Obama proposes rules to expand overtime pay for salaried workers
By Andre Damon
1 July 2015
The Obama administration announced a plan Tuesday to expand the share of US salaried workers eligible to receive overtime pay. Despite being touted as a major new policy initiative by the White House, the proposal, which would not be implemented until 2016, would affect a mere 3.5 percent of the US workforce.
SEN. RICK SANTORUM:
“Part of the problem, Santorum said, has been the arrival of millions of
unskilled immigrants — legal and illegal — in the United States.
"American workers deserve a shot at [good] jobs," Santorum said.
"Over the last 20 years, we have brought into this country, legally and
illegally, 35 MILLION mostly unskilled
workers. And the result, over that same period of time, workers' wages and
family incomes have flatlined." SEN. RICK SANTORUM
JOBS 71% GO TO FOREIGNERS.
Report: 71 Percent of New Jobs Go to Foreign
Born Legal, Illegal Immigrants in NH | CNS News …. THE AMERICAN MIDDLE CLASS
STILL GETS THE TAX BILLS FOR MEXICO’S WELFARE
STATE IN OUR OPEN BORDERS!
ACROSS THE NATION DEM
POLS HAVE FOUGHT E-VERIFY TO EASE MILLIONS MORE ILLEGALS INTO OUR JOBS.
THE DEPRESSED WAGES
ENDLESS HORDES OF ILLEGALS CAUSE KEEPS DEM PAYMASTERS HAPPY AND GENEROUS….
Amnesty… it’s all about keeping wages depressed and building the DEM LA RAZA
PARTY BASE of ILLEGALS!
AMERICA the failed Nation
that Invited Mexico to Invade and loot and then Handed Amnesty to 40 Million
Invaders
THE DEMOCRAT PARTY HAS, WHILE THE GOP
WATCHED, TURNED AMERICAN INTO MEXICO’S JOBS,
WELFARE AND DRUG MARKET.
“The percentage of foreign-born
workers in the U.S. labor force has more than tripled over the last four
decades and while the U.S. represents just 5 percent of the world’s population
it attracts 20 percent of the world’s immigrants, according to a new report.”
LOS ANGELES:
THE PICTURE OF AMERICA UNDER LA RAZA
MEXICAN OCCUPATION… and their looting is expanded yearly by invitation of the
Democrat Party
LOS ANGELES: America and Mexico’s SECOND
LARGEST CITY and
also largest employer and welfare office!
OBAMA-CLINTONomics: the final death of the
American middle-class
AMNESTY: IT’S ALL ABOUT KEEPING WAGES DEPRESSED.
"While it is
not spelt out directly, the BIS critique of the present policies is an
expression of the fact that, in the final analysis, the source of all forms of
profit is the surplus value extracted from the working class. Therefore, the
only way for capital to overcome its crisis and restore stability is a massive
increase in exploitation."
THE OBAMA ASSAULT
ON OUR PENSIONS
BIGGER PROFITS FOR
HIS WALL STREET DONORS IF PENSIONS ARE SLASHED
“Feinberg, who as the
Obama administration’s “pay tsar” rubber- stamped
multimillion-dollar executive bonuses to Wall Street banks bailed out with taxpayer funds,
will now be given power to slash workers’ benefits at his discretion.”
THE CRONY CLASS:
OBAMA-CLINTONomics was created by
BILLARY CLINTON!
Income inequality
grows FOUR TIMES FASTER under Obama than Bush.
“By the time of Bill Clinton’s election in 1992, the
Democratic Party had completely repudiated its association with the reforms of
the New Deal and Great Society periods. Clinton gutted welfare programs to
provide an ample supply of cheap labor for the rich (WHICH NOW MEANS OPEN
BORDERS AND NO E-VERIFY!), including a growing layer of black capitalists, and
passed the 1994 Federal Crime Bill, with its notorious “three strikes”
provision that has helped create the largest prison population in the world.”
*
“Calling income and wealth inequality the "great
moral issue of our time," Sanders laid out a sweeping, almost unimaginably
expensive program to transfer wealth from the richest Americans to the poor and
middle class. A $1 trillion public works program to create "13 million
good-paying jobs." A $15-an-hour federal minimum wage. "Pay
equity" for women. Paid sick leave and vacation for everyone. Higher taxes
on the wealthy. Free tuition at all public colleges and universities. A
Medicare-for-all single-payer health care system. Expanded Social Security
benefits. Universal pre-K.” WASHINGTON
EXAMINER
THE HIDDEN UNEMPLOYMENT CRISIS IN AMERICA:
The Democrat Party’s OPEN BORDERS agenda at
work.
US income inequality continued to soar in 2014
While the growth of social inequality has dramatically accelerated following the 2008 crash, this is a continuation of a decades-long process. The report notes, “Top 1 percent incomes grew by 80.0% from 1993 to 2014. This implies that top 1 percent incomes captured almost 60% of the overall economic growth of real incomes per family over the period 1993-2014.”
In fact, the US government’s response to the 2008 crash has been dedicated to inflating the wealth of the super-rich while driving down incomes for the vast majority of the population. The White House has protected Wall Street executives from legal prosecution, while the Federal Reserve has handed out trillions of dollars in cheap money through “quantitative easing” programs, leading share values to triple on major US exchanges.
On Thursday, US President Barack Obama plans to unveil what he has called a major new policy initiative in a speech in La Crosse, Wisconsin. The proposal entails new federal rules that would make an additional 3 percent of the US population eligible for overtime pay. If adopted, the change would add a mere $1.3 billion to worker’s wages annually. This is a tiny fraction of the trillions of dollars that have been transferred to the financial elite since the 2008 financial crisis.
US income inequality continued to soar in 2014
By Andre Damon
2 July 2015
Income inequality in the United States continued to grow in 2014, according to updated figures released last week by University of California, Berkeley economist Emmanuel Saez.According to Saez’s report, the top one percent of income earners increased their share of total income from 20.1 percent in 2013 to 21.2 in 2014 percent.
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