BIDENOMICS: IT'S OVER FOR MIDDLE AMERICA!
Boots on the Ground...Nov. 26th...Are people spending money for the Holidays or are they broke?
https://www.youtube.com/watch?v=de1RvQHWqyI
The Big Saturday Show 11/26/22 | BREAKING FOX NEWS NOVEMBER 26, 2022
https://www.youtube.com/watch?v=enKZtyOaEd8
Layoffs are Next as Black Friday Has Retailers Seeing Red
Banks Attempting to Prevent MASSIVE Mortgage Defaults!
THIS IS WHAT THE GLOBALIST NAFTA DEMOCRAT PARTY HAS DONE TO ONE SANCTUARY CITY
I Went To Every Single Homeless Camp In Los Angeles
The group’s survey says that 28 percent of renters in New York pay more than 50 percent of their wages on housing in the city’s migrant-crowded neighborhoods.
Will Housing Prices Collapse? Featuring Richard Wolff
SAN DIEGO IS A DEMOCRAT SANCTUARY CITY IN THE SANCTUARY STATE OF MEXIFORNIA
Homelessness Is Ruining San Diego, California
Democrats Want $5.5 Billion Bailout of New York City’s Illegal Population
fundexcludedworkers.org/
17 Nov 20201,148
3:37
The coronavirus crash has completely impoverished New York City’s huge illegal-migrant population, so it needs a bailout from billionaires, says a far left group of open border activists.
The advocacy group, Make the Road NY, wants to raise $5.5 billion from 120 New York billionaires to provide roughly $750 per week in aid for up to 1.2 million illegal migrants and their dependents. Numerous Democratic legislators back the campaign.
The New York Times gave the draft legislation a boost on November 15, with an excellent video report that showcased some of the unemployed, illegal migrants who were trying to earn some cash as street vendors:
On one corner, Cristina Sanchez stood forlornly at a produce stand. She had not sold a single thing. During the pandemic she had lost her job, and then her rented room, triggering a frantic hustle to survive: First she sold produce, then tacos, then produce again …
…
“This has affected my children [in Mexico] a lot,” Cristina said, as she started to cry. “I try to tell them that because there’s no steady work, whatever I make is only enough for me to survive for the day.”
The New York Times showcased one of the group’s members, “Gerardo,” a Mexican who arrived in 2006:
He decided to sell tacos de alambre — made with steak, chiles, bacon and cheese — on the street. The owner of a local deli let him use an enclosed sidewalk stand at night, free of charge. During the day it sells smoothies.
…
Gerardo’s sales have not been brisk. His tacos cost two for $5. He needs to sell at least 130 each day, a target he often misses by half.
Many excluded workers have become street vendors in the past few months as a new source of income.
Our member Gerardo, also featured, has fought to #FundExcludedWorkers after losing his job and having to sell his car to make ends meet.https://t.co/Z9AwjTqiIH
— Make the Road NY (@MaketheRoadNY) November 16, 2020
The group also wants the state legislature to approve more licenses for street vendors — even though the extra supply of vendors would reduce income for the native-born and immigrant who operate the existing stands.
The Make the Road group said its surveys showed that:
92% of respondents reported that either they or another earner in their household has lost their job or income as a result of the crisis.
84% of respondents are now themselves unemployed, with 88% of them reporting job loss due to COVID-19.
Only 5% of respondents received unemployment benefits in the last month.
90% of household cleaners had lost their jobs. Those that were working had fewer clients than usual and had lost income.
The group’s survey says that 28 percent of renters in New York pay more than 50 percent of their wages on housing in the city’s migrant-crowded neighborhoods.
The scale of the imported poverty is huge but unclear.
Make the Road claims 1.2 million people “who haven’t received any aid,” while the New York Times says the city includes roughly half a million illegals.
The leaders in New York City choose to build their service and real-estate economies on cheap imported labor, so denying wages, jobs, and home to the many Americans who did live – or want to live — in the city.
Now the coronavirus crash is threatening the city’s economy by pushing out impoverished migrants, and their departure is pressuring employers to raise wages high enough to attract Americans to jobs in New York.
New York’s problem with impoverished illegal migrants is mirrored in Boston, Massachusetts, and in Los Angeles.
Mass immigration shifts investment, jobs & wealth from the central states to the coastal states.
NY shows how Trump partly reversed the wealth transfer by curbing migration.
Yet GOP pols keep voting for immigration that makes their states poorer. #H1B https://t.co/NsKy7qY76V
— Neil Munro (@NeilMunroDC) September 19, 2020
Malliotakis: We Don’t Need More COVID Money When We Haven’t Spent all the Previous Money Yet and There’s Been Billions in Fraud
On Friday’s broadcast of the Fox News Channel’s “America’s Newsroom,” Rep. Nicole Malliotakis (R-NY) criticized the Biden administration for pushing for more federal COVID funding when there are large sums of money from the previous COVID spending packages that have not been spent yet and when billions of dollars in money from prior COVID spending bills has been stolen through fraud.
Co-host Julie Banderas asked, “Lawmakers are considering a fiscal package that would…delay, extend, or enact various tax and healthcare provisions, which, by the way, would cost at least $240 billion in the first year, more than $1.9 trillion over a decade if made permanent. Now, not only would this add to the deficit, obviously, but wouldn’t this spending also worsen inflation?”
Malliotakis responded, “Yeah. And among the things that President Biden is actually requesting is more COVID funding, when you still have roughly a trillion that’s gone unspent and we hear reports of $400 billion that [has] gone — just basically disappeared and has been stolen and there needs to be accountability and the Department of Justice has been prosecuting individuals over that. So, certainly, Republicans are opposed to increasing spending and so are the American taxpayers.”
Follow Ian Hanchett on Twitter @IanHanchett
Black Friday Disappoints: Thin Crowds and ‘Desolate’ Stores
The busiest shopping day of the year is not as busy as retailers hoped.
Across the U.S., shopping malls are seeing only thin crowds, according to reports in business media. Inflation and depressed consumer sentiment appear to have dampened the holiday shopping spirit.
Reuters reported:
At Times Square in New York City, which was cloudy with occasional light rain, employees were seen waiting inside stores for crowds that so far had not arrived.
Outside the American Dream mall in East Rutherford, New Jersey, there were no lines outside stores. A ToysRUS employee was seen walking around the mall handing out flyers with a list of the Black Friday door busters.
Bloomberg reported:
Around 10:30am at Crossgates Mall in Albany, New York, the ultra low-cost brands and the higher-end buzzy retailers had the most foot traffic, while the middle-market stores were desolate.
Gap Inc.-owned Old Navy, which was offering 60% off most items, had a line so long that some shoppers turned around as soon as they entered the store. Athleisure favorite Lululemon Inc., which had only a few racks of discounted merchandise, and American Eagle Outfitters Inc.-owned Aerie, a popular intimates brand among Gen Z shoppers, also drew big crowds.
Meanwhile, stores like Banana Republic, Macy’s and Urban Outfitters had no lines at all, and only a handful of shoppers.
Overall, the National Retail Federation has forecast that retail sales will be up six to eight percent this year compared with last year. That is a big slowdown from last year’s 13.5 percent increase and the 9.3 percent rise in 2020. After adjusting for inflation, sales may actually be down. The Consumer Price Index is up 7.7 percent compared with a year ago.
November saw a significant decline in consumer sentiment, according to the University of Michigan’s survey. The index of consumer sentiment fell five percent below the October reading, reversing about one-third of the gain since the historic low in June. The gauge of current conditions dropped by 10.4 percent.
The consumer discretionary sector was flat for the day. It is down 33.53 percent from a year ago, making it the second worst-performing of the 11 sectors of the S&P 500. The worst is the tech and entertainment heavy sector called communication services.
Even in the U.K., Black Friday proved to be a disappointment. “Black Friday got off to a muted start in the UK, with the number of home deliveries booked down by about 5% and no surge on the high street,” the Guardian reported.
Both Reuters and Bloomberg described U.S. shopping as “muted.”
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