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 !
Obama's False Medicare Claim
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But it is false logic to conclude that Medicare benefit cuts would be McCain's only option should his promised savings fail to materialize. McCain could simply run up the deficit. Or he could choose to water down his health care plan to make it less expensive.
It is certainly possible that McCain will break his promise not to cut benefits, just as it is possible that Obama will break his promise to raise taxes only on families making over $250,000 a year. We have no crystal ball, and we don't pretend we can predict the future. But for Obama or American Progress to state as a matter of fact that McCain will be forced to cut benefits, or that he is proposing any such thing, is simply a falsehood designed to frighten elderly voters
Republished with permission from factcheck.org.
Sources
Meckler, Laura "McCain Plans Federal Health Cuts: Medicare, Medicaid Spending Would Be Reduced to Offset Proposed Tax Credit" Wall Street Journal 6 Oct 2008.
Harbage, Peter; Davenport, Karen and Whelan, Ellen-Marie "McCain's Latest Health Care Strategy; Now his health plan requires deep benefit and eligibility cuts in Medicare and Medicaid" Center for American Progress Action Fund 7 Oct 2008.
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