Larry Kudlow Lies About Immigration

May 12th, 2013

At the 9:56 mark of the CNBC video below, Larry Kudlow says:

“Going back to the mid 1980s; Reagan signed a rather liberal immigration bill. We had a lot of immigrants come into this country. The 80s & 90s were really the high tide. Those were also extremely prosperous decades.”

But if we look at some actual facts, rather than Kudlow’s blatant corporate propaganda, we see something quite different (click chart to enlarge):

USA-Immigration-by-Decade

If we wanted to go back to a Reaganesque level of legal immigration, we would have to chop our current quotas nearly in half. Legal immigration averaged 578,739 per year during the Reagan administration, and since 2001 it has averaged 1,049,560. In other words, Kudlow’s “high tide” is right now, not back in the 80s.

By Kudlow’s logic of “mass immigration = prosperity” our streets should be paved with gold today. Instead, we see a vast impoverished underclass 47-million strong, seemingly on the verge of intifada.

But of course, Kudlow knows that. Kudlow is just doing his part to build what Karl Marx called “The Reserve Army of Labor” – the function of which is to crush wages by flooding the labor market with millions of surplus workers. This army is already huge, but Kudlow is campaigning hard to add more divisions to it. Learn more in my book.

Note: The single-year record for legal immigration was set in 1991. However, Kudlow was talking about decades, so that’s why I used a chart showing decades.

The Cupcake Superpower

May 4th, 2013

If you watch ABC’s Shark Tank you may have noticed that a lot of the start-up companies on the show make food products. I have a theory about that. See if you can guess what it is.

mark cuban cupcake

Mark Cuban eats a cupcake on ABC’s Shark Tank.

More clues can be found in this pro-NAFTA propaganda piece: “Middle-class Mexicans snap up more products ‘Made in USA’

What are the Mexicans snapping up? I have made bold the products in these quotes from the story:

“…marbled slabs of steak from Greeley, cans of pinto beans from Holyoke and sacks of russet potatoes out of Monte Vista.”

“In a Costco store in the suburbs at the edge of Mexico City, shoppers browse shelves loaded with pallets of Kirkland vitamins, value packs of Nature Valley granola bars and sacks of Cape Cod kettle-cooked potato chips.”

“The biggest growth came in modern retail chains, filled with U.S. products, that are challenging, for better or worse, the traditional mom-and-pop stores doling out soda, eggs and tortillas.”

“At Costco, even the walls in the butcher aisle boast the USDA Premium and USDA Choice labels, in English.”

“In Mexico’s Costco stores, staples such as tortilla chips and chipotle salsa are trucked in from factories in California and Texas that produce for both sides of the border.”

“The Mexican consumer is less focused on price and more focused on freshness,” said Sonia Denham, a senior sales manager for California organic produce giant Earthbound Farms, which supplies Costco stores in Mexico and the United States.”

“Jim Walstrom, chief executive of Motely, Minn.-based Morey’s Seafood International, said his company’s relationship with Costco has opened doors to a vast market of 114 million Mexicans who will increasingly serve items such as Pacific salmon and mahi-mahi to their families.”

Almost every product mentioned was a food product. And what do we buy from Mexico?

“…televisions, cellphones, computers and passenger vehicles.”

Well sell Mexico potato chips, and they sell us electronics and cars! Can you imagine?

Perhaps one day Mitt Romney will figure out how to import cupcakes from his sweatshops in China and put American bakers out of business. But until then, food products are one of the last refuges from globalization for American entrepreneurs.

But that is little solace as we revert back to being an agricultural nation. And it is ironic that that is exactly what the British Empire had planned for their American colonies 250 years ago. Here’s Adam Smith trying to talk the colonists into remaining country bumpkins (Wealth of Nations, page 299):

“Were the Americans, either by combination, or by any other sort of violence, to stop the importation of European manufactures, and, by thus giving a monopoly to such of their own countrymen as could manufacture the like goods, divert any considerable part of their capital into this employment, they would retard, instead of accelerating, the further increase in the value of their annual produce, and would obstruct, instead of promoting, the progress of their country towards real wealth and greatness.”

Either Smith was a buffoon, or an intelligence agent acting on behalf of the British Empire trying to keep America down. Luckily, our forefathers didn’t listen. They threw up tariffs, and launched an industrial revolution of their own. Today, that is all being undone, as we race down the path to being the Cupcake Superpower.

Nailed It – Jobs Revised Upward

May 3rd, 2013

On April 5th, investors were jolted when the non-farm payrolls report came in at +88,000 – missing expectations by a mile. However, the day before on ritholtz.com, I wrote:

“If a weak number is reported, the odds favor it will likely be revised upward in the future.”

And what happened today?

BLAM-O!!!

That’s what.

Not only did the non-farm payrolls report show +165,000 jobs for April, beating expectations, but also +114,000 in revisions for February and March. The S&P 500 blasted to an all-time high.

So, I totally nailed it. How did I do that? Easy: tax collections don’t lie. Companies go to great lengths to avoid paying taxes, squirreling away their money in the Caymans, making employees “independent contractors”, floating bonds when they have billions in the bank, etc. So, when tax collections are strong, it’s pretty much guaranteed that lots of jobs are being created.

And if you subscribed to The Daily Jobs Update, you would know all about it.


Will I Have to Fight the Nazis All by Myself?

April 27th, 2013

When I first came across the “Amazon Employs Nazis” story back in February, I anticipated a burst of outrage across the web. I fired up my RSS reader where I subscribe to over 100 podcasts and blogs. But as I scanned through them, I found something more shocking than the return of fascism itself:

Crickets.

The response to the story was surprisingly muted. Many mentioned the story, but in a desultory fashion. I was baffled. Where was the outrage?

A few weeks went by, and then the lightbulb over my head finally lit up, and I solved the riddle:

Lots of people doing business with Amazon.

People sell books through Amazon. People participate in their affiliate program. People host websites in their cloud. People take venture capital investments from them. People own their stock. Etcetera.

Amazon’s tentacles spread far and wide. Even I have a Kindle book in their store. However, in my book, I make the case that the size of corporations should be limited to prevent just this sort of all-encompassing influence. If Amazon wants to kick me out, then so be it.

What about you?

Because the hard truth is that if you do not raise your voice against the Nazis, you are effectively joining up with them. Now, I am not calling on you to stop doing business with Amazon. However, I am calling on you to oppose their fascist acts, and the fascist acts of other multinationals.

As far as I can tell, the manager who hired H.E.S.S. has not been identified or fired. I’m sure that he was a subcontractor of a subcontractor of subcontractor of Amazon, but that is no excuse. All of the multinationals are organized that way purposely to provide deniability for their dirty deeds. Another practice that I recommend banning in my book.

When labor unions are allowed to run wild, you end up with communism. When corporations are allowed to run wild, you end up with fascism. In both cases, people get marched into death camps. Personally, I subscribe to what I call the “Three Stooges Solution” to this problem of organizing society. It’s very simple, like Moe, the government slaps around Larry and Curly until they are cowed and compliant, and everybody plays nice together.

This may, in fact, be the single most important function of government. And it works. Just look at the way they do it in Germany: labor unions actually have seats on the board of directors of large companies. The German government enforces peaceful cooperation, and the result is arguably the most-successful industrial economy in the world.

Here in the USA, corporations are allowed to run wild, and have largely wiped out unions, captured control of the federal government, and gotten themselves declared to be “people.” This country is moving in a fascist direction – rapidly.

When the next atrocity occurs, and it is only a matter of time, I want to see more voices raised.

This means you.

So far, modern Nazis are only persecuting the poor and jobless. Working them like Alaskan sled dogs in their satanic mills. Chewing them up and spitting them out just as poor as they were when they were hired. Converting blood, sweat, and tears into record corporate profits. Perhaps these Nazis will limit themselves to monetizing the surplus humans of the world. Perhaps they will march on other peoples. I mean, if there is no opposition, why would they stop?

Books Are Like Kryptonite to a CEO

April 20th, 2013

I was listening to former General Motors CEO, Edward Whitacre, Jr. droning on in a podcast, and was just about to hit the fast-forward button when I was jolted awake by this amazing statement:

“You learn by observing, watching, asking a lot of questions, and that’s the way I went at it. I didn’t do a lot of reading…”

Whitacre knew nothing about cars when he got the CEO job at GM. And not only did he not read anything about auto manufacturing, he sneered at the very concept of reading. Listen to how he says the word at the end of this audio clip:

So, Corporate America, there’s your trouble right there: anti-intellectualism.

Apologies to Chris Rock.

(Note: the audio clip above is from C-SPAN.

Slave-Labor Meme Gains Steam

April 13th, 2013

Almost two years ago, I created a “slave labor” category on this blog, and wrote the first post in that category: “Caught Slaving – Again.” Since then, I have been crusading against the return to a slave-labor based economy – pretty much a one-man crusade. So, I was shocked to see slave labor discussed on CNBC, of all places, on Friday’s episode of The Kudlow Report. And it wasn’t a Democratic pundit who brought it up; it was Republican Ann Coulter. And she also brought an argument that you normally only hear from Democrats: that “welfare” programs like food stamps are really a subsidy to companies that employ workers at slave-labor wages. For example, near the end of the video below, she says:

“I’m subsidizing the cheap businessman’s cheap labor.”

Coulter also thinks that the 14% jump in young black men voting for Romney is because of his tough position on immigration. I have outlined in red the polling data from Pew Research:

young-black-men-vote-romney

As far as I can tell, nobody really knows why so many young black men ditched Obama. However, it is indeed possible that Coulter is correct, and blacks are becoming increasingly aware that their high unemployment rate is due to mass immigration. I’m sure that Romney personally fired many African-Americans as he was shipping jobs to China en-masse during his long destroying-America career, but there was more noise about his immigration position during the debates, what with “self-deportation” and all. So, it is indeed plausible that that is the reason why those black men switched parties. They just want their jobs back, and Obama has not delivered, but rather has made things worse.

Of course, we don’t want to give too much credit to Coulter, because like she said in the video, under the “right” circumstances she would erase the USA’s borders just as eagerly as Kudlow and Norquist would. And the minimum wage; and child-labor laws, etc. However, if subsequent research finds that blacks do indeed want an end to mass immigration, the Republicans might seize the opportunity to steal the black vote from the Democrats.

And then the “Party of Lincoln” would have come full circle. The Republican Party was formed to end slavery, and that’s exactly what their first president, Abraham Lincoln, did. However, in recent decades, the Republicans have pulverized the black community under the globalist, neoliberal “leadership” of David Rockefeller. Their jobs have been sent abroad, and what few remained have been taken over by a massive wave of immigration – all in the name of cheap labor.

It’s hard to believe that the Republicans would once again fight against slavery, but I don’t see the Democrats racing to do it. In fact, I see even the labor unions agreeing to a larger tidal wave of immigration. And it might be the only way for the Republican Party to survive, because as we saw in 2012, Asians and Latinos are running away from them.

Today, all three major political factions are neoliberal: Republicans, Democrats, and Libertarians. But as the Urban Intifada intensifies, it is very possible that the first party to turn against neoliberalism will be the party that carries the day in the future. Neoliberalism is the cancer just waiting for a political party to come along and win glory by excising it.

Will Our New Slaves Be Allowed to Vote?

April 10th, 2013

The USA is currently experiencing the highest rate of immigration in our history; nearly triple the average rate. Last year, we brought in 1 million legal immigrants, and 700,000 guest workers. That’s quite a lot of people to find jobs for, right? And since the unemployment rate has remained stubbornly high, it would be crazy to increase the rate of immigration, wouldn’t it?

Well, yes, but “crazy” rules the day. The crazy Republicans want more cheap labor to accelerate the Oligarchy’s goal of moving the economy back toward the Robber Baron/Confederate model of sweatshops and slave plantations.

The crazy Democrats want mass immigration because they believe the fresh bodies will vote Democratic, and thus assist them in their dream of ethnic-cleansing the Republicans once and for all.

So, yes, there will be an even larger wave of mass-immigration. The only question is: when will they be able to vote? The Republicans want 15 years to figure out how to weasel out of the agreement. The Democrats want millions of freshly-minted voters ready for the next major election.

Meanwhile, pouring millions more immigrants onto the growing Urban Intifada might just blow up the country before either party achieves its self-serving goal.

Note: see my immigration charts here.

The Revolting Bank of Canada

April 9th, 2013

In Canada, it is illegal to replace citizen workers with foreigners. But it appears that Canadian banks are above the law, just like American banks. The Royal Bank of Canada is replacing one of their IT departments with Indian immigrants: RBC Replaces Canadian Staff with Foreign Workers.

Does RBC need to save money with cheap labor? Not hardly. The company reported a record profit of $7.5 billion for 2012. To celebrate, they have decided to kick some loyal workers to the curb.

This is what happens when you allow psychopaths to hold positions of power.

Google Doesn’t Get Cesar Chavez

April 8th, 2013

ChavezGoogle received a lot of criticism for honoring Cesar Chavez on Easter Sunday. I’m sure they did it to show their support for the immigration deal being negotiated in Congress. And that’s just plain silly because Chavez was anti-immigration, and rabidly so. Chavez knew that the only the way for his farm workers to get paid a living wage was to restrict the supply of Mexicans coming into the USA. Chavez went so far as to send men to border-crossing points to beat back the immigrants with baseball bats. That’s what Chavez thought of mass-immigration – even when the immigrants were his fellow Mexicans. For more details, see what I wrote here.

Ultimately, Chavez was defeated by mass immigration. As a consequence, today, “wetbacks” as Congressman Dana Milbank calls them, are badly-paid, and suffer horrendous working conditions. For example, they are housed in bed-bug infested shacks, and insecticide is sprayed on crops whether there are workers in the fields or not. What’s the big deal? There’s more where they came from, right?

If you are a pro-mass-immigration lefty, and think that you are a friend of American workers, you are delusional, and Cesar Chavez would excoriate you.

Chiraq

April 7th, 2013

I wrote about the intensifying Urban Intifada in my book, and now look what’s happened: they have begun to call Chicago “Chiraq” (pronounced: shy-rack).

Globalists will have you believe that nothing could possibly go wrong if you offshore millions of jobs while simultaneously importing millions of new workers. Can you imagine?

I have just one question for you globalists: were you dropped on your heads when you were children?