’ lobbyists met down the hall with top economics aide Jason Furman.

 

THE DEATH OF THE AMERICAN MIDDLE CLASS

OBAMA’S WALL STREET DRIVE CRONY CAPITALISM


The Great Recession should have put the victim-blaming theory of poverty to rest. In the space of only a few months, millions of people entered the ranks of the officially poor—not only laid-off blue-collar workers, but also downsized tech workers, managers, lawyers, and other once-comfortable professionals. No one could accuse these “nouveau poor” Americans of having made bad choices or bad lifestyle decisions. They were educated, hardworking, and ambitious, and now they were also poor—applying for food stamps, showing up in shelters, lining up for entry-level jobs in retail. This would have been the moment for the pundits to finally admit the truth: Poverty is not a character failing or a lack of motivation. Poverty is a shortage of money.
 
Tech firms fight hiring rules in immigration bill…. NO
 AMERICANS NEED APPLY!!!
Americans would "be shocked to know that most of the H-1B visas … are going to outsourcing companies," Sen. Dick Durbin, D-Ill., said during a recent hearing.

Story Highlights

  • Bill provision that would require firms to post jobs for Americans is targeted
  • Technology firms have spent millions on lobbying on immigration
  • Judiciary Committee set to start working on bill
WASHINGTON – Technology firms, exercising new political clout on Capitol Hill, are lobbying against a measure in the leading Senate immigration bill that would make it harder for them to recruit workers from abroad without first taking steps to hire Americans for highly skilled jobs in programming, engineering and other fields.
H-1B VISAS – THE CONSPIRACY TO KEEP WAGES DEPRESSED WITH ENDLESS BOATLOADS OF FOREIGNERS IMPORTED TO LOOT OUR JOBS

 IBM OUTSOURCES

Whether it’s through the exporting of jobs overseas or the importing of foreign workers, the hiring and lobbying practices of big business have big results. The relentless pursuit of the bottom line, whether through offshoring or packing payrolls with immigrants eager for an American job at any wage, lowers the living standard of all citizens.
http://mexicanoccupation.blogspot.com/2014/08/ibm-outsourcing-and-looting-its-part-of.html



Sage Foundation: Wealth "Inequality" Will Continue to Worsen

Written by  Bob Adelmann

In another so-called research study about wealth inequality, the liberal think-tank Sage Foundation said in June that while the super-rich have fully recovered from the Great Recession, the vast majority of Americans have not. Specifically their report shows that median household net  worth “was $32,000 lower in 2013 than it was 10 years earlier,” a decline of 36 percent. It concluded:

These wealth losses, however, were not distributed equally.… Wealth inequality increased significantly from 2003 through 2013; by some metrics inequality roughly doubled.

 (SEE LINK TO BLOG BELOW)

http://mexicanoccupation.blogspot.com/2014/08/america-under-obamas-crony-capitalism.html

CRONY CAPITALISM at work

Obama’s “recovery” and the social crisis in America … the recovery that
NEVER was!
http://mexicanoccupation.blogspot.com/2014/08/america-under-obamas-crony-capitalism.html


CRONY CAPITALISM and WEALTH INEQUALITY in AMERICA

How Barack Obama destroyed the American middle class and built Mexico’s LA RAZA welfare state in America.
http://mexicanoccupation.blogspot.com/2014/07/wealth-inequality-in-america-how-barack.html


SOARING WELFARE FOR ILLEGALS, they also get our jobs AND SOARING POVERTY FOR AMERICANS who still get the tax bills for LA RAZA’S MEX WELFARE STATE IN our open borders.

The report demonstrates how nearly every section of society, except for the rich and super-rich, has seen a massive loss in wealth since 2003.


THE LOOTERS: OBAMA and his CRIMINAL CRONY BANKSTERS…. their looting only gets better by the day!


Democracy in America and around the world is collapsing under the weight of immense and ever-growing levels of social inequality, bound up with the domination of a financial mafia that uses its political power to enrich itself at the expense of society. Congress, the White House, the courts, the regulators, the Democrats and Republicans are all subservient to this financial aristocracy.


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.

JOBS – WORST UNDER OBAMA SINCE THE DEPRESSION ...meanwhile millions of Mexicans have jumped our borders and jobs for obamacare, LA RAZA welfare, anchor baby welfare and to vote dem for more!!!

more at this link – post on your Facebook and email broadcast


http://mexicanoccupation.blogspot.com/2013/08/two-thirds-of-all-jobs-under-obama-go.html



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