HE
IS ONE OF THE MOST CORRUPT AND INCOMPETENT CON-JOBS TO OPERATE OUT OF THE WHITE
HOUSE. WHILE HIS CRIMINAL BANKSTER
DONORS LOOTED, HE SABOTAGED OUR BORDERS TO EASE MORE ILLEGALS INTO OUR JOBS AND
VOTING BOOTHS. THEN HE RETURNED TO HIS ASSAULT ON THE AMERICAN WORKER!
"In every aspect of domestic and international policy, Obama has continued and escalated the policies of his Republican predecessor. He has gone beyond Bush in slashing social programs, waging aggressive war, and attacking democratic rights—including officially ordering the assassination of American citizens."
THE YEAR WAS 2009…
At the town hall in New Orleans, Obama appealed for patience. He said, “Change is hard, and big change is harder.” Is that the excuse? Now where have I heard that before? Oh, yeah. From George Bush.
THE STAGGERING REALITYOF OBAMANOMICS - BARACK OBAMA'S LOOTING of AMERICA FOR THE RICH and ILLEGALS
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.
By
Nick Barrickman
3 September 2013
US income inequality grew four times faster in the first three years of
the Obama Administration than under Bush, according to figures published
Saturday in the New York Times .
The Times reached this conclusion by comparing the median wage—which
measures the income of a household in the middle of the income scale—and the
average wage, which tallies all income and divides it by the number of earners.
As society has grown more unequal, the average wage has grown relatively more
quickly, while median wages have grown more slowly, and stagnated in real
terms.
This is exactly what has happened. As the newspaper reports, “From 2001
through 2008, during the George W. Bush administration,” the ratio of mean to
median income “grew at 0.28 percentage point per year. From 2009 through 2011,
the latest year for which the data is available, the ratio increased 1.14
percentage points annually, or roughly four times faster.”
These figures add to earlier studies showing that growth in income
during the so-called economic “recovery” has gone almost exclusively to the
wealthiest layers of society. A study released earlier this year, entitled
“Striking it Richer: The Evolution of Top Incomes in the United States” by
University of California, Berkeley economist Emmanuel Saez, shows that, since
the recession was officially declared to be over in 2009, 93 percent of all
income gains have gone to the top 1 percent, while the incomes of the rest of
the population have remained stagnant.
According to the study, since 2010 the top 1 percent of society have
seen an income growth of 11.6 percent, while the rest of the population’s
incomes have grown by a dismal 0.2 percent.
Similarly, though the uppermost layers of society saw a bigger hit to
their incomes in the immediate aftermath of the financial collapse, their share
of income growth returned to an all-time high in the following years, with the
top 10 percent of society claiming nearly half of all income in 2010.
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.
Last month the Census Bureau noted a significant growth in the
percentage of households in the US which have at least one unemployed family
member. The report, entitled America’s Families and Living Arrangements:
2012, found that from 2005 to 2011, the number of households with children
under 18 where at least one parent was unemployed rose from 2.4 million to 3.2
million. In some states, the increase was much higher. Nevada had a 148 percent
increase in families affected by unemployment, Hawaii had a 95 percent
increase, and California had a 61 percent increase.
The report also noted that the number of households with children that
owned their own homes plunged by 15 percent during the same time period.
There was also a significant increase in the number of young people
living with their parents, resulting from a fall in incomes and reduced job
prospects. The percent of men aged 25 to 34 living in their parents’ homes
increased from 13 percent in the early 2000s to 17 percent in 2012. The report
also noted that food stamp usage by children of married parents nearly
tripled—from 4 percent to 11 percent—since 2002.
The so-called economic “recovery” has led to falling wages, speedups and
increasingly casualized labor. The jobs which have accounted for the majority
of employment since the end of the recession have been composed mainly of
part-time and low-paying service industry work.
According to data from the Bureau of Labor Statistics, in the period
from June to July of this year, over 148,000 full-time jobs were eliminated,
while in their place over 534,000 part-time positions were added.
Last year the National Employment Law Project released a report finding
that 60 percent of all positions added to payrolls since 2008 have been
classified as “low-wage,” paying between $7.69 and $13.83 per hour. Likewise,
“middle-income jobs,” those accounting for the majority of positions lost
during the financial crisis, have made up barely 20 percent of jobs added
during the “recovery.”
*
OBAMA’S CRONY CAPITALISM – A NATION
RULED BY CRIMINAL WALL STREET BANKSTERS AND OBAMA DONORS
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.
THE
BANKSTERS’ LOOTING of DETROIT… THEIR LOOTING OF AMERICA AND OBAMA IS LEADING
WALL STREET’S GANG RAPE of A PILLAGED NATION!
BARACK OBAMA, LA RAZA FASCISM and the
CULTURE of DEM CORRUPTION
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.)”
more at this link – post on your Facebook and email broadcast
http://mexicanoccupation.blogspot.com/2013/06/the-democrat-party-party-for-illegals.html
*
THE
OBAMA DOCTRINE: No Legal Need Apply!
JUDICIAL
WATCH on OBAMA’S SABOTAGE of HOMELAND SECURITY
“This
appears to be part of the Obama Administration’s bigger plan to blow off
Congress by using its executive powers to grant illegal immigrants backdoor
amnesty.”
Zogby: Obama is on the verge of failure
JUNE
21, 2013
more
at this link – post on your Facebook and email
broadcast
Pollster John Zogby
reports in our weekly White House report card that dithering in the White House
has President Obama losing control of his agenda and administration.
…no
president in American history has filled his pockets with more criminal
bankster money than Barack Obama!
more at this link – post on your Facebook and email broadcast
In this way, the financial elite intends to divert an estimated
$1.4 trillion in unfunded pension money owed to retired workers to pay off the
big banks and hedge funds that control the municipal bond and derivatives
market...AND IT IS HAPPENING ALL OVER THE NATION!
*
THE
OBAMA and WALL STREET ASSAULT ON AMERICA… YOUR CITY IS NEXT!
This
report is another example of the obscene concentration of wealth in America
that has raised inequality to a level not seen in more than a century. Wages
for workers in the United States are at their lowest level since the 1950s.
more at this link – post on your Facebook and email broadcast
OBAMA’S CRONY
CAPITALISM – HOW HE LOOTED AMERICAN ON BEHALF OF HIS LOOTING WALL STREET
CONTRIBUTORS
Crony Capitalism Protects
Wrongdoers, Harms Consumers, and Disrupts Markets
May 9, 2013
Thanks to a renewed interest in the works of Ayn Rand and high-profile
figures like John Stossel, Glenn Beck, and Rand Paul, libertarianism is
enjoying a moment in the political sun. And just like America's two major
parties, libertarians can often be blind to faulty logic and flaws within their
own ideology. Timothy P. Carney recently wrote a piece for The Atlantic
discussing this very problem:
"Voters despise government officials who get in bed with corporations.
But what about corporations who cozy up to government? Are companies who use
cronyism to grow their profit acting unethically?
The question makes some free-marketeers uneasy. After all, we not only
tolerate the fierce pursuit of profit, but also we defend it against taxes and
heavy-handed regulation. Milton Friedman famously said, 'The social
responsibility of business is to increase its profits.'
But in the age of crony capitalism, libertarians must declare that some
means of pursuing profit are immoral and call on executives to reject them.
This would create a positive case for capitalism – arguing that the pursuit of
profit, in the context of fair and open competition, helps the whole society.
The new corporate social responsibility, redefined for libertarians, must stand
athwart crony corporatism yelling 'stop.'"
Lest his readers underestimate the influence and scope of crony capitalism,
Carney provides a thumbnail sketch of the practice in action over the last
decade. Seeing our government's extensive network of corporate
welfare laid out in black and white is sobering, to say the least:
"The 2005 and 2007 energy bills
required drivers to buy ethanol, created a government loan-guarantee program
for private sector green-energy projects, and effectively outlawed the
traditional incandescent light bulb. . . . Then, 2008 saw an avalanche of
corporate bailouts: Bear Stearns, AIG, Fannie Mae and Freddie Mac. Then the
TARP bailed out all of Wall Street, and later General Motors and Chrysler.
Obama came to power in 2009 and signed an $800 billion stimulus bill
supported by the Chamber of Commerce and loaded with goodies for the likes of
Google and Solyndra. Obama pushed cap-and-trade with the support of the U.S.
Climate Action Partnership, a corporate coalition led by GE, which had set up a
business to create and trade greenhouse-gas credits.
In June 2009, Obama signed the Family
Smoking Prevention and Tobacco Control Act, a regulatory measure that Philip
Morris supported and reportedly helped write. ... The drug lobby wrote
significant parts of Obamacare, and the hospital lobby liked the bill enough to
file an amicus curiae brief with the Court defending the law from its challenge
by states and the small business lobby.
Boeing and the Chamber of Commerce launched a full-court lobbying push in
2011 to save and expand the Export-Import Bank, the government agency Obama
loves using to subsidize U.S. Exports – including lots of Boeing jets. In a
lesser-known case of regulatory profiteering, Obama hired H&R Block's CEO
to a top position at the IRS, where he crafted new regulations on tax preparers
– rules which H&R Block supported and small tax preparers sued to
overturn."
Regardless of where your political
sympathies lie, it's undeniable that there is an unhealthy and unholy alliance
between well-heeled special interests and politicians and policymakers. It's all well and good to embrace Ms. Rand's philosophy of self-seeking
individualism in theory, but when this mentality insinuates itself into the
markets unchecked by moral and ethical principles, the results are antithetical
to freedom and fairness.
Basically, the special interests invest in political campaigns as a cost of
doing business, and they expect a handsome return on their investments. As Mr.
Carney explains, that usually comes in the form of pet legislation, subsidies,
tax breaks, limitations on liability, preferential treatment . . . the list
goes on and on. Of course, politicians are only too happy to accommodate these
special interests in exchange for political contributions that help cement and
perpetuate their power.
As a result, the free market is stymied; it can't do what it's designed by
nature to do, which is to sift good companies from bad ones, reward efficiency
and innovation, and empower consumers with authentic choice in the marketplace.
In effect, crony capitalism is a form of central planning, something that
libertarians and conservatives historically eschew.
The lack of accountability of the cronies is particularly damaging.
Defenders of free-market capitalism generally maintain that accountability and
responsibility must run hand in hand in order for markets to operate
effectively. If wrongdoers are not held accountable, their wrongdoing will
multiply and the whole system will be corrupted. Unfortunately, many
free-market apologists in the political arena are only too ready to offer a
double standard to their corporate benefactors.
Consequently, we wind up with the excesses that characterized firms like
AIG, Fannie Mae, and Enron; we end up with lives lost due to malfeasance at the
hands of mining companies and peanut companies, from drugs that cause injury
and death and products that explode or fail and cause harm.
We have an epidemic of malpractice and abuse and neglect in nursing homes
because wrongdoers aren't held fully accountable. All of this is a direct
result of corporations taking shortcuts and playing Russian roulette with
consumer safety because they know they will be shielded from accountability if
something goes wrong.
As Madison said, "If men were angels, government wouldn't be
necessary." Well, they aren't, and we do. The world "regulation"
is an anathema to free-market apologists, but it shouldn't be. Proper
government regulation and consumer protections are essential to ensure an
ethical marketplace.
The fewer regulations we have, the more consumer protection mechanisms we
need, and vice versa. This is precisely the purpose of America's civil justice
system. It is wrong for corporations to lobby for fewer regulations while
simultaneously perverting policy so that they are insulated from accountability
in the civil justice arena when they err. When this is allowed to happen,
corporate America runs amok and consumers are harmed.
Mr. Carney is correct when he says that the case for capitalism must rest
on the willingness of free-marketeers to demand ethical conduct from
corporations and politicians alike. Our current economic and political problems
aren't just the fault of President Obama, or Nancy Pelosi or any other big
government bogey.
The sooner libertarians and conservatives alike recognize this, the sooner
we can get our economy and our government back on the right track, and given
the enormity of the challenges facing us over the next several decades, this
can't happen soon enough.
OBAMA and his culture of BANKSTER LOOTING
of America.
Is Penny Pritzker Obama’s newest
BANKSTER?
Obama warns against “cynicism” at
Ohio State commencement address
do a google of Obama’s BIG BANKSTER DONORS and you
will find a list of the banks that have looted this nation, yet found a place
in the corrupt Obama administration!
*
OBAMA’S
BILLIONAIRE NOMINEE FOR COMMERCE, PENNY PRITZKER… BILLION$$$$ MADE OFF HIRING
CHEAP ILLEGAL LABOR??? show me even one dem billionaire that does not push for
obama’s agenda of OPEN BORDERS, NO E-VERIFY and NO ENFORCEMENT of LAWS
PROHIBITING THE EMPLOYMENT of ILLEGALS…even one!
Based
in Chicago, Pritzker operates an international empire based on low-wage service
work in Hyatt-operated hotels and nursing
PART OF OBAMA’S CRONISM IS OPEN BORDERS, NO E-VERIFY AND NO
JOBS FOR LEGALS. EXACTLY THE SAME POLICIES THE U.S. CHAMBER of COMMERCE
FOLLOWS. IT’S ALL ABOUT KEEPING WAGES DEPRESSED FOR HIS CRONIES!
THE MEXICAN OCCUPTION DEPRESSES WAGES FOR AMERICANS $300 TO
$400 BILLION PER YEAR. PARTICULARLY HIT ARE BLACK AMERICANS.
The OBAMA – McCAIN Amnesty Promises NO E-VERIFY enforcement
to Employers and NO BORDER enforcement to LA RAZA invaders.
…isn’t
that what we already have going ????
Dream Act proposals
are also a magnet for fraud. Many illegal immigrants will fraudulently claim
they came here as children or that they are under 30. And the federal
government has no way to check whether their claims are true or not. REP. LAMAR SMITH
"It lets businesses that knowingly violated the law
off the hook," Mr. Krikorian said. "If they were not withholding
payroll taxes, they’re held harmless. If they were violating labor laws,
they’re held harmless. So this is a boon for crooked business."… MARK
KRIKORIAN
“Another
force for amnesty is corporate America. Thousands of businesses have hired
illegals in violation of U.S. law. Amnesty for their illegal workers means, de
facto, amnesty for them”… PAT BUCHANAN
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."
The danger, as Washington
Post economics columnist Robert Samuelson argues, is that of “importing
poverty” in the form of a new underclass—a permanent group of working poor.
Who is the real Barack Obama??? Is he only a performer
addicted to photo-ops and red carpet appearances? Is he a closet Republican
increasingly compared to one of America’s greatest disasters as a president,
George W. Bush? Is he Mexico’s first LA RAZA SUPREMACY president?
…or simply the president for the 1%???
how do the la raza dems build their party base of
illegals? no borders, no enforcement, no E-VERIFY, no legal need apply AND
MUCHO DREAM ACTS of WEFLARE, OBAMACARE and now food stamps.
“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
Barack
Obama… the man that conned an entire nation and still called it “CHANGE”… but
was only Bush’s 3rd & 4th terms.
THE
YEAR WAS 2009…
At the town hall in New Orleans,
Obama appealed
for patience. He said, “Change is hard, and big
change is
harder.” Is that the excuse? Now where
have I heard that before? Oh, yeah. From George
Bush.
OBAMA’S
WAR ON AMERICANS (LEGALS) AND OUR HOMELAND SECURITY
However,
today, with President Obama so ill-intentioned toward the United States and its
future, negotiations between him and with those of us who oppose him are
pointless.
Obama’s
America… the Rich Get Much Richer, Illegals Get the Jobs and Dream Acts of
Welfare and the American Middle Class is Stuck With the Tax Bills for Wall
Street and Mexico’s Looting.
OBAMAnomics:
CRONY KING OBAMA: CURL: The Obamas live the 1 percent life
OBAMA’S CRONY CAPITALISM: SOARING PROFITS FOR OBAM’S WALLL
STREET LOOTERS! And then the jobs go to illegals!
IS OBAMA MERELY BUSH’S THIRD and FOURTH TERMS?
CRONY CAPITALISM
Obamanomics: How Barack
Obama Is Bankrupting You and Enriching His Wall Street Friends, Corporate
Lobbyists, and Union Bosses…and Muslim Dictators
OBAMA’S HAREM OF CORRUPT BANKSTERS… DO A GOOGLE
FOR HOW MANY ENDED UP WORKING IN HIS ADMINISTRATION.
“Records show
that four out of Obama's top five contributors are employees of financial
industry giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase
($362,207) and Citigroup ($358,054).”
Obamanomics: How Barack Obama Is Bankrupting You and Enriching His Wall
Street Friends, Corporate Lobbyists, and Union Bosses
BY TIMOTHY P
CARNEY
Editorial Reviews
Obama Is Making
You Poorer—But Who’s Getting Rich?
Goldman Sachs, GE, Pfizer,
the United Auto Workers—the same “special interests” Barack Obama was supposed
to chase from the temple—are profiting handsomely from Obama’s Big Government
policies that crush taxpayers, small businesses, and consumers. In Obamanomics,
investigative reporter Timothy P. Carney digs up the dirt the mainstream media
ignores and the White House wishes you wouldn’t see. Rather than Hope and
Change, Obama is delivering corporate socialism to America, all while claiming
he’s battling corporate America. It’s corporate welfare and regulatory
robbery—it’s Obamanomics.
Congressman Ron Paul says,
“Every libertarian and free-market conservative needs to read Obamanomics.”
And Johan Goldberg, columnist and bestselling author says, “Obamanomics
is conservative muckraking at its best and an indispensable field guide to the
Obama years.”
If you’ve wondered what’s
happening to America, as the federal government swallows up the financial
sector, the auto industry, and healthcare, and enacts deficit exploding
“stimulus packages,” this book makes it all clear—it’s a big scam. Ultimately,
Obamanomics boils down to this: every time government gets bigger, somebody’s
getting rich, and those somebodies are friends of Barack. This book names the
names—and it will make your blood boil.
Obama Is Making You Poorer—But Who’s Getting Rich?
Goldman Sachs, GE, Pfizer,
the United Auto Workers—the same “special interests” Barack Obama was supposed
to chase from the temple—are profiting handsomely from Obama’s Big Government
policies that crush taxpayers, small businesses, and consumers.
Investigative reporter
Timothy P. Carney digs up the dirt the mainstream media ignores and the White
House wishes you wouldn’t see. Rather than Hope and Change, Obama is delivering
corporate socialism to America, all while claiming he’s battling corporate
America. It’s corporate welfare and regulatory robbery—it’s Obamanomics. In
this explosive book, Carney reveals:
* The Great Health Care
Scam—Obama’s backroom deals with drug companies spell corporate profits and
more government control
* The Global Warming Hoax—Obama has bought off industries with a pork-filled
bill that will drain your wallet for Al Gore’s agenda
* Obama and Wall Street—“Change” means more bailouts and a heavy Goldman Sachs
presence in the West Wing (including Rahm Emanuel)
* Stimulating K Street—The largest spending bill in history gave pork to the
well-connected and created a feeding frenzy for lobbyists
* How the GOP needs to change its tune—drastically—to battle Obamanomics
If you’ve wondered what’s
happening to our country, as the federal government swallows up the financial
sector, the auto industry, and healthcare, and enacts deficit exploding
“stimulus packages” that create make-work government jobs, this book makes it
all clear—it’s a big scam. Ultimately, Obamanomics boils down to this: every
time government gets bigger, somebody’s getting rich, and those somebodies are
friends of Barack. This book names the names—and it will make your blood boil.
*
Praise for Obamanomics
“The notion that ‘big
business’ is on the side of the free market is one of progressivism’s most
valuable myths. It allows them to demonize corporations by day and get in bed
with them by night. Obamanomics is conservative muckraking at its best.
It reveals how President Obama is exploiting the big business mythology to
undermine the free market and stick it to entrepreneurs, taxpayers, and
consumers. It’s an indispensable field guide to the Obama years.”
—Jonha Goldberg, LA Times columnist and best-selling author
“‘Every time government gets
bigger, somebody’s getting rich.’ With this astute observation, Tim Carney
begins his task of laying bare the Obama administration’s corporatist governing
strategy, hidden behind the president’s populist veneer. This meticulously
researched book is a must-read for anyone who wants to understand how
Washington really works.”
—David Freddoso, best-selling author of The Case Against Barack Obama
“Every libertarian and
free-market conservative who still believes that large corporations are trusted
allies in the battle for economic liberty needs to read this book, as does
every well-meaning liberal who believes that expansions of the
welfare-regulatory state are done to benefit the common people.”
—Congressman Ron Paul
“It’s understandable for
critics to condemn President Obama for his ‘socialism.’ But as Tim Carney
shows, the real situation is at once more subtle and more sinister. Obamanomics
favors big business while disproportionately punishing everyone else. So-called
progressives are too clueless to notice, as usual, which is why we have Tim
Carney and this book.”
—Thomas E. Woods, Jr., best-selling author of Meltdown and The
Politically Incorrect Guide™ to American History
*
·
Hardcover: 256 pages
·
Publisher: Regnery Press (November 30,
2009)
·
Language: English
·
ISBN-10: 1596986123
·
ISBN-13: 978-1596986121
The Obamas’ new home has received a lot of attention in the corporate media
and on the blogs. This post will discuss other perspectives.
Hyde Park, where the Obamas have lived since 1994, is home to the
University of Chicago (UC) Law School and at least one of UC’s hospitals. Leo
Struass taught in the university’s Committee on Social Thought. The Federalist
Society was born at UC, and it is the
alma mater of many Neo Cons,
including Supreme Court Justice Antonin Scalia.
Kenwood, where the Obamas’ new home sits, is a small neighborhood, only 1.09
miles in area. It is bound on the south by Hyde Park, on the north by North
Kenwood, and on the west by the neighborhood of Highland. Kenwood was once one
of the most elite neighborhoods in all of Chicago.
This map shows the juxtaposition of the Hyde Park and Kenwood neighborhoods:
The Obamas had decided that politics was Barack’s ultimate future while
still dating. In 1991, then
Michelle
Robinson, who was then Obama’s fiancée, left her job at the law firm of
Sidley Austin Brown & Wood. She went to work for the city of Chicago, first
as an assistant to Mayor Daley, then as the Executive Director of Public Allies
Chicago, a nonprofit that provides leadership training to young adults
interested in public service careers.
In 1996, she left the Public Allies to help create a student volunteer
program at The University of Chicago. By the time of this interview, she was
the Executive Director of Community Affairs for The University of Chicago
Hospitals. This is how Michelle portrays her change of career:
She was devastated when her father died from MS complications. “That’s when
I started analyzing my life, sitting in a firm,” she recalls, adding that in
that same year she also lost one of her best friends from college to cancer.
She soon left the firm to pursue a much lower-paying path in the public sector.
The fact is Michelle was actively recruited for City Hall by a close
friend, Valerie
Jarrett, who was Mayor Daley’s Deputy Chief of Staff at
that time. Valerie later became the Finance Chair of Obama’s 2004 US Senate
campaign and then First Treasurer of Barack’s political action committee,
Hopefund.
It helps to have friends at City Hall. Among other
positions, Michelle was appointed twice to sit on the board of the
Commission
of Chicago Landmarks for two consecutive terms. Michelle maintained this
board seat from 1998 to March 2005, although normally a member only serves one
4 year term.
Flush from the success of Barack’s speech at the 2004 Democratic National
Convention,
the Obamas decided it was time to find a residence more
fitting for their anticipated new status. Barack’s 1995 autobiography
Dreams
of My Father soared, and they knew Alan Keyes was no threat to their future
success in the US Senate elections.
Sitting on the Commission of Chicago Landmarks board, Michelle knew
of a permit, waiting for review and approval to sell, for a designated
Historical Georgian revival home built in 1910 with four fireplaces, glass-door
bookcases fashioned from Honduran mahogany, and a 1,000-bottle wine cellar
owned by a doctor in Kenwood. The Commission is supported not only by donations
and taxes but also by charges for
permits.
It’s a pretty extensive process, and they want a complete history of the house
and property when a permit is requested. Once the Board approves a permit, the
application goes to the city planning or zoning commission if more than a
simple sale is involved.
The doctor who owned the Kenwood home wanted more than the Obamas could
afford. As Barack has stated in numerous press interviews, buying the home
would be a
stretch. Barack contacted his patron Tony Rezko, despite
knowing he was under investigation at the time, in order to see what could be
done so the Obamas could afford their dream house.
Sub-division was
likely the agreed-on solution. In order to divide the lot, which the
doctor purchased as one entity, he would have to:
– Hire an approved architect and general contractor, who had been involved
in renovations and sub-divisions in Kenwood previously
– Have the lots surveyed and new plot plans drawn
– Re-start the Landmark Commission permit approval process
– Hold a public hearing (required).
On page 51 of the
Commission
on Landmarks Ordinances, one finds a justification for the doctor agreeing
to subdividing the land.
The applicant bears the burden of proof that the existing use of the
property is economically infeasible and that
the sale, rental or
rehabilitation of the property is not possible, resulting the property not
being capable of earning any reasonable economic return.
Pages 51 and 52 of the Landmark ordinances show how many proofs and other
forms of extensive documentation are required in order to subdivide the land.
Can any rational person believe the doctor would have been willing to go along
with having his property sub-divided, and all the work and time involved, without
compensation and assistance? Who paid for this?
With Michelle sitting on the Landmarks board, Commission approval wasn’t
expected to be an issue, even though I have not located notice of the Public
Hearing from any of the involved boards. From there it would go to the City
Planning Board and the Zoning Boards, which also require public hearings. Each
of these steps average between 6 weeks and 3 months to complete.
The doctor’s property was located in what Chicago Zoning Terms refer to as
Residential
Single zone 1, or RS1. This means the house the Obamas bought required
6,250 sq. ft of area. Even if it had the designation lowered to RS2, it still
would have required 5,000 square feet, as seen on page 5 of Chicago’s zoning
ordinances. Starting on page 8, the ordinances specify setbacks and how much
space must be available on each side of a building. The open space on the
building’s sides normally conform to Fire Regulations, so that equipment can
access all portions of a building during crises.
Public Records at the Chicago Commission on Landmarks, the Chicago Planning
Department and Chicago Zoning Boards would show the exact dates of permits,
hearings and approvals. Michelle was so confident she listed the Obamas’ condo,
which was located on the first floor of a Hyde Park Brownstone. In October
2004, Michelle expressed surprise to a Chicago interviewer that the Condo had
sold so quickly, which meant they either had to put off a closing date or write
in a lease agreement for a specified amount of time in their Condo purchase
contract.
2004 was a year flush with success for the Obamas: the autobiographical book
sales increased; the DNC speech had been well received; Obama won his US Senate
seat; and Michelle received a recent promotion to a $316,962-a-year position as
Vice President at The University of Chicago Hospitals. Their income was over
1.67 million dollars, with anticipation of even greater gains ahead.
All that needed to be done, in the name of the doctor, on the Kenwood
property was completed by March 2005, and the house was finally listed.
Michelle
Obama resigned her seat on the Chicago Commission on Landmarks at the same
time. Barack and Michelle closed on their new home in June of 2005,
for $1.65 million dollars, $300,000 less than the asking price, and most likely
using the proceeds of their Condo for a down payment, while taking out a
mortgage for $1.32 million from Northern Trust. Tony Rezko’s wife purchased the
newly divided sub-plot for the full price of $625,000 and closed on the same
day.
The City of Chicago requires parking permits, or people must rent space at
parking garages for around $30 per diem. There is no overnight on-street
parking. The Obamas had no yard to park on, and most likely parked on Rezko’s
property.
Within in a month of purchasing their new home, the Obamas began the same
process the doctor previously went through. Because Tony Rezko was being
indicted, they needed to be distanced from him. So the Obamas hired a lawyer
and an architect. Additionally, the Obama’s wanted to put up a fence separating
the two properties. On page 21 of the Landmark Ordinances above, it states
fences for Historic homes can be no more than 5’ high and must not be visible
from the street. If the Obamas had purchased a prefab chain, picket or wooden
fence, they would have lost the Historic designation and also
the
eight-year property tax freeze benefit accrued by agreeing to keep the
house in conformance with
Landmark
regulations.
A picture of the front view of Obamas’ house reveals landmark and zoning
requirements.
The concrete wall and evergreens were most likely done after the city
appropriated land for sidewalks, and the paving of what has been noted as a
wide and busy thoroughfare. If you notice, the trees were planted one to two
feet behind the concrete wall, most probably a result of zoning constraints.
The new fence was specially fabricated to conform to historic standards, and
the $14,000 cost was billed to Rezko per agreement by Obama and Rezko. Obama
states he paid for the architect and Lawyer. Strangely enough the fence
actually sits ON the property line between the two lots. Obama agreed to yard
maintenance for both properties. And given Obama’s history with the
Harvard
Law Review and his limited known court experience from public records,
Obama
most likely either edited or personally wrote the legal documents for his
sub-division and the fence. On January 12, 2006, the Obamas closed on the 1/6th
of Rita Rezko’s property they purchased for $104,500.
Facts not specifically cited above, and much more, can be found in this
Chicago
Tribune article.
In all likelihood the driveway was previously on Rezko land. Behind the
house is most likely an old carriage house converted into a garage. Parking on
the street in that type of neighborhood is prohibited by zoning and fire safety
laws, unless someone in authority had been previously notified of a large
gathering.
One other event of note occurred in 2005. Daniel Mahru, Rezko’s partner in
Rezmar for 16 years until the two men had, according to Mahru, “a difference of
opinion,” resigned from Rezmar, Rezko’s slum landlord operation. Did Mahru
leave because he knew any shady deals while Rezko was being investigated would
lead to disaster?
There were lots of people involved in the purchase of the Obamas’ house, and
they would all be owed some kind of consideration for their help and support.
Obama’s favors from Rezko amount to $925,000, plus an additional $14,000 for
the fence, bringing the total cash value to just one person to $939,000.
Will Rezko sit quietly in jail or will he bring Mayor Daley, Governor
Blagojevich and Senator Obama down with him?
How will Obama repay the “favors” he owes all
these people?
I am sure Patrick Fitzgerald will reveal all these connections and much more
in Rezko’s upcoming trial at the end of this month.
OBAMA IS NOTHING BUT BUSH’S
THIRD CORRUPT TERM!
In every aspect of domestic
and international policy, Obama has continued and escalated the policies of his
Republican predecessor. He has gone beyond Bush in slashing social programs,
waging aggressive war, and attacking democratic rights—including officially
ordering the assassination of American citizens.
Obama plays the populist card
8 December 2011
In what was billed by the
White House as a major speech on the economy, President Barack Obama on Tuesday
combined a potted review of American history with half-truths and lies in an
attempt to present himself as a fighter for social equality and critic of Wall
Street.
Obama, who has spent nearly
three years in the White House single-mindedly defending the interests of the
financial elite, has in recent weeks adopted this populist persona with the aim
of derailing the emergence of social protest, in the form of the Occupy Wall
Street protests, and seeking to channel it behind his reelection campaign.
Typical of such carefully
staged events, the site of Obama’s remarks—Osawatomie, Kansas, where Theodore
Roosevelt gave his 1910 “New Nationalism” speech—was chosen for its symbolism.
By wrapping himself in the mantle of Roosevelt’s Progressive Era reform agenda,
Obama hoped to lend credibility to his improbable pose as a man of the people
and opponent of the moneyed interests.
The speech was notable only for
its unbridled cynicism. As always, Obama proceeded from the premise that the
American people are infinitely gullible and suffer from collective amnesia with
regard to the record of his administration.
Reviewing the events that led
to the financial crash of 2008, Obama declared: “We all know the story by now:
Mortgages sold to people who couldn’t afford them, or even sometimes understand
them. Banks and investors allowed to keep packaging the risk and selling it
off. Huge bets—and huge bonuses—made with other people’s money on the line.
Regulators who were supposed to warn us about the dangers of all this, but
looked the other way or didn’t have the authority to look at all…
“It combined the breathtaking
greed of a few with irresponsibility all across the system. And it plunged our
economy and the world into a crisis from which we’re still fighting to recover.
It claimed the jobs and the homes and the basic security of millions of
people—innocent, hardworking Americans who had met their responsibilities but
were still left holding the bag.”
This is a fair description of
what amounts to a criminal conspiracy against the people of the United States
and the world, carried out by a financial oligarchy that exerts absolute power
over the political system. A bit further on Obama declared his commitment to a
country where “everyone plays by the same rules.”
Yet under his watch, not a
single banker, hedge fund manager or financial regulator has been prosecuted,
let alone convicted. On the contrary, the
president has handed them the keys to the national treasury and tailored his
policies to enable them to continue their speculative activities and make more
money than ever.
The fury of the state has
been reserved for those who have sought to protest against the plundering of
society by the financial elite and the resulting growth of poverty,
unemployment and inequality. They, for the most part student youth, have been
assaulted by baton-wielding police in riot gear, packing rubber bullets and
using pepper spray. The protesters have been arrested in the thousands. Obama,
with his silence, has signaled his support for these attacks, carried out for
the most part by Democratic mayors.
Obama strained to present his
policies as diametrically opposed to those of the Republicans. After the worst
economic crisis in eighty years, he said, the Republicans “want to return to
the same practices that got us into this mess.”
This from a president who has
made “bipartisanship” the watchword of his administration and done his best to
restore credibility to the Republicans after they were repudiated in the 2008
election that brought him to power.
In every aspect of domestic and
international policy, Obama has continued and escalated the policies of his
Republican predecessor. He has gone beyond Bush in slashing social programs,
waging aggressive war, and attacking democratic rights—including officially
ordering the assassination of American citizens.
After attributing the entire
blame for the deregulation of big business and the growth of inequality to the
Republicans, ignoring the fact that these processes proceeded apace under
Democratic as well as Republican administrations, Obama declared that his
solution began with “making education a national mission.”
This is yet another example
of shameless hypocrisy from a president who has adopted the education program
that was previously the province of the Republican right, and spearheaded an
unprecedented assault on the jobs and conditions of teachers and the very
principle of public education.
Lodged within the fog of
populist phrase-mongering were code words inserted in the speech—verbal winks
and nods—to reassure Wall Street: “the free market is the greatest force for
economic progress in human history… It’s not a view that says we should punish
profit or success… business, and not government, will always be the primary
generator of good jobs… This isn’t about class warfare.”
With tens of millions out of
work and new reports each week detailing record levels of poverty and
inequality, Obama declared that capitalism has “led to a prosperity and a
standard of living unmatched by the rest of the world.”
His invocation of Theodore
Roosevelt was preposterous on two counts. First, Obama is not proposing the
slightest measures to address social inequality, unlike Roosevelt, who, under
conditions of emerging class battles and the growth of the socialist movement,
advanced a significant bourgeois reform policy, including a progressive
taxation system, unemployment compensation, and laws to restrict child labor
and establish minimum wages.
Second, Obama falsifies
history. These reforms were not showered on the people by benevolent presidents
or bosses, they were extracted from the ruling class through mass struggles,
involving millions of workers in sit-down strikes and general strikes that
rocked entire cities and defied the murderous violence of the employers and the
state.
In his 1910 speech, Roosevelt
warned, “If the reactionary man, who thinks of nothing but the rights of
property, could have his way, he would bring about a revolution.” Over the next
half century, the American ruling class was forced, kicking and screaming, to
adopt measures that lessened social inequality precisely to avoid revolution.
As is now clear, those
concessions to the working class were not permanent. Precisely the failure of
the labor movement, due to the treachery and pro-capitalist orientation of the
trade union bureaucracy, to break from the Democratic Party and build an
independent socialist movement disarmed the working class and allowed the ruling
class to wage a counteroffensive.
Obama and the entire
bourgeoisie are now seeking to utilize the economic crisis to repeal the 20th
century and destroy all of social gains of the working class.
For all his pseudo-populist
bluster and his invocation of an earlier period of progressive reform, Obama
could offer no serious measures to address the social crisis. His only concrete
proposal was passage of an extension of his payroll tax deduction—a measure
that is striking only for its hopeless inadequacy. It is fundamentally
reactionary to boot, since it will allow corporations to reduce their Social
Security taxes, thereby draining the government benefit fund for seniors.
The president’s central focus
is to join with the Republicans in shredding what remains of the social safety
net. “To reduce our deficit,” he boasted, “I’ve already signed nearly $1
trillion of spending cuts into law and I’ve proposed trillions more, including
reforms that would lower the cost of Medicare and Medicaid.”
We will leave it to the
professional apologists for the Democratic Party, from the New York Times to
the affluent upper-middle class types who occupy the offices of the Nation, the
AFL-CIO trade union apparatus and various pseudo-left groups to try to paint in
“progressive” colors what has turned out to be the most right-wing
administration in modern American history.
For our part, the Socialist
Equality Party in the US will do everything in its power to expose those trying
to hoodwink the working class with identity politics and the hoary myth of the
“lesser evilism.” The fight for social equality means the fight for socialism
and the independent political mobilization of the working class to take
political power in its own hands.
Jerry
White
“Records show
that four out of Obama's top five contributors are employees of financial
industry giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase
($362,207) and Citigroup ($358,054).”
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.
Under these
conditions, the banks have been pushing to rip up even the very modest
restrictions on financial speculation, while broadening the scope of government
bailout laws. The aim is simple: to give banks the maximum ability to speculate
without constraint, while getting the maximum possible government assistance if
and when the bubble collapses.
So
close is the bankers’ grip on the reins of government that, no longer content
to let their bought-and-paid-for politicians write laws, the banks have taken
to doing the work themselves.
This
was the case with a bill that passed the House Financial Services Committee
this month, HR 992, which significantly expands the number of financial
institutions eligible for coverage by the Federal Deposit Insurance Corporation
(FDIC). The bill, which passed with majority support by both Democrats and
Republicans, amends an earlier law that prevented financial institutions that
trade swaps—a set of dangerous and largely unregulated derivatives—from
coverage by the FDIC.
The New York
Times reported Friday that, according to emails the newspaper examined, 70
out of the bill’s 85 lines were based on the recommendations of Citigroup, one
of the largest US banks. Two paragraphs were inserted nearly word-for-word from
an email written to lawmakers by the bank.
The
bill restricts provisions in the Dodd–Frank Wall Street Reform and Consumer
Protection Act, signed on July 21, 2010. This law was largely a publicity
measure by the Obama administration, made to appear as a crackdown on financial
speculation while in reality allowing the banks to go on with business as
usual.
Instead
of creating regulations, the Dodd-Frank bill merely mandated that a series of
regulations be implemented at some point in the future by regulators. Nearly
three years after the bill’s passage, the vast majority of these regulations
have not been implemented.
Out
of 135 bank regulatory rules mandated by the Dodd-Frank bill, only 40 have been
put into effect. The act’s much-vaunted mandate for the creation of a “Volcker
rule,” preventing deposit-taking institutions from carrying out financial
speculation, remains a dead letter.
Moreover,
many of the provisions of the Dodd-Frank bill, toothless as they were, are
being scaled back by subsequent acts of Congress, such as HR 992, described
above.
Even
those regulations that have been implemented have been even further weakened by
regulators to comply with the demands of the banks. Last week, the Commodity
Futures Trading Commission voted to implement regulations on
derivatives—speculative financial products based on other asset values—that
were significantly weakened from those that were proposed under Dodd-Frank.
The
Commission had initially proposed that the purchasers of derivatives be
required to contact five banks when seeking to set the price of a contract.
Under the new law, purchasers are only required to contact two banks, further
tightening the monopoly of a handful of institutions that dominate the largely
unregulated multitrillion-dollar derivatives market.
The
bill likewise originally proposed that derivatives be traded on electronic
exchanges similar to stock markets, so that buyers would have a better
understanding of prices across the market, making price gouging by issuers more
difficult. But the final rules allow for much of derivatives trading to take
place over the phone, making it nearly impossible to regulate.
“I’m not here to punish banks!” Barack Obama –
State of the Union – NOW MOST OF THESE CRIMINAL BANKSTERS WORK IN THE OBAMA
ADMINISTRAITON NOW!
Despite
a mountain of evidence—including a voluminous 2011 report by the Senate
Permanent Subcommittee on Investigations—that the 2008 financial crash was
directly linked to rampant lawbreaking by Wall Street, not a single
executive at a major bank has been criminally prosecuted, much less gone to
jail.
The
Wall Street giants emerged from the financial crisis larger and more powerful
than ever, and, as shown by government inquiries into JPMorgan’s $6 billion
trading loss last year, their activities are just as speculative and parasitic
as before the crash.
These
factors, combined with the vast amounts of money being pumped into the
financial markets by central banks make a new financial crash all but
inevitable.
Throughout
all this, the role of the government has been to cover up and facilitate the
banks’ crimes, seeking to create the appearance of regulation, while allowing
Wall Street to operate with impunity.
The
main nexus between the banks and government is the Obama administration itself,
which, with every new appointment, becomes ever more a government of, by, and
for the financial oligarchy.
NOW MOST OF THESE CRIMINAL BANKSTERS WORK IN
THE OBAMA ADMINISTRAITON NOW!
In
January Obama appointed as treasury secretary Jacob Lew, who earned millions of
dollars as the chief operating officer of Citigroup’s Alternative Investments
unit, which made bets against the housing market as it collapsed.
NOW MOST OF THESE CRIMINAL BANKSTERS WORK IN
THE OBAMA ADMINISTRAITON NOW!
This
month Obama appointed Penny Pritzker, a hotel heiress and private equity firm
operator, as commerce secretary. With a net worth of $1.85 billion, Pritzker is
the wealthiest person in US history to serve in the president’s cabinet.
These
developments demonstrate the impossibility of reining in the financial
criminals within the confines of the present political system. The government
and both parties serve as little more than errand boys for the bankers, who
exercise a dictatorship over political life in the United States.
Andre
Damon
OBAMANOMICS: BANK
PROFITS and CRIMES SOAR UNDER OBAMA… so do foreclosures!
FORECLOSED ON AMERICA: HOW BARACK OBAMA and HIS CRIMINAL BANKSTERS
LOOTED A NATION AND THEN PROFITEERED OFF THEIR CRIMES
Sen. Feinstein's Husband
Cashes In on Crisis Ethical? Ethnics never enter into a deal Feinstein is
pushing in Congress! FEINSTEIN IS A MAJOR OBAMA DONOR. SHE MAKES SIGNIFICATN
"CONTRIBUTIONS" TO DEMS ALL OVER THE NATION SO THEY KEEP THEIR MOUTH
SHUT ABOUT HER LOOTING OFF ELECTED OFFICE.
On the day the new Congress convened this year,
Sen. Dianne Feinstein introduced legislation to route $25 billion in taxpayer
money to a government agency that had just awarded her husband's real estate
firm a lucrative contract to sell foreclosed properties at compensation rates higher than the
industry norms, the Washington Times reported on Tuesday.
Mrs. Feinstein's intervention on behalf of the Federal Deposit Insurance Corp.
was unusual: the California Democrat isn't a member of the Senate Committee on
Banking, Housing and Urban Affairs with jurisdiction over FDIC; and the agency
is supposed to operate from money it raises from bank-paid insurance payments -
not direct federal dollars.
unfortunately this is only one of the many “DEALS” Feinstein and her
husband, Richard C. Blum have looted off of.
TWO OF
FEINSTEIN’S BIGGEST DONORS ARE CRIMINAL BANKSTERS WELLS FARGO and BANK of
AMERICA. SHE FRONTS FOR THESE BANKS IN THE SENATE LIKE SHE DOES RED CHINA! BOTH
BANKS ARE AT THE TOP OF THE LIST FOR THE FORECLOSURE DEBACLE THEY ARE NOW PROFITEERING
FROM.
OBAMAnomics: Soaring Profits for Wall
Street, Soaring Crimes of Bankster Donors, Soaring Foreclosures and Soaring
Unemployment for Americans (Legals)…. STILL CALLING IT “CHANGE”???
OBAMA, THE BANKSTER OWNED LA RAZA
DEM
“The response of the
administration was to rush to the defense of the banks. Even before coming to
power, Obama expressed his unconditional support for the bailouts, which he
subsequently expanded. He assembled an administration dominated by the
interests of finance capital, symbolized by economic adviser Lawrence Summers
and Treasury Secretary Timothy Geithner.”
*
CRONY CAPITALISM…
predicated on keeping wages depressed to third world levels for his billionaire
donors!
Obamanomics: How Barack
Obama Is Bankrupting You and Enriching His Wall Street Friends, Corporate
Lobbyists, and Union Bosses…and Muslim Dictators
OBAMA’S HAREM OF CORRUPT BANKSTERS… DO A GOOGLE
FOR HOW MANY ENDED UP WORKING IN HIS ADMINISTRATION.
“Records show
that four out of Obama's top five contributors are employees of financial
industry giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase
($362,207) and Citigroup ($358,054).”