Monday, January 30, 2017

JOBS FOR AMERICA'S YOUTH OR ILLEGALS? - Trump Can Create 180,000 New Jobs for America with a Stroke of His Pen

Trump Can Create 180,000 New Jobs for America with a Stroke of His Pen: Good jobs, too.

Trump Can Create 180,000 New Jobs for America with a Stroke of His Pen

By David North | January 30, 2017 | 3:18 PM EST


President Donald Trump (AP Photo/Seth Wenig)
President Trump saved several thousand factory jobs by brow-beating some CEOs, but he could also do something much more useful: He could create about 180,000 new jobs for American college grads just by abolishing an obscure bit of the immigration machinery.
Here's a way to help the middle class without dealing with Congress; the president can do it with a stroke of the pen. It would not be a question of saving existing jobs (as in the case of the factory workers). It would lead to the creation of an additional 180,000 jobs for U.S. residents. Good jobs, too.
Currently, thanks to prior administrations, there is a generally unknown program in which the federal government subsidizes (through tax breaks) the hiring of 180,000 foreign college grads, taking jobs that could be held by Americans. It has the misleading title of Optional Practical Training (OPT) as there is no training involved, and though dedicated to foreign college graduates, it is disguised as part of the F-1 program for foreign students.
Without a lick of input from Congress, the Obama administration, building on a scheme used by the Bush II administration, expanded the OPT program. According to the Institute for International Education (IIE), there were 147,498 aliens holding OPT jobs in the American economy in the 2015-2016 academic year.
Given the recent annual increases in the program (22 percent-plus from 2014-2015 to 2015-2016) and given the fact the IIE survey does not cover (appropriately) the worst of the visa mills, which also have the power to issue OPT certificates, the actual number of OPT jobs at the moment is probably in the neighborhood of 180,000.
That is a prize worthy of special attention. More than 180,000 good jobs.
OPT certificates are not issued by the U.S. government, they are issued by colleges and universities that graduate the alien students. An OPT certificate is good for as much as three full years of legal status in the U.S. labor market, with the longer ones going to foreigners who have trained in the STEM fields (science, technology, engineering and mathematics).
The best part of OPT for the foreign alums — and a devastating factor to U.S. resident college grads (both citizens and green card holders) — is that employers are given a $10,000-$15,000 bonus for hiring an alien rather than an American with the same salary.
This is hard to believe, but true; recent administrations have waved a magic wand over the foreign grads and called them "students" so that the usual payroll taxes (Social Security and Medicare) do not apply to either their employers or to the students.
So the employer, faced with two equally qualified candidates for, say, a $60,000 a year job (for three years), each candidate being willing to work for that salary, has his choice. If he hires the alien the total payroll costs for three years will be $180,000; if he hires the citizen alternative, the employer will pay $193,770. The higher the salary, the bigger the bonus to the employer hiring the alien.
Since this strange program is based solely on administrative rulings, the president (or Secretary Kelly at DHS) can simply abolish it with an executive order.
My suggestion would be to announce that no more new OPT certificates will be issued from the day of the order, and that no renewals will be granted, either. But aliens holding these permits should be allowed to keep working until the current permissions expire. In that way there would be no need for massive dismissals of alien workers on short notice, but the act would, over three years, open up at least 180,000 new jobs for residents of America.
And there would be a substantial bonus — one to two billion dollars a year — for our older citizens, as the undeserved current savings come right out of the hide of the Medicare and Social Security systems. So this move would not only be in line with the president's promise to increase the number of jobs for working-age Americans, it would also fit in with his promise not to cut Social Security and Medicare benefits for one-time working Americans.
In short, a really, really good twofer!
David North, a fellow at the Center for Immigration Studies, has over 40 years of immigration policy experience.
Editor's Note: This piece was originally published by the Center for Immigration Studies.

THE GIG JOB ECONOMY…. To keep wages DEPRESSED


As Barack Obama invites hordes to jump our borders jobs, welfare offices and voting booths…. WHAT IS LEFT FOR THE AMERICAN MIDDLE CLASS HE HATES SO MUCH?

 

http://mexicanoccupation.blogspot.com/2016/10/the-gig-economy-america-no-legal-need.html


 AMERICA STUDENTS STARVE:
Report on the impact of OBAMA-CLINTONOMICS

THE  GIG JOB – In America, No Legal Need Apply
"Possibly most affected by this shift in the economy is the Millennial generation, those  aged 18-30. The report notes that more than half of those under age 25 participate in independent work, not just in the United States but throughout the European Union as well."

Friday, January 27, 2017

TRUMP MOVES TO END OBAMA'S 8 YEARS OF SABOTAGE of HOMELAND SECURITY

The differences between Obama's and Donald Trump's immigration policies are as stark as the differences between night and day.  Trump has done a real 180-degree change on many of Obama's policies.  Some of his changes are great....



The current state of Donald Trump's immigration proposals

The differences between Obama's and Donald Trump's immigration policies are as stark as the differences between night and day.  Trump has done a real 180-degree change on many of Obama's policies.  Some of his changes are great.  Others don't go far enough. Let's look at some of them. 1) According to a draft plan that can change, Trump is said to be planning to limit immigration from Iraq, Syria, Iran, Sudan, Libya, Somalia, and Yemen for 30 days.  That's good.  Furthermore, he wants to reduce the number of refugees accepted into the U.S. from 110,000 a year to 50,000 a year.  That's good, too.  Furthermore: The plan outlined in the draft order indicates that once the 120-day suspension of refugee admissions ends, the US prioritize admissions of those refugees who are fleeing religious persecution, "provided that the religion of the individual is a minority religion in the individual's country of...(Read Full Post)

BUILD THE DAMNED WALL!!!



THE LA RAZA MEX DRUG CARTELS: These
gangs murder, kidnap, and extort innocent Mexican citizens.
 They corrupt the Mexican police and military.  They 
transport illegal migrants to the
U.S. – extorting, exploiting, raping, and murdering them along the way.
 They transport drugs to the U.S., undermining our civil society and
killing our citizens.  They instill fear and violence across Mexican
society, preventing it from achieving the stable, middle-class society
that NAFTA

promised. 
 Jonathan Murray , AMERICAN
THINKER.com

TRUMP VOWS TO PUSH BACK THE INVADING NARCOMEX DRUG CARTELS!

The debate around Donald Trump's wall has been shaped by liberal and media narratives that focus on illegal immigrants in the U.S.  The left has painted a picture of compassion for these immigrants, making them the entirety of the story. &nb...



The debate around Donald Trump's wall has been shaped by liberal and media narratives that focus on illegal immigrants in the U.S.  The left has painted a picture of compassion for these immigrants, making them the entirety of the story. &nb...



January 27, 2017

Why Mexico will pay for the wall

The debate around Donald Trump's wall has been shaped by liberal and media narratives that focus on illegal immigrants in the U.S.  The left has painted a picture of compassion for these immigrants, making them the entirety of the story.  Sanctuary cities have declared safe havens for illegal immigrants, without really distinguishing between the good and the bad among them.  They have also spun numbers about temporarily declining immigration rates to diminish the significance of the problem.  Liberals have labeled opponents of open borders hard-hearted racists.  Immigration has become one of those narrative stories, filled with human suffering, compassion, and demonized enemies, that liberals love to love.
What liberals have ignored is the severe consequences of slack U.S. borders for Mexico.  Mexican society and the Mexican economy have been severely distorted and held hostage for decades by criminal gangs that make their living smuggling drugs and migrants into the U.S.  Their access to and control over the U.S. border are precisely what has brought them power and wealth, while unleashing a long-term scourge on Mexican society.  These gangs murder, kidnap, 


and extort innocent Mexican citizens.  They 


corrupt the Mexican police and military.  They 


transport illegal migrants to the U.S. – extorting, 


exploiting, raping, and murdering them along the 


way.  They transport drugs to the U.S., 


undermining our civil society and killing our 


citizens.  They instill fear and violence across 


Mexican society, preventing it from achieving the 


stable, middle-class society that NAFTA 


promised.  These truths are well documented in 


news reports, testimony from ranchers who own 


border land, and movies.
Where is liberals' compassion, in their self-absorption and attachment to their own narratives, for the honest citizens of Mexico who are victimized in their own country by the criminal gangs fostered and financed by open U.S. borders?
Liberals have a narrative about the tons of illegal drugs these gangs transport into the U.S., too.  It goes something like this: we did drugs when we were young (Choomer Obama), and it didn't harm us.  Look at us now: we're running things, and isn't the world a better place?  Those deplorables dying of heroin overdoses in flyover country?  The real problem is the War on Drugs.  If only we legalized and taxed drugs, unfortunates could get drugs easily and wouldn't have to go into debt and commit crimes to finance their habits.  With the taxes, we could finance more social programs.  The people who can't control themselves?  We can medicalize their addictions and give them unlimited health care.
Shutting down the U.S. border will reduce or eliminate the power and wealth of these criminal gangs and their stranglehold over Mexican society.  Once they no longer have access to the U.S. border, they will no longer have access to the source of their wealth and power.
Trump's wall will eliminate the reign of terror under which Mexico's honest citizens have lived for a long time.  The benefits that a wall will bring to Mexican civil society and to law and order should be reasons for liberals to support Trump's wall.  These benefits are also why Mexico, once it has overcome the perceived affront to its dignity, will gladly pay.
Shutting down the U.S. border will also 


dramatically reduce the flow of illegal drugs 


into the U.S., with all their negative economic 


and social consequences.
I'm waiting for a liberal to argue against these benefits, but I haven't found one yet.


CAUTION!


HERE IS THE MEXICO POURING OVER OUR OPEN AND UNDEFENDED BORDERS AND HAULING BACK BILLIONS FROM HEROIN SALES!

GRAPHIC IMAGES of America coming under Mex Occupation

The NARCOMEX drug cartels now operate in all major American cities and haul back to NARCOMEX between $40 top $60 BILLION from sales of HEROIN!





ILLEGALS & WELFARE
70% OF ILLEGALS GET WELFARE!
“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”
CIS

 REVOLUTION IN MEXICO: Will It Spread Over America’s Open Borders?
LOS ANGELES: Mexico’s Second Largest City, First Place for Billion Dollar Mexican Welfare, Number 1 for Mexican Murder and Western Gateway For the LA RAZA Mexican Drug Cartels
TEXAS GOV FIGHTS BACK LA RAZA MEX OCCUPATION!
WHY ARE ILLEGALS ABOVE THE LAW?

SANCTUARY CITIES and SANCTUARY STATE of CALIFORNIA: The LA RAZA welfare state on our backs!

"The American Southwest seems to be slowly 

returning to the jurisdiction of Mexico 

without firing a single shot."  --

EXCELSIOR --- national newspaper of 

Mexico



REMITTANCES ….. are only part of Mexico’s 

looting… and billions for anchor  baby breeders, 

billions for heroin sales and then do the numbers!




Mexicans abroad sent home nearly $2.4 billion in transfers in November, 24.7 percent higher than a year earlier, marking their fastest pace of expansion since March 2006, according to Mexican central bank data on Monday…

Thursday, January 26, 2017

TRUMP AND GOLDMAN SACHS LAUNCH OBAMA-CLINTONOMICS TO SERVE THE SUPER RICH

Wall Street’s Trump euphoria propels Dow above 20,000

Wall Street’s Trump euphoria propels Dow above 20,000



"..buoyed by Trump’s promises of massive tax cuts for corporations and the rich, the wholesale lifting of business regulations, a massive expansion of military spending, and the prospect of a full-scale attack on social programs."


"The presence of three former Goldman Sachs executives in top positions in the Trump administration, in addition to Clayton, helps explain the frenzied runup in the share prices of major banks. Goldman Sachs and JPMorgan Chase together account for some 20 percent of the rise in the Dow since 

November 22."



Wall Street’s Trump euphoria propels Dow above 20,000
By Barry Grey
26 January 2017
On Wednesday, Wall Street celebrated the installation of an administration staffed by CEOs and pledged to remove all obstacles to corporate profit-making by pushing the Dow Jones Industrial Average above the 20,000 level for the first time in history. US stock indexes have been soaring since the November 8 election of Donald Trump, with the Dow rising 9 percent in just 11 weeks.
The blue chip index gained 155 points to close at 20,068 on Wednesday. The Standard & Poor’s 500 and Nasdaq indexes also recorded strong gains and ended the day in record territory.
Trump hailed the record-breaking close with a tweet: “Great!#Dow20K.” His senior economic adviser, the former hedge fund boss Anthony Scaramucci, congratulated Trump for the market surge, tweeting, “Stock market performance in 6 weeks following President Trump’s victory is best among all elections since 1900#ThankYouTrump.”
The record close came one day after Trump issued orders aimed at removing all obstacles to the completion of the Keystone and Dakota Access pipelines, demonstrating his contempt for environmental concerns and the sentiments of Native American tribes and their supporters, who have been protesting for months against the Dakota project’s threat to the Standing Rock Reservation’s water supply and traditional lands.
This boon to the energy and materials corporations and their Wall Street backers coincided with meetings between Trump and corporate CEOS on Monday and Tuesday at which the billionaire real estate mogul-turned president reiterated his pledge to gut health and safety and environmental regulations and slash corporate taxes.
In remarks just prior to meeting Tuesday with the CEOs of the US-based auto companies, Trump promised to shift the business climate “from truly inhospitable to extremely hospitable.” He called current business regulations “out of control.” Administration officials broadly hinted that Trump would meet one of the auto bosses’ key demands by rolling back fuel efficiency standards. On Monday, Trump told a meeting of a dozen CEOs that his advisers thought “we can cut regulations 75 percent, maybe more.”
Other actions Trump has taken in the five days since his inauguration include a freeze on all pending regulations and a hiring freeze for all federal agencies.
While there have been certain improvements in the economic situation in the US and internationally in recent months, including signs of stronger growth in Europe and an upsurge in fourth quarter US corporate profits, these changes do not explain the extraordinarily rapid rise in the American markets.
The surge began the day after Trump’s November 8 election victory, as the markets, initially shaken by the unexpected defeat of their favored candidate, Democrat Hillary Clinton, turned sharply upward, buoyed by Trump’s promises of massive tax cuts for corporations and the rich, the wholesale lifting of business regulations, a massive expansion of military spending, and the prospect of a full-scale attack on social programs.
As Trump began to name one billionaire or multi-millionaire after another to his cabinet, along with ex-generals and far-right opponents of public education, Medicare and Social Security, housing assistance, environmental protections, the minimum wage and occupational health and safety, the upward spiral on Wall Street accelerated. It is barely two months since the Dow first hit 19,000.
The rise stalled for several weeks while the financial elite waited to see if Trump really intended to carry out the social counterrevolution to which he had alluded during the campaign. The markets soared once again after Trump’s installation and initial pro-corporate moves.
Trump is the embodiment of the American financial aristocracy, in all its brutish and violent backwardness and criminality. What the markets are celebrating is a government that in an unprecedented manner openly functions as the instrument of this oligarchy.

On Wednesday, the Wall Street Journal if anything understated the greed-driven euphoria in corporate and financial circles in an article headlined “CEOs Savor New Washington Status.”

“For CEOs,” the Journal wrote, “the moves have sent a message that their stock is rising in Washington, with some betting that they will have a bigger say in running the country…
“Along with [former Exxon Mobil CEO Rex] Tillerson at State, billionaire investor Wilbur Ross [Commerce], former Windquest Group chairwoman Betsy DeVos [Education], Andy Puzder, chief executive of CKE Restaurant Holdings [Labor] and former World Wrestling Entertainment CEO Linda McMahon [Small Business Administration] have been tapped to play big roles in his administration.”
The Journal could have added, among others, longtime Goldman Sachs lawyer Jay Clayton the head the main Wall Street regulation, the Securities and Exchange Commission.
The presence of three former Goldman Sachs executives in top positions in the Trump administration, in addition to Clayton, helps explain the frenzied runup in the share prices of major banks. Goldman Sachs and JPMorgan Chase together account for some 20 percent of the rise in the Dow since November 22.
Trump’s plan to “make America great again” is a drive to wipe out every social gain won by the working class in the course of more than a century of struggle and return to a supposed “golden age” when the corporations could plunder and pollute the country to their heart's content.
The fraud of Trump’s “concern” for the American worker is exposed by the reality of the forces that are actually benefitting from his policies.
One of the Goldman alumni chosen by Trump for top posts in his administration is Gary Cohn, the bank’s former president and chief operating officer. In return for his leaving the bank and assuming the post of director of Trump’s National Economic Council, Goldman is handing Cohn more than $285 million in bonuses, stock holdings and other investments, according to Bloomberg News.
The Wall Street Journal, in an article published Tuesday titled “Bankers Cash In on Post-Election Stock Rally,” reported that executives of major Wall Street banks have sold almost $100 million worth of stock since the election, more than in that same period in any year for the past decade.
In addition to the share sales, bank officials have sold another $350 million worth of stock to cover the cost of exercising stock options.
Morgan Stanley CEO James Gorman, according to the newspaper, sold 200,000 Morgan Stanley shares three days after the election, and has since sold another 385,000 shares, altogether realizing a profit of at least $8.4 million.
Six Goldman Sachs executives, as well as board member and ex-finance chief David Vinar, exercised 983,000 options, representing $200 million worth of shares.
The advent of Trump has already boosted the fortunes of Wall Street bankers by millions of dollars, and this is only a small preview of the colossal plundering of the American and world economy that is to come.
All the more politically criminal are the efforts of the Democrats, including supposed “left” figures such as Bernie Sanders and Elizabeth Warren, to lend credibility to Trump’s claims to be fighting for American workers by backing the new president’s xenophobic “America First” policies of economic nationalism and trade war.



TRUMPERNOMICS: A NATION RULED BY GOLDMAN SACHS

"The same period has seen a massive growth of social inequality, with income and wealth concentrated at the very top of American society to an extent not seen since the 1920s."


"He (Trump) is able to get a hearing because millions of people are being driven into economic insecurity and poverty while the rich and the super-rich continue to amass obscene levels of wealth. He is able with some success to divert mass discontent along reactionary nationalist and racialist channels precisely because what passes for the “left” in American politics, anchor by the Democratic Party, has moved ever further to the right, culminating in the Obama administration which has presided over endless war and an unprecedented redistribution of wealth from the bottom to the top of the economic ladder."

TRUMPERNOMICS:


"The collection of billionaires, bankers, CEOs, 



generals and social arch-reactionaries that will 



comprise his cabinet and White House inner 



circle is pledged to remove all constraints on the 



ability of the rich to plunder American society 



for their own personal gain and profit."


THE IMPACT OF TRUMPERnomics AND THE MASSIVE TRANSFER OF WEALTH TO THE SUPER RICH

AMERICA: One paycheck and two illegals away from homelessness.


"The economists found that the pre-tax share of national income received by the bottom half of the US population has been cut nearly in half since 1980, from 20 percent to 12 percent, while the income share of the top one percent has nearly
doubled, from 12 percent to 20 percent."



SOARING POVERTY IN AMERICA’S OPEN BORDERS


TRUMPERNOMICS FOR THE SUPER RICH:



“In the US, the working class will confront a government unlike any other in American history, which will continue and intensify a decades-long social counterrevolution overseen by the Democrats and Republicans. The incoming Trump administration is manned by billionaires, generals and arch reactionaries. It is a government of, by and for the oligarchy, committed to destroying every remaining gain won by workers over the past century.”


TRUMP’S CABINET OF STOOGES, LOOTERS and CRONIES


Puzder’s nomination is of a piece with 



Trump’s other cabinet choices. Betsy DeVos, 



an enemy of public education, has been 



selected to head the Department of 



Education. Ben Carson, the neurosurgeon 



known for his antipathy towards government 



“interference” in housing regulation, has 



been nominated as the Housing and Urban 



Development Secretary.


ANDREW PUZDER:


ENEMY OF THE AMERICAN WORKER and ADVOCATE FOR OPEN BORDERS

TRUMP'S OPEN BORDERS AND AMNESTY/ NON-ENFORCEMENT POLICIES WILL HELP KEEP THE HAMBURGER INDUSTRY WELL STOCKED WITH "CHEAP" LABOR ILLEGALS.... The America people will then be forced to pay the REAL cost of all that staggeringly expensive labor



“Yet Andrew Puzder, the chief executive of the company that operates Carl’s Jr. and Hardee’s, has been chosen by President-elect Donald Trump as labor secretary.”


“Mr. Puzder, however, has been adamantly opposed to a meaningful increase in the federal minimum wage, which is $7.25 an hour. Mr. Trump has said he could stomach an increase to $10, which is still abysmal.”


“Here is the record at those restaurants. When the Obama Labor Department looked at thousands of complaints involving fast-food workers, it found labor law violations in 60 percent of the investigations at Carl’s Jr. and Hardee’s, usually for failure to pay the minimum wage or time and a half for overtime.”



HOW MANY HAMBURGER JOINTS HIRE 



legals????


 TRUMP VOWS TO KEEP OBAMA’S CRONY BANKSTERS LOOTING
MNUCHIN: THE  FORECLOSURE  MACHINE!

The FDIC paid OneWest $1 billion, which Stein said went to “billionaire investors … to cover the close of foreclosing on working class, everyday American folks.”
“But the bank came under fire for its foreclosure practices as housing advocacy groups accused it of being too quick to foreclose on struggling homeowners. In 2011, dozens of demonstrators descended on Mnuchin's $26.5 million home in he wealthy Bel Air neighborhood to protest OneWest's eviction tactics, according to the Los Angeles Times.”
TRUMPERnomics:
AFTER OBAMA-CLINTONIMCS, THE LOOTING OF AMERICA BY THE RICH TO CONTINUE UNDER THEIR OWN, DONALD TRUMP


TRUMP FILLS THE “SWAMP” WITH CRONY BILLIONAIRES!

"Far from Trump’s demagogic claims that he would 'drain the swamp,' the corrupt nexus between Wall Street and Washington is tighter than ever."


OBAMA-CLINTONOMICS is now the new TRUMPERnomics!
TRUMP VOWS TO SERVE THE RICH WITH SUPER OBAMA-CLINTONIMCS!
There is a vast chasm between this empty populist rhetoric and the personnel that Trump has selected to populate his government. The speech followed a series of cabinet picks, including billionaire asset strippers, Wall Street bankers, and dedicated opponents of financial and corporate regulations, public education and Medicare and Medicaid, to lead the Treasury, Commerce, Education and Health and Human Services departments.

TRUMP  IMPOSES  OBAMA-CLINTONOMICS:  Cut Federal Pensions and Medicare to Cover Tax Cuts For the Super Rich
"Trump is not the initiator of this class war against working people. It has been underway for decades, beginning in earnest with the election of Ronald Reagan in 1980 and continuing under every succeeding administration, including the eight-year tenures of Democrats Bill Clinton and Barack Obama. The colossal redistribution of wealth and income from the bottom to the top of American society reached record proportions under Obama, whose legacy of falling living standards and worsening economic crisis for tens of millions of workers was a decisive factor in the victory of the fascistic demagogue and con artist Trump."

THE TWISTED ROAD TO REVOLUTION CAME DOWN WALL STREET

FIRST



"Between 2002 and 2015 annual earnings for the bottom 90 percent of Americans rose by 

only 4.5 percent, while earnings for the top 1 percent grew by 22.7 percent, according to the

Economic Policy Institute. Under the Obama administration, more than 90 percent of 

income gains since the so-called “recovery” began have gone to the top one percent."

 



 “Our entire crony capitalist system, Democrat 




and Republican alike, has become a kleptocracy 



approaching par with third-world hell-holes.  This 



is the way a great country is raided by its elite.” 



---- Karen McQuillan THEAMERICAN 



THINKER.com

 



Wikileaks exposes Obama’s bankster-infested

 

administration!



BARACK OBAMA …… the banksters’ RENT BOY!
 “Citigroup’s recommendations came just three days after then-President George W. Bush signed into law the Troubled Asset Relief Program, which allocated $700 billion in taxpayer money to rescue the largest Wall Street banks. The single biggest beneficiary was Citigroup, which was given $45 billion in cash in the form of a government stock  purchase, plus a $306 billion government guarantee to back up its worthless mortgage-related assets.”

MUCH MORE HERE:


“As president, Obama not only funneled trillions of dollars to the banks, he saw to it that not a single leading Wall Street executive faced prosecution for 
the orgy of speculation and swindling that led to the financial collapse and Great Recession, and he personally intervened to block legislation capping 
executive pay at bailed-out firms.”


CRONY BANKSTER LOOTING OF AMERICA

 THEIR GOLDEN AGE OF PLUNDER IS NOT OVER!



NO PRESIDENT IN HISTORY SUCKED IN MORE 



BRIBES FROM BANKSTERS NOR INFESTED HIS 



ADMIN WITH BANKSTER CRONIES MORE THAN 



OBAMA!

And while the Obama administration worked systematically to bail out the banks and make the financial oligarchy richer than ever, shielding the architects of the Great Recession from criminal prosecution, it did impose fines for some of the banks’ grossest swindles, including the sale of worthless subprime mortgage-backed securities, the rigging of key global interest rates such as the London Interbank Offered Rate (Libor), drug money laundering, illegal home foreclosures and other illicit activities.

BARACK OBAMA , HIS CRIMINAL BANKSTERS AND THE LA RAZA

MEXICAN DRUG CARTELS….

There’s more than one way to destroy America’s white middle class!



HSBC laundered hundreds of millions and perhaps billions of dollars for drug cartels responsible for the deaths of tens of thousands of people over the past two decades. The bank transferred at least $881 million of known drug trafficking proceeds, including money from the Sinaloa Cartel in 
Mexico, which is known for dismembering its victims and publicly displaying their body parts.




TRUMPERNOMICS: The Goldman Sachs Doctrine of Unbridled Looting


THE FINAL TRANSFER OF AMERICA’ ECONOMY TO THE SUPER RICH!

 

http://mexicanoccupation.blogspot.com/2016/09/barack-obama-and-his-crony-bankstershow.html


AMERICA’S ECONOMIC ARMAGEDDON – The Impact of TRUMPERNOMICS
Under Obama-Clintonomics, the rich became VERY rich and we got the tax bills for their bailouts and crimes! Trump and his Goldman Sachs regime will double the numbers of rich and quadruple the number of LEGALS living in poverty.


TRUMPERNOMICS:  SERVING THE SUPER RICH OFF MIDDLE AMERICA’S BACK:


The slow and painful death of America that dominates American society."


http://mexicanoccupation.blogspot.com/2016/08/serving-super-rich-obama-clintonomics.html

Wall Street’s Trump euphoria propels Dow above 20,000

Wall Street’s Trump euphoria propels Dow above 20,000


Wednesday, January 25, 2017

TRUMP'S ASSAULT ON AMERICA'S YOUTH - Senate moves toward confirmation of billionaire opponent of public schools

Senate moves toward confirmation of billionaire opponent of public schools

Senate moves toward confirmation of billionaire opponent of public schools

By Isabelle Belanger 

25 January 2017
The confirmation of Trump’s pick for education secretary, billionaire proponent of school privatization Betsy DeVos, is being rushed through despite blatant conflicts of interest and her ignorance of basicfederal education laws. In a letter Monday, Tennessee Republican Senator Lamar Alexander, chairman of the Senate Committee on Health, Education, Labor & Pensions, rejected Democratic Party requests for a second hearing. The Republican-controlled Senate will vote on the confirmation January 31.
DeVos and her husband are estimated to have a net worth of $5 billion. Her family has donated a quarter of million dollars to four of the senators—including Alexander—present at her first education committee hearing on January 17. The family has paid nearly a $1 million to 21 Republican senators who will vote on her confirmation next week, in addition to
the $2.25 million the DeVos’ gave last fall to the Senate Leadership Fund, a super PAC tied to Senate Majority Leader Mitch McConnell.
The first hearing took place before the Office of Government Ethics was able to review the immense DeVos financial holdings for potential conflicts of interests. Both Dick and Betsy DeVos have investments and political ties to numerous organizations committed to school privatization and right-wing religious objectives, which could directly benefit
from her confirmation. 


One involves the student loan collection agency
Performant,  
which does business with the Department of Education. The family’s private investment and management firm, RDV  Corporation, is affiliated with LMF WF Portfolio, a limited liability corporation listed in regulatory filings as
one of  several firms involved in a $147 million loan to Performant  Financial Corporation, the Washington Post reported.
Performant had 14 contracts worth more than $20
million—equivalent to 23 percent of its revenue—with the Department of Education. It recently lost a contract bid and is now protesting the decision with the Government Accountability Office.


If confirmed, the Post reported, “DeVos would be in 

a position to influence the award of debt collection, 

servicing and recovery contracts, in addition to the 

oversight and monitoring of the contracts. She

would also have the authority to revise payments 

and fees to contractors for rehabilitating past-due 

debt.”
Rejecting the request for a second hearing,
Alexander said DeVos was currently answering “837 written follow-up questions”
and that she has already “spent considerably more time answering questions of
committee members than either of President Obama’s education secretaries. I do
not know why our committee should treat a Republican nominee so differently
than the nominee of a Democratic president.”
During the January 17 hearing DeVos demonstrated
her hostility towards public education and the basic democratic principle that
all children, regardless of socio-economic background, race or disabilities,
should be provided a high-quality public education.
After being asked if she agrees that all
schools—public, charter or private—that receive federal funding should be
required to comply with the Individuals with Disabilities Education Act (IDEA),
a federal civil rights law, she responded that it would be a “matter … best
left to the states.” She then referred to a Florida program that requires
parents to sign away their IDEA rights in exchange for a private school
voucher.
When asked by Sen. Tim Kaine (D-Va.) if all
schools receiving federal funds, whether public, charter or private schools
receiving voucher money, should be held to the same standards of
accountability, she repeatedly evaded the question, stating only that she
supports “accountability.”
When questioned about gun-free zones around
schools, proposed after the Sandy Hook, Connecticut school massacre in 2012,
DeVos gave a bizarre answer citing the need for guns to protect against grizzly
bear attacks in a Wyoming school.
As the World Socialist Web Site detailed in its series, “Betsy DeVos:
Religion and profit in the war on public education” (Part One and Part Two),
the appointment of DeVos is aimed at destroying public education and funneling
even more public money into the hands of for-profit charter operators,
religious institutions and other businesses. She is one of several Trump
cabinet and sub-cabinet selections, including for the departments of Health and
Human Services, Housing and Urban Development and Labor, as well as the EPA,
who are tasked with destroying social reforms that the corporate and financial
oligarchy considers illegitimate deductions from their profit.
DeVos, the former Republican Party chairwoman in
Michigan and chair of the school privatization group American Federation for
Children, pushed for laws for the use of public funds to pay for private school
tuition and the spread of charter schools, with little or no oversight.
Michigan now has one of the highest number of charters and largest percentage
run by for-profit companies in the country.
Last week, the state School Reform Office
announced that 38 schools—including 24 in Detroit—could soon be closed because
they have ranked in the bottom five percent for academic performance since
2014. If the schools are not closed, under the state’s law, academics can be
put under the control of a CEO, the principal and half the staff can be
replaced or the school could be converted into a charter school.
The grandstanding of the Democrats as the
defenders of public education, however, is completely fraudulent. The stage was
set for DeVos by the Democrats who have colluded with the Republicans in a decades-long
assault on public education. In the 1990s, President Bill Clinton first adopted
the right-wing, pro-market nostrums of “school choice” long promoted by the
Republican right and it has been central to the Democratic Party, on the
federal, state and local level, ever since.
For eight years, the Obama administration and
congressional Democrats worked with Republicans to implement and intensify the
anti-public-school measures contained in the Bush administration’s No Child
Left Behind Act of 2001. The use of standardized tests to scapegoat teachers
for the educational problems caused by decades of school cuts and the growth of
poverty escalated under Obama. Restrictions on allocations of Title I funding,
intended to increase financial support to schools serving high percentages of
students in poverty, were replaced by competitive grants known as Race To The
Top, pitting poor schools against each other in a competition for desperately
needed Title I funds. The number of students in charter schools more than
doubled under Obama and his education secretary, Arne Duncan.
Far from “grilling” DeVos at the hearing,
Democrats never asked about her financial and political ties to organizations
such as the Acton Institute, which is dedicated to ending compulsory education
for children and legalizing child labor. In the end, this was political
theater.
Committee members include Patty Murray
(D-Washington), who has long experience collaborating with Republicans to enact
deep social cuts, Hillary Clinton’s former running mate Tim Kaine (D-Virginia),
who called for a 26 percent reduction in funding to public colleges and
universities in Virginia in his final term as Governor, and Elizabeth Warren
(D-Massachusetts) who, in her book, The Two Income Trap: Why Middle-Class Parents
Are Going Broke
, (2003), called for the introduction of a universal
school voucher that would allow families to send their children to any public
school, which would to the closure of many inner-city schools.
The handing of the education secretary’s
position to a billionaire and avowed enemy of public education will lead to an
immense escalation of the war against this most basic democratic right. Neither
the Democrats nor the teacher unions will do anything to oppose these attacks.
The American Federation of Teachers and the National Education Association,
which openly collaborated with Obama, will, if anything, be more willing to
offer up their services in suppressing the opposition by teachers, out of fear
that they will be cut out of the process of pro-business “school reform.”
The coming months and years will see the
eruption of social opposition to the destruction of public education. This must
be politically independent from both corporate-controlled parties and advance
an anti-capitalist program against the domination of society by the corporate
and financial aristocracy, which is now putting one of its own in charge of
public education.

US student loan corporation faces lawsuit for cheating millions

THE LOOTING OF AMERICA! FUCKERS AT NAVIENT TAKE LESSONS FROM AMERICA'S BIGGEST PLUNDERING BANKSTERS!
US student loan corporation faces lawsuit for cheating millions
By Seb Gomez
24 January 2017
Navient, the largest servicer of student loans in the United States, has recently been targeted by the Consumer Financial Protection Bureau (CFPB) and the state attorneys general of Washington and Illinois for misleading borrowers and other illegal practices that increased the loan repayment costs for millions.
Navient oversees some $300 billion in student loans for more than 12 million borrowers, 6 million of which are under contract with the Department of Education. In total the Delaware-based corporation, which was formed out of Sallie Mae in 2014, accounts for nearly one fourth of all student loan borrowers. The lawsuit alleges that every account may have been affected by the malpractice.
Navient is charged with misleading borrowers away from cheaper income-based payment plans in order to inflate loans with higher interest rates. Borrowers are legally allowed to change payment plans as they please. However, Navient is accused of advising its customer service employees to press customers away from the income-based plans and into forbearance, a short-term postponement of payment normally appropriate for those with temporary financial difficulty.
Those placed into forbearance without proper knowledge of the terms face significantly higher costs, which generally increase the longer the payments are postponed. Such costs include the accumulation of unpaid monthly interest and the addition of unpaid interest to the principal balance of the loan, resulting in a recalculation of the loan based on the compounded interest.
The court filing concluded that from 2010 to 
2015, Navient enrolled 1.5 million borrowers 
in two or more consecutive forbearances, 
more than 470,000 in three consecutive 
forbearances, and 520,000 in four or more. 
In total this amounted to nearly $4 billion in 
extra interest revenue for the company over 
those 5 years.
The lawsuit points out that Navient customer service employees had been incentivized to mislead customers. The longer the call, the less these workers are paid. The process to transition a customer into an income-based payment plan requires multiple and lengthy conversations as well as an online or paper application with income tax documentation.
By contrast, forbearance enrollment can be completed with one phone call and without any paperwork. These findings reveal that the company’s practices had effectively ensured that the employees tasked with helping customers would be financially burdened to actually do so.
Navient also neglected to inform those able to enroll in income-based plans that their enrollment required recertification after a 12-month period. The lawsuit notes that failure to recertify in a timely manner typically increases monthly payments by hundreds to even thousands of dollars and delays the progress toward loan forgiveness.
In addition to Navient’s cost-cutting and selective presentation of information to student loan holders, the company is charged with careless overview of the accounts of injured military veterans. Permanently injured veterans are eligible to have their federal student loans discharged. However, on numerous accounts, Navient improperly marked the forgiven loans as defaults, ruining veterans’ credit scores.

BLOG: BEING A CRIMINAL ENTERPRISE WILL NEVER STOP YOU FROM DOING BUSINESS WITH THE U.S. GOVERNMENT!
Navient and its predecessor, Sallie Mae, have a history of government lawsuits and investigations spanning nearly two decades.
In 2014, Navient was fined $60 million by the Justice Department and the Federal Deposit Insurance Corporation (FDIC) for illegally overcharging military customers. That lawsuit found that the company had intentionally ignored the Servicemembers Civil Relief Act, which caps loan interest rates at 6 percent for active military personnel. In 2008, Sallie Mae struck a settlement with the state of New York for $2 million for conflict of interest practices. The company was found to have been paying for the entertainment and travel expenses of school officials it was doing business with.
The recent filing by the CFPB came just two days before the inauguration of now President Donald Trump. The New York Times reported that immediately following the November election, Navient’s stock value rose to nearly $18 from around $13, reflecting speculation among shareholders that the incoming administration would move to further deregulate finance— including the potential dismemberment of the CFPB.
The CFPB was established by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Since its inception, Republican politicians have unanimously opposed the largely harmless organization, but now with Republican control of the House, Senate and White House, even such nominal reforms can be expected to be pulled back in the near future.
Currently, total student debt towers at more 
than $1.4 trillion, surpassing both credit card 
and auto loan debt. A report released earlier 
this month by the CFPB also found that the 
number of Americans aged 60 and over still 
paying for student debt has quadrupled since 
2005, increasing from 700,000 to 2.8 million
seniors.


THE  GIG JOB – In America, No Legal Need Apply


"Possibly most affected by this shift in the economy is the 

Millennial generation, those  aged 18-30. The report notes that 

more than half of those under age 25 participate in independent 

work, not just in the United States but throughout the European 

Union as well."



AMERICA’S YOUTH STARVE

FOR EIGHT YEARS BARACK OBAMA AND HIS HAREM OF 

CORRUPT DEM POLS HAVE  SABOTAGED OUR BORDERS 

TO EASE TENS OF MILLIONS OF ILLEGALS INTO OUR 

JOBS, WELFARE OFFICES AND VOTING BOOTHS. 






The new reports show that in addition to “traditional” coping strategies of skipping meals and eating cheap food, these teens and pre-teens are increasingly forced into shoplifting, stealing, selling drugs, joining a gang, or selling their bodies for money in a struggle to eat properly.


AMERICA STUDENTS STARVE:

Report on the impact of OBAMA-

CLINTONOMICS


THE IMPACT OF TRUMPERnomics AND THE MASSIVE TRANSFER OF WEALTH TO THE SUPER RICH

AMERICA: One paycheck and two illegals away from homelessness.


"The economists found that the pre-tax share of national income received by the
bottom half of the US population has been cut nearly in half since 1980, from 20
percent to 12 percent, while the income share of the top one percent has nearly
doubled, from 12 percent to 20 percent."



SOARING POVERTY IN AMERICA’S OPEN BORDERS




TRUMPERNOMICS FOR THE SUPER RICH:


“In the US, the working class will confront a government 

unlike any other in American history, which will continue and

intensify a decades-long social counterrevolution overseen by 

the Democrats and Republicans. The incoming Trump 

administration is manned by billionaires, generals and arch 

reactionaries. It is a government of, by and for the oligarchy, 

committed to destroying every remaining gain won by 

workers over the past century.”