NAFTA JOE BIDEN TELLS GOLDMAN SACHS - DON'T WORRY! WE'VE GOT THOUSANDS OF DEM VOTING ILLEGALS WHO WILL WORK CHEAP JUMPING THE BORDER EVERY DAY - SEND A THANK YOU TO MAYORKAS

THE NEXT MEXICAN INVASION IS AT HAND:

"Mexican president candidate Andrés Manuel López Obrador called for mass immigration to the United States, declaring it a "human right". We will defend all the (Mexican) invaders in the American," Obrador said, adding that immigrants "must leave their towns and find a life, job, welfare, and free medical in the United States."

http://mexicanoccupation.blogspot.com/2018/07/mexican-president-andres-manuel-lopez.html

"Fox’s Tucker Carlson noted Thursday that Obrador has previously proposed granting AMNESTY TO MEXICAN DRUG CARTELS. “America is now Mexico’s social safety net, and that’s a very good deal for the Mexican ruling class,” Carlson added."

"Many Americans forget is that our country is located against a socialist failed state that is promising to descend even further into chaos – not California, the other one. And the Mexicans, having reached the bottom of the hole they have dug for themselves, just chose to keep digging by electing a new leftist presidente who wants to surrender to the cartels and who thinks that Mexicans have some sort of “human right” to sneak into the U.S. and demographically reconquer it." KURT SCHLICHTER

1600 Migrants Crossed into West Texas and ‘Got Away’ over Weekend

U.S. Border Patrol/Del Rio Sector

BOB PRICE

24 May 20226

3:15

Del Rio Sector Border Patrol officials report that more than 4,700 migrants illegally crossed into Texas over the past weekend and, of those, at least 1,600 “got away” without being apprehended.

Del Rio Sector Chief Patrol Agent Jason D. Owens tweeted a video in which he reported that his agents apprehended 3,133 migrants over the weekend. An additional 1,614 migrants are classified as “got aways.” Got aways are a term Border Patrol officials utilize to estimate the number of migrants who cross without being apprehended. They include migrants observed on patrol or by surveillance technology but manage to escape or agents are not able to get to because of other assignments — including the processing of large migrant groups.

In addition, Del Rio Sector agents rescued 11 migrants. These include seven migrants rescued by BORSTAR Border Patrol agents early Saturday morning, Breitbart Texas reported.

Through April 30, Border Patrol agents rescued more than 10,500 migrants along the southwest border with Mexico. This compared to 12,833 for the entire FY21. During FY20 and FY19, agents rescued 5,071 and 4,920 respectively.

Not all migrants are as lucky as these seven. Earlier last week, Breitbart Texas reported that Del Rio Sector agents recovered the bodies of three migrants. Two of the migrants drowned and agents found the third on a ranch near Uvalde, Texas.

Chief Owens reported four more deaths over the weekend — two from drowning and two others found dead on interior ranches miles from the border.

Bob Price serves as associate editor and senior news contributor for the Breitbart Texas-Border team. He is an original member of the Breitbart Texas team. Price is a regular panelist on Fox 26 Houston’s What’s Your Point? Sunday-morning talk show. Follow him on Twitter @BobPriceBBTX and Facebook.

Goldman Sachs to Joe Biden: Import Workers to Cut Wages by $100 Billion

Saul Loeb, Guillermo Arias/Getty Images

NEIL MUNRO

24 May 20220

9:20

President Joe Biden should cut roughly $100 billion from Americans’ wages in one year by importing 2.5 extra million foreign workers, says Wall Street’s leading investment firm, Goldman Sachs.

After President Donald Trump’s migration cuts, “the substantial gap between the number of workers and the number of jobs …  has led to wage growth of 5 1/2% over the last year,” the firm complained on May 23.

“We have estimated that the [worker] gap would need to close by around 2 ½ million [extra migrants] to return wage growth to the 4-4½% range,” the report concluded.

The longed-for cut of 1.25 percent in Americans’ wages would take $137 billion from voters’ pocketbooks, each year, in perpetuity, according to data provided by another Wall Street firm, Moody’s Analytics.

Moreover, Goldman’s focus is on stock values. Those stock values are based on Wall Street’s predictions of future profits over the next 20 years. So Goldman’s one-year migration surge and one-year wage cut of $100 billion could boost stock values by about $2 trillion.

The transfer of wealth from employees to investors accelerated after 1990 when a bipartisan bill doubled the inflow of migrants and created new white-collar visa-worker programs.

Since 1990, the value of the Dow Jones Index has grown tenfold, while median wages and salaries have remained flat. During the same period, the NASDAQ grew 14-fold, as blue-collar and white-collar workers were forced to share their labor market with millions of foreign workers extracted from poor countries.

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However, Goldman admitted that Congress is very unlikely to pass another “Comprehensive Immigration Reform” wealth-transfer law: “Recent polling from Morning Consult suggests that among President Biden’s major executive actions over his first year in office, reversing the Trump Administration’s immigration restrictions are some of the least popular.”

Source: Goldman Sachs

Many polls show the unpopularity of Goldman’s high-migration/low-wages agenda.

But Goldman’s authors suggested that Washington could market the labor-supply changes as popular inflation-fighting measures:

Still, there are reasons to believe some liberalization of immigration policies could be politically beneficial. Inflation ranks as a higher priority than immigration among voters of all parties, with the greatest difference among Democrats.

And those stock-boosting changes could be established by Biden’s deputies, not Congress, Goldman reports:

While major changes might be too politically controversial, smaller changes—particularly around temporary work visas and potentially regarding green card recapture—might be in the realm of political reality.

But the Goldman report has some good news for investors and migrants from their allies in Biden’s pro-migrant agencies:

More recently, immigration has rebounded. Green card issuance to new arrivals has roughly returned to its pre-pandemic level, and temporary work visas have gotten close to normal levels in just the last few months.

Goldman’s report is a self-serving fix for the benefit of investors and CEOs, but not for the nation’s economic strength, Kevin Lynn, founder of U.S. Tech Workers told Breitbart News. He continued:

What it should show everyone is that corporate America is concerned about the next quarter and earnings per share. They’re not concerned about productivity. They’re not concerned about innovation. The CEOs are concerned about how they’re compensated and they’re compensated on maximizing profit. That’s not necessarily good for the corporation, and it’s not necessarily good for America.

And Americans know this. This is why [investors] have to sneak [migration] in through rules and regulation changes because these things are so unpopular. The average American knows that unbridled immigration harms them.

But Goldman’s immigration-as-inflation-cure theme is already commonplace among pro-migration writers and reporters.

Biden “has in plain sight several measures that would reduce inflation significantly, and yet appears hesitant to take them,” the Indian-born columnist Fareed Zakaria wrote on May 19 in the Washington Post, adding:

 This is the time to reverse more of Trump’s restrictions on immigration, many done by executive action and hundreds of which are still in effect, which have caused severe worker shortages in industries such as farming, construction and health care.

RollCall.com reported on May 9:

As concerns about rising levels of migration to the southwest border dominate discussions on Capitol Hill, lawmakers and advocates are pointing to high inflation rates and critical labor shortages in a push for the Senate to take action soon on more narrow immigration bills that could boost the U.S. economy.

“Anyone that will report on what’s in the best interest of the wage-earning classes simply isn’t going to be long for the job,” said Lynn. The journalists with jobs “are following the narrative. … [so] there’s a distinct lack of critical thinking,” he added.

However, Biden put the kybosh on that plan in his 2022 State of the Union, saying:

We have a choice. One way to fight inflation is to drive down wages and make Americans poorer. I have a better plan to fight inflation. Lower your costs, not your wages. Make more cars and semiconductors in America. More infrastructure and innovation in America. More goods moving faster and cheaper in America. More jobs where you can earn a good living in America. And, instead of relying on foreign supply chains – let’s make it in America.

Overall, Biden has zig-zagged between isolated calls for a popular, wage-raising, tight labor market — “Rising wages aren’t a bug; they’re a feature” — and reckless invitations to migrants. That Biden welcome allowed his deputies to begin reinflating the post-1990s cheap-labor bubble with at least 1 million extra workers via the southern border in 2021.

Each year roughly 4 million young Americans enter the labor market in search of wages needed for their own homes and families.

But the federal government also imports roughly one million legal immigrants, and roughly one million temporary workers, and does little to return at least 11 million illegal migrants to their home countries.

Extraction Migration

Since at least 1990, the D.C. establishment has extracted tens of millions of migrants and visa workers from poor countries to serve as legal or illegal workers, temporary workers, consumers, and renters for various U.S. investors and CEOs.

This economic strategy of Extraction Migration has no stopping point. It is brutal to ordinary Americans because it cuts their career opportunities, shrinks their salaries and wages, raises their housing costs, and has shoved at least ten million American men out of the labor force.

Extraction migration also distorts the economy, damages professionals‘ clout, and curbs Americans’ productivity, partly because it allows employers to use stoop labor instead of machines.

Migration also reduces voters’ political clout, undermines employees’ workplace rights, and widens the regional wealth gaps between the Democrats’ big coastal states and the Republicans’  heartland and southern states.

An economy built on extraction migration also alienates young people and radicalizes Americans’ democratic, compromise-promoting civic culture because it allows wealthy elites to ignore despairing Americans at the bottom of society.

The economic policy is hidden behind a variety of high-minded narratives. These include the claim that the U.S. is a “Nation of Immigrants,” that Americans have a duty to accept foreign refugees, or that the government needs a different population. But the progressives’ colonialism-like economic strategy reduces overseas investment, kills many migrants, exploits poor people, and splits foreign families as it extracts human-resources wealth from the poor home countries.

 

The economic policy is backed by progressives who wish to transform the U.S. from a society governed by European-origin civic culture into a progressive-directed empire of feuding identity groups. “We’re trying to become the first multiracial, multi-ethnic superpower in the world,” Rep. Rohit Khanna (D-CA) told the New York Times on March 21. “It will be an extraordinary achievement … we will ultimately triumph,” he boasted.

Not surprisingly, the wealth-shifting extraction migration policy is very unpopular, according to a wide variety of polls. The polls show deep and broad public opposition to labor migration and the inflow of foreign contract workers into jobs sought by young U.S. graduates.

The opposition is growing, anti-establishment, multiracial, cross-sex, non-racist, class-based,  bipartisan, rational, persistent, and recognizes the solidarity that Americans owe to one another.

Cruz: Biden’s ‘Celebrating’ High Gas Prices as an ‘Incredible Transition’

IAN HANCHETT

24 May 20220

1:41

On Monday’s broadcast of the Fox News Channel’s “Hannity,” Sen. Ted Cruz (R-TX) criticized President Joe Biden for saying that “when it comes to the gas prices, we’re going through an incredible transition that is taking place that, God willing, when it’s over, we’ll be stronger and the world will be stronger and less reliant on fossil fuels when this is over” by saying that Biden is telling people they can’t drive what they want while he flies around at the taxpayers’ expense.

Cruz stated, “Joe Biden isn’t unhappy about that. He’s in Tokyo, celebrating, saying, it’s ‘an incredible transition.’ Yeah, incredible for you, you fly a damn 747 where the taxpayers pay for your jet fuel. What Joe Biden is saying is, if you, at home, if you drive a pickup truck, to hell with you, you can’t drive your pickup truck. If you have a Suburban, you’ve got to get rid of that. If you’ve got a minivan, you’ve got to get rid of that. We’re all getting Toyota Priuses, although, he’s going to pitch it as, we’re all getting Teslas, but apparently, someone’s going to give us 100 grand to get one. It is the most arrogant contempt for working men and women in this country, and that is the view of the hard left, let them eat cake. John Kerry, as he flies his private jet all over the globe, says, gosh, you’ve got to give up your pickup truck. Because I care so much about the environment and it’s just — it’s cruel and messed up, and I think the American people are really seeing it.”

Follow Ian Hanchett on Twitter @IanHanchett

69% of Americans Say The Economy Is Bad

Drew Angerer / Getty Images

JOHN CARNEY

23 May 20220

4:11

Sixty-nine percent of Americans think the economy is bad right now, a poll released over the weekend by CBS News and YouGov shows.

The share saying the economy is bad had been holding steady for the first four months of the year and final two months of last year. Between September and November, the share saying the economy is bad jumped from 51 percent to 64 percent and held at around that level through April even as the unemployment rate fell from 4.2 percent to 3.6 percent.

Inflation climbed steadily higher during those months, with the Consumer Price Index’s annual gain going all the way from 6.8 percent in November to 8.6 percent in March. In April it notched down to 8.3 percent. Yet that did not raise the percent of people saying the economy is bad.

The Fed hiked interest rates in March by 25 basis points and in May by 50 basis points. Mortgage rates have shot up, with the 30-year fixed rate home loan rising from 3.1 percent in November to 5.25 percent now. Stocks have fallen sharply, with the Dow Jones Industrial Average down for eight straight weeks—the longest losing streak in 90 years.

Americans are extremely pessimistic on economic matters right now. Seventy-seven percent say they are pessimistic about the prices of goods and services, up from 70 percent in September. Sixty-eight percent say they are pessimistic about the national economy, up from 58 percent in September. Sixty-seven percent say they are pessimistic about the stock market, up from 49 percent in September. Fifty-seven percent say they are pessimistic about their retirement plans, up from 43 percent in the September poll.

A slight majority—52 percent—say they are optimistic about the local jobs market. That 48 percent are pessimistic is astonishing given the very low level of unemployment.

Inflation is far and away the most important issue, the poll results indicate. Eighty-three percent of those polled said they would like to see the Democratic party nominate candidates focused on fighting inflation, with taxing the wealthy as a focus a distant second at 61 percent. Eighty-one percent said they would like to see the Republican party nominate candidates focused on fighting inflation, followed by stopping illegal immigration at 59 percent.

Ninety-percent of self-identified Republicans say they want inflation to be a focus for their party’s nominees. Ninety-four percent of Trump voters say they want Republicans to focus on fighting inflation. A similar share of Democrats—89 percent—say they want Democratic nominees to focus on inflation. Likewise, 89 percent of Biden voters say Democrat nominees should focus on inflation.

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The public is divided, however, on which party they trust more on the issue of inflation. Fifty-one percent trust the Republicans and 49 percent trust the Democrats.

Of the 69 percent who say the economy is bad, 39 percent say it is very bad and 30 percent say it is fairly bad. Just six percent say the economy is very good, and 20 percent said it is fairly good.

Sixty-four percent say they disapprove of President Joe Biden’s handling of the economy. Biden does slightly worse among women on this question, with 65 percent disapproval. Sixty-eight percent of white Americans say they disapprove of Biden’s handling of the economy, as do 65 percent of Hispanic Americans and 44 percent of black Americans.

Seventy percent say they disapprove of Biden’s handling of the issue of inflation, including 72 percent of whites, 70 percent of Hispanics, and 55 percent of blacks.

Seventy-four percent say things are going badly in America. Just 44 percent say they approve of the job Biden is doing as president overall, up two points from a month ago. Fifty-one percent say his actions as president are ‘incompetent’ and 57 percent describe Biden as ‘distracted.’

THE LOOTING OF AMERICA

KAMALA HARRIS AND HER GOLDMAN SACHS BANKSTER STEVEN MNUCHIN

A tidy corrupt partnership

https://kamala-harris-sociopath.blogspot.com/2020/10/the-looting-of-america-kamala-harris.html

She also declined to prosecute OneWest, run by now-Treasury Secretary Steven Mnuchin from 2009-2015, after her own prosecutors said they discovered over a thousand violations of foreclosure law committed by the bank. (OneWest donated $6,500 to Harris' attorney general campaign in 2011, and Mnuchin himself donated $2,000 to her Senate campaign in 2016.)