Welcome to the weekly roundup of great articles, facts and figures. These are the weekly finds that made our eyes pop.
Ideas for Sale
Did you know Charles Koch, the infamous founder of various think tanks who spew economic fiction daily in order to destroy the U.S. middle class and social safety nets, promised Friedrich Hayek U.S. social security benefits in order to visit the United States and craft policy to destroy social security? We kid you not. Dylan Ratigan covered the story in the below video clip:
The Study That Brought Rick Perry Down
We all know Rick Perry has dropped in the polls after his positions on foreign guest workers and illegal immigrants came to light. Read the Center for Immigration Studies report on Texas job growth which brought Perry down.
Of newly arrived immigrants who took jobs in Texas since 2007, we estimate that 50 percent (113,000) were illegal immigrants. Thus, about 40 percent of all the job growth in Texas since 2007 went to newly arrived illegal immigrants and 40 percent went to newly arrived legal immigrants.
While the conservative rags jumped on this report, more interesting, so did the left. Why is the Center for Immigration Studies research just fine and dandy when their results are bringing down a GOP candidate, but when CIS points out jobs are being taken by illegals nationwide, they are dismissed as a bunch of racist xenophobes. We've checked CIS's data and methods and so far, have not found an egregious error or assumption.
Illegals Flee Alabama
Who could forget CA representative Zoe Lofgren claiming illegals just didn't know they were committing ID theft, yet the day Alabama's draconian illegal immigration law goes into effect, illegals flee the state?
Hispanic students have started vanishing from Alabama public schools in the wake of a court ruling that upheld the state's tough new law cracking down on illegal immigration.
Education officials say scores of immigrant families have withdrawn their children from classes or kept them home this week, afraid that sending the kids to school would draw attention from authorities.
Insult to Injury, Banks suing Homeowners Who Were Foreclosed On
Lose your house, lose your credit, now banks are coming after you anyway:
Joseph Reilly lost his vacation home here last year when he was out of work and stopped paying his mortgage. The bank took the house and sold it. Mr. Reilly thought that was the end of it.
In June, he learned otherwise. A phone call informed him of a court judgment against him for $192,576.71.
It turned out that at a foreclosure sale, his former house fetched less than a quarter of what Mr. Reilly owed on it. His bank sued him for the rest.
More Firing of Whistle Blowers
The investigators were able to uncover what they believed was evidence that branch employees had used scissors, tape and Wite-Out to create fake bank statements, inflated property appraisals and other phony paperwork. Inside the heaps of paper, for example, they found mock-ups that indicated to investigators that workers had, as a matter of routine, literally cut and pasted the address for one home onto an appraisal for a completely different piece of property.
Karl Marx Was Right
Ah, the mere mention of Karl Marx usually throws conservatives into a tizzy like a Pavlovian dog. Let's see what the bell rings up with this one:
Karl Marx may have been wrong about communism but he was right about much of capitalism.
Dr. Doom Has Been Usurped
If the United States continues to allow jobs to be offshore outsourced, doesn't confront China on currency manipulation, doesn't enact a direct jobs program and a host of other issues, the analysis maybe true. Yes folks, after a while, destruction of the middle classes will bring down a national economy.
More Food Stamp Factoids
The Wall Street Journal has some more statistics on food stamps. This one I found most interesting:
Just 6.7% of households who received food stamps were getting jobless benefits
Glimmer of Hope on Stopping Bad Trade Deals
The Hill is reporting both Nancy Pelosi and Harry Reid don't want more bad trade deals:
Reid has vowed to vote against all three deals when they arrive on the Senate floor, possibly as early as next month.
"I am not a big fan of free-trade agreements," Reid said on the Senate floor in June. "My voting record is in accordance with that."
Don't hold your breath (although write your representatives). The fact these bad trade deals are being brought to the floor at all for a vote says everything. Reid, as Senate Majority Leader could block them from even coming up to the Senate floor.