Tuesday, November 25, 2014

WALL STREET'S LOOTING OF AMERICA: The impoverishment of industrial workers in America

The impoverishment of industrial workers in America

The impoverishment of industrial workers in America

25 November 2014
Recent reports highlight a historic reversal in the wages and living standards of industrial workers in America, which accelerated in the aftermath of the global economic crash of 2008. The reports shed light on the reality behind Obama’s “economic recovery” and the basis for the record profits being piled up by American corporations and financial institutions.



WAL-MART: Their assault on the American worker


Wal-Mart jobs have become synonymous with poverty wages and poor working conditions. Hundreds of thousands of Wal-Mart workers rely on food stamps, other public programs and food banks simply to get by, and American taxpayers pay $6.2 billion annually to subsidize Wal-Mart's poverty wages.

UNIONS PARTNER WITH WALL STREET-OWNED
BARACK OBAMA and MEXICO TO KEEP WAGES
DEPRESSED

These are self-serving lies pumped out by the ruling class through its political servants and media apologists. Since the financial crash of 2008, the Obama administration’s pro-business policies of bank bailouts, virtually free money for the banks from the Federal Reserve, wage and benefit cuts for auto workers, corporate tax cuts and deregulation have transferred trillions from the working class to the super-rich.


 
Instead, the financial oligarchy that controls the economy and both big-business parties is determined to steal the pensions that tens of millions need to survive and return workers to the dark days when they labored without end until they died.


OBAMA’S AMNESTY HOAX: Soaring welfare for illegals…
 they already get our jobs!


"President Obama is going rogue, doubling-down, and driving full speed towards a constitutional crisis," Representative Bob Goodlatte, a Virginia Republican who’s chairman of the House Judiciary Committee, said in a statement.


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