Unions

Black Chicago Activists Attack Democratic Party, Black Leadership and Barack Obama — The Real Oppressors Are The Democrats — They Are Pushing a Neoliberal Agenda Not A Black Agenda — Emancipation Proclamation — I Have A Dream — “I’ve Been To The Mountaintop” — The Democrats Wipe Out Elections of 2014 — Videos

Posted on October 28, 2014. Filed under: American History, Babies, Banking, Blogroll, Books, Business, College, Constitution, Corruption, Crime, Crisis, Culture, Demographics, Disease, Economics, Education, Employment, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, Friends, Genocide, government, government spending, Health Care, history, Illegal, Immigration, Investments, Law, liberty, Life, Links, Literacy, media, Monetary Policy, Money, Music, Non-Fiction, People, Philosophy, Photos, Politics, Press, Public Sector, Radio, Rants, Raves, Regulations, Strategy, Talk Radio, Tax Policy, Unions, Video, War, Wealth, Welfare | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 358: October 28, 2014

Pronk Pops Show 357: October 27, 2014

Pronk Pops Show 356: October 24, 2014

Pronk Pops Show 355: October 23, 2014

Pronk Pops Show 354: October 22, 2014

Pronk Pops Show 353: October 21, 2014

Pronk Pops Show 352: October 20, 2014

Pronk Pops Show 351: October 17, 2014

Pronk Pops Show 350: October 16, 2014

Pronk Pops Show 349: October 15, 2014

Pronk Pops Show 348: October 14, 2014

Pronk Pops Show 347: October 13, 2014

Pronk Pops Show 346: October 9, 2014

Pronk Pops Show 345: October 8, 2014

Pronk Pops Show 344: October 6, 2014

Pronk Pops Show 343: October 3, 2014

Pronk Pops Show 342: October 2, 2014

Pronk Pops Show 341: October 1, 2014

Pronk Pops Show 340: September 30, 2014

Pronk Pops Show 339: September 29, 2014

Pronk Pops Show 338: September 26, 2014

Pronk Pops Show 337: September 25, 2014

Pronk Pops Show 336: September 24, 2014

Pronk Pops Show 335: September 23 2014

Pronk Pops Show 334: September 22 2014

Pronk Pops Show 333: September 19 2014

Pronk Pops Show 332: September 18 2014

Pronk Pops Show 331: September 17, 2014

Pronk Pops Show 330: September 16, 2014

Pronk Pops Show 329: September 15, 2014

Pronk Pops Show 328: September 12, 2014

Pronk Pops Show 327: September 11, 2014

Pronk Pops Show 326: September 10, 2014

Pronk Pops Show 325: September 9, 2014

Pronk Pops Show 324: September 8, 2014

Pronk Pops Show 323: September 5, 2014

Pronk Pops Show 322: September 4, 2014

Pronk Pops Show 321: September 3, 2014

Pronk Pops Show 320: August 29, 2014

Pronk Pops Show 319: August 28, 2014

Pronk Pops Show 318: August 27, 2014 

Pronk Pops Show 317: August 22, 2014

Pronk Pops Show 316: August 20, 2014

Pronk Pops Show 315: August 18, 2014

Pronk Pops Show 314: August 15, 2014

Pronk Pops Show 313: August 14, 2014

Pronk Pops Show 312: August 13, 2014

Pronk Pops Show 311: August 11, 2014

Pronk Pops Show 310: August 8, 2014

Pronk Pops Show 309: August 6, 2014

Pronk Pops Show 308: August 4, 2014

Pronk Pops Show 307: August 1, 2014 

Pronk Pops Show 306: July 31, 2014

Pronk Pops Show 305: July 30, 2014

Pronk Pops Show 304: July 29, 2014

Pronk Pops Show 303: July 28, 2014

Pronk Pops Show 302: July 24, 2014

Pronk Pops Show 301: July 23, 2014

Pronk Pops Show 300: July 22, 2014

Pronk Pops Show 299: July 21, 2014

Pronk Pops Show 298: July 18, 2014

Pronk Pops Show 297: July 17, 2014

Pronk Pops Show 296: July 16, 2014

Pronk Pops Show 295: July 15, 2014

Pronk Pops Show 294: July 14, 2014

Pronk Pops Show 293: July 11, 2014

Pronk Pops Show 292: July 9, 2014

Pronk Pops Show 291: July 7, 2014

Pronk Pops Show 290: July 3, 2014

Pronk Pops Show 289: July 2, 2014

Story 1: Black Chicago Activists Attack Democratic Party, Black Leadership and Barack Obama — The Real Oppressors Are The Democrats — They Are Pushing a Neoliberal Agenda Not A Black Agenda — Emancipation Proclamation — I Have A Dream — “I’ve Been To The Mountaintop” — The Democrats Wipe Out Elections of 2014 — Videos

Chicago Activists Unchained, Destroy Black Leadership

http://www.RebelPundit.com Chicago activists Paul McKinley, Mark Carter, Joseph Watkins and Harold “Noonie” Ward recently went on the record with RebelPundit to deliver a message to black communities across the country.

ZoNation: Black Lives Matter, So They Should Vote Republican

PJTV: ZoNation: Liberals and Democrats Are Racist, Not Republicans!

Elbert Guillory – Why I am a Republican Free At Last in Louisiana #ElbertGuillory

Elbert Guillory: Mary Landrieu is Not Helping Blacks

Bill Whittle – Racism – Democrats and Republicans switch sides?

Glenn Beck: Black Democratic State Senator Switches To Republican Party

Rush Limbaugh Discusses Elbert Guillory’s Switch To The GOP

Chicago Resident: Obama Will Go Down as Worst President Ever

Chicago Black Activists React To Obama’s State of the Union

Black activist legend: “Reclaim your mind, be an individual”

Marvin Gaye “What’s Going On – What’s Happening Brother”

CHICAGO My Kind Of Town – Frank Sinatra

Abraham Lincoln – The Emancipation Proclamation

Martin Luther King, Jr. I Have A Dream Speech

Martin Luther King’s Last Speech: “I’ve Been To The Mountaintop”

ZoNation: What Can Republicans Do for the Black Community?

Black Genocide: The Democrats Institutionalized Racism

BLACK REPUBLICANS Tell Other Blacks To WAKE UP!!!

Jack Hunter: The Real Extremists are in Washington D.C.

RUSH: 2014 Midterms Is Gonna Be A ‘WAVE’ Election Like 2010

The Ventures – Wipe Out

Wipeout of the Year Award Nominees • 2014 Billabong XXL Big Wave Awards

Economic, Political Discontent Make for a Midterm Double Punch

By Gary Langer

Oct 28, 2014 7:00am

A double punch of economic and political dissatisfaction marks public attitudes in the closing week of the 2014 midterm campaign – a dynamic that reflects poorly on the president’s performance, bolstering his Republican opponents.

The discontent in the latest ABC News/Washington Post poll is palpable. Despite its fitful gains, seven in 10 Americans rate the nation’s economy negatively and just 28 percent say it’s getting better. In a now-customary result, 68 percent say the country’s seriously off on the wrong track.

See PDF with full results, charts and tables here

5 Questions About the Midterm Elections Answered

There’s no respite politically. Six in 10 express little or no trust in the federal government to do what’s right. Fifty-three percent think its ability to deal with the country’s problems has worsened in the last few years; among likely voters that rises to 63 percent.

Views of the president’s performance suffer in kind. Barack Obama’s job approval rating, 43 percent overall, is virtually unchanged from his career-low 40 percent two weeks ago. A steady 51 percent disapprove, essentially the same all year. His ratings on the economy – still the country’s prime concern, albeit one of many – are similarly weak, a 10-point net negative score.

These elements appear poised to depress voting by dispirited Democrats, tipping the scale to customarily higher-turnout Republicans. Disapproval of Obama reaches 56 percent among likely voters, and three in 10 say they’ll show up at the polls to express opposition to him – twice as many as say they’ll vote to show him support.

The result is a 50-44 percent Republican advantage among likely voters in preference for U.S. House seats in this poll, produced for ABC by Langer Research Associates. That compares with a +3-point Democratic tally among all registered voters, showing how differential turnout shifts the balance.

EXPECTATIONS and DISAFFECTION

Other results may be equally cheering to the GOP.  While the unpredictable nature of key Senate races makes it premature to be measuring for drapes in leadership offices, Americans by 13 points, 46-33 percent, expect the Republicans to win control. By nine points, 32-24 percent, more also call a good rather than a bad thing.

Four in 10, though, say who’s in control won’t make much difference – one sign of the more general public annoyance any incoming leaders are likely to face.

Disaffection may impact participation, as well. Just 68 percent of registered voters say they’re closely following the midterms, well down from 76 percent at about this time in 2010 and 80 percent in 2006. The share saying they’re certain to vote (or already voted), 65 percent, likewise is down, from 71 percent in 2010 and 76 percent in 2006. Actual turnout is lower still.

There’s another turn-off for prospective voters: the tone of the midterm campaigns. Americans by 2-1, 50 vs. 26 percent say the candidates in their congressional district have been mainly attacking each other rather than discussing the issues. The remaining quarter has no opinion, suggesting they’ve just tuned it all out.

When not firing salvos, campaigns have been working the phones: About one in four likely voters, 27 percent, say they’ve been personally contacted by an individual or organization working to support a House or Senate candidate. About equal numbers say they’ve been contacted on behalf of Republican vs. Democratic candidates; most by far have been contacted by both. No partisan advantage is apparent, suggesting a stalemate, at least overall, in this element of political trench warfare.

OBAMA

 

Midterms often are seen as referendums on the president, especially given the customary six-year itch. So it is with Obama: This year on average has been his worst in overall job approval since he took office, and it’s the first year a majority has disapproved.

Among groups, 2014 marks the first year Obama has averaged less-than-majority approval among moderates (48 percent this year so far), as well as approval only in the 30s among independents (37 percent on average). He’s averaged 33 percent approval among whites and 65 percent among nonwhites in 2014 – a vast difference, but both annual lows since he took office.

Obama’s troubles help explain another result – a 42-37 percent edge among likely voters for the Republican Party over the Democrats to handle the country’s main problems. Even among all adults, there’s just a 2-point gap between the parties on this question.

VOTING GROUPS

The results in congressional vote preference include notable divisions among groups. While Democratic candidates are a scant +5 among women, that turns to a 17-point Republican lead among men. Republican candidates likewise lead by a hefty 17 points among political independents. And while Democrats are +12 points among moderates, the GOP comes back with a vast 61-point advantage among conservatives, who rival moderates in their share of likely voters.

The Democrats have a typical lead among nonwhites, but they often also look to college-educated white women as key supporters. This year they’re only running evenly in that group, while losing 66 percent of white men and 57 percent of white women who lack a college degree.

Attitudinal groups also mark the GOP advantage. Democratic candidates lead by 71-24 percent among those who say the government’s ability to deal with problems has held steady or improved in recent years – but Republicans have nearly as large an advantage among those who say this has worsened, and there are far more of them. Republican candidates lead broadly, as well, among those who rate economic conditions negatively – again, the predominant group.

For all this, another result points to a lost opportunity for the Democrats. Seventy-one percent of all adults in this survey, and two-thirds of likely voters, think the U.S. economic system favors the wealthy rather than treating most people fairly. And likely voters who see a systemic bias for the wealthy prefer Democratic candidates over Republicans by a 20-point margin.

The tide turns because the minority who thinks the system is fair favors Republican candidates far more broadly – by 47 points, 72-25 percent. It’s an issue on which Democrats may find room to push back – if not this year, then in the presidential election two years off.

METHODOLOGY

This ABC News/Washington Post poll was conducted by telephone Oct. 23-26, 2014, in English and Spanish, among a random national sample of 1,204 adults, including 1,032 registered voters and 758 likely voters, including landline and cell-phone-only respondents. Results have a margin of sampling error of 3.0, 3.5 and 4.0 points for the general population, registered voters and likely voters, respectively, including the design effect.

Partisan divisions in this survey, Democrats-Republicans-independents, are 32-24-36 percent among the general population, 35-26-33 percent among registered voters and 33-30-31 percent among likely voters.

ap voting mt 141027 16x9 608 Economic, Political Discontent Make for a Midterm Double Punch

Kent D. Johnson/Atlanta Journal-Constitution/AP Photo

The survey was produced for ABC News by Langer Research Associates of New York, N.Y., with sampling, data collection and tabulation by Abt-SRBI of New York, N.Y.

http://abcnews.go.com/blogs/politics/2014/10/economic-political-discontent-make-for-a-midterm-double-punch/

 

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Show 354-358

Listen To Pronk Pops Podcast or Download Show 346-353

Listen To Pronk Pops Podcast or Download Show 338-345

Listen To Pronk Pops Podcast or Download Show 328-337

Listen To Pronk Pops Podcast or Download Show 319-327

Listen To Pronk Pops Podcast or Download Show 307-318

Listen To Pronk Pops Podcast or Download Show 296-306

Listen To Pronk Pops Podcast or Download Show 287-295

Listen To Pronk Pops Podcast or Download Show 277-286

Listen To Pronk Pops Podcast or Download Show 264-276

Listen To Pronk Pops Podcast or Download Show 250-263

Listen To Pronk Pops Podcast or Download Show 236-249

Listen To Pronk Pops Podcast or Download Show 222-235

Listen To Pronk Pops Podcast or Download Show 211-221

Listen To Pronk Pops Podcast or DownloadShow 202-210

Listen To Pronk Pops Podcast or Download Show 194-201

Listen To Pronk Pops Podcast or Download Show 184-193

Listen To Pronk Pops Podcast or Download Show 174-183

Listen To Pronk Pops Podcast or Download Show 165-173

Listen To Pronk Pops Podcast or Download Show 158-164

Listen To Pronk Pops Podcast or Download Show 151-157

Listen To Pronk Pops Podcast or Download Show 143-150

Listen To Pronk Pops Podcast or Download Show 135-142

Listen To Pronk Pops Podcast or Download Show 131-134

Listen To Pronk Pops Podcast or Download Show 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

Listen To Pronk Pops Podcast or Download Shows 113 -117

Listen To Pronk Pops Podcast or Download Show 112

Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

Listen To Pronk Pops Podcast or Download Shows 93

Listen To Pronk Pops Podcast or Download Shows 92

Listen To Pronk Pops Podcast or Download Shows 91

Listen To Pronk Pops Podcast or Download Shows 88-90

Listen To Pronk Pops Podcast or Download Shows 84-87

Listen To Pronk Pops Podcast or Download Shows 79-83

Listen To Pronk Pops Podcast or Download Shows 74-78

Listen To Pronk Pops Podcast or Download Shows 71-73

Listen To Pronk Pops Podcast or Download Shows 68-70

Listen To Pronk Pops Podcast or Download Shows 65-67

Listen To Pronk Pops Podcast or Download Shows 62-64

Listen To Pronk Pops Podcast or Download Shows 58-61

Listen To Pronk Pops Podcast or Download Shows 55-57

Listen To Pronk Pops Podcast or Download Shows 52-54

Listen To Pronk Pops Podcast or Download Shows 49-51

Listen To Pronk Pops Podcast or Download Shows 45-48

Listen To Pronk Pops Podcast or Download Shows 41-44

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 17-26

Listen To Pronk Pops Podcast or Download Shows 16-22

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 01-09

[youtube=http://www.youtube.com/watch?v

Read Full Post | Make a Comment ( None so far )

Tyrant Obama’s October Surprise Shafts American People: Permanent Resident Cards (PRC) and Employment Authorization Document (EAD) cards (green cards and work permit cards) — The requirement is for an estimated minimum of 4 million cards annually with the potential to buy as many as 34 million cards total! — Illegal, Unconstitutional and Impeachable — Throw The Tyrant Out — Deport 30-50 Million Illegal Aleins — Videos

Posted on October 21, 2014. Filed under: Agriculture, American History, Biology, Blogroll, Business, Chemistry, College, Communications, Constitution, Diasters, Disease, Documentary, Ebola, Economics, Education, Employment, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, government, government spending, history, Illegal, Immigration, Law, Legal, Life, Links, Literacy, media, Medical, Medicine, People, Philosophy, Photos, Politics, Private Sector, Psychology, Radio, Rants, Raves, Resources, Science, Strategy, Talk Radio, Terrorism, Unemployment, Unions, Video, Wealth, Welfare, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 352: October 20, 2014

Pronk Pops Show 351: October 17, 2014

Pronk Pops Show 350: October 16, 2014

Pronk Pops Show 349: October 15, 2014

Pronk Pops Show 348: October 14, 2014

Pronk Pops Show 347: October 13, 2014

Pronk Pops Show 346: October 9, 2014

Pronk Pops Show 345: October 8, 2014

Pronk Pops Show 344: October 6, 2014

Pronk Pops Show 343: October 3, 2014

Pronk Pops Show 342: October 2, 2014

Pronk Pops Show 341: October 1, 2014

Pronk Pops Show 340: September 30, 2014

Pronk Pops Show 339: September 29, 2014

Pronk Pops Show 338: September 26, 2014

Pronk Pops Show 337: September 25, 2014

Pronk Pops Show 336: September 24, 2014

Pronk Pops Show 335: September 23 2014

Pronk Pops Show 334: September 22 2014

Pronk Pops Show 333: September 19 2014

Pronk Pops Show 332: September 18 2014

Pronk Pops Show 331: September 17, 2014

Pronk Pops Show 330: September 16, 2014

Pronk Pops Show 329: September 15, 2014

Pronk Pops Show 328: September 12, 2014

Pronk Pops Show 327: September 11, 2014

Pronk Pops Show 326: September 10, 2014

Pronk Pops Show 325: September 9, 2014

Pronk Pops Show 324: September 8, 2014

Pronk Pops Show 323: September 5, 2014

Pronk Pops Show 322: September 4, 2014

Pronk Pops Show 321: September 3, 2014

Pronk Pops Show 320: August 29, 2014

Pronk Pops Show 319: August 28, 2014

Pronk Pops Show 318: August 27, 2014 

Pronk Pops Show 317: August 22, 2014

Pronk Pops Show 316: August 20, 2014

Pronk Pops Show 315: August 18, 2014

Pronk Pops Show 314: August 15, 2014

Pronk Pops Show 313: August 14, 2014

Pronk Pops Show 312: August 13, 2014

Pronk Pops Show 311: August 11, 2014

Pronk Pops Show 310: August 8, 2014

Pronk Pops Show 309: August 6, 2014

Pronk Pops Show 308: August 4, 2014

Pronk Pops Show 307: August 1, 2014 

Pronk Pops Show 306: July 31, 2014

Pronk Pops Show 305: July 30, 2014

Pronk Pops Show 304: July 29, 2014

Pronk Pops Show 303: July 28, 2014

Pronk Pops Show 302: July 24, 2014

Pronk Pops Show 301: July 23, 2014

Pronk Pops Show 300: July 22, 2014

Pronk Pops Show 299: July 21, 2014

Pronk Pops Show 298: July 18, 2014

Pronk Pops Show 297: July 17, 2014

Pronk Pops Show 296: July 16, 2014

Pronk Pops Show 295: July 15, 2014

Pronk Pops Show 294: July 14, 2014

Pronk Pops Show 293: July 11, 2014

Pronk Pops Show 292: July 9, 2014

Pronk Pops Show 291: July 7, 2014

Pronk Pops Show 290: July 3, 2014

Pronk Pops Show 289: July 2, 2014

Story 1: Tyrant Obama’s October Surprise Shafts American People: Permanent Resident Cards (PRC) and Employment Authorization Document (EAD) cards (green cards and work permit cards) — The requirement is for an estimated minimum of 4 million cards annually with the potential to buy as many as 34 million cards total! — Illegal, Unconstitutional and Impeachable — Throw The Tyrant Out — Deport 30-50 Million Illegal Aleins — VideosPRCpermanent resident cardEmployment Authorization card

Rpt: Obama Admin May Planning Executive Action On Amnesty – 34M Green Cards? – America’s Newsroom

Obama Says He Will Unilaterally Legalize Illegal Aliens but n0t Until After the Next Elections

Ted Cruz Calls On Harry Reid To Bring Bill Defunding DACA To Senate Floor

Stop President Obama’s Amnesty!

Rush Limbaugh – Amnesty Is The Reason Obama Won’t Stop Ebola Fights From Africa

White House Tells Latino Lawmakers President Obama Will Take Executive Action After Midterms

Senate Republican: US Immigration System ‘Unlawful,’ Lacks ‘Integrity’

Mark Levin Obama Will Use Executive Fiat to Grant Amnesty

2014 August Breaking News USA Barack Obama White House Hid Huge Spike Of Families Crossing Border

Foreign Children At Mexican Border Creating Humanitarian Crisis For U.S.

Obama Eases Deportation Rules – Obama halts deportations – immigration

Permanent residence (United States)

5 Harmful Mistakes to Avoid in Your Immigration Case

Tips for Understanding the Green Card Process in the U.S.

9 Misconceptions about the Green Card

The Citizenship Interview and Test

H-1B Work Visas: Basic Requirements

H-1B Work Visa, The Main Way to Get a Work Permit in the USA, Part 1, Basic Requirements

Immigration Professor, De-Stressing Deportation, Part 2, Cancellation of Removal

Immigration Professor, Unlawful Presence and Unlawful Presence Waivers, Part 1 of 3

Immigration Professor, Unlawful Presence and Unlawful Presence Waivers, Part 2 of 3

Immigration Professor, Unlawful Presence and Unlawful Presence Waivers, Part 3 of 3

EXCLUSIVE: OBAMA ADMINISTRATION QUIETLY PREPARES ‘SURGE’ OF MILLIONS OF NEW IMMIGRANT IDS

Despite no official action from the president ahead of the election, the Obama administration has quietly begun preparing to issue millions of work authorization permits, suggesting the implementation of a large-scale executive amnesty may have already begun.

Unnoticed until now, a draft solicitation for bids issued by U.S. Citizenship and Immigration Services (USCIS) Oct. 6 says potential vendors must be capable of handling a “surge” scenario of 9 million id cards in one year “to support possible future immigration reform initiative requirements.”

The request for proposals says the agency will need a minimum of four million cards per year. In the “surge,” scenario in 2016, the agency would need an additional five million cards – more than double the baseline annual amount for a total of 9 million.

“The guaranteed minimum for each ordering period is 4,000,000 cards. The estimated maximum for the entire contract is 34,000,000 cards,” the document says.

The agency is buying the materials need to construct both Permanent Residency Cards (PRC), commonly known as green cards, as well as Employment Authorization Documentation (EAD) cards which have been used to implement President Obama’s “Deferred Action for Childhood Arrivals” (DACA) program. The RFP does not specify how many of each type of card would be issued.

Jessica Vaughan, an immigration expert at the Center for Immigration Studies and former State Department official, said the document suggests a new program of remarkable breadth.

The RFP “seems to indicate that the president is contemplating an enormous executive action that is even more expansive than the plan that Congress rejected in the ‘Gang of Eight’ bill,” Vaughan said.

Last year, Vaughan reviewed the Gang of Eight’s provisions to estimate that it would have roughly doubled legal immigration. In the “surge” scenario of this RFP, even the relatively high four million cards per year would be more than doubled, meaning that even on its own terms, the agency is preparing for a huge uptick of 125 percent its normal annual output.

It’s not unheard of for federal agencies to plan for contingencies, but the request specifically explains that the surge is related to potential changes in immigration policy.

“The Contractor shall demonstrate the capability to support potential ‘surge’ in PRC and EAD card demand for up to 9M cards during the initial period of performance to support possible future immigration reform initiative requirements,” the document says.

A year ago, such a plan might have been attributed to a forthcoming immigration bill. Now, following the summer’s border crisis, the chances of such a new law are extremely low, giving additional credence to the possibility the move is in preparation for an executive amnesty by Obama.

Even four million combined green cards and EADs is a significant number, let alone the “surge” contemplated by USCIS. For instance, in the first two years after Obama unilaterally enacted DACA, about 600,000 people were approved by USCIS under the program. Statistics provided by USCIS on its website show that the entire agency had processed 862,000 total EADs in 2014 as of June.

Vaughan said EADs are increasingly coming under scrutiny as a tool used by the Obama administration to provide legalization for groups of illegal aliens short of full green card status.

In addition to providing government approval to work for illegal aliens, EADs also cost significantly less in fees to acquire, about $450 compared to more than $1000. In many states, EADs give aliens rights to social services and the ability to obtain drivers’ licenses.

Vaughan noted there are currently about 4.5 million individuals waiting for approval for the green cards having followed immigration law and obtained sponsorships from relatives in the U.S. or otherwise, less than the number of id cards contemplated by the USCIS “surge.”

USCIS officials did not provide additional information about the RFP by press time.

Card Consumables

Solicitation Number: HSSCCG-14-R-00028
Agency: Department of Homeland Security
Office: Citizenship & Immigration Services
Location: USCIS Contracting Office

Note:

There have been modifications to this notice. You are currently viewing the original synopsis. To view the most recent modification/amendment, click here

Solicitation Number:
HSSCCG-14-R-00028
Notice Type:
Presolicitation
Synopsis:
Added: Oct 03, 2014 4:47 pm

USCIS Contracting will be posting a solicitation for the requirement of Card Stock used by the USCIS Document Management Division. The objective of this procurement is to provide card consumables for the Document Management Division (DMD) that will be used to produce Permanent Resident Cards (PRC) and Employment Authorization Documentation (EAD) cards. The requirement is for an estimated 4 million cards annually with the potential to buy as many as 34 million cards total. The ordering periods for this requirement shall be for a total of five (5) years. This is a Firm Fixed Price (FFP) supply purchase for commercial items, utilizing North American Industry Classification System (NAICS) code 325211 and Product / Service Code (PSC) 9330. This requirement is for the acquisition of 100% polycarbonate solid body card stock with Radio Frequency Identification (RFID) and holographic images embedded within the card construction substrate layers, card design service, and storage.

The solicitation will be posted at this FedBidOpps webpage.

Contracting Office Address:
70 Kimball Avenue
Burlington, Vermont 05403

https://www.fbo.gov/index?s=opportunity&mode=form&id=20bc202b0a49bbe9f2a705782dba0090&tab=core&tabmode=list&=

United States Citizenship and Immigration Services

United States Citizenship and Immigration Services (USCIS) is a component of the United States Department of Homeland Security (DHS). It performs many administrative functions formerly carried out by the former United States Immigration and Naturalization Service (INS), which was part of the Department of Justice. The stated priorities of the USCIS are to promote national security, to eliminate immigration case backlogs, and to improve customer services. USCIS is headed by a director, currently Leon Rodriguez, who reports directly to the Deputy Secretary for Homeland Security.[1]

Functions

Atlanta, Georgia

USCIS is charged with processing immigrant visa petitions, naturalization petitions, and asylum and refugeeapplications, as well as making adjudicative decisions performed at the service centers, and managing all other immigration benefits functions (i.e., not immigration enforcement) performed by the former INS. Other responsibilities include:

  • Administration of immigration services and benefits
  • Adjudicating asylum claims
  • Issuing employment authorization documents (EAD)
  • Adjudicating petitions for non-immigrant temporary workers (H-1B, O-1, etc.)
  • Granting lawful permanent resident status
  • Granting United States citizenship

While core immigration benefits functions remain the same as under the INS, a new goal is to process applications efficiently and effectively. Improvement efforts have included attempts to reduce the applicant backlog, as well as providing customer service through different channels, including the National Customer Service Center (NCSC) with information in English and Spanish, Application Support Centers (ASCs), the Internet and other channels. The enforcement of immigration laws remain under CBP and ICE.

USCIS focuses on two key points on the immigrant’s journey towards civic integration: when they first become permanent residents and when they are ready to begin the formal naturalization process. A lawful permanent resident is eligible to become a citizen of the United States after holding the Permanent Resident Card for at least five continuous years, with no trips out of the United States that last for 180 days or more. If, however, the lawful permanent resident marries a U.S. citizen, eligibility for U.S. citizenship is shortened to three years so long as the resident has been living with the spouse continuously for at least three years and the spouse has been a citizen for at least three years.

Forms

USCIS handles all forms and processing materials related to immigration and naturalization. This is evident from USCIS’s predecessor, the INS, (Immigration and Naturalization Service) which is defunct as of May 9, 2003.

USCIS currently handles two kinds of forms: those relating to immigration, and those related to naturalization. Forms are designated by a specific name, and an alphanumeric sequence consisting of one letter, followed by two or three digits. Forms related to immigration are designated with an I (for example, I-551, Permanent Resident Card) and forms related to naturalization are designated by an N (for example, N-400, Application for Naturalization).

Immigrations courts and judges

The United States immigration courts and immigration judges, and the Board of Immigration Appeals which hears appeals from them, are part of the Executive Office for Immigration Review (EOIR) within the United States Department of Justice. (USCIS is part of the Department of Homeland Security.)

Operations]

Internet presence]

USCIS’ official website is USCIS.gov. The site was redesigned in 2009 and unveiled on September 22, 2009.[2]

The redesign made the web page interface more similar to the Department of Homeland Security’s official website. The last major redesign before 2009 took place in October 2006.

Also, USCIS runs an online appointment scheduling service known as INFOPASS. This system allows people with questions about immigration to come into their local USCIS office and speak directly with a government employee about their case and so on. This is an important way in which USCIS serves the public. USCIS maintains a blog entitled “The Beacon” as well as the “@uscis” Twitter account.

Funding

Unlike most other federal agencies, USCIS is funded almost entirely by user fees.[3] Under President George W. Bush’s FY2008 budget request, direct congressional appropriations made about 1% of the USCIS budget and about 99% of the budget was funded through fees. The total USCIS FY2008 budget was projected to be $2.6 billion.[4]

Staffing

USCIS consists of 18,000 federal employees and contractors working at 250 offices around the world.[5]

History

The INS was widely seen as ineffective, particularly after scandals that arose after September 11, 2001.[6] On November 25, 2002, President George W. Bush signed the Homeland Security Act of 2002 into law. This law transferred the Immigration and Naturalization Service (INS) functions to the Department of Homeland Security(DHS). Immigration enforcement functions were placed within the U.S. Customs and Border Protection (CBP) at the border and Ports-of-Entry while U.S. Immigration and Customs Enforcement (ICE) within land. The immigration service functions were placed into the separate USCIS. USCIS was formerly and briefly named the U.S. Bureau of Citizenship and Immigration Services (BCIS), before becoming USCIS.[7]

On March 1, 2003, the INS ceased to exist and services provided by that organization transitioned into USCIS. Eduardo Aguirre was appointed the first USCIS Director by President Bush. In December 2005, Emilio T. Gonzalez, Ph. D., was confirmed by the U.S. Senate as the Director of USCIS, and he held this position until April 2008.[8] Nominated by President Barack Obama on April 24 and unanimously confirmed on August 7 by the U.S. Senate, Alejandro Mayorkas was sworn in as USCIS Director on August 12, 2009.

See also

References

 This article incorporates public domain material from websites or documents of the United States Department of Homeland Security.

  1. Jump up^ “U.S. Citizenship and Immigration Services”. United States Citizenship and Immigration Services. Department of Homeland Security. Retrieved 1 May 2014.
  2. Jump up^ “Secretary Napolitano and USCIS Director Mayorkas Launch Redesigned USCIS Website” (Press release). United States Department of Homeland Security. September 22, 2009. Retrieved April 10, 2010.
  3. Jump up^ CIS Ombudsman’s 2007 Annual Report, pages 46-47
  4. Jump up^ USCIS FY2008 budget request fact sheet
  5. Jump up^ USCIS website
  6. Jump up^ Special report “The INS’s Contacts With Two September 11 Terrorists” by the U.S. DOJ Inspector General, May 20, 2002, at http://www.usdoj.gov
  7. Jump up^ Name Change From the Bureau of Citizenship and Immigration Services to U.S. Citizenship and Immigration Services [69 FR 60938] [FR 39-04]. Uscis.gov. Retrieved on 2013-07-23.
  8. Jump up^ Leadership info at http://www.uscis.gov

External links

Employment authorization document

From Wikipedia, the free encyclopedia

An employment authorization document (EAD, Form I-766), EAD card, known popularly as a “work permit”, is a document issued by United States Citizenship and Immigration Services (USCIS) that provides its holder a legal right to work in the US. It is similar to, but should not be confused with the green card.

Certain ‘aliens’ (non-residents) who are temporarily in the United States may file a Form I-765, application for employment authorization, to request an EAD. An EAD is issued for a specific period of time based on alien’s immigration situation. Foreign nationals with an EAD can lawfully work in the United States for any employer.

Aliens who are sponsored by US employers and issued temporary work visas for such as H, I, L-1 or O-1 visas are authorized to work for the sponsoring employer, through the duration of the visa . This is known as ‘employment incident to status’. Aliens on such work visas do not qualify for an EAD according to the US Citizenship and Immigration Service regulations (8 CFR Part 274a).[1]

Currently the EAD is issued in the form of a standard credit card-size plastic card enhanced with multiple security features. The EAD card contains some basic information about alien: name, birth date, sex, immigrant category, country of birth, photo, alien registration number (also called “A-number”), card number, restrictive terms and conditions, and dates of validity.

Restriction

The eligibility for employment authorizations are detailed in the Federal Regulations at 8 C.F.R. §274a.12.[2] Only aliens who fall under the enumerated categories are eligible for an employment authorization document.

There are more than 40 types of immigration status that make their holders eligible to apply for an EAD.[3] Some are nationality-based and apply to a very small number of people. Others are much broader, such as those covering the spouses of E-1, E-2, E-3 or L-1 visa holders.

USCIS issues EADs in the following categories:

  • Renewal EAD: Renewal cannot be filed more than 120 days before the current employment authorization expires.
  • Replacement EAD: Replaces a lost, stolen, or mutilated EAD. A replacement EAD also replaces an EAD that was issued with incorrect information, such as a misspelled name.

Obtaining an EAD

Applicants would file Form I-765 (application for employment authorization) by mail with the USCIS Regional Service Center that serves the area where they live. They may also be eligible to file Form I-765 electronically (see USCIS Electronic Filing). For employment based green card applicants, your priority date needs to be current to apply for Adjustment of Status (I485) at which time you can apply for EAD. Typically, it is recommended to apply for Advance Parole (AP) at the same time so that you do not have to get a visa stamping when re-entering US from a foreign country.

Interim EAD

An interim EAD is an EAD issued to an eligible applicant when USCIS has failed to adjudicate an application within 90 days of receipt of a properly filed EAD application or within 30 days of a properly filed initial EAD application based on an asylum application filed on or after January 4, 1995. The interim EAD will be granted for a period not to exceed 240 days and is subject to the conditions noted on the document.

An interim EAD is no longer issued by local service centers. One can however take an INFOPASS appointment and place a service request at local centers, explicitly asking for it if the application exceeds 90 days and 30 days for asylum applicants without an adjudication .

See also

References

  1. Jump up^ http://www.uscis.gov/portal/site/uscis/menuitem.f6da51a2342135be7e9d7a10e0dc91a0/?vgnextoid=fa7e539dc4bed010VgnVCM1000000ecd190aRCRD&vgnextchannel=fa7e539dc4bed010VgnVCM1000000ecd190aRCRD&CH=8cfr
  2. Jump up^ “Classes of aliens authorized to accept employment”. Government Printing Office. Retrieved 17 November 2011.
  3. Jump up^ ‘Work Permits: An Overview,’ http://www.usvisalawyers.co.uk/article18.htm

External links

http://en.wikipedia.org/wiki/Employment_authorization_document

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Show 346-352

Listen To Pronk Pops Podcast or Download Show 338-345

Listen To Pronk Pops Podcast or Download Show 328-337

Listen To Pronk Pops Podcast or Download Show 319-327

Listen To Pronk Pops Podcast or Download Show 307-318

Listen To Pronk Pops Podcast or Download Show 296-306

Listen To Pronk Pops Podcast or Download Show 287-295

Listen To Pronk Pops Podcast or Download Show 277-286

Listen To Pronk Pops Podcast or Download Show 264-276

Listen To Pronk Pops Podcast or Download Show 250-263

Listen To Pronk Pops Podcast or Download Show 236-249

Listen To Pronk Pops Podcast or Download Show 222-235

Listen To Pronk Pops Podcast or Download Show 211-221

Listen To Pronk Pops Podcast or DownloadShow 202-210

Listen To Pronk Pops Podcast or Download Show 194-201

Listen To Pronk Pops Podcast or Download Show 184-193

Listen To Pronk Pops Podcast or Download Show 174-183

Listen To Pronk Pops Podcast or Download Show 165-173

Listen To Pronk Pops Podcast or Download Show 158-164

Listen To Pronk Pops Podcast or Download Show 151-157

Listen To Pronk Pops Podcast or Download Show 143-150

Listen To Pronk Pops Podcast or Download Show 135-142

Listen To Pronk Pops Podcast or Download Show 131-134

Listen To Pronk Pops Podcast or Download Show 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

Listen To Pronk Pops Podcast or Download Shows 113 -117

Listen To Pronk Pops Podcast or Download Show 112

Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

Listen To Pronk Pops Podcast or Download Shows 93

Listen To Pronk Pops Podcast or Download Shows 92

Listen To Pronk Pops Podcast or Download Shows 91

Listen To Pronk Pops Podcast or Download Shows 88-90

Listen To Pronk Pops Podcast or Download Shows 84-87

Listen To Pronk Pops Podcast or Download Shows 79-83

Listen To Pronk Pops Podcast or Download Shows 74-78

Listen To Pronk Pops Podcast or Download Shows 71-73

Listen To Pronk Pops Podcast or Download Shows 68-70

Listen To Pronk Pops Podcast or Download Shows 65-67

Listen To Pronk Pops Podcast or Download Shows 62-64

Listen To Pronk Pops Podcast or Download Shows 58-61

Listen To Pronk Pops Podcast or Download Shows 55-57

Listen To Pronk Pops Podcast or Download Shows 52-54

Listen To Pronk Pops Podcast or Download Shows 49-51

Listen To Pronk Pops Podcast or Download Shows 45-48

Listen To Pronk Pops Podcast or Download Shows 41-44

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 17-26

Listen To Pronk Pops Podcast or Download Shows 16-22

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 01-09

Read Full Post | Make a Comment ( None so far )

315,000 More Americans Have Left Labor Force in September 2014 Bringing Total To 92,584,000 — Nearly Seven Years Later The Number of Employed Hits 146.6 Million Last Seen In November 2007 — Labor Participation Rate At 62.7% Should Be At 67% — The Ebola Income and Jobs Effect Will Hit In The November 7 Jobs Report After Elections — Videos

Posted on October 5, 2014. Filed under: Agriculture, Airplanes, American History, Banking, Biology, Blogroll, Business, Chemistry, College, Communications, Constitution, Crisis, Demographics, Diasters, Economics, Education, Employment, Energy, Family, Federal Government, Federal Government Budget, Fiscal Policy, Freedom, government, government spending, Health Care, history, Illegal, Immigration, Inflation, Investments, IRS, Law, Legal, liberty, Life, Links, Macroeconomics, media, Medical, Medicine, Microeconomics, Monetary Policy, Money, Natural Gas, Natural Gas, Oil, People, Politics, Psychology, Public Sector, Rants, Raves, Regulations, Resources, Science, Security, Strategy, Talk Radio, Tax Policy, Taxes, Technology, Terrorism, Transportation, Unemployment, Unions, Video, War, Water, Wealth, Welfare, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 343: October 3, 2014

Pronk Pops Show 342: October 2, 2014

Pronk Pops Show 341: October 1, 2014

Pronk Pops Show 340: September 30, 2014

Pronk Pops Show 339: September 29, 2014

Pronk Pops Show 338: September 26, 2014

Pronk Pops Show 337: September 25, 2014

Pronk Pops Show 336: September 24, 2014

Pronk Pops Show 335: September 23 2014

Pronk Pops Show 334: September 22 2014

Pronk Pops Show 333: September 19 2014

Pronk Pops Show 332: September 18 2014

Pronk Pops Show 331: September 17, 2014

Pronk Pops Show 330: September 16, 2014

Pronk Pops Show 329: September 15, 2014

Pronk Pops Show 328: September 12, 2014

Pronk Pops Show 327: September 11, 2014

Pronk Pops Show 326: September 10, 2014

Pronk Pops Show 325: September 9, 2014

Pronk Pops Show 324: September 8, 2014

Pronk Pops Show 323: September 5, 2014

Pronk Pops Show 322: September 4, 2014

Pronk Pops Show 321: September 3, 2014

Pronk Pops Show 320: August 29, 2014

Pronk Pops Show 319: August 28, 2014

Pronk Pops Show 318: August 27, 2014 

Pronk Pops Show 317: August 22, 2014

Pronk Pops Show 316: August 20, 2014

Pronk Pops Show 315: August 18, 2014

Pronk Pops Show 314: August 15, 2014

Pronk Pops Show 313: August 14, 2014

Pronk Pops Show 312: August 13, 2014

Pronk Pops Show 311: August 11, 2014

Pronk Pops Show 310: August 8, 2014

Pronk Pops Show 309: August 6, 2014

Pronk Pops Show 308: August 4, 2014

Pronk Pops Show 307: August 1, 2014 

Pronk Pops Show 306: July 31, 2014

Pronk Pops Show 305: July 30, 2014

Pronk Pops Show 304: July 29, 2014

Pronk Pops Show 303: July 28, 2014

Pronk Pops Show 302: July 24, 2014

Pronk Pops Show 301: July 23, 2014

Pronk Pops Show 300: July 22, 2014

Pronk Pops Show 299: July 21, 2014

Pronk Pops Show 298: July 18, 2014

Pronk Pops Show 297: July 17, 2014

Pronk Pops Show 296: July 16, 2014

Pronk Pops Show 295: July 15, 2014

Pronk Pops Show 294: July 14, 2014

Pronk Pops Show 293: July 11, 2014

Pronk Pops Show 292: July 9, 2014

Pronk Pops Show 291: July 7, 2014

Pronk Pops Show 290: July 3, 2014

Pronk Pops Show 289: July 2, 2014

Story 2: 315,000 More Americans Have Left Labor Force in September 2014 Bringing Total To 92,584,000 — Nearly Seven Years Later The Number of Employed Hits 146.6 Million Last Seen In November 2007 — Labor Participation Rate At 62.7% Should Be At 67% — The Ebola Income and Jobs Effect Will Hit In The November 7 Jobs Report After Elections — Videos

sgs-emp

Current Labor Participation Rate Dropped To 62.7%

U.S. Labor Participation Rate – Graph of Reagan vs obama

Surge Of Hiring Cuts US Jobless Rate To 5.9 Pct.

JEC Chair Brady discusses the importance of declining labor force participation rate

Labor participation rate is down to unprecedented levels

What The Six-Year Unemployment Low Means For U.S. Economy

Ebola ;could wreck W Africa economies, #; warns World Bank

BBC News – Ebola crisis: Toll on regional economies

Counting the Cost – Ebola: The Economic Fallout

 

 

 

Employment Situation Summary

Transmission of material in this release is embargoed until                 USDL-14-1796
8:30 a.m. (EDT) Friday, October 3, 2014

Technical information:
 Household data:	(202) 691-6378  •  cpsinfo@bls.gov  •  www.bls.gov/cps
 Establishment data:	(202) 691-6555  •  cesinfo@bls.gov  •  www.bls.gov/ces

Media contact:		(202) 691-5902  •  PressOffice@bls.gov


                        THE EMPLOYMENT SITUATION -- SEPTEMBER 2014


Total nonfarm payroll employment increased by 248,000 in September, and the 
unemployment rate declined to 5.9 percent, the U.S. Bureau of Labor Statistics
reported today. Employment increased in professional and business services, 
retail trade, and health care.

Household Survey Data

In September, the unemployment rate declined by 0.2 percentage point to 5.9
percent. The number of unemployed persons decreased by 329,000 to 9.3 million.
Over the year, the unemployment rate and the number of unemployed persons were
down by 1.3 percentage points and 1.9 million, respectively. (See table A-1.)

Among the major worker groups, unemployment rates declined in September for
adult men (5.3 percent), whites (5.1 percent), and Hispanics (6.9 percent). The
rates for adult women (5.5 percent), teenagers (20.0 percent), and blacks (11.0
percent) showed little change over the month. The jobless rate for Asians was
4.3 percent (not seasonally adjusted), little changed from a year earlier.
(See tables A-1, A-2, and A-3.)

Among the unemployed, the number of job losers and persons who completed temporary
jobs decreased by 306,000 in September to 4.5 million. The number of long-term
unemployed (those jobless for 27 weeks or more) was essentially unchanged at 3.0
million in September. These individuals accounted for 31.9 percent of the unemployed.
Over the past 12 months, the number of long-term unemployed is down by 1.2 million.
(See tables A-11 and A-12.) 

The civilian labor force participation rate, at 62.7 percent, changed little in
September. The employment-population ratio was 59.0 percent for the fourth
consecutive month. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred
to as involuntary part-time workers) was little changed in September at 7.1 million.
These individuals, who would have preferred full-time employment, were working part
time because their hours had been cut back or because they were unable to find a
full-time job. (See table A-8.)

In September, 2.2 million persons were marginally attached to the labor force,
essentially unchanged from a year earlier. (The data are not seasonally adjusted.)
These individuals were not in the labor force, wanted and were available for work,
and had looked for a job sometime in the prior 12 months. They were not counted as
unemployed because they had not searched for work in the 4 weeks preceding the survey.
(See table A-16.)

Among the marginally attached, there were 698,000 discouraged workers in September,
down by 154,000 from a year earlier. (The data are not seasonally adjusted.) Discouraged
workers are persons not currently looking for work because they believe no jobs are
available for them. The remaining 1.5 million persons marginally attached to the labor
force in September had not searched for work for reasons such as school attendance or
family responsibilities. (See table A-16.)

Establishment Survey Data

Total nonfarm payroll employment rose by 248,000 in September, compared with an
average monthly gain of 213,000 over the prior 12 months. In September, job growth
occurred in professional and business services, retail trade, and health care.
(See table B-1.)

Professional and business services added 81,000 jobs in September, compared with an
average gain of 56,000 per month over the prior 12 months. In September, job gains
occurred in employment services (+34,000), management and technical consulting
services (+12,000), and architectural and engineering services (+6,000). Employment
in legal services declined by 5,000 over the month.

Employment in retail trade rose by 35,000 in September. Food and beverage stores
added 20,000 jobs, largely reflecting the return of workers who had been off payrolls
in August due to employment disruptions at a grocery store chain in New England.
Employment in retail trade has increased by 264,000 over the past 12 months.

Health care added 23,000 jobs in September, in line with the prior 12-month average
gain of 20,000 jobs per month. In September, employment rose in home health care
services (+7,000) and hospitals (+6,000).

Employment in information increased by 12,000 in September, with a gain of 5,000
in telecommunications. Over the year, employment in information has shown little net
change.

Mining employment rose by 9,000 in September, with the majority of the increase
occurring in support activities for mining (+7,000). Over the year, mining has added
50,000 jobs.

Within leisure and hospitality, employment in food services and drinking places
continued to trend up in September (+20,000) and is up by 290,000 over the year.

In September, construction employment continued on an upward trend (+16,000).
Within the industry, employment in residential building increased by 6,000. Over
the year, construction has added 230,000 jobs.

Employment in financial activities continued to trend up in September (+12,000) and
has added 89,000 jobs over the year. In September, job growth occurred in insurance
carriers and related activities (+6,000) and in securities, commodity contracts,
and investments (+5,000).

Employment in other major industries, including manufacturing, wholesale trade,
transportation and warehousing, and government, showed little change over the month.

In September, the average workweek for all employees on private nonfarm payrolls
edged up by 0.1 hour to 34.6 hours. The manufacturing workweek was unchanged at
40.9 hours, and factory overtime edged up by 0.1 hour to 3.5 hours. The average
workweek for production and nonsupervisory employees on private nonfarm payrolls
edged down by 0.1 hour to 33.7 hours. (See tables B-2 and B-7.)

Average hourly earnings for all employees on private nonfarm payrolls, at $24.53,
changed little in September (-1 cent). Over the year, average hourly earnings
have risen by 2.0 percent. In September, average hourly earnings of private-sector
production and nonsupervisory employees were unchanged at $20.67. 
(See tables B-3 and B-8.)

The change in total nonfarm payroll employment for July was revised from +212,000
to +243,000, and the change for August was revised from +142,000 to +180,000.
With these revisions, employment gains in July and August combined were 69,000 more
than previously reported.

_____________
The Employment Situation for October is scheduled to be released on Friday,
November 7, 2014, at 8:30 a.m. (EST).



 

Employment Situation Summary Table A. Household data, seasonally adjusted

HOUSEHOLD DATA
Summary table A. Household data, seasonally adjusted

[Numbers in thousands]
Category Sept.
2013
July
2014
Aug.
2014
Sept.
2014
Change from:
Aug.
2014-
Sept.
2014

Employment status

Civilian noninstitutional population

246,168 248,023 248,229 248,446 217

Civilian labor force

155,473 156,023 155,959 155,862 -97

Participation rate

63.2 62.9 62.8 62.7 -0.1

Employed

144,270 146,352 146,368 146,600 232

Employment-population ratio

58.6 59.0 59.0 59.0 0.0

Unemployed

11,203 9,671 9,591 9,262 -329

Unemployment rate

7.2 6.2 6.1 5.9 -0.2

Not in labor force

90,695 92,001 92,269 92,584 315

Unemployment rates

Total, 16 years and over

7.2 6.2 6.1 5.9 -0.2

Adult men (20 years and over)

7.0 5.7 5.7 5.3 -0.4

Adult women (20 years and over)

6.2 5.7 5.7 5.5 -0.2

Teenagers (16 to 19 years)

21.3 20.2 19.6 20.0 0.4

White

6.3 5.3 5.3 5.1 -0.2

Black or African American

13.0 11.4 11.4 11.0 -0.4

Asian (not seasonally adjusted)

5.3 4.5 4.5 4.3 -

Hispanic or Latino ethnicity

8.9 7.8 7.5 6.9 -0.6

Total, 25 years and over

5.9 5.0 5.1 4.7 -0.4

Less than a high school diploma

10.4 9.6 9.1 8.4 -0.7

High school graduates, no college

7.5 6.1 6.2 5.3 -0.9

Some college or associate degree

6.1 5.3 5.4 5.4 0.0

Bachelor’s degree and higher

3.7 3.1 3.2 2.9 -0.3

Reason for unemployment

Job losers and persons who completed temporary jobs

5,803 4,859 4,836 4,530 -306

Job leavers

984 862 860 829 -31

Reentrants

3,165 2,848 2,845 2,809 -36

New entrants

1,211 1,087 1,066 1,105 39

Duration of unemployment

Less than 5 weeks

2,571 2,587 2,609 2,383 -226

5 to 14 weeks

2,685 2,431 2,449 2,508 59

15 to 26 weeks

1,802 1,412 1,486 1,416 -70

27 weeks and over

4,125 3,155 2,963 2,954 -9

Employed persons at work part time

Part time for economic reasons

7,914 7,511 7,277 7,103 -174

Slack work or business conditions

4,955 4,609 4,261 4,162 -99

Could only find part-time work

2,548 2,519 2,587 2,562 -25

Part time for noneconomic reasons

18,919 19,662 19,526 19,561 35

Persons not in the labor force (not seasonally adjusted)

Marginally attached to the labor force

2,302 2,178 2,141 2,226 -

Discouraged workers

852 741 775 698 -

- Over-the-month changes are not displayed for not seasonally adjusted data.
NOTE: Persons whose ethnicity is identified as Hispanic or Latino may be of any race. Detail for the seasonally adjusted data shown in this table will not necessarily add to totals because of the independent seasonal adjustment of the various series. Updated population controls are introduced annually with the release of January data.

Employment Situation Summary Table B. Establishment data, seasonally adjusted

ESTABLISHMENT DATA
Summary table B. Establishment data, seasonally adjusted
Category Sept.
2013
July
2014
Aug.
2014(p)
Sept.
2014(p)

EMPLOYMENT BY SELECTED INDUSTRY
(Over-the-month change, in thousands)

Total nonfarm

164 243 180 248

Total private

153 239 175 236

Goods-producing

22 63 14 29

Mining and logging

6 9 2 9

Construction

13 30 16 16

Manufacturing

3 24 -4 4

Durable goods(1)

9 27 0 7

Motor vehicles and parts

2.9 13.7 -4.5 3.3

Nondurable goods

-6 -3 -4 -3

Private service-providing(1)

131 176 161 207

Wholesale trade

11.3 3.0 2.5 1.8

Retail trade

27.3 25.4 -4.7 35.3

Transportation and warehousing

23.1 21.1 8.5 1.9

Information

13 10 5 12

Financial activities

-1 15 12 12

Professional and business services(1)

37 50 63 81

Temporary help services

19.7 15.7 24.6 19.7

Education and health services(1)

9 37 42 32

Health care and social assistance

14.5 40.7 40.7 22.7

Leisure and hospitality

9 10 20 33

Other services

2 3 10 0

Government

11 4 5 12

WOMEN AND PRODUCTION AND NONSUPERVISORY EMPLOYEES(2)
AS A PERCENT OF ALL EMPLOYEES

Total nonfarm women employees

49.5 49.4 49.4 49.3

Total private women employees

48.1 47.9 47.9 47.9

Total private production and nonsupervisory employees

82.6 82.6 82.6 82.6

HOURS AND EARNINGS
ALL EMPLOYEES

Total private

Average weekly hours

34.5 34.5 34.5 34.6

Average hourly earnings

$24.06 $24.46 $24.54 $24.53

Average weekly earnings

$830.07 $843.87 $846.63 $848.74

Index of aggregate weekly hours (2007=100)(3)

99.1 101.0 101.2 101.7

Over-the-month percent change

0.1 0.2 0.2 0.5

Index of aggregate weekly payrolls (2007=100)(4)

113.8 117.9 118.5 119.0

Over-the-month percent change

0.3 0.3 0.5 0.4

HOURS AND EARNINGS
PRODUCTION AND NONSUPERVISORY EMPLOYEES

Total private

Average weekly hours

33.6 33.7 33.8 33.7

Average hourly earnings

$20.21 $20.61 $20.67 $20.67

Average weekly earnings

$679.06 $694.56 $698.65 $696.58

Index of aggregate weekly hours (2002=100)(3)

106.3 108.7 109.2 109.1

Over-the-month percent change

-0.2 0.2 0.5 -0.1

Index of aggregate weekly payrolls (2002=100)(4)

143.5 149.7 150.8 150.6

Over-the-month percent change

0.0 0.3 0.7 -0.1

DIFFUSION INDEX(5)
(Over 1-month span)

Total private (264 industries)

59.8 67.8 62.7 57.8

Manufacturing (81 industries)

54.9 56.2 54.9 51.9

Footnotes
(1) Includes other industries, not shown separately.
(2) Data relate to production employees in mining and logging and manufacturing, construction employees in construction, and nonsupervisory employees in the service-providing industries.
(3) The indexes of aggregate weekly hours are calculated by dividing the current month’s estimates of aggregate hours by the corresponding annual average aggregate hours.
(4) The indexes of aggregate weekly payrolls are calculated by dividing the current month’s estimates of aggregate weekly payrolls by the corresponding annual average aggregate weekly payrolls.
(5) Figures are the percent of industries with employment increasing plus one-half of the industries with unchanged employment, where 50 percent indicates an equal balance between industries with increasing and decreasing employment.
(p) Preliminary

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Show 338-343

Listen To Pronk Pops Podcast or Download Show 328-337

Listen To Pronk Pops Podcast or Download Show 319-327

Listen To Pronk Pops Podcast or Download Show 307-318

Listen To Pronk Pops Podcast or Download Show 296-306

Listen To Pronk Pops Podcast or Download Show 287-295

Listen To Pronk Pops Podcast or Download Show 277-286

Listen To Pronk Pops Podcast or Download Show 264-276

Listen To Pronk Pops Podcast or Download Show 250-263

Listen To Pronk Pops Podcast or Download Show 236-249

Listen To Pronk Pops Podcast or Download Show 222-235

Listen To Pronk Pops Podcast or Download Show 211-221

Listen To Pronk Pops Podcast or DownloadShow 202-210

Listen To Pronk Pops Podcast or Download Show 194-201

Listen To Pronk Pops Podcast or Download Show 184-193

Listen To Pronk Pops Podcast or Download Show 174-183

Listen To Pronk Pops Podcast or Download Show 165-173

Listen To Pronk Pops Podcast or Download Show 158-164

Listen To Pronk Pops Podcast or Download Show 151-157

Listen To Pronk Pops Podcast or Download Show 143-150

Listen To Pronk Pops Podcast or Download Show 135-142

Listen To Pronk Pops Podcast or Download Show 131-134

Listen To Pronk Pops Podcast or Download Show 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

Listen To Pronk Pops Podcast or Download Shows 113 -117

Listen To Pronk Pops Podcast or Download Show 112

Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

Listen To Pronk Pops Podcast or Download Shows 93

Listen To Pronk Pops Podcast or Download Shows 92

Listen To Pronk Pops Podcast or Download Shows 91

Listen To Pronk Pops Podcast or Download Shows 88-90

Listen To Pronk Pops Podcast or Download Shows 84-87

Listen To Pronk Pops Podcast or Download Shows 79-83

Listen To Pronk Pops Podcast or Download Shows 74-78

Listen To Pronk Pops Podcast or Download Shows 71-73

Listen To Pronk Pops Podcast or Download Shows 68-70

Listen To Pronk Pops Podcast or Download Shows 65-67

Listen To Pronk Pops Podcast or Download Shows 62-64

Listen To Pronk Pops Podcast or Download Shows 58-61

Listen To Pronk Pops Podcast or Download Shows 55-57

Listen To Pronk Pops Podcast or Download Shows 52-54

Listen To Pronk Pops Podcast or Download Shows 49-51

Listen To Pronk Pops Podcast or Download Shows 45-48

Listen To Pronk Pops Podcast or Download Shows 41-44

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 17-26

Listen To Pronk Pops Podcast or Download Shows 16-22

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 01-09

Read Full Post | Make a Comment ( None so far )

Asset Price Bubble Bursts Coming In October With 69 Months of Near Zero Federal Funds Interest Rates! — Interest Rate Suppression or Price Control and Manipulation Will Blow Up Economy — Suppressing Savings and Investment With Low Interest Rates Is A Formula For Diaster and Depression — Panic Time — Start A War Over Oil — Meltdown America –Videos

Posted on September 21, 2014. Filed under: American History, Banking, Blogroll, Books, Business, College, Communications, Computers, Constitution, Crisis, Culture, Demographics, Diasters, Documentary, Economics, Education, European History, Faith, Family, Federal Government, Federal Government Budget, Films, Fiscal Policy, Food, Foreign Policy, Fraud, Freedom, Friends, Genocide, Government Land Ownership, government spending, Health Care, history, Illegal, Immigration, Inflation, Investments, IRS, Language, Law, liberty, Life, Links, Literacy, Macroeconomics, media, Monetary Policy, Money, Natural Gas, Non-Fiction, Obamacare, Oil, People, Philosophy, Photos, Politics, Press, Programming, Public Sector, Radio, Radio, Rants, Raves, Securities and Exchange Commission, Talk Radio, Tax Policy, Taxes, Technology, Terrorism, Unemployment, Unions, Video, War, Water, Wealth, Weapons, Welfare, Wisdom, Writing | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 332: September 18 2014

Pronk Pops Show 331: September 17, 2014

Pronk Pops Show 330: September 16, 2014

Pronk Pops Show 329: September 15, 2014

Pronk Pops Show 328: September 12, 2014

Pronk Pops Show 327: September 11, 2014

Pronk Pops Show 326: September 10, 2014

Pronk Pops Show 325: September 9, 2014

Pronk Pops Show 324: September 8, 2014

Pronk Pops Show 323: September 5, 2014

Pronk Pops Show 322: September 4, 2014

Pronk Pops Show 321: September 3, 2014

Pronk Pops Show 320: August 29, 2014

Pronk Pops Show 319: August 28, 2014

Pronk Pops Show 318: August 27, 2014 

Pronk Pops Show 317: August 22, 2014

Pronk Pops Show 316: August 20, 2014

Pronk Pops Show 315: August 18, 2014

Pronk Pops Show 314: August 15, 2014

Pronk Pops Show 313: August 14, 2014

Pronk Pops Show 312: August 13, 2014

Pronk Pops Show 311: August 11, 2014

Pronk Pops Show 310: August 8, 2014

Pronk Pops Show 309: August 6, 2014

Pronk Pops Show 308: August 4, 2014

Pronk Pops Show 307: August 1, 2014 

Pronk Pops Show 306: July 31, 2014

Pronk Pops Show 305: July 30, 2014

Pronk Pops Show 304: July 29, 2014

Pronk Pops Show 303: July 28, 2014

Pronk Pops Show 302: July 24, 2014

Pronk Pops Show 301: July 23, 2014

Pronk Pops Show 300: July 22, 2014

Pronk Pops Show 299: July 21, 2014

Pronk Pops Show 298: July 18, 2014

Pronk Pops Show 297: July 17, 2014

Pronk Pops Show 296: July 16, 2014

Pronk Pops Show 295: July 15, 2014

Pronk Pops Show 294: July 14, 2014

Pronk Pops Show 293: July 11, 2014

Pronk Pops Show 292: July 9, 2014

Pronk Pops Show 291: July 7, 2014

Pronk Pops Show 290: July 3, 2014

Pronk Pops Show 289: July 2, 2014

Pronk Pops Show 288: June 30, 2014

Pronk Pops Show 287: June 27, 2014

Pronk Pops Show 286: June 26, 2014

Pronk Pops Show 285 June 25, 2014

Pronk Pops Show 284: June 23, 2014

Pronk Pops Show 283: June 20, 2014

Pronk Pops Show 282: June 19, 2014

Pronk Pops Show 281: June 17, 2014

Pronk Pops Show 280: June 16, 2014

Pronk Pops Show 279: June 13, 2014

Pronk Pops Show 278: June 12, 2014

Pronk Pops Show 277: June 11, 2014

Pronk Pops Show 276: June 10, 2014

Pronk Pops Show 275: June 9, 2014

Pronk Pops Show 274: June 6, 2014

Pronk Pops Show 273: June 5, 2014

Pronk Pops Show 272: June 4, 2014

Pronk Pops Show 271: June 2, 2014

Story 1: Asset Price Bubble Bursts Coming In October With 69 Months of Near Zero Federal Funds Interest Rates! — Interest Rate Suppression or Price Control and Manipulation Will Blow Up Economy — Suppressing Savings and Investment With Low Interest Rates Is A Formula For Diaster and Depression — Panic Time — Start A War Over Oil — Meltdown America –Videos

U.S. Debt Clock

Current Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
09/17/2014 12,767,522,798,389.80 4,997,219,915,398.95 17,764,742,713,788.75

 

TABLE I -- SUMMARY OF TREASURY SECURITIES OUTSTANDING, AUGUST 31, 2014
(Millions of dollars)
                                              Amount Outstanding
Title                                         Debt Held             Intragovernmental         Totals
                                              By the Public         Holdings
Marketable:
  Bills.......................................        1,450,293                     1,704                1,451,998
  Notes.......................................        8,109,269                     7,365                8,116,634
  Bonds.......................................        1,521,088                        57                1,521,144
  Treasury Inflation-Protected Securities.....        1,031,836                        52                1,031,888
  Floating Rate Notes  21  ...................          109,996                         0                  109,996
  Federal Financing Bank  1  .................                0                    13,612                   13,612
Total Marketable  a...........................       12,222,481                    22,790 2             12,245,271
Nonmarketable:
  Domestic Series.............................           29,995                         0                   29,995
  Foreign Series..............................            2,986                         0                    2,986
  State and Local Government Series...........          105,440                         0                  105,440
  United States Savings Securities............          177,030                         0                  177,030
  Government Account Series...................          193,237                 4,993,277                5,186,514
  Hope Bonds 19...............................                0                       494                      494
  Other.......................................            1,443                         0                    1,443
Total Nonmarketable  b........................          510,130                 4,993,771                5,503,901
Total Public Debt Outstanding ................       12,732,612                 5,016,561               17,749,172
TABLE II -- STATUTORY DEBT LIMIT, AUGUST 31, 2014
(Millions of dollars)
                                              Amount Outstanding
Title                                         Debt Held             Intragovernmental         Totals
                                                 By the Public 17, 2Holdings
Debt Subject to Limit: 17, 20
  Total Public Debt Outstanding...............       12,732,612                 5,016,561               17,749,172
  Less Debt Not Subject to Limit:
    Other Debt ...............................              485                         0                      485
    Unamortized Discount  3...................           15,742                    12,421                   28,163
    Federal Financing Bank  1     ............                0                    13,612                   13,612
    Hope Bonds 19.............................                0                       494                      494
  Plus Other Debt Subject to Limit:
    Guaranteed Debt of Government Agencies  4                 *                         0                        *
  Total Public Debt Subject to Limit .........       12,716,386                 4,990,033               17,706,419
  Statutory Debt Limit  5.....................................................................                   0
COMPILED AND PUBLISHED BY
THE BUREAU OF THE FISCAL SERVICE
www.TreasuryDirect.gov

Interest Expense on the Debt Outstanding

The Interest Expense on the Debt Outstanding includes the monthly interest for:

Amortized discount or premium on bills, notes and bonds is also included in the monthly interest expense.

The fiscal year represents the total interest expense on the Debt Outstanding for a given fiscal year. This includes the months of October through September. View current month details (XLS Format, File size 199KB, uploaded 09/05/2014).

Note: To read or print a PDF document, you need the Adobe Acrobat Reader (v5.0 or higher) software installed on your computer. You can download the Adobe Acrobat Reader from the Adobe Website.

If you need help downloading…

Interest Expense Fiscal Year 2014
August $27,093,517,258.24
July $29,260,530,745.98
June $97,565,768,696.69
May $32,081,384,628.40
April $31,099,852,014.96
March $26,269,559,883.36
February $21,293,863,450.50
January $19,498,592,676.78
December $88,275,817,263.03
November $22,327,099,682.97
October $16,451,313,332.09
Fiscal Year Total $411,217,855,816.94
Available Historical Data Fiscal Year End
2013 $415,688,781,248.40
2012 $359,796,008,919.49
2011 $454,393,280,417.03
2010 $413,954,825,362.17
2009 $383,071,060,815.42
2008 $451,154,049,950.63
2007 $429,977,998,108.20
2006 $405,872,109,315.83
2005 $352,350,252,507.90
2004 $321,566,323,971.29
2003 $318,148,529,151.51
2002 $332,536,958,599.42
2001 $359,507,635,242.41
2000 $361,997,734,302.36
1999 $353,511,471,722.87
1998 $363,823,722,920.26
1997 $355,795,834,214.66
1996 $343,955,076,695.15
1995 $332,413,555,030.62
1994 $296,277,764,246.26
1993 $292,502,219,484.25
1992 $292,361,073,070.74
1991 $286,021,921,181.04
1990 $264,852,544,615.90
1989 $240,863,231,535.71
1988 $214,145,028,847.73

chart

fredgraph

fredgraph

BND-10-Year-Treasury-Yield-09122014

 JIM ROGERS Financial disaster coming – Dollar collapse – Countries Move Away From USD

US Fed signals move to normalize monetary policy

Dollar Meltdown, Massive Financial Bubble, Economic Collapse Marc Faber

Peter Schiff Iraq Crisis Threatens Global Economy

Peter Schiff – Fantasy About US Recovery Is Not Going To Materialize

Most important video Americans will see today – Doug Casey Interview

James Grant: Two Alternative Outcomes From Fed Policy – Much Higher Inflation or More Money Printing

Investor Jim Grant on Bubbles And Bargains

Jim Rogers Discusses Concern Over The Market

Jim Rogers On Economic Collapse And The US Debt‬

US Economy 2014 Collapse – *Peter Schiff* – FED will cause Huge Economic Crisis!

US ECONOMY COLLAPSE WILL LEAVE MILLIONS IN POVERTY

There Will Be No Economic Recovery. Prepare Yourself Accordingly

US Massive Financial Crisis Coming

Dan Mitchell Discussing Harvard Survey, Arguing for Growth over Class Warfare

The Coming Stock Market Crash and The Death of Money with Jim Rickards

Market Crash, Economic collapse 2014, The coming of World War 3 – Stock Market

Forbes: Obama’s Economic Reforms Are the Definition of Insanity

Why America Should Default and You Should Live Abroad: Q&A with Doug Casey

Doug Casey-No Way Out-Stock, Bond and Real Estate Markets Will Collapse

Russia conspired to destroy US dollar with China – clip from Meltdown America documentary

http://www.caseyresearch.com/lg/meltdown-video

 

 

Here a bubble, there a bubble: Ol’ Marc Faber

Even after the Dow and the S&P 500 closed at new all-time highs, closely followed contrarian Marc Faber keeps sounding the alarm.

“We have a bubble in everything, everywhere,” the publisher of The Gloom, Boom & Doom Report told CNBC’s “Squawk Box” on Friday. Faber has long argued that the Federal Reserve’s massive asset purchasing programs and near-zero interest rates have inflated stock prices.

The catalyst for a market decline, as he sees it, could be a “raise in interest rates, not engineered by the Fed,” referring an increase in bond yields.

 

Faber also expressed concern about American consumers. “Their cost of living have gone up more than the salary increases, so they’re getting squeezed. So that’s why retailing is not doing particularly well.”

A real black swan event, he argued, would be a global recession. “The big surprise will be that the global economy slows down and goes into recession. And that will shock markets.”

If economies around the world can’t recovery with the Fed and other central banks pumping easy money into the system, that would send a dire message, Faber added. He believes the best way for world economies to recover is to cut the size of government.

Read MoreBond market hears Fed hawks; stocks see doves

There’s a dual-economy in the U.S. and around the world with the rich doing really well and others struggling, he said. “[But] the rich will get creamed one day, especially in Europe, on wealth taxes.”

On the other end of the market spectrum, longtime stock market bull Jeremy Siegel told CNBC on Tuesday (ahead of Wednesday’s Fed policy statement leaving interest rate guidance unchanged) that he stands by his Dow 18,000 prediction.

The Wharton School professor sees second half economic growth of 3 to 4 percent, S&P 500 earnings near $120, and the start of Fed rate hikes in the spring or summer of 2015

http://www.cnbc.com/id/102016166

 

Fed and TWTR Overvaluation, Evidence of Looming Market Crash: Stockman

The Federal Reserve Wednesday reassured investors that it will hold interest rates near zero for a “considerable time” after it ends the bond-buying program known as quantitative easing in October. In response, the Dow Jones Industrial Average (^DJI) closed at a new record high.

Former Director of the Office of Management and Budget and author of the book, The Great Deformation, David Stockman, has significant concerns about that very policy.

“I’m worried… that we’ve got the greatest bubble created by a central bank in human history,” he told Yahoo Finance.

In a recent blog post, Stockman offered a handful of high-flying stocks as evidence of what he sees as “madness.”

                                               “…Twitter, is all that is required to remind us that once

                                               again markets are trading in the nosebleed section

                                               of history, rivaling even the madness of March 2000.”

Behind the madness

In an interview with Yahoo Finance, Stockman blamed Fed policy for creating that madness.

“We have been shoving zero-cost money into the financial markets for 6-years running,” he said. “That’s the kerosene that drives speculative trading – the carry trades. That’s what the gamblers use to fund their position as they move from one momentum play and trade to another.”

And that, he says, is not sustainable. While Stockman believes tech stocks are especially overvalued, he warns that it’s not just tech valuations that are inflated. “Everything’s massively overvalued, and it’s predicated on zero-cost overnight money that continues these carry trades; It can’t continue.”

And he still believes, as he has for some time – so far, incorrectly – that there will be a day of reckoning.

“When the trades begin to unwind because the carry cost has to normalize, you’re going to have a dramatic re-pricing dislocation in these financial markets.”

As Yahoo Finance’s Lauren Lyster points out in the associated video, investors who heeded Stockman’s advice last year would have missed out on a 28% run-up in stocks. But Stockman remains steadfast in his belief that the current Fed policy and the resultant market behavior can not continue. “I think what the Fed is doing is so unprecedented, what is happening in the markets is so unnatural,” he said. “This is dangerous, combustible stuff, and I don’t know when the explosion occurs – when the collapse suddenly is upon us – but when it happens, people will be happy that they got out of the way if they did.”

 

 

Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page
Release Date: Thursday, September 11, 2014
Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release  Other formats: Screen reader | ASCII | PDF (21 KB)


Try data download now image link

FEDERAL RESERVE statistical release

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 11, 2014

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Sep 10, 2014
Week ended
Sep 10, 2014
Change from week ended
Sep 3, 2014 Sep 11, 2013
Reserve Bank credit 4,377,690 +    4,183 +  761,693 4,379,719
Securities held outright1 4,159,537 +    2,675 +  765,361 4,160,521
U.S. Treasury securities 2,439,657 +    2,671 +  401,376 2,440,637
Bills2          0          0          0          0
Notes and bonds, nominal2 2,325,368 +    2,678 +  386,333 2,326,351
Notes and bonds, inflation-indexed2     97,755          0 +   11,737     97,755
Inflation compensation3     16,534 -        7 +    3,306     16,531
Federal agency debt securities2     41,562          0 -   22,868     41,562
Mortgage-backed securities4 1,678,317 +        4 +  386,851 1,678,322
Unamortized premiums on securities held outright5    208,963 -      219 +    5,815    208,907
Unamortized discounts on securities held outright5    -18,664 +       21 -   12,958    -18,654
Repurchase agreements6          0          0          0          0
Loans        291 -        8 +       18        352
Primary credit         10 -       18 -        8         53
Secondary credit          0          0          0          0
Seasonal credit        247 +        9 +       94        266
Term Asset-Backed Securities Loan Facility7         34          0 -       68         34
Other credit extensions          0          0          0          0
Net portfolio holdings of Maiden Lane LLC8      1,664 -        1 +      171      1,665
Net portfolio holdings of Maiden Lane II LLC9         63          0 -        1         63
Net portfolio holdings of Maiden Lane III LLC10         22          0          0         22
Net portfolio holdings of TALF LLC11         44          0 -       80         44
Float       -675 -       69 +       94       -627
Central bank liquidity swaps12         77 +        1 -      243         77
Other Federal Reserve assets13     26,369 +    1,784 +    3,517     27,349
Foreign currency denominated assets14     22,933 -      353 -      737     22,801
Gold stock     11,041          0          0     11,041
Special drawing rights certificate account      5,200          0          0      5,200
Treasury currency outstanding15     46,103 +       14 +      820     46,103
Total factors supplying reserve funds 4,462,967 +    3,844 +  761,776 4,464,863

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

1. Factors Affecting Reserve Balances of Depository Institutions (continued)

Millions of dollars

Reserve Bank credit, related items, and
reserve balances of depository institutions at
Federal Reserve Banks
Averages of daily figures Wednesday
Sep 10, 2014
Week ended
Sep 10, 2014
Change from week ended
Sep 3, 2014 Sep 11, 2013
Currency in circulation15 1,292,467 -      442 +   84,956 1,291,993
Reverse repurchase agreements16    266,584 +      818 +  173,996    267,602
Foreign official and international accounts    102,228 -      296 +    9,640    107,303
Others    164,356 +    1,115 +  164,356    160,299
Treasury cash holdings        165 +        4 +       23        164
Deposits with F.R. Banks, other than reserve balances     52,715 -    6,170 -   19,233     53,117
Term deposits held by depository institutions          0          0          0          0
U.S. Treasury, General Account     39,081 -    3,787 +      530     31,872
Foreign official      5,432 -    1,134 -    3,562      5,241
Other17      8,202 -    1,248 -   16,201     16,004
Other liabilities and capital18     63,991 -        1 +      818     63,033
Total factors, other than reserve balances,
absorbing reserve funds
1,675,922 -    5,792 +  240,561 1,675,910
Reserve balances with Federal Reserve Banks 2,787,045 +    9,636 +  521,214 2,788,954

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of
the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements.
7. Includes credit extended by the Federal Reserve Bank of New York to eligible borrowers through the Term Asset-Backed Securities Loan Facility.
8. Refer to table 4 and the note on consolidation accompanying table 9.
9. Refer to table 5 and the note on consolidation accompanying table 9.
10. Refer to table 6 and the note on consolidation accompanying table 9.
11. Refer to table 7 and the note on consolidation accompanying table 9.
12. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned
to the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the
foreign central bank.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.  Also, includes Reserve Bank premises and equipment net of allowances for depreciation.
14. Revalued daily at current foreign currency exchange rates.
15. Estimated.
16. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
17. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.
18. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury. Refer to table 8 and table 9.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

1A. Memorandum Items

Millions of dollars

Memorandum item Averages of daily figures Wednesday
Sep 10, 2014
Week ended
Sep 10, 2014
Change from week ended
Sep 3, 2014 Sep 11, 2013
Securities held in custody for foreign official and international accounts 3,338,309 -      417 +   61,832 3,343,937
Marketable U.S. Treasury securities1 3,010,563 -      456 +   86,414 3,016,027
Federal agency debt and mortgage-backed securities2    285,805 +       28 -   29,008    285,934
Other securities3     41,942 +       12 +    4,427     41,976
Securities lent to dealers     10,669 +    1,648 -    1,429     11,123
Overnight facility4     10,669 +    1,648 -    1,429     11,123
U.S. Treasury securities      9,860 +    1,721 -    1,405     10,373
Federal agency debt securities        810 -       72 -       23        750

Note: Components may not sum to totals because of rounding.

1. Includes securities and U.S. Treasury STRIPS at face value, and inflation compensation on TIPS. Does not include securities pledged as collateral to foreign official and international account holders against reverse repurchase agreements with the Federal Reserve presented in tables 1, 8, and 9.
2. Face value of federal agency securities and current face value of mortgage-backed securities, which is the remaining principal balance of the securities.
3. Includes non-marketable U.S. Treasury securities, supranationals, corporate bonds, asset-backed securities, and commercial paper at face value.
4. Face value. Fully collateralized by U.S. Treasury securities.
2. Maturity Distribution of Securities, Loans, and Selected Other Assets and Liabilities, September 10, 2014

Millions of dollars

Remaining Maturity Within 15
days
16 days to
90 days
91 days to
1 year
Over 1 year
to 5 years
Over 5 year
to 10 years
Over 10
years
All
Loans1        118        234          0          0          0        352
U.S. Treasury securities2
Holdings          0         90      3,194 1,037,162    742,261    657,930 2,440,637
Weekly changes          0          0          0 +    1,615 -        1 +    2,037 +    3,651
Federal agency debt securities3
Holdings      1,556      1,329      3,584     32,746          0      2,347     41,562
Weekly changes          0          0          0          0          0          0          0
Mortgage-backed securities4
Holdings          0          0          0         10      4,698 1,673,614 1,678,322
Weekly changes          0          0          0          0 +      863 -      857 +        6
Asset-backed securities held by
TALF LLC5
         0          0          0          0          0          0          0
Repurchase agreements6          0          0          0
Central bank liquidity swaps7         77          0          0          0          0          0         77
Reverse repurchase agreements6    267,602          0    267,602
Term deposits          0          0          0          0

Note: Components may not sum to totals because of rounding.
…Not applicable.

1. Excludes the loans from the Federal Reserve Bank of New York (FRBNY) to Maiden Lane LLC, Maiden Lane II LLC, Maiden
Lane III LLC, and TALF LLC. The loans were eliminated when preparing the FRBNY’s statement of condition consistent with consolidation
under generally accepted accounting principles.
2. Face value. For inflation-indexed securities, includes the original face value and compensation that adjusts for the effect of inflation on the
original face value of such securities.
3. Face value.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
5. Face value of asset-backed securities held by TALF LLC, which is the remaining principal balance of the underlying assets.
6. Cash value of agreements.
7. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign
central bank.

3. Supplemental Information on Mortgage-Backed Securities

Millions of dollars

Account name Wednesday
Sep 10, 2014
Mortgage-backed securities held outright1 1,678,322
Commitments to buy mortgage-backed securities2     80,643
Commitments to sell mortgage-backed securities2          0
Cash and cash equivalents3          4
1. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
2. Current face value. Generally settle within 180 days and include commitments associated with outright transactions, dollar rolls, and coupon swaps.
3. This amount is included in other Federal Reserve assets in table 1 and in other assets in table 8 and table 9.

4. Information on Principal Accounts of Maiden Lane LLC

Millions of dollars

Account name Wednesday
Sep 10, 2014
Net portfolio holdings of Maiden Lane LLC1      1,665
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2          0
Accrued interest payable to the Federal Reserve Bank of New York2          0
Outstanding principal amount and accrued interest on loan payable to JPMorgan Chase & Co.3          0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2014. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On June 26, 2008, the Federal Reserve Bank of New York (FRBNY) extended credit to Maiden Lane LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to acquire certain assets of Bear Stearns and to manage those assets through time to maximize repayment of the credit extended and to minimize disruption to financial markets. Payments by Maiden Lane LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of the LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to JPMorgan Chase & Co., and interest due to JPMorgan Chase & Co. Any remaining funds will be paid to the FRBNY.

5. Information on Principal Accounts of Maiden Lane II LLC

Millions of dollars

Account name Wednesday
Sep 10, 2014
Net portfolio holdings of Maiden Lane II LLC1         63
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2          0
Accrued interest payable to the Federal Reserve Bank of New York2          0
Deferred payment and accrued interest payable to subsidiaries of American International Group, Inc.3          0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2014. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The deferred payment represents the portion of the proceeds of the net portfolio holdings due to subsidiaries of American
International Group, Inc. in accordance with the asset purchase agreement. The fair value of this payment and accrued interest payable are
included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On December 12, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane II LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. (AIG subsidiaries). Payments by Maiden Lane II LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane II LLC, principal due to the FRBNY, interest due to the FRBNY, and deferred payment and interest due to AIG subsidiaries. Any remaining funds will be shared by the FRBNY and AIG subsidiaries.

6. Information on Principal Accounts of Maiden Lane III LLC

Millions of dollars

Account name Wednesday
Sep 10, 2014
Net portfolio holdings of Maiden Lane III LLC1         22
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2          0
Accrued interest payable to the Federal Reserve Bank of New York2          0
Outstanding principal amount and accrued interest on loan payable to American International Group, Inc.3          0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date. Revalued quarterly. This table reflects valuations as of June 30, 2014. Any assets purchased after
this valuation date are initially recorded at cost until their estimated fair value as of the purchase date becomes available.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve Bank of New York (FRBNY) began extending credit to Maiden Lane III LLC under the authority of section 13(3) of the Federal Reserve Act. This limited liability company was formed to purchase multi-sector collateralized debt obligations (CDOs) on which the Financial Products group of American International Group, Inc. (AIG) has written credit default swap (CDS) contracts. In connection with the purchase of CDOs, the CDS counterparties will concurrently unwind the related CDS transactions. Payments by Maiden Lane III LLC from the proceeds of the net portfolio holdings will be made in the following order: operating expenses of Maiden Lane III LLC, principal due to the FRBNY, interest due to the FRBNY, principal due to AIG, and interest due to AIG. Any remaining funds will be shared by the FRBNY and AIG.

7. Information on Principal Accounts of TALF LLC

Millions of dollars

Account name Wednesday
Sep 10, 2014
Asset-backed securities holdings1          0
Other investments, net         44
Net portfolio holdings of TALF LLC         44
Outstanding principal amount of loan extended by the Federal Reserve Bank of New York2          0
Accrued interest payable to the Federal Reserve Bank of New York2          0
Funding provided by U.S. Treasury to TALF LLC, including accrued interest payable3          0
1. Fair value. Fair value reflects an estimate of the price that would be received upon selling an asset if the transaction were to be conducted in an orderly market on the measurement date.
2. Book value. This amount was eliminated when preparing the Federal Reserve Bank of New York’s statement of condition consistent with consolidation under generally accepted accounting principles. Refer to the note on consolidation accompanying table 9.
3. Book value. The fair value of these obligations is included in other liabilities and capital in table 1 and in other liabilities and accrued dividends in table 8 and table 9.

Note: On November 25, 2008, the Federal Reserve announced the creation of the Term Asset-Backed Securities Loan Facility (TALF) under theauthority of section 13(3) of the Federal Reserve Act. The TALF is a facility under which the Federal Reserve Bank of New York (FRBNY) extended loans with a term of up to five years to holders of eligible asset-backed securities. The Federal Reserve closed the TALF for new loan extensions in 2010. The loans provided through the TALF to eligible borrowers are non-recourse, meaning that the obligation of the borrower can be discharged by surrendering the collateral to the FRBNY.

TALF LLC is a limited liability company formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a TALF loan. TALF LLC has committed, for a fee, to purchase all asset-backed securities received by the FRBNY in conjunction with a TALF loan at a price equal to the TALF loan plus accrued but unpaid interest. Prior to January 15, 2013, the U.S. Treasury’s Troubled Asset Relief Program (TARP) committed backup funding to TALF LLC, providing credit protection to the FRBNY. However, the accumulated fees and income collected through the TALF and held by TALF LLC now exceed the remaining amount of TALF loans outstanding. Accordingly, the TARP credit protection commitment has been terminated, and TALF LLC has begun to distribute excess proceeds to the Treasury and the FRBNY. Any remaining funds will be shared by the FRBNY and the U.S. Treasury.

8. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Assets, liabilities, and capital Eliminations from consolidation Wednesday
Sep 10, 2014
Change since
Wednesday Wednesday
Sep 3, 2014 Sep 11, 2013
Assets
Gold certificate account     11,037          0          0
Special drawing rights certificate account      5,200          0          0
Coin      1,930 +        8 -       62
Securities, unamortized premiums and discounts, repurchase agreements, and loans 4,351,126 +    3,534 +  756,847
Securities held outright1 4,160,521 +    3,657 +  763,739
U.S. Treasury securities 2,440,637 +    3,651 +  399,549
Bills2          0          0          0
Notes and bonds, nominal2 2,326,351 +    3,661 +  385,784
Notes and bonds, inflation-indexed2     97,755          0 +   10,546
Inflation compensation3     16,531 -       10 +    3,219
Federal agency debt securities2     41,562          0 -   22,654
Mortgage-backed securities4 1,678,322 +        6 +  386,844
Unamortized premiums on securities held outright5    208,907 -      132 +    5,820
Unamortized discounts on securities held outright5    -18,654 +       19 -   12,787
Repurchase agreements6          0          0          0
Loans        352 -       10 +       75
Net portfolio holdings of Maiden Lane LLC7      1,665 +        1 +      167
Net portfolio holdings of Maiden Lane II LLC8         63          0 -        1
Net portfolio holdings of Maiden Lane III LLC9         22          0          0
Net portfolio holdings of TALF LLC10         44          0 -       68
Items in process of collection (0)         94 -       22 -       31
Bank premises      2,255          0 -       29
Central bank liquidity swaps11         77 +        1 -      243
Foreign currency denominated assets12     22,801 -      404 -      925
Other assets13     25,095 +    2,704 +    3,719
Total assets (0) 4,421,408 +    5,821 +  759,373

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

8. Consolidated Statement of Condition of All Federal Reserve Banks (continued)

Millions of dollars

Assets, liabilities, and capital Eliminations from consolidation Wednesday
Sep 10, 2014
Change since
Wednesday Wednesday
Sep 3, 2014 Sep 11, 2013
Liabilities
Federal Reserve notes, net of F.R. Bank holdings 1,247,980 -    2,086 +   84,510
Reverse repurchase agreements14    267,602 +   17,296 +  175,438
Deposits (0) 2,842,072 -    8,612 +  499,663
Term deposits held by depository institutions          0          0          0
Other deposits held by depository institutions 2,788,954 -   24,799 +  513,312
U.S. Treasury, General Account     31,872 +   10,836 +    1,852
Foreign official      5,241 -    1,326 -    3,524
Other15 (0)     16,004 +    6,676 -   11,978
Deferred availability cash items (0)        721 -      482 -      163
Other liabilities and accrued dividends16      6,693 -      299 -    1,529
Total liabilities (0) 4,365,067 +    5,817 +  757,919
Capital accounts
Capital paid in     28,170 +        2 +      726
Surplus     28,170 +        2 +      726
Other capital accounts          0          0          0
Total capital     56,341 +        4 +    1,454

Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation accompanying table 9.
8. Refer to table 5 and the note on consolidation accompanying table 9.
9. Refer to table 6 and the note on consolidation accompanying table 9.
10. Refer to table 7 and the note on consolidation accompanying table 9.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to
the foreign central bank. This exchange rate equals the market exchange rate used when the foreign currency was acquired from the foreign
central bank.
12. Revalued daily at current foreign currency exchange rates.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.
16. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal
Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation accompanying table 9. Also includes the liability for interest on Federal Reserve notes due to U.S. Treasury.

9. Statement of Condition of Each Federal Reserve Bank, September 10, 2014

Millions of dollars

Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Assets
Gold certificate account     11,037        352      4,125        338        464        824      1,349        706        278        173        291        880      1,257
Special drawing rights certificate acct.      5,200        196      1,818        210        237        412        654        424        150         90        153        282        574
Coin      1,930         32         94        124        123        320        222        276         25         46        153        182        332
Securities, unamortized premiums and discounts, repurchase agreements,
and loans
4,351,126     88,009 2,670,390    104,231     94,993    243,168    240,542    177,833     53,725     26,795     57,330    132,586    461,524
Securities held outright1 4,160,521     84,160 2,553,576     99,673     90,839    232,534    229,991    170,046     51,317     25,497     54,804    126,772    441,311
U.S. Treasury securities 2,440,637     49,370 1,497,974     58,470     53,288    136,409    134,917     99,752     30,104     14,957     32,149     74,367    258,881
Bills2          0          0          0          0          0          0          0          0          0          0          0          0          0
Notes and bonds3 2,440,637     49,370 1,497,974     58,470     53,288    136,409    134,917     99,752     30,104     14,957     32,149     74,367    258,881
Federal agency debt securities2     41,562        841     25,509        996        907      2,323      2,298      1,699        513        255        547      1,266      4,409
Mortgage-backed securities4 1,678,322     33,949 1,030,093     40,207     36,644     93,803     92,777     68,595     20,701     10,285     22,107     51,139    178,021
Unamortized premiums on securities held outright5    208,907      4,226    128,220      5,005      4,561     11,676     11,548      8,538      2,577      1,280      2,752      6,365     22,159
Unamortized discounts on securities held outright5    -18,654       -377    -11,449       -447       -407     -1,043     -1,031       -762       -230       -114       -246       -568     -1,979
Repurchase agreements6          0          0          0          0          0          0          0          0          0          0          0          0          0
Loans        352          1         44          0          0          0         34         11         61        132         20         17         33
Net portfolio holdings of Maiden
Lane LLC7      1,665          0      1,665          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
Lane II LLC8         63          0         63          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of Maiden
Lane III LLC9         22          0         22          0          0          0          0          0          0          0          0          0          0
Net portfolio holdings of TALF LLC10         44          0         44          0          0          0          0          0          0          0          0          0          0
Items in process of collection         94          0          0          0          0          0         93          0          0          1          0          0          0
Bank premises      2,255        121        434         74        110        222        209        198        124         97        243        224        200
Central bank liquidity swaps11         77          4         25          6          6         16          4          2          1          0          1          1         11
Foreign currency denominated assets12     22,801      1,037      7,335      1,714      1,813      4,754      1,311        629        192         96        240        381      3,299
Other assets13     25,095        535     15,039        739        546      1,547      1,374      1,014        356        219        347        798      2,580
Interdistrict settlement account          0 +   10,547 -   58,585 +    2,678 +    9,252 +      197 +    8,040 -   10,297 -   10,950 -    2,083 -      134 +    2,635 +   48,701
Total assets 4,421,408    100,833 2,642,468    110,114    107,543    251,460    253,799    170,787     43,900     25,434     58,623    137,969    518,478

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank, September 10, 2014 (continued)

Millions of dollars

Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas Dallas San
City Francisco
Liabilities
Federal Reserve notes outstanding 1,443,974     44,572    489,349     42,766     65,118    103,568    212,875     94,569     37,360     21,242     36,783    115,911    179,862
Less: Notes held by F.R. Banks    195,994      5,311     63,063      6,357      8,870     11,177     20,690     11,915      4,937      4,278      5,302     25,736     28,359
Federal Reserve notes, net 1,247,980     39,261    426,285     36,409     56,248     92,391    192,186     82,654     32,423     16,964     31,481     90,175    151,503
Reverse repurchase agreements14    267,602      5,413    164,244      6,411      5,843     14,956     14,793     10,937      3,301      1,640      3,525      8,154     28,385
Deposits 2,842,072     53,409 2,030,175     62,876     40,791    131,999     42,547     75,315      7,510      6,356     22,882     38,429    329,783
Term deposits held by depository institutions          0          0          0          0          0          0          0          0          0          0          0          0          0
Other deposits held by depository institutions 2,788,954     53,397 1,977,410     62,837     40,788    131,731     42,538     75,306      7,510      6,355     22,881     38,428    329,774
U.S. Treasury, General Account     31,872          0     31,872          0          0          0          0          0          0          0          0          0          0
Foreign official      5,241          2      5,214          3          3          8          2          1          0          0          0          1          6
Other15     16,004         11     15,679         36          0        260          7          7          0          0          1          0          3
Deferred availability cash items        721          0          0          0          0          0        611          0          0        110          0          0          0
Interest on Federal Reserve notes due
to U.S. Treasury16
     1,693         19      1,199         20         10         23         86         73         20         12         20         54        155
Other liabilities and accrued
dividends17
     5,000        167      2,179        211        208        544        361        282        142        118        126        208        454
Total liabilities 4,365,067     98,270 2,624,083    105,927    103,101    239,913    250,583    169,261     43,395     25,200     58,034    137,021    510,279
Capital
Capital paid in     28,170      1,282      9,193      2,093      2,221      5,773      1,608        763        252        117        295        474      4,099
Surplus     28,170      1,282      9,193      2,093      2,221      5,773      1,608        763        252        117        295        474      4,099
Other capital          0          0          0          0          0          0          0          0          0          0          0          0          0
Total liabilities and capital 4,421,408    100,833 2,642,468    110,114    107,543    251,460    253,799    170,787     43,900     25,434     58,623    137,969    518,478

Note: Components may not sum to totals because of rounding. Footnotes appear at the end of the table.

9. Statement of Condition of Each Federal Reserve Bank, September 10, 2014 (continued)

1. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.
2. Face value of the securities.
3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities.
4. Guaranteed by Fannie Mae, Freddie Mac, and Ginnie Mae. The current face value shown is the remaining principal balance of the securities.
5. Reflects the premium or discount, which is the difference between the purchase price and the face value of the securities that has not been amortized.  For U.S. Treasury and Federal agency debt securities, amortization is on a straight-line basis.  For mortgage-backed securities, amortization is on an effective-interest basis.
6. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.
7. Refer to table 4 and the note on consolidation below.
8. Refer to table 5 and the note on consolidation below.
9. Refer to table 6 and the note on consolidation below.
10. Refer to table 7 and the note on consolidation below.
11. Dollar value of foreign currency held under these agreements valued at the exchange rate to be used when the foreign currency is returned to the foreign central bank. This exchange rate
equals the market exchange rate used when the foreign currency was acquired from the foreign central bank.
12. Revalued daily at current foreign currency exchange rates.
13. Includes accrued interest, which represents the daily accumulation of interest earned, and other accounts receivable.
14. Cash value of agreements, which are collateralized by U.S. Treasury securities, federal agency debt securities, and mortgage-backed securities.
15. Includes deposits held at the Reserve Banks by international and multilateral organizations, government-sponsored enterprises, and designated financial market utilities.
16. Represents the estimated weekly remittances to U.S. Treasury as interest on Federal Reserve notes or, in those cases where the Reserve Bank’s net earnings are not sufficient to equate surplus to capital paid-in, the deferred asset for interest on Federal Reserve notes. The amount of any deferred asset, which is presented as a negative amount in this line, represents the amount of the Federal Reserve Bank’s earnings that must be retained before remittances to the U.S. Treasury resume. The amounts on this line are calculated in accordance with Board of Governors policy, which requires the Federal Reserve Banks to remit residual earnings to the U.S. Treasury as interest on Federal Reserve notes after providing for the costs of operations, payment of dividends, and the amount necessary to equate surplus with capital paid-in.
17. Includes the liabilities of Maiden Lane LLC, Maiden Lane II LLC, Maiden Lane III LLC, and TALF LLC to entities other than the Federal Reserve Bank of New York, including liabilities that have recourse only to the portfolio holdings of these LLCs. Refer to table 4 through table 7 and the note on consolidation below.

Note on consolidation:

The Federal Reserve Bank of New York (FRBNY) has extended loans to several limited liability companies under the authority of section 13(3) of the Federal Reserve Act. On June 26, 2008, a loan was extended to Maiden Lane LLC, which was formed to acquire certain assets of Bear Stearns. On November 25, 2008, a loan was extended to Maiden Lane III LLC, which was formed to purchase multi-sector collateralized debt obligations on which the Financial Products group of the American International Group, Inc. has written credit default swap contracts. On December 12, 2008, a loan was extended to Maiden Lane II LLC, which was formed to purchase residential mortgage-backed securities from the U.S. securities lending reinvestment portfolio of subsidiaries of American International Group, Inc. On November 25, 2008, the Federal Reserve Board authorized the FRBNY to extend credit to TALF LLC, which was formed to purchase and manage any asset-backed securities received by the FRBNY in connection with the decision of a borrower not to repay a loan extended under the Term Asset-Backed Securities Loan Facility.

The FRBNY is the primary beneficiary of TALF LLC, because of the two beneficiaries of the LLC, the FRBNY and the U.S. Treasury, the FRBNY is primarily responsible for directing the financial activities of TALF LLC. The FRBNY is the primary beneficiary of the other LLCs cited above because it will receive a majority of any residual returns of the LLCs and absorb a majority of any residual losses of the LLCs. Consistent with generally accepted accounting principles, the assets and liabilities of these LLCs have been consolidated with the assets and liabilities of the FRBNY in the preparation of the statements of condition shown on this release. As a consequence of the consolidation, the extensions of credit from the FRBNY to the LLCs are eliminated, the net assets of the LLCs appear as assets on the previous page (and in table 1 and table 8), and the liabilities of the LLCs to entities other than the FRBNY, including those with recourse only to the portfolio holdings of the LLCs, are included in other liabilities in this table (and table 1 and table 8).

10. Collateral Held against Federal Reserve Notes: Federal Reserve Agents’ Accounts

Millions of dollars

Federal Reserve notes and collateral Wednesday
Sep 10, 2014
Federal Reserve notes outstanding 1,443,974
Less: Notes held by F.R. Banks not subject to collateralization    195,994
Federal Reserve notes to be collateralized 1,247,980
Collateral held against Federal Reserve notes 1,247,980
Gold certificate account     11,037
Special drawing rights certificate account      5,200
U.S. Treasury, agency debt, and mortgage-backed securities pledged1,2 1,231,743
Other assets pledged          0
Memo:
Total U.S. Treasury, agency debt, and mortgage-backed securities1,2 4,160,521
Less: Face value of securities under reverse repurchase agreements    257,508
U.S. Treasury, agency debt, and mortgage-backed securities eligible to be pledged 3,903,013

Note: Components may not sum to totals because of rounding.

1. Includes face value of U.S. Treasury, agency debt, and mortgage-backed securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements.
2. Includes securities lent to dealers under the overnight securities lending facility; refer to table 1A.

Release dates | Data Download Program (DDP) | About | Announcements | Technical Q&As
Current release   Other formats: Screen reader | ASCII | PDF (21 KB)

Statistical releases


The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Show 328-332

Listen To Pronk Pops Podcast or Download Show 319-327

Listen To Pronk Pops Podcast or Download Show 307-318

Listen To Pronk Pops Podcast or Download Show 296-306

Listen To Pronk Pops Podcast or Download Show 287-295

Listen To Pronk Pops Podcast or Download Show 277-286

Listen To Pronk Pops Podcast or Download Show 264-276

Listen To Pronk Pops Podcast or Download Show 250-263

Listen To Pronk Pops Podcast or Download Show 236-249

Listen To Pronk Pops Podcast or Download Show 222-235

Listen To Pronk Pops Podcast or Download Show 211-221

Listen To Pronk Pops Podcast or DownloadShow 202-210

Listen To Pronk Pops Podcast or Download Show 194-201

Listen To Pronk Pops Podcast or Download Show 184-193

Listen To Pronk Pops Podcast or Download Show 174-183

Listen To Pronk Pops Podcast or Download Show 165-173

Listen To Pronk Pops Podcast or Download Show 158-164

Listen To Pronk Pops Podcast or Download Show 151-157

Listen To Pronk Pops Podcast or Download Show 143-150

Listen To Pronk Pops Podcast or Download Show 135-142

Listen To Pronk Pops Podcast or Download Show 131-134

Listen To Pronk Pops Podcast or Download Show 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

Listen To Pronk Pops Podcast or Download Shows 113 -117

Listen To Pronk Pops Podcast or Download Show 112

Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

Listen To Pronk Pops Podcast or Download Shows 93

Listen To Pronk Pops Podcast or Download Shows 92

Listen To Pronk Pops Podcast or Download Shows 91

Listen To Pronk Pops Podcast or Download Shows 88-90

Listen To Pronk Pops Podcast or Download Shows 84-87

Listen To Pronk Pops Podcast or Download Shows 79-83

Listen To Pronk Pops Podcast or Download Shows 74-78

Listen To Pronk Pops Podcast or Download Shows 71-73

Listen To Pronk Pops Podcast or Download Shows 68-70

Listen To Pronk Pops Podcast or Download Shows 65-67

Listen To Pronk Pops Podcast or Download Shows 62-64

Listen To Pronk Pops Podcast or Download Shows 58-61

Listen To Pronk Pops Podcast or Download Shows 55-57

Listen To Pronk Pops Podcast or Download Shows 52-54

Listen To Pronk Pops Podcast or Download Shows 49-51

Listen To Pronk Pops Podcast or Download Shows 45-48

Listen To Pronk Pops Podcast or Download Shows 41-44

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 17-26

Listen To Pronk Pops Podcast or Download Shows 16-22

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 01-09

Read Full Post | Make a Comment ( None so far )

Illegal Alien Invasion of The United States of America — Videos

Posted on August 2, 2014. Filed under: Agriculture, American History, Beef, Blogroll, College, Communications, Crime, Demographics, Drug Cartels, Economics, Education, Employment, Family, Farming, Federal Government, Food, Foreign Policy, Fraud, Freedom, Friends, government spending, history, Homicide, Illegal, Immigration, Inflation, Language, Law, Legal, liberty, Life, Links, media, People, Philosophy, Photos, Politics, Public Sector, Resources, Terrorism, Unemployment, Unions, Video, War, Water, Weather, Wisdom | Tags: , , , , , |

The Illegal Invasion of America

The Illegal Invasion From Ground Zero

Obama’s Border Crisis Could Result In The Deaths Of Millions Of Americans

Illegal Invasion Destroying Small Town America

A once prosperous Texas town is now drowning in debt due to the swarm of illegals destroying property,spreading disease and filling up mass graves on the taxpayer’s dime. Infowars reporter Jon bowne speaks with Falfurrias Texas judge Raul Ramirez about the red level warning signs for main street America.

Tidal Wave of Illegals Overrun Brownsville, Texas

Judge Jeanine Pirro Opening Statement – Illegal Alien Released Kills US Citizen – Obama’s Crisis

TV In Central America Telling Illegals To Go The US With Your Child – “You Won’t Be Turned Away”

 

 

Read Full Post | Make a Comment ( None so far )

Peter Brimelow — Alien Nation: Common Sense About America’s Immigration Disaster — Videos

Posted on July 21, 2014. Filed under: American History, Blogroll, Books, British History, Business, Catholic Church, Communications, Computers, Demographics, Diasters, Economics, Employment, Family, Federal Government, Foreign Policy, Freedom, Friends, government spending, history, Illegal, Immigration, IRS, Islam, Language, Law, Legal, liberty, Life, Links, Literacy, media, Medicine, Natural Gas, Non-Fiction, Oil, People, Philosophy, Photos, Politics, Press, Psychology, Public Sector, Rants, Raves, Regulations, Religion, Resources, Reviews, Security, Shite, Strategy, Sunni, Talk Radio, Taxes, Technology, Terrorism, Unemployment, Unions, Video, War, Water, Wealth, Weather, Welfare, Wisdom | Tags: , , , , , , , |

aliennation

peter_brimelow

VDARE.com

What Price Mass Immigration – Peter Brimelow Introduction

 

Peter Brimelow of VDare on How Republican Party Has to be More White

Alien Nation: America’s Immigration Disaster

Mr. Brimelow discussed his book Alien Nation: Common Sense About America’s Immigration Disaster, published by Random House. The book focuses on U.S. immigration policy and cycles of control on immigration. Mr. Brimelow argues that legislation passed in 1965 has resulted in negative trends in immigration to the United States, including an influx of immigrants from a very few countries that he says are engulfing America. The author says that the latest immigration wave consists of immigrants who are less educated, less skilled, and less likely to share American ideals, which he argues is a detriment to American culture.

Peter Brimelow Reflects on Immigration in America, Post-Alien Nation

Michael Coren Interviews Peter Brimelow

Peter Brimelow, Immigration Road to Hell

Peter Brimelow speaks CPAC 2012

Inequality and Immigration (1 of 3)

Inequality and Immigration (2 of 3)

Inequality & Immigration (3 of 3)

Peter Brimelow On Western Culture At The Thomas Jefferson Club

The Libertarian Case Against Open Immigration | Peter Brimelow

Related Articles and Videos

George J. Borjas: Costs of Immigration – Economics Roundtable

 

Read Full Post | Make a Comment ( None so far )

Political Establishment Elite (PEE) vs. Tea Party Movement — PEE Republican Candidate Eric Cantor, House Majority Leader Loses To Tea Party Candidate David Brat in Republican Primary — The Remnant Rallies — Videos

Posted on June 13, 2014. Filed under: American History, Blogroll, Business, Communications, Constitution, Crisis, Economics, Education, Employment, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Foreign Policy, Freedom, Friends, government spending, Health Care, history, Illegal, Immigration, Law, Legal, liberty, Life, Links, Literacy, Math, media, Obamacare, People, Philosophy, Photos, Politics, Public Sector, Radio, Rants, Raves, Regulations, Talk Radio, Technology, Television, Terrorism, Unemployment, Unions, Video, War, Wealth, Welfare, Wisdom | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

 

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 277: June 11, 2014

Pronk Pops Show 276: June 10, 2014

Pronk Pops Show 275: June 9, 2014

Pronk Pops Show 274: June 6, 2014

Pronk Pops Show 273: June 5, 2014

Pronk Pops Show 272: June 4, 2014

Pronk Pops Show 271: June 2, 2014

Pronk Pops Show 270: May 30, 2014

Pronk Pops Show 269: May 29, 2014

Pronk Pops Show 268: May 28, 2014

Pronk Pops Show 267: May 27, 2014

Pronk Pops Show 266: May 23, 2014

Pronk Pops Show 265: May 22, 2014

Pronk Pops Show 264: May 21, 2014

Pronk Pops Show 263: May 20, 2014

Pronk Pops Show 262: May 16, 2014

Pronk Pops Show 261: May 15, 2014

Pronk Pops Show 260: May 14, 2014

Pronk Pops Show 259: May 13, 2014

Pronk Pops Show 258: May 9, 2014

Pronk Pops Show 257: May 8, 2014

Pronk Pops Show 256: May 5, 2014

Pronk Pops Show 255: May 2, 2014

Pronk Pops Show 254: May 1, 2014

Pronk Pops Show 253: April 30, 2014

Pronk Pops Show 252: April 29, 2014

Pronk Pops Show 251: April 28, 2014

Pronk Pops Show 250: April 25, 2014

Pronk Pops Show 249: April 24, 2014

Pronk Pops Show 248: April 22, 2014

Pronk Pops Show 247: April 21, 2014

Pronk Pops Show 246: April 17, 2014

Pronk Pops Show 245: April 16, 2014

Pronk Pops Show 244: April 15, 2014

Pronk Pops Show 243: April 14, 2014

Pronk Pops Show 242: April 11, 2014

Pronk Pops Show 241: April 10, 2014

Pronk Pops Show 240: April 9, 2014

Pronk Pops Show 239: April 8, 2014

Pronk Pops Show 238: April 7, 2014

Pronk Pops Show 237: April 4, 2014

Pronk Pops Show 236: April 3, 2014

Pronk Pops Show 235: March 31, 2014

Pronk Pops Show 234: March 28, 2014

Pronk Pops Show 233: March 27, 2014

Pronk Pops Show 232: March 26, 2014

Pronk Pops Show 231: March 25, 2014

Pronk Pops Show 230: March 24, 2014

Pronk Pops Show 229: March 21, 2014

Pronk Pops Show 228: March 20, 2014

Pronk Pops Show 227: March 19, 2014

Pronk Pops Show 226: March 18, 2014

Pronk Pops Show 225: March 17, 2014

Pronk Pops Show 224: March 7, 2014

Pronk Pops Show 223: March 6, 2014

Pronk Pops Show 222: March 3, 2014

Story 1: Political Establishment Elite (PEE) vs. Tea Party Movement — PEE Republican Candidate Eric Cantor, House Majority Leader Loses To Tea Party Candidate David Brat in Republican Primary — The Remnant Rallies — Videos

Political Establishment Elite (PEE) Candidate Eric Cantor and Republican House Majority Leader Loses Primary

Cantor-Obama


1024px-Eric_Cantor_and_Barack_Obama_shake_handsEric Cantor

Tea Party Movement Candidate David Brat Wins Republican Primary

the_winner

  • That the free enterprise system is the most productive supplier of human needs and economic justice,
  • That all individuals are entitled to equal rights, justice, and opportunities and should assume their responsibilities as citizens in a free society,
  • That fiscal responsibility and budgetary restraints must be exercised at all levels of government,
  • That the Federal Government must preserve individual liberty by observing Constitutional limitations,
  • That peace is best preserved through a strong national defense,
  • That faith in God, as recognized by our Founding Fathers, is essential to the moral fiber of the Nation.

david_brat

• Mark Levin • Tea Party Victory • Cantor Loses • Hannity • 6/10/14

Sarah Palin on Dave Brat Victory: “The Status Quo, Has Got To Go!”

Brat topples Cantor with grassroots enthusiasm

Political Earthquake – Eric Cantor Upset In Virginia GOP Primary – David Brat Wins – Fox & Friends

David Brat Explains How He Beat Congressman Eric Dual-Citizenship Cantor

Mark Levin: Eric Cantor is only pretending to oppose amnesty

GOP leader Eric Cantor loses in shock Tea Party upset

NBC12 Decision Virginia- Cantor ad attacks Brat

Trust

Who Is David Brat? Meet the Economics Professor Who Defeated Eric Cantor

About Dave Brat

5 Things To Know About The Tea Party’s Golden Boy David Brat

Laura Ingraham & Dave Brat at Dominon Club

Beck Interviews Dave Brat Eric Cantor’s GOP Opponent

Eric Cantor: Amnesty for Children of Illegal Immigrants

WATCH: Eric Cantor Addresses Primary Defeat, Resigns as House Majority Leader

Virginia Primary: Eric Cantor Loses To Tea Party-Backed Dave Brat

Dave Brat reacts to his shocking win over Eric Cantor

Eric Cantor Loses Primary in Shocking Upset

BREAKING! HOUSE MAJORITY LEADER ERIC CANTOR LOSES PRIMARY ELECTION TO TEA PARTY CANDIDATE!

Full Show 6/11/14: The Dark Money Machine That Beat Eric Cantor

Mark Levin: Eric Cantor is “a little weasel!”

How $1,000,000 lost for $200,000 in Election: The Grassroot Campaign

Rep. Eric Cantor on Immigration Reform and the Tea Party

Mencken and Nock on Elitist Individualism

Isaiah’s Job | by Albert Jay Nock

 

 

HOUSE MAJORITY LEADER CANTOR DEFEATED IN PRIMARY

In an upset for the ages, Majority Leader Eric Cantor of Virginia, the second-most powerful man in the House, was dethroned Tuesday by a little-known, tea party-backed Republican primary challenger carried to victory on a wave of public anger over calls for looser immigration laws.

“This is a miracle from God that just happened,” exulted David Brat, an economics professor, as his victory became clear in the congressional district around Virginia’s capital city.

Speaking to downcast supporters, Cantor conceded, “Obviously we came up short” in a bid for renomination to an eighth term.

The victory was by far the biggest of the 2014 campaign season for tea party forces, although last week they forced veteran Mississippi Sen. Thad Cochran into a June 24 runoff, and hope state Sen. Chris McDaniel can prevail then.

Cantor’s defeat was the first primary setback for a senior leader in Congress in recent years. Former House Speaker Thomas Foley of Washington and Senate Democratic leader Tom Daschle of South Dakota both lost their seats at the polls in the past two decades, but they fell to Republicans, not to challengers from within their own parties.

The outcome may well mark the end of Cantor’s political career, and aides did not respond Tuesday night when asked if the majority leader, 51, would run a write-in campaign in the fall.

But its impact on the fate of immigration legislation in the current Congress seemed clearer still. Conservatives will now be emboldened in their opposition to legislation to create a path to citizenship for immigrants living in the country illegally, and party leaders who are more sympathetic to such legislation will likely be less willing to try.

The majority leader had been tugged by two warring forces in his party and in recent weeks sought to emphasize his opposition to far-reaching immigration legislation as Brat’s challenge gained force. Last month, a feisty crowd of Brat supporters booed Cantor in front of his family at a local party convention.

Still, neither he nor other House leaders betrayed any serious concern that his tenure was in danger, and his allies leaked a private poll in recent days that claimed he had a comfortable lead over Brat.

In the end, despite help from establishment groups, Cantor’s repudiation was complete in an area that first sent him to Congress in 2000.

With votes counted in 99 percent of the precincts, 64,418 votes were cast, roughly a 37 percent increase over two years ago.

Despite that, Cantor polled fewer votes than he did in 2012 – 28,631 this time, compared with 37,369 then.

House Speaker John Boehner, R-Ohio, issued a statement hailing Cantor as “a good friend and a great leader, and someone I’ve come to rely upon on a daily basis as we make the tough choices that come with governing.”

It was unclear if Cantor intended to remain in his leadership post for the duration of the year or who might replace him in the new Congress if Republicans hold their majority.

Democrats seized on the upset as evidence that their fight for House control this fall is far from over.

“Eric Cantor has long been the face of House Republicans’ extreme policies, debilitating dysfunction and manufactured crises. Tonight is a major victory for the tea party as they yet again pull the Republican Party further to the radical right,” said the Democratic leader, Nancy Pelosi of California. “As far as the midterm elections are concerned, it’s a whole new ballgame.”

Cantor was appointed to his first leadership position in 2002, when he was named chief deputy whip of the party and became the highest-ranking Jewish Republican in Washington. It was a recognition of his fundraising skills as well as his conservative voting record at a time Republican leaders were eager to tap into Jewish donors for their campaigns. Since Boehner became speaker in 2009, Cantor has been seen as both a likely eventual successor and at times a potential rival.

Jay S. Poole, a Cantor volunteer, said Brat tapped into widespread frustration among voters about the gridlock in Washington and issues such as immigration. “I can’t tell you how amazing this is to me,” Poole said.

Much of the campaign centered on immigration, where critics on both sides of the debate have recently taken aim at Cantor. Brat accused him of being a top cheerleader for “amnesty” for immigrants who are living in the U.S. illegally. Cantor responded forcefully by boasting in mailers of blocking Senate plans “to give illegal aliens amnesty.”

It was a change in tone for Cantor, who has repeatedly voiced support for giving citizenship to certain immigrants brought illegally to the country as children. Cantor and House GOP leaders have advocated a step-by-step approach, rather than the comprehensive bill backed by the Senate – but were persistently vague on the details.

Brat teaches at Randolph-Macon College, a small liberal arts school north of Richmond. He raised just over $200,000 for his campaign, while Cantor spent more than $1 million in April and May alone to try to beat back his challenge.

Washington-based groups also spent heavily in the race. The American Chemistry Council, whose members include many blue chip companies, spent more than $300,000 on TV ads promoting Cantor in the group’s only independent expenditure so far this election year. Political arms of the American College of Radiology, the National Rifle Association and the National Association of Realtors also spent money on ads to promote Cantor.

Brat offset the cash disadvantage with endorsements from conservative activists like radio host Laura Ingraham and with help from local tea party activists angry at Cantor.

In the fall, Brat will face Democrat Jack Trammel, also a professor at Randolph-Macon, in the solidly Republican district.

Associated Press writers David Pace and Erica Werner in Washington and Larry O’Dell, Steve Szkotak and Michael Felberbaum in Richmond contributed to this report. Espo reported from Washington.

http://hosted.ap.org/dynamic/stories/U/US_VIRGINIA_PRIMARY_CANTOR?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-06-10-20-05-45

Eric Cantor

Eric Ivan Cantor (born June 6, 1963) is the United States Representative for Virginia’s 7th congressional district, serving from 2001. A member of the Republican Party, he became House Majority Leader when the 112th Congressconvened on January 3, 2011. He previously served as House Minority Whip from 2009 to 2011.

His district includes most of the northern and western sections of Richmond, along with most of Richmond’s western suburbs and portions of the Shenandoah Valley. Cantor is the highest-ranking Jewish member of Congress in its history, and currently the only non-Christian Republican in either House.[1][2]

On June 10, 2014, in his bid for re-election, Cantor lost the Republican primary to economics professor Dave Brat. Following his primary defeat, Cantor announced his resignation as House Majority Leader. Cantor will remain a member of Congress until the start of the 114th United States Congress commencing on January 3, 2015.[3][4][5][6][7]

Early life, education and career

Cantor, the second of three children, was born in Richmond, Virginia, the son of Mary Lee (née Hudes), a schoolteacher, and Eddie Cantor, who owned a real estate firm. His family emigrated from Eastern Europe (Russia,Romania, and Latvia) in the late 1800s and early 1900s.[8][9] His father was the state treasurer for Ronald Reagan‘s 1980 presidential campaign.[10] Cantor was raised in Conservative Judaism.[8] He graduated from the Collegiate School, a co-ed private school in Richmond, in 1981. He enrolled at George Washington University (GW) in 1981, and as afreshman he worked as an intern for House Republican Tom Bliley of Virginia and was Bliley’s driver in the 1982 campaign.[11] Cantor was a member of Phi Sigma Kappa fraternity while at GW and received his Bachelor of Arts in 1985.[12] He earned a Juris Doctor degree from William & Mary Law School in 1988, and received a Master of Sciencein Real Estate Development from Columbia University in 1989.[13]

Cantor worked for over a decade with his father’s business doing legal work and real estate development.

Virginia House of Delegates

Cantor served in the Virginia House of Delegates from 1992–January 1, 2001.[13] At various times he was a member of committees on Science and Technology, Corporation Insurance and Banking, General Laws, Courts of Justice, (co-chairman) Claims.[14][15] Cantor announced on March 14, 2000 that he would seek the seat in the United States House of Representatives that was being vacated by Tom Bliley. Cantor had chaired Bliley’s reelection campaigns for the previous six years, and immediately gained the support of Bliley’s political organization, as well as Bliley’s endorsement later in the primary.[16]

U.S. House of Representatives

Committee assignments

During his first term, Cantor was chairman of the Congressional Task Force on Terrorism and Unconventional Warfare. He has also served on the House Financial Services Committee and on the House International Relations Committeeand the House Ways and Means Committee.

Party leadership

In 2002–only a few weeks after winning a second term–Roy Blunt appointed Cantor Chief Deputy Republican Whip, the highest appointed position in the Republican caucus.[17]

Cantor and other House and Senate leaders meeting with President Barack Obama in November 2010.

On November 19, 2008, Cantor was unanimously elected Republican Whip for the 111th Congress, after serving as Deputy Whip for six years under Blunt. Blunt had decided not to seek reelection to the post after Republican losses in the previous two elections. Cantor was the first member of either party from Virginia to hold the position of Party Whip. As Whip, Cantor was the second-ranking House Republican, behind Minority Leader John Boehner. He was charged with coordinating the votes and messages of Republican House members.[17][1] Cantor became the Majority Leader when the 112th Congress took office on January 3, 2011.[18] He is still the second-ranking Republican in the House behind Speaker Boehner, who is considered the leader of the House Republicans.

Cantor is a member of the Republican Jewish Coalition and the Republican National Committee. He is one of the Republican Party’s top fundraisers, having raised over $30 million for the National Republican Congressional Committee (NRCC).[19] He is also one of the three founding members of the GOP Young Guns Program. In the fall of 2010, Cantor wrote a New York Times bestselling book, Young Guns: A New Generation of Conservative Leaders, with the other two founding members of Young Guns.[20] They describe the vision outlined in the book as “a clear agenda based on common sense for the common good.” [21] Cantor said in 2010 that he worked with the Tea Party movement in his district.[22]

As House Majority Leader, Cantor was named in House Resolution 368, which was passed by the House Rules Committee on the night of September 30, 2013, the night before the October 2013 government shutdown began, as the only member of the House with the power to bring forth bills and resolutions for a vote if both chambers of Congress disagree on that bill or resolution. Prior to the resolution’s passing in committee, it was within the power of every member of the House under House Rule XXII, Clause 4 to be granted privilege to call for a vote. This amendment to the House rules was blamed for causing the partial government shutdown and for prolonging it since Cantor refused to allow the Senate’s continuing resolution to be voted on in the House. Journalists and commentators noted during the shutdown that if the Senate’s version of the continuing resolution were to be voted on, it would have passed the House with a majority vote since enough Democrats and Republicans supported it, effectively ending the government shutdown.[23][24][25]

Legislation

Cantor was a strong supporter of the Gabriella Miller Kids First Research Act (H.R. 2019; 113th Congress), which he was the one to name in Gabriella Miller’s honor.[26] The bill, which passed in both the House and the Senate, would end taxpayer contributions to the Presidential Election Campaign Fund and divert the money in that fund to pay for research into pediatric cancer through the National Institutes of Health.[26][27] The total funding for research would come to $126 million over 10 years.[27][26] As of 2014, the national conventions got about 23% of their funding from the Presidential Election Campaign Fund.[28] Cantor said that the bill “clearly reflects Congressional priorities in funding: medical research before political parties and conventions.”[26]

Political positions

As of December 2010, Cantor is the only Jewish Republican in the United States Congress.[13][1][29] He supports strong United States-Israel relations.[12][13] Hecosponsored legislation to cut off all U.S. taxpayer aid to the Palestinian Authority and another bill calling for an end to taxpayer aid to the Palestinians until they stop unauthorized excavations on the Temple Mount in Jerusalem.[30] Responding to a claim by the State Department that the United States provides no direct aid to the Palestinian Authority, Cantor claimed that United States sends about US$75 million in aid annually to the Palestinian Authority, which is administered by the U.S. Agency for International Development. He opposed a Congressionally approved three-year package of US$400 million in aid for the Palestinian Authority in 2000 and has also introduced legislation to end aid to Palestinians.[31]

In May 2008, Cantor said that the Israeli-Palestinian conflict is not a “constant sore” but rather “a constant reminder of the greatness of America”,[32] and followingBarack Obama‘s election as President in November 2008, Cantor stated that a “stronger U.S.-Israel relationship” remains a top priority for him and that he would be “very outspoken” if Obama “did anything to undermine those ties.”[1][33] Shortly after the 2010 midterm elections, Cantor met privately with Israeli Prime MinisterBenjamin Netanyahu, just before Netanyahu was to meet with US Secretary of State Hillary Clinton. According to Cantor’s office, he “stressed that the new Republican majority will serve as a check on the Administration” and “made clear that the Republican majority understands the special relationship between Israel and the United States.”[34] Cantor was criticized for engaging in foreign policy;[35] one basis for the criticism was that in 2007, after Nancy Pelosi met with the President of Syria, Cantor himself had raised the possibility “that her recent diplomatic overtures ran afoul of the Logan Act, which makes it a felony for any American ‘without authority of the United States’ to communicate with a foreign government to influence that government’s behavior on any disputes with the United States.”[36]

Social issues

Cantor opposes public funding of embryonic stem cell research and opposes elective abortion. He is rated 100% by the National Right to Life Committee (NRLC) and 0% by NARAL Pro-Choice America, indicating a pro-life voting record. He is also opposed to same-sex marriage, voting to Constitutionally define marriage as between a male and a female in 2006. In November 2007 he voted against prohibiting job discrimination based on sexual orientation. He also supports making flag burning illegal. The National Association for the Advancement of Colored People (NAACP) rated him 19% in 2006, indicating an anti-affirmative action voting record. He is opposed to gun control, voting to ban product misuse lawsuits on gun manufacturers in 2005, and he voted not to require gun registration and trigger-lock laws in the District of Columbia. He has a rating of “A” from the National Rifle Association (NRA).[37] On Nov. 2, 2010, Cantor told Wolf Blitzer of CNN that he would try to trim the federal deficit by reducing welfare.

Economy, budgeting, and trade

Cantor is a supporter of free trade, voting to promote trade with Peru, Chile, Singapore, and Australia. He also voted for the Central America Free Trade Agreement(CAFTA). He voted against raising the minimum wage to US$ 7.25 in 2007. The American Federation of Labor and Congress of Industrial Organizations (AFL-CIO), the largest federation of trade unions in the United States, rates Cantor 0%, indicating an anti-Union voting record.

In October 2008, Cantor advocated and voted for the TARP program which aided distressed banks.[38]

On September 29, 2008 Cantor blamed Pelosi for what he felt was the failure of the $700 billion economic bailout bill. He noted that 94 Democrats voted against the measure, as well as 133 Republicans.[39] Though supporting the Federal bailout of the nation’s largest private banks, he referred to Pelosi’s proposal to appoint aCar czar to run the U.S. Automobile Industry Bailout as a “bureaucratic” imposition on private business.[40]

The following February, Cantor led Republicans in the House of Representatives in voting against the American Recovery and Reinvestment Act of 2009[41] and was a prominent spokesman in voicing the many issues he and his fellow Republicans had with the legislation. Cantor voted in favor of a 90% marginal tax rate increase on taxpayer financed bonuses,[42] despite receiving campaign contributions from TARP recipient Citigroup.[43]

In his book Young Guns, Cantor summarized Keynesian economics with the following opinion, “The idea is that the government can be counted on to spend more wisely than the people.”[44]

As Majority Leader, Cantor steered the STOCK Act through the House, which requires Congressmen to disclose their stock investments more regularly and in a more transparent manner.[45] The legislation passed the House in a 417-2 bipartisan vote on February 9, 2012. It was ultimately signed by President Obama on April 4, 2012.[46] In July 2012, CNN reported that changes made by the House version of the legislation excluded reporting requirements by spouses and dependent children. Initially, Cantor’s office insisted it did nothing to change the intent of the STOCK Act; however, when presented with new information from CNN, the Majority Leader’s office recognized that changes had unintentionally been made and offered technical corrections to fulfill the original intent of the legislation.[47] These corrections were passed by Congress on August 3, 2012.[48]

As Majority Leader, Cantor shepherded the JOBS Act through the House, which combined bipartisan ideas for economic growth – like crowdfunding for startups – into one piece of legislation. Ultimately, President Obama, Eric Cantor, Steve Case and other leaders joined together at the signing ceremony.[49]

Cantor has proposed initiatives which purport to help small businesses grow, including a 20 percent tax cut for businesses that employ fewer than 500 people.[50]

Other foreign affairs

In an article he wrote for the National Review in 2007, he condemned Nancy Pelosi‘s diplomatic visit to Syria, and her subsequent meeting with President Bashar al-Assad, whom he referred to as a “dictator and terror-sponsor”; saying that if “Speaker Pelosi’s diplomatic foray into Syria weren’t so harmful to U.S. interests in the Middle East, it would have been laughable.”[51]

Political campaigns

Cantor currently represents Virginia’s 7th congressional district, which stretches from the western end of Richmond, through its suburbs, and northward to Page,Rappahannock Culpeper and parts of Spotsylvania, county. It also includes the towns of Mechanicsville and Laurel. The district is strongly Republican; it has been in Republican hands since 1981 (it was numbered as the 3rd District prior to 1993).[52]

1991

Cantor was first elected to the Virginia House of Delegates 73rd district unopposed.[citation needed]

1993

Cantor was opposed by Independent Reed Halstead in his re-election campaign for the Virginia House of Delegates. Cantor won 79.26% of the vote while Halstead won 20.66%.[citation needed]

1995

Cantor was unopposed for re-election to the Virginia House of Delegates.[citation needed]

1997

Cantor was unopposed for re-election to the Virginia House of Delegates.[citation needed]

1999

Cantor was unopposed for re-election to the Virginia House of Delegates.[citation needed]

2000

Cantor was first elected to the U.S. House of Representatives in 2000, succeeding retiring 20-year incumbent Republican Tom Bliley. He defeated the Democratic nominee, Warren A. Stewart, by nearly 100,000 votes.[53] Cantor had won the closely contested Republican primary over state Senator Stephen Martin by only 263 votes. During his first term, he was one of only two Jewish Republicans serving concurrently in the House of Representatives, the other being Benjamin A. Gilman of New York. Gilman retired in 2002 and Cantor has been the only Jewish Republican since.

2002

In 2002, Cantor was opposed by Democrat Ben L. Jones, former Congressman from Georgia, who had played “Cooter Davenport” in the TV Series The Dukes of Hazzard.[citation needed]

2004

In 2004, Cantor was opposed by Independent W. B. Blanton. Cantor won with 75.5% of the vote. Blanton won 24.32% and there were 568 write-in votes.[citation needed]

2006

In 2006, Cantor was opposed by Democrat James M. Nachman and Independent W. B. Blanton. Cantor won 63.85%, Nachman won 34.4%, and Blanton won 1.64%. There were 272 write-in votes.[citation needed]

2008

Cantor won against Democratic nominee Anita Hartke.

In August 2008 news reports surfaced that Cantor was being considered as John McCain‘s Vice Presidential running mate, with McCain’s representatives seeking documents from Cantor as part of its vetting process. Those rumors were later scoffed at by John McCain as just a rumor from the Cantor camp.[54][55][56] The idea for Cantor to be McCain’s running mate was supported by conservative leaders like Richard Land and Erick Erickson.[57][58]

2010

Cantor won against Democratic challenger Rick Waugh, and Independent Green Party[59] candidate Floyd C. Bayne.

2012

Cantor faced a primary challenger, Floyd C. Bayne, in the June 12, 2012 Republican Primary. Cantor won that primary and then defeated Democratic challenger Wayne Powell. Although he won with 58% of the vote, Cantor received his lowest vote percentage since taking the hill in 2000.

2014

In the June 10, 2014 Republican primary, Cantor lost to Tea Party challenger Dave Brat in an upset, becoming the first sitting House majority leader to lose a primary since the position was created in 1899.[5][4][6]

Threats and campaign office incident

After the passage of the health care reform bill in March 2010, Cantor reported that somebody had shot a bullet through a window of his campaign office inRichmond, Virginia. A spokesman for the Richmond Police later stated that the bullet was not intentionally fired at Cantor’s office, saying that it was instead random gunfire, as there were no signs outside the office identifying the office as being Cantor’s.[60] Cantor responded to this by saying that Democratic leaders in the House should stop “dangerously fanning the flames” by blaming Republicans for threats against House Democrats who voted for the health care legislation.[61]

Cantor also reported that he had received threatening e-mails related to the passage of the bill.[62] In March 2010, Norman Leboon was arrested for threats made against Eric Cantor and his family.[63]

In 2011, Cantor was receiving two threatening phone calls, where Glendon Swift, an antisemite, was “screaming, profanity-laden messages (that) allegedly stated that he was going to destroy Cantor, rape his daughter and kill his wife”. Swift was sentenced in April 2012 to 13 months federal prison.[64]

Electoral history

Virginia’s 7th congressional district: Results 2000–2014[65][66][67]
Year Democratic Votes Pct Republican Votes Pct Other Party Votes Pct
2000 Warren A. Stewart 94,935 33% Eric Cantor 192,652 67% *
2002 Ben L. “Cooter” Jones 49,854 30% Eric Cantor 113,658 69% *
2004 (no candidate) Eric Cantor 230,765 75% W. Brad Blanton Independent 74,325 24% *
2006 James M. Nachman 88,206 34% Eric Cantor 163,706 64% W. Brad Blanton Independent 4,213 2% *
2008 Anita Hartke 138,123 37% Eric Cantor 233,531 63%
2010 Rick Waugh 79,607 34% Eric Cantor 138,196 59% Floyd Bayne Independent Green 15,164 6% *
2012 E. Wayne Powell 158,012 41% Eric Cantor 222,983 58%
*Write-in candidate notes: In 2000, write-ins received 304 votes. In 2002, write-ins received 153 votes. In 2004, write-ins received 568 votes. In 2006, write-ins received 272 votes. In 2008, write-ins received 683 votes. In 2010, write-ins received 413 votes. In 2012, write-ins received 914 votes.

Personal life

Cantor met his wife, Diana Marcy Fine, on a blind date; they were married in 1989.[14][29][68] They have three children: Evan, Jenna, and Michael. Diana Cantor is a lifelong, liberal Democrat. Contrary to her husband’s stated positions, she is pro-choice and supports same-sex marriage.[69]

Diana Cantor is a lawyer and certified public accountant. She founded, and from 1996 until 2008 was executive director of, the Virginia College Savings Plan (an agency of the Commonwealth of Virginia). She was also chairman of the board of the College Savings Plans Network.[68][70][71] Mrs. Cantor is a managing director in a division of Emigrant Bank, a subsidiary of New York Private Bank & Trust Corp. [72]

References

  1. ^ Jump up to:a b c d Fingerhut, Eric (November 18, 2008). “Cantor elected minority whip”. Jewish Telegraph Agency. Archived from the original on Sep. 25, 2012. Retrieved April 13, 2010.
  2. Jump up^ Lachman, Samantha (2014-06-11). “With Eric Cantor Defeat, Congressional Republicans Lose Only Non-Christian”. The Huffington Post. Retrieved 11 June 2014.
  3. Jump up^ [1]
  4. ^ Jump up to:a b Kim, Clare (June 10, 2014). “Eric Cantor loses GOP primary to tea party challenger Dave Brat”. MSNBC. Retrieved 11 June 2014.
  5. ^ Jump up to:a b “Cantor’s Loss: A Stunning Upset”. The Atlantic. Politco.com. Retrieved 6-10-14.
  6. ^ Jump up to:a b Ostermeier, Eric (June/10/2014). “Eric Cantor 1st House Majority Leader to Lose Renomination Bid in History”. Smart Politics.
  7. Jump up^ Costa, Robert. “Eric Cantor Succumbs to Tea Party Challenger Tuesday.” Washington Post. The Washington Post, 10 June 2014. Web. 10 June 2014. <http://www.washingtonpost.com/local/virginia-politics/eric-cantor-faces-tea-party-challenge-tuesday/2014/06/10/17da5d20-f092-11e3-bf76-447a5df6411f_story.html>.
  8. ^ Jump up to:a b Hoffman, Allison (February 8, 2011). “The Gentleman From Virginia”.Tablet. Retrieved August 1, 2011.
  9. Jump up^ http://freepages.genealogy.rootsweb.ancestry.com/%7Ebattle/reps/cantor.htm
  10. Jump up^ Lauren Markoe (December 23, 2010). “Jewish groups have mixed feelings on Cantor”. The Houston Chronicle. Religion News Service.
  11. Jump up^ Barnes, Fred. “Virginia’s Eric Cantor has risen fast-and the sky’s the limit”.The Weekly Standard, October 1, 2007. Retrieved August 3, 2008. “As a freshman at George Washington University in 1981, Cantor worked as an intern for House Republican Tom Bliley of Virginia and was Bliley’s driver in the 1982 campaign.
  12. ^ Jump up to:a b Bacalis, Lauren (10/7/02). “Students campaign for GW alumnus”. GW Hatchet (Washington, D.C.). Retrieved 2008-12-14. “Ten College Republicans, four Phi Sigma Kappa members and two pro-Israel students traveled to Richmond, Va. early Saturday morning to campaign for Cantor.”
  13. ^ Jump up to:a b c d Barone, Michael; Richard E. Cohen (2008). The Almanac of American Politics. Washington, D.C.: National Journal Group and Atlantic Media Company. pp. 1681–1683. ISBN 978-0-89234-117-7.
  14. ^ Jump up to:a b “Eric I. Cantor.” Marquis Who’s Who, 2009. Reproduced in Biography Resource Center. Farmington Hills, Mich.: Gale, 2008. Document Number: K2013384111. Retrieved 14 December 2008. Fee.
  15. Jump up^ “Historical Bio for Eric I. Cantor”. Virginia House of Delegates. Retrieved 2008-12-14.
  16. Jump up^ Whitley, Tyler (March 15, 2000). “Cantor Plans to Run for Congressional Seat”.The Richmond Times-Dispatch.
  17. ^ Jump up to:a b Simon, Neil H. (November 19, 2008). “Cantor named No. 2 Republican in U.S. House”. The Richmond Times Dispatch. Retrieved April 13, 2010.
  18. Jump up^ Cantor, Eric (November 17, 2010). “Eric Cantor Elected Majority Leader For The 112th Congress”. Office of the Minority Whip, US House of Representatives. Retrieved November 17, 2010.
  19. Jump up^ Preston, Jennifer. “Eric Cantor”. The New York Times. pp. People. Retrieved April 13, 2010.
  20. Jump up^ Sherman, Jake (September 24, 2010). “Young Guns hits NYT best seller list”. Politico. Retrieved November 13, 2010.
  21. Jump up^ Cantor, Eric (September 14, 2010). “Amazon.com: Young Guns: A New Generation of Conservative Leaders”. Threshold Editions. Retrieved November 13, 2010.
  22. Jump up^ Eric Cantor (November 10, 2010). Eric Cantor Discusses The Tea Party & The Road Ahead On “Imus In The Morning”. YouTube (Google). Event occurs at 3:00. Retrieved August 30, 2011.
  23. Jump up^ Scott, D. (October 10, 2013). “The House GOP’s Little Rule Change That Guaranteed A Shutdown”. TPM. Retrieved October 16, 2013.
  24. Jump up^ Alman, A. (October 13, 2013). “House Republicans Changed The Rules So A Majority Vote Couldn’t Stop The Government Shutdown”. Huffington Post. Retrieved October 16, 2013.
  25. Jump up^ Eilperin, J. (October 14, 2013). “As Democrats seethe over GOP tactics, video over rules change goes viral”. Washington Post. Retrieved October 16, 2013.
  26. ^ Jump up to:a b c d Gibson, Caitlin (14 November 2014). “Federal pediatric medical research act named for Gabriella Miller”. The Washington Post. Retrieved 13 March 2014.
  27. ^ Jump up to:a b “H.R. 2019 – CBO”. Congressional Budget Office. Retrieved 12 March 2014.
  28. Jump up^ Hooper, Molly K. (30 January 2014). “Convention wipeout coming soon?”.The Hill. Retrieved 13 March 2014.
  29. ^ Jump up to:a b Roig-Franzia, Manuel (11 December 2008). “The Pathfinder: New House Whip Eric Cantor Aims to be the GOP’s Out-of-the-Wilderness Guide”.Washington Post. pp. C1, C4. Retrieved 2008-12-14.
  30. Jump up^ Samber, Sharon (November 8, 2002). “Jewish minyan grows in Senate; Jew elected to House”. JWeekly. Retrieved April 13, 2010.
  31. Jump up^ Garrett, Major (April 17, 2002). “Bush waives law forbidding U.S. aid to PLO”.Inside Politics (CNN). Retrieved April 13, 2010.
  32. Jump up^ Sweet, Lynn (May 12, 2008). “GOP hits Obama over Israel”. The Chicago Sun-Times. Retrieved April 13, 2010.
  33. Jump up^ “Eric Cantor, the only Jewish Republican in Congress, to become majority leader”. European Jewish Press. 3 November 2010. Archived from the original on Nov. 9, 2010.
  34. Jump up^ Rozen, Laura (November 11, 2010), “Before Clinton meeting, Cantor’s one-on-one with Bibi”, Politico, retrieved 2010-11-15
  35. Jump up^ Benen, Steve (November 13, 2010), “When the ‘Water’s Edge’ Standard Disappears”, The Washington Monthly, retrieved 2010-11-15
  36. Jump up^ Cantor, Eric (April 10, 2007), “Assad’s Speaker”, National Review Online, retrieved 2010-11-15
  37. Jump up^ “Eric Cantor on the Issues”. On the Issues. Retrieved April 13, 2010.
  38. Jump up^ “Roll Call Number 681. Description: Emergency Economic Stabilization Act of 2008 – Troubled Assets Relief Program (TARP) Question: On Motion to Concur in Senate Amendments Bill Number: H R 1424 Date: 2008-10-03″. PoliGu.com The Political Guide. Retrieved 2012-05-09.
  39. Jump up^ “Richmond’s Entertainment, News, and Community Resource – inRich.com”. Inrich.com. Retrieved 2008-11-01.
  40. Jump up^ Rogers, David (December 11, 2008). “Bailout backers try to make a deal”.Politico.com. Retrieved 2008-12-14. “Yet in the House debate across the Capitol, House Minority Whip Eric Cantor (R-Va.) derided the czar as an unneeded “bureaucratic” imposition on private business.”
  41. Jump up^ Falcone, Michael (February 15, 2009). “The Sunday Word: Sifting Through the Stimulus”. The Caucus (The New York Times). Retrieved April 13, 2010.
  42. Jump up^ Hulse, Carl; Herszenhorn, David M. (March 19, 2009). “House Approves 90% Tax on Bonuses After Bailouts”. The New York Times. Retrieved 2009-03-22.
  43. Jump up^ “Follow the Bailout Cash”. Newsweek. March 21, 2009. Retrieved 2009-03-22.
  44. Jump up^ Cantor, E, Ryan, P, McCarthy, K. Young Guns Threshold Editions, 2010 p. 46.
  45. Jump up^ Schroeder, Peter (2012-03-22). “Lawmakers hit bipartisan note following STOCK Act passage – The Hill’s On The Money”. Thehill.com. Retrieved 2012-08-13.
  46. Jump up^ “FINAL VOTE RESULTS FOR ROLL CALL 47″. clerk.house.go.
  47. Jump up^ “CNN exclusive: Congressional insider trading ban might not apply to families”. CNN. July 19, 2012.
  48. Jump up^ “Congress closes STOCK Act loophole”. UPI. August 3, 2012.
  49. Jump up^ “Eric Cantor to make rare appearance with Obama for JOBS Act signing”. Politico. April 1, 2012.
  50. Jump up^ Sherman, Jake (February 1, 2012). “Republican agenda: Small business tax cut”. Politico. Retrieved February 1, 2012.
  51. Jump up^ Cantor, Eric (April 10, 2007). “Assad’s Speaker”. The National Review. Retrieved April 13, 2010.
  52. Jump up^ Martis, Kenneth C. (1989). The Historical Atlas of Political Parties in the United States Congress. New York: Macmillan Publishing Company.
  53. Jump up^ “2000 election results”. Clerk of the House. November 5, 2000. p. 65. Retrieved April 13, 2010.
  54. Jump up^ Rosenbluth, Susan, “Eric Cantor: He’s Young, He’s Conservative, He’s against Dividing Jerusalem, and John McCain’s Considering Him for VP”, Jewish Voice and Opinion, August, 2008.
  55. Jump up^ Lewis, Bob, via Associated Press. “In veep search, McCain asks Cantor for records”, Yahoo! News, August 3, 2008.
  56. Jump up^ “Rep. Cantor Under Closer McCain Scrutiny for Veep”. Fox News Channel. August 2, 2008. Retrieved 2008-08-03.
  57. Jump up^ “Evangelical Leader Warns McCain on VP Pick”. CBS News. August 8, 2008. Retrieved 2008-08-03.
  58. Jump up^ “Cantor to Run for Whip”. August 27, 2008.
  59. Jump up^ “The Virginia Public Access Project”. Vpap.org. Retrieved 2012-08-13.
  60. Jump up^ Kumar, Anita (March 26, 2010). “Police say gunfire that hit Cantor’s office was random”. Virginia Politics Blog (The Washington Post). Retrieved March 26, 2010.
  61. Jump up^ Kelley, Matt (March 24, 2010). “Rep. Cantor reports bullet hit campaign office”. ONPOLITICS (USA Today). Retrieved March 26, 2010.
  62. Jump up^ Pergram, Chad; Turner, Trish (March 25, 2010). “Cantor Says Campaign Office Was Shot At, Accuses Dems of Exploiting Threats”. FOX News. Retrieved March 27, 2010.
  63. Jump up^ Sherman, Jake (March 29, 2010). “Man arrested for Eric Cantor death threat”. POLITICO.
  64. Jump up^ http://abcnews.go.com/blogs/politics/2011/11/glendon-swift-of-tennessee-arrested-for-threatening-to-destroy-eric-cantor/
  65. Jump up^ “Election Statistics”. Office of the Clerk of the House of Representatives. Retrieved 2008-01-10.
  66. Jump up^ “2008 Election Results: Pennsylvania to Wyoming”. Boston Globe. November 2008.
  67. Jump up^ “November 2008 Official Results”. “Virginia State Board of Elections”. November 2008.
  68. ^ Jump up to:a b Yearwood, Pauline Dubkin (Fall 2003). “Diana Cantor: Helping Families Finance College”. Jewish Woman (Washington, D.C.: Jewish Women International). Archived from the original on 2003-09-11. Retrieved 2008-12-14.
  69. Jump up^ Maxwell, Zerlina (6 January 2012). “Eric Cantor’s Wife is Pro-Choice, Pro-Marriage Equality”. Loop21. Retrieved 8 January 2012.
  70. Jump up^ Cantor, Diana F. (June 2, 2004). “Testimony of Diana F. Cantor before the House Committee on Financial Services, Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises” (PDF). House Committee on Financial Services. Retrieved 2008-12-14.
  71. Jump up^ Cox, Kirk (February 11, 2008). “HJ382: Commending Diana F. Cantor”. Retrieved 2008-12-14. “Diana F. Cantor will step down from her position in 2008, having served the Commonwealth since April 24, 1996, as the outstanding founding executive director of the Virginia Higher Education Tuition Trust Fund, subsequently renamed the Virginia College Savings Plan…” 02/15/2008 Agreed to by Senate by voice vote.
  72. Jump up^ Roston, Aram (January 23, 2009). “Bank Employing GOP House Leader’s Wife Got Bailout Bucks”. House Committee on Financial Services. Retrieved 2009-03-25.

http://en.wikipedia.org/wiki/Eric_Cantor

 

Dave Brat

From Wikipedia, the free encyclopedia
(Redirected from David Brat)
David Bratwurst
Republican candidate for
Virginia’s 7th congressional district
Election date
November 4, 2014
Opponent(s) Jack Trammell (D)
Personal details
Born David Alan Brat
July 27, 1964 (age 49)
Political party Republican
Spouse(s) Laura Brat
Children Jonathan
Sophia
Residence Henrico, Virginia
Alma mater Hope College (B.A.)
Princeton Theological Seminary(M.Div.)
American University (Ph.D)[1]
Profession Professor (economics)
Religion Roman Catholicism[2][3]

David AlanDaveBrat (born July 27, 1964)[citation needed] is an American economist, a professor at Randolph–Macon College, and the Republican candidate in the general election for Virginia’s 7th congressional district in the United States House of Representatives, which will be held on November 4, 2014. Brat defeated House Majority Leader Eric Cantor in the district’s 2014 Republican primary on June 10, 2014.[4] Brat’s primary victory over Cantor, one of the biggest upsets in modern congressional history, made him the first primary challenger to oust a sitting House Majority Leader since the position’s creation in 1899.[5]

 

Background

Originally from Alma, Michigan,[6] Brat moved to Virginia in 1996 with his wife, Laura.[7] Brat attended Hope College in Michigan and received a B.A. in Business Administration in 1986; he also graduated with a Master’s degree in Divinity from Princeton Theological Seminary in 1990 and earned a Ph.D in economics from American University in 1995.[1]

After working for Arthur Andersen and as a consultant for the World Bank, he became a professor at Randolph–Macon College (RMC) in 1996.[1]

His published papers include “God and Advanced Mammon: Can Theological Types Handle Usury and Capitalism?” and “An Analysis of the Moral Foundations in Ayn Rand.”[8]

David Brat is a Roman Catholic and is a parishioner of St. Mary Catholic Church in Richmond with his wife and their two children.[9]

Politics

A Dave Brat campaign sign

2005–2011 special legislative assistant

Brat worked as a special legislative assistant to Virginia state senator Walter Stosch from 2005 to 2011 concerning higher education.[1]

2011 campaign for 56th House of Delegates seat

Brat announced he was running for the Virginia House of Delegates seat for 56th district; however, there was no primary, and instead six Republican leaders met and chose Peter Farrell instead of Brat.[10]

2014 Elections[edit]

2014 race for 7th congressional district Republican primary

Brat ran against House Majority Leader Eric Cantor for the Republican nomination for Virginia’s 7th congressional district and defeated Cantor by a 12-point margin.[11] Brat was outspent by Cantor 40 to 1.[12] Cantor spent over $5 million and Brat raised $200,000, but did not spend all of it.[13] Brat’s win was a historic and stunning victory,[14][15][16] as it was the first time a sitting House Majority Leader had lost a primary race since the creation of the position in the 19th century.[17]

Brat ran well to Cantor’s right. His campaign laid particular stress on immigration reform, stating Rep. Cantor favored “amnesty” for illegal immigrants.[18] Radio talk show host Laura Ingraham endorsed Brat’s candidacy and hosted a rally with him in a Richmond suburb.[19] Radio talk show host Mark Levin also supported and endorsed Brat.[20] Ann Coulter expressed support for his candidacy.[21]

Brat will face Democratic nominee Jack Trammell, also a professor at Randolph–Macon College, in the November general elections.[22] However, Brat is heavily favored due to the 7th’s significant Republican lean; it has a Cook Partisan Voting Index of R+10.

Political positions]

Although Brat has stated he does not identify as a Randian, he has acknowledged having been influenced by Ayn Rand’s novel Atlas Shrugged and has expressed appreciation of Ayn Rand’s case for human freedom and free markets.[23] He openly identifies with the Tea Party movement.[14]

On the campaign trail, he “frequently trumpeted the six elements” of the “Republican Party of Virginia Creed” which were posted at his campaign website:[21]

  • That the free enterprise system is the most productive supplier of human needs and economic justice,
  • That all individuals are entitled to equal rights, justice, and opportunities and should assume their responsibilities as citizens in a free society,
  • That fiscal responsibility and budgetary restraints must be exercised at all levels of government,
  • That the Federal Government must preserve individual liberty by observing Constitutional limitations,
  • That peace is best preserved through a strong national defense,
  • That faith in God, as recognized by our Founding Fathers, is essential to the moral fiber of the Nation.[24]

Boards and leadership positions

Brat is the BB&T Ethics Program Director, serving 2010–2020. The program arose from a $500,000 grant, given by the charitable arm of the Fortune 500 financial services and banking firm BB&T, awarded to Randolph-Macon College for the study of the moral foundations of capitalism and the establishment of a related ethics program. Other board and leadership positions include:

References

  1. ^ Jump up to:a b c d David Brat. “Academic CV”. Randolph-Macon College.
  2. Jump up^ About Dave
  3. Jump up^ Isenstadt, Alex (June 10, 2014). “Who is Dave Brat?”. Politico. Retrieved June 10, 2014.
  4. Jump up^ “House Majority Leader Eric Cantor loses GOP primary to tea-party challenger”. Dallas Morning News. June 10, 2014. Retrieved June 11, 2014.
  5. Jump up^ “House Majority Leader Eric Cantor Defeated By Tea Party Challenger David Brat In Virginia GOP Primary”. Ibtimes.com. July 25, 2011. Retrieved June 11, 2014.
  6. Jump up^ http://michigan.icito.com/tag/david-brat/
  7. Jump up^ “David Alan Brat at Tobacco Issues.com”. Tobaccoissues.com. July 19, 2010. Retrieved June 11, 2014.
  8. Jump up^ Epstein, Reid J. (June 10, 2014). “Who Is David Brat? Meet the Economics Professor Who Defeated Eric Cantor”. The Wall Street Journal. Retrieved June 10, 2014.
  9. Jump up^ “David Brat campaign website”. Davebratforcongress.com. Retrieved June 11, 2014.
  10. Jump up^ Dr. David Brat seeks 56th House of Delegate Seat
  11. Jump up^ Chad Pergram, Associated Press. (June 10, 2014). “Cantor upset in Virginia GOP primary by Tea Party backed challenger”. Fox News. Retrieved June 1, 2014.
  12. Jump up^ Memoli, Michael A. Eric Cantor upset: How Dave Brat pulled off a historic political coup, Los Angeles Times, June 11, 2014.
  13. Jump up^ Mascaro, Lisa, Michael A. Memoli, and Mark Z. Barabak. Washington reels as House’s Eric Cantor loses to tea party challenger, Los Angeles Times, June 11, 2014.
  14. ^ Jump up to:a b Jonathan Martin (June 10, 2014). “Eric Cantor Defeated by David Brat, Tea Party Challenger, in G.O.P. Primary Upset”. New York Times. Retrieved June 11, 2014.
  15. Jump up^ Janet Hook and Kristina Peterson (June 10, 2014). “Eric Cantor Loses to Tea Party’s David Brat in Virginia Primary”. Wall Street Journal. Retrieved June 11, 2014.
  16. Jump up^ Robert Costa, Laura Vozzella and David A. Fahrenthold (June 10, 2014). “Eric Cantor succumbs to tea party challenger Tuesday”. Washington Post. Retrieved June 11, 2014.
  17. Jump up^ Chris Moody (June 11, 2014). “Washington is caught totally off guard by Cantor loss”. Yahoo News. Retrieved June 11, 2014.
  18. Jump up^ Lee, Tony (May 28, 2014). “Dave Brat: Illegal Immigrants Pouring into USA After Cantor Announced ‘Kids Are Welcome'”. Breitbart.com. Retrieved June 11, 2014.
  19. Jump up^ “House Majority Leader Eric Cantor loses GOP primary to tea-party challenger”. The Dallas Morning News. June 10, 2014. Retrieved June 11, 2014.
  20. Jump up^ Cassidy, John (June 11, 2014). “CANTOR LOSES, AND WASHINGTON GOES APE”. The New Yorker. Retrieved June 11, 2014.
  21. ^ Jump up to:a b Bump, Philip (June 10, 2014). “David Brat just beat Eric Cantor. Who is he?”. The Washington Post. Retrieved June 11, 2014.
  22. Jump up^ “Dave Brat and his Democratic general election opponent are both professors from the same college”. Vox.com. Retrieved June 11, 2014.
  23. Jump up^ Woodruff, Betsy (January 6, 2014). “Eric Cantor’s Challenger from the Right”.National Review (National Review Online). Retrieved June 11, 2014.
  24. Jump up^ “”What We Believe””. Dave Brat for Congress. Retrieved June 11, 2014.
  25. Jump up^ “David Brat Faculty CV”. Randolph-Macon College. Randolph-Macon College. Retrieved June 11, 2014.

http://en.wikipedia.org/wiki/David_Brat

Isaiah’s Job

by Albert Jay Nock

 

One evening last autumn, I sat long hours with a European acquaintance while he expounded a political-economic doctrine which seemed sound as a nut and in which I could find no defect. At the end, he said with great earnestness: “I have a mission to the masses. I feel that I am called to get the ear of the people. I shall devote the rest of my life to spreading my doctrine far and wide among the population. What do you think?”

An embarrassing question in any case, and doubly so under the circumstances, because my acquaintance is a very learned man, one of the three or four really first-class minds that Europe produced in his generation; and naturally I, as one of the unlearned, was inclined to regard his lightest word with reverence amounting to awe. Still, I reflected, even the greatest mind can not possibly know everything, and I was pretty sure he had not had my opportunities for observing the masses of mankind, and that therefore I probably knew them better than he did. So I mustered courage to say that he had no such mission and would do well to get the idea out of his head at once; he would find that the masses would not care two pins for his doctrine, and still less for himself, since in such circumstances the popular favourite is generally some Barabbas. I even went so far as to say (he is a Jew) that his idea seemed to show that he was not very well up on his own native literature. He smiled at my jest, and asked what I meant by it; and I referred him to the story of the prophet Isaiah.

It occurred to me then that this story is much worth recalling just now when so many wise men and soothsayers appear to be burdened with a message to the masses. Dr. Townsend has a message, Father Coughlin has one, Mr. Upton Sinclair, Mr. Lippmann, Mr. Chase and the planned economy brethren, Mr. Tugwell and the New Dealers, Mr. Smith and Liberty Leaguers – the list is endless. I can not remember a time when so many energumens were so variously proclaiming the Word to the multitude and telling them what they must do to be saved. This being so, it occurred to me, as I say, that the story of Isaiah might have something in it to steady and compose the human spirit until this tyranny of windiness is overpast. I shall paraphrase the story in our common speech, since it has to be pieced out from various sources; and inasmuch as respectable scholars have thought fit to put out a whole new version of the Bible in the American vernacular, I shall take shelter behind them, if need be, against the charge of dealing irreverently with the Sacred Scriptures.

The prophet’s career began at the end of King Uzziah’s reign, say about 740 B.C. This reign was uncommonly long, almost half a century, and apparently prosperous. It was one of those prosperous reigns, however – like the reign of Marcus Aurelius at Rome, or the administration of Eubulus at Athens, or of Mr. Coolidge at Washington – where at the end the prosperity suddenly peters out and things go by the board with a resounding crash.

In the year of Uzziah’s death, the Lord commissioned the prophet to go out and warn the people of the wrath to come. “Tell them what a worthless lot they are.” He said, “Tell them what is wrong, and why and what is going to happen unless they have a change of heart and straighten up. Don’t mince matters. Make it clear that they are positively down to their last chance. Give it to them good and strong and keep on giving it to them. I suppose perhaps I ought to tell you,” He added, “that it won’t do any good. The official class and their intelligentsia will turn up their noses at you and the masses will not even listen. They will all keep on in their own ways until they carry everything down to destruction, and you will probably be lucky if you get out with your life.”


II
Isaiah had been very willing to take on the job – in fact, he had asked for it – but the prospect put a new face on the situation. It raised the obvious question: Why, if all that were so – if the enterprise were to be a failure from the start – was there any sense in starting it? “Ah,” the Lord said, “you do not get the point. There is a Remnant there that you know nothing about. They are obscure, unorganized, inarticulate, each one rubbing along as best he can. They need to be encouraged and braced up because when everything has gone completely to the dogs, they are the ones who will come back and build up a new society; and meanwhile, your preaching will reassure them and keep them hanging on. Your job is to take care of the Remnant, so be off now and set about it.”

Apparently, then, if the Lord’s word is good for anything – I do not offer any opinion about that, – the only element in Judean society that was particularly worth bothering about was the Remnant. Isaiah seems finally to have got it through his head that this was the case; that nothing was to be expected from the masses, but that if anything substantial were ever to be done in Judea, the Remnant would have to do it. This is a very striking and suggestive idea; but before going on to explore it, we need to be quite clear about our terms. What do we mean by the masses, and what by the Remnant?

As the word masses is commonly used, it suggests agglomerations of poor and underprivileged people, labouring people, proletarians, and it means nothing like that; it means simply the majority. The mass-man is one who has neither the force of intellect to apprehend the principles issuing in what we know as the humane life, nor the force of character to adhere to those principles steadily and strictly as laws of conduct; and because such people make up the great and overwhelming majority of mankind, they are called collectively the masses. The line of differentiation between the masses and the Remnant is set invariably by quality, not by circumstance. The Remnant are those who by force of intellect are able to apprehend these principles, and by force of character are able, at least measurably, to cleave to them. The masses are those who are unable to do either.

The picture which Isaiah presents of the Judean masses is most unfavorable. In his view, the mass-man – be he high or be he lowly, rich or poor, prince or pauper – gets off very badly. He appears as not only weak-minded and weak-willed, but as by consequence knavish, arrogant, grasping, dissipated, unprincipled, unscrupulous. The mass-woman also gets off badly, as sharing all the mass-man’s untoward qualities, and contributing a few of her own in the way of vanity and laziness, extravagance and foible. The list of luxury-products that she patronized is interesting; it calls to mind the women’s page of a Sunday newspaper in 1928, or the display set forth in one of our professedly “smart” periodicals. In another place, Isaiah even recalls the affectations that we used to know by the name “flapper gait” and the “debutante slouch.” It may be fair to discount Isaiah’s vivacity a little for prophetic fervour; after all, since his real job was not to convert the masses but to brace and reassure the Remnant, he probably felt that he might lay it on indiscriminately and as thick as he liked – in fact, that he was expected to do so. But even so, the Judean mass-man must have been a most objectionable individual, and the mass-woman utterly odious.


But Isaiah was a preacher and Plato a philosopher; and we tend to regard preachers and philosophers rather as passive observers of the drama of life than as active participants. Hence in a matter of this kind their judgment might be suspected of being a little uncompromising, a little acrid, or as the French say, saugrenu. We may therefore bring forward another witness who was preeminently a man of affairs, and whose judgment can not lie under this suspicion. Marcus Aurelius was ruler of the greatest of empires, and in that capacity he not only had the Roman mass-man under observation, but he had him on his hands twenty-four hours a day for eighteen years. What he did not know about him was not worth knowing and what he thought of him is abundantly attested on almost every page of the little book of jottings which he scribbled offhand from day to day, and which he meant for no eye but his own ever to see.If the modern spirit, whatever that may be, is disinclined towards taking the Lord’s word at its face value (as I hear is the case), we may observe that Isaiah’s testimony to the character of the masses has strong collateral support from respectable Gentile authority. Plato lived into the administration of Eubulus, when Athens was at the peak of its jazz-and-paper era, and he speaks of the Athenian masses with all Isaiah’s fervency, even comparing them to a herd of ravenous wild beasts. Curiously, too, he applies Isaiah’s own word remnant to the worthier portion of Athenian society; “there is but a very small remnant,” he says, of those who possess a saving force of intellect and force of character – too small, preciously as to Judea, to be of any avail against the ignorant and vicious preponderance of the masses.

This view of the masses is the one that we find prevailing at large among the ancient authorities whose writings have come down to us. In the eighteenth century, however, certain European philosophers spread the notion that the mass-man, in his natural state, is not at all the kind of person that earlier authorities made him out to be, but on the contrary, that he is a worthy object of interest. His untowardness is the effect of environment, an effect for which “society” is somehow responsible. If only his environment permitted him to live according to his lights, he would undoubtedly show himself to be quite a fellow; and the best way to secure a more favourable environment for him would be to let him arrange it for himself. The French Revolution acted powerfully as a springboard for this idea, projecting its influence in all directions throughout Europe.


His success is unimpressive. On the evidence so far presented one must say, I think, that the mass-man’s conception of what life has to offer, and his choice of what to ask from life, seem now to be pretty well what they were in the times of Isaiah and Plato; and so too seem the catastrophic social conflicts and convulsions in which his views of life and his demands on life involve him. I do not wish to dwell on this, however, but merely to observe that the monstrously inflated importance of the masses has apparently put all thought of a possible mission to the Remnant out of the modern prophet’s head. This is obviously quite as it should be, provided that the earlier preachers and philosophers were actually wrong, and that all final hope of the human race is actually centred in the masses. If, on the other hand, it should turn out that the Lord and Isaiah and Plato and Marcus Aurelius were right in their estimate of the relative social value of the masses and the Remnant, the case is somewhat different. Moreover, since with everything in their favour the masses have so far given such an extremely discouraging account of themselves, it would seem that the question at issue between these two bodies of opinion might most profitably be reopened.On this side of the ocean a whole new continent stood ready for a large-scale experiment with this theory. It afforded every conceivable resource whereby the masses might develop a civilization made in their own likeness and after their own image. There was no force of tradition to disturb them in their preponderance, or to check them in a thoroughgoing disparagement of the Remnant. Immense natural wealth, unquestioned predominance, virtual isolation, freedom from external interference and the fear of it, and, finally, a century and a half of time – such are the advantages which the mass-man has had in bringing forth a civilization which should set the earlier preachers and philosophers at naught in their belief that nothing substantial can be expected from the masses, but only from the Remnant.

III

But without following up this suggestion, I wish only, as I said, to remark the fact that as things now stand Isaiah’s job seems rather to go begging. Everyone with a message nowadays is, like my venerable European friend, eager to take it to the masses. His first, last and only thought is of mass-acceptance and mass-approval. His great care is to put his doctrine in such shape as will capture the masses’ attention and interest. This attitude towards the masses is so exclusive, so devout, that one is reminded of the troglodytic monster described by Plato, and the assiduous crowd at the entrance to its cave, trying obsequiously to placate it and win its favour, trying to interpret its inarticulate noises, trying to find out what it wants, and eagerly offering it all sorts of things that they think might strike its fancy.


Isaiah, on the other hand, worked under no such disabilities. He preached to the masses only in the sense that he preached publicly. Anyone who liked might listen; anyone who liked might pass by. He knew that the Remnant would listen; and knowing also that nothing was to be expected of the masses under any circumstances, he made no specific appeal to them, did not accommodate his message to their measure in any way, and did not care two straws whether they heeded it or not. As a modern publisher might put it, he was not worrying about circulation or about advertising. Hence, with all such obsessions quite out of the way, he was in a position to do his level best, without fear or favour, and answerable only to his august Boss.The main trouble with all this is its reaction upon the mission itself. It necessitates an opportunist sophistication of one’s doctrine, which profoundly alters its character and reduces it to a mere placebo. If, say, you are a preacher, you wish to attract as large a congregation as you can, which means an appeal to the masses; and this, in turn, means adapting the terms of your message to the order of intellect and character that the masses exhibit. If you are an educator, say with a college on your hands, you wish to get as many students as possible, and you whittle down your requirements accordingly. If a writer, you aim at getting many readers; if a publisher, many purchasers; if a philosopher, many disciples; if a reformer, many converts; if a musician, many auditors; and so on. But as we see on all sides, in the realization of these several desires, the prophetic message is so heavily adulterated with trivialities, in every instance, that its effect on the masses is merely to harden them in their sins. Meanwhile, the Remnant, aware of this adulteration and of the desires that prompt it, turn their backs on the prophet and will have nothing to do with him or his message.

If a prophet were not too particular about making money out of his mission or getting a dubious sort of notoriety out of it, the foregoing considerations would lead one to say that serving the Remnant looks like a good job. An assignment that you can really put your back into, and do your best without thinking about results, is a real job; whereas serving the masses is at best only half a job, considering the inexorable conditions that the masses impose upon their servants. They ask you to give them what they want, they insist upon it, and will take nothing else; and following their whims, their irrational changes of fancy, their hot and cold fits, is a tedious business, to say nothing of the fact that what they want at any time makes very little call on one’s resources of prophesy. The Remnant, on the other hand, want only the best you have, whatever that may be. Give them that, and they are satisfied; you have nothing more to worry about. The prophet of the American masses must aim consciously at the lowest common denominator of intellect, taste and character among 120,000,000 people; and this is a distressing task. The prophet of the Remnant, on the contrary, is in the enviable position of Papa Haydn in the household of Prince Esterhazy. All Haydn had to do was keep forking out the very best music he knew how to produce, knowing it would be understood and appreciated by those for whom he produced it, and caring not a button what anyone else thought of it; and that makes a good job.


Digito monstrari et dicier, Hic est!
In a sense, nevertheless, as I have said, it is not a rewarding job. If you can tough the fancy of the masses, and have the sagacity to keep always one jump ahead of their vagaries and vacillations, you can get good returns in money from serving the masses, and good returns also in a mouth-to-ear type of notoriety:

We all know innumerable politicians, journalists, dramatists, novelists and the like, who have done extremely well by themselves in these ways. Taking care of the Remnant, on the contrary, holds little promise of any such rewards. A prophet of the Remnant will not grow purse-proud on the financial returns from his work, nor is it likely that he will get any great renown out of it. Isaiah’s case was exceptional to this second rule, and there are others, but not many.

It may be thought, then, that while taking care of the Remnant is no doubt a good job, it is not an especially interesting job because it is as a rule so poorly paid. I have my doubts about this. There are other compensations to be got out of a job besides money and notoriety, and some of them seem substantial enough to be attractive. Many jobs which do not pay well are yet profoundly interesting, as, for instance, the job of research student in the sciences is said to be; and the job of looking after the Remnant seems to me, as I have surveyed it for many years from my seat in the grandstand, to be as interesting as any that can be found in the world.

IV

What chiefly makes it so, I think, is that in any given society the Remnant are always so largely an unknown quantity. You do not know, and will never know, more than two things about them. You can be sure of those – dead sure, as our phrase is – but you will never be able to make even a respectable guess at anything else. You do not know, and will never know, who the Remnant are, nor what they are doing or will do. Two things you do know, and no more: First, that they exist; second, that they will find you. Except for these two certainties, working for the Remnant means working in impenetrable darkness; and this, I should say, is just the condition calculated most effectively to pique the interest of any prophet who is properly gifted with the imagination, insight and intellectual curiosity necessary to a successful pursuit of his trade.

The fascination and the despair of the historian, as he looks back upon Isaiah’s Jewry, upon Plato’s Athens, or upon Rome of the Antonines, is the hope of discovering and laying bare the “substratum of right-thinking and well-doing” which he knows must have existed somewhere in those societies because no kind of collective life can possibly go on without it. He finds tantalizing intimations of it here and there in many places, as in the Greek Anthology, in the scrapbook of Aulus Gellius, in the poems of Ausonius, and in the brief and touching tribute, Bene merenti, bestowed upon the unknown occupants of Roman tombs. But these are vague and fragmentary; they lead him nowhere in his search for some kind of measure on this substratum, but merely testify to what he already knew a priori – that the substratum did somewhere exist. Where it was, how substantial it was, what its power of self-assertion and resistance was – of all this they tell him nothing.

Similarly, when the historian of two thousand years hence, or two hundred years, looks over the available testimony to the quality of our civilization and tries to get any kind of clear, competent evidence concerning the substratum of right-thinking and well-doing which he knows must have been here, he will have a devil of a time finding it. When he has assembled all he can and has made even a minimum allowance for speciousness, vagueness, and confusion of motive, he will sadly acknowledge that his net result is simply nothing. A Remnant were here, building a substratum like coral insects; so much he knows, but he will find nothing to put him on the track of who and where and how many they were and what their work was like.

Concerning all this, too, the prophet of the present knows precisely as much and as little as the historian of the future; and that, I repeat, is what makes his job seem to me so profoundly interesting. One of the most suggestive episodes recounted in the Bible is that of a prophet’s attempt – the only attempt of the kind on the record, I believe – to count up the Remnant. Elijah had fled from persecution into the desert, where the Lord presently overhauled him and asked what he was doing so far away from his job. He said that he was running away, not because he was a coward, but because all the Remnant had been killed off except himself. He had got away only by the skin of his teeth, and, he being now all the Remnant there was, if he were killed the True Faith would go flat. The Lord replied that he need not worry about that, for even without him the True Faith could probably manage to squeeze along somehow if it had to; “and as for your figures on the Remnant,” He said, “I don’t mind telling you that there are seven thousand of them back there in Israel whom it seems you have not heard of, but you may take My word for it that there they are.”

At that time, probably the population of Israel could not run to much more than a million or so; and a Remnant of seven thousand out of a million is a highly encouraging percentage for any prophet. With seven thousand of the boys on his side, there was no great reason for Elijah to feel lonesome; and incidentally, that would be something for the modern prophet of the Remnant to think of when he has a touch of the blues. But the main point is that if Elijah the Prophet could not make a closer guess on the number of the Remnant than he made when he missed it by seven thousand, anyone else who tackled the problem would only waste his time.

The other certainty which the prophet of the Remnant may always have is that the Remnant will find him. He may rely on that with absolute assurance. They will find him without his doing anything about it; in fact, if he tries to do anything about it, he is pretty sure to put them off. He does not need to advertise for them nor resort to any schemes of publicity to get their attention. If he is a preacher or a public speaker, for example, he may be quite indifferent to going on show at receptions, getting his picture printed in the newspapers, or furnishing autobiographical material for publication on the side of “human interest.” If a writer, he need not make a point of attending any pink teas, autographing books at wholesale, nor entering into any specious freemasonry with reviewers. All this and much more of the same order lies in the regular and necessary routine laid down for the prophet of the masses; it is, and must be, part of the great general technique of getting the mass-man’s ear – or as our vigorous and excellent publicist, Mr. H. L. Mencken, puts it, the technique of boob-bumping. The prophet of the Remnant is not bound to this technique. He may be quite sure that the Remnant will make their own way to him without any adventitious aids; and not only so, but if they find him employing any such aids, as I said, it is ten to one that they will smell a rat in them and will sheer off.

The certainty that the Remnant will find him, however, leaves the prophet as much in the dark as ever, as helpless as ever in the matter of putting any estimate of any kind upon the Remnant; for, as appears in the case of Elijah, he remains ignorant of who they are that have found him or where they are or how many. They did not write in and tell him about it, after the manner of those who admire the vedettes of Hollywood, nor yet do they seek him out and attach themselves to his person. They are not that kind. They take his message much as drivers take the directions on a roadside signboard – that is, with very little thought about the signboard, beyond being gratefully glad that it happened to be there, but with every thought about the directions.

This impersonal attitude of the Remnant wonderfully enhances the interest of the imaginative prophet’s job. Once in a while, just about often enough to keep his intellectual curiosity in good working order, he will quite accidentally come upon some distinct reflection of his own message in an unsuspected quarter. This enables him to entertain himself in his leisure moments with agreeable speculations about the course his message may have taken in reaching that particular quarter, and about what came of it after it got there. Most interesting of all are those instances, if one could only run them down (but one may always speculate about them), where the recipient himself no longer knows where nor when nor from whom he got the message – or even where, as sometimes happens, he has forgotten that he got it anywhere and imagines that it is all a self-sprung idea of his own.

Such instances as these are probably not infrequent, for, without presuming to enroll ourselves among the Remnant, we can all no doubt remember having found ourselves suddenly under the influence of an idea, the source of which we cannot possibly identify. “It came to us afterward,” as we say; that is, we are aware of it only after it has shot up full-grown in our minds, leaving us quite ignorant of how and when and by what agency it was planted there and left to germinate. It seems highly probable that the prophet’s message often takes some such course with the Remnant.

If, for example, you are a writer or a speaker or a preacher, you put forth an idea which lodges in the Unbewußtsein of a casual member of the Remnant and sticks fast there. For some time it is inert; then it begins to fret and fester until presently it invades the man’s conscious mind and, as one might say, corrupts it. Meanwhile, he has quite forgotten how he came by the idea in the first instance, and even perhaps thinks he has invented it; and in those circumstances, the most interesting thing of all is that you never know what the pressure of that idea will make him do.

For these reasons it appears to me that Isaiah’s job is not only good but also extremely interesting; and especially so at the present time when nobody is doing it. If I were young and had the notion of embarking in the prophetical line, I would certainly take up this branch of the business; and therefore I have no hesitation about recommending it as a career for anyone in that position. It offers an open field, with no competition; our civilization so completely neglects and disallows the Remnant that anyone going in with an eye single to their service might pretty well count on getting all the trade there is.

Even assuming that there is some social salvage to be screened out of the masses, even assuming that the testimony of history to their social value is a little too sweeping, that it depresses hopelessness a little too far, one must yet perceive, I think, that the masses have prophets enough and to spare. Even admitting that in the teeth of history that hope of the human race may not be quite exclusively centred in the Remnant, one must perceive that they have social value enough to entitle them to some measure of prophetic encouragement and consolation, and that our civilization allows them none whatever. Every prophetic voice is addressed to the masses, and to them alone; the voice of the pulpit, the voice of education, the voice of politics, of literature, drama, journalism – all these are directed towards the masses exclusively, and they marshal the masses in the way that they are going.

One might suggest, therefore, that aspiring prophetical talent may well turn to another field. Sat patriae Priamoque datum – whatever obligation of the kind may be due the masses is already monstrously overpaid. So long as the masses are taking up the tabernacle of Moloch and Chiun, their images, and following the star of their god Buncombe, they will have no lack of prophets to point the way that leadeth to the More Abundant Life; and hence a few of those who feel the prophetic afflatus might do better to apply themselves to serving the Remnant. It is a good job, an interesting job, much more interesting than serving the masses; and moreover it is the only job in our whole civilization, as far as I know, that offers a virgin field.


This essay first appeared in The Atlantic Monthly in 1936. See also Jeffrey Tucker on Nock.

Albert Jay Nock (1870–1945) was an influential American libertarian author, educational theorist, and social critic. Murray Rothbard was deeply influenced by him, and so was that whole generation of free-market thinkers. See Nock’s The State of the Union.

The Best of Albert Jay Nock

Albert Jay Nock

Albert Jay Nock
Born October 13, 1870
Scranton, Pennsylvania
Died August 19, 1945 (aged 74)
Wakefield, Rhode Island
Resting place Riverside Cemetery
South Kingstown, Rhode Island
Occupation writer and social theorist
Nationality American
Alma mater St. Stephen’s College
(now known as Bard College)
Subjects Libertarianism

Albert Jay Nock (October 13, 1870 – August 19, 1945) was an influential American libertarian author, educationaltheorist, and social critic of the early and middle 20th century.

 

Life and work

Throughout his life, Nock was a deeply private man who shared few of the details of his personal life with his working partners. He was born in Scranton, Pennsylvania (U.S.), to a father who was both a steelworker and an Episcopal priest, and he was raised in Brooklyn, New York. Nock attended St. Stephen’s College (now known as Bard College) from 1884–1888,[1] where he joined Sigma Alpha Epsilon Fraternity. After graduation he had a brief career playing minor league baseball, then attended a theological seminary and was ordained as an Episcopal priest in 1897. Nock married Agnes Grumbine in 1900 and had two children, Francis and Samuel (both of whom became college professors), but separated from his wife after only a few years of marriage.[2] In 1909, Nock left the clergy and became a journalist.

In 1914, Nock joined the staff of The Nation magazine, which was at the time supportive of liberal capitalism. Nock was an acquaintance of the influential politician and orator William Jennings Bryan, and in 1915 traveled to Europe on a special assignment for Bryan, who was then Secretary of State. Nock also maintained friendships with many of the leading proponents of the Georgist movement, one of whom had been his bishop in the Episcopal Church.

However, while Nock was a lifelong admirer of Henry George, he was frequently at odds with the left-leaning movement that claimed his legacy.[citation needed] Further, Nock was deeply influenced by the anti-collectivist writings of theGerman sociologist Franz Oppenheimer, whose most famous work, Der Staat, was published in English translation in 1915. In his own writings, Nock would later build on Oppenheimer’s claim that the pursuit of human ends can be divided into two forms: the productive or economic means and the parasitic, political means.

Between 1920 and 1924, Nock was the co-editor of The Freeman. The Freeman was initially conceived as a vehicle for the single tax movement. It was financed by the wealthy wife of the magazine’s other editor, Francis Neilson,[3] although neither Nock nor Neilson was an dedicated single taxer. Contributors to The Freemanincluded: Charles A. Beard, William Henry Chamberlin, Thomas Mann, Lewis Mumford, Bertrand Russell, Lincoln Steffens, Louis Untermeyer, Thorstein Veblen andSuzanne La Follette, the more libertarian[4] cousin of Senator Robert La Follette. Critic H.L. Mencken wrote:

His editorials during the three brief years of the Freeman set a mark that no other man of his trade has ever quite managed to reach. They were well-informed and sometimes even learned, but there was never the slightest trace of pedantry in them. –H.L. Mencken[5]

When the unprofitable The Freeman ceased publication in 1924, Nock became a freelance journalist in New York City and Brussels, Belgium.

“The Myth of a Guilty Nation,”[6] which came out in 1922, was Albert Jay Nock’s first anti-war book, a cause he backed his entire life as an essential component of a libertarian outlook. The burden of the book is to prove American war propaganda to be false. The purpose of the war, according to Nock, was not to liberate Europe and the world from German imperialism and threats. If there was a conspiracy, it was by the allied powers to broadcast a public message that was completely contradicted by its own diplomatic cables. Along with that came war propaganda designed to make Germany into a devil nation. The book has been in very low circulation ever since. In fact, until a recent release by the Mises Institute, it had been very difficult to obtain in physical form.

In the mid-1920s, a small group of wealthy American admirers funded Nock’s literary and historical work to enable him to follow his own interests. Shortly thereafter, he published his biography of Thomas Jefferson. When Jefferson was published in 1928, Mencken praised it as “the work of a subtle and highly dexterous craftsman” which cleared “off the vast mountain of doctrinaire rubbish that has risen above Jefferson’s bones and also provides a clear and comprehensive account of the Jeffersonian system,” and the “essence of it is that Jefferson divided all mankind into two classes, the producers and the exploiters, and he was for the former first, last and all the time.” Mencken also thought the book to be accurate, shrewd, well-ordered and charming.[5]

In his two 1932 books, On the Disadvantages of Being Educated and Other Essays and Theory of Education in the United States, Nock launched a scathing critique of modern government-run education.

In his 1936 article “Isaiah’s Job”,[7] which appeared in the Atlantic Monthly and was reprinted in pamphlet form in July 1962 by The Foundation for Economic Education, Nock expressed his complete disillusionment with the idea of reforming the current system. Believing that it would be impossible to convince any large portion of the general population of the correct course and opposing any suggestion of a violent revolution, Nock instead argued that libertarians should focus on nurturing what he called “the Remnant“.

The Remnant, according to Nock, consisted of a small minority who understood the nature of the state and society, and who would become influential only after the current dangerous course had become thoroughly and obviously untenable, a situation which might not occur until far into the future.[8] Nock’s philosophy of the Remnant was influenced by the deep pessimism and elitism that social critic Ralph Adams Cram expressed in a 1932 essay, “Why We Do Not Behave Like Human Beings”.[9] In his Memoirs of a Superfluous Man, Nock makes no secret that his educators:

did not pretend to believe that everyone is educable, for they knew, on the contrary, that very few are educable, very few indeed. They saw this as a fact of nature, like the fact that few are six feet tall. [...] They accepted the fact that there are practicable ranges of intellectual and spiritual experience which nature has opened to some and closed to others.

In 1941, Nock published a two-part essay in the Atlantic Monthly titled “The Jewish Problem in America”.[10] The article was part of a multi-author series, assembled by the editors in response to recent anti-Semitic unrest in Brooklyn and elsewhere “in the hope that a free and forthright debate will reduce the pressure, now dangerously high, and leave us with a healthier understanding of the human elements involved.”

Nock’s argument was that the Jews were an Oriental people, acceptable to the “intelligent Occidental” yet forever strangers to “the Occidental mass-man.”[11]Furthermore, the mass-man “is inclined to be more resentful of the Oriental as a competitor than of another Occidental;” the American masses are “the great rope and lamppost artists of the world;” and in studying Jewish history, “one is struck with the fact that persecutions never have originated in an upper class movement”. This innate hostility of the masses, he concluded, might be exploited by a scapegoating state to distract from “any shocks of an economic dislocation that may occur in the years ahead.” He concluded, “If I keep up my family’s record of longevity, I think it is not impossible that I shall live to see the Nuremberg laws reenacted in this country and enforced with vigor” and affirmed that the consequences of such a pogrom “would be as appalling in their extent and magnitude as anything seen since the Middle Ages.”

Despite this obvious dread of anti-Semitism, the article was itself declared by some to be anti-Semitic, and Nock was never asked to write another article, effectively ending his career as a social critic.

Against charges of anti-Semitism, Nock answered, “Someone asked me years ago if it were true that I disliked Jews, and I replied that it was certainly true, not at all because they are Jews but because they are folks, and I don’t like folks.”[citation needed]

In 1943, two years before his death, Nock published his autobiography, Memoirs of a Superfluous Man, the title of which expressed the degree of Nock’s disillusionment and alienation from current social trends. After the publication of this autobiography, Nock became the sometime guest of oilman William F. Buckley, Sr.,[12] whose son, William F. Buckley, Jr., would later become a celebrated author and speaker.

Nock died of leukemia in 1945, at the Wakefield, Rhode Island home of his longtime friend, Ruth Robinson, the illustrator of his 1934 book, “A Journey into Rabelais’ France”. He is buried in Riverside Cemetery, in Wakefield.

Thought

Describing himself as a philosophical anarchist,[13] Nock called for a radical vision of society free from the influence of the political state. He described the state as that which “claims and exercises the monopoly of crime”. He opposed centralization, regulation, the income tax, and mandatory education, along with what he saw as the degradation of society. He denounced in equal terms all forms of totalitarianism, including “BolshevismFascism, Hitlerism, Marxism, [and] Communism” but also harshly criticized democracy. Instead, Nock argued, “The practical reason for freedom is that freedom seems to be the only condition under which any kind of substantial moral fiber can be developed. Everything else has been tried, world without end. Going dead against reason and experience, we have tried law, compulsion and authoritarianism of various kinds, and the result is nothing to be proud of.”[14]

During the 1930s, Nock was one of the most consistent critics of Franklin Roosevelt‘s New Deal programs. In Our Enemy, the State, Nock argued that the New Deal was merely a pretext for the federal government to increase its control over society. He was dismayed that the president had gathered unprecedented power in his own hands and called this development an out-and-out coup d’état. Nock criticized those who believed that the new regimentation of the economy was temporary, arguing that it would prove a permanent shift. He believed that the inflationary monetary policy of the Republican administrations of the 1920s was responsible for the onset of the Great Depression and that the New Deal was responsible for perpetuating it.

Nock was also a passionate opponent of war and what he considered the US government’s aggressive foreign policy. He believed that war could bring out only the worst in society and argued that it led inevitably to collectivization and militarization and “fortified a universal faith in violence; it set in motion endless adventures inimperialism, endless nationalist ambitions,” while, at the same time, costing countless human lives. During the First World War, Nock wrote for The Nation, which was censored by the Wilson administration for opposing the war.

Despite his distaste for communism, Nock harshly criticized the Allied intervention in the Russian Civil War following the parliamentary revolution and Bolshevik coup in that country. Before the Second World War, Nock wrote a series of articles deploring what he saw as Roosevelt’s gamesmanship and interventionism leading inevitably to US involvement. Nock was one of the few who maintained a principled opposition to the war throughout its course.

Despite becoming considerably more obscure in death than he had been in life, Nock was an important influence on the next generation of laissez-faire capitalist American thinkers, including libertarians such as Murray Rothbard, Ayn Rand, Frank Chodorov,[15] and Leonard Read, and conservatives such as William F. Buckley, Jr.. Nock’s conservative view of society would help inspire the paleoconservative movement in response to the development of neoconservatism during theCold War. In insisting on the state itself as the root problem, Nock’s thought was one of the main precursors to anarcho-capitalism.

Works

  • The Myth of a Guilty Nation.[1] New York: B.W. Huebsch, 1922. [2]
  • The Freeman Book.[3] B.W. Huebsch, 1924.
  • Jefferson.[4] New York: Harcourt, Brace and Company, 1926 (also known as Mr. Jefferson).
  • On Doing the Right Thing, and Other Essays.[5] New York: Harper and Brothers, 1928.
  • Francis Rabelais: The Man and His Work. Harper and Brothers, 1929.
  • The Book of Journeyman: Essays from the New Freeman.[6] New Freeman, 1930.
  • The Theory of Education in the United States.[7] New York: Harcourt, Brace and Company, 1932.
  • A Journey Into Rabelais’s France. [8] William Morrow & Company, 1934.
  • A Journal of These Days: June 1932–December 1933. William Morrow & Company, 1934.
  • Our Enemy, the State.[9] William Morrow & Company, 1935.
  • Free Speech and Plain Language. William Morrow & Company, 1937.
  • Henry George: An Essay. William Morrow & Company, 1939.
  • Memoirs of a Superfluous Man.[10] New York: Harper and Brothers, 1943.

Miscellany

  • World Scouts,[11] World Peace Foundation, 1912.
  • “Officialism and Lawlessness.” [12] In College Readings on Today and its Problems, Oxford University Press, 1933.
  • Meditations in Wall Street, with an introduction by Albert Jay Nock,[13] W. Morrow & Company, 1940.

Published posthumously:

  • A Journal of Forgotten Days: May 1934–October 1935. [14] Henry Regnery Company, 1948.
  • Letters from Albert Jay Nock, 1924–1945, to Edmund C. Evans, Mrs. Edmund C. Evans, and Ellen Winsor. The Caxton Printers, 1949.
  • Snoring as a Fine Art and Twelve Other Essays.[15] Richard R. Smith, 1958.
  • Selected Letters of Albert Jay Nock. The Caxton Printers, 1962.
  • Cogitations from Albert Jay Nock.[16] The Nockian Society, 1970, revised edition, 1985.
  • The State of the Union: Essays in Social Criticism. Liberty Press, 1991.
  • The Disadvantages of Being Educated and Other Essays. Hallberg Publishing Corporation, 1996.

Notes

  1. Jump up^ Wreszin, Michael (1972). The Superfluous Anarchist: Albert Jay Nock, Brown University Press, p. 11.
  2. Jump up^ Powell, Jim (March 1, 1997). “Albert Jay Nock: A Gifted Pen for Radical Individualism”. The Freeman (Foundation for Economic Education).
  3. Jump up^ Neilson, Francis (1946). “The Story of ‘The Freeman’,” The American Journal of Economics and Sociology, Vol. 6, No. 1, pp. 3–53.
  4. Jump up^ Presley, Sharon (1981). “Suzanne La Follette: The Freewoman,” Libertarian Review (Cato Institute).
  5. ^ Jump up to:a b Mencken, H.L. (1926). “The Immortal Democrat,” American Mercury, Vol. 9, No. 33, p. 123.
  6. Jump up^ Originally published in 1922 by B. W. Huebsch, Inc. Published in 2011 by the Ludwig von Mises Institute.
  7. Jump up^ Nock, Albert Jay (1956). “Isaiah’s Job”, The Freeman/Ideas on Liberty, Vol. 6, No. 12, pp. 31–7.
  8. Jump up^ Harris, Michael R. (1970). Five Counterrevolutionists in Higher Education: Irving Babbitt, Albert Jay Nock, Abraham Flexner, Robert Maynard Hutchins, Alexander Meiklejohn, Oregon State University Press, p. 97.
  9. Jump up^ Cram, Ralph Adams (1932). “Why We Do Not Behave Like Human Beings,” The American Mercury, Vol. 27, No 105, pp. 41–8.
  10. Jump up^ Nock, Albert Jay (1941). “The Jewish Problem in America,” The Atlantic Monthly, June 1, pp. 699–705.
  11. Jump up^ Crunden, Robert Morse (1964). The Mind and Art of Albert Jay Nock, Henry Regnery Company, pp. 183–84.
  12. Jump up^ Buckley, Jr., William F. (2008). Let Us Talk of Many Things: The Collected Speeches, Basic Books, p. 430.
  13. Jump up^ Wreszin, Michael (1969). “Albert Jay Nock and the Anarchist Elitist Tradition in America,”American Quarterly, Vol. 21, No. 2, Part 1, pp. 165–89.
  14. Jump up^ Nock, Albert Jay (1924). “On Doing the Right Thing,” American Mercury, Vol. 3, No. 11, p. 257–62.
  15. Jump up^ Nitsche, Charles G. (1981). Albert Jay Nock and Frank Chodorov: Case Studies in Recent American Individualist and Anti-statist Thought, (Ph.D. Dissertation), University of Maryland.

http://en.wikipedia.org/wiki/Albert_Jay_Nock

The Pronk Pops Show Podcasts Portfolio

Listen To Pronk Pops Podcast or Download Show 277-278

Listen To Pronk Pops Podcast or Download Show 264-276

Listen To Pronk Pops Podcast or Download Show 250-263

Listen To Pronk Pops Podcast or Download Show 236-249

Listen To Pronk Pops Podcast or Download Show 222-235

Listen To Pronk Pops Podcast or Download Show 211-221

Listen To Pronk Pops Podcast or DownloadShow 202-210

Listen To Pronk Pops Podcast or Download Show 194-201

Listen To Pronk Pops Podcast or Download Show 184-193

Listen To Pronk Pops Podcast or Download Show 174-183

Listen To Pronk Pops Podcast or Download Show 165-173

Listen To Pronk Pops Podcast or Download Show 158-164

Listen To Pronk Pops Podcast or Download Show 151-157

Listen To Pronk Pops Podcast or Download Show 143-150

Listen To Pronk Pops Podcast or Download Show 135-142

Listen To Pronk Pops Podcast or Download Show 131-134

Listen To Pronk Pops Podcast or Download Show 124-130

Listen To Pronk Pops Podcast or Download Shows 121-123

Listen To Pronk Pops Podcast or Download Shows 118-120

Listen To Pronk Pops Podcast or Download Shows 113 -117

Listen To Pronk Pops Podcast or Download Show 112

Listen To Pronk Pops Podcast or Download Shows 108-111

Listen To Pronk Pops Podcast or Download Shows 106-108

Listen To Pronk Pops Podcast or Download Shows 104-105

Listen To Pronk Pops Podcast or Download Shows 101-103

Listen To Pronk Pops Podcast or Download Shows 98-100

Listen To Pronk Pops Podcast or Download Shows 94-97

Listen To Pronk Pops Podcast or Download Shows 93

Listen To Pronk Pops Podcast or Download Shows 92

Listen To Pronk Pops Podcast or Download Shows 91

Listen To Pronk Pops Podcast or Download Shows 88-90

Listen To Pronk Pops Podcast or Download Shows 84-87

Listen To Pronk Pops Podcast or Download Shows 79-83

Listen To Pronk Pops Podcast or Download Shows 74-78

Listen To Pronk Pops Podcast or Download Shows 71-73

Listen To Pronk Pops Podcast or Download Shows 68-70

Listen To Pronk Pops Podcast or Download Shows 65-67

Listen To Pronk Pops Podcast or Download Shows 62-64

Listen To Pronk Pops Podcast or Download Shows 58-61

Listen To Pronk Pops Podcast or Download Shows 55-57

Listen To Pronk Pops Podcast or Download Shows 52-54

Listen To Pronk Pops Podcast or Download Shows 49-51

Listen To Pronk Pops Podcast or Download Shows 45-48

Listen To Pronk Pops Podcast or Download Shows 41-44

Listen To Pronk Pops Podcast or Download Shows 38-40

Listen To Pronk Pops Podcast or Download Shows 34-37

Listen To Pronk Pops Podcast or Download Shows 30-33

Listen To Pronk Pops Podcast or Download Shows 27-29

Listen To Pronk Pops Podcast or Download Shows 17-26

Listen To Pronk Pops Podcast or Download Shows 16-22

Listen To Pronk Pops Podcast or Download Shows 10-15

Listen To Pronk Pops Podcast or Download Shows 01-09

[youtube=http://www.youtube.com/watch

Read Full Post | Make a Comment ( None so far )

Producers vs. Moochers: Obama’s Execution of The Cloward-Piven Strategy: Food Stamps, Medicaid, Welfare, Disability Benefits, Earned Income Credits, Obamacare, Student Loans, Veterans Administration, Open Borders, Massive Deficits and Debts, Unsustainable Unfunded Liabilities, High Unemployment Rates — Legal Status — Amnesty — Citizenship for 30-50 Million Illegal Aliens — Overloading The Welfare System — Democratic Progressive Party Tyranny — Obama’s Unconstrained Utopian Vision– Videos

Posted on June 12, 2014. Filed under: American History, Blogroll, Communications, Crisis, Diasters, Economics, Employment, Faith, Family, Federal Government, Federal Government Budget, Fiscal Policy, Food, Freedom, Friends, government spending, Health Care, history, Inflation, liberty, Life, Literacy, media, Obamacare, People, Philosophy, Politics, Public Sector, Rants, Raves, Resources, Strategy, Talk Radio, Tax Policy, Taxes, Terrorism, Unions, Video, Welfare | Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , |

 

Project_1

The Pronk Pops Show Podcasts

Pronk Pops Show 276: June 10, 2014

Pronk Pops Show 275: June 9, 2014

Pronk Pops Show 274: June 6, 2014

Pronk Pops Show 273: June 5, 2014

Pronk Pops Show 272: June 4, 2014

Pronk Pops Show 271: June 2, 2014

Pronk Pops Show 270: May 30, 2014 

Pronk Pops Show 269: May 29, 2014

Pronk Pops Show 268: May 28, 2014

Pronk Pops Show 267: May 27, 2014

Pronk Pops Show 266: May 23, 2014

Pronk Pops Show 265: May 22, 2014

Pronk Pops Show 264: May 21, 2014

Pronk Pops Show 263: May 20, 2014

Pronk Pops Show 262: May 16, 2014

Pronk Pops Show 261: May 15, 2014

Pronk Pops Show 260: May 14, 2014

Pronk Pops Show 259: May 13, 2014

Pronk Pops Show 258: May 9, 2014

Pronk Pops Show 257: May 8, 2014

Pronk Pops Show 256: May 5, 2014

Pronk Pops Show 255: May 2, 2014

Pronk Pops Show 254: May 1, 2014

Pronk Pops Show 253: April 30, 2014

Pronk Pops Show 252: April 29, 2014

Pronk Pops Show 251: April 28, 2014

Pronk Pops Show 250: April 25, 2014

Pronk Pops Show 249: April 24, 2014

Pronk Pops Show 248: April 22, 2014

Pronk Pops Show 247: April 21, 2014

Pronk Pops Show 246: April 17, 2014

Pronk Pops Show 245: April 16, 2014

Pronk Pops Show 244: April 15, 2014

Pronk Pops Show 243: April 14, 2014

Pronk Pops Show 242: April 11, 2014

Pronk Pops Show 241: April 10, 2014

Pronk Pops Show 240: April 9, 2014

Pronk Pops Show 239: April 8, 2014

Pronk Pops Show 238: April 7, 2014

Pronk Pops Show 237: April 4, 2014

Pronk Pops Show 236: April 3, 2014

Pronk Pops Show 235: March 31, 2014

Pronk Pops Show 234: March 28, 2014

Pronk Pops Show 233: March 27, 2014

Pronk Pops Show 232: March 26, 2014

Pronk Pops Show 231: March 25, 2014

Pronk Pops Show 230: March 24, 2014

Pronk Pops Show 229: March 21, 2014

Pronk Pops Show 228: March 20, 2014

Pronk Pops Show 227: March 19, 2014

Pronk Pops Show 226: March 18, 2014

Pronk Pops Show 225: March 17, 2014

Pronk Pops Show 224: March 7, 2014

Pronk Pops Show 223: March 6, 2014

Pronk Pops Show 222: March 3, 2014

 Story 1:Producers vs. Moochers:  Obama’s Execution of The Cloward-Piven Strategy: Food Stamps, Medicaid, Welfare, Disability Benefits, Earned Income Credits, Obamacare, Student Loans, Veterans Administration, Open Borders, Massive Deficits and Debts, Unsustainable Unfunded Liabilities,   High Unemployment Rates — Legal Status — Amnesty — Citizenship for 30-50 Million Illegal Aliens — Overloading The Welfare System — Democratic Progressive Party Tyranny — Obama’s Unconstrained Utopian Vision– Videos

cloward-piven

cloward-and-piven

Cloward-Piven

org_chart_howard_piveni

rules-for-radicals

obama-read

obama_rules_radicals

rules_radicals

barack-meme-generator-using-cloward-piven-usa-will-be-bankrupt-and-ripe-for-communist-revolutionrules-for-radicals (1)

the-cloward-piven-model-spendgali-politics

Saul Alinsky’s 12 Rules for Radicals

Here is the complete list from Alinsky.

* RULE 1: “Power is not only what you have, but what the enemy thinks you have.” Power is derived from 2 main sources – money and people. “Have-Nots” must build power from flesh and blood. (These are two things of which there is a plentiful supply. Government and corporations always have a difficult time appealing to people, and usually do so almost exclusively with economic arguments.)
* RULE 2: “Never go outside the expertise of your people.” It results in confusion, fear and retreat. Feeling secure adds to the backbone of anyone. (Organizations under attack wonder why radicals don’t address the “real” issues. This is why. They avoid things with which they have no knowledge.)
* RULE 3: “Whenever possible, go outside the expertise of the enemy.” Look for ways to increase insecurity, anxiety and uncertainty. (This happens all the time. Watch how many organizations under attack are blind-sided by seemingly irrelevant arguments that they are then forced to address.)
* RULE 4: “Make the enemy live up to its own book of rules.” If the rule is that every letter gets a reply, send 30,000 letters. You can kill them with this because no one can possibly obey all of their own rules. (This is a serious rule. The besieged entity’s very credibility and reputation is at stake, because if activists catch it lying or not living up to its commitments, they can continue to chip away at the damage.)
* RULE 5: “Ridicule is man’s most potent weapon.” There is no defense. It’s irrational. It’s infuriating. It also works as a key pressure point to force the enemy into concessions. (Pretty crude, rude and mean, huh? They want to create anger and fear.)
* RULE 6: “A good tactic is one your people enjoy.” They’ll keep doing it without urging and come back to do more. They’re doing their thing, and will even suggest better ones. (Radical activists, in this sense, are no different that any other human being. We all avoid “un-fun” activities, and but we revel at and enjoy the ones that work and bring results.)
* RULE 7: “A tactic that drags on too long becomes a drag.” Don’t become old news. (Even radical activists get bored. So to keep them excited and involved, organizers are constantly coming up with new tactics.)
* RULE 8: “Keep the pressure on. Never let up.” Keep trying new things to keep the opposition off balance. As the opposition masters one approach, hit them from the flank with something new. (Attack, attack, attack from all sides, never giving the reeling organization a chance to rest, regroup, recover and re-strategize.)
* RULE 9: “The threat is usually more terrifying than the thing itself.” Imagination and ego can dream up many more consequences than any activist. (Perception is reality. Large organizations always prepare a worst-case scenario, something that may be furthest from the activists’ minds. The upshot is that the organization will expend enormous time and energy, creating in its own collective mind the direst of conclusions. The possibilities can easily poison the mind and result in demoralization.)
* RULE 10: “If you push a negative hard enough, it will push through and become a positive.” Violence from the other side can win the public to your side because the public sympathizes with the underdog. (Unions used this tactic. Peaceful [albeit loud] demonstrations during the heyday of unions in the early to mid-20th Century incurred management’s wrath, often in the form of violence that eventually brought public sympathy to their side.)
* RULE 11: “The price of a successful attack is a constructive alternative.” Never let the enemy score points because you’re caught without a solution to the problem. (Old saw: If you’re not part of the solution, you’re part of the problem. Activist organizations have an agenda, and their strategy is to hold a place at the table, to be given a forum to wield their power. So, they have to have a compromise solution.)
* RULE 12: Pick the target, freeze it, personalize it, and polarize it.” Cut off the support network and isolate the target from sympathy. Go after people and not institutions; people hurt faster than institutions. (This is cruel, but very effective. Direct, personalized criticism and ridicule works.)

dependencyrulers

cycle of government dependency

John Stossel – A Nation Of Moochers

John Stossel – Serious Crony Capitalism

How Crony Capitalism Corrupts the Free Market | David Stockman

David Stockman on TARP, the Fed, Ron Paul and Reagan [FULL VERSION]

The Forgotten Cause of Sound Money | David Stockman

Carmen Reinhart on Financial Crisis and Fiscal Policy

Kenneth Rogoff – Why Austerity is right & Growth is critical (19.12.12)

Record Number Of Americans Receiving Disability Benefits – Stuart Varney – America’s Newsroom

Number Of People On Food Stamps Up 70% Since 2008 – America’s News HQ

Economics 101-The Dangers Of Government Dependency

Opinion: The Government Dependency Trap

Land of The Freebies, Home of the Enslaved

Is Government Dependence the New American Way – Working Doesn’t Pay

Welfare fraud investigation

Mark Levin: The Cloward Piven & Obama strategy

Matthew Vadum on Glenn Beck Program, May 28, 2009 (replayed June 4, 2009)

Glenn Beck Learns About Cloward-Piven Strategy of Orchestrated Crisis

The Cloward/Piven Strategy 1

The Cloward/Piven Strategy 2

The Cloward/Piven Strategy 3

The Cloward/Piven Strategy 4

The Cloward/Piven Strategy 5

The Cloward/Piven Strategy 6

Frances Fox Piven’s opinion of Glenn Beck

Professor Frances Fox Piven on Glenn Beck targeting her

Saul Alinsky speaking at UCLA 1/17/1969

Alinsky for Dummies (Mr. Joseph A. Morris – Acton Institute)

02-05-13 Macro Analytics – The Cloward Piven Strategy

What In The World Is Cloward-PIven (and is it working?)

The End of America….The Cloward-Piven Strategy

complete cloward piven strategy project

Cloward Piven Strategy

Fall 2010 Marc Sumerlin Lecture Series Featuring Prof. Carmen Reinhart

MILTON FRIEDMAN-what alinsky never told obama..

Milton Friedman Versus A Socialist

Thomas Sowell – Frances Fox Piven vs. Milton Friedman

Obama’s Vision for America by Thomas Sowell!

Thomas Sowell and a Conflict of Visions

Blues Brothers – Minnie the Moocher (Cab Calloway)

 

Barack Obama and the Strategy of Manufactured Crisis

America waits with bated breath while Washington struggles to bring the U.S. economy back from the brink of disaster. But many of those same politicians caused the crisis, and if left to their own devices will do so again.

Despite the mass media news blackout, a series of books, talk radio and the blogosphere have managed to expose Barack Obama’s connections to his radical mentors — Weather Underground bombers William Ayers and Bernardine Dohrn, Communist Party member Frank Marshall Davis and others. David Horowitz and his Discover the Networks.org have also contributed a wealth of information and have noted Obama’s radical connections since the beginning.
Yet, no one to my knowledge has yet connected all the dots between Barack Obama and the Radical Left. When seen together, the influences on Obama’s life comprise a who’s who of the radical leftist movement, and it becomes painfully apparent that not only is Obama a willing participant in that movement, he has spent most of his adult life deeply immersed in it.
But even this doesn’t fully describe the extreme nature of this candidate. He can be tied directly to a malevolent overarching strategy that has motivated many, if not all, of the most destructive radical leftist organizations in the United States since the 1960s.
The Cloward-Piven Strategy of Orchestrated Crisis
In an earlier post, I noted the liberal record of unmitigated legislative disasters, the latest of which is now being played out in the financial markets before our eyes. Before the 1994 Republican takeover, Democrats had sixty years of virtually unbroken power in Congress – with substantial majorities most of the time. Can a group of smart people, studying issue after issue for years on end, with virtually unlimited resources at their command, not come up with a single policy that works? Why are they chronically incapable?
Why?
One of two things must be true. Either the Democrats are unfathomable idiots, who ignorantly pursue ever more destructive policies despite decades of contrary evidence, or they understand the consequences of their actions and relentlessly carry on anyway because they somehow benefit.
I submit to you they understand the consequences. For many it is simply a practical matter of eliciting votes from a targeted constituency at taxpayer expense; we lose a little, they gain a lot, and the politician keeps his job. But for others, the goal is more malevolent – the failure is deliberate. Don’t laugh. This method not only has its proponents, it has a name: the Cloward-Piven Strategy. It describes their agenda, tactics, and long-term strategy.
The Strategy was first elucidated in the May 2, 1966 issue of The Nation magazine by a pair of radical socialist Columbia University professors, Richard Andrew Cloward and Frances Fox Piven. David Horowitz summarizes it as:
The strategy of forcing political change through orchestrated crisis. The “Cloward-Piven Strategy” seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse.
Cloward and Piven were inspired by radical organizer [and Hillary Clinton mentor] Saul Alinsky:
“Make the enemy live up to their (sic) own book of rules,” Alinsky wrote in his 1989 book Rules for Radicals. When pressed to honor every word of every law and statute, every Judeo-Christian moral tenet, and every implicit promise of the liberal social contract, human agencies inevitably fall short. The system’s failure to “live up” to its rule book can then be used to discredit it altogether, and to replace the capitalist “rule book” with a socialist one. (Courtesy Discover the Networks.org)
Newsmax rounds out the picture:
Their strategy to create political, financial, and social chaos that would result in revolution blended Alinsky concepts with their more aggressive efforts at bringing about a change in U.S. government. To achieve their revolutionary change, Cloward and Piven sought to use a cadre of aggressive organizers assisted by friendly news media to force a re-distribution of the nation’s wealth.
In their Nation article, Cloward and Piven were specific about the kind of “crisis” they were trying to create:
By crisis, we mean a publicly visible disruption in some institutional sphere. Crisis can occur spontaneously (e.g., riots) or as the intended result of tactics of demonstration and protest which either generate institutional disruption or bring unrecognized disruption to public attention.
No matter where the strategy is implemented, it shares the following features:
  1. The offensive organizes previously unorganized groups eligible for government benefits but not currently receiving all they can.
  2. The offensive seeks to identify new beneficiaries and/or create new benefits.
  3. The overarching aim is always to impose new stresses on target systems, with the ultimate goal of forcing their collapse.
Capitalizing on the racial unrest of the 1960s, Cloward and Piven saw the welfare system as their first target. They enlisted radical black activist George Wiley, who created the National Welfare Reform Organization (NWRO) to implement the strategy. Wiley hired militant foot soldiers to storm welfare offices around the country, violently demanding their “rights.” According to a City Journal article bySol Stern, welfare rolls increased from 4.3 million to 10.8 million by the mid-1970s as a result, and in New York City, where the strategy had been particularly successful, “one person was on the welfare rolls… for every two working in the city’s private economy.”
According to another City Journal article titled “Compassion Gone Mad“:
The movement’s impact on New York City was jolting: welfare caseloads, already climbing 12 percent a year in the early sixties, rose by 50 percent during Lindsay’s first two years; spending doubled… The city had 150,000 welfare cases in 1960; a decade later it had 1.5 million.  
The vast expansion of welfare in New York City that came of the NWRO’s Cloward-Piven tactics sent the city into bankruptcy in 1975. Rudy Giuliani citedCloward and Piven by name as being responsible for “an effort at economic sabotage.” He also credited Cloward-Piven with changing the cultural attitude toward welfare from that of a temporary expedient to a lifetime entitlement, an attitude which in-and-of-itself has caused perhaps the greatest damage of all.
Cloward and Piven looked at this strategy as a gold mine of opportunity. Within the newly organized groups, each offensive would find an ample pool of foot soldier recruits willing to advance its radical agenda at little or no pay, and expand its base of reliable voters, legal or otherwise. The radicals’ threatening tactics also would accrue an intimidating reputation, providing a wealth of opportunities for extorting monetary and other concessions from the target organizations. In the meantime, successful offensives would create an ever increasing drag on society. As they gleefully observed:
Moreover, this kind of mass influence is cumulative because benefits are continuous. Once eligibility for basic food and rent grants is established, the drain on local resources persists indefinitely.
The next time you drive through one of the many blighted neighborhoods in our cities, or read of the astronomical crime, drug addiction, and out-of-wedlock birth rates, or consider the failed schools, strapped police and fire resources of every major city, remember Cloward and Piven’s thrill that “…the drain on local resources persists indefinitely.”
ACORN, the new tip of the Cloward-Piven spear
In 1970, one of George Wiley’s protégés, Wade Rathke — like Bill Ayers, a member of the radical Students for a Democratic Society (SDS) — was sent to found the Arkansas Community Organizations for Reform Now. While NWRO had made a good start, it alone couldn’t accomplish the Cloward-Piven goals. Rathke’s group broadened the offensive to include a wide array of low income “rights.” Shortly thereafter they changed “Arkansas” to “Association of” andACORN went nationwide.
Today ACORN is involved in a wide array of activities, including housing, voting rights, illegal immigration and other issues. According to ACORN’s website: “ACORN is the nation’s largest grassroots community organization of low-and moderate-income people with over 400,000 member families organized into more than 1,200 neighborhood chapters in 110 cities across the country,” It is perhaps the largest radical group in the U.S. and has been cited for widespread criminal activity on many fronts.
Voting
On voting rights, ACORN and its voter mobilization subsidiary, Project Vote, have been involved nationwide in efforts to grant felons the vote and lobbied heavily for the Motor Voter Act of 1993, a law allowing people to register at motor vehicle departments, schools, libraries and other public places. That law had been sought by Cloward and Piven since the early1980s and they were present, standing behind President Clinton at the signing ceremony.
ACORN’s voter rights tactics follow the Cloward-Piven Strategy:
  • 1. Register as many Democrat voters as possible, legal or otherwise and help them vote, multiple times if possible.
  • 2. Overwhelm the system with fraudulent registrations using multiple entries of the same name, names of deceased, random names from the phone book, even contrived names.
  • 3. Make the system difficult to police by lobbying for minimal identification standards.
In this effort, ACORN sets up registration sites all over the country and has beenfrequently cited for turning in fraudulent registrations, as well as destroying republican applications. In the 2004-2006 election cycles alone, ACORN was accused of widespread voter fraud in 12 states. It may have swung the election for one state governor.
ACORN’s website brags: “Since 2004, ACORN has helped more than 1.7 million low- and moderate-income and minority citizens apply to register to vote.” Project vote boasts 4 million. I wonder how many of them are dead? For the 2008 cycle, ACORN and Project Vote have pulled out all the stops. Given their furious nationwide effort, it is not inconceivable that this presidential race could be decided by fraudulent votes alone.
Barack Obama ran ACORN’s Project Vote in Chicago and his highly successful voter registration drive was credited with getting the disgraced former Senator Carol Moseley-Braun elected. Newsmax reiterates Cloward and Piven’s aspirations for ACORN’s voter registration efforts:
By advocating massive, no-holds-barred voter registration campaigns, they [Cloward & Piven] sought a Democratic administration in Washington, D.C. that would re-distribute the nation’s wealth and lead to a totalitarian socialist state.
Illegal Immigration
As I have written elsewhere, the Radical Left’s offensive to promote illegal immigration is “Cloward-Piven on steroids.” ACORN is at the forefront of this movement as well, and was a leading organization among a broad coalition of radical groups, including Soros’ Open Society Institute, the Service Employees International Union (ACORN founder Wade Rathke also runs a SEIU chapter), and others, that became the Coalition for Comprehensive Immigration Reform. CCIR fortunately failed to gain passage for the 2007 illegal immigrant amnesty bill, but its goals have not changed.
The burden of illegal immigration on our already overstressed welfare system has been widely documented. Some towns in California have even been taken over byillegal immigrant drug cartels. The disease, crime and overcrowding brought by illegal immigrants places a heavy burden on every segment of society and every level of government, threatening to split this country apart at the seams. In the meantime, radical leftist efforts to grant illegal immigrants citizenship guarantee a huge pool of new democrat voters. With little border control, terrorists can also filter in.
Obama aided ACORN as their lead attorney in a successful suit he broughtagainst the Illinois state government to implement the Motor Voter law there. The law had been resisted by Republican Governor Jim Edgars, who feared the law was an opening to widespread vote fraud.
His fears were warranted as the Motor Voter law has since been cited as a major opportunity for vote fraud, especially for illegal immigrants, even terrorists.According to the Wall Street JournalAfter 9/11, the Justice Department found that eight of the 19 hijackers were registered to vote…”
ACORN’s dual offensives on voting and illegal immigration are handy complements. Both swell the voter rolls with reliable democrats while assaulting the country ACORN seeks to destroy with overwhelming new problems.
Mortgage Crisis
And now we have the mortgage crisis, which has sent a shock wave through Wall Street and panicked world financial markets like no other since the stock market crash of 1929. But this is a problem created in Washington long ago.  It originated with the Community Reinvestment Act (CRA), signed into law in 1977 by President Jimmy Carter. The CRA was Carter’s answer to a grassroots activist movement started in Chicago, and forced banks to make loans to low income, high risk customers. PhD economist and former Texas Senator Phil Gramm has called it: “a vast extortion scheme against the nation’s banks.”
ACORN aggressively sought to expand loans to low income groups using the CRA as a whip. Economist Stan Leibowitz wrote in the New York Post:
In the 1980s, groups such as the activists at ACORN began pushing charges of “redlining”-claims that banks discriminated against minorities in mortgage lending. In 1989, sympathetic members of Congress got the Home Mortgage Disclosure Act amended to force banks to collect racial data on mortgage applicants; this allowed various studies to be ginned up that seemed to validate the original accusation.
In fact, minority mortgage applications were rejected more frequently than other applications-but the overwhelming reason wasn’t racial discrimination, but simply that minorities tend to have weaker finances.
ACORN showed its colors again in 1991, by taking over the House Banking Committee room for two days to protest efforts to scale back the CRA.Obama represented ACORN in the Buycks-Roberson v. Citibank Fed. Sav. Bank, 1994 suit against redlining.  Most significant of all, ACORN was the driving force behind a 1995 regulatory revision pushed through by the Clinton Administration that greatly expanded the CRA and laid the groundwork for the Fannie Mae, Freddie Mac borne financial crisis we now confront. Barack Obama was the attorney representing ACORN in this effort. With this new authority, ACORN used its subsidiary, ACORN Housing, to promote subprime loans more aggressively.
As a New York Post article describes it:
A 1995 strengthening of the Community Reinvestment Act required banks to find ways to provide mortgages to their poorer communities. It also let community activists intervene at yearly bank reviews, shaking the banks down for large pots of money.
Banks that got poor reviews were punished; some saw their merger plans frustrated; others faced direct legal challenges by the Justice Department.
Flexible lending programs expanded even though they had higher default rates than loans with traditional standards. On the Web, you can still find CRA loans available via ACORN with “100 percent financing . . . no credit scores . . . undocumented income . . . even if you don’t report it on your tax returns.” Credit counseling is required, of course.
Ironically, an enthusiastic Fannie Mae Foundation report singled out one paragon of nondiscriminatory lending, which worked with community activists and followed “the most flexible underwriting criteria permitted.” That lender’s $1 billion commitment to low-income loans in 1992 had grown to $80 billion by 1999and $600 billion by early 2003.
The lender they were speaking of was Countrywide, which specialized in subprime lending and had a working relationship with ACORN.
The revisions also allowed for the first time the securitization of CRA-regulated loans containing subprime mortgages. The changes came as radical “housing rights” groups led by ACORN lobbied for such loans. ACORN at the time was represented by a young public-interest lawyer in Chicago by the name of Barack Obama. (Emphasis, mine.)
Since these loans were to be underwritten by the government sponsored Fannie Mae and Freddie Mac, the implicit government guarantee of those loans absolved lenders, mortgage bundlers and investors of any concern over the obvious risk. As Bloomberg reported: “It is a classic case of socializing the risk while privatizing the profit.”
And if you think Washington policy makers cared about ACORN’s negative influence, think again. Before this whole mess came down, a Democrat-sponsored bill on the table would have created an “Affordable Housing Trust Fund,” granting ACORN access to approximately $500 million in Fannie Mae and Freddie Mac revenues with little or no oversight.
Even now, unbelievably — on the brink of national disaster — Democrats have insisted ACORN benefit from bailout negotiations! Senator Lindsay Graham reported last night (9/25/08) in an interview with Greta Van Susteren of On the Record that Democrats want 20 percent of the bailout money to go to ACORN!
This entire fiasco represents perhaps the pinnacle of ACORN’s efforts to advance the Cloward-Piven Strategy and is a stark demonstration of the power they wield in Washington.
Enter Barack Obama
In attempting to capture the significance of Barack Obama’s Radical Left connections and his relation to the Cloward Piven strategy, I constructed following flow chart. It is by no means complete. There are simply too many radical individuals and organizations to include them all here. But these are perhaps the most significant.

Cloward Piven Strategy

The chart puts Barack Obama at the epicenter of an incestuous stew of American radical leftism. Not only are his connections significant, they practically define who he is. Taken together, they constitute a who’s who of the American radical left, and guiding all is the Cloward-Piven strategy.

Conspicuous in their absence are any connections at all with any other group, moderate, or even mildly leftist. 
They are all radicals, firmly bedded in the anti-American, communist, socialist, radical leftist mesh.
Saul Alinsky
Most people are unaware that Barack Obama received his training in “community organizing” from Saul Alinsky’s Industrial Areas Foundation. But he did. In and of itself that marks his heritage and training as that of a radical activist. One really needs go no further. But we have.
Bill Ayers
Obama objects to being associated with SDS bomber Bill Ayers, claiming he is being smeared with “guilt by association.” But they worked together at theWoods Fund. The Wall Street Journal added substantially to our knowledge by describing in great detail Obama’s work over five years with SDS bomber Bill Ayers on the board of a non-profit, the Chicago Annenberg Challenge, to push a radical agenda on public school children. As Stanley Kurtz states:
“…the issue here isn’t guilt by association; it’s guilt by participation. As CAC chairman, Mr. Obama was lending moral and financial support to Mr. Ayers and his radical circle. That is a story even if Mr. Ayers had never planted a single bomb 40 years ago.”
Also included in the mix is Theresa Heinz Kerry’s favorite charity, the Tides Foundation. A partial list of Tides grants tells you all you need to know: ACLU, ACORN, Center for American Progress, Center for Constitutional Rights (a communist front,) CAIR, Earth Justice, Institute for Policy Studies (KGB spy nest), National Lawyers Guild (oldest communist front in U.S.), People for the Ethical Treatment of Animals (PETA), and practically every other radical group there is. ACORN’s Wade Rathke runs a Tides subsidiary, the Tides Center.
Carl Davidson and the New Party
We have heard about Bomber Bill, but we hear little about fellow SDS memberCarl Davidson. According to Discover the Networks, Davidson was an early supporter of Barack Obama and a prominent member of Chicago’s New Party, a synthesis of CPUSA members, Socialists, ACORN veterans and other radicals. Obama sought and received the New Party’s endorsement, and they assisted with his campaign. The New Party also developed a strong relationship with ACORN. As an excellent article on the New Party observes: “Barack Obama knew what he was getting into and remains an ideal New Party candidate.”
George Soros
The chart also suggests the reason for George Soros’ fervent support of Obama. The President of his Open Society Institute is Aryeh Neier, founder of the radical Students for a Democratic Society (SDS). As mentioned above, three other former SDS members had extensive contact with Obama: Bill Ayers, Carl Davidson and Wade Rathke. Surely Aryeh Neier would have heard from his former colleagues of the promising new politician. More to the point, Neier is firmly committed to supporting the hugely successful radical organization, ACORN, and would be certain back their favored candidate, Barack Obama.
ACORN
Obama has spent a large portion of his professional life working for ACORN or its subsidiaries, representing ACORN as a lawyer on some of its most critical issues, and training ACORN leaders. Stanley Kurtz’s excellent National Review article, “Inside Obama’s Acorn.” also describes Obama’s ACORN connection in detail. But I can’t improve on Obama’s own words:
I’ve been fighting alongside ACORN on issues you care about my entire career (emphasis added). Even before I was an elected official, when I ran Project Vote voter registration drive in Illinois, ACORN was smack dab in the middle of it, and we appreciate your work. - Barack Obama, Speech to ACORN, November 2007 (Courtesy Newsmax.)
In another excellent article on Obama’s ACORN connections, Newsmax asks a nagging question:
It would be telling to know if Obama, during his years at Columbia, had occasion to meet Cloward and study the Cloward-Piven Strategy.
I ask you, is it possible ACORN would train Obama to take leadership positions within ACORN without telling him what he was training for? Is it possible ACORN would put Obama in leadership positions without clueing him into what his purpose was?? Is it possible that this most radical of organizations would put someone in charge of training its trainers, without him knowing what it was he was training them for?
As a community activist for ACORN; as a leadership trainer for ACORN; as alead organizer for ACORN’s Project Vote; as an attorney representing ACORN’s successful efforts to impose Motor Voter regulations in Illinois; as ACORN’s representative in lobbying for the expansion of high risk housing loans through Fannie Mae and Freddie Mac that led to the current crisis; as a recipient of their assistance in his political campaigns — both with money and campaign workers; it is doubtful that he was unaware of ACORN’s true goals. It is doubtful he was unaware of the Cloward-Piven Strategy.
Fast-forward to 2005 when an obsequious, servile and scraping Daniel Mudd, CEO of Fannie Mae spoke at the Congressional Black Caucus swearing in ceremony for newly-elected Illinois Senator, Barack Obama. Mudd called, the Congressional Black Caucus “our family” and “the conscience of Fannie Mae.”
In 2005, Republicans sought to rein in Fannie and Freddie. Senator John McCain was at the forefront of that effort. But it failed due to an intense lobbying effort put forward by Fannie and Freddie.
In his few years as a U.S. senator, Obama has received campaign contributions of $126,349, from Fannie and Freddie, second only to the $165,400 received by Senator Chris Dodd, who has been getting donations from them since 1988. What makes Obama so special?
His closest advisers are a dirty laundry list of individuals at the heart of the financial crisis: former Fannie Mae CEO Jim Johnson; Former Fannie Mae CEO and former Clinton Budget Director Frank Raines; and billionaire failed Superior Bank of Chicago Board Chair Penny Pritzker.
Johnson had to step down as adviser on Obama’s V.P. search after this gem came out:
An Office of Federal Housing Enterprise Oversight (OFHEO) report[1] from September 2004 found that, during Johnson’s tenure as CEO, Fannie Mae had improperly deferred $200 million in expenses. This enabled top executives, including Johnson and his successor, Franklin Raines, to receive substantial bonuses in 1998.[2] A 2006 OFHEO report[3] found that Fannie Mae had substantially under-reported Johnson’s compensation. Originally reported as $6-7 million, Johnson actually received approximately $21 million.
Obama denies ties to Raines but the Washington Post calls him a member of “Obama’s political circle.” Raines and Johnson were fined $3 million by the Office of Federal Housing Oversight for their manipulation of Fannie books. The fine is small change however, compared to the $50 million Raines was able to obtain in improper bonuses as a result of juggling the books.
Most significantly, Penny Pritzker, the current Finance Chairperson of Obama’s presidential campaign helped develop the complicated investment bundling of subprime securities at the heart of the meltdown. She did so in her position as shareholder and board chair of Superior Bank. The Bank failed in 2001, one of the largest in recent history, wiping out $50 million in uninsured life savings of approximately 1,400 customers. She was named in a RICO class action law suit but doesn’t seem to have come out of it too badly.
As a young attorney in the 1990s, Barack Obama represented ACORN in Washington in their successful efforts to expand Community Reinvestment Act (CRA) authority. In addition to making it easier for ACORN groups to force banks into making risky loans, this also paved the way for banks like Superior to package mortgages as investments, and for the Government Sponsored Enterprises Fannie Mae and Freddie Mac to underwrite them. These changes created the conditions that ultimately lead to the current financial crisis.
Did they not know this would occur? Were these smart people, led by a Harvard graduate, unaware of the Econ 101 concept of moral hazard that would result from the government making implicit guarantees to underwrite private sector financial risk? They should have known that freeing the high-risk mortgage market of risk, calamity was sure to ensue. I think they did.
Barack Obama, the Cloward-Piven candidate, no matter how he describes himself, has been a radical activist for most of his political career. That activism has been in support of organizations and initiatives that at their heart seek to tear the pillars of this nation asunder in order to replace them with their demented socialist vision. Their influence has spread so far and so wide that despite their blatant culpability in the current financial crisis, they are able to manipulate Capital Hill politicians to cut them into $140 billion of the bailout pie!
God grant those few responsible yet remaining in Washington, DC the strength to prevent this massive fraud from occurring. God grant them the courage to stand up in the face of this Marxist tidal wave.

The Cloward-Piven Strategy Explained

By  Email To A Friend Email To A Friend

Editors Note: Shortly after becoming part of a local Tea Party Group, I became aware of something called The Cloward-Piven Strategy. After researching this topic extensively, I discovered an article written in September, 2008 BEFORE Barack Obama was elected President. The article was written by James Simpson and originally posted at American Thinker. Here’s a link to the original post if you’d like to check it out. Mr. Simpson has graciously given us permission to repost the article here and will be contributing other material to this site in the future. We are looking forward to his further investigations! As far was TeaPartyConnect.com is concerned, this article should be required reading for all Tea Party members.
TheGuru

The Cloward-Piven Strategy, Part II:
Barack Obama and the Strategy of Manufactured Crisis

America waits with bated breath while Washington struggles to bring the U.S. economy back from the brink of disaster. But many of those same politicians caused the crisis, and if left to their own devices will do so again.

Despite the mass media news blackout, a series of books, talk radio and the blogosphere have managed to expose Barack Obama’s connections to his radical mentors – Weather Underground bombers William Ayers and Bernardine Dohrn, Communist Party member Frank Marshall Davis and others. David Horowitz and his Discover the Networks.org have also contributed a wealth of information and have noted Obama’s radical connections since the beginning.

Yet, no one to my knowledge has connected all the dots between Barack Obama and the Radical Left. When seen together, the influences on Obama’s life comprise a who’s who of the radical leftist movement, and it becomes painfully apparent that not only is Obama a willing participant in that movement, he has spent most of his adult life deeply immersed in it.

But even this doesn’t fully describe the extreme nature of this candidate. He can be tied directly to a malevolent overarching strategy that has motivated many, if not all, of the most destructive radical leftist organizations in the United States since the 1960s.

The Cloward-Piven Strategy of Orchestrated Crisis

In an earlier post, I noted the liberal record of legislative disasters, the latest of which is now being played out in the financial markets before our eyes. Before the 1994 Republican takeover, Democrats had sixty years of virtually unbroken power in Congress – with substantial majorities most of the time. Can a group of smart people, studying issue after issue for years on end, with virtually unlimited resources at their command, not come up with a single policy that works? Why are they chronically incapable?

Why?

One of two things must be true. Either the Democrats are unfathomable idiots, who ignorantly pursue ever more destructive policies despite decades of contrary evidence, or they understand the consequences of their actions and relentlessly carry on anyway because they somehow benefit.

I submit to you they understand the consequences. For many it is simply a practical matter of eliciting votes from a targeted constituency at taxpayer expense; we lose a little, they gain a lot, and the politician keeps his job. But for others, the goal is more malevolent – the failure is deliberate. Don’t laugh. This method not only has its proponents, it has a name: the Cloward-Piven Strategy. It animates their agenda, tactics, and long-term strategy.

The Strategy was first elucidated in the May 2, 1966 issue of The Nation magazine by a pair of radical socialist Columbia University professors, Richard Andrew Cloward and Frances Fox Piven. David Horowitz summarizes it as:

The strategy of forcing political change through orchestrated crisis. The “Cloward-Piven Strategy” seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse.

Cloward and Piven were inspired by radical organizer [and Hillary Clinton mentor] Saul Alinsky:

“Make the enemy live up to their (sic) own book of rules,” Alinsky wrote in his 1989 book Rules for Radicals. When pressed to honor every word of every law and statute, every Judeo-Christian moral tenet, and every implicit promise of the liberal social contract, human agencies inevitably fall short. The system’s failure to “live up” to its rule book can then be used to discredit it altogether, and to replace the capitalist “rule book” with a socialist one. (Courtesy of Discover the Networks.org)

Newsmax rounds out the picture:

Their strategy to create political, financial, and social chaos that would result in revolution blended Alinsky concepts with their more aggressive efforts at bringing about a change in U.S. government. To achieve their revolutionary change, Cloward and Piven sought to use a cadre of aggressive organizers assisted by friendly news media to force a re-distribution of the nation’s wealth.

In their Nation article, Cloward and Piven were specific about the kind of “crisis” they were trying to create:

By crisis, we mean a publicly visible disruption in some institutional sphere. Crisis can occur spontaneously (e.g., riots) or as the intended result of tactics of demonstration and protest which either generate institutional disruption or bring unrecognized disruption to public attention.

 

No matter where the strategy is implemented, it shares the following features:

  • The offensive organizes previously unorganized groups eligible for government benefits but not currently receiving all they can.
  • The offensive seeks to identify new beneficiaries and/or create new benefits.
  • The overarching aim is always to impose new stresses on target systems, with the ultimate goal of forcing their collapse.

Capitalizing on the racial unrest of the 1960s, Cloward and Piven saw the welfare system as their first target. They enlisted radical black activist George Wiley, who created the National Welfare Rights Organization (NWRO) to implement the strategy. Wiley hired militant foot soldiers to storm welfare offices around the country, violently demanding their “rights.” According to a City Journal article by Sol Stern, welfare rolls increased from 4.3 million to 10.8 million by the mid-1970s as a result, and in New York City, where the strategy had been particularly successful, “one person was on the welfare rolls… for every two working in the city’s private economy.”

According to another City Journal article titled “Compassion Gone Mad”:

The movement’s impact on New York City was jolting: welfare caseloads, already climbing 12 percent a year in the early sixties, rose by 50 percent during Lindsay’s first two years; spending doubled… The city had 150,000 welfare cases in 1960; a decade later it had 1.5 million.

The vast expansion of welfare in New York City that came of the NWRO’s Cloward-Piven tactics sent the city into bankruptcy in 1975. Rudy Giuliani cited Cloward and Piven by name as being responsible for “an effort at economic sabotage.” He also credited Cloward-Piven with changing the cultural attitude toward welfare from that of a temporary expedient to a lifetime entitlement, an attitude which in-and-of-itself has caused perhaps the greatest damage of all.

Cloward and Piven looked at this strategy as a gold mine of opportunity. Within the newly organized groups, each offensive would find an ample pool of foot soldier recruits willing to advance its radical agenda at little or no pay, and expand its base of reliable voters, legal or otherwise. The radicals’ threatening tactics also would accrue an intimidating reputation, providing a wealth of opportunities for extorting monetary and other concessions from the target organizations. In the meantime, successful offensives would create an ever increasing drag on society. As they gleefully observed:

Moreover, this kind of mass influence is cumulative because benefits are continuous. Once eligibility for basic food and rent grants is established, the drain on local resources persists indefinitely.

The next time you drive through one of the many blighted neighborhoods in our cities, or read of the astronomical crime, drug addiction, and out-of-wedlock birth rates, or consider the failed schools, strapped police and fire resources of every major city, remember Cloward and Piven’s thrill that “…the drain on local resources persists indefinitely.”

ACORN, the new tip of the Cloward-Piven spear

In 1970, one of George Wiley’s protégés, Wade Rathke – like Bill Ayers, a member of the radical Students for a Democratic Society (SDS) – was sent to found the Arkansas Community Organizations for Reform Now. While NWRO had made a good start, it alone couldn’t accomplish the Cloward-Piven goals. Rathke’s group broadened the offensive to include a wide array of low income “rights.” Shortly thereafter they changed “Arkansas” to “Association of” and ACORN went nationwide.

Today ACORN is involved in a wide array of activities, including housing, voting rights, illegal immigration and other issues. According to ACORN’s website: “ACORN is the nation’s largest grassroots community organization of low- and moderate-income people with over 400,000 member families organized into more than 1,200 neighborhood chapters in 110 cities across the country,” It is perhaps the largest radical group in the U.S. and has been cited for widespread criminal activity on many fronts.

Voting

On voting rights, ACORN and its voter mobilization subsidiary, Project Vote, have been involved nationwide in efforts to grant felons the vote and lobbied heavily for the Motor Voter Act of 1993, a law allowing people to register at motor vehicle departments, schools, libraries and other public places. That law had been sought by Cloward and Piven since the early1980s and they were present, standing behind President Clinton at the signing ceremony.

ACORN’s voter rights tactics follow the Cloward-Piven Strategy:

  1. Register as many democrat voters as possible, legal or otherwise and help them vote, multiple times if possible.
  2. Overwhelm the system with fraudulent registrations using multiple entries of the same name, names of deceased, random names from the phone book, even contrived names.
  3. Make the system difficult to police by lobbying for minimal identification standards.

In this effort, ACORN sets up registration sites all over the country and has been frequently cited for turning in fraudulent registrations, as well as destroying republican applications. In the 2004-2006 election cycles alone, ACORN was accused of widespread voter fraud in 12 states. It may have swung the election for one state governor.

ACORN’s website brags:

“Since 2004, ACORN has helped more than 1.7 million low- and moderate-income and minority citizens apply to register to vote.”

Project Vote boasts 4 million. I wonder how many of them had a pulse. For the 2008 cycle, ACORN and Project Vote have pulled out all the stops. Given their furious nationwide effort, it is not inconceivable that this presidential race could be decided by fraudulent votes alone.

Barack Obama ran ACORN’s Project Vote in Chicago and his highly successful voter registration drive wascredited with getting the disgraced former Senator Carol Moseley-Braun elected. Newsmax reiteratesCloward and Piven’s aspirations for ACORN’s voter registration efforts:

By advocating massive, no-holds-barred voter registration campaigns, they [Cloward & Piven] sought a Democratic administration in Washington, D.C. that would re-distribute the nation’s wealth and lead to a totalitarian socialist state.

Illegal Immigration

As I have written elsewhere, the Radical Left’s offensive to promote illegal immigration is “Cloward-Piven on steroids.” ACORN is at the forefront of this movement as well, and was a leading organization among a broad coalition of radical groups, including Soros’ Open Society Institute, the Service Employees International Union (ACORN founder Wade Rathke also runs a SEIU chapter), and others, that became theCoalition for Comprehensive Immigration Reform. CCIR fortunately failed to gain passage for the 2007 illegal immigrant amnesty bill, but its goals have not changed.

The burden of illegal immigration on our already overstressed welfare system has been widely documented. Some towns in California have even been taken over by illegal immigrant drug cartels. The disease, crime and overcrowding brought by illegal immigrants places a heavy burden on every segment of society and every level of government, threatening to split this country apart at the seams. In the meantime, radical leftist efforts to grant illegal immigrants citizenship guarantee a huge pool of new democrat voters. With little border control, terrorists can also filter in.

Obama aided ACORN as their lead attorney in a successful suit he brought against the Illinois state government to implement the Motor Voter law there. The law had been resisted by Republican Governor Jim Edgars, who feared the law was an opening to widespread vote fraud.

His fears were warranted as the Motor Voter law has since been cited as a major opportunity for vote fraud, especially for illegal immigrants, even terrorists. According to the Wall Street Journal: “After 9/11, the Justice Department found that eight of the 19 hijackers were registered to vote…”

ACORN’s dual offensives on voting and illegal immigration are handy complements. Both swell the voter rolls with reliable democrats while assaulting the country ACORN seeks to destroy with overwhelming new problems.

Mortgage Crisis

And now we have the mortgage crisis, which has sent a shock wave through Wall Street and panicked world financial markets like no other since the stock market crash of 1929. But this is a problem created in Washington long ago. It originated with the Community Reinvestment Act (CRA), signed into law in 1977 by President Jimmy Carter. The CRA was Carter’s answer to a grassroots activist movement started in Chicago, and forced banks to make loans to low income, high risk customers. PhD economist and former Texas Senator Phil Gramm has called it: “a vast extortion scheme against the nation’s banks.”

ACORN aggressively sought to expand loans to low income groups using the CRA as a whip. EconomistStan Leibowitz wrote in the New York Post:

In the 1980s, groups such as the activists at ACORN began pushing charges of “redlining”—claims that banks discriminated against minorities in mortgage lending. In 1989, sympathetic members of Congress got the Home Mortgage Disclosure Act amended to force banks to collect racial data on mortgage applicants; this allowed various studies to be ginned up that seemed to validate the original accusation.

In fact, minority mortgage applications were rejected more frequently than other applications—but the overwhelming reason wasn’t racial discrimination, but simply that minorities tend to have weaker finances.

ACORN showed its colors again in 1991, by taking over the House Banking Committee room for two days to protest efforts to scale back the CRA. Most significant of all, ACORN was the driving force behind a 1995 regulatory revision pushed through by the Clinton Administration that greatly expanded the CRA and laid the groundwork for the Fannie Mae, Freddie Mac borne financial crisis we now confront. Barack Obama was the attorney representing ACORN in this effort. With this new authority, ACORN used its subsidiary,ACORN Housing, to promote subprime loans more aggressively. Barack Obama represented ACORN in this effort.

As a New York Post article describes it:

A 1995 strengthening of the Community Reinvestment Act required banks to find ways to provide mortgages to their poorer communities. It also let community activists intervene at yearly bank reviews, shaking the banks down for large pots of money.

Banks that got poor reviews were punished; some saw their merger plans frustrated; others faced direct legal challenges by the Justice Department.

Flexible lending programs expanded even though they had higher default rates than loans with traditional standards. On the Web, you can still find CRA loans available via ACORN with “100 percent financing . . . no credit scores . . . undocumented income . . . even if you don’t report it on your tax returns.” Credit counseling is required, of course.

Ironically, an enthusiastic Fannie Mae Foundation report singled out one paragon of nondiscriminatory lending, which worked with community activists and followed “the most flexible underwriting criteria permitted.” That lender’s $1 billion commitment to low-income loans in 1992 had grown to $80 billion by 1999 and $600 billion by early 2003.

The lender they were speaking of was Countrywide – rescued by Bank of America in July – which specialized in subprime lending and had a working relationship with ACORN.

Investor’s Business Daily added:

The revisions also allowed for the first time the securitization of CRA-regulated loans containing subprime mortgages. The changes came as radical “housing rights” groups led by ACORN lobbied for such loans. ACORN at the time was represented by a young public-interest lawyer in Chicago by the name of Barack Obama. (Emphasis, mine.)

Since these loans were to be underwritten by the government sponsored Fannie Mae and Freddie Mac, the implicit government guarantee of those loans absolved lenders, mortgage bundlers and investors of any concern over the obvious risk. As Bloomberg reported: “It is a classic case of socializing the risk while privatizing the profit.”

And if you think Washington policy makers cared about ACORN’s negative influence, think again. Before this whole mess came down, a Democrat-sponsored bill on the table would have created an “Affordable Housing Trust Fund,” granting ACORN access to approximately $500 million in Fannie Mae and Freddie Mac revenues with little or no oversight.

Even now, unbelievably – on the brink of national disaster – Democrats have insisted ACORN benefit from bailout negotiations! Senator Lindsay Graham reported Thursday night (9/25/08) in an interview with Greta Van Susteren of On the Record that Democrats want 20 percent of the bailout money to go to ACORN!

This entire fiasco represents perhaps the pinnacle of ACORN’s efforts to advance the Cloward-Piven Strategy and is a stark demonstration of the power they wield in Washington.

Enter Barack Obama.

In attempting to capture the significance of Barack Obama’s Radical Left connections and his connection to the Cloward Piven strategy, I constructed following flow chart. It is by no means complete. There are simply too many radical individuals and organizations to include them all here. But these are perhaps the most significant.

The chart puts Barack Obama at the epicenter of an incestuous stew of American radical leftism. Not only are his connections significant, they practically define who he is. Taken together, they constitute a who’s who of the American Radical Left, and guiding all is the Cloward-Piven strategy.

Conspicuous in their absence are any connections at all with any other group, moderate, or even mildly leftist. They are all radicals, firmly bedded in the anti-American, communist, socialist, radical leftist mesh.

Saul Alinsky

Most people are unaware that Barack Obama received his training in “community organizing” from Saul Alinsky’s Industrial Areas Foundation. But he did. In and of itself that marks his heritage and training as that of a radical activist. One really need go no further. But we have.

Bill Ayers

Obama objects to being associated with SDS bomber Bill Ayers, claiming he is being smeared with “guilt by association.” But they worked together at the Woods Fund. The Wall Street Journal has added substantially to our knowledge by describing in great detail Obama’s work over five years with Ayers on the board of the Chicago Annenberg Challenge, a non-profit Ayers designed to push a radical agenda on public school children. As Stanley Kurtz states: “…the issue here isn’t guilt by association; it’s guilt by participation. As CAC chairman, Mr. Obama was lending moral and financial support to Mr. Ayers and his radical circle. That is a story even if Mr. Ayers had never planted a single bomb 40 years ago.”

Also included in the mix is John and Theresa Heinz Kerry’s favorite charity, the Tides Foundation. A partial list of Tides grants tells you all you need to know: ACLU, ACORN, Center for American Progress, Center for Constitutional Rights (a communist front,) CAIR, Earth Justice, Institute for Policy Studies (KGB spy nest), National Lawyers Guild (oldest communist front in U.S.), People for the Ethical Treatment of Animals (PETA), and practically every other radical group there is. ACORN’s Wade Rathke runs a Tides subsidiary, the Tides Center. No wonder Kerry, Kennedy et al love Obama. Just one big happy family.

Carl Davidson and the New Party

We have heard about Bomber Bill, but we hear little about fellow SDS member Carl Davidson. According toDiscover the Networks, Davidson was an early supporter of Barack Obama and a prominent member of Chicago’s New Party, a synthesis of CPUSA members, Socialists, ACORN veterans and other radicals. Obama sought and received the New Party’s endorsement, and they assisted with his campaign. The New Party also developed a strong relationship with ACORN. As an excellent article on the New Party observes: “Barack Obama knew what he was getting into and remains an ideal New Party candidate.”

George Soros

The chart also suggests one reason for George Soros’ fervent support of Obama. The President of his Open Society Institute is Aryeh Neier, founder of the radical Students for a Democratic Society (SDS). As mentioned above, three other former SDS members had extensive contact with Obama: Bill Ayers, Carl Davidson and Wade Rathke. Surely Aryeh Neier would have heard of the promising new politician from his former colleagues. More to the point, Neier is firmly committed to supporting the hugely successful radical organization, ACORN, and would be certain back their favored candidate, Barack Obama. Soros is a natural suspect in this fiasco as he has made all his ill-gotten gains short-selling on national disaster. The extent of his dirty dealings is worthy of its own book.

ACORN

Obama has spent a large portion of his professional life working for ACORN or its subsidiaries, representing ACORN as a lawyer on some of its most critical issues, and training ACORN leaders. Stanley Kurtz’s excellent National Review article, “Inside Obama’s Acorn.” also describes Obama’s ACORN connection in detail. But I can’t improve on Obama’s own words:

I’ve been fighting alongside ACORN on issues you care about my entire career (emphasis added). Even before I was an elected official, when I ran Project Vote voter registration drive in Illinois, ACORN was smack dab in the middle of it, and we appreciate your work. — Barack Obama, Speech to ACORN, November 2007 (Courtesy Newsmax.)

In another excellent article on Obama’s ACORN connections, Newsmax asks a nagging question:

It would be telling to know if Obama, during his years at Columbia, had occasion to meet Cloward and study the Cloward-Piven Strategy.

I will put it more bluntly: Barack Obama is fully aware of the Cloward-Piven strategy and has actively worked to achieve its goals for most of his adult life.

I ask you, is it possible ACORN would train Obama to take leadership positions within ACORN without telling him what he was training for? Is it possible ACORN would put Obama in leadership positions without clueing him into what his purpose was?? Is it possible that this most radical of organizations would put someone in charge of training its trainers, without him knowing what it was he was training them for???

As a community activist for ACORN; as a leadership trainer for ACORN; as a lead organizer for ACORN’s Project Vote; as an attorney representing ACORN’s successful efforts to impose Motor Voter regulations in Illinois; as ACORN’s representative in lobbying for the expansion of high risk housing loans through Fannie Mae and Freddie Mac that led to the current crisis; as a recipient of their assistance in his political campaigns – both with money and campaign workers; it is inconceivable that he was unaware of ACORN’s true goals. It is inconceivable he was unaware of the Cloward-Piven Strategy.

Fast-forward to 2005 when an obsequious, servile and scraping Daniel Mudd, CEO of Fannie Mae spoke at the Congressional Black Caucus swearing in ceremony for newly-elected Illinois Senator, Barack Hussein Obama. Mudd called, the Congressional Black Caucus “our family” and “the conscience of Fannie Mae.”

In 2005, Republicans sought to reign in Fannie and Freddie. Senator John McCain was at the forefront of that effort. But it failed due to an intense lobbying effort put forward by Fannie and Freddie.

In his few years as a U.S. senator, Obama has received campaign contributions of $126,349, from Fannie and Freddie, second only to the $165,400 received by Senator Chris Dodd, who has been getting donations from them since 1988. What makes Obama so special?

His closest advisers are a dirty laundry list of individuals at the heart of the financial crisis: former Fannie Mae CEO Jim Johnson; Former Fannie Mae CEO and former Clinton Budget Director Frank Raines; and billionaire failed Superior Bank of Chicago Board Chair Penny Pritzker.

Johnson had to step down as adviser on Obama’s V.P. search after this gem came out:

An Office of Federal Housing Enterprise Oversight (OFHEO) report[1] from September 2004 found that, during Johnson’s tenure as CEO, Fannie Mae had improperly deferred $200 million in expenses. This enabled top executives, including Johnson and his successor, Franklin Raines, to receive substantial bonuses in 1998.[2] A 2006 OFHEO report[3] found that Fannie Mae had substantially under-reported Johnson’s compensation. Originally reported as $6-7 million, Johnson actually received approximately $21 million.

Obama denies ties to Raines but the Washington Post calls him a member of “Obama’s political circle.” Raines and Johnson were fined $3 million by the Office of Federal Housing Oversight for their manipulation of Fannie books. The fine is small change however, compared to the $50 million Raines was able to obtain in improper bonuses as a result of juggling the books. To add insult to injury, the $3 million fine was paid with Fannie Mae’s insurance fund.

Most significantly, Penny Pritzker, the current Finance Chairperson of Obama’s presidential campaign, helped develop the complicated investment bundling of subprime securities at the heart of the meltdown. She did so in her position as owner and board chair of Superior Bank. The Bank failed in 2001, one of the largest in recent history, wiping out $50 million in life savings of the bank’s approximately 1,400 customers. She was named in a RICO class action law suit but doesn’t seem to have come out of it too badly.

As a young attorney in the 1990s, Barack Obama represented ACORN in Washington in their successful efforts to expand Community Reinvestment Act (CRA) authority. In addition to making it easier for ACORN groups to force banks into making risky loans, this also paved the way for banks like Superior to package mortgages as investments, and for the Government Sponsored Enterprises Fannie Mae and Freddie Mac to underwrite them. These changes created the conditions that ultimately lead to the current financial crisis.

Did they not know this would occur? Were these smart people, led by a Harvard graduate, unaware of the Econ 101 concept of moral hazard that would result from the government making implicit guarantees to underwrite private sector financial risk? They should have known that freeing the high-risk mortgage market of risk, calamity was sure to ensue. I think they did.

Barack Obama, the Cloward-Piven candidate, no matter how he describes himself, has been a radical activist for most of his political career. That activism has been in support of organizations and initiatives that at their heart seek to tear the pillars of this nation asunder in order to replace them with their demented socialist vision. Their influence has spread so far and so wide that despite their blatant culpability in the current financial crisis, they are able to manipulate Capital Hill politicians to cut them into $140 billion of the bailout pie!

God grant those few responsible yet remaining in Washington, DC the strength to prevent this massive fraud from occurring. God grant them the courage to stand up in the face of this Marxist tidal wave.

Jim Simpson is a former White House staff economist and budget analyst. His writings have been published in American ThinkerWashington Times, FrontPage MagazineDefenseWatchSoldier of Fortune and others. His blog is Truth and Consequences.

You can access the other parts of the Cloward-Piven series of articles by James Simpson at the American Daughter Media Center which also includes versions of these articles in Word Document format for downloading and re-printing.

The Cloward-Piven Strategy, Part I: Manufactured Crisis 
The Cloward-Piven Strategy, Part I — print copy
The Cloward-Piven Strategy, Part II: Barack Obama and the Strategy of Manufactured Crisis
The Cloward-Piven Strategy, Part II — print copy
The Cloward-Piven Strategy, Part III: Conspiracy of the Lemmings 
The Cloward-Piven Strategy, Part III — print copy

http://www.teapartyconnect.com/102/the-cloward-piven-strategy-explained/

 

Cloward–Piven strategy

From Wikipedia, the free encyclopedia

The Cloward–Piven strategy is a political strategy outlined in 1966 by American sociologists and political activists Richard Cloward and Frances Fox Piven that called for overloading the U.S. public welfare system in order to precipitate a crisis that would lead to a replacement of the welfare system with a national system of “a guaranteed annual income and thus an end to poverty”. Cloward and Piven were a married couple who were both professors at the Columbia University School of Social Work. The strategy was formulated in a May 1966 article in liberal[1] magazine The Nation titled “The Weight of the Poor: A Strategy to End Poverty”.[2]

The two stated that many Americans who were eligible for welfare were not receiving benefits, and that a welfare enrollment drive would strain local budgets, precipitating a crisis at the state and local levels that would be a wake-up call for the federal government, particularly the Democratic Party. There would also be side consequences of this strategy, according to Cloward and Piven. These would include: easing the plight of the poor in the short-term (through their participation in the welfare system); shoring up support for the national Democratic Party then-splintered by pluralistic interests (through its cultivation of poor and minority constituencies by implementing a national “solution” to poverty); and relieving local governments of the financially and politically onerous burdens of public welfare (through a national “solution” to poverty)[citation needed].

 

 

The strategy

Cloward and Piven’s article is focused on forcing the Democratic Party, which in 1966 controlled the presidency and both houses of the United States Congress, to take federal action to help the poor. They stated that full enrollment of those eligible for welfare “would produce bureaucratic disruption in welfare agencies and fiscal disruption in local and state governments” that would “deepen existing divisions among elements in the big