Sunday, January 19, 2020

THE WIFE OF THE MAN WHO TRANSFERRED THE GREATEST AMOUNT OF WEALTH TO THE RICH, MICHELE OBAMA SAYS HELP THE POOR KIDS EAT GOOD!

Boo hoo: Michelle Obama gets a birthday gift from Trump


A small detail escaped the notice of all the normals out there, but not the rabid left: President Trump's rollback of federal school regulations on food content children are permitted to eat was released on ... Michelle Obama's birthday.
The outrage reverberated through every lefty yoga parlor, union hall, and Twitter enclave -- from Santa Monica to Martha's Vineyard.
A sample from Fox News:
“What a shameless, embarrassing capitulation to lobbyists at the expense of American children and their well-being,” said Sam Kass, who served as executive director of Obama's “Let's Move" campaign to combat child obesity. ”This country - and its kids - deserve so much better. "
Rep. Bobby Scott, a Virginia Democrat and chairman of the House Committee on Education and Labor, said the proposal “threatens the progress we’ve made toward improving nutrition in schools.”
“For many children, the food they eat at school is their only access to healthy, nutritious meals,” he said.
The American Heart Association said the rule would “put children’s health at risk.”
“Healthy school meals help combat childhood obesity and poor cardiovascular health, but they also help establish a foundation for a lifetime of healthy behaviors," the group said.
As first lady, Obama championed healthier school meals as part of the “Let’s Move” campaign.
“With one in three of our kids on track to have diabetes, it's unconscionable that the Trump administration would do the bidding of the potato and junk food industries," Kass said.
But what really made them mad was that it was done on Michelle Obama's birthday:










Imagine how spiteful, vindictive, and hateful someone has to be to roll back Michelle Obama’s nutritious lunch program for children on her birthday. You are a very weak man @realDonaldTrump.







(It was quite a job curating that one, given the difficulty of finding tweets with no use of the left's customary foul language.)
Michelle's birthday? Who follows such things other than leftists, who've got her birthday enshrined rent-free in their otherwise empty gourds. If anything, Michelle Obama should be happy the mess was scrapped on her birthday, at least if she cares about kids, given the failure of her program and the food waste that has since followed. The #ThankYouMichelleObama campaign from 28,000 schoolkids starving and trashing the slop was no small thing.
Remember these?
Her program was an absolute failure of nominally good intentions, clouded by overhead, corruption and all the problems of a centrally planned one-size-fits-all federally dictated diet that led to mountains of unpalatable and tossed food.
Michelle Obama herself was quoted on a broadcast yesterday (I could not find a news item) stating that now children will go without nutrition, implying that only the state was capable of determining and giving such benefits to them. If I find it, I'll link, it's out there.
It's far-fetched of course, the product of lefty paranoia, but all the same, maybe it's worth noting that Michelle Obama has been rather .... loud ... as a cheerleader for President Trump's impeachment, which is now going on in the Senate, about a month ago doing an interview with Jenna Bush Hagar about how bad Trump is, getting her rocks off in a double-hitter with the previously hated Bushies. Remember this one?
Former first lady Michelle Obama called the impeachment of President Trump "surreal" in an interview Monday, but argued the nation can certainly come back from it. 
“It’s surreal, I think, because the last impeachment hearing, a lot of young people weren't around for that, so this is all new. I don’t think people know what to make of it,” she said in an interview with NBC’s “Today.”
“But do I think we can come back from it? Oh yeah,” Obama said.
America has seen tougher times before, she added, noting economic depressions, wars, terrorist attacks and the Jim Crow era. 
“And we’ve always come out stronger and that’s what we have to continue to believe, because what’s our choice? To ball up in a corner and call it a day? Well, that’s not fair to this generation, the next generation … that are counting on us to get this right,” Obama said. 
“It’s not an us or them, it’s not an R or a D, we are all here as part of this country,” Obama added. “We all want the same things, it’s just sometimes that gets lost in the noise.”
Obama spoke to NBC's Jenna Bush Hager, daughter of former President George W. Bush, during a trip to Vietnam, where Obama is raising awareness about educating young girls as part of her Girls Opportunity Alliance.
That's some major league politicking from her, a naked attempt to appeal to the increasingly skeptical public to turn against President Trump because what will follow will somehow be "better."
With crap like that, she deserved to learn all about the scuppering of her failed school lunch dictat at a time like her birthday. I doubt it was planned that way, but I kind of hope it was.


“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.”





NY Post: ‘Profiles in Corruption’ Reveals How the ‘Biden Five’ Made Millions Off Joe Biden Connections

(INSET: cover of the book Profiles in Corruption) NEW YORK, NEW YORK - JANUARY 07: Democratic presidential candidate, former Vice President Joe Biden delivers remarks on the Trump administration's recent actions in Iraq on January 07, 2020 in New York City. Biden criticized Trump for not having a clear policy …
Spencer Platt/Getty, HarperCollins
1:47

Five family members of former Vice President Joe Biden have scored “sweetheart deals” and “favorable access” thanks to their connection to the 2020 Democrat White House candidate, reveals the forthcoming investigative book Profiles in Corruption: Abuse of Power by America’s Progressive Elite by five-time New York Times bestselling author and Breitbart News senior contributor Peter Schweizer.
The New York Post reports:
The Biden family’s apparent self-enrichment involves no less than five family members: Joe’s son Hunter, son-in-law Howard, brothers James and Frank, and sister Valerie.
When this subject came up in 2019, Biden declared, “I never talked with my son or my brother or anyone else — even distant family — about their business interests. Period.”
As we will see, this is far from the case…
Joe Biden’s younger brother, James, has been an integral part of the family political machine from the earliest days when he served as finance chair of Joe’s 1972 Senate campaign, and the two have remained quite close. After Joe joined the U.S. Senate, he would bring his brother James along on congressional delegation trips to places like Ireland, Rome and Africa.
When Joe became vice president, James was a welcomed guest at the White House, securing invitations to such important functions as a state dinner in 2011 and the visit of Pope Francis in 2015. Sometimes, James’ White House visits dovetailed with his overseas business dealings, and his commercial opportunities flourished during his brother’s tenure as vice president.
Read the rest here.

Rich in US and UK live nearly ten more healthy years than the poor
Data has proven that the rich have a longer life expectancy than the poor in the US and UK. Now a new study shows that wealthy men and women generally have eight to nine more years of “disability free” life after age 50 than the poorest American and English adults.
The findings were published Wednesday in the Journals of Gerontology: Series A. Researchers sought answers to two main questions: What role do sociological factors play in how long people live healthy lives? And do English adults remain disability-free longer than American adults?
Disability-free life expectancy estimates according to social class and age, men and women in England and the United States (2002–2013). Credit: The Journals of Gerontology: Series A
Researchers from University College London, Harvard University and institutions in three other countries utilized two already existing data sets—one in the US, one in the UK—of more than 25,000 people over age 50. While life expectancy is a useful tool for measuring health, health experts increasingly recognize that the quality of life of later years is equally crucial.
The two sets of data on aging were from the Gateway to Global Aging Data, which included 14,803 men and women aged 50-plus from the US Health and Retirement Study (HRS), and the English Longitudinal Study of Ageing (ELSA), which including 10,754 English individuals aged 50-plus. HRS began in 1991; ELSA began in 2002/2003.
To maximize comparability of the two studies, other data was used from the Gateway to Global Aging Data from 2002/2003 to 2012/2013. Due to the makeup of the data sets, the findings apply only to individuals who identify as white, although the study authors estimate that the outcomes would be similar for non-white ethnicities as a sample that included these groups showed.
The new research divided individuals into three equal groups according to household wealth: poorest, middle and richest—household wealth was defined as the sum of net financial wealth and net housing wealth, less all debts.
They were also assigned one of three levels in the following categories:
* Educational attainment: (low) less than high school; (medium) high school graduate and some college; (high) college degree or more
* Occupational social class: (low) routine, manual, elementary occupations; (intermediate) administrative, secretarial, personal services, sales; (high) managers, professionals, technical
Health expectancy, or quality of life, was measured according to the presence of disability. These disabilities include difficulty in performing daily personal care, preparing a hot meal, shopping for groceries, making phone calls, taking medications, managing money, and other routine tasks.
Research showed that the absolute difference in disability life expectancy—healthy living vs. poor quality of life—was largest for wealth in England and for wealth and education in the United States. In other words, in both countries the most economically advantaged groups could expect to live longer without disability than the most disadvantaged groups (see graphs).
The delivery of health care is different in the United States and England. In England, healthcare is publicly funded through the UK’s National Health Service (NHS), although there have been deep attacks on the health system through privatization. Service through the NHS has been plagued by budget cuts, understaffing and privatization. There have been numerous cases of patients dying while waiting for emergency care.
According to NHS England, the health service recently missed all targets for Accident and Emergency (A&E) care, operations and cancer treatment. Cuts, underfunding and understaffing are reaping a terrible human cost, with many needlessly dying or suffering life-threatening diseases and illnesses that could have been contained if acted upon earlier. The Conservative government of prime minister Boris Johnson threatens even bigger attacks on the NHS, with the ultimate aim of complete privatization. Labour has done nothing to fight this assault.
In the US, health coverage is provided through private health insurance for many working-age adults and their families, and through publicly funded health care for the poor (Medicaid) and for those 65 and older and the disabled (Medicare). Currently an estimated 13.7 percent of the US population is uninsured.
The Affordable Care Act, signed into law by Democratic President Obama in 2010, lowered the uninsured rate somewhat. However, the legislation known as Obamacare was not a public program. It required individuals without insurance to purchase health coverage from private insurers under threat of a tax penalty.
Those buying in were subject to skyrocketing premiums and deductibles. Under the Trump administration, the uninsured rate has begun to rise. It is now clear that Obamacare was part of a deliberate drive by the ruling class to lower the life expectancy of working people.
The “Medicare for All” plans advanced by Democratic presidential candidates Elizabeth Warren and Bernie Sanders are not the solution to this healthcare and quality of life crisis. They constitute a fraud which the two senators know will never be implemented because the private insurance companies and pharmaceutical industry will not allow their own expropriation.
The bottom line is that despite the differences between the US and UK in health care delivery, it is the working class that is subject to inadequate medical care. In many cases this care is either substandard and of poor quality or nonexistent altogether. On the other hand, the rich in both countries are able obtain the finest-quality private medical care that money can buy.
This stark disparity is shown in the current study findings. At the age of 50, men and women in the lowest social class group compared to those in the highest group could expect to live five fewer years free from disability in both the US and England. These disparities between rich and poor lead not only to added years of disability and suffering, but to premature deaths.
Overall life expectancy in the US fell from 2014 to 2017, a streak unprecedented among advanced economies in the modern era. US life expectancy peaked in 2014 at 78.9 years; by 2017, life expectancy had fallen to 78.6 years. In the UK, life expectancy has leveled off during this same period, and stands at about 80.9 years. The drop in life expectancy in the US and the stagnation in the UK are indicative of societies in deep distress.

High-quality, free medical care is a fundamental social right, but genuinely socialized medicine does not currently exist in any country on the planet. The fight for socialized medicine stands at the center of a socialist program, which must be fought for by the international working class armed with an internationalist and socialist perspective.


OBAMAnomics:

Billionaire Class Enjoys 15X the Wage Growth of American Working Class


The billionaire class — the country’s top 0.01 percent of earners — have enjoyed more than 15 times as much wage growth as America’s working and middle class since 1979, new wage data reveals.

Between 1979 and 2017, the wages of the bottom 90 percent — the country’s working and lower middle class — have grown by only about 22 percent, Economic Policy Institute (EPI) researchers find.
Compare that small wage increase over nearly four decades to the booming wage growth of America’s top one percent, who have seen their wages grow more than 155 percent during the same period.
The top 0.01 percent — the country’s billionaire class — saw their wages grow by more than 343 percent in the last four decades, more than 15 times the wage growth of the bottom 90 percent of Americans.
In 1979, America’s working class was earning on average about $29,600 a year. Fast forward to 2017, and the same bottom 90 percent of Americans are earning only about $6,600 more annually.
The almost four decades of wage stagnation among the country’s working and middle class comes as the national immigration policy has allowed for the admission of more than 1.5 million mostly low-skilled immigrants every year.
(Public Citizen)
In the last decade, alone, the U.S. admitted ten million legal immigrants, forcing American workers to compete against a growing population of low-wage workers. Meanwhile, employers are able to reduce wages and drive up their profit margins thanks to the annual low-skilled immigration scheme.
The Washington, DC-imposed mass immigration policy is a boon to corporate executives, Wall Street, big business, and multinational conglomerates as every one percent increase in the immigrant composition of an occupation’s labor force reduces Americans’ hourly wages by 0.4 percent. Every one percent increase in the immigrant workforce reduces Americans’ overall wages by 0.8 percent.
Mass immigration has come at the expense of America’s working and middle class, which has suffered from poor job growth, stagnant wages, and increased public costs to offset the importation of millions of low-skilled foreign nationals.
Four million young Americans enter the workforce every year, but their job opportunities are further diminished as the U.S. imports roughly two new foreign workers for every four American workers who enter the workforce. Even though researchers say 30 percent of the workforce could lose their jobs due to automation by 2030, the U.S. has not stopped importing more than a million foreign nationals every year.
For blue-collar American workers, mass immigration has not only kept wages down but in many cases decreased wages, as Breitbart News reported. Meanwhile, the U.S. continues importing more foreign nationals with whom working-class Americans are forced to compete. In 2016, the U.S. brought in about 1.8 million mostly low-skilled immigrants.
John Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder.

 

Study: Elite Zip Codes Thrived in Obama Recovery, Rural America Left Behind


4:49

Wealthy cities and elite zip codes thrived under the slow-moving economic recovery of President Obama while rural American communities were left behind, a study reveals.

The Economic Innovation Group research, highlighted by Axios, details the massive economic inequality between the country’s coastal city elites and middle America’s working class between the Great Recession in 2007 and Obama’s economic recovery in 2016.
Between 2007 and 2016, the number of residents living in elite zip codes grew by more than ten million, with an overwhelming faction of that population growth being driven by mass immigration where the U.S. imports more than 1.5 million illegal and legal immigrants annually.
The booming 44.5 million immigrant populations are concentrated mostly in the country’s major cities like Los Angeles, California, Miami Florida, and New York City, New York. The rapidly growing U.S. population — driven by immigration — is set to hit 404 millionby 2060, a boon for real estate developers, wealthy investors, and corporations, all of which benefit greatly from dense populations and a flooded labor market.
The economic study found that while the population grew in wealthy cities, America’s rural population fell by nearly 3.5 million residents.
Likewise, by 2016, elite zip codes had a surplus of 3.6 million jobs, which is more than the combined bottom 80 percent of American zip codes. While it only took about five years for wealthy cities to replace the jobs lost by the recession, it took “at risk” regions of the country a decade to recover, and “distressed” U.S. communities are “unlikely ever to recover on current trendlines,” the report predicts.
A map included in the research shows how rich, coastal metropolises have boomed economically while entire portions of middle America have been left behind as job and business gains remain concentrated at the top of the income ladder.
(Economic Innovation Group) 
(Economic Innovation Group)
Economic growth among the country’s middle-class counties and middle-class zip codes has considerably trailed national economic growth, the study found.
For example, between 2012 and 2016, there were 4.4 percent more business establishments in the country as a whole. That growth was less than two percent in the median zip code and there was close to no growth in the median county.
The same can be said of employment growth, where U.S. employment grew by about 9.3 percent from 2012 to 2016. In the median zip code, though, employment grew by only 5.5 percent and in the median county, employment grew by less than four percent.
“Nearly three in every five large counties added businesses on net over the period, compared to only one in every five small one,” the report concluded.
Elite zip codes added more business establishments during Obama’s economic recovery, between 2012 and 2016, than the entire bottom 80 percent of zip codes combined. For instance, while more than 180,000 businesses have been added to rich zip codes, the country’s bottom tier has lost more than 13,000 businesses even after the economic recovery.
(Economic Innovation Group) 
(Economic Innovation Group)
The gutting of the American manufacturing base, through free trade, has been a driving catalyst for the collapse of the white working class and black Americans. Simultaneously, the outsourcing of the economy has brought major wealth to corporations, tech conglomerates, and Wall Street.
The dramatic decline of U.S. manufacturing at the hands of free trade—where more than 3.4 million American jobs have been lost solely due to free trade with China, not including the American jobs lost due to agreements like the North American Free Trade Agreement (NAFTA) and the United States-Korea Free Trade Agreement (KORUS)—has coincided with growing wage inequality for white and black Americans, a growing number of single mother households,  a drop in U.S. marriage rates, a general stagnation of working and middle class wages, and specifically, increased black American unemployment.
“So, the loss of manufacturing work since 1960 represents a steady decline in relatively high-paying jobs for less-educated workers,” recent research from economist Eric D. Gould has noted.
Fast-forward to the modern economy and the wage trend has been the opposite of what it was during the peak of manufacturing in the U.S. An Economic Policy Institute studyfound this year that been 2009 and 2015, the top one percent of American families earned about 26 times as much income as the bottom 99 percent of Americans.
John Binder is a reporter for Breitbart News. Follow him on Twitter at @JxhnBinder

 

 

 

Record high income in 2017 for top one percent of wage earners in US

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.




THE STAGGERING ECONOMIC INEQUALITY UNDER OBAMA'S ADMINISTRATION SERVING THE BILLIONAIRE CLASS.

THE ENTIRE REASON BEHIND AMNESTY IS TO KEEP WAGES DEPRESSED AND PASS ALONG THE REAL COST OF "CHEAP" MEXICAN LABOR TO THE AMERICAN MIDDLE CLASS.

AND IT'S WORKING!


SEN. BERNIE SANDERS

“Calling income and wealth inequality the "great moral issue of our time," Sanders laid out a sweeping, almost unimaginably expensive program to transfer wealth from the richest Americans to the poor and middle class. A $1 trillion public works program to create "13 million good-paying jobs." A $15-an-hour federal minimum wage. "Pay equity" for women. Paid sick leave and vacation for everyone. Higher taxes on the wealthy. Free tuition at all public colleges and universities. A Medicare-for-all single-payer health care system. Expanded Social Security benefits. Universal pre-K.” WASHINGTON EXAMINER

YOU THOUGHT OBAMA INVITED OBAMANOMICS and started the assault on the American middle-class?
NOPE!

“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.”


Clinton Foundation Put On Watch List Of Suspicious ‘Charities’






OBAMA: SERVANT OF THE 1%


Richest one percent controls nearly half of global wealth


The richest one percent of the world’s population now controls 48.2 percent of global wealth, up from 46 percent last year.



The report found that the growth of global inequality has accelerated sharply since the 2008 financial crisis, as the values of financial assets have soared while wages have stagnated and declined.

Millionaires projected to own 46 percent of global private wealth by 2019

Households with more than a million (US) dollars in private wealth are projected to own 46 percent of global private wealth in 2019 according to a new report by the Boston Consulting Group (BCG).

This large percentage, however, only includes cash, savings, money market funds and listed securities held through managed investments—collectively known as “private wealth.” It leaves out businesses, residences and luxury goods, which comprise a substantial portion of the rich’s net worth.

At the end of 2014, millionaire households owned about 41 percent of global private wealth, according to BCG. This means that collectively these 17 million households owned roughly $67.24 trillion in liquid assets, or about $4 million per household.

In total, the world added $17.5 trillion of new private wealth between 2013 and 2014. The report notes that nearly three quarters of all these gains came from previously existing wealth. In other words, the vast majority of money gained has been due to pre-existing assets increasing in value—not the creation of new material things.

This trend is the result of the massive infusions of cheap credit into the financial markets by central banks. The policy of “quantitative easing” has led to a dramatic expansion of the stock market even while global economic growth has slumped.

While the wealth of the rich is growing at a breakneck pace, there is a stratification of growth within the super wealthy, skewed towards the very top.

In 2014, those with over $100 million in private wealth saw their wealth increase 11 percent in one year alone. Collectively, these households owned $10 trillion in 2014, 6 percent of the world’s private wealth. According to the report, “This top segment is expected to be the fastest growing, in both the number of households and total wealth.” They are expected to see 12 percent compound growth on their wealth in the next five years.

Those families with wealth between $20 and $100 million also rose substantially in 2014—seeing a 34 percent increase in their wealth in twelve short months. They now own $9 trillion. In five years they will surpass $14 trillion according to the report.

Coming in last in the “high net worth” population are those with between $1 million and $20 million in private wealth. These households are expected to see their wealth grow by 7.2 percent each year, going from $49 trillion to $70.1 trillion dollars, several percentage points below the highest bracket’s 12 percent growth rate.

The gains in private wealth of the ultra-rich stand in sharp contrast to the experience of billions of people around the globe. While wealth accumulation has sharply sped up for the ultra-wealthy, the vast majority of people have not even begun to recover from the past recession.

An Oxfam report from January, for example, shows that the bottom 99 percent of the world’s population went from having about 56 percent of the world’s wealth in 2010 to having 52 percent of it in 2014. Meanwhile the top 1 percent saw its wealth rise from 44 to 48 percent of the world’s wealth.
In 2014 the Russell Sage Foundation found that between 2003 and 2013, the median household net worth of those in the United States fell from $87,992 to $56,335—a drop of 36 percent. While the rich also saw their wealth drop during the recession, they are more than making that money back. Between 2009 and 2012, 95 percent of all the income gains in the US went to the top 1 percent. This is the most distorted post-recession income gain on record.

As the Organization for Economic Co-operation and Development (OECD) has noted, in the United States “between 2007 and 2013, net wealth fell on average 2.3 percent, but it fell ten-times more (26 percent) for those at the bottom 20 percent of the distribution.” The 2015 report concludes that “low-income households have not benefited at all from income growth.”

Another report by Knight Frank, looks at those with wealth exceeding $30 million. The report notes that in 2014 these 172,850 ultra-high-net-worth individuals increased their collective wealth by $700 billion. Their total wealth now rests at $20.8 trillion.

The report also draws attention to the disconnection between the rich and the actual economy. It states that the growth of this ultra-wealthy population “came despite weaker-than-anticipated global economic growth. During 2014 the IMF was forced to downgrade its forecast increase for world output from 3.7 percent to 3.3 percent.”


DICK MORRIS:

On America’s First Family of Crime….. NO! Not the Bushes again!

Clinton global hucksterism – Selling out America like they sold out the Lincoln Bedroom.



HILLARY CLINTON: CRONY CLASS’  “Hope and Change” huckster’s successor!

“I serve Obama’s cronies first, illegals second and together we will loot the American middle-class to double our figures. It’s called BAILOUTS! Evita Peron Clinton



At this point, Clinton is the choice of most multimillionaires to be the next occupant of the White House. A recent CNBC poll of 750 millionaires found 53 percent support for Clinton in a contest with Republican Jeb Bush, 14 points better than Obama’s showing in the 2012 election with the same group.


Sen. Bernie Sanders – America’s answer to Wall Street’s looting, the war on the American middle-class and jobs for legals!



“At this point, Clinton is the choice of most multimillionaires to be the next occupant of the White House. A recent CNBC poll of 750 millionaires found 53 percent support for Clinton in a contest with Republican Jeb Bush, 14 points better than Obama’s showing in the 2012 election with the same group.”

THE CRONY CLASS:

OBAMACLINTONOMICS was created by BILLARY CLINTON!

Income inequality grows FOUR TIMES FASTER under Obama than Bush.



“By the time of Bill Clinton’s election in 1992, the Democratic Party had completely repudiated its association with the reforms of the New Deal and Great Society periods. Clinton gutted welfare programs to provide an ample supply of cheap labor for the rich (WHICH NOW MEANS OPEN BORDERS AND NO E-VERIFY!), including a growing layer of black capitalists, and passed the 1994 Federal Crime Bill, with its notorious “three strikes” provision that has helped create the largest prison population in the world.”


“Calling income and wealth inequality the "great moral issue of our time," Sanders laid out a sweeping, almost unimaginably expensive program to transfer wealth from the richest Americans to the poor and middle class. A $1 trillion public works program to create "13 million good-paying jobs." A $15-an-hour federal minimum wage. "Pay equity" for women. Paid sick leave and vacation for everyone. Higher taxes on the wealthy. Free tuition at all public colleges and universities. A Medicare-for-all single-payer health care system. Expanded Social Security benefits. Universal pre-K.” WASHINGTON EXAMINER


OBAMA’S WALL STREET and the LOOTING of AMERICA – SECOND TERM

The corporate cash hoard has likewise reached a new record, hitting an estimated $1.79 trillion in the fourth quarter of last year, up from $1.77 trillion in the previous quarter. Instead of investing the money, however, companies are using it to buy back their own stock and pay out record dividends.

Megan McArdle Discusses How America's Elites Are Rigging the Rules - Newsweek/The Daily Beast special correspondent Megan McArdle joins Scott Rasmussen for a discussion on America's new Mandarin class.




PATRICK BUCHANAN: OBAMA’S ASSAULT  ON AMERICA BEGINS AT OUR BORDERS


WHO REALLY PAYS FOR THE CRIMES OF OBAMA’S CRONY DONORS???
LAST WEEK BARACK OBAMA CELEBRATED FIVE YEARS OF THE LOOTING BY HIS WALL STREET BANKSTERS… now it’s back to cutting social programs to pay for all that rape by the 1% he represents. The following week it will be back to the AMNESTY HOAX to legalize Mexico’s looting of America and make it legal that Mexicans get our jobs first… they already do!
As in previous budget crises under the Obama administration, the events are being stage-managed by the two corporate-controlled parties to give the illusion of partisan gridlock and confrontation over principles—in this case, whether to go forward with the implementation of the Obama health care program—while behind the scenes all factions within the ruling elite agree that massive cuts must be carried through in basic federal social programs.

OBAMA’S CRONY CAPITALISM – A NATION RULED BY CRIMINAL WALL STREET BANKSTERS AND OBAMA DONORS

GET THIS BOOK
Culture of Corruption: Obama and His Team of Tax Cheats, Crooks, and Cronies
by Michelle Malkin
In her shocking new book, Malkin digs deep into the records of President Obama's staff, revealing corrupt dealings, questionable pasts, and abuses of power throughout his administration.

PATRICK BUCHANAN 
After Obama has completely destroyed the American economy, handed millions of jobs to illegals and billions of dollars in welfare to illegals…. BUT WHAT COMES NEXT?


OBAMANOMICS: IS IT WORKING???

Millionaires projected to own 46 percent of global private wealth by 2019

By Gabriel Black
18 June 2015
Households with more than a million (US) dollars in private wealth are projected to own 46 percent of global private wealth in 2019 according to a new report by the Boston Consulting Group (BCG).
This large percentage, however, only includes cash, savings, money market funds and listed securities held through managed investments—collectively known as “private wealth.” It leaves out businesses, residences and luxury goods, which comprise a substantial portion of the rich’s net worth.

At the end of 2014, millionaire households owned about 41 percent of global private wealth, according to BCG. This means that collectively these 17 million households owned roughly $67.24 trillion in liquid assets, or about $4 million per household.

In total, the world added $17.5 trillion of new private wealth between 2013 and 2014. The report notes that nearly three quarters of all these gains came from previously existing wealth. In other words, the vast majority of money gained has been due to pre-existing assets increasing in value—not the creation of new material things.

This trend is the result of the massive infusions of cheap credit into the financial markets by central banks. The policy of “quantitative easing” has led to a dramatic expansion of the stock market even while global economic growth has slumped.

While the wealth of the rich is growing at a breakneck pace, there is a stratification of growth within the super wealthy, skewed towards the very top.

In 2014, those with over $100 million in private wealth saw their wealth increase 11 percent in one year alone. Collectively, these households owned $10 trillion in 2014, 6 percent of the world’s private wealth. According to the report, “This top segment is expected to be the fastest growing, in both the number of households and total wealth.” They are expected to see 12 percent compound growth on their wealth in the next five years.

Those families with wealth between $20 and $100 million also rose substantially in 2014—seeing a 34 percent increase in their wealth in twelve short months. They now own $9 trillion. In five years they will surpass $14 trillion according to the report.

Coming in last in the “high net worth” population are those with between $1 million and $20 million in private wealth. These households are expected to see their wealth grow by 7.2 percent each year, going from $49 trillion to $70.1 trillion dollars, several percentage points below the highest bracket’s 12 percent growth rate.

The gains in private wealth of the ultra-rich stand in sharp contrast to the experience of billions of people around the globe. While wealth accumulation has sharply sped up for the ultra-wealthy, the vast majority of people have not even begun to recover from the past recession.

An Oxfam report from January, for example, shows that the bottom 99 percent of the world’s population went from having about 56 percent of the world’s wealth in 2010 to having 52 percent of it in 2014. Meanwhile the top 1 percent saw its wealth rise from 44 to 48 percent of the world’s wealth.

In 2014 the Russell Sage Foundation found that between 2003 and 2013, the median household net worth of those in the United States fell from $87,992 to $56,335—a drop of 36 percent. While the rich also saw their wealth drop during the recession, they are more than making that money back. Between 2009 and 2012, 95 percent of all the income gains in the US went to the top 1 percent. This is the most distorted post-recession income gain on record.

As the Organization for Economic Co-operation and Development (OECD) has noted, in the United States “between 2007 and 2013, net wealth fell on average 2.3 percent, but it fell ten-times more (26 percent) for those at the bottom 20 percent of the distribution.” The 2015 report concludes that “low-income households have not benefited at all from income growth.”

Another report by Knight Frank, looks at those with wealth exceeding $30 million. The report notes that in 2014 these 172,850 ultra-high-net-worth individuals increased their collective wealth by $700 billion. Their total wealth now rests at $20.8 trillion.

The report also draws attention to the disconnection between the rich and the actual economy. It states that the growth of this ultra-wealthy population “came despite weaker-than-anticipated global economic growth. During 2014 the IMF was forced to downgrade its forecast increase for world output from 3.7 percent to 3.3 percent.”

THE CRONY CLASS:

OBAMACLINTONOMICS was created by BILLARY CLINTON!

Income inequality grows FOUR TIMES FASTER under Obama than Bush.


“By the time of Bill Clinton’s election in 1992, the Democratic Party had completely repudiated its association with the reforms of the New Deal and Great Society periods. Clinton gutted welfare programs to provide an ample supply of cheap labor for the rich (WHICH NOW MEANS OPEN BORDERS AND NO E-VERIFY!), including a growing layer of black capitalists, and passed the 1994 Federal Crime Bill, with its notorious “three strikes” provision that has helped create the largest prison population in the world.”

*

“Calling income and wealth inequality the "great moral issue of our time," Sanders laid out a sweeping, almost unimaginably expensive program to transfer wealth from the richest Americans to the poor and middle class. A $1 trillion public works program to create "13 million good-paying jobs." A $15-an-hour federal minimum wage. "Pay equity" for women. Paid sick leave and vacation for everyone. Higher taxes on the wealthy. Free tuition at all public colleges and universities. A Medicare-for-all single-payer health care system. Expanded Social Security benefits. Universal pre-K.” WASHINGTON EXAMINER

OBAMA’S WALL STREET and the LOOTING of AMERICA – SECOND TERM

The corporate cash hoard has likewise reached a new record, hitting an estimated $1.79 trillion in the fourth quarter of last year, up from $1.77 trillion in the previous quarter. Instead of investing the money, however, companies are using it to buy back their own stock and pay out record dividends.

Megan McArdle Discusses How America's Elites Are Rigging the Rules - Newsweek/The Daily Beast special correspondent Megan McArdle joins Scott Rasmussen for a discussion on America's new Mandarin class.





POLL: MOST INCOMPETENT AND DISHONEST PRESIDENT SINCE…. Well, isn’t Obama merely Bush’s THIRD and FOURTH TERMS??




OBAMA’S CRONY CAPITALISM

A NATION RULED BY CRIMINAL WALL STREET BANKSTERS AND OBAMA DONORS



PATRICK BUCHANAN

After Obama has completely destroyed the American economy, handed millions of jobs to illegals and billions of dollars in welfare to illegals…. BUT WHAT COMES NEXT?





OBAMANOMICS: IS IT WORKING???

Millionaires projected to own 46 percent of global private wealth by 2019

By Gabriel Black
18 June 2015
Households with more than a million (US) dollars in private wealth are projected to own 46 percent of global private wealth in 2019 according to a new report by the Boston Consulting Group (BCG).
This large percentage, however, only includes cash, savings, money market funds and listed securities held through managed investments—collectively known as “private wealth.” It leaves out businesses, residences and luxury goods, which comprise a substantial portion of the rich’s net worth.

At the end of 2014, millionaire households owned about 41 percent of global private wealth, according to BCG. This means that collectively these 17 million households owned roughly $67.24 trillion in liquid assets, or about $4 million per household.

In total, the world added $17.5 trillion of new private wealth between 2013 and 2014. The report notes that nearly three quarters of all these gains came from previously existing wealth. In other words, the vast majority of money gained has been due to pre-existing assets increasing in value—not the creation of new material things.

This trend is the result of the massive infusions of cheap credit into the financial markets by central banks. The policy of “quantitative easing” has led to a dramatic expansion of the stock market even while global economic growth has slumped.

While the wealth of the rich is growing at a breakneck pace, there is a stratification of growth within the super wealthy, skewed towards the very top.

In 2014, those with over $100 million in private wealth saw their wealth increase 11 percent in one year alone. Collectively, these households owned $10 trillion in 2014, 6 percent of the world’s private wealth. According to the report, “This top segment is expected to be the fastest growing, in both the number of households and total wealth.” They are expected to see 12 percent compound growth on their wealth in the next five years.

Those families with wealth between $20 and $100 million also rose substantially in 2014—seeing a 34 percent increase in their wealth in twelve short months. They now own $9 trillion. In five years they will surpass $14 trillion according to the report.

Coming in last in the “high net worth” population are those with between $1 million and $20 million in private wealth. These households are expected to see their wealth grow by 7.2 percent each year, going from $49 trillion to $70.1 trillion dollars, several percentage points below the highest bracket’s 12 percent growth rate.

The gains in private wealth of the ultra-rich stand in sharp contrast to the experience of billions of people around the globe. While wealth accumulation has sharply sped up for the ultra-wealthy, the vast majority of people have not even begun to recover from the past recession.

An Oxfam report from January, for example, shows that the bottom 99 percent of the world’s population went from having about 56 percent of the world’s wealth in 2010 to having 52 percent of it in 2014. Meanwhile the top 1 percent saw its wealth rise from 44 to 48 percent of the world’s wealth.

In 2014 the Russell Sage Foundation found that between 2003 and 2013, the median household net worth of those in the United States fell from $87,992 to $56,335—a drop of 36 percent. While the rich also saw their wealth drop during the recession, they are more than making that money back. Between 2009 and 2012, 95 percent of all the income gains in the US went to the top 1 percent. This is the most distorted post-recession income gain on record.

As the Organization for Economic Co-operation and Development (OECD) has noted, in the United States “between 2007 and 2013, net wealth fell on average 2.3 percent, but it fell ten-times more (26 percent) for those at the bottom 20 percent of the distribution.” The 2015 report concludes that “low-income households have not benefited at all from income growth.”

Another report by Knight Frank, looks at those with wealth exceeding $30 million. The report notes that in 2014 these 172,850 ultra-high-net-worth individuals increased their collective wealth by $700 billion. Their total wealth now rests at $20.8 trillion.

The report also draws attention to the disconnection between the rich and the actual economy. It states that the growth of this ultra-wealthy population “came despite weaker-than-anticipated global economic growth. During 2014 the IMF was forced to downgrade its forecast increase for world output from 3.7 percent to 3.3 percent.”


OBAMA-CLINTONomics: the never end war on the American middle-class. But we still get the tax bills for the looting of their Wall Street cronies and their bailouts and billions for Mexico’s welfare state in our borders.

While the wealth of the rich is growing at a breakneck pace, there is a stratification of growth within the super wealthy, skewed towards the very top.

                                                                                                     




In 2014, those with over $100 million in private wealth saw their wealth increase 11 percent in one year alone. Collectively, these households owned $10 trillion in 2014, 6 percent of the world’s private wealth. According to the report, “This top segment is expected to be the fastest growing, in both the number of households and total wealth.” They are expected to see 12 percent compound growth on their wealth in the next five years.


In 2014 the Russell Sage Foundation found that between
2003 and 2013, the median household net worth of those in
the United States fell from $87,992 to $56,335—a drop of 36
percent. While the rich also saw their wealth drop during the
recession, they are more than making that money back.
Between 2009 and 2012, 95 percent of all the income gains in
the US went to the top 1 percent. This is the most distorted
post-recession income gain on record.





INCOME PLUMMETS UNDER OBAMA AND HIS WALL STREET CRONIES

collapse of household income in the US… STILL BILLIONS IN WELFARE HANDED TO ILLEGALS… they already get our jobs and are voting for more!


INCOME PLUMMETS UNDER OBAMA… most jobs go to illegals.

AS HIS CRONY BANKSTERS CONTINUE TO LOOT, INCOMES PLUMMET FOR AMERICANS (LEGALS).

GOOD TIME FOR AMNESTY FOR MILLIONS OF LOOTING MEXICANS?

MORE HERE:

http://mexicanoccupation.blogspot.com/2014/09/and-still-democrat-party-wants-millions.html

“The yearly income of a typical US household dropped by a massive 12 percent, or $6,400, in the six years between 2007 and 2013. This is just one of the findings of the 2013 Federal Reserve Survey of Consumer Finances released Thursday, which documents a sharp decline in working class living standards and a further concentration of wealth in the hands of the rich and the super-rich.”
  
"During the month, some 432,000 people in the US gave up looking for a job." EVEN AS JEB BUSH, HILLARY CLINTON and BERNIE SANDERS PREACH AMNESTY! AMNESTY! AMNESTY!
"The American phenomenon of record stock values fueling an ever greater concentration of wealth at the very top of society, while the economy is starved of productive investment, the social infrastructure crumbles, and working class living standards are driven down by entrenched unemployment, wage-cutting and government austerity policies, is part of a broader global process."
HILLARY CLINTON'S BIGGEST DONORS ARE OBAMA'S CRIMINAL CRONY 
BANKSTERS!
"A defining expression of this crisis is the dominance of financial speculation and parasitism, to the point where a narrow international financial aristocracy plunders society’s resources in order to further enrich itself."
Federal Reserve documents stagnant state of US economy

Federal Reserve documents stagnant state of US economy

By Barry Grey
21 July 2015
The US Federal Reserve Board last week released its semiannual Monetary Policy Report to Congress, providing an assessment of the state of the American economy and outlining the central bank’s monetary policy going forward. The report, along with Fed Chair Janet Yellen’s testimony before both the House of Representatives and the Senate, as well as a speech by Yellen the previous week in Cleveland, present a grim picture of the reality behind the official talk of economic “recovery.”
In her prepared remarks to Congress last Wednesday and Thursday, Yellen said, “Looking forward, prospects are favorable for further improvement in the US labor market and the economy more broadly.”

She reiterated her assurances that while the Fed would likely begin to raise its benchmark federal funds interest rate later this year from the 0.0 to 0.25 percent level it has maintained since shortly after the 2008 financial crash, it would do so only slowly and gradually, keeping short-term rates well below historically normal levels for an indefinite period.
This was an expected, but nevertheless welcome, signal to the American financial elite, which has enjoyed a spectacular rise in corporate profits, stock values and personal wealth since 2009 thanks to the flood of virtually free money provided by the Fed.

"But as Yellen’s remarks and the Fed report indicate, the explosion of asset values and wealth accumulation at the very top of the economic ladder has occurred alongside an intractable and continuing slump in the real economy."
In her prepared testimony to the House Financial Services Committee and the Senate Banking Committee, Yellen noted the following features of the performance of the US economy over the first six months of 2015:
* A sharp decline in the rate of economic growth as compared to 2014, including an actual contraction in the first quarter of the year.
* A substantial slackening (19 percent) in average monthly job-creation, from 260,000 last year to 210,000 thus far in 2015.
* Declines in domestic spending and industrial production.
In her July 10 speech to the City Club of Cleveland, Yellen cited an even longer list of negative indices, including:
* Growth in real gross domestic product (GDP) since the official beginning of the recovery in June, 2009 has averaged a mere 2.25 percent per year, a full one percentage point less than the average rate over the 25 years preceding what Yellen called the “Great Recession.”
* While manufacturing employment nationwide has increased by about 850,000 since the end of 2009, there are still almost 1.5 million fewer manufacturing jobs than just before the recession.
* Real GDP and industrial production both declined in the first quarter of this year. Industrial production continued to fall in April and May.
* Residential construction (despite extremely low mortgage rates by historical standards) has remained “quote soft.”
* Productivity growth has been “weak,” largely because “Business owners and managers… have not substantially increased their capital expenditures,” and “Businesses are holding large amounts of cash on their balance sheets.”
* Reflecting the general stagnation and even slump in the real economy, core inflation rose by only 1.2 percent over the past 12 months.
The Monetary Policy Report issued by the Fed includes facts that are, if anything, even more alarming, including:
* “Labor productivity in the business sector is reported to have declined in both the fourth quarter of 2014 and the first quarter of 2015.”
* “Exports fell markedly in the first quarter, held back by lackluster growth abroad.”
* “Overall construction activity remains well below its pre-recession levels.”
* “Since the recession began, the gains in… nominal compensation [workers’ wages and benefits] have fallen well short of their pre-recession averages, and growth of real compensation has fallen short of productivity growth over much of this period.”
* “Overall business investment has turned down as investment in the energy sector has plunged. Business investment fell at an annual rate of 2 percent in first quarter… Business outlays for structures outside of the energy sector also declined in the first quarter…”

The report incorporates the Fed’s projections for US economic growth, published following the June meeting of the central bank’s policy-setting Federal Open Market Committee. They include a downward revision of the projection for 2015 to 1.8 percent-2.0 percent from the March projection of 2.3 percent to 2.7 percent.

That the US economy continues to stagnate and even contract is indicated by two surveys released last week while Yellen was testifying before Congress. The Fed reported that factory production failed to increase in June for the second straight month and output in the auto sector fell 3.7 percent. The Commerce Department reported that retail sales unexpectedly fell in June, declining by 0.3 percent.
These statistics follow the employment report for June, which showed that the share of the US working-age population either employed or actively looking for work, known as the labor force participation rate, fell to 62.6 percent, its lowest level in 38 years.
 During the month, some 432,000 people in the US gave up looking for a job.

The disastrous figures on business investment are perhaps the most telling indicators of the underlying crisis of the capitalist system. The Fed report attributes the sharp decline so far this year primarily to the dramatic fall in oil prices and resulting contraction in investment and construction in the energy sector. But the plunge in oil prices is itself a symptom of a general slowdown in the world economy.
Moreover, a dramatic decline in productive investment is common to all of the major industrialized economies of Europe and North America. In its World Economic Outlook of last April, the International Monetary Fund for the first time since the 2008 financial crisis acknowledged that there was no prospect for an early return to pre-recession levels of economic growth, linking this bleak prognosis to a general and pronounced decline in productive investment.
The American phenomenon of record stock values fueling an ever greater concentration of wealth at the very top of society, while the economy is starved of productive investment, the social infrastructure crumbles, and working class living standards are driven down by entrenched unemployment, wage-cutting and government austerity policies, is part of a broader global process.
The economic crisis in the US and internationally is not simply a conjunctural downturn. It is a systemic crisis of global capitalism, centered in the US. 
A defining expression of this crisis is the dominance of financial speculation and parasitism, to the point where a narrow international financial aristocracy plunders society’s resources in order to further enrich itself.

While the economy is starved of productive investment, entirely parasitic and socially destructive activities such as stock buybacks, dividend hikes and mergers and acquisitions return to pre-crash levels and head for new heights. US corporations have spent more on stock buybacks so far this year than on factories and equipment.
The intractable nature of this crisis, within the framework of capitalism, is underscored by the IMF’s updated World Economic Outlook, released earlier this month, which projects that 2015 will be the worst year for economic growth since the height of the recession in 2009.



Lessons of the fight against Obama’s “school reform”—Part 1

By Nancy Hanover and Jerry White
4 January 2018
The new year will see a growth of the class struggle throughout the world and within the US, as the corporate and financial elites demand more austerity from the working class even as they wallow in levels of personal wealth not seen since the Gilded Age.
After overseeing the largest tax cut for the rich in US history, the Trump administration is gearing up to destroy longstanding social benefits, including Medicare, Medicaid and Social Security. It will make America, already the most unequal advanced economy in the world, far more unequal.
Trump’s tax legislation will have massive implications for public education. By capping state and local tax deductions for individuals, it will likely result in the loss of up to a quarter of a million public education jobs, as municipalities—which provide 90 percent of school funding—are unable to raise revenues. Governors, mayors and school district officials from both parties will announce that there is no money left to maintain quality schools, let alone decent salaries, classroom conditions and pensions.
Federally-funded education programs, including Title I, Special Education and Head Start, which provide benefits to poor or disadvantaged students, will be targeted to pay for the handouts to the wealthy and giant corporations.
On the other hand, the Trump measure provides, for the first time, the ability for wealthy families to invest in tax-free plans for private K-12 schooling, and continues the lucrative policy allowing charter schools to utilize tax-free Private Activity Bonds. These changes significantly shift the education tax structure in line with the privatization policies advocated by Trump’s education secretary Betsy DeVos.
Workers from throughout state joined in protesting Walker's cuts
A new stage of struggle is on the horizon for teachers, working-class parents and students. Past experience, however, demonstrates that spontaneous expressions of opposition are not enough. Educators need a new political strategy and organizations controlled by rank-and-file teachers and school employees themselves, to mobilize the working class to defend the right to high quality public education for all.
The period from 2007 to 2016 saw the fewest major work stoppages in the US of any decade since the Bureau of Labor Statistics began recording them in 1947. This was not the result of any complacency among workers, let alone satisfaction with the historic transfer of wealth from the bottom to the top that occurred during the Obama years.
On the contrary, it was the outcome of the deliberate policy of the AFL-CIO and other unions, which guaranteed the Obama administration “labor peace” in the aftermath of 2008 financial crash, giving the Democratic president a free hand to bail out the Wall Street banks, starve the states and school districts of funding, and restructure economic and social relations at the expense of the working class.
In order to maintain the political straitjacket of the Democratic Party over the working class and prevent any challenge from below to the financial oligarchy, the American Federation of Teachers (AFT) and the National Education Association (NEA) worked overtime to smother the opposition of teachers—above all in the suppression of the powerful strikes and mass protests that exploded in Wisconsin in 2011, Chicago in 2012 and Detroit in 2015-16.
Each of these struggles expressed, in their own way, the determination of teachers to find an independent road of struggle. Their bold actions galvanized popular support among high school students, parents and broader sections of the working class and of middle-class people. To prepare the next stage of struggle, it is necessary to draw the critical political lessons from these experiences.

Lessons of Wisconsin

The struggle of Wisconsin teachers and public-sector workers nearly seven years ago was among the most the important class battles in the US in recent years. On February 14, 2011, Republican Governor Scott Walker introduced Act 10, also known as the Wisconsin Budget Repair Bill, into the state legislature, providing for sweeping cuts to public sector workers’ pensions and health care benefits, and outlawing strikes and collective bargaining. This included a massive $1.25 billion in cuts to school aid and local government.
The response by the American Federation of State, County and Municipal Employees (AFSCME), the Wisconsin Education Association Council (WEAC) and other unions was to acquiesce to Walker’s budget-cutting demands. At the same time, the union officials organized token protests aimed solely at defending “collective bargaining.”
While workers interpreted this to mean protecting their right to fight for improved wages and conditions, the union bureaucracy had something very different in mind. As mass protests were beginning, WEAC President Mary Bell said, “This is not about protecting our pay and our benefits. It is about protecting our right to collectively bargain.” For the union apparatus “collective bargaining” means retaining their dues income and state-sanctioned “seat at the table,” where they negotiate away workers’ hard-earned wages and benefits.
Independently of the unions, high school students walked out of their classrooms to defend their teachers, who then followed with a campaign of sickouts. In a matter of days, the largest working class movement in the US since the 1980s erupted, with militant workers and young people occupying the state capitol in Madison, defying Walker’s threats to call out the National Guard, and teachers rejecting back-to-work orders by WEAC. Support was building for a general strike.
Protesters occupy the Wisconsin Capitol in Madison. Credit: Joe Rowley
The unions were thoroughly opposed to a general strike, which would quickly develop into a political clash not just with Walker but with the Democratic governors in Illinois, California, New York and other states, and with the Obama administration itself. The Democrats were carrying out similar austerity measures, albeit with the collusion of the unions. Wisconsin Democrats chastised Walker, boasting that his Democratic predecessor, Governor Jim Doyle, had imposed the deepest austerity cuts in state history, but had accomplished this without popular resistance, precisely because he worked with the unions.
The unions quickly shut down the mass movement and peddled the lie that the only means of opposing Walker was to support recall campaigns to replace the Republican governor and state senators with Democrats. In 2012, Walker defeated the Democratic challenger, Milwaukee Mayor Tom Barrett, a shill for big business in the mold of Hillary Clinton.
By demobilizing the working class, the unions paved the way for Walker to implement his reactionary program. Before Act 10 came into effect, the unions moved quickly to impose multi-year concession contracts on teachers and other state workers in a bid to maintain their position as bargaining agents.
For teachers, this has meant:
· 40 percent of school districts have moved to performance-based pay.
· Teachers are considered “free agents” and are bargained for competitively by various districts, creating chaos and “churn” of teachers, with 75 percent of school districts saying they have lost teachers because a competitor offered a better salary or benefits.
· Two-thirds of districts have cut or ended benefits for retirees.
· Class sizes have been increased and the workday has been lengthened.
· Sixty percent of districts surveyed said teachers’ average annual salary growth had either slowed (50%), stopped (8%) or reversed (3%).
· The divide between better off and poorer districts has been exacerbated. Rural schools and low-income schools are routinely losing teachers and are more likely to use inexperienced teachers or those with “emergency” credentials.


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.)”


Corruption blinders of the media and other Democrats

Most journalists and Democrats didn’t express any concerns when:
  • VP Biden threatened (promised) Ukraine that he would cut off a billion dollars in aid to them if they didn't fire the prosecutor investigating a company his son was involved with.
  • Hunter Biden got paid $50,000 a month as a board member of a corrupt Ukrainian gas company when he had no expertise on the product of the company.
  • Obama promised the very dangerous Russia and Putin that he would be flexible if he was reelected (somehow no one at FBI or elsewhere was ever concerned that Russia may have tried to influence the 2012 election to elect the flexible president.)
  • Hillary, Obama and many others violated the nation's security laws by using her non-government computer.
  • Obama gave kickbacks to union supporters when he violated the nation's bankruptcy law with the bailout of GM.
  • Obama used taxpayer dollars to reward political supporters like at Solyndra.
  • Hillary, through her family and foundation, got huge amounts of speech money and donations from foreign countries. Russia, for example, got Uranium for their generosity. (If there is any doubt about whether they were      kickbacks, that should have disappeared when the donations dried up and speech fees dropped or dried up when she no longer could return favors)
  • Obama shipped over $1 billion in taxpayer money in unmarked bills, to Iran tyrants, who still pledge death to America, to get a deal.
  • Obama dictatorially stopped a years’ long investigation into a billion dollar a year drug running ring by terrorists to appease Iranian tyrants because he was more concerned about his legacy than the safety, health and lives of the American people. 
  • Hillary and the DNC paying over $10 billion to buy a fake dossier from a foreign national to destroy Trump. It appears they didn't think they could beat him based on the truth or their policy proposals. 
  • Obama and his administration, including the FBI, Justice Department, the intelligence agencies and the State Department, using the fake dossier as a source for FISA warrants and to infiltrate the Trump campaign with informants. (they obviously didn't believe their record or policies would win the votes). Instead of the media and other Democrats caring about this pure corruption they have participated in perpetuating the lies about Russian collusion for over three years.
  • The Obama Administration, at the Justice Department, EPA and CFPB using taxpayer money for political purposes and political supporters by creating slush funds from money confiscated from businesses that they pretended would go to victims. 
If the media and Democrats want to investigate anything, how about a possible corrupt payback from Netflix to Obama? Obama gave the very wealthy Netlfix, Google and others huge financial benefits with net neutrality and Netflix gave the Obama's a huge contract even though they had no video production expertise or experience. It is similar to paying Biden's son huge amounts of money with no expertise. 
But now when President Trump may have said something to a foreign leader about investigating corruption by Biden's son, that is supposed to be an impeachable offense. Shouldn't a President want political corruption by politicians to be investigated? Shouldn't the media and other Democrats be more concerned about the corruption itself than the phone call?
From this story, it appears that the media and other Democrats believe that every phone call that Trump makes to a foreign leader should become public knowledge if any bureaucrat makes a whistle blower report when they disagree with something the president does. That would certainly be cumbersome, and foreign leaders would no longer want to have discussions if every discussion could be made public. 
Elizabeth Warren says she wants to get rid of corruption but not once have I heard her complain about the massive corruption during the Obama years or at her precious CFPB, so she really doesn't care. 
Isn't it odd that no bureaucrats seemed to care about the corruption of Obama/Biden?  It shows why we need to drain the swamp.
GRIFTER AND PHONY CHARITY FOUNDATION FRAUDSTER HILLARY CLINTON’S LONG SERVICE TO AMERICA’S MOST EVIL BANKSTERS


The judge found these releases, together with the publication of Clinton’s secret speeches to Wall Street banks, in which she pledged to be their representative, were “matters of the highest public concern.” They “allowed the American electorate to look behind the curtain of one of the two major political parties in the United States during a presidential election.”

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“Clinton also failed to mention how he and Hillary cashed in after his presidential tenure to make themselves multimillionaires, in part by taking tens of millions in speaking fees from Wall Street bankers.”

THE LOOTING OF AMERICA:

BARACK OBAMA AND HIS CRONY BANKSTERS set themselves on America’s pensions next!

 http://mexicanoccupation.blogspot.com/2015/04/obamanomics-assault-on-american-middle.html

 

The new aristocrats, like the lords of old, are not bound by the laws that apply to the lower orders. Voluminous reports have been issued by Congress and government panels documenting systematic fraud and law breaking carried out by the biggest banks both before and after the Wall Street crash of 2008.

Goldman Sachs, JPMorgan Chase, Bank of America and every other major US bank have been implicated in a web of scandals, including the sale of toxic mortgage securities on false pretenses, the rigging of international interest rates and global foreign exchange markets, the laundering of Mexican drug money, accounting fraud and lying to bank regulators, illegally foreclosing on the homes of delinquent borrowers, credit card fraud, illegal debt-collection practices, rigging of energy markets, and complicity in the Bernie Madoff Ponzi scheme.



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VIDEO:
THE FRAUDULENT CLINTON FOUNDATION EXPOSED.
PAY-TO-PLAY FROM THE FIRST DAY!


Is it a signal that she's back in the game because she's selling her president-ability to the world's global billionaire crowd and laying the groundwork for more funds?  There are all kinds of ways for foreign billionaires to get money to the U.S. without consequences, after all.  What's more, it's pretty much the biggest base of support she has, which is at least one reason why she lost the 2016 election.
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“The couple parlayed lives supposedly spent in “public service”
into admission into the upper stratosphere of American wealth, with incomes in the top 0.1 percent bracket. The source of this vast wealth was a political
machine that might well be dubbed “Clinton, Inc.” This consists essentially of
a seedy money-laundering operation to ensure big business support for the
Clintons’ political ambitions as well as their personal fortunes.
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The basic components of the operation are lavishly paid speeches to Wall Street and Fortune 500 audiences, corporate campaign contributions, and donations to the ostensibly philanthropic Clinton Foundation.”
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"But what the Clintons do is criminal because they do it wholly at the expense of the American people. And they feel thoroughly entitled to do it: gain power, use it to enrich themselves and their friends. They are amoral, immoral, and venal. Hillary has no core beliefs beyond power and money. That should be clear to every person on the planet by now."  ----  Patricia McCarthy - AMERICANTHINKER.com
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THE DEMOCRAT PARTY’S BILLIONAIRES’ GLOBALIST EMPIRE requires someone as ruthlessly dishonest as Hillary Clinton or Barack Obama to be puppet dictators.

http://hillaryclinton-whitecollarcriminal.blogspot.com/2018/09/google-rigged-it-so-illegals-would-vote.html

1.     Globalism: Google VP Kent Walker insists that despite its repeated rejection by electorates around the world, “globalization” is an “incredible force for good.”

2.     Hillary Clinton’s Democratic party: An executive nearly broke down crying because of the candidate’s loss. Not a single executive expressed anything but dismay at her defeat.

3.   Immigration: Maintaining liberal immigration in the U.S is the policy that Google’s executives discussed the most.



Democrats as a protection racket? Ed Buck makes it a trifecta

The New York Times has been trying to dismiss the arrest of Ed Buck, a Democratic fatcat who had a thing for injecting young black men with drugs before paying them for sex, as a "small-time Democratic donor," but the facts on the ground suggest he was a rather big one. And maybe that's a function of the paper's desire to protect its masters, the Democrats. They aren't known as Democratic operatives with bylines for nothing.
Fox Business has a rundown:
While Buck once identified himself as a conservative Republican, according to the Los Angeles Times, he became a national figure when he spearheaded the effort to impeach Arizona’s Republican Gov. Evan Mecham in the 1980s. He later made large donations to Democrats, including more than $500,000 since 2007, according to court documents filed by Moore's mother in a wrongful death suit pertaining to her son.
At the federal level, those include contributions to prominent Washington lawmakers as well as 2016 Democratic presidential candidate Hillary Clinton. At the local level, Buck has donated more than $51,000 to Los Angeles city and county officials, candidates, and affiliated parties dating to 2008.
In 2012, Buck contributed $100 to the campaign for Jackie Lacey for Los Angeles County District Attorney, and four years later, gave $1,400 to Eric Garcetti for Mayor of Los Angeles. Both Lacey and Garcetti still hold their titles.
The highest contribution was $13,000, according to the court papers, to former West Hollywood Mayor John Duran when he ran for county supervisor in 2014.
That doesn't sound too small-time to me.
And in fact, his ideological switcheroo sounds as though he found the Democrats a more suitable protection racket for his perversions than the Republicans. Who needs political beliefs when the real belief is perversion and that's what he needs protected?
It's actually part of the pattern with these scandals. Pervert with big vices donates cash to Democrats to ensure his protection from the cops. Harvey Weinstein knew it, that was what his Planned Parenthood and other woke cause donations bought for him - a capacity to prey on young actresses trying to win roles. Jeffrey Epstein knew it too, donating to leftist Bill Clinton causes in order to buy enough influence to enable him to prey on underage girls with impunity, spiriting them to his pervert island for himself along with his highly connected Democrat buddies. Both had added payoffs in that Weinstein then had the power to threaten actresses and reporters who threatened to tell on him, while Epstein had blackmail material on very powerful people which kept them on his string.
Now we have the sorry case of Ed Buck, a creep who enjoyed paying for sex with young black men while poisoning them with drugs, and then relying on his political donations to ensure the cops looked the other way. Note that quite a few of his donations were to Los Angeles local officials, all of them Democrats. Assuming this tweet's images are not manipulated, look at the range of Buck's Democrats:



https://abc7.com/democratic-donor-ed-buck-arrested-on-drug-charges/5547905/  Democratic donor Ed Buck arrested on drug charges after new overdose at his West Hollywood home! @realDonaldTrump @POTUS @SenSchumer @tedlieu @HillaryClinton @CBSThisMorning @GayleKing I see 3 dead people killed by Ed Buck ... WTF? @FBI @LAPDWestLA

Democratic donor Ed Buck arrested on drug charges after new overdose at his West Hollywood home



A THIRD death in this guy's house. WTF!? Ed Buck donated money to Chuck Schumer, Ted Lieu, & Hillary Clinton... was given a free pass / no repercussions after the first two black guys died (18 months apart) from drug fueled speed & poppers homosexual parties.. @CBSNews


Combine it with media malfeasance - the mainstream media tried to turn down Ronan Farrow's report on Weinstein, it tried to pin the Epstein scandal on President Trump, and now it's trying to persuade us that Buck was just small fry, and the protection racket seems complete.
With so many of these perverts turning up in the Democrat donor base as well as organizations such as Planned Parenthood, one wonders if these are the only ones out there. Is the Democratic Party held together in no small part by freaks using politics as their 'vaccination' from scrutiny? Are their perversions and the need to protect them at the root of why these groups are so powerful and Democrats are so extreme and inflexible on issues such as abortion? Might that be why they're so out of step with even the Democratic voting public? And why are the Democrats the more hospitable party for such a sorry scenario? Why are they the party of perverts? It actually isn't just these three, it's quite a few of them as I noted here. A lot of such characters have turned up in a very, very short time and the pattern is exactly the same for each. How many more are there? What does Ted Lieu, Adam Schiff, Hillary Clinton and other Democrats who've benefited from Buck's bucks have to say about this? And why aren't all of the Democrats confronting this? 
Image credit: Twitter screen shot
SENATOR DIANNE FEINSTEIN: I got rich, really, rich, selling out my country as my husband/pimp paid out bribes to other DEM POLS so they would keep their mouths closed about our corruption!

*
IN THE November 2006 election, the voters demanded congressional ethics reform. And so, the newly appointed chairman of the Senate Rules Committee, Dianne Feinstein, D-Calif., is now duly in charge of regulating the ethical behavior of her colleagues. But for many years, Feinstein has been beset by her own ethical conflict of interest, say congressional ethics experts.
*
“All in all, it was an incredible victory for the Chinese government. Feinstein has done more for Red China than other any serving U.S. politician. “ Trevor Loudon
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“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  AMERICAN THINKER.com

Judicial Watch: Only Crimes in Russia Scandal Are from ‘Obama Gang’


Katie Pavlich's Latest Books, Fast and Furious: Barack Obama's Bloodiest Scandal and the Shameless Cover-Up are available on Amazon
FOR EIGHT YEARS BARACK OBAMA AND ERIC HOLDER SABOTAGED HOMELAND SECURITY TO EASE MORE MEXICANS OVER OUR BORDERS AND INTO OUR JOBS AND VOTING BOOTHS.

OBAMA NEEDED THESE ILLEGALS TO FINISH OFF THE AMERICAN MIDDLE CLASS, WHAT WAS LEFT OF THEM AFTER OBAMA'S CRONY BANKSTERS' PLUNDER.


“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 MAN WHO WOULD BE DICTATOR

 

Barack Obama’s Russia Connection

 

https://globalistbarackobama.blogspot.com/2019/06/barack-obamas-russian-connection-who.html

 

 

If Obama was a fully recruited agent of Moscow, tasked with giving Russia a significant military advantage over the United States, and economically weakening and socially dividing the nation, how would he have conducted his presidency (or his post-presidency) any differently? TREVOR LOUDON

*

We are all victims of the Obama cabal’s collusion with Russia – President Trump’s voters and all Americans who believe in our free and fair election process.

///

 

Democrats Allow Communists to Infiltrate Their Party Across the Nation




“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.”
*
“Professor Paul Kengor has extensively researched the Chicago communists whose progeny 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.”
*
We are all victims of the Obama cabal’s collusion with Russia – President Trump’s voters and all Americans who believe in our free and fair election process.


OPERATION OBOMB:

DESTABILIZE AMERICA TO LAY GROUNDS FOR A MUSLIM-STYLE DICTATORSHIP

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.”
BARACK OBAMA: Was he America’s first closet Communist president?


Obama choose Communists and Marxists for the highest, most powerful positions in our land, including his closest political advisors, and his head of the CIA.  These facts are not in dispute.  Most are openly admitted by the people in question, as necessary damage control.  Our press chooses not to report them.
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Professor Paul Kengor has extensively researched the Chicago communists whose progeny 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.

WAS THE RUSSIAN HOAX ONLY OBAMA’S ATTEMPT TO PUT ASIDE TRUMP FOR AN OBAMA THIRD TERM FOR LIFE???
*
*
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.)”
*
These people were engaged in a massive political conspiracy. The Democrats made a decision from the outset—beginning with the election campaign of the favored candidate of Wall Street and the CIA, Hillary Clinton—that they would not oppose Trump on his anti-working-class social policy or his authoritarian hostility to democratic rights and promotion of anti-immigrant racism, but on issues of imperialist foreign policy.
*
“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.”

Barack Obama’s plot for a third term for life 
A Muslim dictatorship like his crony paymasters, the 9-11 invading Saudis who have financed him for decades.

“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.”
*
What was Obama’s motive? Simple, he knew if he did that for Hillary, he’d own the next President of the United States, and could blackmail her with the truth till the end of time. It literally would have given him a 3rd and 4th term.
THE OBAMA – CLINTON RUSSIAN CONNECTION
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WITH THESE TRAITORS, JUST FOLLOW THE MONEY!
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How President Barack Obama and Secretary of State Hillary Clinton aided Russia’s quest for global nuclear dominance.

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