Saturday, August 6, 2016

OBAMA-CLINTONOMICS: KEEPING WAGES DEPRESSED REQUIRES LEGALIZING MEXICO'S LOOTING! THEY CALL IT AMNESTY!!! - Clinton, Obama tout tepid US jobs report


OBAMA-CLINTONOMICS: 

THE CONTINUING TRANSFER OF AMERICA'S ECONOMY TO THE SUPER RICH



"Far from producing a genuine recovery for 

the vast majority of the American people, the

economic policies of the Obama 

administration, which can be summed up as 

limitless subsidies for the financial industry 

after the 2008 Wall Street crash and harsh 

austerity for the working class, have fueled a 

record growth of inequality and a drastic 

decline in the social position of the working 

population."



"Had the recovery under Obama been the 

average of the 11 since the Depression, 

according to the report, family incomes 

would be $17,000 higher, six million fewer Americans would be in poverty, and there would be six million more jobs."


MILLIONS OF AMERICAN JOBS HANDED OVER TO ILLEGALS ALONG WITH BILLIONS IN WELFARE.... AND THE PARTY HAS JUST BEGUN!


"Republicans should call for lower immigration to stop the Democrat voter recruitment.  But more importantly, all Americans should call for lower immigration in order to offer a better opportunity of finding jobs for those millions of their fellow Americans of all political persuasions who would like to work."




Clinton, Obama tout tepid US jobs report

Clinton, Obama tout tepid US jobs report

By Shannon Jones 
6 August 2016
Democratic presidential nominee Hillary Clinton and President Barack Obama wasted no time hailing Friday’s Labor Department employment report for the month of July, which showed a modest net increase in the number of jobs and a small increase in wages.
The department’s Bureau of Labor Statistics said total employment rose by 255,000, leaving the official unemployment rate unchanged at 4.9 percent. Average hourly earnings rose an adjusted 0.3 percent, marginally more than the projected increase of 0.2 percent.
“Today’s strong jobs report is further proof that Democratic leadership in the White House is the right choice to keep our economy growing,” interim Democratic National Committee Chair Donna Brazile said in a statement.
On Twitter, the White House boasted of the creation of 15 million new jobs over the past six-and-a-half years, a statement that was re-tweeted by Clinton.
Harry Reid, the leader of the Senate Democrats, declared that the economy had “experienced the longest streak of private-sector job growth on record” in the face of what he called “unprecedented Republican obstruction and gridlock.”
Despite such bluster, a closer look at the employment numbers reveals many indications of continuing economic stagnation and deepening hardship for wide layers of the population.
Far from producing a genuine recovery for the

vast majority of the American people, the 

economic policies of the Obama 

administration, which can be summed up as 

limitless subsidies for the financial industry 

after the 2008 Wall Street crash and harsh 

austerity for the working class, have fueled a 

record growth of inequality and a drastic 

decline in the social position of the working 

population.
The payroll figure for July was lower than that for June and followed a miserable report for May. Net payroll gains in May totaled only 38,000 jobs, the lowest monthly figure in more than five years, and even with a net increase of 287,000 in June, the average monthly increase for the first half of 2016 was well below the pace for 2015.
Moreover, government figures on economic growth show the economy expanding at an annual rate of only 1 percent, about half the pace for the period since the official end of the “Great Recession” in June of 2009—and that rate, about 2 percent, is far below the rate of growth for previous recoveries since World War II.
The most important domestic factor in the slowing rate of growth is a sharp decline in business investment, which fell in the second quarter by 9.7 percent, the third straight quarterly decline. This is a reflection of the growth of economic parasitism, as cash-rich corporations put off productive investment in order to finance stock buybacks, dividend increases and mergers and acquisitions.
What Clinton, Obama and the Democratic Party fail to mention is that the vast majority of new jobs are part-time, temporary or low-wage positions. Friday’s jobs report for July reflected this trend, with the measure of underemployment, which combines the number of officially unemployed people with the number of those who have stopped looking for work and those working part-time because they cannot find a full-time job, rose to 9.7 percent from 9.6 percent in June. The increase was largely due to a rise in the number of involuntary part-time workers.
The labor force participation rate, which measures the percentage of people in the civilian non-prison population who are 16 or older and either working or actively seeking work, remained extremely low by historical standards in July, coming in at 62.8 percent. This is a continuing indicator that millions of workers and young people have been permanently driven out of the labor market and are living at the margins of society.
In fact, the rate for men ages 25-54, considered the prime working years, was only 88.4 percent in July, matching the worst level of the year. The labor force participation rate for this demographic reached 97.9 percent in 1954.
The number of long-term unemployed, those out of work for 27 weeks or more, rose in July by 41,000 to 2 million. There are now as many long-term unemployed as there were at the low point of the 2002–2004 recession. The share of the total number of jobless who are long-term unemployed is over 26 percent.
In July, there were 2 million workers marginally attached to the labor force who were not counted in the official unemployment numbers because they had not looked for work within the past four weeks. Among the marginally attached, were 591,000 discouraged workers, those not currently looking for work because they believe there are no jobs available for them.
Among the job categories recording some of the biggest job gains were traditionally low-wage sectors such as hospitality (43,000) and food service (21,000). By comparison, employment in construction rose 14,000 and manufacturing by just 9,000.
Employment in the mining industry, which includes oil and gas extraction, declined by 6,000 in July, pointing to the impact of a slowing world economy. Since reaching a peak in 2014, the number of jobs in this industry has fallen by 220,000, or 26 percent.
According to a report by CareerBuilder, low-wage jobs, defined as those paying less than $13.81 per hour, are expected to grow by 5 percent between 2016 and 2021. Middle-income jobs, defined as those paying between $13.84 and $21.13, are expected to grow by just 3 percent. Besides the absurdity of classifying those in the $13-$21 pay range as “middle income,” the analysis points to the continuing prevalence of poverty-level and near-poverty-level jobs in the US economy.
Matt Ferguson, CEO of CareerBuilder, said, “The US is facing a sustained trend of declining middle-wage employment that has serious implications not only for workers, but for the economy overall.”
An analysis of Friday’s jobs report by the Economic Policy Institute notes that the official numbers do not include what the EPI calls “missing workers,” i.e., potential workers who because of the lack of job opportunities are neither employed nor actively seeking work. Based on the most current data available, there were 2,330,000 “missing workers” in July. If they were included in the official statistics, the unemployment rate would be 6.2 percent.
The pace of layoff announcements increased in July. Employers announced 45,346 job cuts, a 19 percent increase over June. The energy sector accounted for 17,725 of those job losses.



"The Clinton family charities have outsourced many U.S. white-collar jobs to foreign college graduates instead of hiring American college graduates."

Oops! Clinton Foundation outsourced tech jobs to H-1B visa holders


The Bill, Hillary, and Chelsea Clinton Foundation, which does “wonderful work” (if you ask Hillary), also has sought to hire a lot of foreign tech workers brought to the country under the H-1B visa program to fill jobs Americans supposedly can’t be found to perform.  Breitbart reports:

The Clinton family charities have outsourced many U.S. white-collar jobs to foreign college graduates instead of hiring American college graduates.

The outsourcing started in 2004 and it continues to this year. When asked if the foundation is still hiring foreign white-collar workers via the controversial H-1B visa program, Vena Cooper, one of the foundation’s  personnel officers, responded “We do.”


The foundations declined to answer questions from Breitbart News, but available data shows they sought to hire up to 130 foreign graduates.  That’s roughly half the number of 250 jobs outsourced by Disney last October, which has reignited political criticism of the middle-class outsourcing program. 


The 130 foreign graduates sought by the Clinton’s foundations were and are not immigrants. Instead, they’re temporary “guest” workers who fill outsourced professional jobs for up to six years. 


The Clintons’ foreign graduates have been hired via the H-1B visa program that also is used by Disney and U.S. corporations and universities to employ a population of roughly 650,000 young and cheap foreign professionals in businessdesignhealthcaresoftwarescienceeducationp.r. and media and pharmaceutical jobs. After their six years in the United States, most H-1Bs return
home with the work-experience and connections that help them compete against U.S. professionals in the global marketplace. 



The young foreign H-1B professionals are also used to push down average salaries earned by experienced and older American professionals. In turn, those salary cuts boost profit margins and company values on Wall Street.

Hey, those private jets and 5-star luxury hotels favored by the traveling Clintons don’t come cheap, so they’ve got to pinch pennies wherever they can.  And besides, a lot of their money comes from foreign sources, so
they’re just returning it to some of the home countries.

Read more:



US employment report: Payrolls rise, wages fall

By Barry Grey
5 March 2016
President Barack Obama seized on the February employment report, released Friday morning by the Labor Department, to tout the supposed “success” of his economic policies and paint a picture of a thriving US economy. The report, which showed a larger-than-predicted growth in private nonfarm payrolls of 242,000 jobs, confirmed that the US economy was “the envy of the world,” Obama told reporters at a White House appearance.

“The fact of the matter is that the plans that we have put in place to grow the economy have worked,” he boasted.” He derided “an alternative reality out there from some of the political folks that America is down in the dumps.” He countered, “America is pretty darn great right now.”

He did not attempt to explain why the “alternative reality,” which his labor secretary, Thomas Perez, attributed to “fear-mongers and fact-deniers,” is believed by tens of millions of Americans, whose anger over economic injustice is dramatically reflected in the current election campaign.

One does not have to look too closely at the Labor Department’s report, however, to get an idea of what is fueling the social indignation of working people in the eighth and final year of the Obama administration. Behind the top-line number for new jobs and the quasi-fictional official unemployment rate of only 4.9 percent, ongoing trends with disastrous consequences for the working class are evident. They account for two other important indices in the report: a decline in average earnings from the previous month of 3 cents, or 0.1 percent, to $25.35, bringing the increase for the year down to just 2.2 percent, and a fall in the average private-sector workweek of 0.2 hours to 34.4 hours, a two-year low.

These two figures arise from the fact that the vast bulk of new jobs created in February were low-wage and a huge percentage were part-time. The low-paying service sector—retail, bars and restaurants, health care—accounted for 245,000 jobs. The reality of recession in basic production was reflected in a 16,000 decline in manufacturing and the loss of another 19,000 mining jobs, bringing to 171,000 the total decline in mining since September 2014. The only better-paying industrial sector that saw an increase was construction, which recorded a gain of 19,000.

Another figure highlights the hollow and socially regressive character of Obama’s so-called “recovery.” The financial cable network CNBC pointed out that according to the Labor Department’s household survey, which is the basis for the unemployment rate figure (the figure on payroll growth is derived from a separate survey of business establishments), full-time jobs increased in February by only 65,000, while part-time positions increased by 489,000. This means that a mere 11.7 percent of new jobs in February were full-time!

These statistics point to the fact that the American ruling class, through its instrument, the Obama administration, has utilized the financial crash of 2008, for which it was responsible, to fundamentally reorganize the US economy, transforming it into a low-wage system. The millions of decent-paying jobs that were destroyed have been largely replaced by poverty-wage, part-time and temporary jobs.

The median household income has fallen sharply. Pensions and health benefits have been gutted, schools closed by the thousands, teachers and other public workers laid off by the millions. At the other end, the Federal Reserve and the US Treasury have pumped trillions of dollars into the financial markets, driving up the stock market and bringing the concentration of wealth at the very top to unprecedented levels. This is what Obama lauds as “success.”

Meanwhile, millions of Americans remain mired in long-term unemployment. The number of long-term unemployed, defined as without work for 27 weeks or more, was essentially unchanged at 2.2 million in February. This number has not shifted significantly since last June. The long-term jobless accounted last month for 27.7 percent of the unemployed, a far higher percentage than in any previous period categorized as an economic recovery.

A broader measure of unemployment that includes people working part-time but wanting full-time work and those too discouraged to seek employment registered 9.7 percent last month, nearly double the official jobless rate. There are, in addition, millions of people who have dropped out of the labor market and are not even counted in government employment reports.

While the employment-to-population ratio edged up to 59.8 percent and the labor force participation rate rose slightly to 62.9 percent, both measures remain extraordinarily low by historical standards.
The impact of soaring social inequality and falling living standards for broad sections of the population is reflected in a growing crisis in the retail sector. This week, sporting goods chain The Sports Authority filed for Chapter 11 bankruptcy protection and announced it was closing at least 140 of its 463 stores and laying off 3,400 of its 13,000 employees. This follows recent announcements by Walmart, Sears/Kmart and Macy’s of hundreds of store closures and thousands of layoffs.

Hillary Clinton repeatedly claims that she is the champion of the little guy.  It has always been a risible claim, but if any of her supporters (including at the Post) are actually paying attention to the scoundrel, this latest gambit ought to disabuse them of the notion.  


OBAMA’S GIFT TO HILLARIA:

OPEN BORDERS AND A MILLION MEXICAN CRIMINAL LINNING UP TO VOTE FOR MORE LA RAZA SUPREMACY!

Most Americans (legals) would be appalled to know that from day one the Obomb has funded the MEXICAN FASCIST PARTY of LA RAZA “The Race” with U.S. tax dollars and this racist party has operated out of the white house under LA RAZA V.P. Cecilia Munoz.


OBAMA-CLINTONOMICS: You were wondering how many jobs went to illegals and how well Obama’s crony banksters have done???


The sputtering economic recovering under President Obama, the last to follow a major recession, has fallen way short of the average recovery and ranks as the worst since the 1930s Great Depression, according to a new report.

Had the recovery under Obama been the 

average of the 11 since the Depression, 

according to the report, family incomes 

would be $17,000 higher, six million fewer Americans would be in poverty, and there would be six million more jobs.



THE OBAMA-CLINTON ECONOMIC MELTDOWN -----  HOME OWNERSHIP – ECONOMIC MELTDOWN


THE OBAMA DOCTRINE: ABET CRONY BANKSTERS SO THEY CAN FINSISH OFF THE AMERICAN MIDDLE CLASS. KEEP BORDERS WIDE OPEN TO EASE MILLIONS OF MEX FLAG WAVERS INTO OUR JOBS, WELFARE OFFICES AND VOTING BOOTHS, AND EXPAND THE MEXICAN DRUG CARTELS’ MARKETS IN AMERICA’S OPEN BORDERS TO KILL OFF AMERICA’S WHITE POPULATION TO BUILD A MUSLIM-STYLE DICTATORSHIP FOR ONE BARACK OBAMA, THE “Hope & Change” HUCKSTER FROM CHICAGO.

"The decline in homeownership is one sign of the deep social crisis in the United States. As rents and housing costs have soared, spurred on by financial speculation that has enriched the ruling elites, incomes and jobs for most Americans have shriveled."


THE OBAMA DOCTRINE: ABET CRONY BANKSTERS SO THEY CAN FINSISH OFF THE AMERICAN MIDDLE CLASS. KEEP BORDERS WIDE OPEN TO EASE MILLIONS OF MEX FLAG WAVERS INTO OUR JOBS, WELFARE OFFICES AND VOTING BOOTHS, AND EXPAND THE MEXICAN DRUG CARTELS’ MARKETS IN AMERICA’S OPEN BORDERS TO KILL OFF AMERICA’S WHITE POPULATION TO BUILD A MUSLIM-STYLE DICTATORSHIP FOR ONE BARACK OBAMA, THE “Hope & Change” HUCKSTER FROM CHICAGO.


"The decline in homeownership is one sign of the deep social crisis in the United States. As rents and housing costs have soared, spurred on by financial speculation that has enriched the ruling elites, incomes and jobs for most Americans have shriveled."



…………….. WILL MEXICO ELECT ALL FUTURE AMERICAN PRESIDENTS?
AMERICAN WOMEN SAY HELL NO TO WALL STREET-BOUGHT AND PAID FOR HILLARY CLINTON.



AMERICA'S ROAD TO REVOLUTION





"This dangerous power vacuum has fueled frustration and created an entirely new breed of disenfranchised voters who are fed up with the status quo. These are real people, their anger is palpable, and it’s not going away anytime soon."
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