Saturday, February 22, 2014

LOS ANGELES: MEXICO'S FIRST DUMPSTER


Strong L.A. economy boosts income inequality in city, study says

A relatively strong local economy in Los Angeles, which is stoking the fortunes of its higher-income residents, is helping boost income disparity in the city, the Brookings Institution study shows.

By Walter Hamilton
5:30 PM PST, February 21, 2014
Los Angeles has one of the highest levels of income inequality in the nation, but that's due in part to a relatively strong local economy that's stoking the fortunes of higher-income people, according to a new study.

Of the 50 largest U.S. cities, L.A. has the ninth-highest level of income disparity, according to the analysis by Brookings Institution, a Washington think tank. The top three are Atlanta, San Francisco and Miami.

Inequality has become a flash point nationwide as the wealth of top earners surges while the middle and lower classes grapple with stubborn income stagnation. Politicians have clashed loudly on what's driving the dichotomy, and what steps, if any, should be taken to reverse it.

The study found, however, that rising inequality may simply be an unavoidable byproduct of robust local economies that plump the incomes of coveted workers.

Fast-growing industries with highly paid employees — such as technology, finance and entertainment — tend to cluster in large metropolitan areas, said Alan Berube, a Brookings researcher who specializes in inequality. And the ongoing gentrification of many cities, such as in downtown Los Angeles, is drawing wealthier people.

At the same time, big cities also draw large numbers of low-income people seeking lower-skilled jobs.

The study analyzed inequality in the 50 largest U.S. cities in 2012. It compared the earnings of a family exactly at the top 5% — that is, at the 95th percentile of all U.S. households — to one at the 20th percentile.

The average annual income of a top 5% family was 10.8 times higher than a bottom 20% household. For the country as a whole, the ratio was 9.1 to 1.

"It's not necessarily a bad thing that big cities are home to more rich and poor than the rest of the country," Berube said. "The question is how do cities and leaders navigate that but keep their cities diverse and able to provide opportunities for upward mobility."

In L.A., a top 5% household made an average $218,000. That was 12.3 times higher than a 20% household.

The study analyzed only the city of L.A. It did not include nearby areas with well-heeled residents, such as Beverly Hills or Santa Monica.

The inequality debate intensified after President Obama in December called it "the defining challenge of our time."

Critics worry that income imbalances weaken cities by hiving off rich from poor. Among other things, that can push out younger residents, lead to pockets of entrenched poverty and undermine school quality.

Even some extremely wealthy Americans acknowledge the threat of rising inequality.
"It's a genuine problem," Stephen Schwarzman, the chief executive of private-equity giant Blackstone Group, said in an interview with The Times on Thursday. "It's been growing for over 30 years. It's not recent. It's something that has to be addressed."

San Francisco illustrates the dynamic of a vibrant economy exacerbating the gap between rich and poor.
The tech boom has dramatically pushed up the earnings of those at the top.
The average $353,000 income for a top 5% household towered over that of every other city. Its inequality ratio was 16.6 to 1.

In Atlanta, a top 5% family took in $280,000, compared with less than $15,000 for a bottom 20% family.

Inequality tends to be lower in cities with less robust economies, where there is less of a gap between the highest and lowest paid, according to Brookings.

Altogether, 18 cities in the Brookings study suffered a statistically significant rise in inequality from 2007 to 2012. But that was due more to the bottom dropping out for low-income people in the last recession.

"Most were not places where the rich made astronomical gains, but where low-income households suffered most from the recession and weak recovery," the study said. "Many are Southern and Western cities — including Sacramento, Charlotte, [N.C.], Tucson, Fresno, and Albuquerque — where house-price collapses reduced work opportunities for poor households."
walter.hamilton@latimes.com


California’s homeless: Casualties of class warfare

IN LOS ANGELES, MEXICANS GET ALL THE JOBS, MUCHO WELFARE, AND LIVE IN THE $2 BILLION DOLLAR TAX-FREE MEX UNDERGROUND ECONOMY… THEY ALSO GET FREE MEDICAL, EDUCATION AND EVERYTHING THEY VOTE FOR! 

Last November the US Department of Housing and Urban Development (HUD) released its 2013 Annual Homeless Assessment Report which found that southern California remains home to the largest homeless population in the country.

 

latimes.com/opinion/editorials/la-ed-0109-2020-20140109,0,3366207.story

latimes.com

Editorial

How grim is L.A.'s future?

The 2020 Commission lays out a litany of problems. Now for the hard part: practical solutions.

By The Times editorial board

January 9, 2014

A new report put together by a dozen of Los Angeles' most prominent business, labor and civic leaders offers a dire view of the city. L.A. is "barely treading water," the report states somberly. It's a "city in decline." Once a "beacon of innovation," L.A. is now "becoming less livable."

The report of the Los Angeles 2020 Commission should serve as a stark reality check for those Angelenos who believe that with the end of the financial downturn, L.A. is poised for a healthy, happy recovery. The city, according to the report, is afflicted with weak job growth; high poverty; bad traffic; underperforming schools; weak, inactive government; red tape that stifles economic development; crumbling infrastructure; unfunded pensions; budget gimmicks and a disaffected electorate. Yes, L.A. has the "ingredients" to be a great 21st century city, and yes, certain promising first steps that have been taken, but all in all, the tone of the report is that of an urgent wake-up call.

There's certainly value in compiling a list of L.A.'s woes, even if many of them are already well known. The co-chairs of the commission, former U.S. Commerce Secretary Mickey Kantor and former L.A. Deputy Mayor Austin Beutner, note that you can't solve a problem until everyone agrees there is one. And the commissioners make a convincing case that L.A. is falling behind other major cities.

But it is not enough to lay out the city's problems with "candor," as the report purports to do. Nor is it sufficient to declare a "crisis in leadership" and hope to shame L.A.'s political leaders into action. The commission's real work — the difficult part — is to come up with practical recommendations to change government and civic culture to make Los Angeles competitive on the national and international stage.

For that, we must wait another 90 days. It turns out this is just Part 1.

The commission was created last March at the request of City Council President Herb Wesson after voters rejected a half-cent sales tax increase to help balance the city budget. Its mandate was to figure out how the city could create jobs, attract business investments and create financial stability. It is made up of 13 members with very different viewpoints, representing business, labor, public sector, not-for-profits, academia. If they can reach consensus on, say, how to pay for public pensions and still have enough left to pay for city services, or how to permit economic development without compromising neighborhood and environmental concerns, their suggestions would carry tremendous weight.

The commission has gone to great lengths to outline the seriousness of L.A.'s problems. We hope the recommendations are as bold and direct as the criticisms.

*

THESE FIGURES ARE DATED

OTHER SOURCES: Similar figures LOS ANGELES TIMES reports that California spends 9 billion on social services for illegals. 60% of the counties in the United States have serious meth problems. Meth that comes from Mexico. Part of Mexico’s 5 billion dollar drug export business. An estimated 8,200 Illegal Immigrants cross the border each day. 57,400 a week . 250,000 a month. 84 hospitals in California alone have closed or are scheduled to close due mostly to rising costs of caring for uninsured Illegal Immigrants since 1993. It is estimated that 50% of their services went to Illegal Immigrants who did not pay their bills. According to the American Hospital Association the estimated uncompensated cost of care in 2000 was $21.6 billion. Roughly 6% of total expenses. The government allotted only $1 billion to help cover those costs. Anchor babies account for roughly 10% of all US births. In 2003, anchor babies accounted for 70% of all births in San Joachim General Hospital in Stockton, California. US taxpayers spent an estimated $7.4 Billion in 2003 to educate illegal immigrants. 34% of students in the Los Angeles school system are illegals or children of illegals. Two thirds of Illegal Immigrants adults DO NOT have a high school degree or equivalent. The illiteracy rate for Illegal Immigrants is 2.5 times higher than that of US Citizens. Nearly 25% of all inmates in California detention centers are illegal aliens from Mexico. 29% or a whopping 630,000 convicted illegal alien felons fill our state and federal prisons at a cost of $1.6 billion annually; not to mention the tragedies in death, drugs, crime and misery they have caused American families.

L.A.County's $48 Million Monthly Anchor Baby Tab

Last Updated: Wed, 08/12/2009 - 11:24am

Taxpayers in the nation’s most populous county dished out nearly $50 million in a single month to cover only the welfare costs of illegal immigrants, representing a whopping $10 million increase over the same one-month period two years ago. 

In June 2009 alone Los Angeles County spent $48 million ($26 million in food stamps and $22 million in welfare) to provide just two of numerous free public services to the children of illegal aliens, which will translate into an annual tab of nearly $600 million for the cash-strapped county. 

The figure doesn’t even include the exorbitant cost of educating, medically treating or incarcerating illegal aliens in the sprawling county of about 10 million residents. Los Angeles County annually spends more than $1 billion for those combined services, including $400 million for healthcare and $350 million for public safety. 

The recent single-month welfare figure was obtained from the county’s Department of Social Services and made public by a county supervisor (Michael Antonovich) who assures illegal immigration continues to have a “catastrophic impact on Los Angeles County taxpayers.” The veteran lawmaker points out that 24% of the county’s total allotment of welfare and food stamp benefits goes directly to the children of illegal aliens—known as anchor babies—born in the United States.  

A former fifth-grade history teacher who has served on the county’s board for nearly three decades, Antonovich has repeatedly come under fire for publicizing statistics that confirm the devastation illegal immigration has had on the region. Antonovich represents a portion of the county that is roughly twice the size of Rhode Island and has about 2 million residents.

Numerous other reports have documented the enormous cost of illegal immigration on a national level. Just last year a renowned economist, who has thoroughly researched the impact of illegal immigration, published a book breaking down the country’s $346 billion annual cost to educate, jail, medically treat and incarcerate illegal aliens throughout the U.S.

*

WELFARE COSTS FOR CHILDREN OF ILLEGAL ALIENS IN L.A. COUNTY OVER $48 MILLION IN JUNE


 

August 11, 2009—Figures from the Department of Public Social Services show that children of illegal aliens in Los Angeles County collected nearly $22 million in welfare and over $26 million in food stamps in June, announced Los Angeles County Supervisor Michael D. Antonovich.  Projected over a 12 month period – this would exceed $575 million dollars.

Annually the cost of illegal immigration to Los Angeles County taxpayers exceeds over $1 billion dollars, which includes $350 million for public safety, $400 million for healthcare, and $500 million in welfare and food stamps allocations.  Twenty-four percent of the County’s total allotment of welfare and food stamp benefits goes directly to the children of illegal aliens born in the United States.

“Illegal immigration continues to have a catastrophic impact on Los Angeles County taxpayers,” said Antonovich.  “The total cost for illegal immigrants to County taxpayers exceeds $1 billion a year – not including the millions of dollars for education.”
 

 
LA RAZA LOOTING:
http://mexicanoccupation.blogspot.com/2014/02/when-mexicans-loot-la-raza-corruption.html
Calderon, a Montebello Democrat, who faces up to 395 years in prison, allegedly took kickbacks from former Long Beach hospital operator Michael Drobot, who perpetrated one of the largest healthcare fraud schemes in California history, U.S. Atty. Andre Birotte said Friday.


THE LA RAZA DRUG CARTELS IN LOS ANGELES


Inside the Cartel - First of four parts


Unraveling Mexico's Sinaloa drug cartel


As drug smugglers from the Sinaloa cartel in


Mexico sent a never-ending stream of cocaine


across the border and into a vast U.S.


distribution web in Los Angeles, DEA agents


were watching and listening.





THE DEMOCRAT PARTY BUILDING THE LA RAZA MEXICAN WELFARE STATE OFF OUR BACKS. ARE THEY BUYING THE ILLEGALS’ VOTES??? You bet!

As Maywood Goes, So Goes the Country

Maywood, California, then, with an estimated illegal
population of 22,500, about half the city’s population, is a
microcosm of what happens when illegals become dominant
in a city.
http://mexicanoccupation.blogspot.com/2014/07/the-city-of-maywood-mexifornia-case.html

Extrapolating these two examples across the nation paints a frightening picture: Illegal aliens are not only weakening the country financially, but are also often enticed to come here because of governmental social-welfare programs that should not even exist much less be available to illegal residents. The cost to American taxpayers is billions of dollars.







WHEN MEXICANS LOOT: LA RAZA CORRUPTION in MEXIFORNIA - STATE SEN. RON CALDERON FACES 395 YEARS

WILL THE DEMOCRAT PARTY, THE MEXICAN FASCIST PARTY of LA RAZA and MEXICO DESTROY CALIFORNIA? ISN’T IT ALREADY A LOOTED WELFARE COLONY OF MEXICO’S WHERE ALL THE JOBS ALSO GO TO MEXICANS?
DEMS PARTY of ILLEGALS
THE LA RAZA “THE RACE” DEMOCRAT PARTY… DEDICATED TO CUTTING SOCIAL PROGRAMS FOR AMERICANS (Legals) TO BUILD THE MEXICAN WELFARE STATE IN AMERICA.
THE DEMS PROMISE LEGALIZATION of MEXICO’S LOOTING WITH AMNESTY, OR CONTINUED NON-ENFORCEMENT, OPEN BORDERS, NO E-VERIFY and NO LEGAL NEED APPLY!
PUSH 2 FOR ENGLISH?

latimes.com

VIVA LA RAZA?

State Sen. Ron Calderon faces 395 years for alleged bribery scheme

By Richard Winton
4:03 PM PST, February 21, 2014
The U.S. attorney in Los Angeles on Friday painted a picture of government for sale as he announced that state Sen. Ron Calderon had been indicted on suspicion of taking roughly $100,000 in bribes, meals and trips in exchange for favorable legislation.

Calderon, a Montebello Democrat, who faces up to 395 years in prison, allegedly took kickbacks from former Long Beach hospital operator Michael Drobot, who perpetrated one of the largest healthcare fraud schemes in California history, U.S. Atty. Andre Birotte said Friday.

Drobot allegedly exploited state insurance law to the tune of hundreds of millions of dollars from spinal surgeries.

Calderon and his relatives also took money from people they believed were connected to a Hollywood studio that in fact was an FBI front.

While representing the public, Birotte said, Calderon was accepting meals, trips and vacations from those seeking legislation and getting his children onto their payrolls.

"Public corruption is a betrayal of the public trust that threatens the integrity of our democratic institutions," Birotte told reporters at a news conference Friday.

Calderon, 56, faces 24 counts of fraud, wire fraud, honest services fraud, bribery, conspiracy to commit money laundering, money laundering and aiding in the filing of false tax returns.
His attorney, Mark Geragos, said the senator would surrender to federal authorities Monday.

"Nobody ever welcomes an indictment," Geragos said. "We welcome the opportunity to disprove these allegations in a courtroom."

Birotte said the state essentially sold his vote and worked to shape or block legislation for the benefit of Drobot, the one-time owner of Pacific Hospital in Long Beach.

In exchange, Drobot hired Ron Calderon's college-age son to work as a file clerk, paying him approximately $30,000 over the course of three summers, even though he showed up for only about two or three weeks, Birotte said.

Ron Calderon also allegedly accepted plane trips, golf outings and expensive dinners from Drobot. The senator allegedly arranged meetings between Drobot and other public officials in an attempt to persuade them to assist with favorable legislation.

Calderon's brother, Thomas Calderon, 59, faces one charge of conspiracy to commit money laundering and multiple counts of money laundering for his alleged role in the scheme.
The former assemblyman, who most recently served as a consultant for the Central Basin Water District, surrendered to federal authorities Friday. He could face 160 years in prison.
Ron and Thomas Calderon have denied any wrongdoing.

At the center of the scheme was Drobot's spinal surgery business, which federal authorities say exploited California’s insurance laws that allowed hospitals to charge insurers the full cost of medical tools and hardware used in surgeries, causing the cost of the procedures to skyrocket.

Drobot admitted to exploiting the so called "spinal pass-through" by using hardware that was purchased at deliberately inflated prices from companies he controlled. Drobot, according to the indictments, allegedly bribed Ron Calderon to ensure the law was not changed, thereby maintaining the lucrative scheme.

As part of the plea deal, Birotte said, Drobot must cooperate with prosecutors, and that includes testifying about others, including the Calderons. Drobot is not charged with acts related to the Calderons.

Prosecutors allege Drobot billed workers' compensation insurers hundreds of millions of dollars for spinal surgeries performed on patients who had been referred by dozens of doctors, chiropractors” and others who were paid illegal kickbacks.

For spinal surgery referrals, Drobot typically paid a kickback of $15,000 per lumbar fusion surgery and $10,000 per cervical fusion surgery -- even though some of the patients lived hundreds of miles away from Pacific Hospital, and closer to other qualified medical facilities.

Drobot, 59, of Corona Del Mar, said in a statement that he is cooperating with prosecutors. He agreed to plead guilty Friday to conspiracy and paying illegal kickbacks, Birotte said.

According to court documents, Drobot also admitted to two counts of paying illegal kickbacks to doctors and other medical professionals for referrals to his spinal surgery businesses. He faces up to 10 years in prison.

“Corruption victimizes each and every one of us. " said Bill Lewis, the assistant director in charge of the FBI’s Los Angeles field office. "In addition to robbing us of taxpayer money, corrupt practices rob us of trust in government.”

Ron Calderon is also accused of taking bribes from what turned out to be an undercover FBI agent posing as the operator of an independent studio in downtown L.A. In return, Birotte said Ron Calderon agreed to support legislation reducing the threshold for productions to be eligible for film tax credits from $1 million to $750,000.

According to the indictment, Ron Calderon agreed to help the undercover FBI agent in exchange for Calderon's daughter being paid $3,000 a month for job she never did. The daughter eventually received $40,000, prosecutors allege.

In addition, prosecutors say Ron Calderon got $5,000 for his son’s college tuition at Berklee School of Music and another $25,000 for a nonprofit run by his brother, Thomas Calderon.

SHE WAS APPOINTED BY HISPANDERING BARACK OBAMA TO EASE MILLIONS OF MEXICANS INTO OUR JOBS AND VOTING BOOTHS.

DURING OBAMA’S FIRST TERM ALONE TWO-THIRDS OF ALL JOBS WENT TO IMMIGRANTS, BOTH LEGAL AND ILLEGAL!

“Labor Secretary Hilda Solis, a former California congresswoman with close ties to the influential La Raza movement, announced the “We Can Help” project with great fanfare a few days ago.”

http://mexicanoccupation.blogspot.com/2013/11/hilda-solis-runs-for-los-angeles-county.html

 

SHE IS A LA RAZA SUPREMACIST AND SUPPORTER OF MEXICAN FASCISM AND THE EXPANSION OF THE MEXICAN WELFARE STATE in AMERICA – THEY ALREADY GET OUR VOTES.

 

“WE WILL TAKE CONTROL OF OUR COUNTRY (U.S.) BY VOTE IF POSSIBLE AND VIOLENCE IF NECESSARY!”

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


FOOLS STILL THINK MEXICANS ARE NOT VOTING FOR LA RAZA SUPREMACY. THEY VOTE IN DROVES FOR RACIST LA RAZA SUPREMACIST GIL CEDILLO!

WHEN ILLEGALS ELECT MEXICANS, THAT LA RAZA SUPREMACIST CONSIDERS MEXICANS THEIR SOLE CONSTITUENCY, BOTH LEGAL AND ILLEGALS!


But that nickname diminishes Cedillo, who should be taken seriously. When it comes to representing the interests of illegal immigrants Gil Cedillo is a true believer.

LA’s own ‘secretary of state’ not looking after our interests

By Doug McIntyre, Los Angeles Daily News

Our secretary of state was one busy diplomat last week scrambling to get ahead of a mushrooming crisis.

THE DEMOCRAT PARTY BUILDING THE LA RAZA MEXICAN WELFARE STATE OFF OUR BACKS. ARE THEY BUYING THE ILLEGALS’ VOTES??? You bet!

As Maywood Goes, So Goes the Country

Maywood, California, then, with an estimated illegal
population of 22,500, about half the city’s population, is a
microcosm of what happens when illegals become dominant
in a city.
http://mexicanoccupation.blogspot.com/2014/07/the-city-of-maywood-mexifornia-case.html

Extrapolating these two examples across the nation paints a frightening picture: Illegal aliens are not only weakening the country financially, but are also often enticed to come here because of governmental social-welfare programs that should not even exist much less be available to illegal residents. The cost to American taxpayers is billions of dollars.



 

NARCOmex: OBAMA SUPPORTER JOAQUIN "El Chapo" GUZMAN CAPTURED. MEXICAN AUTHORITIES HAVE YET TO RELEASE HIM OUT THE BACK DOOR

latimes.com

Mexico's most wanted drug lord captured, U.S. official says

By Tracy Wilkinson
8:35 AM PST, February 22, 2014

MEXICO CITY -- Joaquin Guzman, "El Chapo," the most wanted drug lord in Mexico and a multibillionaire fugitive, has been captured, a senior U.S. official said Saturday.
Few details were available. But Guzman has long been considered the top prize and most elusive figure in an extensive, ongoing drug war that has left tens of thousands of Mexicans dead.
Guzman led the Sinaloa cartel, the most powerful, richest and oldest of the drug-trafficking networks in Mexico. The group is responsible for the shipment of tons of cocaine and marijuana to the U.S.
The senior official said Guzman was captured early Saturday in the Sinaloa city of Mazatlan and was being transported to Mexico City. No shots were fired in the capture, the source said, which was based on information from an informant.

In recent days, the Mexican marines have been raiding numerous properties in Sinaloa belonging to close associates of Guzman.

Guzman was arrested in Guatemala in 1993 but escaped from prison in 2001 and has been on the lam ever since.


HEROIN

 

WHY THE MEXICAN DRUG CARTELS LOVE OBAMA:

 

SURGE IN MEX DRUGS THROUGH OBAMA’S OPEN BORDERS

 

According to the report, the amount of heroin seized at the southern U.S. border increased 232% between 2008 and 2012 — apparently the result of greater Mexican heroin production and a growing incursion by Mexican traffickers into U.S. markets. It notes that the U.S. is experiencing a “sizable increase” in the number of new heroin users.


http://mexicanoccupation.blogspot.com/2013/11/obamas-open-and-undefended-borders.html

THE MEX HEROIN TIDAL WAVE SWEEPS AMERICA

RESULTING FROM THE DEMS’ SABOTAGE OF AMERICAN BORDERS TO BUILD THEIR LA RAZA PARTY BASE OF ILLEGALS, THE MEXICAN DRUG CARTELS NOW OPERATE IN MORE THAN 2,500 AMERICAN CITIES.


 
THE MEXICAN DRUG CARTELS ENDORSE BARACK OBAMA’S SABOTAGE of HOMELAND SECURITY TO BUILD THE LA RAZA DEM PARTY BASE of VOTING ILLEGALS, AND TO EASE EVEN MORE ILLEGALS INTO OUR JOBS TO KEEP WAGES DEPRESSED and PROFITS HIGH FOR HIS WALL STREET DONORS.

MOST OF THE FORTUNE 500 ARE GENEROUS DONORS TO THE MEXICAN FASCIST PARTY of LA RAZA “THE RACE” google it!

OBAMA'S BANKSTER PAYMASTER DOIN' GOOD! REAL GOOD! US bank CEOs rake in pay raises, bonuses

US bank CEOs rake in pay raises, bonuses


OBAMA’S WALL STREET-FUNDED WAR on the AMERICAN PEOPLE:

 

http://mexicanoccupation.blogspot.com/2014/02/barack-obama-and-wall-streets-war-on.html

 

The Democrats’ proposal for a trivial increase in the minimum wage comes as social inequality is hitting unprecedented levels. The net worth of America’s billionaires reached $1.2 trillion last year, more than double what it was in 2009. Meanwhile, median household income in the US plummeted by 8.3 percent between 2007 and 2012.

 

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.

 
OBAMA and his CRONIES BANKRUPT AMERICA… then send the bills for their LOOTING to the AMERICAN MIDDLE CLASS
 

http://mexicanoccupation.blogspot.com/2014/02/obama-bankrupts-america-while-his_19.html


 OBAMA'S ASSAULT ON AMERICA -WHY WALL STREET, ILLEGALS, CRIMINAL BANKSTERS and the 1% LOVE HIM, AND THE MIDDLE CLASS GETS THE SHAFT TO PAY FOR HIS CRONY CAPITALISM

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


The goal of the Obama administration, working with the Republicans and local governments, is to roll back the living conditions of the vast majority of the population to levels not seen since the 19th century, prior to the advent of the eight-hour day, child labor laws, comprehensive public education, pensions, health benefits, workplace health and safety regulations, etc.


WALL STREET'S LOOTING of DETROIT - A RECIPE WRITTEN BY BARACK OBAMA: The Political Conspiracy Behind the Bankruptcy of Detroit: Anatomy of a Crime

The Political Conspiracy Behind the Bankruptcy of Detroit: Anatomy of a Crime


OBAMA’S WALL STREET-FUNDED WAR on the AMERICAN PEOPLE:

 

http://mexicanoccupation.blogspot.com/2014/02/barack-obama-and-wall-streets-war-on.html

 

The Democrats’ proposal for a trivial increase in the minimum wage comes as social inequality is hitting unprecedented levels. The net worth of America’s billionaires reached $1.2 trillion last year, more than double what it was in 2009. Meanwhile, median household income in the US plummeted by 8.3 percent between 2007 and 2012.

 
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.

 


OBAMA and his CRONIES BANKRUPT AMERICA… then send the bills for their LOOTING to the AMERICAN MIDDLE CLASS

 

http://mexicanoccupation.blogspot.com/2014/02/obama-bankrupts-america-while-his_19.html

 

RECALL OBAMA?

 

Over seven in 10 Obama voters, and 55 percent of Democrats, regret voting for President Obama's re-election in 2012, according to a new Economist/YouGov.com poll.


They knew Obama was an unqualified crook; yet they promoted him. They knew Obama was a train wreck waiting to happen; yet they made him president, to the great injury of America and the world. They understood he was only a figurehead, an egomaniac, and a liar; yet they made him king, doing great harm to our republic (perhaps irreparable.)”

THE OBAMA YEARS – THE GOLDEN AGE OF
BANKSTER LOOTING AND BANKSTER
WELFARE…

INCEST! The case of bankster-owned Barack Obama and crony Jamie Dimon of JP MORGAN… their looting continues!


OBAMA’S CRONY BANKSTERS PARTY UP AND STILL GIVE THE AMERICAN PEOPLE THE MIDDLE FINGER


'Not when those foibles had resulted in real harm to millions of people in the form of foreclosures, wrecked 401(k)s, and a devastating unemployment crisis.'

MASSIVE UNEMPLOYMENT IN AMERICA AS OBAMA and the DEMOCRAT PARTY PUSH OUR BORDERS OPEN, SABOTAGE E-VERIFY, AND PROMISE ILLEGALS NO ENFORCEMENT OF LAWS PROHIBITING THE EMPLOYMENT of ILLEGALS… it’s all about buy the Mexican vote and keeping wages depressed for DEM POL paymasters!


There are mounting warnings by economists that the US confronts long-term economic stagnation and high unemployment into the indefinite future….

"We could cut unemployment in half simply by reclaiming the jobs taken by illegal workers," said Representative Lamar Smith
OBAMA'S ASSAULT ON AMERICA -WHY WALL STREET, ILLEGALS, CRIMINAL BANKSTERS and the 1% LOVE HIM, AND THE MIDDLE CLASS GETS THE SHAFT TO PAY FOR HIS CRONY CAPITALISM

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


The goal of the Obama administration, working with the Republicans and local governments, is to roll back the living conditions of the vast majority of the population to levels not seen since the 19th century, prior to the advent of the eight-hour day, child labor laws, comprehensive public education, pensions, health benefits, workplace health and safety regulations, etc.


 

WALL STREET'S LOOTING of DETROIT - The Political Conspiracy Behind the Bankruptcy of Detroit: Anatomy of a Crime

The Political Conspiracy Behind the Bankruptcy of Detroit: Anatomy of a Crime

OBAMA’S WALL STREET-FUNDED WAR on the AMERICAN PEOPLE:

 
http://mexicanoccupation.blogspot.com/2014/02/barack-obama-and-wall-streets-war-on.html

 

The Democrats’ proposal for a trivial increase in the minimum wage comes as social inequality is hitting unprecedented levels. The net worth of America’s billionaires reached $1.2 trillion last year, more than double what it was in 2009. Meanwhile, median household income in the US plummeted by 8.3 percent between 2007 and 2012.

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.


OBAMA’S CORRUPT DEMOCRAT PARTY PARTNERS WITH THE REPUBLICAN PARTY TO WAR ON THE AMERICAN MIDDLE CLASS, AND THEN SEND US THE TAX BILLS FOR WALL STREET and MEXICO’S LOOTING!

 

The social chasm in America’s cities

22 February 2014

On Thursday, the Brookings Institution published a report documenting the sharp growth of social inequality in major metropolitan areas throughout the United States.

The report’s findings are of vast significance in three respects. First, the report documents the immense scale of social inequality and the rapidity with which it is growing, even in cities that are supposedly economic success stories.

Secondly, it shows the crushing growth of poverty and economic distress in these cities.

Thirdly, it implies that these conditions are not the result of a passing economic slowdown, but are rather embedded in the economic system and have become permanent facts of life.

According to the study, across the US, a household in the 95th percentile of income earners—that is, at the bottom of the top five percent—in 2012 had an income nine times greater than the a household in the 20th percentile—that is, at the top of the bottom fifth of income earners. But major cities had a much higher level of income inequality. The ratio was 18.8 for Atlanta, 16.6 for San Francisco, 15.7 for Miami, 15.3 for Boston and 13.3 for Washington DC.

The report documents the massive decline in working class incomes that took place between 2007 and 2012. For example, in Indianapolis—hit by a wave of industrial plant closures—the income of a typical household in the 20th percentile fell by $5,800, or more than a quarter, to $16,883. In Jacksonville, Florida the income of a household in this bracket fell by $7,800, or 30 percent, to $17,411.

“A city where the rich are very rich, and the poor very poor, is likely to face many difficulties,” the report states. “It may struggle to maintain mixed-income school environments that produce better outcomes for low-income kids. It may have too narrow a tax base from which to sustainably raise the revenues necessary for essential city services. And it may fail to produce housing and neighborhoods accessible to middle-class workers and families...”

This describes the great majority of American cities and amounts to an admission that the present social order holds no prospect for decent housing, health care or education for the great majority of city dwellers.

The report shows that cities that had the highest rates of economic growth—including San Francisco, Boston, New York, Chicago and Los Angeles—also had the biggest increases in income inequality. This explodes the pro-corporate propaganda from the media and Democrats and Republicans alike that the answer to inequality and poverty is to stimulate economic growth by creating a more “business-friendly” economic and political environment.

“There’s something of a relationship between economic success and inequality,” Alan Berube, the study’s author, told the Associated Press.

San Francisco, which has had an influx of high-income earners as a result of the technology boom in the Bay Area, is a case in point. According to a separate survey by the Brookings Institution, San Francisco is one of the best-performing city economies in the US, having recently added more jobs and increased its economic output faster than the national average.

Yet in San Francisco, the income of a typical household in the 20th percentile fell by $4,309, or 17 percent, between 2007 and 2012, dropping to $21,313, while the income of a typical household in the 95th percentile increased by $27,815 to $353,576. These figures refute the official narrative, parroted by the entire political establishment, that inequality can be solved by expanding business activity through various incentives. "Job creation" has been the nominal purpose of massive tax breaks and handouts to corporations, which in many cases pay either no taxes or negative taxes.

In the name of “growth” and “job creation,” vast resources are being taken from social programs and services that benefit working and poor people as well as the wages and pensions of public workers to provide tax abatements and other windfalls for corporations. There is really no mystery as to why such economic “growth” goes hand in hand with increasing economic inequality.

In the state of New York, whose major metropolis is the sixth most unequal city in the country, Governor Andrew Cuomo, a Democrat, is running a national advertising campaign offering tax-exempt status for ten years to any business that starts up in the state.

Increasingly, the enrichment of the ruling class takes the form of outright theft, as revealed by the Detroit Workers Inquiry, held February 15, which exposed the criminal conspiracy to drive Detroit into bankruptcy in order to gut workers’ pensions and seize the city’s assets, including the artwork at the Detroit Institute of Arts.

The Brookings Institution survey tells only part of the story, as its figures do not include the impact of the massive run-up on the stock market last year, during which the technology-heavy NASDAQ registered an increase of 38.3 percent. As a result of this stock boom, Mark Zuckerberg of Facebook saw his net worth more than double, to $23 billion, while his fellow billionaire Larry Ellison, the CEO of Oracle, saw his wealth increase by $7 billion, to $43 billion. Last year, Ellison’s compensation totaled $78.4 million.

Both Zuckerberg and Ellison live in the San Francisco Bay area, less than an hour’s drive from Oakland, California, where a typical household in the bottom 20th percentile makes $17,646 per year. Some cities registered enormous levels of income inequality largely because their poor are so destitute. In Miami, for example, a typical member of the 20th income percentile earned only $10,438 per year, down from $12,278 in 2007.

These figures describe a society in which immense wealth is concentrated in the hands of a tiny elite, while poverty, deprivation and degradation are growing for the vast majority of the people, with no prospect of a change in course.

Every domestic policy undertaken by the Obama administration, from the bank bailout to the promotion of low wages in the 2009 auto restructuring, to tax cuts for American manufacturers and support for the bankruptcy of Detroit to destroy municipal workers’ pensions and health benefits, has been justified in the name of economic growth and creating jobs.

There is no constituency in the US political establishment for any redistribution of wealth from the top to the bottom; rather, both parties are committed to the further redistribution of wealth from the great majority of the population to the super-rich.

All talk of reforming this political and economic system is the product of either misinformed naiveté or deliberate deception. The fact is that capitalism is incompatible with the satisfaction of the most basic social needs of modern society.

Nothing can be done to address the staggering growth of poverty, inequality and social misery within the framework of the profit system. What is required is a mass movement of the working class armed with a socialist program to reorganize society to meet social needs, not fuel corporate profits.

Andre Damon


 OBAMA'S ASSAULT ON AMERICA -WHY WALL STREET, ILLEGALS, CRIMINAL BANKSTERS and the 1% LOVE HIM, AND THE MIDDLE CLASS GETS THE SHAFT TO PAY FOR HIS CRONY CAPITALISM

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


The goal of the Obama administration, working with the Republicans and local governments, is to roll back the living conditions of the vast majority of the population to levels not seen since the 19th century, prior to the advent of the eight-hour day, child labor laws, comprehensive public education, pensions, health benefits, workplace health and safety regulations, etc.


Barack Obama: Servant of Wall Street's Biggest Looters


OBAMA’S WALL STREET-FUNDED WAR on the AMERICAN PEOPLE:

 

http://mexicanoccupation.blogspot.com/2014/02/barack-obama-and-wall-streets-war-on.html

 


The Democrats’ proposal for a trivial increase in the minimum wage comes as social inequality is hitting unprecedented levels. The net worth of America’s billionaires reached $1.2 trillion last year, more than double what it was in 2009. Meanwhile, median household income in the US plummeted by 8.3 percent between 2007 and 2012.
OBAMA and his CRONIES BANKRUPT AMERICA… then send the bills for their LOOTING to the AMERICAN MIDDLE CLASS 
http://mexicanoccupation.blogspot.com/2014/02/obama-bankrupts-america-while-his_19.html
 
RECALL OBAMA?
 
Over seven in 10 Obama voters, and 55 percent of Democrats, regret voting for President Obama's re-election in 2012, according to a new Economist/YouGov.com poll.
They knew Obama was an unqualified crook; yet they promoted him. They knew Obama was a train wreck waiting to happen; yet they made him president, to the great injury of America and the world. They understood he was only a figurehead, an egomaniac, and a liar; yet they made him king, doing great harm to our republic (perhaps irreparable.)”
THE OBAMA YEARS – THE GOLDEN AGE OF BANKSTER LOOTING AND BANKSTER WELFARE…
INCEST! The case of bankster-owned Barack Obama and crony Jamie Dimon of JP MORGAN… their looting continues!
OBAMA’S CRONY BANKSTERS PARTY UP AND STILL GIVE THE AMERICAN PEOPLE THE MIDDLE FINGER
'Not when those foibles had resulted in real harm to millions of people in the form of foreclosures, wrecked 401(k)s, and a devastating unemployment crisis.'

OBAMA'S ASSAULT ON AMERICA -WHY WALL STREET, ILLEGALS, CRIMINAL BANKSTERS and the 1% LOVE HIM, AND THE MIDDLE CLASS GETS THE SHAFT TO PAY FOR HIS CRONY CAPITALISM

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


The goal of the Obama administration, working with the Republicans and local governments, is to roll back the living conditions of the vast majority of the population to levels not seen since the 19th century, prior to the advent of the eight-hour day, child labor laws, comprehensive public education, pensions, health benefits, workplace health and safety regulations, etc.