Showing posts with label global market crisis. Show all posts
Showing posts with label global market crisis. Show all posts

Tuesday, February 23, 2016

Marco Rubio Promotes Welfare And Citizenship For Illegals In Middle of America’s Immigration Crisis

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by JULIA HANN 23 Sep 2015Washington D.C.

As record numbers of Muslim migrants enter the United States, and as a surge of Central Americans swamps our southern border, GOP presidential candidate 

Sen. Marco Rubio (R-FL)

79%

 is using his presidential campaign to promote citizenship for those who come here illegally and take American jobs, benefits and residency.

In a September 21 interview with Fox News host Sean Hannity, Rubio said that within 10 or 12 years — which would be after the U.S. foreign-born population has swelled above 51 million on current trends — “you could have a broader debate about how has this worked out and should we allow some of them [the illegal foreign-born] to apply for green cards and eventually citizenship.”

In a quote provided yesterday to New York MagazineRubio’s spokesman made clear that Rubio’s position on citizenship for illegals has not changed since he worked with President Obama and Senator Schumer on the “Gang of Eight Bill.”

Rubio’s spokesman declared:  “Marco has repeatedly stated — and did so again last night — that he is open to green cards after 10 years.”

A “green card” is the document that entitles foreign nationals to collect welfare, draw Social Security and Medicare, bring their foreign relatives into the U.S., and become voting citizens. In fact, the Obama Administration is currently working to get as many people on green cards as possible to vote before the 2016 election. The Obama Administration refers to green card holders from foreign lands as “New Americans,” echoing Rubio’s campaign theme of a New American Century.

A review of past Rubio comments shows that he is still using the same talking pointsnow as he did in during the 2013 “Gang of Eight” effort to push his citizenship program for illegal entrants into U.S. society.

As Fox’s Bill O’Reilly said at the time upon announcing his decision to endorse Rubio’s amnesty bill:

Senator Rubio told me on the phone today that it would be at least thirteen years– thirteen— before people in the country illegally right now could gain full legal working status and even longer to achieve citizenship.


What Rubio does not tell people is that 10-13 years is the maximum– not minimum– amount of time it would take for illegals to be made voting U.S. citizens under his current amnesty plan.

Rubio’s amnesty plan would give out instant work permits and the first group of illegals could apply for citizenship within just 5 years.

As Democrat Senator 

Sen. Richard Blumenthal (D-CT)

4%

has explained, “The DREAM Act in S.744 [the Rubio-Schumer bill] provides a 5-year path to citizenship.” This directly contradicts the citizenship timeline Rubio has laid out dozens of times in interviews.

Just a few months ago, in a Spanish-language interview, Rubio implicitly reiterated his commitment to 5-year plan to citizenship for illegal minors– or so-called DREAMers. Rubio promised that amnesty for DREAMers would precede securing the border. During the April 2015 interview in Spanish, Rubio admitted he wouldn’t immediately end Obama’s DACA.

As Breitbart News reported in August, after Rubio’s position on amnesty was exposed, “Phyllis Schlafly, architect of the modern conservative movement and tireless opponent of mass immigration, [said that Rubio] should be disqualified from the race for dishonestly saying one thing about amnesty in English [while promoting it] in Spanish.”

The DREAM Act, pushed by Senator Dick Durbin, does not exist in other countries and was designed to create a permanent loophole to U.S. borders. That is, if parents can illegally bring their children, and the children become citizens, then the parents and other relatives can stay too – a similar principle to the anchor baby phenomenon except it is applied to any of the world’s two billion foreign youths who can manage to get inside U.S. borders with their parents before turning 18.

Unlike most Western countries in which all foreign nationals illegally residing in the country are subject to immigration laws, in the United States, DREAM amnesty proposals have effectively carved out a sector of the illegal immigrant population — illegal minors — who are exempt from immigration law.

The Left uses Marco Rubio’s DREAMers as a rhetorical battering ram to break down Americans opposition to amnesty. Dick Durbin, for instance, frequently takes to the Senate floor equipped with props– such as enlarged pictures of carefully selected illegals– and recounts compelling human interest stories to explain why lawmakers ought to waive federal immigration law.

[Maria] spent her vacation time helping people in need… another year she worked with the homeless… she graduated as a valedictorian of her class… America is better if Maria can stay… I cannot understand this mean-spirited political strategy that cannot wait to deport this wonderful, amazing, young woman from America.


Durbin even has a portion of his official Senate website dedicated to “Dreamer’s Stories.” Interestingly, this portion of Durbin’s website makes no mention of the stories of DREAMers such as Hermilo Moralez, who tortured and murdered his American classmate after the classmate had offered to give him a ride home; orEmmanuel Jesus Rangel-Hernandez, who’s suspected of killing “several people in North Carolina, including former ‘America’s Next Top Model’ contestant,” or  Cinthya Garcia-Cisneros, 19, who drove over a 6-year-old and 11-year-old girl and then fled the scene.

Experts explain that once the United States codifies a principle that illegal minors receive amnesty, there can be no resistance to mass immigration. As former USCIS union president Ken Palinkas has asserted, DREAM amnesty “extend[s] birthright citizenship in the future to include the foreign citizens of other countries” and represents a promise of “perpetual amnesty.”

Senator 

Sen. Jeff Sessions (R-AL)

80%

has explained, “It cannot be the policy of the United States that any of the 2 billion people in the world who have yet turn to turn 18 have a right to illegally enter the United States and claim residency.” As governmentreports have documented the American people witnessed the threat DREAM amnesty poses to national sovereignty in 2014 when tens of thousands of unaccompanied minors swarmed the southern border on the promise of amnesty.

Donor class Republicans have similarly latched onto to Durbin’s strategy.

Marco Rubio has been one of the most ardent supporters of DREAM amnesty– a position which led to Eric Cantor’s historic downfall. In 2012, Rubio began work on his own version of the DREAM amnesty.

At the time, Rubio told Fox News viewers that his bill was necessary to “deal with a humanitarian issue. And that these children who entered this country illegally or have overstayed visas illegally, through no fault of their own… These are children, they follow their parents. The parents put them in this predicament.”

These are almost identical to the talking points of Eric Cantor.

Rubio’s plan, as he told CBS’ Norah O’Donnell “would award the kids who meet a certain criteria… a student visa, and thereafter, a work visa,” and it “would then allow them to access the immigration system… in essence if they want to become a green card holder, they would be able to do so.”

As a conservative Hill operative tells Breitbart News, “Every person in Washington who is familiar with Senator Rubio and the business interests managing his image and campaign understand with irreducible clarity that Mr. Rubio’s election would bring with it the guarantee of an immigration agenda so radical that President Obama himself would dare not affix his name to it for fear of overreaching.”

“Therefore,” the operative continued, “The only reason an informed person would cast a ballot for Mr. Rubio would be if she had a strong personal desire to empty her own bank account and split the modest savings between Rubio’s well-heeled donors and the workers that will be imported to take her place.”

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Thursday, January 7, 2016

George Soros Sees Crisis in Global Markets That Echoes 2008

www.bloomberg.com

Global markets are facing a crisis and investors need to be very cautious, billionaire George Soros told an economic forum in Sri Lanka on Thursday.

China is struggling to find a new growth model and its currency devaluation is transferring problems to the rest of the world, Soros said in Colombo. A return to positive interest rates is a challenge for the developing world, he said, adding that the current environment has similarities to 2008.

Global currency, stock and commodity markets are under fire in the first week of the new year, with a sinking yuan adding to concern about the strength of China’s economy as it shifts away from investment and manufacturing toward consumption and services. Almost $2.5 trillion was wiped from the value of global equities this year through Wednesday, and losses deepened in Asia on Thursday as a plunge in Chinese equities halted trade for the rest of the day.

“China has a major adjustment problem,” Soros said. “I would say it amounts to a crisis. When I look at the financial markets there is a serious challenge which reminds me of the crisis we had in 2008.”

Soros has warned of a 2008-like catastrophe before. On a panel in Washington in September 2011, he said the Greece-born European debt crunch was “more serious than the crisis of 2008.”

Soros, whose hedge-fund firm gained about 20 percent a year on average from 1969 to 2011, has a net worth of about $27.3 billion, according to the Bloomberg Billionaires Index. He began his career in New York City in the 1950s and gained a reputation for his investing prowess in 1992 by netting $1 billion with a bet that the U.K. would be forced to devalue the pound.

Measures of volatility are surging this year. The Chicago Board Options Exchange Volatility Index, known as the fear gauge or the VIX, is up 13 percent. The Nikkei Stock Average Volatility Index, which measures the cost of protection on Japanese shares, has climbed 43 percent in 2016 and a Merrill Lynch index of anticipated price swings in Treasury bonds rose 5.7 percent.

China’s Communist Party has pledged to increase the yuan’s convertibility by 2020 and to gradually dismantle capital controls. Weakness in the world’s second-largest economy remains even after the People’s Bank of China has cut interest rates to record lows and authorities pumped hundreds of billions of dollars into the economy. Data this week reinforced a sluggish manufacturing sector.

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