When Biden took office, one of his first acts was the elimination of our border security. Like a power-hungry dictator, Biden simply decided to ignore our immigration laws. His catastrophic border policy resulted in untold millions of unidentified foreign citizens from around the world pouring into our country. Its impact is now being felt in cities across the country. The worst is yet to come. PETER LEMISKA - AND WE'RE ALREADY THERE!!!
Thursday, April 23, 2020
TRUMPERNOMICS - JOBLESS CLAIMS SOAR AS TRUMP HANDS WALL STREET CRONIES AND BIG AG WAVES OF 'CHEAP' LABOR FOREIGN WORKERS TO KEEP WAGES DEPRESSED AND PROFITS HIGHER - “Trump Administration Betrays Low-Skilled American Workers.”
“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 During a segment on Wednesday, Carlson said Trump’s original draft of the executive order “would have suspended several guest worker programs, the ones that prevent qualified Americans from getting jobs” but that the draft was later gutted down to only include a small group of employment-based and extended family green card applicants who are not yet in the U.S. “Trump has broken most of his key campaign promises … here once again he promises his audiences he will end all immigration for 60 days, but then guts the actual order to where it will have little impact for American workers.”
“I think it is great that he did it,” said Hilarie
The coronavirus continued to ravish the U.S. economy last week, with 4.4 million of American filing first-time unemployment claims, the Labor Department reported Thursday.
Economists had forecast 4.25 million new claims for this week. The previous week’s claims figure was revised down 2,000 to 5,506,500.
Continuing claims, those made after an initial week of benefits, rose to 15.98 million. Continuing claims, however, are reported with a one week lag. The total number of Americans who have lost their jobs since claims spiked five weeks ago because of coronavirus and shutdowns rose to around 26.4 million, enough to erase all the job gains since the economy began to recover after the financial crisis.
The 4-week moving average was 5,786,500, an increase of 280,000 from the previous week’s revised average.
The CARES Act, passed to offset the economic impact of the coronavirus and stay-at-home orders, expanded the ranks of those eligible to file claims for unemployment benefits and raised the amount paid to unemployed workers. Self-employed workers and independent contractors can now file for benefits, expanding the number of claims.
New claims for state unemployment benefits are a proxy for layoffs. Released weekly, they are some of the few real-time indicators of economic conditions.
Actual job losses may be higher than the most recent figures reveal. Applications in many states have been hampered by websites and phone lines failing due to the rapid rise in the volume of claims.
Employers are slashing their payrolls to try to stay afloat because their revenue has collapsed, especially at restaurants, hotels, gyms, movie theaters, and other venues that depend on face-to-face interaction. Auto sales have sunk, non-healthcare related manufacturing has ground to a halt, and factories have closed.
More than 90 percent of the U.S. population is now under stay-at-home orders, which have been imposed by most U.S. states. This trend has intensified pressure on businesses, most of which face rent, loans, and other bills that must be paid.
The CARES Act included hundreds of billions of dollars for loans for businesses that can be forgiven if borrowers keep workers on their payrolls. That could be holding down the levels of layoffs despite the shutdowns.
The biggest spike in claims was in Florida, where the Labor Department estimated claims rose by 324,718 to 505,137. That estimate may include those who lost their jobs earlier but were not counted due to problems getting on the unemployment rolls thanks to outdated technology overwhelmed by the surge in claims.
Trump Exempts Fortune 500’s Visa Workers from Immigration Curb
President Donald Trump has exempted the Fortune 500’s international labor supply from his order for a temporary immigration shutdown.
“This order will only apply to individuals seeking a permanent residency,” Trump said in an April 21 press conference at the White House. He said:
It would be wrong and unjust for Americans laid off by the virus to be replaced with new immigrant labor flown in from abroad. We must first take care of the American worker — take care of the American worker. This pause will be in effect for 60 days, after which the need for any extension or modification will be evaluated by myself and a group of people, based on economic conditions at the time.
…
[It] will not apply to those entering on a temporary basis. As we move forward, we’ll examine what additional immigration-related measures should be put in place to protect U.S. workers. We want to protect our U.S. workers and I think as we move forward, we will become more and more protective of them … The last thing we want to do is take American workers’ jobs.
Thee white-collar reporters did not ask Trump why he exempted the corporate visa workers from taking jobs away from other white-collar Americans. One reporter, however, asked him if he is using the coronavirus epidemic to fulfill a campaign promise to reduce legal immigration.
“I want our citizens to get jobs — I don’t want them to have competition,” Trump responded, adding that the policy document is being drafted for signature, likely on Wednesday.
“The decision not to block guest worker programs — for now — is a concession to the backlash from business groups who assailed the White House on Tuesday,” reported a New York Times article.
“President Donald Trump’s new executive order banning immigration to the United States will apply narrowly to those seeking permanent immigration status, a senior administration official said on Tuesday,” said a Reuters report. The report added, “Other workers such as those on so-called H1-B visas would be covered in a separate action, the official said.”
The rollback of the expected curbs on visa programs will be a huge disappointment to the many American graduates who say they have been pushed out of Fortune 500 jobs and careers by the alliance of U.S. investors, managers, and foreign visa workers.
Many advocates for American graduates & workers cheered when Trump announced his temporary immigration shutdown. Business & investors, of course, oppose any shutdown of their foreign-graduate pipeline. #H1Bhttps://bit.ly/3cDouJ0
So Trump will come under increasing pressure during the 2020 campaign to fulfill his 2016 promise to curb the H-1B visa. That pressure will come from millions of swing-voting graduates who see good jobs disappearing all around them — and see the major companies employing roughly 1.5 million white-collar visa workers.
In fact, his promise of the 60-day review is his invite to millions of swing-voting American graduates to rally against the visa worker programs during the 2020 presidential election.
The college graduate protest will be spiked by the continued economic turmoil and the routine inflow of foreign visa workers. For example, Trump’s federal government is on track to allow U.S. companies to import 85,000 new H-1B workers during the next several weeks.
Fortune 550 companies, smaller companies, and universities keep a population of roughly 1.5 million visa workers in U.S. jobs, and they also use those workers to transfer many additional jobs to corporate allies in India and other countries.
The NYT article did not include any detail about the draft directive, which may split the difference between business demands and the public’s support for a shutdown of immigration and of many visa worker programs.
But the article included comments from advocates for the nation’s powerful and wealthy technology companies.
Business groups had exploded in anger on Tuesday at the threat of losing their access to foreign labor .
…
“This is both a political act to demagogue and distract from his awful handling of the Covid-19 crisis and lack of testing,” said Todd Schulte, the president of FWD.us, a technology group that advocates for immigration, “and it is also a policy effort by hardliners to use this crisis to enact their awful, decades-old wish list to radically slash immigration.”
…
Jason Oxman, president of the Information Technology Industry Council, a tech industry trade group, said in a statement earlier on Tuesday that “the United States will not benefit from shutting down legal immigration.”
The members of Oxman’s group include Accenture, Adobe, Apple, Facebook, Google, Microsoft, IBM, and PWC. Many of these Fortune 500 companies sideline American graduates to hire foreign visa workers via programs such as the H-1B and Occupational Practical Training program.
The ITI group also includes some of the Indian-run outsourcing companies that import many visa workers from India. The Indian-run companies include Cognizant and Tata Consultancy Services. Indian-run companies supply visa workers to many banks, insurance companies, utilities, auto manufacturers, and many other companies.
Some of the most recognizable and dynamic American technology companies were started by immigrants, and today’s immigrants to the U.S. are valuable members of the U.S. technology industry workforce … the United States will not benefit from shutting down legal immigration. Tech workers – whether from the United States or another country – are playing an essential role in America’s response to COVID-19. They will be vital to the U.S. economic recovery and must remain part of the workforce. We urge President Trump not to endanger the country’s economic recovery by closing its economy to the rest of the world.
Trump's migration suspension will protect wages, esp. for blacks & Latinos, says WH press secretary. That might mean easy action against the abuse of B-1 visitor-not-worker visas. But there's far, far more corp.-$$$$ in the college-grad #H1B H-1B visas.https://bit.ly/2yvytkX
Todd Schulte’s FWD.us group was created by West Coast investors, including Mark Zuckerberg and Bill Gates, to help pass the 2013 “Gang of Eight” wage-cutting amnesty bill.
Many polls show that American voters like — and want to like — immigrants. But the polls also show that the public strongly objects to companies hiring foreign workers before American employees. For example, an August 2017 poll reported that 68 percent of Americans oppose companies’ use of H-1Bs to outsource U.S.-based jobs that could be held by Americans.
Administration officials are touting the draft policy as a boost to blue-collar wage earners but apparently not to white-collar graduates:
FLASHBACK: Senator Bernie Sanders in 2015: “You think we should open the borders and bring in a lot of low-wage workers, or do you think maybe we should try to get jobs for those [American] kids?” https://www.youtube.com/watch?v=vf-k6qOfXz0 …
The latest ad from the Federation for American
Immigration Reform (FAIR) asks Trump to reject the mass illegal and legal
immigration policies supported by Wall Street, corporate executives, and most
specifically, the GOP mega-donor Koch brothers.
Efforts by the big business lobby,
Chamber of Commerce, Koch brothers, and George W. Bush Center include
increasing employment-based legal immigration that would likely crush the historic wage gains that Trump has delivered
for America’s blue collar and working class citizens.
Company With Ties To
Trump Receives Millions From Small Business Loan Program
Jovita Carranza, head of the
Small Business Administration, addresses the press earlier this month at the
White House, as Vice President Pence and President Trump listen.
Alex
Brandon/AP
While many small businesses have found it difficult or
impossible to get one of the Small Business Administration's Paycheck
Protection Program loans, a company owned by a prominent Chicago family with
close ties to the Trump administration was able to get a $5.5 million loan
under the program, according to documents the company filed with the Securities
and Exchange Commission on Monday.
U.S. Ambassador to Belgium Ronald Gidwitz, who was appointed in
2018, was then-candidate Donald Trump's campaign finance chair for Illinois in
the 2016 presidential campaign. According to filings with the SEC, Gidwitz's
family owns the majority of Continental Materials Corp., which secured the 1%
interest loan.
Continental Materials makes heating and cooling equipment and
construction products. While it had more than $100 million in sales last year,
it qualified for the loan because it meets the Small Business Administration's
industry-specific "small business" size standards, according to
company chief financial officer Paul Ainsworth.
Still, the company's loan is much
larger than the typical PPP loan, according to a summary released by the Small Business Administration last week. The
average loan was just over $200,000, and fewer than 1% of the loans under the
program were greater than $5 million.
Ainsworth told NPR the money would be used to pay the company's
445 employees in the face of slowing demand for its products.
"We had planned to furlough people and we delayed those
plans," he said. "To the extent that we had to let people go, we're
hiring them back."
While the company may qualify as a small business under the PPP
program, there are many much smaller businesses that have been unsuccessful in
obtaining or even applying for the loans from their banks.
The business advocacy group NFIB
surveyed a random sample of the 300,000 businesses in its membership database
and found that only about 72 percent of businesses that tried to apply for a PPP loan were able
to successfully submit an application.
Continental Materials will be able to pay back the loan over two
years and may qualify for it to be forgiven.
When asked, Ainsworth said the loan is not related to any
political activities of company leaders, and he noted Ronald Gidwitz resigned
when he was appointed ambassador.
Gidwitz was confirmed to the ambassadorship by the Senate by
voice vote in June 2018. He announced his resignation from the company's board
a few days later in July, according to company SEC filings.
'Our
middle class is dying': Tucker Carlson blames 'advisers' in Trump orbit for
'tidal wave' of immigration
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