The Wall Street crisis was planned the night of Obama's meeting at Bill Ayres home to put Obama in The White House. Together they put a beautiful plan into place.
This Strategy was first elucidated in the 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 an 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.
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Obama begin with ACORN by funneling millions into their organization. He then trained ACORN to stage protests in banks to force them to issue risky loans or they would be threatened to face racial charges. ACORN was trained to intimidate financial institutions into giving ???Ninja??? loans to people with NO assets, NO job and NO income, who couldn???t afford these loans.
That caused the housing bubble two years ago it was by ACORN's actions they were able to destroy our credit system.
As this played out, D-Barney Frank and D-Chris Dodd were able to cover up the millions of improvident loans to these bad risky house buyers. And Barney Frank and his chums successfully were able to block all of President Bush's attempts to put a rein on this problem.
So Fannie & Freddie was forced to purchase all these failed subprime mortgages.
Then both Frank and Dodd denied that there were any problems, and refused the Bush Admin. requests to set up a regulatory agency to watch over Fannie Mae and Freddie Mac, and they were still pushing for these agencies to go even further in promoting sub-prime mortgage loans almost up to the 'minute they failed'.
Democrats then blamed Bush saying it happened on his watch knowing it would hurt the Republican Party in the election setting it up that Barack Obama could use this to his advantage.
Karl Marx once compared a Revolutionary struggle with the work of the mole, who sometimes burrows so far beneath the ground that he leaves no trace of his movement on the surface.
Barack Obama is that Marxist mole !
What Happened? How Should I Know?
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"War and Decision"
By Douglas J. Feith
April 2008
Tender Love: Feith defends Bush mostly by bashing the CIA for its WMD intelligence failures and by pointing out, in essence, that the commander in chief's job is extremely hard. "Historians will find that President Bush ... wrestled analytically and seriously with difficult problems, many of them without precedent."
Scott McClellan
White House press secretary, 2003 to 2006
Tough Talk: The first true innercircle defector, McClellan drubs the Bush administration, writing that it "confused the propaganda campaign with the high level of candor and honesty so fundamentally needed to build and then sustain public support during a time of war."
"What Happened"
By Scott McClellan
May 2008
Tender Love: McClellan is considerably less hard on Bush as a person, describing his former boss as "a man of personal charm, wit and enormous political skill" who "did not consciously set out to engage in these destructive practices." He defends his critical words, writing that his loyalty to the Bush administration is trumped by his loyalty to the truth.
© 2008
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