Saturday, April 7, 2018

RICH BITCH LA RAZA PELOSI DECLARES THAT THE 1% SHOULD GET IT ALL..... And open borders and floods of illegals will keep wages DEPRESSED

WHO, BUT FEINSTEIN and HILLARY WORK HARDER FOR CRIMINAL BANKSTERS AND THE LA RAZA HORDES THAN THIS CORRUPT BITCH???


THE PLUNDERING BARONESS PELOSI:
Nancy Pelosi triples her loot since the banksters nearly destroyed America’s economy and demands endless hordes of illegals to keep wages depressed!

Pelosi: ‘Wealthiest 1% Continue to Hoard the Benefits of the U.S. Economy’












By CNSNews.com Staff | April 6, 2018 | 4:13 PM EDT


House Minority Leader Nancy Pelosi (Screen Capture)
(CNSNews.com) - House Minority Leader Nancy Pelosi (D.-Calif.) said today that the jobs report for March, which showed unemployment holding at 4.1 percent, indicates that “the wealthiest 1 percent continue to hoard the benefits of the U.S. economy.”

BLOG: SUCH A FUCKING LIE!!!
DEMS ARE THE PARTY FOR OPEN BORDERS, LA RAZA SUPREMACY, NO E-VERIFY AND NO LEGAL NEED APPLY!
"Democrats will never stop fighting for the hard-working middle class families who are the backbone of our nation," Pelosi said.

Here is Pelosi’s statement following the release of the March jobs report by the Bureau of Labor Statistics:
“March’s disappointing jobs report shows that corporations and the wealthiest 1 percent continue to hoard the benefits of the U.S. economy. Powerful special interests are reaping massive windfalls from the GOP tax scam, while workers are denied the raises and good-paying jobs they deserve.
“From the start, the White House and Republicans in Congress have put themselves and their rich donors first, and the American people last. Corporations are cheering their huge new tax breaks by enriching their executives and investors, while hard-working men and women see little help and rising health costs.
“Democrats are fighting to give the American people a better deal, with better jobs, better wages and a better future. We are committed to creating millions of new good-paying jobs and raising wages, lowering the soaring cost of living for families and giving every American the tools to succeed in the 21st Century economy. Democrats will never stop fighting for the hard-working middle class families who are the backbone of our nation.”


NANCY PELOSI, and her LA RAZA SISTERS, SEN. DIANNE FEINSTEIN, FORMER SEN. BARBARA BOXER and NOW SEN. KAMALA HARRIS are a pantheon of staggering self-serving corruption.

They and their families have all gotten filthy rich off of these women’s elected office.

Their endless hispandering for the illegals’ votes has turned California into Mexifornia, a drug, gang and anchor baby welfare third-world dumpster!


“Liberal governing has transformed beautiful California into the poverty capital of America with the worst quality of life.  Crazy taxes, crazy high cost of living, and crazy overreaching regulations have crushed the middle class, forcing the middle class to exit the Sunshine State.  All that is left in California are illegals feeding at the breast of the state, rapidly growing massive homeless tent cities, and the mega-rich.” LLOYD MARCUS



Pelosi - Illegals - Sunkist - Her investments!
ANYONE KNOW IF THE OL’ BARONESS AND CLOSET REPUBLICAN USES ILLEGALS AT THER ST. HELENA, NAPA WINERY? SHE’S LOTHE TO PAY LEGALS A LIVING WAGES. BUT THEN THE CATASTROPHIC NAPA FIRE WAS CAUSED BY ONE OF HER ILLEGALS, SO PERHAPS HER PLACE BURNED DOWN!
Pelosi's corrupt insider passing of bills that make her rich.
________________________________________
Check for yourself
http://www.factcheck.org/askfactcheck/did_nancy_pelosi_get_wage_breaks_and.html
Speaker of the House Nancy Pelosi's home House District includes San Francisco.
Star-Kist Tuna's headquarters are in San Francisco, Pelosi's home district.
Star-Kist is owned by Del Monte Foods and is a major contributor to Pelosi.
Star-Kist is the major employer in American Samoa employing 75% of the Samoan workforce.
Paul Pelosi, Nancy's husband, owns $17 million dollars of Star-Kist stock.
In January, 2007 when the minimum wage was increased from $5.15 to $7.25, Pelosi had American Samoa exempted from the increase so Del Monte would not have to pay the higher wage. This would make Del Monte products less expensive than their competition's.
Last week when the huge bailout bill was passed, Pelosi added an earmark to the final bill adding $33 million dollars for an "economic development credit in American Samoa".
Pelosi has called the Bush Administration "corrupt".
Check some more for yourself
http://www.snopes.com/politics/pelosi/americansamoa.asp

CHRISTIAN SCIENCE MONITOR


What will America stand for in 2050?

The US should think long and hard about the high number of Latino immigrants.

By Lawrence Harrison

PALO ALTO, CALIF.

President Obama has encouraged Americans to start laying a new foundation for the country – on a number of fronts. He has stressed that we'll need to have the courage to make some hard choices. One of those hard choices is how to handle immigration. The US must get serious about the tide of legal and illegal immigrants, above all from Latin America.

It's not just a short-run issue of immigrants competing with citizens for jobs as unemployment approaches 10 percent or the number of uninsured straining the quality of healthcare. Heavy immigration from Latin America threatens our cohesiveness as a nation.
The political realities of the rapidly growing Latino population are such that Mr. Obama may be the last president who can avert the permanent, vast underclass implied by the current Census Bureau projection for 2050.

STAGNANT WAGES and the Dem Party’s obsession with open borders, amnesty and no damned legal need apply!

THE LA RAZA SUPREMACY PARTY for OPEN BORDERS, AMNESTY, NON-ENFORCEMENT, NO E-VERIFY and no Legal need apply!!!


The Democratic Party used to be the party of blue collar America- supporting laws and policies that benefited that segment of the U.S. population.  Their leaders may still claim to be advocates for American working families, however their duplicitous actions that betray American workers and their families, while undermining national security and public safety, provide clear and incontrovertible evidence of their lies…. MICHAEL CUTLER …FRONTPAGE mag

THE MURDEROUS MEXICANS….IN PELOSI, FEINSTEIN AND KAMALA’S HOMETOWN!
HOW MANY PRAYERS HAS KAMALA HARRIS SAID FOR KATE STEINLE?
Everyday there are 12 Americans murdered and 8 children molested by Mexicans!
Steinle’s murderer, Jose Zarate and been deported 5xs!

"While walking with her father on a pier in San Francisco in 2015, Steinle was shot by the illegal alien. Steinle pleaded with her father to not let her die, but she soon passed in her father’s arms."



MEXIFORNIA: WHERE LA RAZA AND THEIR CARTELS LOOT FIRST!

CALIFORNIA…. LAND OF POVERTY, WELFARE FOR ANCHOR BABY BREEDERS and MEXICANS WHO JUMPED THE BORDERS TO VOTE FOR MORE!


California became a Democratic stronghold not because Californians became socialists, but because millions of socialists moved there.  Immigration turned California blue, and immigration is ultimately to blame for California's high poverty level.
California used to be home to America's largest and most affluent middle class.  Today, it is America's poverty capital.  What went wrong?  In a word: immigration. SPENCER P. MORRISON
*

“Thirteen years after welfare reform, the share of immigrant-headed households (legal and illegal) with a child (under age 18) using at least one welfare program continues to be very high. This is partly due to the large share of immigrants with low levels of education and their resulting low incomes — not their legal status or an unwillingness to work. The major welfare programs examined in this report include cash assistance, food assistance, Medicaid, and public and subsidized housing.”  Steven A. Camarota

*

ILLEGALS CLIMBING CALIFORNIA’S BORDERS FOR JOBS AND WELFARE: SAN DIEGO … Mexicans (unregistered democrat anchor baby breeders (1,877).
In just the month of October 2017 CBP Border Patrol San Diego border sector reported apprehension of individuals from Bangladesh (12), Brazil (1), Camaroon (3), Chad (1), China (16), El Salvador (76), Eritrea (7), Gambia (4), Guatemala (178), Honduras (54), India (101), Iran (1), Mexico (1,877), Nepal (31), Nicaragua (1), Pakistan (13), Peru (1), Somalia (1), and “Unknown” (1) — a total of 2,379 individuals. These numbers are similar to volumes seen in this sector for October since 2012. MICHELLE MOONS

THE ONCE GOLDEN STATE of CALIFORNA, NOW A LA RAZA MEX 

WELFARE STATE, IS No. 48 OF 50 STATES IN LOWER EDUCATION! 

MEXICANS LOATHE LITERACY AND ENGLISH… SUCH APES THE 

GRINGO WHOM THEY HATE!

 http://mexicanoccupation.blogspot.com/2017/08/heres-reason-why-ca-schools-are-no.html

 “Mexicans abhor education. In their country, illiteracy dominates. As they arrive in our country, only 9.6 percent of fourth generation Mexicans earn a high school diploma. Mexico does not promote educational values. This makes them the least educated of any Americans or immigrants. The rate of illiteracy in Mexico stands at 63 percent." FROSTY WOOLRIDGE

“Third-generation Latinos are more often disconnected — that is, they neither attend school nor find employment.” Kay S. Hymowitz 


 THE OBAMA-CLINTON SWAMP…. How close they came to destroying American democracy…. It’ what happens when two psychopath lawyers are permitted to run for office!



JAMIE DIMON: AMERICA'S MOST CRIMINAL BANKSTER.... STILL ON THE LAM THANKS TO HIS RENT BOYS, OBAMA AND ERIC HOLDER!

THESE FUCKING BANKSTERS LOOTED MORE THAN $11 TRILLION DOLLARS FROM U.S. HOME EQUITY WITH THEIR TOXIC MORTGAGE SCAMS. AND THEY'RE STILL PLUNDERING US!


Records show that four out of Obama's top five contributors are employees of financial industry giants -Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207)
and Citigroup ($358,054)….. BUT HE KEPT THEM ALL OUT OF PRISON AND PLUNDERING FOR BOTTOMLESS BAILOUTS!

"The corporate-financial elite is preparing the most 

ruthless measures—economic and political—to 

counter the emerging rebellion of US workers 

against the government, the corporations and the 

corporatist trade unions that do their bidding."










THE RICH NEVER LET UP ON THEIR ASSAULTS ON THE AMERICAN MIDDLE CLASS!



95 MILLION AMERICANS (Legals) HAVE NO WORK AS THE BORDERS ARE FLOODED WITH FOREIGNERS SUCKING UP JOBS, WELFARE AND VOTING DEMOCRAT FOR MORE!
http://mexicanoccupation.blogspot.com/2017/11/john-binder-in-era-of-terrorism-and.html

JPMorgan CEO threatens rate hikes to break wages movement by US workers

By Barry Grey
7 April 2018
In the midst of an expanding wave of teachers’ strikes in the US and mounting class battles in Europe, intensive discussions are underway within the American ruling class on measures to prevent the growth of a militant nationwide movement for higher wages and benefits. The corporate-financial elite is preparing the most ruthless measures—economic and political—to counter the emerging rebellion of US workers against the government, the corporations and the corporatist trade unions that do their bidding.
On Thursday, JPMorgan Chase CEO Jamie Dimon, who heads the largest US bank and is often called “the most powerful banker in the world,” warned of rising wages and raised the possibility of a sharp rise in interest rates to put a brake on economic growth and drive up unemployment. The aim of such a policy would be to weaken the working class and break its resistance to austerity and wage cutting.
In his annual letter to shareholders, Dimon wrote: “I believe that many people underestimate the possibility of higher inflation and wages, which means they might be underestimating the chance that the Federal Reserve may have to raise rates faster than we think…
“If growth in America is accelerating, which it seems to be, and any remaining slack in the labor markets is disappearing—and wages start going up, as do commodity prices—then it is not an unreasonable possibility that inflation could go higher than people might expect.
“As a result, the Federal Reserve will also need to raise rates faster and higher than people might expect.”
Significantly, Dimon cited the precedent of then-Fed Chairman Paul Volcker’s shock increase in interest rates in August of 1979, which precipitated the deep recession of 1980-82. The Reagan administration exploited the wave of plant closures and layoffs that followed the near doubling of interest rates to launch an anti-working class offensive and social counterrevolution that has continued to this day, under Democratic no less than Republican presidents.
The appointment of Volcker by Democratic President Jimmy Carter followed the 111-day national coal miners’ strike of 1977-78, in which the miners defied Carter’s back-to-work Taft-Hartley injunction, shaking the authority of the entire state. Volcker’s recessionary measures were followed by Reagan’s firing and blacklisting of the PATCO air traffic controllers in 1981, which was the signal for a decade of union-busting, wage cutting and strikebreaking, made possible by the treachery of the union leadership.
Dimon wrote: “Remember that former Chairman of the Federal Reserve Paul Volcker increased the discount rate by 100 basis points on a Saturday night back in 1979 in response to a serious double-digit inflation problem. And when markets opened the next business day, the Fed funds rate went up by over 200 basis points.”
In his letter, Dimon acknowledged that the course he was suggesting could lead to an implosion of stock prices, noting, “In this case, markets will get more volatile as all asset prices adjust to a new and maybe not-so-positive environment.”
“There is a risk that volatile and declining markets can lead to market panic,” he added.
He alluded to the ultra-low interest rate regime that has been maintained for more than three decades by the Fed, with near-zero rates put in place following the 2008 market crash, which has fueled the staggering rise in stock prices and accompanying enrichment of the corporate-financial elite. “While in the past,” he said, “interest rates have been lower and for longer than people expected, they may go higher and faster than people expect.”
The social basis for the stock market boom has been the suppression of the class struggle. This has been accomplished above all by the transformation of the trade unions into corporatist adjuncts of the government and big business. The central preoccupation of these anti-working class organizations has been to prevent strikes and isolate and betray them when they broke out, resulting in record low levels of strike activity, especially since the 2008 financial crisis.
What particularly alarms the ruling class in the current wave of strikes and protests by teachers in West Virginia, Oklahoma, Kentucky, Arizona and other states is the fact that they have been organized by rank-and-file teachers independently of and increasingly in defiance of the unions.
The New York Times recently quoted a teacher in the leadership of a rank-and-file group in Arizona as saying, “Our unions have been weakened so much that a lot of teachers don’t have faith in them.” The newspaper noted that the walkouts to date have occurred in states where the teachers unions are weak, the majority of teachers are not union members, and state laws bar unions from compelling workers to pay union dues. It has written worriedly of teachers using social media “to organize and act outside the usual parameters of traditional unionism.”
It and other capitalist media are commenting on the “tight” labor market and danger of the economy “overheating.” This week alone, the Wall Street Journal published two front-page articles on this theme, one with the headline “Iowa’s Labor Plight: Too Many Jobs,” and the other with a headline noting that “jobs outnumber workers” in Elkhart, Indiana, the center of recreational vehicle manufacturing in the US.

BLOG: THERE IS NOT A BILLIONAIRE IN AMERICA THAT DOES NOT WANT OPEN BORDERS, HELL NO TO E-VERIFY, AMNESTY AND ENDLESS HORDES JUMPING OUR BORDERS AND JOBS.... all to keep wages depressed!
In essence, Dimon is telling the ruling class that regardless the consequences for stock prices and the fortunes and profits of significant sections of the corporate elite itself, the stability and continued rule of the capitalist class as a whole may require drastic measures to undermine workers’ militancy and step up the war on the working class.
Fear within the ruling elite of a wages movement was underscored Friday when US stock prices plunged following the release by the Labor Department of the March employment report. Alarm over the outbreak of a trade war between the US and China was compounded by the news that US wages had risen 2.7 percent year-over-year.
Two months ago, the Dow Jones Industrial Average plunged 665 points when the January jobs report showed a wage increase of 2.9 percent. But that was before the outbreak of the teachers’ strikes. This time, the very modest wage increase for March contributed to a drop in the Dow of 572 points.
As Dimon’s letter indicated, a rise in interest rates is only one component of an intensification of the offensive against the working class. The weakening of the working class by means of mass unemployment is to be accompanied by a frontal attack on what remains of basic social programs.
“The real problem with our deficit,” Dimon wrote, “is the uncontrolled growth of our entitlement programs… The extraordinary growth of Medicare, Medicaid and Social Security is jeopardizing our fiscal situation.”
Social Security could be “fixed,” the multimillionaire banker said, “by changing the qualification age and means testing, among other things.” He pointed out that when the program was initiated in 1935, the average life span after retirement was 13 years, while today it is 25. In other words, the destruction of health care for workers must be carried through to dramatically lower their life expectancy.
In his letter, Dimon did not spell out the political corollaries of his economic and social policies. However, in May of 2013, his bank issued a report on the euro area calling for the overturning of the bourgeois democratic constitutions established in Europe after World War II. The document, “The Euro Area Adjustment—About Half-Way There,” called for measures to protect the major international banks and stressed the need for “political reforms” of a dictatorial character to impose the necessary attacks on the working class.
The American financial oligarchy and the state are already beginning to implement similar measures to crack down on working-class opposition in the US, including the drive to censor the Internet and criminalize political dissent in the name of combating “fake news” and “Russian meddling.”


Top Banker Wants More Cheap White-Collar Immigrants




Every foreigner who graduates from American universities should be given green cards so they can compete for Americans’ white-collar jobs, according to the chairman of JPMorgan Chase & Co. bank.

Chairman Jamie Dimon’s call for more white-collar skilled immigration comes as U.S. companies rush to use the government’s offer of 85,000 H-1B visas which allow foreign college graduates to work in the U.S. for at least three years. When the H-1B is combined with various other visa-worker programs, more than 1 million college-grad guest workers are already holding U.S. jobs — and cutting salaries for American graduates.
“Those who get an advanced degree in the United States should receive a green card along with their diploma,” Dimon said in his annual letter to investors. “We need these skilled individuals in America.”
“Forty percent of foreign students who receive advanced degrees in science, technology and math (300,000 students annually) have no legal way of staying here, although many would choose to do so,” he said in the April 5 letter. “Most students from countries outside the United States pay full freight to attend our universities but many are forced to take the training back home.”
Dimon is an investor, not an employee, so he makes more money by expanding the size of the economy and growing values on Wall Street, almost regardless of employees’ per-capita wages and salaries.
JPMorgan is already a huge user of the H-1B program and has requested roughly 6,000 H-1B visas since 2014.

Democrat leader on Wall St asks CEOs to work with unions to raise wages, so preserving "workers’ confidence in the economic system." But Rubin opposes immigration reform to raise wages via a tight labor market. That's bad for Wall Street (and the party). http://bit.ly/2oNVt73 

Dimon caveated his call for cheaper labor by focusing on people with “advanced degrees in science, technology and math.”
But that caveat means little for American graduates because most skilled degrees include at least one of these subjects, such as statistics in a business degree and medical biology in a healthcare degrees. The federal government already lists a very wide variety of white-collar and skilled blue-collar jobs which can be won by foreign college graduate via the “Optional Practical Training” program. The list includes:
dairy science… horticultural science…  environmental studies … natural resources conservation … urban forestry … artificial intelligence … computer graphics … solar energy … naval science … cyber/electronic operations and warfare … nutrition sciences … sustainability studies … child psychology … archaeology … medical science … veterinary physiology … business statistics … management science.
Dimon’s call for more and cheaper white-collar labor is echoed by other business groups, including FWD.us, a lobby for information-technology investors.
In 2013, the Senate’s “Gang of Eight” immigration-and-amnesty bill included a section allowing universities to get green cards for all of their foreign customers. If the measure had passed, the white-collar labor market would have been flooded with a potentially unlimited supply of foreign college-grad seeking to work and living in the United States. That oversupply would have cut salaries for millions of young Americans graduates who need to pay their college debts, get married, buy houses and support children.
But it was opposition from voters — amid near-universal support in the established media — which killed the cheap white-collar labor provision and the amnesty bill. That opposition was recognized by New York real-estate investor Donald Trump, who used it to win the White House in 2016.
University groups strongly support the proposal to give their customers the hugely valuable bonus of green cards and citizenship. If made law, it would effectively allow academics and administrators — and the owners of private universities — to pocket the proceeds from selling the hugely valuable prize of Americans’ citizenship.
Four million Americans turn 18 each year and begin looking for good jobs in the free market.
But the federal government inflates the supply of new labor by annually accepting roughly 1.1 million new legal immigrants, by providing work-permits to roughly 3 million resident foreigners, and by doing little to block the employment of roughly 8 million illegal immigrants.
The Washington-imposed economic policy of economic growth via mass-immigration shifts wealth from young people towards older people, it floods the market with foreign laborspikes profits and Wall Street values by cutting salaries for manual and skilled labor offered by blue-collar and white-collar employees. It also drives up real estate priceswidens wealth-gaps, reduces high-tech investment, increases state and local tax burdens, hurts kids’ schools and college education, pushes Americans away from high-tech careers, and sidelines at least 5 million marginalized Americans and their families, including many who are now struggling with opioid addictions.

EVEN BEFORE HE TOOK OFFICE, BARACK OBAMA HAD SUCKED IN MORE BRIBES FROM CRIMINAL BANKSTERS THAN ANY OTHER PRESIDENT IN HISTORY!

Records show that four out of Obama's top five contributors are employees of financial industry giants -Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207)
and Citigroup ($358,054)….. BUT HE KEPT THEM ALL OUT OF PRISON AND PLUNDERING FOR BOTTOMLESS BAILOUTS!
MEXICO'S SECOND LARGEST CITY OF LOS ANGELES, THE COUNTY OF WHICH HANDS MEXICANS MORE THAN A BILLION DOLLARS IN WELFARE FOR THEIR ANCHOR BABY BREEDERS!
Mexican Invasion By Invitation of the Democrat Party
By Tom Barrett 
At the current rate of invasion (mostly through Mexico, but also through Canada) the United States will be completely over run with illegal aliens by the year 2025. I’m not talking about legal immigrants who follow US law to become citizens. In less than 20 years, if we do not stop the invasion, ILLEGAL aliens and their offspring will be the dominant population in the United States. 

"Critics argue that giving amnesty to 12 to 30 million illegal aliens in the U.S. would have an immediate negative impact on America’s working and middle class — specifically black Americans and the white working class — who would be in direct competition for blue-collar jobs with the largely low-skilled illegal alien population." JOHN BINDER
*

"Additionally, under current legal immigration laws, if given amnesty, the illegal alien population would be allowed to bring an unlimited number of their foreign relatives to the U.S. This population could boost already high legal immigration levels to an unprecedented high. An amnesty for illegal aliens would also likely triple the number of border-crossings at the U.S.-Mexico border." JOHN BINDER









Trump Blasts U.S. Anchor Baby Policy: ‘You’re Violating Something Very Sacred, You’re Violating a Border’



President Trump blasted the United States’ birthright citizenship policy whereby the U.S.-born children of illegal aliens are given automatic American citizenship, noting that illegal aliens are “violating a border.”

During a roundtable discussion in West Virginia, Trump slammed the birthright citizenship policy — illegal aliens’ children are commonly referred to as “anchor babies” — noting that fellow Western nations do not have such a policy.
Trump said:
If you have a baby on our land, congratulations. That baby is a United States citizen. We’re the only one. Now Mexico has very tough policies. They can do whatever they want, which is the way it should be. You’re violating something very sacred. You’re violating a border. [Emphasis added]
As Breitbart News reported, there are 4.5 million anchor babies in the U.S. under the age of 18-years-old. This estimate does not include the potentially millions of anchor babies who are older than 18-years-old.
The 4.5 million anchor babies estimate exceeds the four million American children born every year. In the next decade, the CBO estimates that there will be at least another 600,000 anchor babies born in the U.S., which would put the anchor baby population on track to exceed annual American births — should the U.S. birth rate not increase — by more than one million anchor babies.
The birthright citizenship debate was not always partisan, as it currently is, with establishment Republicans and Democrats supporting anchor babies.
Former Senate Majority Leader Harry Reid (D-NV) once opposed birthright citizenship, saying in 1993 that “no sane country” would reward illegal aliens with U.S. citizenship for their children.
Proponents of birthright citizenship often claim the 14th Amendment to the U.S. Constitution requires the policy. The Supreme Court, however, has never explicitly ruled that the children of illegal aliens must be granted automatic citizenship and many legal scholars dispute the idea.
John Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder


CHRISTIAN SCIENCE MONITOR


What will America stand for in 2050?

The US should think long and hard about the high number of Latino immigrants.

By Lawrence Harrison

PALO ALTO, CALIF.

President Obama has encouraged Americans to start laying a new foundation for the country – on a number of fronts. He has stressed that we'll need to have the courage to make some hard choices. One of those hard choices is how to handle immigration. The US must get serious about the tide of legal and illegal immigrants, above all from Latin America.

It's not just a short-run issue of immigrants competing with citizens for jobs as unemployment approaches 10 percent or the number of uninsured straining the quality of healthcare. Heavy immigration from Latin America threatens our cohesiveness as a nation.
The political realities of the rapidly growing Latino population are such that Mr. Obama may be the last president who can avert the permanent, vast underclass implied by the current Census Bureau projection for 2050.

STAGNANT WAGES and the Dem Party’s obsession with open borders, amnesty and no damned legal need apply!


THE LA RAZA SUPREMACY PARTY for OPEN BORDERS, AMNESTY, NON-ENFORCEMENT, NO E-VERIFY and no Legal need apply!!!



The Democratic Party used to be the party of blue collar America- supporting laws and policies that benefited that segment of the U.S. population.  Their leaders may still claim to be advocates for American working families, however their duplicitous actions that betray American workers and their families, while undermining national security and public safety, provide clear and incontrovertible evidence of their lies…. MICHAEL CUTLER …FRONTPAGE mag


"Illinois is a state full of illegal aliens.  One in seven Illinoisans are immigrants, with 450,000 official illegals.  One point two million jobs are taken by illegals in Illinois.  This is one of the most heavily invaded states in the Union. Timothy Birdnow


Why Big Government?
Since 1960, California's population exploded from 15.9 to 39 million people.  The growth was almost entirely due to immigration – many people came from other states, but the majority came from abroad.  The Public Policy Institute of California estimates that 10 million immigrants currently reside in California.  This works out to 26 percent of the state's population.

BLOG: COME TO MEXIFORNIA! HALF OF LOS ANGELES 15 MILLION ARE ILLEGALS!
This figure includes 2.4 million illegal aliens, although a recent study from Yale University suggests that the true number of aliens is at least double that.  Modifying the initial figure implies that nearly one in three Californians is an immigrant.  This is not to disparage California's immigrant population, but it is madness to deny that such a large influx of people has changed California's society and economy.

The Orange Country Register reports that California's social safety net is comparable in scale to those found in Europe:
In California a mother with two children under the age of 5 who participates in these major welfare programs – Temporary Assistance for Needy Families, Supplemental Nutrition Assistance Program (food stamps), housing assistance, home energy assistance, Special Supplemental Nutrition Program for Women, Infants and Children – would receive a benefits package worth $30,828 per year.
... [Similar] benefits in Europe ranged from $38,588 per year in Denmark to just $1,112 in Romania.  The California benefits package is higher than in well-known welfare states as France ($17,324), Germany ($23,257) and even Sweden ($22,111).


If Immigration Creates Wealth, Why Is California America's Poverty Capital?




California used to be home to America's largest and most affluent middle class.  Today, it is America's poverty capital.  What went wrong?  In a word: immigration.
According to the U.S. Census Bureau's Official Poverty Measure, California's poverty rate hovers around 15 percent.  But this figure is misleading: the Census Bureau measures poverty relative to a uniform national standard, which doesn't account for differences in living costs between states – the cost of taxes, housing, and health care are higher in California than in Oklahoma, for example.  Accounting for these differences reveals that California's real poverty rate is 20.6 percent – the highest in America, and nearly twice the national average of 12.7 percent.

Likewise, income inequality in California is the second-highest in America, behind only New York.  In fact, if California were an independent country, it would be the 17th most unequal country on Earth, nestled comfortably between Honduras and Guatemala.  Mexico is slightly more egalitarian.  California is far more unequal than the "social democracies" it emulates: Canada is the 111th most unequal nation, while Norway is far down the list at number 153 (out of 176 countries).  In terms of income inequality, California has more in common with banana republics than other "social democracies."

More Government, More Poverty
High taxes, excessive regulations, and a lavish welfare state – these are the standard explanations for California's poverty epidemic.  They have some merit.  For example, California has both the highest personal income tax rate and the highest sales tax in America, according to Politifact.

Not only are California's taxes high, but successive "progressive" governments have swamped the state in a sea of red tape.  Onerous regulations cripple small businesses and retard economic growth.  Kerry Jackson, a fellow with the Pacific Research Institute, gives a few specific examples of how excessive government regulation hurts California's poor.  He writes in a recent op-ed for the Los Angeles Times:
Extensive environmental regulations aimed at reducing carbon dioxide emissions make energy more expensive, also hurting the poor.  By some estimates, California energy costs are as much as 50% higher than the national average.  Jonathan A. Lesser of Continental Economics ... found that "in 2012, nearly 1 million California households faced ... energy expenditures exceeding 10% of household income."
Some government regulation is necessary and desirable, but most of California's is not.  There is virtue in governing with a "light touch."
Finally, California's welfare state is, perhaps paradoxically, a source of poverty in the state.  The Orange Country Register reports that California's social safety net is comparable in scale to those found in Europe:
In California a mother with two children under the age of 5 who participates in these major welfare programs – Temporary Assistance for Needy Families, Supplemental Nutrition Assistance Program (food stamps), housing assistance, home energy assistance, Special Supplemental Nutrition Program for Women, Infants and Children – would receive a benefits package worth $30,828 per year.
... [Similar] benefits in Europe ranged from $38,588 per year in Denmark to just $1,112 in Romania.  The California benefits package is higher than in well-known welfare states as France ($17,324), Germany ($23,257) and even Sweden ($22,111).
Although welfare states ideally help the poor, reality is messy.  There are three main problems with the welfare state.  First, it incentivizes poverty by rewardingthe poor with government handouts that are often far more valuable than a job.  This can be ameliorated to some degree by imposing work requirements on welfare recipients, but in practice, such requirements are rarely imposed.  Second, welfare states are expensive.  This means higher taxes and therefore slower economic growth and fewer job opportunities for everyone – including the poor.
Finally, welfare states are magnets for the poor.  Whether through domestic migration or foreign immigration, poor people flock to places with generous welfare states.  This is logical from the immigrant's perspective, but it makes little sense from the taxpayer's.  This fact is why socialism and open borders arefundamentally incompatible.

Why Big Government?
Since 1960, California's population exploded from 15.9 to 39 million people.  The growth was almost entirely due to immigration – many people came from other states, but the majority came from abroad.  The Public Policy Institute of California estimates that 10 million immigrants currently reside in California.  This works out to 26 percent of the state's population.

BLOG: COME TO MEXIFORNIA! HALF OF LOS ANGELES 15 MILLION ARE ILLEGALS!
This figure includes 2.4 million illegal aliens, although a recent study from Yale University suggests that the true number of aliens is at least double that.  Modifying the initial figure implies that nearly one in three Californians is an immigrant.  This is not to disparage California's immigrant population, but it is madness to deny that such a large influx of people has changed California's society and economy.

Importantly, immigrants vote Democrat by a ratio higher than 2:1, according to a report from the Center for Immigration Studies.  In California, immigration has increased the pool of likely Democrat voters by nearly 5 million people, compared to just 2.4 million additional likely Republican voters.  Not only does this almost guarantee Democratic victories, but it also shifts California's political midpoint to the left.  This means that to remain competitive in elections, the Republicans must abandon or soften many conservative positions so as to cater to the center.
California became a Democratic stronghold not because Californians became socialists, but because millions of socialists moved there.  Immigration turned California blue, and immigration is ultimately to blame for California's high poverty level.


NANCY PELOSI, and her LA RAZA SISTERS, SEN. DIANNE FEINSTEIN, FORMER SEN. BARBARA BOXER and NOW SEN. KAMALA HARRIS are a pantheon of staggering self-serving corruption.

They and their families have all gotten filthy rich off of these women’s elected office.

Their endless hispandering for the illegals’ votes has turned California into Mexifornia, a drug, gang and anchor baby welfare third-world dumpster!


“Liberal governing has transformed beautiful California into the poverty capital of America with the worst quality of life.  Crazy taxes, crazy high cost of living, and crazy overreaching regulations have crushed the middle class, forcing the middle class to exit the Sunshine State.  All that is left in California are illegals feeding at the breast of the state, rapidly growing massive homeless tent cities, and the mega-rich.” LLOYD MARCUS


MEXICO’S BIGGEST EXPORT TO AMERICA… POVERTY, CRIMINALS, ANCHOR BABY BREEDERS FOR WELFARE and HEROIN

Mexico prefers to export its poor, not uplift them

http://www.csmonitor.com/2006/0330/p09s02-coop.html


VIDEO: JUDICIAL WATCH GOES AFTER CLINTON AND OBOMB… will they see prison time?

THE OBAMA-CLINTON SWAMP…. How close they came to destroying American democracy…. It’ what happens when two psychopath lawyers are permitted to run for office!

OBAMA'S OPEN BORDERS and the 

MEXICAN DRUG CARTELS



JAMES WALSH

AMERICAN? TRAITOR: BARACK OBAMA’S

HISPANICAZATION of AMERICA

 How the Democrat party surrendered America to Mexico:
                                                                                          

“The watchdogs at Judicial Watch discovered documents that reveal how the Obama administration's close coordination with the Mexican government entices Mexicans to hop over the fence and on to the American dole.”  Washington Times

The cost of the Dream Act is far bigger than the Democrats or their media allies admit. Instead of covering 690,000 younger illegals now enrolled in former President Barack Obama’s 2012 “DACA” amnesty, the Dream Act would legalize at least 3.3 million illegals, according to a pro-immigration group, the Migration Policy Institute.”

Obama Funds the Mexican Fascist Party of LA RAZA “The Race”… now calling itself UNIDOus.


THE PSYCHOPATH WHO WOULD BE DICTATOR FUNDED BY HIS
CRIMINAL CRONY BANKSTERS AND REELECTED FOR A THIRD TERM BY
MEXICO
MICHAEL BARONE:
The Lawlessness of the Obama Administration: A never-ending story

OBAMA’S CRONY BANKSTERISM destroyed a 11 TRILLION DOLLARS in home equity… and they’re still plundering us!

Barack Obama created more debt for the middle class than any president in US

history, and also had the only huge QE programs: $4.2 Trillion.

OXFAM reported that during Obama’s terms, 95% of the 

wealth created went to the top 1% of the world’s wealthy. 

BARACK OBAMA: THE CLOSET MUSLIM PSYCHOPATH WHO HATED AMERICA!
"But the Obamas are the center of the most delusional cult of personality that the media has yet spawned. And so we get bizarre pieces like these."


The mullahs rolled in cash as a result of rolling Obama and his gullible team over the deal, knowing that Obama was desperate for some sort of legacy.  MONICA SHOWALTER
SOARING POVERTY AND DRUG ADDICTION UNDER OBAMA
"These figures present a scathing indictment of the social order that prevails in America, the world’s wealthiest country, whose government proclaims itself to be the globe’s leading democracy. They are just one manifestation of the human toll taken by the vast and all-pervasive inequality and mass poverty. 

OBAMA-CLINTONOMICS to serve the filthy rich

The same period has seen a massive growth of social inequality, with income and wealth concentrated at the very top of American society to an extent not seen since the 1920s.


“This study follows reports released over the past several months documenting rising mortality rates among US workers due to drug addiction and suicide, high rates of infant mortality, an overall leveling off of life expectancy, and a growing gap between the life expectancy of the bottom rung of income earners compared to those at the top.”

BARACK OBAMA and ERICK HOLDER: BUILDING OBAMA’S MUSLIM-STYLE DICTATORSHIP requires destroying white middle class first. BLACKS HAVE ALREADY SELF-DESTRUCTED!

BANKSTERS’ RENT BOY ERIC HOLDER DECLARES THAT OBAMA IS

 

(still) “READY TO ROLL” FOR A THIRD TERM FOR LIFE!

 

 

http://mexicanoccupation.blogspot.com/2017/08/seth-barron-obama-and-building-of.html

 

 

“Obama’s new home in Washington has been described as the “nerve center” of the anti-Trump opposition. Former attorney general Eric Holder has said that Obama is “ready to roll” and has aligned himself with the “resistance.” Former high-level Obama campaign staffers now work with a variety of  groups organizing direct action against Trump’s initiatives. “Resistance School,” for example, features lectures by former campaign executive Sara El-Amine, author of the Obama Organizing.”

THE OBAMA MARXIST-MUSLIM BANKSTER-FUNDED THIRD TERM for life:

http://mexicanoccupation.blogspot.com/2018/03/obamas-marxism-still-hankering-for.html

 

"Cold War historian Paul Kengor goes deeply into Obama's communist background in an article in American Spectator, "Our First Red Diaper Baby President," and in an excellent Mark Levin interview.  Another Kengor article describes the Chicago communists whose younger generation include David Axelrod, Valerie Jarrett, and Barack Hussein Obama.  Add the openly Marxist, pro-communist Ayers, and you have many of the key players who put Obama into power." Karin McQuillan

"We know that Obama and his inner circle have set up a war room in his D.C.home to plan and execute resistance to the Trump administration and his legislative agenda.  None of these people care about the American people, or the fact that Trump won the election because millions of people voted for him."  

Patricia McCarthy / AMERICAN THINKER.com

 

 

THE OBAMA COUP: IT STARTED IN CHARLOTTESVILLE

 

 

"We know that Obama and his inner circle have set up a war room in his D.C.

home to plan and execute resistance to the Trump administration and his legislative

agenda.  None of these people care about the American people, or the fact that

Trump won the election because millions of people voted for him."  

Patricia McCarthy / AMERICAN THINKER.com


http://mexicanoccupation.blogspot.com/2017/08/did-barack-obama-start-charlottesville.html

 

 

CHICAGO: THE FACE OF A NATION IN SHAMBLES

CHICAGO’S BLACK GANG LAND…. Is what happens when bankster Rahm Emanuel and his corrupt Obama party turned the city under!


ILLINOIS FALLS TO LA RAZA MAYHEM…. Apparently Illinois did not benefit from 8 years of Barack Obama’s sabotage of Homeland security to build his LA RAZA base of Mexicans

“Illinois is a state full of illegal aliens.  One in seven Illinoisans are immigrants, with 450,000 official illegals.  One point two million jobs are taken by illegals in Illinois.  This is one of the most heavily invaded states in the Union.” --- Timothy Birdnow

THE MANY PHONY LIVES OF OPRAH WINFREY: Still up Barack Obama’s arse big time!

"In 2008, over 90% of my fellow black voters were hypnotized by Obama's skin color.  I tried to warn black family and friends that Obama was not black in terms of being one of us.  Obama was first and foremost a liberal Trojan Horse disguised in black skin, totally focused on furthering the liberal agenda rather than dealing with issues plaguing black Americans." DANIEL JOHN SOBIESKI

Experts: 44 Percent of DACA Illegal Aliens Worked Without Valid Social Security Numbers – JOHN BINDER

Under a DACA amnesty, American taxpayers would be left 

with a $26 billion bill. About one in five DACA illegal aliens, 

after an amnesty, would end up on food stamps, while at 

least one in seven would go on Medicaid. Since DACA’s 

inception under Obama, more than 2,100 illegal aliens have 

been kicked off the program after it was revealed that they 

were either criminals or gang members. JOHN BINDER


Obamanomics: How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends, Corporate Lobbyists, and Union Bosses



BY TIMOTHY P CARNEY

 Editorial Reviews

Obama Is Making You Poorer—But Who’s Getting Rich?

Goldman Sachs, GE, Pfizer, the United Auto Workers—the same “special interests” Barack Obama was supposed to chase from the temple—are profiting handsomely from Obama’s Big Government policies that crush taxpayers, small businesses, and consumers. In Obamanomics, investigative reporter Timothy P. Carney digs up the dirt the mainstream media ignores and the White House wishes you wouldn’t see. Rather than Hope and Change, Obama is delivering corporate socialism to America, all while claiming he’s battling corporate America. It’s corporate welfare and regulatory robbery—it’s Obamanomics.

*
Obama Is Making You Poorer—But Who’s Getting Rich?

Goldman Sachs, GE, Pfizer, the United Auto Workers—the same “special interests” Barack Obama was supposed to chase from the temple—are profiting handsomely from Obama’s Big Government policies that crush taxpayers, small businesses, and consumers.


Obama Administration Funded Soros’ Left-Wing Activities in Albania ​




Last week, I reported to you on our efforts to expose the Obama administration’s funding of George Soros’ left-wing political activities in Romania and Colombia. I also noted that we were pursuing his actions in Albania.
 
This week I’m pleased to say that we have results. We have obtained 32 pages of records showing that the Obama administration sent U.S. taxpayers’ funds to a Soros-backed group that used the money to fund left-wing political activities in Albania. That included working with the country’s socialist government to push for highly controversial judicial “reform.” The records also detail how the Soros operation helped the State Department review grant applications from other groups for taxpayer funding.
 
We obtained the records in our May 26, 2017, Freedom of Information Act (FOIA) lawsuit against the U.S. Department of State and the U.S. Agency for International Development (USAID) after both the State Department and USAID failed to respond to our March 31, 2017, FOIA requests (Judicial Watch v. U.S. Department of State and the U.S. Agency for International Development (No. 1:17-cv-01012)). We agreed to dismiss the lawsuit after we finally received the documents and payment of attorneys’ fees.
 
The new documents show USAID funds were funneled through that agency’s Civil Society Project to back Soros’ left-wing Open Society Foundations in Albania, particularly the Soros operation efforts to give the socialist government greater control of the judiciary. USAID reportedly gave $9 million in 2016 to the “Justice for All” campaign, which is overseen by Soros’ “East West Management Institute.”
 
In March 2017 a group of six U.S. Senators led by Sen. Mike Lee (R-UT) sent aletter to then-Secretary of State Rex Tillerson asking that he investigate charges that the U.S. government was using taxpayer funds to assist Soros in Albania. The letter said: “Foundation Open Society-Albania and its experts, with funding from USAID, have created the controversial Strategy Document for Albanian Judicial Reform. Some leaders believe that these ‘reforms’ are ultimately aimed to give the Prime Minister and left-of-center government full control over the judiciary.” In the Albanian parliament, opposition leaders have labeled the Strategy “a Soros-sponsored reform.”
 
The new records we released include an April 2016 memo from the U.S. Embassy in Tirana that reveals that the embassy “sponsored” a survey along with Soros’ Open Society Foundation to measure Albanian citizens’ “knowledge, support, and expectations on justice reform.” The Soros group survey reported that “91% of respondents either ‘fully support’ or ‘somewhat support’ the need for judicial reform.” The poll did not specify the type of reform the Soros group was seeking.
 
Also, records dated February 2017 show that the State Department used taxpayer funds to co-sponsor a second poll with the Open Society Foundation on judicial reforms that would essentially solidify the left’s control of the Albanian government. The report notes that the U.S. Embassy’s Public Affairs Section and the Open Society Foundation “each provided funding to a local organization to conduct a public opinion poll on attitudes towards the Judicial Reform effort.”
 
The records also reveal that the State Department gave the Soros organization direct input for its own program funding reviews in Albania. The February 10, 2017,report on “Engagement with the Open Society Foundation for Albania” notes that “As one of the major assistance providers in Albania, representatives from the Open Society Foundation are frequently asked to participate in technical reviews of application [sic] that we receive for funding.”
 
U.S. Ambassador to Albania Donald Lu, a holdover from the Obama administration, has been closely linked to Soros and the socialist government in Albania. In May 2017, Lu helped undermine Albanian opposition party plans to protest the upcoming parliamentary election by declaring that the U.S. would recognize the election results even if opposition parties refused to participate. Lu has been described in the U.S. press as “a driving force behind Albania’s judicial reforms.”
 
The Obama administration quietly spent at least $9 million in U.S. taxpayers’ dollars in direct collusion with left-wing billionaire George Soros’ backing of a socialist government in Albania. It is particularly outrageous that the State Department allowed the Soros operation to help direct taxpayer funds to other groups. George Soros is a billionaire, and he shouldn’t be receiving taxpayer support to advance his radical left agenda to undermine freedom here at home and abroad.
 
We have more Soros-related lawsuits pending, so I expect we will have more to report to you on the scandal in the coming months.




Chicago officials caught short-circuiting required review of Obama Presidential Center




The so-called “Obama Presidential Center” in Chicago is not a presidential library, and is not part of the National Archives. It will contain no collections of presidential papers, and therefore will have little if any value to historians and scholars of his presidency. It is a private building, financed by private donations. Its function appears to be serving as a monument to the man himself, offering space for basketball courts and meeting rooms for “community organizing,” among his favorite, pursuits. (No word on whether the presidential NCAA basketball brackets will be memorialized, as yet.)
This private endeavor wants to take over land in two publicly-owned properties that are on the National Register of Historic Places.
Jackson Park (on the Lake Michigan shoreline) and the Midway Plaisance, a treasured legacy of the Chicago World’s Fair that defines the surrounding neighborhoods, including the University of Chicago. This federal landmark status of the two park properties triggers a requirement for what is called a “Section 106 review” under the terms of the National Historic Preservation Act of 1966. Local Chicago officials are conducting that review, and holding public hearings.  Sort of.
A local citizens group, Jackson Park Watch, is monitoring this review process and has discovered that it appears to be skipping over the hard part, and moving towards a conclusion before the facts are considered.
As eloquently noted by Openland’s CEO Jerry Adelmann at last Thursday’s Section 106 meeting, there are significant problems with the process the City’s Department of Planning and Development and Department of Transportation are following as they conduct the required federal review of the proposals for the Obama Presidential Center and the related road changes it requires.  Two problems stand out:  First, the City departments have omitted the necessary first step of including public participation in developing the statement of “purpose and need” that defines the project for review.  Second, they have instead drafted their own “purpose and need” statement without public input.
Already, it appears that the fix is in. The public, who own the land, must be heard. The power to define the purpose and need is close to the the power to define the conclusion. But it gets worse. Much worse:
Rather than taking the current configuration of the park as the starting point for assessing the impact of the proposed changes, their statement disingenuously presumes that all of the OPC construction and road work has been completed and that only the resulting traffic problems need to be addressed.  As with the South Lakefront Framework Plan, there is an ongoing attempt to put the cart before the horse.
They have assumed away the nub of the problem: taking protected properties on the National Register of Historic Places and handing them over to a private party that will alter them forever. This is the question that must be vetted by members of the public and the affected communities. Focusing on traffic, as if the entire project were approved and completed is short-circuiting the requirements of the law.
But there is even more chicanery:
Also of note at Thursday’s meeting was the new proposal to take the eastern portion of the Midway — land that the Obama Foundation previously hoped to use for a parking garage — for use as “replacement” land for the baseball diamonds that will be displaced as a result of the OPC siting in the park.  Ironically, this proposal could result in a net loss of park space unless the City fully meets its commitment to give the Park District new open green space equal to that taken for the OPC.   Further, this proposal disregards the fact that there is an existing Midway Plaisance Framework Plan, developed through a proper community process, that envisions other uses for this space. 
This refers to the revisions made to the plan for a parking garage built on park land that is protected on National Register of Historic Places. Instead of an above-ground building, it is to be built below ground, and as I interpret this, they want to count it as “replacement” for other land )baseball diamonds) taken by the OPC. Sorry, at best, burying the garage only “replaces” the land it takes. It should not be double-counted. And the existing Midway Plaisance Plan, which was properly developed with community input just gets junked.
The late, great Mike Royko coined the term “clout” as the characteristic description of the essence of Chicago politics. With “clout,” anything is possible. Without it, nothing ever gets past the governing authorities of Chicago or Cook County.
It is painfully obvious that plenty of old-style clout is in the hands of the OPC backers. What remains to be seen is how much clout the community groups can generate. Jackson Park Watch concludes:
We hope that the haste with which the City and Obama Foundation are pursuing their objectives does not result in mistakes that will ultimately slow the entire project down.
I take this as a warning that the entire panoply of court reviews will be employed by opponents of taking park land, unless local officials start playing the game by the book.

JAMIE DIMON: AMERICA'S MOST CRIMINAL BANKSTER.... STILL ON THE LAM THANKS TO HIS RENT BOYS, OBAMA AND ERIC HOLDER!


THE OBAMA-CLINTON SWAMP…. How close they came to destroying American democracy…. It’ what happens when two psychopath lawyers are permitted to run for office!


THESE FUCKING BANKSTERS LOOTED MORE THAN $11 TRILLION DOLLARS FROM U.S. HOME EQUITY WITH THEIR TOXIC MORTGAGE SCAMS. AND THEY'RE STILL PLUNDERING US!


"The corporate-financial elite is preparing the most 

ruthless measures—economic and political—to 

counter the emerging rebellion of US workers 

against the government, the corporations and the 

corporatist trade unions that do their bidding."









THE RICH NEVER LET UP ON THEIR ASSAULTS ON THE AMERICAN MIDDLE CLASS!



95 MILLION AMERICANS (Legals) HAVE NO WORK AS THE BORDERS ARE FLOODED WITH FOREIGNERS SUCKING UP JOBS, WELFARE AND VOTING DEMOCRAT FOR MORE!
http://mexicanoccupation.blogspot.com/2017/11/john-binder-in-era-of-terrorism-and.html

JPMorgan CEO threatens rate hikes to break wages movement by US workers

By Barry Grey
7 April 2018
In the midst of an expanding wave of teachers’ strikes in the US and mounting class battles in Europe, intensive discussions are underway within the American ruling class on measures to prevent the growth of a militant nationwide movement for higher wages and benefits. The corporate-financial elite is preparing the most ruthless measures—economic and political—to counter the emerging rebellion of US workers against the government, the corporations and the corporatist trade unions that do their bidding.
On Thursday, JPMorgan Chase CEO Jamie Dimon, who heads the largest US bank and is often called “the most powerful banker in the world,” warned of rising wages and raised the possibility of a sharp rise in interest rates to put a brake on economic growth and drive up unemployment. The aim of such a policy would be to weaken the working class and break its resistance to austerity and wage cutting.
In his annual letter to shareholders, Dimon wrote: “I believe that many people underestimate the possibility of higher inflation and wages, which means they might be underestimating the chance that the Federal Reserve may have to raise rates faster than we think…
“If growth in America is accelerating, which it seems to be, and any remaining slack in the labor markets is disappearing—and wages start going up, as do commodity prices—then it is not an unreasonable possibility that inflation could go higher than people might expect.
“As a result, the Federal Reserve will also need to raise rates faster and higher than people might expect.”
Significantly, Dimon cited the precedent of then-Fed Chairman Paul Volcker’s shock increase in interest rates in August of 1979, which precipitated the deep recession of 1980-82. The Reagan administration exploited the wave of plant closures and layoffs that followed the near doubling of interest rates to launch an anti-working class offensive and social counterrevolution that has continued to this day, under Democratic no less than Republican presidents.
The appointment of Volcker by Democratic President Jimmy Carter followed the 111-day national coal miners’ strike of 1977-78, in which the miners defied Carter’s back-to-work Taft-Hartley injunction, shaking the authority of the entire state. Volcker’s recessionary measures were followed by Reagan’s firing and blacklisting of the PATCO air traffic controllers in 1981, which was the signal for a decade of union-busting, wage cutting and strikebreaking, made possible by the treachery of the union leadership.
Dimon wrote: “Remember that former Chairman of the Federal Reserve Paul Volcker increased the discount rate by 100 basis points on a Saturday night back in 1979 in response to a serious double-digit inflation problem. And when markets opened the next business day, the Fed funds rate went up by over 200 basis points.”
In his letter, Dimon acknowledged that the course he was suggesting could lead to an implosion of stock prices, noting, “In this case, markets will get more volatile as all asset prices adjust to a new and maybe not-so-positive environment.”
“There is a risk that volatile and declining markets can lead to market panic,” he added.
He alluded to the ultra-low interest rate regime that has been maintained for more than three decades by the Fed, with near-zero rates put in place following the 2008 market crash, which has fueled the staggering rise in stock prices and accompanying enrichment of the corporate-financial elite. “While in the past,” he said, “interest rates have been lower and for longer than people expected, they may go higher and faster than people expect.”
The social basis for the stock market boom has been the suppression of the class struggle. This has been accomplished above all by the transformation of the trade unions into corporatist adjuncts of the government and big business. The central preoccupation of these anti-working class organizations has been to prevent strikes and isolate and betray them when they broke out, resulting in record low levels of strike activity, especially since the 2008 financial crisis.
What particularly alarms the ruling class in the current wave of strikes and protests by teachers in West Virginia, Oklahoma, Kentucky, Arizona and other states is the fact that they have been organized by rank-and-file teachers independently of and increasingly in defiance of the unions.
The New York Times recently quoted a teacher in the leadership of a rank-and-file group in Arizona as saying, “Our unions have been weakened so much that a lot of teachers don’t have faith in them.” The newspaper noted that the walkouts to date have occurred in states where the teachers unions are weak, the majority of teachers are not union members, and state laws bar unions from compelling workers to pay union dues. It has written worriedly of teachers using social media “to organize and act outside the usual parameters of traditional unionism.”
It and other capitalist media are commenting on the “tight” labor market and danger of the economy “overheating.” This week alone, the Wall Street Journal published two front-page articles on this theme, one with the headline “Iowa’s Labor Plight: Too Many Jobs,” and the other with a headline noting that “jobs outnumber workers” in Elkhart, Indiana, the center of recreational vehicle manufacturing in the US.

BLOG: THERE IS NOT A BILLIONAIRE IN AMERICA THAT DOES NOT WANT OPEN BORDERS, HELL NO TO E-VERIFY, AMNESTY AND ENDLESS HORDES JUMPING OUR BORDERS AND JOBS.... all to keep wages depressed!
In essence, Dimon is telling the ruling class that regardless the consequences for stock prices and the fortunes and profits of significant sections of the corporate elite itself, the stability and continued rule of the capitalist class as a whole may require drastic measures to undermine workers’ militancy and step up the war on the working class.
Fear within the ruling elite of a wages movement was underscored Friday when US stock prices plunged following the release by the Labor Department of the March employment report. Alarm over the outbreak of a trade war between the US and China was compounded by the news that US wages had risen 2.7 percent year-over-year.
Two months ago, the Dow Jones Industrial Average plunged 665 points when the January jobs report showed a wage increase of 2.9 percent. But that was before the outbreak of the teachers’ strikes. This time, the very modest wage increase for March contributed to a drop in the Dow of 572 points.
As Dimon’s letter indicated, a rise in interest rates is only one component of an intensification of the offensive against the working class. The weakening of the working class by means of mass unemployment is to be accompanied by a frontal attack on what remains of basic social programs.
“The real problem with our deficit,” Dimon wrote, “is the uncontrolled growth of our entitlement programs… The extraordinary growth of Medicare, Medicaid and Social Security is jeopardizing our fiscal situation.”
Social Security could be “fixed,” the multimillionaire banker said, “by changing the qualification age and means testing, among other things.” He pointed out that when the program was initiated in 1935, the average life span after retirement was 13 years, while today it is 25. In other words, the destruction of health care for workers must be carried through to dramatically lower their life expectancy.
In his letter, Dimon did not spell out the political corollaries of his economic and social policies. However, in May of 2013, his bank issued a report on the euro area calling for the overturning of the bourgeois democratic constitutions established in Europe after World War II. The document, “The Euro Area Adjustment—About Half-Way There,” called for measures to protect the major international banks and stressed the need for “political reforms” of a dictatorial character to impose the necessary attacks on the working class.
The American financial oligarchy and the state are already beginning to implement similar measures to crack down on working-class opposition in the US, including the drive to censor the Internet and criminalize political dissent in the name of combating “fake news” and “Russian meddling.”


Top Banker Wants More Cheap White-Collar Immigrants





Every foreigner who graduates from American universities should be given green cards so they can compete for Americans’ white-collar jobs, according to the chairman of JPMorgan Chase & Co. bank.

Chairman Jamie Dimon’s call for more white-collar skilled immigration comes as U.S. companies rush to use the government’s offer of 85,000 H-1B visas which allow foreign college graduates to work in the U.S. for at least three years. When the H-1B is combined with various other visa-worker programs, more than 1 million college-grad guest workers are already holding U.S. jobs — and cutting salaries for American graduates.
“Those who get an advanced degree in the United States should receive a green card along with their diploma,” Dimon said in his annual letter to investors. “We need these skilled individuals in America.”
“Forty percent of foreign students who receive advanced degrees in science, technology and math (300,000 students annually) have no legal way of staying here, although many would choose to do so,” he said in the April 5 letter. “Most students from countries outside the United States pay full freight to attend our universities but many are forced to take the training back home.”
Dimon is an investor, not an employee, so he makes more money by expanding the size of the economy and growing values on Wall Street, almost regardless of employees’ per-capita wages and salaries.
JPMorgan is already a huge user of the H-1B program and has requested roughly 6,000 H-1B visas since 2014.

Democrat leader on Wall St asks CEOs to work with unions to raise wages, so preserving "workers’ confidence in the economic system." But Rubin opposes immigration reform to raise wages via a tight labor market. That's bad for Wall Street (and the party). http://bit.ly/2oNVt73 

Dimon caveated his call for cheaper labor by focusing on people with “advanced degrees in science, technology and math.”
But that caveat means little for American graduates because most skilled degrees include at least one of these subjects, such as statistics in a business degree and medical biology in a healthcare degrees. The federal government already lists a very wide variety of white-collar and skilled blue-collar jobs which can be won by foreign college graduate via the “Optional Practical Training” program. The list includes:
dairy science… horticultural science…  environmental studies … natural resources conservation … urban forestry … artificial intelligence … computer graphics … solar energy … naval science … cyber/electronic operations and warfare … nutrition sciences … sustainability studies … child psychology … archaeology … medical science … veterinary physiology … business statistics … management science.
Dimon’s call for more and cheaper white-collar labor is echoed by other business groups, including FWD.us, a lobby for information-technology investors.
In 2013, the Senate’s “Gang of Eight” immigration-and-amnesty bill included a section allowing universities to get green cards for all of their foreign customers. If the measure had passed, the white-collar labor market would have been flooded with a potentially unlimited supply of foreign college-grad seeking to work and living in the United States. That oversupply would have cut salaries for millions of young Americans graduates who need to pay their college debts, get married, buy houses and support children.
But it was opposition from voters — amid near-universal support in the established media — which killed the cheap white-collar labor provision and the amnesty bill. That opposition was recognized by New York real-estate investor Donald Trump, who used it to win the White House in 2016.
University groups strongly support the proposal to give their customers the hugely valuable bonus of green cards and citizenship. If made law, it would effectively allow academics and administrators — and the owners of private universities — to pocket the proceeds from selling the hugely valuable prize of Americans’ citizenship.
Four million Americans turn 18 each year and begin looking for good jobs in the free market.
But the federal government inflates the supply of new labor by annually accepting roughly 1.1 million new legal immigrants, by providing work-permits to roughly 3 million resident foreigners, and by doing little to block the employment of roughly 8 million illegal immigrants.
The Washington-imposed economic policy of economic growth via mass-immigration shifts wealth from young people towards older people, it floods the market with foreign laborspikes profits and Wall Street values by cutting salaries for manual and skilled labor offered by blue-collar and white-collar employees. It also drives up real estate priceswidens wealth-gaps, reduces high-tech investment, increases state and local tax burdens, hurts kids’ schools and college education, pushes Americans away from high-tech careers, and sidelines at least 5 million marginalized Americans and their families, including many who are now struggling with opioid addictions.

EVEN BEFORE HE TOOK OFFICE, BARACK OBAMA HAD SUCKED IN MORE BRIBES FROM CRIMINAL BANKSTERS THAN ANY OTHER PRESIDENT IN HISTORY!

Records show that four out of Obama's top five contributors are employees of financial industry giants -Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207) and Citigroup ($358,054)….. BUT HE KEPT THEM ALL OUT OF PRISON AND PLUNDERING FOR BOTTOMLESS BAILOUTS!


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