Wealth report shows deepening social polarization in US
Wealth report shows deepening social polarization in US
By Patrick Martin
7 June 2014
A new report from the US Federal Reserve Board finds that total US net worth has risen to a record $81.8 trillion, up $1.5 trillion in the first quarter of 2014 and up nearly $13 trillion compared to the previous peak, before the 2008 financial crash.
This figure belies the incessant claims by the US political and financial elite that there is “no money” to pay for basic social necessities—from jobs and decent wages to schools and other public services. There are ample resources—more than at any time in history—but these resources are monopolized by the narrow layer of ultra-wealthy individuals at the top of American society.
OBAMA’S GOLDEN AGE OF WALL STREET
LOOTING... 1 in 5 children live in poverty while Obama's cronies loot.
While stock prices have nearly tripled since
March
2009, the income for a typical household in the US
fell by 8.3 percent
between 2007 and 2012.
OBAMAnomics AT
WORK: STAGGERING POVERTY FOR
AMERICANS. JOBS and WELFARE FOR ILLEGALS.
in America NO legal need apply!
H-1B VISAS – THE CONSPIRACY TO KEEP WAGES DEPRESSED WITH
ENDLESS BOATLOADS OF FOREIGNERS IMPORTED TO LOOT OUR JOBS
DEATH OF THE AMERICAN MIDDLE CLASS – A NATION LOOTED BY WALL
STREET AND NOW RENTING…. and the rents are soaring!
WELFARE FOR
ILLEGALS SOARS UNDER
OBAMA… they also get our jobs!
OBAMA’S ASSAULT on AMERICA – THE
OBAMA DEPRESSION AS HIS BANKSTERS GET RICHER BY THE DAY AND ILLEGALS GET OUR
JOBS!
HE IS ONE OF THE MOST CORRUPT AND INCOMPETENT CON-JOBS TO OPERATE OUT OF
THE WHITE HOUSE. WHILE HIS CRIMINAL
BANKSTER DONORS LOOTED, HE SABOTAGED OUR BORDERS TO EASE MORE ILLEGALS INTO OUR
JOBS AND VOTING BOOTHS. THEN HE RETURNED TO HIS ASSAULT ON THE AMERICAN WORKER!
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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!!!
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http://mexicanoccupation.blogspot.com/2013/08/two-thirds-of-all-jobs-under-obama-go.html
DURING OBAMA’S FIRST TERM 2/3s OF ALL JOBS WENT TO IMMIGRANTS,
BOTH LEGAL AND ILLEGAL. FEDERAL WORKPLACE ENFORCEMENT of LAWS PROHIBITING THE
EMPLOYMENT of ILLEGALS PLUMMETED 70%... AND OBAMA - HOLDER SABOTAGED E-VERIFY
EVERYWHERE THEY COULD TO EASE MORE LA RAZA INTO OUR JOBS!
AMNESTY….LA
RAZA IS PRINTING OUT FRAUD I.D.s BY THE MILLIONS.
"They hauled them down to the
border," Sakuma said. "Three days later, they were standing in our
office, but they had a different name and a different Social Security
number."
*
OBAMA SAYS CUT JOBLESS BENEFITS TO LEGALS AND HIRE MORE ILLEGALS…
so the vote dem!
With this cruel and callous act, Obama and the Democratic Party are prepared
to join with the Republicans in condemning nearly 5 million people and their
families to destitution.
REBUILDING THE
AMERICAN MIDDLE CLASS… looted by Wall Street and Mexico!
… or should we
keep building the LA RAZA welfare state in our borders?
http://mexicanoccupation.blogspot.com/2014/03/rebuilding-american-middle-class.html
CRONY CAPITALISM ...the
rise of Barack Obama and the fall of America!
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
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