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.
unquote
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 !
The Veep’s Pipeline Push
Email To A Friend
Please fill in the following information and we'll email this link.
A two-year-old letter by Vice President Dick Cheney that pushed a controversial Alaska natural-gas pipeline bill is getting renewed scrutiny because of recently disclosed evidence in the Justice Department's corruption case against Sen. Ted Stevens. In a conversation secretly tape-recorded by the FBI on June 25, 2006, Stevens discussed ways to get a pipeline bill through the Alaska Legislature with Bill Allen, an oil-services executive accused of providing the senator with about $250,000 in undisclosed financial benefits. According to a Justice motion, Stevens told Allen, "I'm gonna try to see if I can get some bigwigs from back here and say, 'Look … you gotta get this done'." Two days later, Cheney wrote a letter to the Alaska Legislature urging members to "promptly enact" a bill to build the pipeline. The letter was considered unusual because the White House rarely contacts state lawmakers about pending legislative matters. It also angered state Democrats, who accused Cheney of pushing oil-company interests. The former executive director of Cheney's energy task force had gone to work as a lobbyist for British Petroleum, one of three firms slated to build the pipeline.
Stevens confirmed to NEWSWEEK last week that he asked Cheney to write the letter. "We wanted the federal government to tell the state to act quickly on it," he said. (A spokesman for Alaska's other senator, Lisa Murkowski, said her office also had contacts with Cheney's office.) A Cheney spokeswoman said his office does not comment on pending legal matters.
In the motion, prosecutors said they want to show that Stevens, who has pleaded not guilty, used his political clout to benefit Allen's business interests while the oil exec was paying for renovations on the senator's home. As an example, the motion points out that Stevens discussed contacting the Federal Energy Regulatory Commission about the pipeline; soon after, FERC issued a report on the project "similar to the message delivered by Stevens." But the Justice motion made no mention of Cheney's letter. A department spokesman did not respond to requests for comment about why prosecutors did not also include the letter or whether they expect Cheney to come up at Stevens's trial, now slated to begin next month.
© 2008
Discuss