THANK YOU REPUBLICANS: GOP Leaders Allow Obama’s Amnesty

boehner

NEIL MUNRO

White House Correspondent

One-third of the GOP’s House members joined with all House Democrats to allow President Barack Obama to implement his unpopular amnesty.

Obama’s amnesty provides work-permits, drivers’ licenses, taxpayers’ money and Social Security benefits to at least 5 million illegal immigrants, even though many Americans are unemployed or underemployed.

The vote capped a three-month, half-hearted effort by the GOP leadership to display opposition to Obama’s November amnesty, which polls show is unpopular among swing-voters and among Americans worried about jobs, and almost completely opposed by the GOP’s base.

The remarkable Democratic victory came only four months after voters gave the GOP leadership a sweeping victory in the November elections, partly because of broad GOP opposition to Obama’s immigration policy.

The GOP’s defeat prompted scorn and anger among conservatives. “Congratulations Speaker [Nancy] Pelosi on your House Majority,” said a tweet from Erick Erickson, the influential editor of RedState.com.

“GOP leaders are not only caving to Obama, they are abandoning the people who just gave them majorities in both Houses,” said David Bozell, president of ForAmerica.

Former Republican Rep. Joe Walsh called for a new political party. “Republicans just joined the Democrats on the amnesty bus. Time for a 3rd Party to represent the rest of us who aren’t on that bus,” he tweeted.

“The President and Senate Democrats always knew the House would capitulate… [and] the federal court system is our last hope to overturn the President’s lawlessness on immigration,” said a statement from Oklahoma Republican Rep. Jim Bridenstine.

The vote “deliberately sabotages our laws, allowing individuals who Congress has expressly mandated be expelled from our nation to stay, to live as citizens, and to hold jobs,” said a statement from Arizona Rep. Matt Salmon.

The GOP’s leadership in the House and Senate staged the March 3 vote after Democrats — aided by their allies in the establishment media — stonewalled funding for the Department of Homeland Security.

Democrats blocked the funding, and then used the media to blame the GOP for the expect budget problems. Amid the media pressure, the GOP leadership arranged the March 3 vote that allowed passage of the toothless budget bill

The toothless bill, dubbed a “clean” bill by Democrats and the media, doesn’t block funding for the amnesty, even though a Texas court has blocked the amnesty for violating federal law.

One hundred and sixty-seven GOP representatives voted against the amnesty bill, but 75 GOP members voted for the toothless bill.

The 75 GOP members allied with 182 Democrats to approve the budget bill, which effectively includes a blank check for Obama’s amnesty which he is funding with fees paid by illegal immigrants.

That final vote was 257 yes, 167 no.

The GOP’s 75 yes voters included many of Boehner’s senior allies, such as Rep. Hal Rogers, the chairman of the appropriations committee, Rep. Fred Upton, chairman of the Energy and Commerce Chairman, Rep. Charlie Dent, chairman of the ethics committee, Rep. Michael McCaul, chairman of the homeland security committee and Rep. Paul Ryan, chairman of the tax-writing ways and means committee.

Boehner tried to blame his planned defeat on the Senate’s Democratic and Republican senators.

TARGET TO LAY OFF THOUSANDS

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Target’s chief executive, Brian Cornell, said Tuesday the retailer will cut several thousand jobs within the next two years as part of a $2 billion cost-savings plan.

The Minneapolis-based company also announced 2015 guidance of $4.45 to $4.65 adjusted earnings per share. Wall Street expected Target’s guidance at $4.50 adjusted earnings per share.

Target also expects digital sales to increase 40 percent and same-store sales between 1.5 and 2.5 percent, with modest improvement in gross margins and expense rates. It projects overall 2015 sales to grow between 2 and 3 percent.

The company’s stock closed at $78, or up 0.41 percent.

For 2016, Target expects earnings per share to increase 10 percent and a 5 to 10 percent dividend growth rate.

Last week, the retailer reported earnings of $1.50 per share on revenue of $21.75 billion, beating Wall Street’s expectations of $1.46 per share on $21.63 billion in revenue. The company’s total U.S. sales also grew by 1.9 percent in 2014.

Target also increased its 2015 first-quarter guidance to 95 cents to $1.05 adjusted earnings per share, up from 92 cents per share the same time last year.

“We’re seeing early momentum in our efforts to transform Target, and our team is entering the new fiscal year with a singular focus on continuing to differentiate our merchandise assortment and shopping experience while controlling costs by reducing complexity and simplifying the way we work,” Cornell said in the company’s latest earnings report.

Target has also reportedly zeroed in on seven grocery categories, including yogurt and beer, to attract younger shoppers. In other words, it will be less reliant on products from General Mills, Kraft Foods and Campbell Soup, Reuters said in a report last week that cited The Wall Street Journal.

ANOTHER BANKER FOUND DEAD IN APPARENT MURDER-SUICIDE!

Screen Shot 2015-03-01 at 4.41.15 PMhttp://youtu.be/roFqy3Abi-4

Why are so many bankers committing suicide? Over 40 in the past thirteen months alone. Do they know something that the general public doesn’t? This is the main question in my mind.

CLOSTER, NEW JERSEY – A JPMorgan Chase & Co. employee and his wife were discovered dead in their home on Friday in an apparent murder-suicide.

Iran Pars Tabacchi, who went by Denise, was found dead on February 6th from strangulation and a single stab wound to the chest. Iran’s husband, 27-year-old Michael Tabacchi died of a self-inflicted stab wound to the chest, according to authorities.
New Jersey officials believe that Michael murdered his wife around 11pm Friday night before killing himself. No motive has been determined at this time.

Officials are not aware of the couple having any financial or marital issues.

An undisclosed text message was sent to Michael’s father from the banker’s cell phone that evening. The text prompted him to drive to his son’s quaint suburban home where he discovered the slain bodies along with a kitchen knife in the floor. There was no note left behind.

Michael worked for J.P. Morgan Chase & Co. in Manhattan since 2009. He served as a Global Custody Product Manager since October 2013. Prior to this position, he was employed as an Operations Analyst by the banking giant.

The couple, who were married in 2013, had a 15 month old son together. The child was found in the home unharmed.

Another New Jersey resident, Julian Knott, who was the executive director of JPMorgan’s Global Network Operations Center was found dead in an apparent murder-suicide last July.

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This is at least the 40th banker who has died under unusual circumstances over the past 13 months.

Source TheAntiMedia.org

Call people who warn of an inevitable economic collapse conspiracy theorists if you will but I say to prepare for hard times ahead. So many reports of the world’s leaders and the super rich prepping while assuring us that there is nothing to be alarmed of, basically making a mockery of those who dare warn others to pray for the best but also prepare for the worst.

Make your own choices, but there is only one clear choice to me. And that is making sure that in case the economy fails, my family and I have adequate resources to survive.

CPAC ATTENDEES PLAN TO WALK OUT ON JEB BUSH

Screen Shot 2015-02-27 at 11.33.25 AM“We are going to get up en masse, and we are going to walk out on him”

By Seth McLaughlin – The Washington Times
A movement is underway to stage an informal protest when former Florida Gov. Jeb Bush hits the CPAC stage Friday.

William Temple, a member of the Golden Isle Tea Party, told The Washington Times that the party doesn’t need another Bush in office, and said that the party should listen to the grass-roots activists that helped fuel their gains in the 2014 election.

“A lot of peoples were not going to come here because they heard Jeb Bush was speaking,” Mr. Temple said before laying out his plan at the Conservative Political Action Conference.

“We are going to get up en masse, and we are going to walk out on him,” the 64-year-old said. “We are not going to interrupt anyone’s speech, but we are all going to exercise our right to [use] the bathroom at the same time.”

Mr. Bush is expected to take part in a 20-minute question-and-answer session on Friday with Fox News host Sean Hannity.
He is leading in many early GOP presidential polls, but also is out of sync with many conservatives because he supports Common Core K-12 education standards and an immigration fix that includes legalizing the millions of people who are living here illegally.

Kristy Campbell, a Bush spokeswoman, said her boss is looking forward to being at CPAC tomorrow and engaging with the crowd during the scheduled question-and-answer session.

“It will be an opportunity to discuss his strong conservative record of leadership. We are hopeful it will resonate with attendees,” Mrs. Campbell said.

Mr. Temple, meanwhile, is a familiar face at CPAC and other conservative events. Sporting a colonial soldier private suit and carrying a yellow “Don’t Tread on Me” flag, he said the Republican party and the mainstream media are underestimating the conservative anger over illegal immigration.

He also said he wants a presidential candidate who will reduce the national debt.

“We want new faces. We want younger faces,” Mr. Temple said.

He said the party should nominate the like of Sen. Ted Cruz of Texas or Gov. Scott Walker of Wisconsin, describing them as “true conservatives.” He called Ben Carson a “good guy.”

“We don’t want another Bush or another Clinton,” Mr. Temple said. “We don’t have royalty in this country, and as much as he is trying to say I am a different Bush, I am a different person — OK, you have had two in your family. Let someone else in there.”

Read more: http://www.washingtontimes.com/news/2015/feb/26/cpac-attendees-plan-walk-out-jeb-bush/#ixzz3Sy4vgn2W
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US ECONOMY SLOWS IN FOURTH QUARTER OF 2014 WITH GDP RISING BY JUST 2.2%

Screen Shot 2015-02-27 at 11.20.37 AMEconomists, however, remain optimistic that the deceleration was temporary

The US economy slowed more sharply in the final three months of the year than initial estimates, reflecting weaker business stockpiling and a bigger trade deficit.

The Commerce Department said on Friday that the economy as measured by the gross domestic product grew at an annual rate of 2.2% in the October-December quarter, weaker than the 2.6% first estimated last month. It marked a major slowdown from the third quarter, which had been the strongest growth in 11 years.

Economists, however, remain optimistic that the deceleration was temporary. Many forecast that growth will rise above 3% in 2015, which would give the country the strongest economic growth in a decade. They say the job market has healed enough to generate strong consumer spending going forward.

The economy is “doing just fine”, said Paul Ashworth, chief US economist at Capital Economics, who noted that although GDP growth slowed in the fourth quarter, the US added an average of 284,000 new jobs from October through December.

For all of 2014, the economy expanded 2.4%, up slightly from 2.2% growth in 2013.

Consumer spending, which accounts for 70% of economic activity, was a bright spot in the fourth quarter. It expanded at an annual rate of 4.2%, down slightly from the first estimate of 4.3% growth but still the best showing since the first quarter of 2006.

Friday’s report was the second of three estimates for fourth-quarter GDP, the broadest measure of the economy’s total output of goods and services.

Sal Guatieri, senior economist at BMO Capital Markets, said that “while the economy ended the year with less momentum than in the summer and fall, average annual growth of 2.9% in the past six quarters still denotes a meaningful upward shift from 2.1% in the first four years of the recovery”.

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The downward revision stemmed largely from slower stockpiling by businesses. Last month, the rise in inventories was estimated to have added 0.8 percentage points to fourth-quarter growth. But that was lowered to a contribution of just 0.1 percentage point in the new estimate. The change, however, will probably translate into stronger growth in the current quarter because businesses will not have to work down an overhang of unsold goods.

Trade also weighed more heavily on growth than first thought, subtracting 1.2 percentage points as imports grew much more strongly than first thought. That could be a reflection of the rising value of the dollar, which makes imported products cheaper for US consumers.

Many analysts believe 2015 will start slowly, in part reflecting the disruptions caused by a rough winter. However, it is unlikely to be as bad as the first quarter of 2014, when heavy snow and cold contributed to a 2.1% plunge in growth.

That big drop was followed by sizzling growth rates of 4.6% in the second quarter and 5% in the third quarter.

Analysts are looking for less of a rollercoaster ride this year. JPMorgan economists say growth will come in around 2.5% in the current quarter and then hover between 2.5% to 3% for the rest of the year. They are forecasting growth of 3.1% for the entire year, a significant improvement from the 2.4% growth seen in 2014.

If the forecast proves accurate, it would be the best GDP performance since the economy grew by 3.3% in 2005, two years before the beginning of worst economic downturn the country has experienced since the 1930s.

Joel Naroff, chief economist at Naroff Economic Advisers, is even more optimistic. He is forecasting economic growth of 3.5% this year.

Naroff and other economists believe the key to the economy shifting into a higher gear will be further improvements in the labour market, when stronger job gains leading to rising wage gains.

“I see 2015 as a really good year for consumer spending because of the wage gains,” Naroff said.

Even though the recession ended nearly six years ago, wage growth has been weak as businesses were able to pay less with so many unemployed looking for jobs.

Several large companies have already signalled a willingness to pay more to retain workers. Retailers like TJX and The Gap, as well as the health insurer Aetna.

News last week that Walmart, the nation’s largest private employer, would also increase its minimum pay could be a sign that a tighter labour market is finally leading to increased wages, some analysts believe.

The unemployment rate has fallen to 5.7%.

The Federal Reserve chair, Janet Yellen, testifying to Congress this week, listed stronger wage growth as one of the elements the central bank is looking for before deciding to start raising interest rates. She said as long as wage gains remained weak and inflation low, the Fed was prepared to remain “patient” in moving to raise rates.

Many private economists believe the Fed’s first move to increase its key rate, which has been near a record low of zero for six years, will not come until June at the earliest.