Obama and the financial aristocracy
5 September 2014
Speaking before a trade union-organized “Laborfest” in Milwaukee, Wisconsin, in the middle of a speech filled with pseudo-populist rhetoric about “helping the middle class,” US President Barack Obama let slip the essence of his administration’s economic policy and the basic character of the capitalist system in the United States.“It’s a good thing that corporate profits are high,” he said. “I want American businesses to succeed. It’s a good thing that the stock market is booming.”
DID OBAMA PUNK AMERICANS AS BADLY AS IT LOOKS NOW? OR DID WE SIMPLY
NOT SEE THE “CHANGE” AS HIS WALL STREET LOOTERS AND PAYMASTERS RAN OFF WITH
IT???
"There
is a populist and conservative revolt against Wall Street and financial elites,
Congress and government," Democratic pollster Stanley Greenberg warned in
an analysis this week. "Democrats and President Obama are seen as more
interested in bailing out Wall Street than helping Main Street."
OBAMA, THE BANKSTER OWNED LA RAZA
DEM
“The response of the
administration was to rush to the defense
of the banks. Even before coming to
power, Obama expressed
his unconditional support for the bailouts, which he
subsequently expanded. He assembled an administration
dominated by the
interests of finance capital, symbolized by
economic adviser Lawrence Summers
and Treasury Secretary
Timothy Geithner.”
OBAMA – THE SOCIOPATH BANKSTERS FUNDED AND ILLEGALS REELECTED.
OBAMA
IS A SOCIOPATH. HE CAN LIE OUT OF HIS BIG MOUTH ABOUT ANYTHING AND THEN GO
SERVE HIS CRIMINAL BANKSTER DONORS AND LA RAZA!
But
the latest New York Times/CBS News poll shows something that is a
troublesome sign for the White House. Only 30 percent of
Americans believe that the president “cares a lot” about “the needs and
problems of people” like themselves.
Barack
Obama… the man that conned a nation and still called it “CHANGE”… but was only
Bush’s 3rd & 4th terms.
THE YEAR WAS 2009…
At the town hall in New Orleans, Obama appealed for patience. He said, “Change is hard, and big
change is harder.” Is that the excuse? Now where have I heard that before? Oh,
yeah. From George Bush.
SOCIOPATH
– OBAMA IS MERELY GEORGE BUSH IN DRAG
THE RISE of A SOCIOPATH NAMED BARACK OBAMA and the FALL OF
AMERICA.
IS OBAMA WHAT HAPPENS WHEN ILLEGALS VOTE?
THE
MAN THAT CALLED HIS HOAX “HOPE & CHANGE”
'Incompetent' and 'liar' among most frequently used words to
describe the president: Pew Research Center
more at this link – post on your Facebook and email broadcast
The larger fear is that
Obama might be just another corporatist, punking voters much as the Republicans
do when they claim to be all for the common guy.
OBAMAnomics: WALL STREET DONORS LOOT, ILLEGALS GET OUR JOBS
AND EVER EXPANDING WELFARE.
“According to a July 2013 report by the Associated Press,
“Four out of five US adults struggle with joblessness, near-poverty or reliance
on welfare for at least parts of their lives.”
This year’s Thanksgiving holiday, coming more than five
years after the Wall Street crash, highlights the devastating impact of mass unemployment
and budget cuts on tens of millions of Americans. It underscores as well the
increasing concentration of wealth in the hands of a tiny elite.
OBAMAnomics:
How Obama served his Wall Street paymasters by rigging the economy to keep it
in the pockets of the 1%.
“The
stock market is booming, the Forbes 400 are
richer than ever, yet the
conditions for youth and
workers are disastrous. War continues without end,
and
Obama has gone far beyond Bush in rendering
the Bill of Rights a dead letter.”
http://mexicanoccupation.blogspot.com/2014/01/how-barack-obama-destroyed-america-for.html
CRONY OBAMANOMICS – HOW OBAMA
SQUANDERED AMERICA FOR HIS LOOTING WALL STREET BANKSTERS!
$3.39T Quantitative Explosion: Fed Owns More
Treasuries and MBSs Than Publicly Held Debt Amassed From Washington Through Clinton.
THE RISE OF BARACK OBAMA and the FALL of AMERICA
HOW A SOCIOPATH CONNED A NATION CALLING IT “HOPE &
CHANGE” AND THEN BECAME GEORGE BUSH’S THIRD & FORTH TERMS ON STEROIDS.
Income
inequality grows four times faster under
Obama than Bush …. we bankroll Mexico's welfare state in our borders as the number of
Americans (Legals) sink into poverty! Illegals also get all the jobs!
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.
SOARING POVERTY IN AMERICA – SOARING PROFITS FOR WALL STREET
CRONY CAPITALISM: HOW OBAMA KEPT HIS PROMISE TO MAKE THE
RICH RICHER AND VOTING ILLEGALS GET OUR JOBS, WELFARE AND LA RAZA SUPREMACY OFF
THE GRINGOS’ BACKS.
OBAMANOMICS AT WORK:
RASMUSSEN:
Americans (Legals) say hell no to more of Mexico’s looting.
But
Obama vows bit by bit by bit amnesty is just as good and working now!
Most voters
oppose President Obama's reported plan to unilaterally grant amnesty to several
million illegal immigrants and think Congress should challenge him in court if
he goes ahead with it
OBAMANOMICS AT WORK... just not for you!
OBAMANOMICS AT WORK... just not for you!
Median income, wealth have dropped since 2010
The average American family's finances continued to suffer long after the recession ended and the recovery began, new data show.
Median family income fell 5 percent between 2010 and 2013, according to a survey released by the Federal Reserve on Thursday, from $49,000 to $46,700. Median family wealth also fell by 2 percent, to $81,200.
The losses came even though the recession officially ended in 2009 and the country began gaining jobs 2010.
But although the ensuing recovery failed to boost the fortunes of middle-class families, it did aid the rich. Average income grew 4 percent, even though "only families at the very top of the income distribution saw widespread income gains between 2010 and 2013," according to the Fed.
Median family income fell 5 percent between 2010 and 2013, according to a survey released by the Federal Reserve on Thursday, from $49,000 to $46,700. Median family wealth also fell by 2 percent, to $81,200.
The losses came even though the recession officially ended in 2009 and the country began gaining jobs 2010.
But although the ensuing recovery failed to boost the fortunes of middle-class families, it did aid the rich. Average income grew 4 percent, even though "only families at the very top of the income distribution saw widespread income gains between 2010 and 2013," according to the Fed.
The survey results "confirm that the shares of income and wealth held by affluent families are at modern historically high levels," Fed researchers wrote in a summary of the data.
Unlike other data sources, such as tax data, which show the top 1 percent or even the top 0.1 percent growing apart from the rest of the distribution, the Fed statistics show that rising inequality is being driven by the top 3 percent. That group's share of income has grown from 28 percent to 31 percent since 2010, although it was even higher before the recession.
Meanwhile, wealth inequality has been growing uninterruptedly. The share of wealth by the top 3 percent rose from 45 percent in 1989 to 52 percent in 2007 and then to 54 percent in 2013.
The Fed's data, taken from its Survey of Consumer Finances, is considered the most comprehensive source of information about Americans' wealth. More than 6,000 families were interviewed for the data set.
The data corroborate other indications that the typical American family has failed to recover the wealth lost when the housing bubble burst, although the report's estimate for median family wealth is higher than that from other data.
Unlike other data sources, such as tax data, which show the top 1 percent or even the top 0.1 percent growing apart from the rest of the distribution, the Fed statistics show that rising inequality is being driven by the top 3 percent. That group's share of income has grown from 28 percent to 31 percent since 2010, although it was even higher before the recession.
Meanwhile, wealth inequality has been growing uninterruptedly. The share of wealth by the top 3 percent rose from 45 percent in 1989 to 52 percent in 2007 and then to 54 percent in 2013.
The Fed's data, taken from its Survey of Consumer Finances, is considered the most comprehensive source of information about Americans' wealth. More than 6,000 families were interviewed for the data set.
The data corroborate other indications that the typical American family has failed to recover the wealth lost when the housing bubble burst, although the report's estimate for median family wealth is higher than that from other data.
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