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 !
Palin Admin. Oversaw $26 Million ROAD to ‘Nowhere’
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Palin declared in her acceptance speech she had told Congress, "'Thanks, but no thanks' to that Bridge to Nowhere," adding that if Alaska were to build such a project, the state would do so "ourselves." The campaign did not respond directly when asked by ProPublica whether Palin knew Alaska was still planning to use federal money to connect Ketchikan and Gravina Island.
Today, the McCain campaign issued a statement to ProPublica acknowledging that the project was ongoing and emphasizing that Palin had rejected the most expensive design for the bridge. The statement, however, did not address why Palin had not stopped construction of the $26 million road, which is called the Gravina Island Highway.
"Governor Palin opposed a wasteful, unwise, and irresponsible funding plan that was not the best means for fulfilling the local community's needs," said Maria Comella in an e-mailed statement. "Governor Palin understood that a more cost efficient, sensible solution could still be implemented to satisfy the economic and infrastructural demands of the community. The Department of Transportation is currently evaluating alternative plans to meet these same demands."
Alaska's Department of Transportation is currently analyzing nine different alternatives (six bridges and three ferries), only one of which connects with the recently completed Gravina Island Highway. The only other proposed solution that would use a substantial portion of the road is a bridge with a price tag of about $254 million, said Malcolm Menzies, an Alaska DOT official. The alternatives range from a low cost estimate of $80 million for one of the ferry proposals to about $360 million, Menzies said. CLICK HERE for a map of the access road, the original "Bridge to Nowhere" design and the alternatives being considered by the DOT.
Ketchikan Mayor Bob Weinstein, a Democrat, faults the Palin administration for building the road, which he said some have taken to calling the "road to nowhere." But it would be an excellent site for a footrace, he said. "It's a nice flat road. It'll be perfect for a 10K race. You could be confident there wouldn't be any traffic." Construction is expected to be completed this week.
What became the notorious "Bridge to Nowhere" had its roots in plans to shorten the trip to the airport for tourists and residents of Ketchikan (population 7,400). In 2005, Alaska's congressional delegation won $223 million in earmarks for the bridge, which was expected to ultimately cost $398 million.
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