Saturday, February 28, 2015

OBAMANOMICS: WILL IT DESTROY AMERICA? US economy in deflation and slump

US economy in deflation and slump


THE DEMOCRAT PARTY: BANKSTER-FUNDED PARTY FOR OPEN BORDERS, MEX WELFARE, NO LEGAL NEED APPLY and LA RAZA SUPREMACY!

 

SEN. JEFF SESSIONS

“No party can win without working and middle class voters. The path forward for the GOP is to become the party of the American worker. The party of higher wages. The party of full employment.

The Democratic Party has already cast its lot: its members have endlessly enabled the President’s anti-worker policies, including his wage-cutting agenda of uncontrolled immigration and the bleeding of American manufacturing wealth overseas.”

 



WILL OBAMA CAUSE THE IMPENDING GLOBAL  ECONOMIC MELTDOWN?



"Notwithstanding these powerful trends, the stock markets continue to power on, providing a graphic demonstration of the degree to which the accumulation of wealth by global financial elites has become divorced from the actual process of production."

 

"These figures belie official claims that the US is an economically healthy counterbalance to the overall slump and deflation that now encompasses most of the world. In fact, US economic growth, hampered by an enormous impoverishment of the working class in the years following the financial crisis, remains far below previous historical averages."


THE 1% HAS DONE VERY WELL UNDER OBAMA!



On Thursday, Bloomberg reported that global sales of “ultra-premium” vehicles, costing $100,000 or more, surged by 154 percent, compared with a 36 percent increase in global vehicle sales overall. The report noted, “Rolls-Royce registrations have risen almost five-fold. Almost 10,000 new Bentleys cruised onto the streets last year, a 122 percent increase over 2009, while Lamborghini rode a 50 percent increase to pass the 2,000 vehicle mark.”

US economy in deflation and slump

By Andre Damon
28 February 2015
The US Commerce Department said Friday that Gross Domestic Product, the broadest measure of economic output, grew by only 2.2 percent in the fourth quarter of last year, down from an earlier estimate of 2.6 percent and a sharp fall from earlier quarters.

This followed the announcement by the Labor Department on Thursday that consumer prices fell by 0.7 percent, the largest fall since December 2008. Over the past 12 months, prices have fallen by 0.1 percent, the first annual deflation figure posted since October 2009.

These figures belie official claims that the US is an economically healthy counterbalance to the overall slump and deflation that now encompasses most of the world. In fact, US economic growth, hampered by an enormous impoverishment of the working class in the years following the financial crisis, remains far below previous historical averages.

On Tuesday, Standard and Poor’s said that its Case-Shiller Index showed that home prices grew by 4.6 percent over the past year, the slowest housing price increase since 2011. “The housing recovery is faltering,” David Blitzer, chairman of the index committee at S&P Dow Jones, told the Los Angeles Times. “Before the recession, anytime housing starts were at their current level… the economy was in a recession.”

Meanwhile the number of people in the US newly filing for jobless benefits jumped by 31,000 to 313,000 last week, in the largest increase since December 2013, reflecting a series of mass layoffs and business closures announced this month.

On February 4, office supply retailer Staples announced plans to buy its rival Office Depot, which would result in the closure of up to a thousand stores and tens of thousands of layoffs. The next day, electronics retailer RadioShack filed for bankruptcy, saying it plans to close up to 3,500 stores.

Mass layoffs have also been announced at online marketplace eBay, credit card company American Express, the oilfield services companies Schlumberger and Baker Hughes, as well as the retailers J.C. Penney and Macy’s.

These disastrous economic developments come even as the Dow Jones Industrial Average hit an all-time record of 18,140 on Wednesday, though it retreated slightly later in the week. Worldwide, the FTSE All-World Index is near its highest level in history.

The rise in global stock indices reflects the satisfaction of global financial markets with the pledge by the Syriza-led Greek government to impose austerity measures dictated by the EU, as well as indications by Federal Reserve Chairwoman Janet Yellen in congressional testimony this week that the US central bank is likely to delay raising the federal funds rate in response to recent negative economic figures.

OUR GOVERNMENT AS SERVANT OF WALL STREET'S LOOTERS:

The US federal funds rate has been at essentially zero since the beginning of 2009. Together with the central bank’s multi-trillion-dollar “quantitative easing” program, this has helped to inflate a massive stock market bubble that has seen the NASDAQ triple in value since 2009.

This enormous growth in asset values has taken place despite the relatively depressed state of the US economy, which grew at an annual rate of 2.4 percent in 2014. During the entire economic “recovery” since 2010, the US economy has grown at an average rate of 2.2 percent. By comparison, the US economy grew at an average rate of 3.2 percent in the 1990s and 4.2 percent in the 1950s.

The ongoing stock market bubble has led to a vast enrichment of the financial elite: the number of billionaires in the US has nearly doubled since 2009. The financial oligarchy, however, has not used its ever-growing wealth for productive investment, as shown by the decline in business spending in the fourth quarter of last year. Instead, it has either hoarded it or used it to buy real estate, art and luxury goods.

On Thursday, Bloomberg reported that global sales of “ultra-premium” vehicles, costing $100,000 or more, surged by 154 percent, compared with a 36 percent increase in global vehicle sales overall. The report noted, “Rolls-Royce registrations have risen almost five-fold. Almost 10,000 new Bentleys cruised onto the streets last year, a 122 percent increase over 2009, while Lamborghini rode a 50 percent increase to pass the 2,000 vehicle mark.”

Meanwhile, the number of people in poverty in the US remains at record levels. In January, the Southern Education Foundation reported that, for the first time in at least half a century, low-income children make up the majority of students enrolled in American public schools.


THE ENTIRE REASON BEHIND OBAMA'S AMNESTY HOAX IS TO KEEP WAGES DEPRESSED WITH ENDLESS HORDES OF ILLEGALS JUMPING OUR BORDERS!


To the extent that jobs are being created in the US, they are largely part-time, contingent and low-wage, replacing higher-wage jobs eliminated during the 2008 crash. A report published last year by the National Employment Law Project found that while American companies have added 1.85 million low-wage jobs since 2009, they have eliminated 1.83 million medium-wage and high-wage jobs.
Earlier this month, Jim Clifton, head of the Gallup polling agency, denounced claims that the US unemployment rate has returned to “normal” levels. “There’s no other way to say this,” he wrote. “The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.”
“Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the US is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older.”

Clifton added, “I hear all the time that ‘unemployment is greatly reduced, but the people aren’t feeling it.’ When the media, talking heads, the White House and Wall Street start reporting the truth—the percent of Americans in good jobs; jobs that are full time and real—then we will quit wondering why Americans aren’t ‘feeling’ something that doesn’t remotely reflect the reality in their lives.”

Friday, February 27, 2015

BUILDING THE LA RAZA MEXICAN WELFARE STATE ON OUR BACKS: NOW IT'S SOCIAL SECURITY - DHS Secretary Fails to Cite Any Law Authorizing Obama to Give Social Security Numbers to Illegal Aliens | CNS News

DHS Secretary Fails to Cite Any Law Authorizing Obama to Give Social Security Numbers to Illegal Aliens | CNS News


ISN’T THE DEM PARTY THE BANKSTER-FUNDED PARTY FOR THE 1%, OPEN BORDERS and NO LEGAL NEED APPLY?!

“The token social spending measures in the budget are aimed at perpetuating the

fraud that the Democrats are the party of the “middle class”—as opposed to the

pro-business Republicans—in preparation for the 2016 presidential election.”

 


 

THE DEMS WAR ON POVERTY…. MEXICO’S NOT AMERICA’S …. as their bankster paymasters loot Americans wave after wave!

 


 

WELFARE – THE STAGGERING COST OF MEXICO’S LA RAZA WELFARE STATE IN AMERICA. THESE ARE  !ONLY! WELFARE COST AND DO NOT INCLUDE THE COST OF THE MEXICAN CRIME TIDAL WAVE, OR THE ULTIMATE COST OF MEXICO’S ASSAULT ON OUR BORDERS, LAWS AND CULTURE… Push 2 for English!

According to the Centers for Immigration Studies, April '11, at least 70% of Mexican illegal alien families receive some type of welfare in the US!!! cis.org




WELFARE FOR ILLEGALS SOARS UNDER OBAMA… they also get our jobs!

 

http://mexicanoccupation.blogspot.com/2014/06/soaring-welfare-for-illegals-under.html



Most Illegal Immigrant Families Collect Welfare… ALL GET AMERICAN JOBS???

April 05, 2011

 

Surprise, surprise; Census Bureau data reveals that most U.S. families headed by illegal immigrants use taxpayer-funded welfare programs on behalf of their American-born anchor babies.


DEMOCRATS PARTNER WITH REPUBLICANS TO CUT UNEMPLOYMENT BENEFITS AND WELFARE TO AMERICAS…. even as they hand millions of our jobs to voting illegals and expand Mexico’s LA RAZA welfare state off our backs!


Heritage: Amnestied Illegals Will Get $9.4T in Benefits; Increase Debt $6.3T'

…. LA RAZA already gets all our jobs!

what is the REAL cost of all that “CHEAP” Mexican labor? Add it up and then factor in the MEXICAN CRIME TIDAL WAVE and the fact that the MEXICAN  now operate in 2,500 American cities!

 


 

“THE AMNESTY ALONE WILL BE THE LARGEST EXPANSION OF THE WELFARE SYSTEM IN THE LAST 25 YEARS” Heritage Foundation

"The amnesty alone will be the largest expansion of the welfare system in the last 25 years," says Robert Rector, a senior analyst at the Heritage Foundation, and a witness at a House Judiciary Committee field hearing in San Diego Aug. 2. "Welfare costs will begin to hit their peak around 2021, because there are delays in citizenship. The very narrow time horizon [the CBO is] using is misleading," he adds. "If even a small fraction of those who come into the country stay and get on Medicaid, you're looking at costs of $20 billion or $30 billion per year." (ON THE STATE LEVEL ALONE, CA NOW PUTS OUT $28 BILLION PER YEAR IN SOCIAL SERVICES TO ILLGALS)

Obama's 'Hispanicazation' of America

 

 


 

January 10, 2011

 

By: James Walsh

Casting a shadow on economic recovery efforts in the United States is the cost of illegal immigration that consumes U.S. taxpayer dollars for education, healthcare, social welfare benefits, and criminal justice. Illegal aliens (or more politically correct, “undocumented immigrants”) with ties to Mexican drug cartels are contributing to death and destruction on U.S. lands along the southern border.

While the declining job market in the United States may be discouraging some would-be border crossers, a flow of illegal aliens continues unabated, with many entering the United States as drug-smuggling “mules.”


 

THE DEMOCRAT PARTY: BANKSTER-FUNDED PARTY FOR OPEN BORDERS, MEX WELFARE, NO LEGAL NEED APPLY and LA RAZA SUPREMACY!

 

JEFF SESSIONS

“No party can win without working and middle class voters. The path forward for the GOP is to become the party of the American worker. The party of higher wages. The party of full employment.

The Democratic Party has already cast its lot: its members have endlessly enabled the President’s anti-worker policies, including his wage-cutting agenda of uncontrolled immigration and the bleeding of American manufacturing wealth overseas.”

 

THE OBAMA DEPRESSION IS HERE! Record global stock prices reflect growth of financial parasitism

Record global stock prices reflect growth of financial parasitism

THE REALITY OF OBAMA’S IN-SOURCING US INTO A THIRD WORLD DUMPSTER THAT WILL KEEP HIS WALL STREET PAYMASTERS HAPPY AND GENEROUS!


"Wage-cutting, speedup and the imposition of sweat shop conditions are at the heart of Obama’s strategy for doubling US exports by 2015. He has repeatedly boasted of his administration’s success in “insourcing” jobs back to the US, omitting to mention that these jobs often pay half their previous wage."


OBAMANOMICS: WILL OBAMA'S CRONY BANKSTERS DESTROY THE GLOBAL ECONOMY?


"Investment has fallen to historic lows because of the lack of demand and profit opportunities. The decline in investment is leading, in turn, to a further decline in demand and profit expectations."

"Notwithstanding these powerful trends, the stock markets continue to power on, providing a graphic demonstration of the degree to which the accumulation of wealth by global financial elites has become divorced from the actual process of production."


POST-ELECTION GIFT TO ILLEGALS: food stamps

OBMAMA’S LA RAZA WELFARE STATE… plus illegals get all the jobs!

“Since President Obama came into office, SNAP participation has increased at 10 times the rate of job creation, the annual spending on SNAP has doubled, and one in seven Americans now participates in SNAP,”
 
 
http://mexicanoccupation.blogspot.com/2013/04/obama-rushes-to-expand-la-raza-welfare_26.html



WALL STREET’S PERPETUAL BAILOUT and the DEATH of the AMERICAN MIDDLE-CLASS

WALL STREET SURGES … a day closer to the meltdown and another bailout!



STAGGERING EXPLOSION OF POVERTY IN AMERICA …
as Obama eases millions of illegals into our jobs and hands
them billions in welfare!

 


 

OBAMANOMICS: Cut corporate tax, billions in bailouts for Wall Street, Cut Medicare, Social Security and jobs to illegals to keep wages depressed!

……….there is a reason why Wall Street invested so much in Obama and are now buying Hillary Clinton.

 

 

THE IMPENDING GLOBAL DEPRESSION –

OBAMANOMICS AT WORK… even as his crony banksters  loot trillions.

http://mexicanoccupation.blogspot.com/2015/02/did-obamas-crony-banksters-destroy.html

 
AMERICA: NO DAMNED AMERICAN (Legal) NEED APPLY!!!

But we still get the tax bills for Mexico’s welfare state and crime tidal wave in our open borders!

 

CIS: For Every New Job in U.S., Double Number of New Immigrants – Legal and Illegal

http://mexicanoccupation.blogspot.com/2015/02/america-no-legal-need-apply-but-we.html

 

AMNESTY…. THE HOAX TO KEEP WAGES DEPRESSED AND PASS ALONG  THE REAL COST OF ALL THAT “CHEAP” LABOR TO THE BACKS OF THE AMERICAN MIDDLE-CLASS.

 

OBAMA’S BANKSTERS TO THE MEXICAN  GET OFF – BUT THEN UNDER OBAMA ALL BANKSTERS GET OFF!

BUILDING THE OBAMA DICTATORSHIP: BANKSTERS, LA RAZA FASCIST and the MEXICAN … business is good for them under the Obamanation!

 

“Not one banker was prosecuted for illegal involvement in the drugs trade.”

 


 

HSBC documents reveal criminal conspiracy of banks and governments


BANKSTERS TO THE MEXICAN DRUG CARTELS: Obama’s crony banksters at work for the 1%, crooked politicians and the 1% - CALL IT OBAMANOMICS!


http://mexicanoccupation.blogspot.com/2015/02/obama-and-his-crony-criminal-banksters.html

 
Loretta Lynch – DEDICATED SERVANT TO OBAMA’S CRONY CRIMINAL BANKSTERS! Why else would he appoint her?

 

http://mexicanoccupation.blogspot.com/2015/02/obama-and-his-crony-criminal-banksters.html

 

TURNING YOUR PENSION OVER TO THE
 
ILLEGALS? They already have your job!

THE BANKSTER-FUNDED DEMOCRAT PARTY BUILDING THE

LA RAZA “THE RACE” MEXICAN WELFARE STATE ON OUR

BACKS AND CUTTING PENSIONS OF LEGALS AT THE SAME

TIME!


http://mexicanoccupation.blogspot.com/2015/02/assault-on-middle-america-illinois.html

 
CONGRESS:  ILLEGALS SAP TAX DOLLARS

CA alone puts out $28 billion in social services to illegals and that’s on the state level.

 

CONGRESS DECLARES THAT ILLEGALS SAP TAX DOLLARS… SO THEN WHAT WOULD 40 MILLION LEGALIZED MEXICAN LOOTERS DO??? GO OUT AND VOTE GOP?

 






 

Government of, by, and for the banks


25 May 2013
Five years since the 2008 financial meltdown, the speculation and fraud that caused the crash are back in full force in the United States. Flush with the $85 billion in cash printed up and handed to the banks every month by the Federal Reserve, business at the Wall Street casino is booming. Stock values are at record levels and so are bank profits, amidst declining wages and mass poverty.
Big Banks Get Break in Rules to Limit Risks
OBAMA-STYLE CRONY CAPITALISM… business as usual for Obama’s banksters!
OBAMA AND HIS CRIMINAL BANKSTERS… THE LOOTING GOES ON, AND AS PER OBAMA’S PROMISE…NONE HAVE GONE TO PRISON!
more at this link – post on your Facebook and email broadcast
“The changes to the rule, which will be announced on Thursday, could effectively empower a few big banks to continue controlling the derivatives market, a main culprit in the financial crisis.”
WALL STREET LOOTERS!
GOOD TIME TO HAND AMNESTY TO 40 MILLION LOOTING MEXICANS AND LET THE DEMS EXPAND THE LA RAZA WELFARE STATE IN OUR BORDERS???

Wall Street profits and the widening social divide in America

more at this link – post on your Facebook and email broadcast

http://mexicanoccupation.blogspot.com/2013/07/crony-capitalism-how-obama-looted.html

17 July 2013
The profits of the biggest US banks continued to swell in the second quarter of this year, even as the impact of five years of mass unemployment, stagnant economic growth and brutal cuts in social spending produced a further rise in poverty, homelessness and hunger.



 

Income inequality grows FOUR TIMES FASTER under Obama than Bush




The study noted that, in the aftermath of the Great Depression, the US undertook policies “during the New Deal [that] permanently reduced income concentration until the 1970s.” In contrast, the study noted a striking absence of any measures to reign in social inequality in the present crisis. Far from it, the Obama administrations’ bank bailouts, austerity program and wage-cutting policies have vastly expanded the prevalence of social inequality.

 


JOBS – WORST UNDER OBAMA SINCE THE DEPRESSION ...meanwhile millions of Mexicans have jumped our borders and jobs for obamacare, LA RAZA welfare, anchor baby welfare and to vote dem for more!!!

more at this link – post on your Facebook and email broadcast

 

http://mexicanoccupation.blogspot.com/2013/08/two-thirds-of-all-jobs-under-obama-go.html



DURING OBAMA’S FIRST TERM 2/3s OF ALL JOBS WENT TO
 
IMMIGRANTS, BOTH LEGAL AND ILLEGAL. FEDERAL WORKPLACE
 
ENFORCEMENT of LAWS PROHIBITING THE EMPLOYMENT of ILLEGALS
 
PLUMMETED 70%... AND OBAMA - HOLDER SABOTAGED E-VERIFY
 
EVERYWHERE THEY COULD TO EASE MORE LA RAZA INTO OUR JOBS!
 

AMNESTY….LA RAZA IS PRINTING OUT FRAUD I.D.s BY THE MILLIONS.

"They hauled them down to the border," Sakuma said. "Three days later, they were standing in our office, but they had a different name and a different Social Security number."


 
 
 

 

Thursday, February 26, 2015

NARCOMEX TUNNEL FOUND ON SEN. JOHN "McAMNESTY" McCAIN'S BORDER

Drug Smuggling Tunnel Found After $3 Million Pot Bust on Border

http://www.breitbart.com/texas/2015/02/26/hold-ready-drug-smuggling-tunnel-found-after-3-million-pot-bust-on-border/







Federal agents discovered an underground tunnel crossing the border into Mexico from Naco, Arizona on Tuesday as part of an investigation after a traffic stop that yielded over two tons of marijuana, with a value of approximately $3 million.

According to a press release by U.S. Customs and Border Protection (CBP), special agents with U.S. Immigration and Customs Enforcement’s (ICE) Homeland Security Investigations (HSI) got a tip about a large shipment of marijuana being moved. The HSI officers contacted the local Bisbee, Arizona Police Department (BPD), and BPD pulled over a box truck at about 6:30 pm on the outskirts of the city.

 

A Tucson Sector Border Patrol canine team assisted BPD in the traffic stop, and their dogs alerted to the rear of the truck. When the truck was searched, more than 4,700 pounds of marijuana was found, in stacked bundles. The driver of the box truck was arrested, but authorities had not yet released his name.

 

Bisbee Police Staff Sergeant Robert Coronado thanked HSI and the Border Patrol for their assistance, saying, “The Bisbee Police Department supports the efforts of its local officers and appreciates the continued support of the U.S. Border Patrol and HSI, which provide assistance on a regular basis.”

 

Other evidence uncovered by BPD and the Border Patrol led to a warrant being issued to search a residence in nearby Naco, Arizona, which is about 10 miles south of Bisbee and directly on the border with Mexico.

 

HSI and Border Patrol agents arrived at the Naco residence shortly before dawn on Tuesday and discovered the entrance to a tunnel in a small shed at the edge of the property. A suspect at the residence was also arrested and detained.

 

Border Patrol’s specially trained tunnel team examined the tunnel, which was highly sophisticated. Investigators found a cement shaft at the entrance, equipped with a hydraulic lift. The corridor to the tunnel on the U.S. side is large enough for an adult to stand upright and is shored-up with wooden supports.

 

Concerns about air quality in the tunnel stopped investigators from continuing through the tunnel’s full length, but they notified authorities in Mexico, who are working to ascertain where the Mexican entrance to the tunnel is located.

 

“With this discovery we’ve dealt another significant blow to the Mexican drug cartels and proven yet again that going underground is not a workaround to evade law enforcement,” said Matthew Allen, special agent in charge of HSI Arizona. “Last night’s chain of events is also a testament to the outstanding unity of effort by federal and local investigators in Arizona who are committed to combatting this threat.”

 

“When partnered law enforcement agencies come together, the odds are greatly increased that criminal organizations will have less success,” said Tucson Sector Chief Patrol Agent Manuel Padilla Jr. “Not only is it a win-win situation for law enforcement partners, we also make the communities in which we live and serve safer.”

 

“Cross-border tunnels continue to be a tried-and-true smuggling method for Mexican drug cartels that U.S. authorities just can’t seem to make a dent in,” said Sylvia Longmire, Breitbart Texas’ border security expert and contributing editor. “They’re notoriously difficult to detect, with as many as half of them found through anonymous tips rather than tunnel detection technology or human sources. Federal agencies are saying this discovery is a significant blow to the cartels, but in truth, there are likely many more tunnels in southern Arizona and California we don’t know about, and cartels are well-funded enough to just begin construction on another one to replace this one.”

Drug smuggling tunnel on Mexico border, Naco, ArizonaAccording to CBP, U.S. authorities have found and dismantled more than 80 cross-border smuggling tunnels. Breitbart Texas previously reported on tunnels found in Nogales, Arizona, San Diego California, and El Paso, Texas. In addition to smuggling drugs, the tunnels are also often used for human trafficking.

Follow Sarah Rumpf on Twitter @rumpfshaker.

 

MEXICO’S INVASION, OCCUPATION, LOOTING and EVER EXPANDING WELFARE STATE ON OUR BACKS:

Sen. John McCain looks for wars all over the globe and fights for open borders with Mexico despite the invasion his own state of Arizona has suffered!

 


 

“We cannot afford all this illegal immigration and everything that comes with it. Everything from the crime to the drugs and the kidnappings and extortion and the beheadings and the fact that people can't feel safe in their  communities.”  - AZ Gov. Jan Brewer

USA TODAY, gaining the data from U.S. Immigration and Customs Enforcement (ICE) through the Freedom of information Act, reports that some of the illegal immigrants had been charged with kidnapping, sexual assault, drug trafficking, and homicide.

 


 
HSBC documents reveal criminal conspiracy of banks and governments
 
BANKSTERS TO THE MEXICAN DRUG CARTELS: Obama’s crony banksters at

work for the 1%, crooked politicians and the 1% - CALL IT OBAMANOMICS!


http://mexicanoccupation.blogspot.com/2015/02/obama-and-his-crony-criminal-banksters.html

 
Drug smuggling tunnel on Mexico border, Naco, Arizona

POVERTY SOARS UNDER OBAMA AS HE EASES MILLIONS OF ILLEGALS INTO OUR JOBS AND HANDS THEM BILLIONS IN WELFARE! Child poverty at devastating levels in US cities and states

Child poverty at devastating levels in US cities and states


THE REALITY OF OBAMA’S IN-SOURCING US INTO A THIRD WORLD DUMPSTER THAT WILL KEEP HIS WALL STREET PAYMASTERS HAPPY AND GENEROUS!


"Wage-cutting, speedup and the imposition of sweat shop conditions are at the heart of Obama’s strategy for doubling US exports by 2015. He has repeatedly boasted of his administration’s success in “insourcing” jobs back to the US, omitting to mention that these jobs often pay half their previous wage."


OBAMA’S ASSAULT ON AMERICA’S YOUTH: Will he finish off the American middle-class?
 

http://mexicanoccupation.blogspot.com/2015/01/but-is-it-another-obama-lie-obama.html

 

OBAMANOMICS AT WORK:

Child poverty at devastating levels in US cities and states

By Patrick Martin
26 February 2015
Reports issued over the past week suggest that child poverty in America is more widespread than at any time in the last 50 years. For all the claims of economic “recovery” in the United States, the reality for the new generation of the working class is one of ever-deeper social deprivation.

The Annie E. Casey Foundation publishes the annual Kids Count report on child poverty, which was the source of state-by-state reports issued last week. These reports use the new Supplemental Poverty Measure, developed by the Census Bureau, which includes the impact of government benefit programs like food stamps and unemployment compensation, as well as state social programs, and accounts for variations in the cost of living as well.

The result is a picture of the United States with a markedly different regional distribution of child poverty than usually presented. The state with the highest child poverty rate is California, the most populous, at a staggering 27 percent, followed by neighboring Arizona and Nevada, each at 22 percent.

The child poverty rate of California is much higher than figures previously reported, because the cost of living in the state is higher. Moreover, many of the poorest immigrant families are not enrolled in federal social programs because they are undocumented or face language barriers. The same conditions apply in Arizona and Nevada.

The other major centers of child poverty in the United States are the long-impoverished states of the rural Deep South, and the more recently devastated states of the industrial Midwest, where conditions of life for the working class have deteriorated the most rapidly over the past ten years.

It is a remarkable fact, documented in a separate report issued February 23 by the Catholic charity Bread for the World, that African-American child poverty rates are actually worse in the Midwest states of Iowa, Ohio, Michigan, Wisconsin and Indiana than in the traditionally poorest parts of the Deep South, including Mississippi, Louisiana and Alabama.

Several of the Midwest states have replaced Mississippi at the bottom of one or another social index. Iowa has the worst poverty rate for African-American children. Indiana has the highest rate of teens attempting or seriously considering suicide.

The most remarkable transformation is in Michigan, once the center of American industry with the highest working-class standard of living of any state. Michigan is the only major US state whose overall poverty rate is actually worse now than in 1960.

This half-century of decline is a devastating indictment of the failure of the American trade unions, which have collaborated in the systematic impoverishment of the working class in what was once their undisputed stronghold.

The United Auto Workers, in particular, did nothing as dozens of plants were shut down and cities like Detroit, Pontiac, Flint and Saginaw were laid waste by the auto bosses. Meanwhile, the UAW became a billion-dollar business, its executives controlling tens of billions in pension and benefit funds, while the rank-and-file workers lost their jobs, their homes and their livelihoods.

In Detroit, once the industrial capital of the world’s richest country, the child poverty rate was 59 percent in 2012, up from 44.3 percent in 2006.

The social catastrophe facing the population in Detroit also exposes the role of the Democratic Party and the organizations around it that have for decades promoted identity politics—according to which race, and not class, is the fundamental social category in America. The city, like many throughout the region, has been run by a layer of black politicians who have overseen the shocking decay in the social position of African-American workers and youth. (See, "Half a million children in poverty in Michigan".)

Cleveland, also devastated by steel and auto plant closings, was the only other major US city with a child poverty rate of over 50 percent.

The Detroit figure undoubtedly understates the social catastrophe in the Motor City, since it comes from a study concluded before the state-imposed emergency manager put the city into bankruptcy in the summer of 2013, leading to drastic cuts in wages, benefits and pensions for city workers and retirees.

Wayne County, which includes Detroit, had the highest child poverty rate of any of Michigan’s 82 counties. Southeast Michigan, which includes the entire Detroit metropolitan area, endured an overall rise in child poverty rates from 18.9 percent in 2006 to 27 percent in 2012.

The state-by-state reports issued by Kids Count were accompanied by a press release by the Casey Foundation noting that the child poverty rate in the United States would nearly double, from 18 percent to 33 percent, without social programs like food stamps, school meals, Medicaid and the Earned Income Tax Credit.

This was issued as a warning of the effect of widely expected budget cuts in these critical programs. It coincided with the first hearing before the House Agriculture Committee on plans to attack the federal food stamp program by imposing work requirements and other restrictions to limit eligibility.

The food stamp program has already suffered through two rounds of budget cuts agreed on in bipartisan deals between the Obama White House and congressional Republicans, which cut $1 billion and $5 billion respectively from the program. Now that Republicans control both houses of Congress, they will press for even more sweeping cuts in a program that helps feed 47 million low-income people, many of them children.



PAT BUCHANAN: Obama’s surrender of American borders to
NARCOMEX.


 

OBAMANOMICS: Cut corporate tax, billions in bailouts for
Wall Street, Cut Medicare, Social Security and jobs to illegals
to keep wages depressed!

……….there is a reason why Wall Street invested so much in Obama and are now buying Hillary Clinton.

 

 

THE IMPENDING GLOBAL DEPRESSION –

OBAMANOMICS AT WORK… even as his crony banksters  loot trillions.

http://mexicanoccupation.blogspot.com/2015/02/did-obamas-crony-banksters-destroy.html

 
AMERICA: NO DAMNED AMERICAN (Legal) NEED APPLY!!!

But we still get the tax bills for Mexico’s welfare state and crime tidal wave in our open borders!

 

http://mexicanoccupation.blogspot.com/2015/02/america-no-legal-need-apply-but-we.html

 

CIS: For Every New Job in U.S., Double Number of New Immigrants – Legal and Illegal

AMNESTY…. THE HOAX TO KEEP WAGES DEPRESSED AND PASS ALONG  THE REAL COST OF ALL THAT “CHEAP” LABOR TO THE BACKS OF THE AMERICAN MIDDLE-CLASS.

CONGRESS:  ILLEGALS SAP TAX DOLLARS

CA alone puts out $28 billion in social services to illegals and that’s on the state level.

 

CONGRESS DECLARES THAT ILLEGALS SAP TAX DOLLARS… SO THEN WHAT WOULD 40 MILLION LEGALIZED MEXICAN LOOTERS DO??? GO OUT AND VOTE GOP?

 









MITT ROMNEY:

“Under President Obama the rich have gotten richer, income inequality has gotten worse and there are more people in poverty in American than ever before,” Mr. Romney said, according to The New York Times.

Romney laid out three pillars for a potential new campaign, according to the Associated Press, which would focus on national security, providing more opportunity to the middle class, and “breaking the scourge of poverty.”

"It's a tragedy, a human tragedy, that the middle class in this country by and large doesn't believe that the future will be better than the past."

 
http://mexicanoccupation.blogspot.com/2015/01/will-mitt-romney-rebuild-american.html



LUIS GUTIERREZ and the LA RAZA SUPREMACY MOVEMENT: building Mexico’s welfare state on the American people’s backs!

 



BARACK OBAMA and 50 MEXICAN CONSULATES PARTNER TO LOOT AMERICA….billions and billions while American go without jobs, medical insurance or help in rebuilding the American middle class destroyed by Washington’s paymasters on Wall Street and South of the NARCOMEX border


http://mexicanoccupation.blogspot.com/2015/01/mexican-consulates-orchestrat-la-razas.html



Income inequality grows FOUR TIMES FASTER under Obama than Bush


The study noted that, in the aftermath of the Great Depression, the US undertook policies “during the New Deal [that] permanently reduced income concentration until the 1970s.” In contrast, the study noted a striking absence of any measures to reign in social inequality in the present crisis. Far from it, the Obama administrations’ bank bailouts, austerity program and wage-cutting policies have vastly expanded the prevalence of social inequality.

US economy in deflation and slump


THE DEMOCRAT PARTY: BANKSTER-FUNDED PARTY FOR OPEN BORDERS, MEX WELFARE, NO LEGAL NEED APPLY and LA RAZA SUPREMACY!

 

SEN. JEFF SESSIONS

“No party can win without working and middle class voters. The path forward for the GOP is to become the party of the American worker. The party of higher wages. The party of full employment.

The Democratic Party has already cast its lot: its members have endlessly enabled the President’s anti-worker policies, including his wage-cutting agenda of uncontrolled immigration and the bleeding of American manufacturing wealth overseas.”

 



WILL OBAMA CAUSE THE IMPENDING GLOBAL  ECONOMIC MELTDOWN?



"Notwithstanding these powerful trends, the stock markets continue to power on, providing a graphic demonstration of the degree to which the accumulation of wealth by global financial elites has become divorced from the actual process of production."

 

"These figures belie official claims that the US is an economically healthy counterbalance to the overall slump and deflation that now encompasses most of the world. In fact, US economic growth, hampered by an enormous impoverishment of the working class in the years following the financial crisis, remains far below previous historical averages."


THE 1% HAS DONE VERY WELL UNDER OBAMA!



On Thursday, Bloomberg reported that global sales of “ultra-premium” vehicles, costing $100,000 or more, surged by 154 percent, compared with a 36 percent increase in global vehicle sales overall. The report noted, “Rolls-Royce registrations have risen almost five-fold. Almost 10,000 new Bentleys cruised onto the streets last year, a 122 percent increase over 2009, while Lamborghini rode a 50 percent increase to pass the 2,000 vehicle mark.”

US economy in deflation and slump

By Andre Damon
28 February 2015
The US Commerce Department said Friday that Gross Domestic Product, the broadest measure of economic output, grew by only 2.2 percent in the fourth quarter of last year, down from an earlier estimate of 2.6 percent and a sharp fall from earlier quarters.

This followed the announcement by the Labor Department on Thursday that consumer prices fell by 0.7 percent, the largest fall since December 2008. Over the past 12 months, prices have fallen by 0.1 percent, the first annual deflation figure posted since October 2009.

These figures belie official claims that the US is an economically healthy counterbalance to the overall slump and deflation that now encompasses most of the world. In fact, US economic growth, hampered by an enormous impoverishment of the working class in the years following the financial crisis, remains far below previous historical averages.

On Tuesday, Standard and Poor’s said that its Case-Shiller Index showed that home prices grew by 4.6 percent over the past year, the slowest housing price increase since 2011. “The housing recovery is faltering,” David Blitzer, chairman of the index committee at S&P Dow Jones, told the Los Angeles Times. “Before the recession, anytime housing starts were at their current level… the economy was in a recession.”

Meanwhile the number of people in the US newly filing for jobless benefits jumped by 31,000 to 313,000 last week, in the largest increase since December 2013, reflecting a series of mass layoffs and business closures announced this month.

On February 4, office supply retailer Staples announced plans to buy its rival Office Depot, which would result in the closure of up to a thousand stores and tens of thousands of layoffs. The next day, electronics retailer RadioShack filed for bankruptcy, saying it plans to close up to 3,500 stores.

Mass layoffs have also been announced at online marketplace eBay, credit card company American Express, the oilfield services companies Schlumberger and Baker Hughes, as well as the retailers J.C. Penney and Macy’s.

These disastrous economic developments come even as the Dow Jones Industrial Average hit an all-time record of 18,140 on Wednesday, though it retreated slightly later in the week. Worldwide, the FTSE All-World Index is near its highest level in history.

The rise in global stock indices reflects the satisfaction of global financial markets with the pledge by the Syriza-led Greek government to impose austerity measures dictated by the EU, as well as indications by Federal Reserve Chairwoman Janet Yellen in congressional testimony this week that the US central bank is likely to delay raising the federal funds rate in response to recent negative economic figures.

OUR GOVERNMENT AS SERVANT OF WALL STREET'S LOOTERS:

The US federal funds rate has been at essentially zero since the beginning of 2009. Together with the central bank’s multi-trillion-dollar “quantitative easing” program, this has helped to inflate a massive stock market bubble that has seen the NASDAQ triple in value since 2009.

This enormous growth in asset values has taken place despite the relatively depressed state of the US economy, which grew at an annual rate of 2.4 percent in 2014. During the entire economic “recovery” since 2010, the US economy has grown at an average rate of 2.2 percent. By comparison, the US economy grew at an average rate of 3.2 percent in the 1990s and 4.2 percent in the 1950s.

The ongoing stock market bubble has led to a vast enrichment of the financial elite: the number of billionaires in the US has nearly doubled since 2009. The financial oligarchy, however, has not used its ever-growing wealth for productive investment, as shown by the decline in business spending in the fourth quarter of last year. Instead, it has either hoarded it or used it to buy real estate, art and luxury goods.

On Thursday, Bloomberg reported that global sales of “ultra-premium” vehicles, costing $100,000 or more, surged by 154 percent, compared with a 36 percent increase in global vehicle sales overall. The report noted, “Rolls-Royce registrations have risen almost five-fold. Almost 10,000 new Bentleys cruised onto the streets last year, a 122 percent increase over 2009, while Lamborghini rode a 50 percent increase to pass the 2,000 vehicle mark.”

Meanwhile, the number of people in poverty in the US remains at record levels. In January, the Southern Education Foundation reported that, for the first time in at least half a century, low-income children make up the majority of students enrolled in American public schools.


THE ENTIRE REASON BEHIND OBAMA'S AMNESTY HOAX IS TO KEEP WAGES DEPRESSED WITH ENDLESS HORDES OF ILLEGALS JUMPING OUR BORDERS!


To the extent that jobs are being created in the US, they are largely part-time, contingent and low-wage, replacing higher-wage jobs eliminated during the 2008 crash. A report published last year by the National Employment Law Project found that while American companies have added 1.85 million low-wage jobs since 2009, they have eliminated 1.83 million medium-wage and high-wage jobs.
Earlier this month, Jim Clifton, head of the Gallup polling agency, denounced claims that the US unemployment rate has returned to “normal” levels. “There’s no other way to say this,” he wrote. “The official unemployment rate, which cruelly overlooks the suffering of the long-term and often permanently unemployed as well as the depressingly underemployed, amounts to a Big Lie.”
“Gallup defines a good job as 30+ hours per week for an organization that provides a regular paycheck. Right now, the US is delivering at a staggeringly low rate of 44%, which is the number of full-time jobs as a percent of the adult population, 18 years and older.”

Clifton added, “I hear all the time that ‘unemployment is greatly reduced, but the people aren’t feeling it.’ When the media, talking heads, the White House and Wall Street start reporting the truth—the percent of Americans in good jobs; jobs that are full time and real—then we will quit wondering why Americans aren’t ‘feeling’ something that doesn’t remotely reflect the reality in their lives.”


OBAMA and HIS CRIMINAL BANKSTERS –
 
THEIR CRIMES ARE MUCH WORSE THAN
 
WE THOUGHT!


“…and we may even have gotten a glimpse or two of a banking system that uses computerized insider trading programs to steal from everyone who has an IRA or a mutual fund or any stock at all by manipulating markets like the NYSE”.





CRONY KING OBAMA: CURL: The Obamas
live the 1 percent life


 

SOARING POVERTY IN AMERICA – SENIORS SUFFER AS OBAMA and the LA RAZA DEMS BUILD THE LA RAZA MEXICAN WELFARE STATE and HAND THE TAX BILLS FOR ALL OBAMA’S BANKSTERS’ LOOTING to the AMERICAN MIDDLE CLASS!

 
 
Fed projects high US unemployment into 2015…so they keep the borders open for hordes more illegals, and continue to import boatloads of Indians and Chinese for tech jobs!

By CHRISTOPHER S. RUGABER

WASHINGTON (AP) — The Federal Reserve foresees unemployment remaining high into 2015, suggesting it will keep short-term interest rates near record lows at least until then.


 

*

THOMAS PEREZ – LA RAZA SUPREMACIST

WHO IS OBAMA’S LATEST LA RAZA FASCIST FOR SECRETARY of LABOR?


*

THE REALITY OF OBAMA’S IN-SOURCING US INTO A THIRD WORLD DUMPSTER THAT WILL KEEP HIS WALL STREET PAYMASTERS HAPPY AND GENEROUS!


"Wage-cutting, speedup and the imposition of sweat shop conditions are at the heart of Obama’s strategy for doubling US exports by 2015. He has repeatedly boasted of his administration’s success in “insourcing” jobs back to the US, omitting to mention that these jobs often pay half their previous wage."


OBAMA’S SORDID CONNECTION WITH AMERICA’S 9-11 INVADING SAUDIS: Does he kiss their hems for presidential library bribes like Hillary-Billary and the Bush crime family?



 

OBAMA AND HIS SAUDI PAYMASTERS… is he worse than Hillary – Billary or the Bush crime family???