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 !
Palin Admin. Oversaw $26 Million ROAD to ‘Nowhere’
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A campaign led by Sen. Tom Coburn (R-OK) to redirect the funds to a New Orleans bridge damaged by Hurricane Katrina failed. But Congress amended the legislation allowing most of the money to be used for any transportation project in Alaska.
For reasons that remain unclear, the bill left intact language requiring that $48 million be spent on "earthwork and roadway construction" for the Gravina Access Project.
According to Menzies, the Alaska DOT official, that meant the money could only be used to build projects directly associated with the $398 million bridge. The only alternative, Menzies said, was to return the money.
"I don't think there was any discussion about that," he said.
Such an attitude is typical of state DOTs, said Ashdown. They'll "move heaven and earth to make sure they can spend every dime given to them from the federal government through earmarks."
Menzies, however, argued that the road was not a waste. Even if it led to an empty beach, the road would help open the sparsely populated Gravina Island to development. And when it came to Alaska, "'nowhere' is a relative term," he said. "All of our roads to nowhere because they end in wilderness. That's just the way of Alaska."
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