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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Gov. Frank Murkowski (R) awarded a contract to build the road on Dec. 1, 2006, three days before Palin took office.
Palin could have canceled the contract upon taking office. The governor has that power, said Roger Wetherell, spokesman for Alaska's DOT, and Federal Highway Administration spokesman Doug Hecox said that he could think of "a number of examples" of states canceling projects begun by a previous governor's administration.
Moreover, the fact that the funds had been earmarked for that purpose doesn't mean that the state is forced to use them, Hecox said. The state could opt not to use the money, and Congress has the power to send it to other federal needs.
Alaska has so far used a total of about $41 million in federal funds for the road and related projects, Hecox said.
Reprinted with permission from ProPublica . ProPublica is an independent, non-profit newsroom that produces investigative journalism in the public interest.
Lisa Schwarz contributed research to this article.
© 2008
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