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The
stock market is booming, the Forbes 400 are richer than ever, yet the
conditions for youth and workers are disastrous. War continues without end, and
Obama has gone far beyond Bush in rendering the Bill of Rights a dead letter.
OBAMA'S ASSAULT ON AMERICA'S YOUTH:
THE FINANCIAL ARMAGEDDON THAT AWAITS THE AMERICAN MIDDLE
CLASS IN 2014:
CRONY
CAPITALISM: Obama vows Wall Street’s looting will reach even greater dimensions
during 2014.
………….. and
his bankster donors’ profits are soaring!!!
NO ONE HAS WORKED HARDER FOR CRONY CRIMINAL BANKSTER THAN
BARACK OBAMA… JAMIE DIMON IS ONE OF OBAMA’S BIGGEST CONTRIBUTORS!
Why aren’t the Wall Street criminals prosecuted?
By Barry Grey
7 January 2014
In May 2012, only days after JPMorgan Chase’s Jamie Dimon revealed that his
bank had lost billions of dollars in speculative bets, President Barack Obama
publicly defended the multi-millionaire CEO, calling him “one of the smartest
bankers we’ve got.” What Obama did not mention is that Dimon is a criminal.
JPMorgan
is not the exception; it is the rule. Virtually every major bank that operates
on Wall Street has settled charges of fraud and criminality on a staggering
scale. In 2011, the Senate Permanent Subcommittee on Investigations released a
630-page report on the financial crash of 2008 documenting what the committee
chairman called “a financial snake pit rife with greed, conflicts of interest
and wrongdoing.”
These
multiple crimes by serial lawbreakers have had very real and very destructive
consequences. The entire world has been plunged into an economic slump that has
already lasted more than five years and shows no signs of abating. Tens of
millions of families have lost their homes as a result of predatory mortgages
pushed by JPMorgan and other Wall Street banks.
INEQUALITY
IN AMERICA: HOW DEMS HAND OVER BLUE STATES TO LA RAZA – BUILDING THE MEX
WELFARE STATE IN OUR BORDERS… they already get our jobs!
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.
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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.
THE AMNESTY ASSAULT on
AMERICA’S YOUTH – It’s all about keeping wages depressed!
Here
are some key facts presented by the CBO: 1) There are now 40 million
foreign-born people living in the United States, making immigrants a bigger
share of our national population than at any time since 1920. 2) Twenty-two
million — a majority of the foreign born — are non-citizens. 3)
Eleven-and-a-half million — a majority of the non-citizens — are illegal
aliens.
Amnesty's Message: Send Us Your
High School Dropouts
*
DURING BARACK OBAMA’S FIRST TERM, 2/3s OF ALL
JOBS WENT TO IMMIGRANTS, BOTH LEGAL AND ILLEGAL.
IT’S ALL ABOUT MAKING BILLIONAIRES BY KEEPING
WAGES DEPRESSED.
SHOULD WE KEEP IMPORTING FOREIGN BORN TECH
WORKERS YEAR AFTER YEAR AFTER YEAR?
“Tech tycoons like Larry Ellison and
Mark Zuckerberg have gotten rich while wages in the technology sector have
stagnated.”
Silicon Valley Poverty Is Often
Ignored By The Tech Hub's Elite
TECH
GIANT APPLE COMPUTER SAYS HELL NO TO PAYING TAXES and HELL NO TO HIRING AMERIANS!
KEEP THE BOATLOADS OF CHINESE AND INDIANS COMING!
Tech firms fight hiring rules in
immigration bill
Fredreka Schouten, USA TODAY1:21 a.m.
EDT May 7, 2013
Americans would "be shocked to know that most
of the H-1B visas … are going to outsourcing companies," Sen. Dick Durbin,
D-Ill., said during a recent hearing.
Story Highlights
- Bill provision that would require
firms to post jobs for Americans is targeted
- Technology firms have spent millions
on lobbying on immigration
- Judiciary Committee set to start
working on bill
WASHINGTON – Technology firms,
exercising new political clout on Capitol Hill, are lobbying against a measure
in the leading Senate immigration bill that would make it harder for them to
recruit workers from abroad without first taking steps to hire Americans for
highly skilled jobs in programming, engineering and other fields.
The measure, part of a sweeping
compromise bill drafted by a bipartisan group of eight senators, would require
job openings to be posted on a new government website for 30 days and order
companies to first extend job offers to "equally or better qualified"
U.S. workers. It would give the U.S. Labor Department the power to review and
challenge those hiring decisions.
Proponents say the measures are
needed to curb abuses by companies who they say use the visa program to hire
cheaper labor. Technology companies say the proposed rules would cripple their
ability to hire the best employees from a global workforce and represent
inappropriate government intrusion in internal hiring decisions.
The fight over hiring practices
is part of the massive lobbying campaign underway on the immigration measure
and will offer a fresh test of the technology industry's growing influence in
Washington. The companies involved in the computer and Internet sectors spent
nearly $140 million in lobbying last year -- more than twice the $69 million
the industry poured into influencing Washington a decade earlier, according to
data compiled by the Center for Responsive Politics, which tracks political
spending.
The Senate Judiciary Committee is
set to begin work on the bill Thursday.
The hiring battle centers on the
program that grants H-1B visas, which go mostly to college-educated foreigners
in science, technology, engineering and mathematics fields. Technology
companies say they face a chronic shortage of qualified workers in these
fields. The United States sets an annual limit of 85,000 visas for these
companies, and the competition for them is intense: This year, U.S. Citizenship
and Immigration Services opened up the application process April 1, and the cap
was reached within a week.
Industry groups have made big
gains in the Senate's immigration proposal. The bill, for instance, Would
increase the H-1B cap to 205,000 annually. However, tech officials warn the new
recruiting requirements could drive companies to move their skilled jobs
overseas, rather than comply. A commonly cited example: Microsoft's decision to
open a software center in Vancouver, British Columbia, after Congress failed to
pass immigration legislation in 2007 that would have significantly increased
the number of H-1B visas.
Under the bill, "employers
are going to have an arbitrary government standard imposed on every hiring
decision," said Robert Hoffman, the top lobbyist for the Information
Technology Industry Council, a trade group. The proposed rule, he said, ignores
subjective factors that influence hiring. "A perfect example: How does one
define whether or not someone has the personality to fit into a corporate
culture?" he said.
"We are not trying to change
any of the fundamental policy goals that they are trying to achieve" in
the Senate, Hoffman said. "We are just trying to tweak it, so that these
goals and other goals, like retaining the best and brightest and growing in the
United States, so that those types of goals are advanced as well."
Ron Hira, an associate professor
of public policy at the Rochester Institute of Technology, has criticized the
visa program, saying it allows firms to hire "cheap indentured
labor."
"The technology industry is
asking the government to come in and intervene in the normal functioning of the
U.S. labor market, specifically on their behalf," Hira said.
Bruce Morrison, a former
Connecticut congressman who lobbies on behalf of a group that represents
American engineers, said the organization will object to any effort to
"dilute worker protections" as the measure moves through the Senate.
"The arguments from the companies is that there aren't any Americans to
take these jobs," he said, "so there shouldn't be any problem."
The biggest users of H-1B visas
are not brand-name companies, but little-known staffing companies that provide
foreign workers on a temporary basis to U.S. companies — including banks,
health insurance companies and big retailers. Cognizant, a New Jersey-based
company that employs 27,000 people in the USA, is the top user of the temporary
visas, U.S. Citizenship and Immigration Services records show. Most of its
workers come from India.
In addition, three India-based
outsourcing companies rank among the top five recipients of H-1Bs, according to
the federal data.
Americans would "be shocked
to know that most of the H-1B visas … are going to outsourcing companies,"
Sen. Dick Durbin, D-Ill., one of eight senators who drafted the immigration
bill, said during a recent hearing. "They're going to these firms, largely
in India, who are finding workers, engineers, who will work at low wages in the
U.S."
Durbin is a driving force behind
the hiring requirements in the Senate proposal.
The measure would make business
harder for staffing companies dependent on foreign workers. It would impose
higher fees on firms that rely on overseas employees for more than 30% of their
workforce. Starting in 2016, the bill would bar granting any new temporary
visas for foreign workers at companies with more than half their workers on the
visas. Both measures apply to companies that employ more than 50 people.
Cognizant spokesman John Procter
said he did not have a breakdown on the percentage of the company's workers in
the USA on H-1B visas. He said the bill imposes an "arbitrary, detrimental
restriction on the number of skilled immigrants."
"It would really change the
way America does business," he said. "The company is very focused on
educating legislators and making sure this language doesn't make its way into
any final outcome."
Cognizant hired its first federal
lobbyist in 2010 andby last year, it had spent nearly $1 million on federal
lobbying, congressional records show. Its team includes Democratic power broker
Heather Podesta, who did not return a telephone call. Other companies also have
stepped up their political activity.
Last month, Facebook founder Mark
Zuckerberg, Netflix's Reed Hastings, Google's Eric Schmidt and other technology
executives teamed up to underwrite an advocacy group to promote their views on
immigration. Two of its subsidiaries began a seven-figure advertising campaign
to shore up voter support for key senators in the immigration debate.
The tech industry "has
clearly come of age," said Ellen Miller, executive director of the
Sunlight Foundation. "In the last decade, we've seen this tremendous
recognition from Silicon Valley of the need to play in the power circles — to
both protect their bottom line and to alter the political scene to their
advantage."
AMERICA’S YOUTH TURN
ON THE “HOPE & CHANGE” GUY…. in massive numbers!
“Slowly, Mr. Obama has changed the United
States into another country — the Soviet States of America — an authoritarian
state where false promises of "hope and change" were used to
manipulate the public.”
THE DEATH OF THE AMERICAN MIDDLE CLASS
OBAMA’S WALL STREET DRIVE CRONY CAPITALISM
The Great
Recession should have put the victim-blaming theory of poverty to rest. In the
space of only a few months, millions of people entered the ranks of the
officially poor—not only laid-off blue-collar workers, but also downsized tech
workers, managers, lawyers, and other once-comfortable professionals. No one could
accuse these “nouveau poor” Americans of having made bad choices or bad
lifestyle decisions. They were educated, hardworking, and ambitious, and now
they were also poor—applying for food stamps, showing up in shelters, lining up
for entry-level jobs in retail. This would have been the moment for the pundits
to finally admit the truth: Poverty is not a character failing or a lack of
motivation. Poverty is a shortage of money.
HOPE and CHANGE and endless lies and con jobs as his WALL
STREET DONORS’ LOOTING of AMERICA CONTINUES!
Having presided for the past five years over an unprecedented growth of
social inequality, President Barack Obama, down in the polls because of popular
indignation over his fraudulent health care “reform,” adopted the unlikely pose
of tribune of egalitarian values in a speech on Wednesday at the pro-Democratic
Party Center for American Progress in Washington DC.
http://mexicanoccupation.blogspot.com/2013/12/the-bankster-owned-president-for-1.html
In typical fashion, Obama decried the growth of inequality in America as
though he were an innocent bystander and had absolutely no role in the process
he was criticizing. The most remarkable aspect of the speech was the contempt
for the intelligence of the American people it expressed.
CONGRESS – ILLEGALS SAP TAX DOLLARS. IT'S PART OF THE DEMS' LA RAZA SUPREMACY PLAN TO BUILD THEIR PARTY BASE OF MEXICANS.
CONGRESS
DECLARES THAT ILLEGALS SAP TAX DOLLARS… SO THEN WHAT WOULD 40 MILLION LEGALIZED
MEXICAN LOOTERS DO??? GO OUT AND VOTE GOP?
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