Record high income in 2017 for top one percent of wage earners in US
By Gabriel Black
20 October 2018
In 2017, the top one percent of US wage earners received their highest paychecks ever, according to a report by the Economic Policy Institute (EPI).
Based on newly released data from the Social Security Administration, the EPI shows that the top one percent of the population saw their paychecks increase by 3.7 percent in 2017—a rate nearly quadruple the bottom 90 percent of the population. The growth was driven by the top 0.1 percent, which includes many CEOs and corporate executives, whose pay increased eight percent and averaged $2,757,000 last year.
The EPI report is only the latest exposure of the gaping inequality between the vast majority of the population and the modern-day aristocracy that rules over them.
The EPI shows that the bottom 90 percent of wage earners have increased their pay by 22.2 percent between 1979 and 2017. Today, this bottom 90 percent makes an average of just $36,182 a year, which is eaten up by the cost of housing and the growing burden of education, health care, and retirement.
Meanwhile, the top one percent has increased its wages by 157 percent during this same period, a rate seven times faster than the other group. This top segment makes an average of $718,766 a year. Those in-between, the 90th to 99th percentile, have increased their wages by 57.4 percent. They now make an average of $152,476 a year—more than four times the bottom 90 percent.
Graph from the Economic Policy Institute
Decades of decaying capitalism have led to this accelerating divide. While the rich accumulate wealth with no restriction, workers’ wages and benefits have been under increasing attack. In 1979, 90 percent of the population took in 70 percent of the nation’s income. But, by 2017, that fell to only 61 percent.
Even more, while the bottom 90 percent of the population may take in 61 percent of the wages, large sections of the workforce today barely pull in any income at all. For example, Social Security Administration data found that the bottom 54 percent of wage earners in the United States, 89.5 million people, make an average of just $15,100 a year. This 54 percent of the population earns only 17 percent of all wages paid in America.
However unequal, these wage inequalities still do not fully present the divide between rich and poor. The ultra-wealthy derive their wealth not primarily from wages, but from assets and equities—principally from the stock market. While the bottom 90 percent of the population made 61 percent of the wages in 2017, they owned even less, just 27 percent of the wealth (according to the World Inequality Report 2018 by Thomas Piketty, Emmanuel Saez, and Gabriel Zucman).
The massive increase in the value of the stock market, which only a small segment of the population participates in, means that the top 10 percent of the population controls 73 percent of all wealth in the United States. Just three men—Jeff Bezos, Warren Buffet and Bill Gates—had more wealth than the bottom half of America combined last year.
Wages are so low in the United States that roughly half of the population falls deeper into debt every year. A Reuters report from July found that the pretax net income (that is, income minus expense) of the bottom 40 percent of the population was an average of negative $11,660. Even the middle quintile of the population, the 40th to 60th percentile, breaks even with an average of only $2,836 a year.
As the Social Security Administration numbers show, 67.4 percent of the population made less than the average wage, $48,250 a year in 2017, a sum that is inadequate to support a family in many cities—especially, with high housing costs, health care, education, and retirement factored in.
For the ruling class, though, workers’ wages are already too much. The volatility of the stock market and the deep fear that the current bull market will collapse has made politicians and businessmen anxious of any sign of wage increases.
In August, wages in the US rose just 0.2 percent above the inflation rate, the highest in nine years. Though the increase was tiny, it was enough to encourage the Federal Reserve to increase the interest rate past two percent for the first time since 2008. Raising interest rates helps to depress workers’ wages by lowering borrowing and spending. As the Financial Times noted, stopping wage growth was “central” to the Federal Reserve’s move.
Further analysis of the Social Security Administration data shows that in 2017, 147,754 people reported wages of 1 million dollars or more—roughly, the top 0.05 percent. Their combined total income of $372 billion could pay for the US federal education budget five times over.
These wages, however large, still pale in comparison to the money the ultra-rich acquire from the stock market. For example, share buybacks and dividend payments, a way of funneling money to shareholders, will eclipse $1 trillion this year.
Whatever the immediate source, the wealth of the rich derives from the great mass of people who do the actual work. Across the United States and around the world, workers, young people, and students have entered into struggle this year over pay, education, health care, immigration, war and democratic rights. This growing movement of the working class must set as its aim confiscating the wealth and power of this tiny parasitic oligarchy. Society’s wealth must be democratically controlled by those who produce it.
As CEO
compensation soars and
banksters'
plunder to new heights
"Another Fed study, “The
Demographics of Wealth,” found that people born in the 1980s, part of the
millennial generation, were at the greatest risk of becoming a “lost
generation” in terms of wealth accumulation. This age group is one of the most
likely to be saddled with student debt."
While workers are told by politicians of both big business parties that there is “no money” to pay for decent wages, education, health care or retirement, companies in the Standard & Poor’s 500 stock index are sitting on the largest cash stockpile in history, with estimates varying between $1.8 and $2.2 trillion as of the end of 2017.
Fifty-one million
US households cannot afford “survival budget”
By Kate Randall
26 May 2018
Newly released data
cast a revealing light on the state of income inequality in America a decade
after the Great Recession. While CEO pay soars to unheard of heights,
nearly 51 million US households cannot afford basic necessities like housing,
food and health care. The figures show that a tiny oligarchy of the super-rich
continues to tighten its grip over society, as more and more families struggle
to get by.
The New York
Times on Friday published the Equilar 200 Highest-Paid CEO Rankings
for 2017. The survey, conducted annually by the executive compensation
consulting firm Equilar, lists the pay packages awarded to CEOs at US public
companies with more than $1 billion in revenue.
Entries regarding the 10
highest-paid CEOs in 2017 show not only massive compensation packages, but huge
percentage increases over 2016.
· No. 1: Hock E. Tan of Broadcom, total compensation of
$103,211,163—a 318 percent increase over 2016
· No. 2: Frank J. Bisignano of First Data, total compensation of
$102,210,396—a 646 percent increase over 2016
· No. 10: Stephen Kaufer of TripAdvisor, total compensation of
$43,160,584—a 3,400 percent increase over 2016
This year for the first
time, as part of the 2010 Dodd-Frank banking law, publicly traded US
corporations must begin publishing comparisons between the pay of their chief
executive and the median compensation of other employees. (Figures are not yet
available for all of the highest-earning CEOs.)
The following are just a
few of the pay ratios for 2017:
· Mindy Grossman, Weight Watchers International, with $33,371,856 in
total compensation, received 5,908
times the median employee pay ($6,013).
· Margaret H. Georgiadis, Mattel, with $31,275,289 in total
compensation, received 4 , 987 times the median
employee pay ($6,271).
· Michael Rapino, Live Nation Entertainment, whose total
compensation rose by 577 percent to $70,615,760, received 2,893 times the median
employee pay ($24,416).
Put another way, a
Walmart worker earning the company’s median salary of $19,177 would have to
work for more than 1,000 years to earn the $22.2 million that company CEO Doug
McMillon was awarded in 2017.
Among the companies that
disclosed CEO pay ratios, the median was 275 to 1, i.e., the typical employee
would have to work 275 years to earn the annual compensation of his or her
company’s CEO.
While CEO compensation
continues to climb—with the top 200 CEOs receiving an average raise of 14
percent in 2017, compared to 9 percent in 2016 and 5 percent in 2015—there are
50.8 million US households that cannot afford a basic monthly budget, including
housing, food, child care, health care, transportation and a smart phone. The
new data was made available Tuesday by the United Way ALICE Project.
Those struggling to meet
a basic monthly budget include 16.1 million households living below the
official federal poverty level, an abysmally low $24,300 for a family of four
in 2016. Also included, however, were another 34.7 million families called
ALICE, which stands for Asset Limited, Income Constrained, Employed. In other
words, these households include working members and are not “officially” poor,
but cannot afford basic necessities.
As the ALICE Project
press release on the data notes, “ALICE is the nation’s child care workers,
home health aides and store clerks—those men and women who work at low-paying
jobs, having little or no savings and are one emergency from poverty.” Workers
at companies whose CEOs rank in the top 200 in pay fall into this category,
including McDonald’s, Walgreens, Office Depot and food service companies
Aramark and Sysco.
Data highlighted by the
research includes the following:
· Two-thirds of all US jobs in the country are low-paying—less than
$20 an hour, or $40,000 a year if full-time.
· More than 30 percent of households in each state cannot afford a
basic “survival budget.” The percentage of these families ranges from 32 percent
in North Dakota to 49 percent in California, New Mexico and Hawaii.
· Those families earning over the poverty level but struggling to
afford basic necessities outnumber similarly struggling households living in
poverty in all 50 states.
· California, Texas and Florida—the first, second and fourth most
populous states, respectively--have the largest number of ALICE households in
the country.
Also published Tuesday
was a study by the Federal Reserve Board that exposes the precarious financial
situation facing millions of American workers and their families. The “Report
on the Economic Well-Being of US Households in 2017” found that 4 in 10 adults,
if faced with an unexpected expense of $400, would either be unable to cover it
or would pay for it by selling a possession or borrowing money.
For working class
families, such unexpected expenses could include a medical bill, a car repair,
home repairs, appliance replacement, unexpected taxes or fines—the list goes
on. While the CEOs in the top 200 have assets stashed away in rainy day funds
in the millions, an unexpected emergency can mean going without food, being
forced deeper into credit card debt, debt collection or eviction. The study
found that 3 percent of renters were evicted or moved because of the threat of
eviction in the last two years.
The report noted that
one-fifth of non-retired adults are pessimistic about their future employment
opportunities. A substantial number of workers are in precarious employment,
with one-sixth having irregular work schedules imposed by their employer, and
one-tenth receiving their work schedules less than a week in advance.
The study reported that
over half of college attendees under age 30 have taken on debt to pay for their
education. Those who failed to complete a degree, and those who attended
for-profit institutions, were more likely to have fallen behind on their
payments. Among those making payments on their student loans, the typical
monthly payment was between $200 and $300, or 6 to 9 percent of total income
for someone working full-time at $20 an hour.
Another Fed study, “The
Demographics of Wealth,” found that people born in the 1980s, part of the
millennial generation, were at the greatest risk of becoming a “lost
generation” in terms of wealth accumulation. This age group is one of the most
likely to be saddled with student debt. While all families headed by someone born
in 1960 or later have failed to recover economically since the Great Recession,
those born in the 1980s are the least likely to have recovered to their
pre-1980 financial level.
Not surprisingly, the
“Economic Well-Being” report found that less than two-thirds of non-retired
adults thought their retirement savings are on track. One-fourth had no
retirement savings or pension whatsoever.
While workers are told
by politicians of both big business parties that there is “no money” to pay for
decent wages, education, health care or retirement, companies in the Standard
& Poor’s 500 stock index are sitting on the largest cash stockpile in
history, with estimates varying between $1.8 and $2.2 trillion as of the end of
2017.
The obscene levels of
compensation doled out to the CEOs and the corresponding struggle of working
class families to pay basic monthly bills provoke no serious response from the
Democratic Party, which is fixated on the claims of Russian “meddling” in the
2016 elections.
The Democrats have
provided the votes to fund the Pentagon’s record $700 billion budget and secure
the confirmation of black-site torture administrator Gina Haspel to head the
CIA. They put up no serious opposition to Trump’s multi-trillion-dollar tax cut
for corporations and the rich. Meanwhile, work requirements are being imposed
on Medicaid and food stamps, with virtually no opposition from the Democratic
Party.
The working class must
break from both parties of the capitalist class and build a mass socialist
movement to seize the wealth of the financial elite and put an end to the
profit system. This is the only basis for meeting essential social needs.
STARING IN THE FACE of AMERICA’S UNRAVELING and the ROAD TO REVOLUTION
“It will more likely come on the heels of
economic dislocation and dwindling wealth to redistribute.”
“Our
entire crony capitalist system, Democrat and Republican alike, has become
a kleptocracy approaching par with third-world hell-holes. This
is the way a great country is raided by its elite.” -- Karen McQuillan THEAMERICAN
THINKER.com
"The
kind of people needed for violent change these days are living in
off-the-grid rural compounds, or the “gangster paradise” where
the businesses of drugs, guns, and prostitution are much more
lucrative than “transforming” America along Cuban lines." BRUCE
THORNTON
*
There can be no resolution to any social problem confronting the
population in the United States and internationally outside of a frontal
assault on the wealth of the financial elite.
*
The political system is controlled by this
social layer, which uses a portion of its economic plunder to bribe politicians
and government officials, whether Democratic or Republican.
AUDIO
October 17, 2018
Antifa At Large in Portland
October 17, 2018
Public safety
Cities
Politics and law
Andy Ngo joins City Journal editor Brian Anderson to discuss the recent outbreak of violence in Portland between far-left activists, commonly referred to as Antifa, and right-wing groups that gathered to oppose them.
Pacific Northwest cities like Portland and Seattle have long been hotbeds for extreme left-wing political movements. Recently, video emerged of black-clad Antifa activists directing midday traffic and harassing drivers in Portland’s business district. A week later, street brawls broke out after an Oregon-based right-wing group called Patriot Prayer held a march in downtown Portland, purportedly in protest of the mayor’s oversight of the police and leniency with far-left activists.
Political violence may be spreading to other cities: this past weekend, Antifa brawled with members of the Proud Boys in New York.
Andy Ngo is an editor at Quillette and a writer whose work has appeared in the Wall Street Journal, National Review Online, The American Spectator, and City Journal.
FAKEBOOK and GOOGLE ASSAULT FREE SPEECH TO BUILD THE
GLOBALISTS’ BILLIONAIRES’ DICTATORSHIP FOR THE RICH
https://mexicanoccupation.blogspot.com/2018/10/facebook-and-google-assault-free-speech.html
THE INVITED INVADING HORDES: IT’S
ALL ABOUT KEEPING WAGES DEPRESSED!
"In the decade following the
financial crisis of 2007-2008, the capitalist class has delivered powerful
blows to the social position of the working class. As a result, the working
class in the US, the world’s “richest country,” faces levels of economic
hardship not seen since the 1930s."
"Inequality has reached
unprecedented levels: the wealth of America’s three richest people now
equals the net worth of the poorest half of the US population."
OBAMANOMICS
TO SERVE BANKSTERS
AND
GLOBAL BILLIONAIRES
"One of the premier institutions of
big business, JP Morgan Chase, issued an internal report on the
eve of the 10th anniversary of the 2008 crash, which warned that
another “great liquidity crisis” was possible, and that a
government bailout on the scale of that effected by Bush and Obama
will produce social unrest, “in light of the potential impact
of central bank actions in driving inequality between asset owners
and labor."
BARACK OBAMA’S CONSPIRACY FOR A THIRD TERM FOR LIFE
First, destroy Trump and put away Hillary.
HE PARTNERS WITH ZUCKERBERG, SOROS AND LOUIS FARRAKHAN
“Obama would declare himself president for life with Soros
really running the show, as he did for the entire Obama presidency.”
“Hillary was always
small potatoes, a placeholder as it were. Her health was always suspect. And do
you think the plotters would have let a doofus like Tim Kaine take office in
the event that Hillary became disabled?”
“Obama has the totalitarian
impulse. After all, he went around saying he didn't have Constitutional
authority to legalize the illegals, and then he tried anyway. The courts
stopped him.”
“The bottom line 2 is
this: Barack Obama is a Communist. This was all an Obama operation. Why is
anyone surprised that a communist (Obama) tried to subvert an election. That is
what Communists do. It is Barack Obama and his people like Brennan and Clapper
behaving to type. That's what Maduro does in Venezuela. That's what the Castro
brothers did. That's what every communist and socialist nation does. THEY FIX ELECTIONS!!”
“Hillary
kept a secret server overflowing with national security info which, more than
likely, was hacked. June 28, 2016, on a Phoenix tarmac, Bill Clinton met with
Attorney General Loretta Lynch to seal a deal insuring Hillary would not be
prosecuted.”
“Obama, of course, covered
up his own role, depicting his presidency as eight years of heroic
efforts to repair the damage caused by the 2008 financial crash. At
the end of those eight years, however, Wall Street and the financial
oligarchy were fully recovered, enjoying record wealth, while
working people were poorer than before, a widening social chasm that
made possible the election of the billionaire con man and Demagogue in November
2016.”
David Bernstein & The Heritage Foundation - “Lawless: The
Obama Administration’s Unprecedented Assault on the Constitution and the Rule
of Law.”
“The
Lawlessness of the Obama Administration: A never-ending story.” Michael
Barone
– American Historian – Washington
Examiner
*
Obama Quietly Erasing Borders (Article)
GET THIS BOOK!
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.
*
OBOMB for
BRIBES:
BARACK OBAMA
AGAIN TALKS THIRD TERM.
President
Barack Obama: During
his presidential campaign, President Obama promised to run an ethical and
transparent administration. However, in his first year in office, the President
has delivered corruption and secrecy, bringing Chicago-style political
corruption to the White House. JUDICIAL WATCH
“They knew Obama
was an unqualified crook; yet they promoted him. They knew Obama was a train
wreck waiting to happen; yet they made him president, to the great injury of
America and the world. They understood he was only a figurehead, an egomaniac,
and a liar; yet they made him king, doing great harm to our republic (perhaps
irreparable.)”
ALLAN ERICKSON
"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 thatTrump won the election because
millions of people voted for him." Patricia McCarthy / AMERICAN THINKER.com
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.
BARACK OBAMA’S NOT SO
SECRET PRO-MU$LIM, ANTI-SEMITIC MOVE FOR A THIRD TERM FOR LIFE.
"When former
president Barack Obama, former president Bill Clinton and Eric Holder, a top
DOJ official in both administrations, have been caught hanging around with
Farrakhan, there’s a racism problem." DANIEL GREENFIELD
"Then we suffered the rattling election of Barack Obama, whose active membership in a white-, Jewish-, and America-hating church was well known to the electorate. His close personal relationship with the likes of his adored Rev. Jeremiah Wright and Louis Farrakhan was no secret. Obama was open about his goals. He told us he was out to "fundamentally transform America" and the world." ALAN BERGSTEIN
Attorney General Eric Holder: Tim Geithner can be sure he
won't be hounded about his tax-dodging by his colleague Eric Holder, US
Attorney General. Judicial Watch strongly opposed Holder because of his
terrible ethics record, which includes: obstructing an FBI investigation of the
theft of nuclear secrets from Los Alamos Nuclear Laboratory; rejecting multiple
requests for an independent counsel to investigate alleged fundraising abuses
by then-Vice President Al Gore in the Clinton White House; undermining the
criminal investigation of President Clinton by Kenneth Starr in the midst of
the Lewinsky investigation; and planning the violent raid to seize
then-six-year-old Elian Gonzalez at gunpoint in order to return him to Castro's
Cuba. JUDICIAL WATCH
BARCK HUSSEIN OBAMA’S MUSLIM HERITAGE
Earlier this month, jihadists of the
Al-Shabaab terror group hijacked a bus heading to Garissa and ordered all the
passengers to exit the vehicle. The assailants asked for identification cards,
then proceeded to separate the Muslims from the Christians.
When two Christians refused to recite
the Islamic statement of faith, or Shahada, they were executed.
THE RISE of BARACK OBAMA, sociopath huckster from
Chicago, and the FALL of AMERICA
http://globalistbarackobama.blogspot.com/2018/09/sociopath-barack-obama-gets-award-for.html
“My guess is
that the students and employees at the U of I who listened to Obama's
self-righteous speech believe that Obama is ethical because most of the media
intentionally hid the mass corruption, or if they reported on it, they
downplayed it. The corruption and unethical behavior started as soon
as Obama took office.” JACK HELLNER / AMERICAN
THINKER.com
“They knew Obama was an unqualified crook; yet they
promoted him. They knew Obama was a train wreck waiting to happen; yet they
made him president, to the great injury of America and the world. They
understood he was only a figurehead, an egomaniac, and a liar; yet they made
him king, doing great harm to our republic (perhaps irreparable.)” ALLAN
ERICKSON
JUDICIAL WATCH TEN MOST
CORRUPT
President Barack Obama: During
his presidential campaign, President Obama promised to run an ethical and
transparent administration. However, in his first year in office, the President
has delivered corruption and secrecy, bringing Chicago-style political
corruption to the White House. JUDICIAL WATCH
BARACK OBAMA POSITIONS MARK ZUCKERBERG of FAKEBOOK
to be his global controller of propaganda for the Obama bankster-funded third
term for life.
http://globalistbarackobama.blogspot.com/2018/09/fakebooks-mark-zuckerberg-will-be.html
“They knew Obama was an unqualified crook; yet they
promoted him. They knew Obama was a train wreck waiting to happen; yet they
made him president, to the great injury of America and the world. They
understood he was only a figurehead, an egomaniac, and a liar; yet they made
him king, doing great harm to our republic (perhaps irreparable.)” ALLAN
ERICKSON
FAKEBOOK and GOOBLE ASSAULT FREE SPEECH TO BUILD THE
GLOBALISTS’ BILLIONAIRES’ DICTATORSHIP FOR THE RICH
https://mexicanoccupation.blogspot.com/2018/10/facebook-and-google-assault-free-speech.html
*
*
TRAITOR
BARACK OBAMA and the MEX FASCIST MOVEMENT of LA RAZA “The Race”
Reconquistas
Muñoz, Solis present at Obama sovereignty sellout session ...Obama was joined
at the meeting [about a push to amnesty millions of border-hopping job thieves]
by Secretary of Labor Hilda Solis, Senior Advisor Valerie
Jarrett, Assistant to the President for Legislative Affairs Phil Schiliro,
and White House Director of Intergovernmental Affairs [and former 'Tan Klan'
minion] Cecilia Muñoz...
*
"Of course none of this comes as any surprise considering that Obama's point person on illegal immigration, Cecilia Munoz, once worked for the ultra-radical National Council of La Raza [aka the Tan Klan], a racist group that is committed to staging a takeover of the American Southwest and returning it to Mexico...."
"Of course none of this comes as any surprise considering that Obama's point person on illegal immigration, Cecilia Munoz, once worked for the ultra-radical National Council of La Raza [aka the Tan Klan], a racist group that is committed to staging a takeover of the American Southwest and returning it to Mexico...."
GLOBALIST FOR BANKSTERS, THE SUPER RICH and
OPEN BORDERS
ADVOCATES TO FINISH OFF THE AMERICAN
MIDDLE-CLASS.
There’s a reason why Soros, Bezos, Zuckerberg,
Bloomberg, Gates and the Koch Brothers love the Obomb!
http://mexicanoccupation.blogspot.com/2018/09/barack-obama-and-his-muslim-style.html
“Democrats Move Towards ‘Oligarchical
Socialism,’ Says Forecaster Joel Kotkin.”
JUDICIAL WATCH’S TEN MOST
CORRUPT LIST
President Barack Obama: During
his presidential campaign, President Obama promised to run an ethical and
transparent administration. However, in his first year in office, the President
has delivered corruption and secrecy, bringing Chicago-style political
corruption to the White House. JUDICIAL WATCH
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.
MULTI-CULTURALISM and the
creation of a one-party globalist country to serve the rich in America’s open
borders.
http://mexicanoccupation.blogspot.com/2017/12/em-cadwaladr-impending-death-of.html
“Open border advocates, such as Facebook's Mark Zuckerberg, claim illegal
aliens are a net benefit to California with little evidence to support such an
assertion. As the CIS has documented, the vast majority of illegals are poor,
uneducated, and with few skills. How does accepting millions of illegal aliens
and then granting them access to dozens of welfare programs benefit
California’s economy? If illegals were contributing to the economy in any
meaningful way, CA, with its 2.6 million illegals, would be booming.” STEVE
BALDWIN – AMERICAN SPECTATOR
GEORGE SOROS
PARTNERS WITH BARACK OBAMA and ERIC HOLDER TO CREATE A GLOBALIST REGIME FOR THE
BILLIONAIRE CLASS and CRONY BANKSTERS…. Open borders and endless hordes of
illegals will make it happen!
http://mexicanoccupation.blogspot.com/2018/04/monica-showalter-soros-banksters-and.html
YOU WONDERED WHY
OBAMA-HOLDER WORKED SO HARD TO SABOTAGE AMERICAN VOTING FOR MORE ILLEGALS???
Those are the subliterate, low-skill,
non-English-speaking indigents whose own societies are unable or unwilling to
usefully educate and employ them. Bring these people here and they not only
need a lot of services, they are putty in the hands of leftist demogogues as
Hugo Chavez demonstrated - and they are very useful as leftist voters who will
support the Soros agenda.
Banksters’ rent boy
Eric Holder declares that Obama is ready to roll for a third term!
BARACK OBAMA and
ERIC HOLDER: BUILDING OBAMA’S MUSLIM-STYLE DICTATORSHIP requires destroying
white middle class first.
(BANKSTERS)
NO POL IN
HISTORY SUCKED IN MORE BRIBES FROM BANKSTERS THAN BARACK OBAMA, AND HE DID IT
BEFORE HIS FIRST DAY IN OFFICE. What did the Wall Street banksters know that
took us so long to find out???
"One of the
premier institutions of big business, JP Morgan Chase, issued
an internal report on the eve of the 10th anniversary of the 2008
crash, which warned that another “great liquidity crisis”
was possible, and that a government bailout on the scale of that
effected by Bush and Obama will produce social unrest, “in light of
the potential impact of central bank actions in driving
inequality between asset owners and labor."
Obama, of course, covered up
his own role, depicting his presidency as eight years of heroic
efforts to repair the damage caused by the 2008 financial crash. At
the end of those eight years, however, Wall Street and the financial
oligarchy were fully recovered, enjoying record wealth, while
working people were poorer than before, a widening social chasm that
made possible the election of the billionaire con man and Demagogue in November
2016.
“The response of the administration
was to rush to the defense of the banks. Even before coming to power, Obama
expressed his unconditional support for the bailouts, which he
subsequently expanded. He assembled an administration
dominated by the interests of finance
capital, symbolized by economic adviser Lawrence Summers and Treasury
Secretary Timothy Geithner.”
Trump criticized
Dimon in 2013 for supposedly contributing to the
country’s economic downturn. “I’m not Jamie Dimon, who pays $13 billion to
settle a case and then pays $11 billion to settle a case and who I think is the
worst banker in the United States,” he told reporters.
(END
BANKSTERS)
*
(BANKS
DEPRESSED WAGES)
Crony Capitalism, Economic plunder by Wall Street, Bottomless Bailouts
and Wider Open Borders to Keep Wages Depressed and Profits up.
The stupendous run-up on the global
stock exchanges and vast increase in the personal fortunes of the
financial oligarchy have depended on the relentless downward pressure on
workers’ wages and conditions.
This is a class-conscious
decision by the central bank executives, who understand that investors tend to
make far more money when the sword of mass unemployment and poverty is kept
swinging over the heads of workers.
*
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!
“If the Constitution did not forbid cruel
and unusual punishment, the sentence I would like to see imposed would place
both Bill and Hillary Clinton in the same 8-by-12 cell.” ROBERT
ARVAY – AMERICAN THINKER com
“They knew Obama was an unqualified crook; yet they
promoted him. They knew Obama was a train wreck waiting to happen; yet they
made him president, to the great injury of America and the world. They
understood he was only a figurehead, an egomaniac, and a liar; yet they made
him king, doing great harm to our republic (perhaps irreparable.)” ALLAN
ERICKSON
They Destroyed Our Country
“They knew Obama was an unqualified
crook; yet they promoted him. They knew Obama was a train wreck waiting to
happen; yet they made him president, to the great injury of America and the
world. They understood he was only a figurehead, an egomaniac, and a liar; yet
they made him king, doing great harm to our republic (perhaps irreparable.)”
THE RISE TO POWER OF BANKSTER-OWNED
BARACK OBAMA
'Incompetent' and 'liar' among most
frequently used words to describe the president: Pew Research Center
The larger fear is that Obama might be just another corporatist, punking
voters much as the Republicans do when they claim to be all for the common guy.
OBAMA'S ASSAULT ON AMERICA -WHY WALL STREET, ILLEGALS, CRIMINAL BANKSTERS
and the 1% LOVE HIM, AND THE MIDDLE CLASS GETS THE SHAFT TO PAY FOR HIS CRONY
CAPITALISM
CEO pay is higher than ever, as is the chasm separating the rich and
super-rich from everyone else. The incomes of the top 1 percent grew more than
11 percent between 2009 and 2011—the first two years of the Obama
“recovery”—while the incomes of the bottom 99 percent actually shrank.
Meanwhile, Obama is pressing forward
with his proposal, outlined in his budget for the next fiscal year, to slash
$400 billion from Medicare and $130 billion from Social Security… AS WELL AS
WIDER OPEN BORDERS, NO E-VERIFY, NO LEGAL NEED APPLY TO KEEP WAGES DEPRESSED
INCOME PLUMMETS UNDER OBAMA AND HIS WALL STREET CRONIES
WELFARE
CHEAT BARACK OBAMA FUNDS HIS EGO TOWER off tax payers backs!
I am sure
that Obama and his friend and former chief of staff Rahm would not like to see
pols running for mayor on a platform of halting the giveaway."
But that halt to lawlessness hasn't stopped the
Windy City's politicians rushing to hand over almost 20 acres of precious
lakefront park land to the private foundation controlled by Barack and Michelle
Obama. The Obama Foundation (Obama.org) promises to build a monument
to his presidency, called the Obama Presidential Center (OPC). It
has to be called the OPC because it will not be an actual presidential library,
under the control of the National Archives, but rather a privately controlled
entity, free to focus on whatever pleases the 44th president.”
IMAGE:
BANKSTERS’ RENT BOY FORMER
ATTORNEY GEN ERIC HOLDER POSES WITH HITLER PRAISING LEADER OF RACIST,
HOMOPHOBIC, ANTI-SEMITIC HATE MONGER LOUIS Farrakhan.
“Attorney
General Eric Holder's tenure was a low point even within the disgraceful
scandal-ridden Obama years.” DANIEL GREENFIELD / FRONTPAGE MAG
*
NO PRESIDENT IN HISTORY SUCKED IN
MORE BRIBES FROM CRIMINAL BANKSTERS THAN BARACK OBAMA!
This was not because of
difficulties in securing indictments or convictions. On the contrary, Attorney
General Eric Holder told a Senate committee in March of 2013 that the Obama
administration chose not to prosecute the big banks or their CEOs because to do
so might “have a negative impact on the national economy.”
*
BARACK OBAMA and the RISE OF THE MEXICAN FASCIST
PARTY of LA RAZA ‘The Race’, now calling itself UNIDOSus.
http://mexicanoccupation.blogspot.com/2013/03/traitor-barack-obama-and-rise-of.html
“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
Obama Funds the Mexican Fascist Party of
LA RAZA “The Race”… now calling itself UNIDOSus.
"This is country belongs to Mexico" is said by the
Mexican Militant. This is a common teaching that the U.S. is really AZTLAN,
belonging to Mexicans, which is taught to Mexican kids in Arizona and
California through a LA Raza educational program funded by American Tax Payers
via President Obama, when he gave LA RAZA $800,000.00 in March of 2009!
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.
PATHOLOGICAL LIAR BARACK OBAMA MOCKS TRUMP
Obama orchestrated the greatest transfer of wealth to the rich in
U.S. history!
THE WALL STREET BOUGHT AND OWNED DEMOCRAT PARTY
SERVING BANKSTERS, BILLIONAIRES and INVADING ILLEGALS
THE CRONY CLASS:
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.”
(TOP - THIRD TERM, PAY-TO-PLAY – BIDEN)
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 RISE OF
BARACK OBAMA an American Traitor
http://mexicanoccupation.blogspot.com/2013/03/traitor-barack-obama-and-rise-of.html
LOOKING LIKE 30 YEARS FOR HILLARY CLINTON …. OBAMA MAY FOLLOW
HER!
MICHAEL BARONE
“The Lawlessness of the Obama
Administration: A never-ending story.”
GLOBLIST BARACK OBAMA,
AND HIS GLOBALIST CRONIES WANT WIDER OPEN BORDERS TO KEEP WAGES DEPRESSED.
OBAMA’S ASSAULT ON
ARIZONA
SENATOR JEFF FLAKE’S STATE of MEX-OCCUPIED ARIZONA:
1.
SECOND ONLY TO MEXICO CITY IN MEX KIDNAPPING.
2.
PHOENIX IS U.S. FIRST PLACE FOR MEX HOME INVASION
3.
PHOENIX IS U.S. FIRST PLACE FOR MEX CAR THEFT.
4.
MILLIONS PAID OUT TO MEX ANCHOR BABY BREEDERS
The
Mexican fascist separatist movement of M.E.Ch.A's goal is even more radical: an
independent ''Aztlan,'' the collective name this organization gives to the seven states of the U.S.
Southwest – Arizona, California,
Colorado, Nevada, New Mexico, Texas and Utah."
*
The “zero tolerance” program was dismantled by Attorney
General Erc Holder once it had successfully cut the transit of
migrants by roughly 95 percent. Initially, officials made 140,000 arrests per
year in the mid-2000s, but the northward flow dropped so much that officials
only had to make 6,000 arrests in 2013, according to a 2014 letter by two
pro-migration Senators, Sen. Jeff Flake and John McCain.
*
More than half a million
illegal immigrants of several dozen nationalities have been apprehended on John
Ladd’s sprawling cattle ranch in southeastern Arizona. Ladd has also found 14
dead bodies on his 16,500-acre farm, which has been in his family for well over
a century and sits between the Mexican border and historic State Route 92.
*
We’ve got an even more ominous enemy within
our borders that promotes “Reconquista of Aztlan” or the reconquest of
California, Arizona, New Mexico and Texas into the country of Mexico.
*
“While the Obama Administration downplays violence along
the U.S.-Mexico border, authorities in Texas reveal that Mexican have
transformed parts of the state into a war zone where shootings, beheadings,
kidnappings and murders are common.
FIFTEEN THINGS YOU SHOULD KNOW ABOUT LA RAZA “THE RACE”
by Michelle Malkin
Only in America could critics of a group
called "The Race" be labeled racists. Such is the triumph of
left-wing identity chauvinists, whose aggressive activists and supine abettors
have succeeded in redefining all opposition as "hate."
JUDICIAL WATCH
OBAMA HANDS TAX DOLLARS TO LA RAZA MEXICAN SUPREMACIST:
Previous
generations of immigrants did not believe they were racially superior to
Americans. That is the view of La Raza Cosmica, by Jose Vasconcelos,
Mexico’s former education minister and a presidential candidate. According to
this book, republished in 1979 by the Department of Chicano Studies at Cal
State LA, students of Scandinavian, Dutch and English background are dullards,
blacks are ugly and inferior, and those “Mongols” with the slanted eyes lack
enterprise. The superior new “cosmic” race of Spaniards and Indians is
replacing them, and all Yankee “Anglos.” LLOYD
BILLINGSLEY/ FRONTPAGE mag