Posts Tagged ‘Wall Street’

What’s Wrong With Hillary Clinton’s Economic Plan? Plenty, But Here’s The Bottom Line

August 11, 2016

So Hillary Clinton’s basic economic pitch is that she is going to “level the playing field” by punishing Wall Street and big businesses and allowing all those horrible profits to be shared by the American people.  And it will be oh, so good for us and oh, so bad for those terrible, greedy, evil Wall Street firms and corporations.

Sounds good.  At least it sounds good to people who either aren’t that honest, or aren’t that bright, or are neither honest nor bright.

For one thing, Hillary Clinton has taken more filthy, greedy money from Wall Street than ANY politician in the ENTIRE HISTORY OF THE WORLD has EVER taken.  To express it in the form of a headline, “Clinton is the Wall Street candidate based on donation figures.”  Hillary Clinton has been bought and paid for by Wall Street.   She was paid millions – a total of at least $153 million with a shocking percentage coming not only from foreign entities but from the worst rogue nations on planet earth – to give speeches and Wall Street was one of the top U.S. entities.  And recordings or transcripts those Wall Street speeches, unlike any national security secret which she treated with cavalier disdain, are top secret classified never to see the light of day.  Even the leftist-oriented Huffington Post puts it this way: “Release of Clinton’s Wall Street Speeches Could End Her Candidacy For President.”

Hillary Clinton was paid MILLIONS to tell Wall Street what her presidency would do to benefit them.  She made very sure that all reporters were BARRED from her speeches to Wall Street firms.  Why did she do that???  She allowed NO RECORDING DEVICES other than her own recording for her own use which of course is in a vault somewhere.  Why did she do that???  And lastly, when Hillary Clinton was a Senator from New York, she was “hands off” on Wall Street in spite of the fact that Wall Street happens to be in HER state where SHE should have been in control of regulating what they did in HER district.  But she never bothered.  Why do you seriously believe she will bother now when our enemies can find out every single national security secret Hillary Clinton knew, but NOBODY can find out so much as a single word she said to Wall Street in speeches that she was paid as much as $675,000 to give???  She wouldn’t even allow PLACARDS on tables for fear that a photo might leak and the American people could see an image of who Hillary Clinton was being paid MILLIONS of dollars to talk to.  Why would she do that???

A Wall Street pay-to-play player said, “It was pretty glowing about us,” one person who watched the event said. “It’s so far from what she sounds like as a candidate now. It was like a rah-rah speech. She sounded more like a Goldman Sachs managing director.”  And that’s exactly why we will NEVER hear her speeches as she betrays the American people and betrays as a lie every single thing she now says in her campaign rhetoric.

Hillary Clinton has proven herself more than any politician who has ever LIVED that she will be a crony capitalist fascist who will do insider deals with those who offer her something in return.  She will sell out the American people for a nickel if that’s the going rate.  You can absolutely trust Hillary Clinton to sell out your interests for larger, more powerful interests every single time.  That is simply the story of her life.

The notion that this candidate is going to actually reform Wall Street in a way that would benefit anyone but Wall Street is so beyond laughable that it is beyond unreal.  You literally have to be a fool to believe that.  Mind you, there ARE plenty of intellectuals who are just such fools indeed.  Famous prophetic novelist George Orwell said, “There are some ideas so absurd that only an ‘intellectual’ could believe them,” because no ordinary man was capable of being such a fool.”   And the point he was making is that these people live in a giant ivory tower vacuum and none of their ideas actually have to ever be proven or even be provable in the real world to be believed.  They live in a world of theories, not in a world of facts.  They build nothing and have no grasp whatsoever on how TO build anything.  They are nothing more than eloquent ideologues consumed by hidden agendas.  Whereas people who must face reality every single day can never be so disconnected from the truth because unlike the intellectuals they would STARVE in the COLD.  I came across a meme on Karl Marx that ought to be illustrative how such foolishness contaminates minds:

Karl Marx

Why one earth would not merely millions but BILLIONS believe so passionately in the theories of this man, who had never in his lifetime actually produced ANYTHING in the actual, real world and whose theories have failed in every single “laboratory of reality” in which they have EVER been tried???

Karl Marx was precisely one of the fools that the great author of 1984 and Animal Farm was describing.  In  fact, both books were written by a horrified Orwell as he contemplated totalitarian socialism.  The Marxist theory continues because of the sheer, ponderous weight of all the other ivory tower egghead fools who have absolutely no grasp whatsoever of actual reality.

Hillary Clinton is another such fool.  She accomplished exactly NOTHING in spite of her so-called record of accomplishment.   Even her own State Department had to REDACT her list of “achievements.” 

But as bad as that indictment of Hillary Clinton is, that actually isn’t the “bottom line” fallacy that I am describing regarding Hillary Clinton’s economic plan.  I merely cite that to try to undercut her own claims and the claims of other fools on her behalf.  Just realize that the pile of intellectual manure that is laid out comes from the minds and the belief-systems of the very worst form of fools whom no ordinary man could ever be capable of becoming because they are forced to deal with actual real-world realities that prevent them from ever being such fools.

So what is it that I am describing about what is so truly wrong with Hillary’s plan???

It boils simply down to this: Hillary Clinton is saying she will tax and regulate and force Wall Street to be more “fair” or more “just.”  And ignorant people believe that any regulation or tax or coercion on the part of government must surely be a good thing.

That’s where the bait-and-switch takes place.

What you need to understand is that Wall Street and mega-big corporate business actually WANTS higher taxes and punitive regulations and difficult compliance benchmarks.  That sentence very likely shocks you and your mind may say, “No way!”  But let me explain and hopefully you will agree with me when I lay it out.

I googled the phrase “percentage of jobs created by small businesses” and got this result:

According to the SBA’s Office of Advocacy: “Small firms accounted for 63 percent of the net new jobs created between 1993 and mid-2013 (or 14.3 million of the 22.9 million net new jobs). Since the end of the recession (from mid-2009 to mid-2013), small firms accounted for 60 percent of the net new jobs.

So you need to simply first understand that Wall Street and mega-big business are in direct competition with small businesses.

The second thing you need to understand is the crony-capitalist mindset that invariably prefers a larger share of a smaller piece of the pie than a much smaller share of a much larger piece of the pie.  Every truly awful leader understands and exemplifies this mindset, with Kim Jong-un being possibly the very best example.

Let me show you a couple of satellite images of North Korea at night compared to South Korea at night to drive home my point:

North Korea at night 1

North Korea at night 2

South Korea is far more like what Republicans envision where laissez-faire free market enterprise is allowed to flourish; North Korea is far more like what the Democrats envision of a State-controlled economy.  Guess which one ends up being DARK AT NIGHT because THERE’S NOTHING.

And you say, why on earth would they want that?  Why wouldn’t they want a more open and free economy where they have less power, but far more is actually produced and it is better for all the people?  And the simple answer is, “Because they wouldn’t have as much control and as much power.”

The word “fascism” comes from the Roman/Latin word, “to bundle together.”  The image was of a bundle of sticks with an axe head protruding, the concept being that when the people are all bundled together, there is power.  And of course, who controlled that bundle?  The State, the emperor.   That is what the Democratic Party wants: they want to bundle us together like sticks, so that THEY and THEY alone can control the bundle.

There’s a line from Milton’s Paradise Lost that I always remember: when Satan says, “Better to rule in hell than to serve in heaven.”  That’s the mindset of the left: better to have totalitarian rule over a small, impoverished economy than to be a smaller, weaker part of a large, powerful economy.

That is the quintessential essence of progressive liberalism: they want the power to dictate; they want to have the power to determine who wins and who loses, who pays and who receives, who is taxed and who is tax-exempt.

And what about Wall Street and what about the giant corporate entities.  Don’t they just want more profit for their shareholders?

You need to understand: what if we allowed small business to truly flourish?  What would happen to the market share of those great big giant corporate entities and the Wall Street that I’ve already established and documented owns Hillary Clinton and flourishes off of trading those giant corporate entities???

Now let me ask you a follow-up question: which would have an easier time paying higher taxes, great big corporations or small business owners???  Think about this and ANSWER it before you go on: who has an easier time coming up with an extra ten, twenty thousand dollars???  Who is going to be hurt more: the big corporation or the little business?  Let me go on: which would have an easier time complying with a dizzying array of regulations and compliance burdens and costs???  Would the great big corporation or the small business owner have an easier time hiring a full-time compliance officer???

When you actually THINK about it, these are no-brainers.  Just as it is a historic no-brainer that tax cuts increase revenues and have ALWAYS increased revenues as businesses are allowed to keep more of their own money and expand and grow and it is ultimately good for everyone in the form of more wealth and more opportunity for all.

It is BEYOND OBVIOUS that that great big business has a considerably easier time dealing with the increased costs imposed by Democrats than the small business owner.

Small businesses are CRIPPLED by these costs.

Which is why entrepreneurship is at an all-time low because of the Obama administration.

Which is why new small business start-ups are at an all-time low because of the Obama administration.

Our labor participation rate – the measure of the percentage of working-age Americans who actually have a damn JOB – is basically at the lowest rate in history, given that in 1977 which is the last time it was as low as Obama has made it now, we had far more stay-at-home moms as dad went off to work.  A hundred million working-age Americans AREN’T.

Home ownership has declined to its lowest level in 51 years under Obama.  Which like the labor participation rate is basically in the entire history of the statistic being kept.

You find that under Obama, the rich got way, WAY richer and everyone else got poorer as the income gap soared to heights we’ve never seen.  Even Bernie Sanders got that.  And Politifact was forced to agree that under Obama things are worse than they’ve ever been going back to the damn 1920s.

HuffPo has an article titled, “Middle Class Jobs, income, Quickly Disappearing.”  The New York Times says, “Middle Class Shrinks Further as More Fall Out Instead of Climbing Up.”  MSNBC has an article titled, “The Vanishing of the Middle Class.”

These aren’t right-wing sources.  And if they WERE actually FAIR they would depict their articles the way they would if a REPUBLICAN were in the White House, a la “Obama’s War on the Middle Class: The real story behind “hope” and “change.”

This Forbes article probably best nails the dilemma that Obama and the Federal Reserve that is struggling to monetize Obama’s failed policies have placed the United States in.

These are things called facts and I am explaining to you precisely WHY they are facts.

It is like this by design.  You’ve been sold out.  Obama was bought and sold and Hillary Clinton is more bought and more sold than any human being who ever lived.

Over the last eight years, Barack Obama – and now Hillary Clinton is actually promising to do even worse for another eight years- and those under them who control the “bundle of sticks” that we all now ARE thanks to these policies have sold our collectivist souls to the devil.

Let me get back to that all-telling statistic involving entrepreneurship and new business start-ups being DESTROYED by this president like we have never seen.

Would the market share of the giant firms go up or down if the smaller businesses were allowed to actually be unleashed as they were allowed to keep more of their profits and put those profits back into their businesses and be forced to comply with fewer stupid regulations that incur thousands of hours of compliance paperwork???  And the answer is that the pie would grow larger, but the Wall Street- and the corporate-share of that pie would grow much smaller as small businesses grew and grew and grew and were ultimately large enough to become big players themselves.

So let me just quickly lay it out for you: when a Barack Obama or a Hillary Clinton – who are owned lock, stock and barrel by Wall Street and by the mega-corporations – gets into power, they create laws and taxes and regulations and compliance factors that they invite the great big giant entities to write on a pay-to-play basis.

And the biggest players write the laws to shut out their smaller competition, understanding that if they can strangle those smaller businesses and stop them from being able to build and grow and compete with them, that they will get to remain at the top of the heap for decades, even for generations.

The economic purpose of the Democrat Party is to ensure that the very biggest players remain the very biggest players and the smaller competitors are never truly allowed to compete.  The giant Wall Street and corporate dinosaurs don’t want that smarter, more agile mammal to come along and eat their eggs and finish off their road to extinction.  No.  they will continue to maintain the Democratic Party as the engine to maintain the status quo so that that new mammal can never evolve to threaten them.

If you elect Hillary Clinton, you WILL get more of the same; you WILL get a smaller pie with the largest players – who each paid the system for the privilege of remaining the largest players – having the giant share.  And you WILL get fewer jobs, fewer opportunities, and lower wages as a result.

THAT is what is wrong with Hillary Clinton’s economic plan, just as it was wrong with Obama’s economic plan.  Because it’s the same damn tired plan that is nothing more than a watered-down version of Marxism.

 

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The Hypocrite Chutzpah Of Hillary Clinton And Every Fascist Who Supports Her

April 21, 2016

Came across an article that just made me start laughing.  Here’s how it ends:

The speech in 2013 was one of three Clinton made on behalf of Goldman Sachs. According to public records, Clinton gave 92 speeches between 2013 and 2015. Her standard fee is $225,000, and she collected $21.6 million dollars in just under two years. Clinton made 8 speeches to big banks, netting $1.8 million, according to a CNN analysis.

There is nothing illegal or unethical about former Secretaries of State earning money on the speaking circuit. And according to sources in the industry, there is nothing unusual about someone with the name value of Hillary Clinton being able to charge so much.

The standard fee and her demands are outlined in a memo from the Harry Walker Agency in New York.

According to the memo, Clinton requires travel by private jet, and even specifies that she prefers a Gulfstream 450 or larger. Her staff requires first class and business class tickets. And two members of her staff require up to three days on site to prepare, with all local transportation and meals included.

The memo states Clinton should be booked into a presidential suite with up to three separate rooms attached.

Clinton also requires a flat fee of $1,000 to pay for an onsite stenographer to record everything she says. However, Clinton is not required to provide the host with a copy, according to the memo.

Costs associated with her demands are on top of her speaking fee.

The speeches have been shrouded in privacy. Her staff has limited photographs and at times even confiscated cell phones. Attendees of some Clinton speeches complained vocally on social media that they were told to turn their phones off — no photos, no live tweeting.

In the summer of 2013, Clinton spoke before a major convention of human resources executives. The group had previously hosted speeches of Colin Powell and Condoleezza Rice, both former Secretaries of State. John Hollon, an editor for an online trade journal attended both, and tried to attend Clinton’s speech. He says he was kicked out due to Clinton’s request for no media.

“This is the only time in 10 or 11 years of going to to the annual event, which is the biggest human resource event of the year, the only time they have banned press from any speaker,” said Hollon.

There was no reason given, he says. The Society for Human Resource Management, the host of the event, told CNN: “All keynote speakers come with some requirements.”

—————————————————

There’s nothing on any of those transcripts that would ever get Hillary in any trouble.  As long as nobody who has a shred of integrity is never allowed to ever see them.

And strangely enough the same media that sent reporters to fly to Alaska to dig through Sarah Palin’s trash and published all of her emails and begged readers to help them find any dirt they could use to demonize her; the same media that has steadfastly refused to try to produce Obama’s college records that Obama for some reason spent $2 million to suppress (that prove he applied as a foreign exchange student) or the video of his evening celebrating terrorist Rashid Khalidi (that document Obama is a terrorist sympathizer); that same media somehow oh-so-strangely can’t find any trace of any of Hillary’s 92 speeches.

So 92 Shakespearean oratories for which she received about twenty-two million bucks and the mainstream media can tell you what Sarah Palin had for lunch because they have the contents of her garbage can to prove it.

They can’t find a single one of those speeches that would make Hillary Clinton unelectable when the same damn media INVENTED records when they needed to in order to falsely demonize George W. Bush.

You’re not going to know the truth about what this wicked liar said.  The media have already circled the wagons.

And for the record, even when it is a documented FACT that Hillary lied to the level of outright treason against the American people over a foreign policy scandal, the dishonest left couldn’t give less of a damn.  Truth only matters to a people capable of valuing the truth.  Which is why we’re in the mess we’re in today – and why that mess is going to get so much worse.

Okay, so let’s rephrase this in terms that liberals would instantly understand if they weren’t THE WORST HYPOCRITES WHO EVER ROACH-CRAWLED ACROSS PLANET EARTH:

She betrayed everything she publicly professes to believe in 92 times, which at least means she didn’t completely sell out a hundred times.  So you can’t say with complete accuracy that she’s a sell-out a hundred times over, unless you factor in all the OTHER damn ways she sold out, such as all the financial shenanigans of the Clinton Foundation (see here and here for example).  In which case she’s a sell-out fraud about a billion times over.  There was Haiti, where the Clinton Foundation fraud began practically from the moment the earthquake shook.  They exploited the sheer appalling incompetence of the United Nations that Chelsea described in an email in order to push THE MOST wasteful of projects to line their pockets and of course in order to line the pockets of their circle of crooks.  And let’s not even mention those absolutely and utterly detestable foreign governments that bribed the Clintons.  There’s nothing to say because there’s absolutely no possible defense other than shameless corrupt greed.

It’s just a FACT: Hillary Clinton is CORRUPT.  Hillary Clinton IS FOR SALE:

WASHINGTON — It’s not just Wall Street banks. Most companies and groups that paid Democratic presidential candidate Hillary Clinton to speak between 2013 and 2015 have lobbied federal agencies in recent years, and more than one-third are government contractors, an Associated Press review has found. Their interests are sprawling and would follow Clinton to the White House should she win election this fall.

The AP’s review of federal records, regulatory filings and correspondence showed that almost all the 82 corporations, trade associations and other groups that paid for or sponsored Clinton’s speeches have actively sought to sway the government — lobbying, bidding for contracts, commenting on federal policy and in some cases contacting State Department officials or Clinton herself during her tenure as secretary of stat

Corporations are evil, liberals tell us.  Unless, of course, the corporation is something like Solyndra (and see also here).  Even as it takes half a billion dollars of Obama money and produces nothing and leaves us with nothing but even more giant debt for the people to repay as the executives fly off with Hillary in her Gulfstream and bribe her by paying for a “speech.”  Liberalism is crony capitalism, which is another term for “fascism.”  Liberalism is using the raw force of government to pick who wins and who loses, pure and simple.

Don’t expect anything but hate from a Democrat if you actually produce a damn product that people truly NEED.  I used to see people driving around in cars with idiotic slogans demonizing the oil that actually makes them go and I just wish I had a rocket launcher on me.  Now, of course, instead I see these self-righteous turds driving electric cars that require more than TWICE the carbon pollution to build than a gas car, run on energy that came from polluting sources, and end up contaminating dumps with toxic-chemical-oozing batteries.  And I STILL want that rocket launcher.

Hillary demands a private jet because she truly despises planet earth.  She demands a Gulfstream 450 or larger, because it will murder Mother Earth more quickly.  You simply need to understand: these fascists don’t give ONE FLYING DAMN about climate change, other than the fact that they can exploit it and demagogue it and make a lot of millions of dollars demonizing people who don’t spew one TRILLIONTH as much global warming gasses as these pompous pollution bags do.

And she needs all those millions of dollars explaining at secretive coven-gatherings how she’ll help the filthiest of the filthy-rich because that’s how she can afford to turn every light on and run every appliance at all of her giant palatial mansions.

Because little people need to live miserable, deprived lives so liberal elites can have everything and feel good about their service to the environment.  You know, the way Obama and Biden welched on charitable giving because they prefer to force OTHER people to have their incomes seized by taxes imposed by people who don’t give SQUAT of their own money.

It’s kind of funny: at his VERY BEST, Obama gave about HALF of what the hated George W. Bush gave as a percentage of income; AND THEN LO AND BEHOLD THAT MEASELY HALF WENT TO NEXT TO NOTHING AFTER OBAMA GOT RE-ELECTED.  But liberalism is all about the celebration over forcing other people to do, never in actually doing their damn selves.

So we reminisce on how Romney got savagely demonized for the effective tax rate that he paid; and the same people who demonized him don’t even bother to cover their mouths as they yawn at the fact that the tyrant king of all other-people’s-wealth-redistributionists pays a LOWER RATE THAN THE GUY THEY DEMONIZED.  Because being a liberal means “It’s NEVER fascist when WE do what we demonize YOU for doing!”

Moral Standards-Hypocrite

Hillary and her staff of lesbian Satanists receive presidential suite accommodations whenever they board their climate-killing private jets to sell-out to Wall Street greed merchants.  Because to flaming-hot-fiery HELL with this “we represent the little guy” crap, at least until we speak our platitudes to propagandists masquerading as “journalists” who will spread the lies to the unwashed, ignorant masses.  It’s actually kind of laughable to consider that four yeas ago Mitt Romney ran for president and his wealth was used against him like a baseball bat smashing his face by people who are completely lacking in honor or honesty or decency or sincerity or virtue or integrity whatsoever.  And the same kind of people voted out their hypocrisy.  And yeah, it’s always amazing how money somehow doesn’t matter when a John Kerry marries a billionaire heiress because it only matters when a John McCain marries a millionaire heiress.

Watch Hillary make Trump’s wealth a campaign issue in spite of her her multi-million dollar mansions in Georgetown and Chappaqua and her jet-setting lifestyle of the rich and shameless.  Because to be a Democrat is to live in the perpetual state of Orwellian Two Minutes Hate for whoever you’re told to hate.  And it doesn’t matter to you that the people you’re told to hate are frankly better than the people who tell you to hate them.

The speeches are shrouded in privacy.  Because Hillary Clinton is a worse fascist than Hitler was.  Her staff limits photographs.  Because a) Hillary Clinton is a worse fascist than Hitler was and b) it requires special techniques for vampires to appear on film.  Her staff confiscates cell phones.  Because a) Hillary Clinton is a worse fascist than Hitler and b) her unaltered voice murders puppies.

In order to hear a Hillary Clinton speech you must take the mark of the beast on your right hand or on your forehead.  Oh, and fork over $225,000 check payable to “Lucifer.”

And yeah, as often as Hillary tries to weasel out of providing the transcripts of her speeches [that she charged the filthy-rich Wall Street oppressors $225,000 a pop plus lavish expenses] under the pathetic excuse that lots of other Secretaries of State who HAVE NEVER RUN FOR PRESIDENT should first pose naked so the leftist propaganda can bait-and-switch change the subject to what somebody WHO HAS NEVER RUN FOR PRESIDENT SAID, this fact remains: Hillary Clinton is a demonstrably more paranoid, manipulative, secretive Nazi fascist than all of the other ex-officials who ever gave a speech COMBINED.

So please vote for Hellery. Because you need to do that to “upgrade” yourselves to a hotter place in hell.

The Sheer Hypocritical, Cynical VILENESS Of The Democrat Party On Display In The Government Shutdown

October 3, 2013

As we speak, the polls show that people blame Republicans more than Democrats for “shutting down the government.”

The people believe a lie: Republicans are shutting down OBAMACARE; it is the DEMOCRATS who are shutting down EVERY OTHER PART OF GOVERNMENT.  As I will document below.

But first let me talk a little about “the people” and “the polls.”

Founding Father John Adams put it thus:

“Our Constitution was made only for a moral and religious people. It is wholly inadequate to the government of any other.”

I have long given up on the American people as a good or decent people.  We have crossed the moral Rubicon and we are going down.  That is why we are following the world – and particularly socialist nations/regions such as Europe has been – rather than following our Constitution.  And we are going to pay for our national wickedness.  The Bible doesn’t mention the United States in the last days because America will either have become so diminished it no longer matters, or because it will soon outright collapse as a viable nation.

That’s why the polls are pretty much irrelevant to me these days.  Bad people believe lies and want bad things and vote for bad things and bad people ultimately perish because of all the bad things that they have surrounded themselves with.  That’s why we can point to all the cultures and nations that have risen to glory and perished ignominiously throughout history  as their people “fundamentally transformed” into BAD people.  Today we have a media that is so propagandist and so ideologically biased that it is beyond unreal who outright lie to the American people, and we have an American people who are becoming – if they have not already become – a bad people who prefer lies to the truth.

So if the polls say that people blame Republicans more than Democrats or Obama for the government shutdown, I couldn’t care less.  Because these are the same sort of people who were once screaming, “Give us Barabbas!” (Luke 23:18), and “Crucify Him!” (Luke 23:20) when Jesus was offered to them by a feckless Pontius Pilate and his big government who were desperate to appease the days’ “Occupy” mob.

I couldn’t care less about the opinion of such people.  And while it may shock me as much today that the people have become so toxic just as it would have shocked me in Jesus’ day that the people had become so toxic, I care about TRUTH and the FACTS.

So let’s consider the facts as to how the Democrats are conducting themselves.

First, let’s consider Democrat Senate Majority Leader Harry Reid who demonized Republicans as killing children with cancer because the NIH was going to have to shutdown services.  But then the TRUTH comes out that Republicans were only too-willing to fund the NIH BUT THAT IT IS HARRY REID WHO IS KILLING CHILDREN WITH CANCER JUST SO HE CAN ACCUSE REPUBLICANS OF KILLING CHILDREN WITH CANCER:

Senate Majority Leader Harry Reid is blaming Republicans for the National Institutes of Health turning away cancer patients. But when asked why the Senate wouldn’t try to help “one child who has cancer” by approving a mini-spending bill, he shot back: “Why would we want to do that?”

Consider this exchange between Harry Reid and CNN correspondent  Dana Bash:

“If you can help one child, why won’t you do it?” asked CNN reporter Dana Bash.

“Why, why, why would we want to do that?” countered Reid.

“I have 1100 people at Nellis Air Force Base that are sitting home,” because of government employee furloughs, he told Bash and a roomful of other journalists. “They have – they have a few problems of their own.”

“This is – to have someone of your intelligence suggest such a thing maybe means you’re as irresponsible and reckless.”

The CNN correspondent had challenged Senate Democrats’ earlier lament that clinical trials for pediatric cancer therapies were among government services cut off Monday at midnight. The two houses of Congress, run by opposite parties, were unable to agree on the terms of a continuing resolution to fund the government in its new fiscal year.

“You all talked about children with cancer unable to go to clinical trials,” she began. “The House is presumably going to pass a bill that funds the NIH. Will you, at least, pass that? And if not, aren’t you playing the same political games that Republicans are?”

House Republicans have pressed forward with a collection of six legislative proposals to independently fund specific portions of the federal government through the length of the shutdown.

Why are 1100 people at Nellis Air Force Base siting at home?  Republicans have offered to fund the Air Force.  The fact of the matter is, those 1100 people are sitting at home because Democrats refuse to ALLOW them to go back to work.  Just so they can demonize the Republicans for keeping them sitting at home.

But of course that’s not anywhere near the worst of Harry Reid’s dishonesty: Democrats are so vile that they accuse Republicans of killing children when DEMOCRATS ARE KILLING CHILDREN WITH CANCER JUST SO THEY CAN SLANDER AND DEMONIZE THE GOP.  And when one correspondent had the guts to challenge the Democrats about their lies, well, they treated her like she was some hybrid between Fox News and the GOP (more on Democrats’ unhinged demonic slandering of their opponents later).

Democrats are terrible, wicked, evil, demon-possessed human beings.  And those are facts.

In the same way, Republicans are perfectly willing to fund things like the World War II monument.  And do you know that such monuments have NEVER BEFORE been targets in ANY of the previous seventeen government shutdowns before?  Take for example the Lincoln Monument; it has NEVER been shut down before because we’ve never had a “president” so cynical and so demonic that he would be so deliberately vindictive.  But that’s what we have now.  That’s because Democrats have never been so willing to sink so low in their effort to hurt as many people as possible just so they could blame Republicans for the damage that DEMOCRATS are causing.

Don’t believe me?  Believe the Washington Times:

The Park Service appears to be closing  streets on mere whim and caprice. The rangers even closed the parking lot at Mount Vernon, where the plantation home of George Washington is a favorite tourist  destination. That was after they barred the new World War II Memorial on the Mall to veterans of World War II. But the government does not own Mount Vernon; it is privately owned by the Mount Vernon Ladies’  Association. The ladies bought it years ago to preserve it as a national  memorial. The feds closed access to the parking lots this week, even though the  lots are jointly owned with the Mount Vernon ladies. The rangers are from the government, and they’re only here to help.

“It’s a cheap way to deal with the situation,” an angry Park  Service ranger in Washington says  of the harassment. “We’ve been told to make life as difficult for people as we  can. It’s disgusting.”

Yeah.  Democrats are DISGUSTING.  Because it is Obama and Democrats who ordered those park rangers to close down everything they possibly could and make life as difficult as they could for as many Americans as they could.  Just to bring the shutdown home as much as they could so they could demonize Republicans as much as they could.

Obama and Democrats are putting up “Barrycades” to stick it to as many Americans as they possibly can.  And even though Republicans have voted to fund all this stuff it’s supposed to be all their fault because not supporting ObamaCare and taking the mark of Obama on your right hand or forehead is somehow numerically equivalent with wanting ALL of government shut down like the Democrats are doing.

Republicans are saying something that is morally obvious to any decent person: if we can’t reach any compromise (because Democrats refuse to negotiate) on what we can’t agree upon, THEN WHY DON’T WE AT LEAST AGREE ON WHAT WE CAN AGREE ON AND FUND THOSE THINGS???  But Democrats say that Republicans are “terrorists” and “jihadists” because they’re “holding ObamaCare hostage” WHEN DEMOCRAT JIHADIST TERRORISTS ARE HOLDING EVERY POPULAR PIECE OF GOVERNMENT HOSTAGE unless they get their beloved ObamaCare without ANY change or ANY delay (let’s not mention that Obama has himself abrogated the law and the Constitution by delaying a full THIRD of ObamaCare out of cynical political calculations).

WWII veterans – who frankly may die before they have another chance to see their monument – broke down the barricades that Obama put up to stop them.

And so Republicans voted to fund “spending for veterans, the District of Columbia and the Park Service.”

The RNC said it would pay for half of the WWII memorial to remain open out of their own budget if the Democrats National Committee would pay half.  Democrats basically said, “We are the Party of exploiting OTHER PEOPLE’S MONEY.  We won’t use our OWN money to help the veterans of the greatest generation of Americans.”

Democrats and their media propagandist tools despicably accused Republicans of “grandstanding” and “politicizing” because Republicans tried to do something THAT ANY DECENT HUMAN BEING ON THE PLANET WOULD AGREE IS A GOOD THING TO DO.

WHO is trying to fund the WWII memorial and the rest of the National Park Service???  Republicans.  WHO is refusing to fund those things???  The same Democrats who are demonizing Republicans for what DEMOCRATS are actually doing.

But it actually gets worse.

Democrats are accusing Republicans of being “economic terrorists.”  But let’s take a look at our “Economic Terrorist-in-CHIEF”:

Washington (AFP) – President Barack Obama sent Wall Street a blunt warning Wednesday that it should be very worried about a political crisis that has shut down the government and could trigger a US debt default.

Obama said he was “exasperated” by the budget impasse in Congress, in an interview with CNBC apparently designed to pressure Republicans by targeting the financial community moments after markets closed.

The president then met Republican and Democratic leaders for their first talks since the US government money’s ran out and it slumped into a shutdown now well into its second day.

But few informed observers held out much hope for a sudden breakthrough.

Obama was asked in the interview whether Washington was simply gripped by just the latest in a series of political and fiscal crises which reliably get solved at the last minute.

In unusually frank comments on issues that could sway markets, Obama warned that investors should be worried.

“This time’s different. I think they should be concerned,” Obama said, in comments which may roil global markets.

“When you have a situation in which a faction is willing potentially to default on US government obligations, then we are in trouble,” Obama said.

Obama said he would not negotiate with Republicans on budget matters until House lawmakers pass a temporary financing bill to reopen federal operations and raised the $16.7 trillion dollar debt ceiling.

During the first day of the government shutdown, the market actually went UP.  What was good for America wasn’t good for Obama, who as a fascist needs to fearmonger a crisis, though.  Obama needs financial chaos and calamity for his plan to create suffering so he can blame his enemies for it.

So Obama deliberately roils the markets and of course they are plunging after Obama’s fearmongering.

So now he can blame Republicans for the financial disaster that HE wants to create so he can blame Republicans.

But – and this is frankly incredible – the sheer Democrat VILENESS actually gets even WORSE.

Again, Obama and his DEMOnic bureauCRATS want to foment and fearmonger a crisis so they can blame Republicans for the crisis they created.  So Obama sends out his chief intelligence stooge who fomented a national intelligence crisis:

Did anyone take the nation’s Director of National Intelligence (DNI) seriously when he told Congress this week that the government shutdown will put the country in danger, cause “insidious” damage and risk spy missions?

What about the part where he said financial stress—presumably created by not getting paid—could make his intelligence officers vulnerable to being bought off by foreign spies? It’s almost comical though it sounds really dramatic and quite distressing. Could it be true or was James Clapper putting on a show for lawmakers this week?

“The risk is 75 percent more than it was yesterday,” Clapper told the Senate Judiciary Committee. “The danger here… will accumulate over time. The damage will be insidious so each day that goes by, the jeopardy increases.” This is due to all that valuable intelligence that’s being lost because there are fewer workers to track targets, according to a news report of the hearing. Before anyone loses any sleep, the DNI chief assured that he’s keeping enough employees on the payroll to guard against “imminent threats to life or property.”

Then he upped the ante by insinuating that financial stress could make his intelligence officers vulnerable to being bribed by enemy governments. “This is a dreamland for foreign intelligence service to recruit, particularly as our employees already, many of whom subject to furloughs driven by sequestration, are going to have, I believe, even greater financial challenges,” Clapper said.

Look, if we’ve got a national intelligence crisis, PLEASE ALLOW REPUBLICANS TO FUND OUR NATIONAL INTELLIGENCE SERVICES!!!  But no way.  Democrats and Obama hope there’s a terrorist attack so they can blame Republicans for it EVEN THOUGH THAT ATTACK WOULD HAVE OCCURRED BECAUSE DEMOCRATS REFUSED TO VOTE ON THE HOUSE BILL TO FUND THE INTELLIGENCE SERVICES OR PRETTY MUCH ANY OF THE REST OF THE GOVERNMENT.

That is about as evil as it gets.  Democrats remind me of the Arab states following the 1948 war in which Israel miraculously successfully fought for its right to exist.  Thousands of Palestinian refugees were created, but the Arab states refused to take them into their own countries or take care of them in any way.  No, because they wanted to be able to point a finger of blame at Israel and say, “Look at what Israel did to these poor people!”  And of course that is still the situation to this very day.  Israel has brought in Jews from all over the world while Arab states won’t even allow Arabs in from next door just so they can blame Israel for the plight of the poor Palestinian refugees.

The Democrat Party is the party of genuine evil in America today.  It is the Party of Romans chapter one and the wrath of God that follows.  It is the party of sodomy worship and baby murder.  And it is the party of lies and deceit.

Obama has been all-too willing to negotiate and compromise with America’s worst enemies and with the terrorists who would joyfully murder us all.  He’s been willing to negotiate and be “more flexible” with the Russians (and see here) who have been America’s chief enemy for the last sixty freaking years.  He’s been willing to negotiate with and compromise with the Syrians after they murdered over a hundred thousand of their own people and repeatedly used weapons of mass destruction.  He’s now willing to be the first president since the failed Jimmy Carter years to negotiate with and compromise with the Iranians who seek to get nuclear missiles and launch Armageddon.

But he won’t BUDGE and WILL NOT NEGOTIATE WITH OR COMPROMISE WITH anyone who loves America.

So he announces repeatedly that HE WILL NOT NEGOTIATE with Republicans even as he accuses them of not being willing to compromise and blames them for everything under the sun.  Democrats of course used to blame George Bush for everything under the sun even though Democrats controlled both the House and the Senate just because a Republican was president.  But now the last man on earth who can be blamed for ANYTHING is the Democrat President who has been nothing short of a coward and a fascist thug since the day he took office.

So Obama calls for a meeting with Republicans at the White House to negotiate while saying HE won’t in any way, shape or form negotiate.  Why?  So he can dishonestly and deceitfully present himself as the one who was willing to do what he himself said he WON’T do:

The White House says President Barack Obama has told congressional leaders he still won’t negotiate over re-opening the government or raising the nation’s borrowing limit.

Obama and top lawmakers met for more than an hour at the White House on Wednesday, the second day of a partial government shut down. The leaders emerged to say no progress had been made.

I mean, what a surprise after the president says he won’t budge a nanometer that the leaders would come out of such a charade meeting to say no progress was made.

Let me close this up by pointing out all the incredibly demonic slandering rhetoric coming from Democrats as they get shriller and shriller and more and more hateful.  Democrats have called Republicans terrorists and jihadists and anarchists with bombs strapped to their chests and accused them of being “legislative arsonists” (Nancy Pelosi) and blackmailers and extortionists (Obama Press Secretary Jay Carney) and – as I cited above at the beginning of this article – literally child murderers (Harry Reid).  Oh, and Obama accused them of holding the nation for ransom, which I believe would be a prosecutable crime.  Hateful, inflammatory rhetoric.

Think about the Democrats’ position: unless the Republicans fund EVERYTHING they will fund NOTHING and shut the whole nation down.  Unless the Republicans fund ObamaCare Democrats will cut off the funding for veteran’s benefits.  And Republicans are supposed to be the “terrorists.”

What is most ironic about that is the second worst domestic terrorist attack in American history was committed by a Muslim terrorist named Major Nidal Hassan.  This terrorist – who carried business cards that announced himself as a “Soldier of Allah” and shouted “Allah Akbar!” as he gunned down fourteen American servicemen and wounded another thirty-two; who had been in email contact with al Qaeda, etc., etc., – COULDN’T BE CALLED A TERRORIST, said the Obama administration.  Nope.  it was just a case of “workplace violence.”

Democrats reserve the title of “terrorist” and “jihadist” for Republicans, rather than actual TERRORISTS.  Democrats refuse to call people who murder American servicemen while screaming “Allah Akbar!” terrorists, but they will call Republicans who are guilty of the crime of using their constitutional powers terrorists with rabid spittle dripping from their poisonous socialist fangs.

These are wicked people.  And if a nation is wicked enough to support them, then let that nation say, “Let it be on our heads and on the heads of our children!” as they shouted once before.

Update, 4 Oct 2013: If you want to know how Obama REALLY thinks about this, consider the following acknowledged to the Wall Street Journal by a SENIOR Obama official:]

Said a senior administration official: “We are winning…It doesn’t really matter to us” how long the shutdown lasts “because what matters is the end result.”

Wait a minute….. WHO’S “winning”???  I want Obama to identify the average Americans who are “winning” right now the way his rabid inner circle says THEY’RE winning.

I’ll be replaying this line again and again if the nation goes off the debt ceiling cliff and America defaults on its debt.  I’m thinking this Obama official is like Charlie Sheen in the sense of “not bi-polar, but bi-WINNING.”

Imagine if the government shut down under George W. Bush, and people weren’t getting the services they needed and couldn’t go to the jobs they and their families depended upon.  Oh, and children were dying of cancer and the nation was no longer safe from terrorist attack and all that stuff because of the shutdown that Bush was presiding over.  And some high-ranking Bush official turkey had been quoted as saying, “It doesn’t matter because it’s all about us and it’s all about our partisan politics and woo-hoo we’re winning.”  Imagine the screams of outrage that would have resounded throughout the mainstream media and the Democrat Party talking points then.  But the mainstream media are as hypocritical and as dishonest as the Democrat Party, and so the absence of any moral outrage is treasonous.

It’s just a game to Obama and his minions.  And they don’t give a flying damn who gets hurt or how many get hurt.  In fact, the more  who are hurt, the better to them.  And like the fascists they are, they are willing to fight to the last dead citizen to get their way.

You want more?  How about this: just LISTEN TO ONE OF OBAMA’S DEMONIC SPEECHES.  He’s giving speech after speech just flat-out DEMONIZING John Boehner and the GOP.  You listen to one and you find JUST ONE WORD of a real leader trying in any way, shape or form to reach out to the other side, to reach some kind of agreementNothing.  Just the rabid ideological partisan rabid foaming-at-the-mouth hate from our “president.”  Why?  Because Obama doesn’t WANT a deal on the government shutdown or the debt ceiling or anything else.  No.  He wants an issue to demonize the Republicans on in the 2014 elections.  He wants the same dictatorial political tyranny that he enjoyed for the first two years of his tyrant presidency.  He WANTS the government to shut down; he WANTS America to default on the debt; he WANTS as much harm and misery and damage to the U.S. economy as he can foment SO HE CAN BLAME THE GOP and run against them in 2014.  Is that the mark of a real leader?  Even the Los Angeles Times says it is the exact OPPOSITE of what a leader who isn’t demon-possessed would do.

If The Occupy Wall Street Crowd Had Any Integrity, They’d Be Attacking Obama (Who Has Raked In More Wall Street $ Than ANYONE)

October 11, 2011

I don’t want anyone to get hurt, so please make sure your seated before you read the next line.

The Occupy Wall Street mob, you know, the (what was that word Nancy Pelosi used to denounce the Tea Party movement?) Astroturfers manufactured by George Soros and Big Labor, are a giant gathering of hypocrites.

I know.  It’s just amazing, isn’t it?

But with all the outrage being directed at “Wall Street fat cats,” here is the actual truth:

Guess which President has raked in the most Wall Street bucks in a generation?
posted at 11:25 am on October 10, 2011 by Ed Morrissey

While the professional Left trashes Wall Street, they might want to consider how their current President got elected. The Sunlight Foundation reports that Barack Obama didn’t just win the Wall Street sweepstakes in 2008 over John McCain — he’s done better at getting Wall Street cash than any other President in the last 20 years:

Despite his rhetorical attacks on Wall Street, a study by the Sunlight Foundation’s Influence Project shows that President Barack Obama has received more money from Wall Street than any other politician over the past 20 years, including former President George W. Bush.

In 2008, Wall Street’s largesse accounted for 20 percent of Obama’s total take, according to Reuters. …

By the end of Barack Obama’s 2008 campaign, executives and others connected with Wall Street firms, such as Goldman Sachs, Bank of America, Citigroup, UBS AG, JPMorgan Chase, and Morgan Stanley, poured nearly $15.8 million into his coffers.

Goldman Sachs contributed slightly over $1 million to Obama’s 2008 presidential campaign, compared with a little over $394,600 to the 2004 Bush campaign. Citigroup gave $736,771 to Obama in 2008, compared with $320,820 to Bush in 2004. Executives and others connected with the Swiss bank UBS AG donated $539,424 to Obama’s 2008 campaign, compared with $416,950 to Bush in 2004. And JP Morgan Chase gave Obama’s campaign $808,799 in 2008, but did not show up among Bush’s top donors in 2004, according to the Center for Responsive Politics.

That’s not limited to the 2008 cycle, either. The same people under attack from Obama’s political allies are still lining up to dump cash on the incumbent — or at least were:

So far Wall Street has raised $7.2 million in the current electoral cycle for President Obama, according to the Center for Responsive Politics. Obama’s 2012 Wall Street bundlers include people like Jon Corzine, former Goldman Sachs CEO and former New Jersey governor; Azita Raji, a former investment banker for JP Morgan; and Charles Myers, an executive with the investment bank Evercore Partners.

Those figures predate Obama’s sudden class-warrior pose of the last four weeks, though. After watching Obama incite these demonstrations aimed at intimidating investors and financiers, I wonder just how anxious they will be to continue funding Obama’s campaign. That impact won’t be clear until the 4th quarter numbers are released in January, but don’t be surprised if all of these “Occupy” protests don’t push those contributors towards an eventual Republican nominee — or maybe even a particular contender, perhaps one that comes from their world. Hmmmm.

In my maiden column for The Fiscal Times, I look at the eruption of class warfare in American politics and the irony of a generation shaped by Steve Jobs attacking the very investor market and private-property rights that made Jobs’ success possible:

As we honor Jobs, there is no small irony in the fact that Wall Street protests are coinciding with his death. Jobs was hardly a financial wallflower: Besides his extensive holdings in and control of Apple (part of a fortune estimated at more than $6.5 billion to $7 billion by Forbes), he was the largest individual shareholder in Disney, thanks to the sale of Pixar a few years ago, and a member of its board as well. It’s likely that a large number of the youthful protesters in the Occupy Wall Street demonstrations rely on products Jobs either invented or improved; many might even be using iPhones and iPads to help coordinate their efforts. None of that would have been possible without capital risk-taking and Wall Street investment in Apple, among other companies.

Think of the world before Jobs, before a handful of bright young minds began exploring the potential of small, relatively inexpensive computing. Communication meant either writing letters or picking up a phone – with service largely provided by a national monopoly. Having access to research materials meant buying an encyclopedia and subscribing to yearbooks for updates to already obsolete data, or spending plenty of time at the local library. News from around the world came to most people either from the only major newspaper in town or one of three national broadcast networks. Social networking meant going to cocktail parties and company events.

Compared with today, that sounds positively medieval, doesn’t it? …

Contrast the explosive success of personal computing, which lacked heavy government direction, to that of solar and wind power. Federal and state governments have subsidized and regulated these industries for decades, and they have deliberately handicapped other traditional energy-production technologies to make the renewables more competitive. According to Reason Magazine, each megawatt-hour of energy produced by wind and solar power in 2007 was delivered via more than $20 ofgovernment subsidies, as opposed to $2 for nuclear power and a dollar or less for coal and oil – most of those in the form of tax incentives rather than direct subsidies.

With all of that effort over several decades, are we closer to mass-produced solar and wind power? Have these industries even matured to the point of producing jobs? The industries that Jobs, Gates, and their colleagues created through private-sector innovation based on technological success employ millions of people around the world. In 2009, President Obama got $38.6 billion in job-stimulus funding to create a “green jobs” explosion that would also employ millions. Thirty months later, we have spent $17.2 billion of those funds, and created less than 3,600 jobs, roughly at a cost of $4.85 million per position.

Capital markets drive innovation, create and expand industries, and can rapidly improve our lives — if we keep government out of the way, and certainly out of the position of distorting markets to favor losers over productive use of capital and especially redistributive policies. As Wall Street has learned, three years of accelerated redistribution didn’t satisfy the Left — it only drove them to demand more of it. Time to end the war on capital by defunding the anti-capitalists.

And:

Cream of the Crop Gone Sour: America’s Troubled CEOs

The executives who ran the nation’s biggest banks and corporations were trained at some of the country’s top universities

The final tab: :

Harvard: 11
Columbia: 6
Chicago: 4
Duke: 4
Stanford: 4
American University: 2
MIT: 2
NYU: 2
Tufts: 2
University of Iowa: 2

Open Secrets Obama Top 20 Contributors in 2008:

University of California $1,648,685
Goldman Sachs $1,013,091
Harvard University $864,654
Microsoft Corp $852,167
Google Inc $814,540
JPMorgan Chase & Co $808,799
Citigroup Inc $736,771
Time Warner $624,618
Sidley Austin LLP $600,298
Stanford University $595,716
National Amusements Inc $563,798
Wilmerhale Llp $550,168
Skadden, Arps et al $543,539
Columbia University $541,002
UBS AG $532,674
IBM Corp $532,372
General Electric $529,855
US Government $517,908
Morgan Stanley $512,232
Latham & Watkins $503,295

(Excerpt) Read more at foxnews.com

Barack Obama is owned lock, stock and barell by the very people whom the Occupy Wall Street fascists say are most responsible.  And the funniest thing of all is they’re going to go vote in 2012 for the very same corrupt bastards who brought America down and who paid Obama to KEEP bringing America down.

It would be funny if it wasn’t causing so much destruction to the formerly greatest nation in the history of the world.

Here’s a nice counter-protest sign for these hypocrites:

.

Market Responds To Obama’s $447 Billion Not-Stimulus Stimulus By Tanking 304 Points

September 9, 2011

Even the überleftist in-the-tank New York Slimes was forced to report that:

A speech by President Obama on jobs did little to lift the malaise because of uncertainty over whether the program would help the recovery, analysts said.

Hey, thanks for a great big giant load of verbal fecal matter, Obama.

Here’s the foul-smelling “fruits” of Obama’s speech:

Thanks Barack… Stock Market Tanks After Obama’s $447 Billion Stimulus Speech
Posted by Jim Hoft on Friday, September 9, 2011, 9:00 AM

Last night Barack Obama announced his latest spending plan to “revive the economy” would cost another $447 billion.

Today the markets tanked.

The Dow was down 172 points shortly after opening.

The Street reported:

In his speech last night to Congress, the President detailed a $447 billion stimulus package aimed at spurring job creation, a much more ambitious proposal than the $300 billion plan expected. It remains up in the air, however, which parts of Obama’s proposal would be able to pass Congress. Republicans are expected to show their support for the $253 billion in tax cuts but will likely oppose the payroll tax holiday component of Obama’s strategy.

Investors have been particularly uneasy as they await possible monetary and fiscal stimulus to jumpstart the sluggish economy. Federal Reserve chairman Ben Bernanke left the door open on a possible Fed stimulus in his speech Thursday, essentially leaving the market hanging for another two weeks before the next Fed meeting on Sept. 21. Meanwhile, any jobs proposal from Washington is not expected to pass until later this year, leaving the dismal U.S. jobs market staggering without help.

And if finished down 304 points for the day.

Keep talking, Obama, and the presidential limo is going to be on concrete blocks without any wheels in the midst of a Washington D.C. in flames as the symbol of the “hope and change” that Obama represents.

This is what a completely failed presidency looks like.

Did Someone Just Say Cloward And Piven? Former SEIU Top Level Official Caught On Tape Conspiring To Implode America

March 23, 2011

Other than the fact that the left – liberals, progressive, Democrats, unions, the whole enchilada – are genuinely depraved un-American traitors, they really aren’t so bad.

Let me deal with a couple of possible objections before the article.  First of all, Steven Lerner hasn’t been “former” that long.  He left with Andy Stern, the man who visited Obama in the White House more than anyone else.  Second, this tactic that Lerner is describing isn’t merely some kind of a “theoretical” tactic.  It has been employed, and is continuing to be employed, by SEIU.

And it is the intimate association between Barack Obama and the SEIU (“Your agenda has been my agenda…”) that makes this really, really frightening.

I have on several occasions discussed Obama as having a Cloward and Piven agenda for America.

Politico Article Reveals Obama’s Cloward-Piven Strategy Backfiring

Obama’s Cloward-Piven Redistributionism Shaping The Future Collapse

Cloward-Piven Alive And Well: Progressives CONTINUE To Push For Destruction Of U.S. System

ObamaCare Is Cloward-Piven Strategy In Microcosm

Here it is.  And by that I mean both, “Here’s the article revealing Obama’s SEIU’s plan to destroy America,” and “Here’s Obama’s and the SEIU’s Cloward-Piven plan”:

CAUGHT ON TAPE: Former SEIU Official Reveals Secret Plan To Destroy JP Morgan, Crash The Stock Market, And Redistribute Wealth In America
Henry Blodget | Mar. 22, 2011, 9:44 AM

A former official of one of the country’s most-powerful unions, SEIU, has a secret plan to “destabilize” the country.  

The plan is designed to destroy JP Morgan, nuke the stock market, and weaken Wall Street’s grip on power, thus creating the conditions necessary for a redistribution of wealth and a change in government.

The former SEIU official, Stephen Lerner, spoke in a closed session at a Pace University forum last weekend.

The Blaze procured what appears to be a tape of Lerner’s remarks. Many Americans will undoubtedly sympathize with and support them. Still, the “destabilization” plan is startling in its specificity, especially coming so close on the heels of the financial crisis.

Lerner said that unions and community organizations are, for all intents and purposes, dead. The only way to achieve their goals, therefore–the redistribution of wealth and the return of “$17 trillion” stolen from the middle class by Wall Street–is to “destabilize the country.”

Lerner’s plan is to organize a mass, coordinated “strike” on mortgage, student loan, and local government debt payments–thus bringing the banks to the edge of insolvency and forcing them to renegotiate the terms of the loans.  This destabilization and turmoil, Lerner hopes, will also crash the stock market, isolating the banking class and allowing for a transfer of power.

Lerner’s plan starts by attacking JP Morgan Chase in early May, with demonstrations on Wall Street, protests at the annual shareholder meeting, and then calls for a coordinated mortgage strike.

Lerner also says explicitly that, although the attack will benefit labor unions, it cannot be seen as being organized by them. It must therefore be run by community organizations.

Lerner was ousted from SEIU last November, reportedly for spending millions of the union’s dollars trying to pursue a plan like the one he details here.  It is not clear what, if any, power and influence he currently wields. His main message–that Wall Street won the financial crisis, that inequality in this country is hitting record levels, and that there appears to be no other way to stop the trend–will almost certainly resonate.

A transcript of Lerner’s full reported remarks is below, courtesy of The Blaze. We have heard the tape, but we have not independently verified that the voice is Lerner’s.  You can listen to the tape here.

Here are the key remarks:

Unions are almost dead. We cannot survive doing what we do but the simple fact of the matter is community organizations are almost dead also. And if you think about what we need to do it may give us some direction which is essentially what the folks that are in charge – the big banks and everything – what they want is stability.

There are actually extraordinary things we could do right now to start to destabilize the folks that are in power and start to rebuild a movement.

For example, 10% of homeowners are underwater right their home they are paying more for it then its worth 10% of those people are in strategic default, meaning they are refusing to pay but they are staying in their home that’s totally spontaneous they figured out it takes a year to kick me out of my home because foreclosure is backed up

If you could double that number you would  you could put banks at the edge of insolvency again.

Students have a trillion dollar debt

We have an entire economy that is built on debt and banks so the question would be what would happen if we organized homeowners in mass to do a mortgage strike if we get half a million people to agree  it would literally cause a new finical crisis for the banks not for us we would be doing quite well  we wouldn’t be paying anything…

We have to think much more creatively. The key thing… What does the other side fear the most – they fear disruption. They fear uncertainty. Every article about Europe says in they rioted in Greece the markets went down

The folks that control this country care about one thing how the stock market goes what the bond market does how the bonuses goes. We have a very simple strategy:

  • How do we bring down the stock market
  • How do we bring down their bonuses
  • How do we interfere with there ability to be rich…

So a bunch of us around the country think who would be a really good company to hate we decided that would be JP Morgan Chase  and so we are going to roll out over the next couple of months what would hopefully be an exciting campaign about JP Morgan Chase that is really about challenge the power of Wall Street.

And so what we are looking at is the first week in May can we get enough people together starting now to really have an week of action in New York I don’t want to give any details because I don’t know if there are any police agents in the room.

The goal would be that we will roll out of New York the first week of May. We will connect three ideas

  • that we are not broke there is plenty of money
  • they have the money  – we need to get it back
  • and that they are using Bloomberg and other people in government as the vehicle to try and  destroy us

And so we need to take on those folks at the same time. And that we will start here we are going to look at a week of civil disobedience – direct action all over the city. Then roll into the JP Morgan shareholder meeting which they moved out of New York because I guess they were afraid because of Columbus.

There is going to be a ten state mobilization to try and shut down that meeting and then looking at bank shareholder meetings around the country and try and create some moments like Madison except where we are on offense instead of defense

Where we have brave and heroic battles challenging the power of the giant corporations. We hope to inspire a much bigger movement about redistributing wealth and power in the country and that labor can’t do itself that community groups can’t do themselves but maybe we can work something new and different that can be brave enough  and daring and nimble enough to do that kind of thing.

FULL TRANSCRIPT FROM THE BLAZE

SPEAKER: Stephen Lerner. Speaker at the Left Forum 2011 “Towards a Politics of Solidarity” Pace University March 19, 2011

Speaker Bio: Stephen Lerner is the architect of the SEIU’s groundbreaking Justice for Janitors campaign.  He led the union’s banking and finance campaign and has partnered with unions and groups in Europe, South American and elsewhere in campaigns to hold financial institutions accountable. As director of the union’s private equity project, he launched a long campaign to expose the over-leveraged feeding frenzy of private equity firms during the boom years that led to the ensuing economic disaster.

TRANSCRIPT:

It feels to me after a long time of being on defense that something is starting to turn in the world and we just have to decide if we are on defense or offense

Maybe there is a different way to look at some of theses questions  it’s hard for me to think about any part of organizing without thinking what just happened with this economic crisis and what it means

I don’t know how to have a discussion about labor and community if we don’t first say what do we need to do at this time in history what is the strategy that gives us some chance of winning because I spent my life time as a union organizer justice for janitors a lot of things

It seems we are at a moment where the world is going to get much much worse or much much better

Unions are almost dead we cannot survive doing what we do but the simple fact of the matter is community organizations are almost dead also and if you think about what we need to do it may give us some direction which is essentially what the folks that are in charge – the big banks and everything – what they want is stability

Every time there is a crisis in the world they say, well, the markets are stable.

What’s changed in America is the economy doing well has nothing to do with the rest of us

They figured out that they don’t need us to be rich they can do very well in a global market without us so what does this have to do with community and labor organizing more.

We need to figure out in a much more through direct action more concrete way how we are really trying to disrupt and create uncertainty for capital for how corporations operate

The thing about a boom and bust economy is it is actually incredibly fragile.

There are actually extraordinary things we could do right now to start to destabilize the folks that are in power and start to rebuild a movement.

For example, 10% of homeowners are underwater right their home they are paying more for it then its worth 10% of those people are in strategic default, meaning they are refusing to pay but they are staying in their home that’s totally spontaneous they figured out it takes a year to kick me out of my home because foreclosure is backed up

If you could double that number you would  you could put banks at the edge of insolvency again.

Students have a trillion dollar debt

We have an entire economy that is built on debt and banks so the question would be what would happen if we organized homeowners in mass to do a mortgage strike if we get half a million people to agree  it would literally cause a new finical crisis for the banks not for us we would be doing quite well  we wouldn’t be paying anything.

Government is being strangled by debt

The four things we could do that could really upset wall street

One is if city and state and other  government entities demanded to renegotiate their debt
and you might say why would the banks ever do it  – because city and counties could say we won’t do business with you in the future if you won’t renegotiate the debt now

So we could leverage the power we have of government and say two things  we won’t do business with you JP Morgan Chase anymore unless you do two things: you reduce the price of our interest  and second you rewrite the mortgages for everybody in the communities

We could make them do that

The second thing is there is a whole question in Europe about students’ rates in debt structure. What would happen if students said we are not going to pay.  It’s a trillion dollars. Think about republicans screaming about debt a trillion dollars in student debt

There is a third thing we can think about what if public employee unions instead of just being on the defensive  put on the collective bargaining table when they negotiate they say we demand as a condition of negotiation that the government renegotiate – it’s crazy that you’re paying too much interest to your buddies the bankers it’s a strike issue  – we will strike unless you force the banks to renegotiate/

Then if you add on top of that if we really thought about moving the kind of disruption in Madison but moving that to Wall Street and moving that to other cities around the country

We basically said you stole seventeen trillion dollars – you’ve improvised us and we are going to make it impossible for you to operate

Labor can’t lead this right now so if labor can’t lead but we are a critical part of it  we do have money we have millions of members who are furious

But I don’t think this kind of movement can happen unless community groups and other activists take the lead.

If we really believe that we are in a transformative stage of  what’s happening in capitalism

Then we need to confront this in a serious way and develop really ability to put a boot in the wheel  then we have to think not about labor and community alliances  we have to think about how together we are building something that really has the capacity to disrupt how the system operates

We need to think about a whole new way of thinking about this not as a partnership but building something new.

We have to think much more creatively. The key thing… What does the other side fear the most – they fear disruption. They fear uncertainty. Every article about Europe says in they rioted in Greece the markets went down

The folks that control this country care about one thing how the stock market goes what the bond market does how the bonuses goes. We have a very simple strategy:

  • How do we bring down the stock market
  • How do we bring down their bonuses
  • How do we interfere with there ability to be rich

And that means we have to politically isolate them, economically isolate them  and disrupt them

It’s not all theory i’ll do a pitch.

So a bunch of us around the country think who would be a really good company to hate we decided that would be JP Morgan Chase  and so we are going to roll out over the next couple of months what would hopefully be an exciting campaign about JP Morgan Chase that is really about challenge the power of Wall Street.

And so what we are looking at  is the first week in May can we get enough people together starting now to really have an week of action in New York I don’t want to give any details because I don’t know if there are any police agents in the room.

The goal would be that we will roll out of New York the first week of May. We will connect three ideas

  • that we are not broke there is plenty of money
  • they have the money  – we need to get it back
  • and that they are using Bloomberg and other people in government as the vehicle to try and  destroy us

And so we need to take on those folks at the same time

and that we will start here we are going to look at a week of civil disobedience – direct action all over the city
then roll into the JP Morgan shareholder meeting which they moved out of New York because I guess they were afraid because of Columbus.

There is going to be a ten state mobilization it try and shut down that meeting and then looking at bank shareholder meetings around the country  and try and create some moments like Madison except where we are on offense instead of defense

Where we have brave and heroic battles challenging the power of the giant corporations. We hope to inspire a much bigger movement about redistributing wealth and power in the country and that labor can’t do itself that community groups can’t do themselves but maybe we can work something new and different that can be brave enough  and daring and nimble enough to do that kind of thing.

People just can’t bring themselves to believe that their leaders are evil people with wicked agendas.  It’s that, “Oh, no, Chester isn’t molesting my little boy; he loves him” sort of thing.  It doesn’t seem to matter how much evidence there is, they just won’t believe it until it’s too late and the damage is done.  It wasn’t just German Aryans who bought Adolf Hitler; a lot of JEWS enthusiastically voted for him.  They thought, “This Antisemitic stuff is just party rhetoric; Hitler will put it aside as soon as he’s in power.”  And all of the adoring masses just refused to realize that they were anointing a monster and giving him their sons.

You can read and watch and listen to what the left has been trying to do for more than five decades.  That’s how old this Cloward and Piven agenda is.  You can listen to what the SEIU is trying to do.  It’s right in front of your face.  You can see all the evidence that Barack Obama is their man, and how committed he is to their agenda, in his own words.

What more do you need?  When will you wake up?

The union agenda is straight from hell.  And it has been for a very long time.  And Obama is very much a part of it.

Then there’s that someone somewhere who might be out there saying, “Gosh, I kind of agree with that Steven Lerner guy.  The rich have lots of money, and I’d like to have their money.  Maybe he isn’t so utterly depraved after all.”  Think about this: Steven Lerner of the SEIU is demonizing capitalism, the system which has been proven by 200 years of history to be the freest and most successful – not to mention most profitable and most powerful – system in the history of the entire world.

And what are these people basically suggesting as his model for replacement?  Something that oozed right out of the pits of hell into Karl Marx’s vile brain.  And from there it oozed into the Union of Soviet Socialist Republics, then the National Socialist German Workers Party, then the number-one-humanity-massacring People’s Republic of China, and from there to hellholes in Cuba, Vietnam, Cambodia, etcetera.

These are truly bad, depraved, vile, wicked, evil people.  And if they get their way, not only will your children die lingering deaths, but you probably will too.

More Proof Democrats Destroyed The Economy In 2008: The Ongoing Fannie Mae/Freddie Mac Disaster

November 8, 2010

Who destroyed the economy in 2008?  Democrats say it was Bush.  Why?  Well, because he was president, that’s why.

Why – when applying the same logic – Barack Obama STILL isn’t responsible for any of his economic mess fully two years after George W. Bush left office is anybody’s guess.

But stop and think.  The primary cause for the 2008 economic meltdown was a downturn in the housing market and the underlying mortgage market.

At the core of that meltdown was GSEs (that’s “Government Sponsored Enterprises” to you) Fannie Mae and Freddie Mac.

The problem with Fannie Mae and Freddie Mac has always been that it was – and remains – a social welfare institution masquerading as a financial institution.  And they have made beyond-godawful “financial” decisions because their true loyalty has always been with socialist policies rather than financial ones.

Let’s look at Fannie and Freddie’s current picture:

Fannie, Freddie’s $685B fix
Bloomberg
Last Updated: 11:54 PM, November 4, 2010
Posted: 11:54 PM, November 4, 2010

Fannie Mae and Freddie Mac, the mortgage firms operating under federal conservatorship, may cost taxpayers as much as $685 billion as the US covers losses and overhauls the housing-finance system, Standard & Poor’s said.

Costs for resolving the two government-sponsored entities could reach $280 billion, including $148 billion already delivered under a US Treasury Department promise of unlimited support, New York-based S&P said yesterday in a research report. The government may spend an additional $405 billion to capitalize a replacement for the two companies, which own or insure more than half the US mortgage market.

“It appears unlikely in our view that housing and mortgage markets will be able to operate normally without continuing and substantial government involvement,” S&P said, citing the GSEs’ growing portfolio of unsold homes, a sluggish economy, high unemployment, the prospect of rising foreclosures and billions in legacy losses.

Treasury Secretary Timothy F. Geithner, who has said there is a strong case to be made for continued US involvement, has promised to deliver the Obama administration’s plan to overhaul the housing-finance system by the end of January. Republican lawmakers, who will take control of the House of Representatives in January, have called for the government to end its support for Washington-based Fannie Mae and Freddie Mac, of McLean, Va.

“Although federal authorities have taken no concrete public steps toward sponsoring a GSE alternative, Standard & Poor’s believes that it’s a useful exercise to consider how much such a recapitalization might cost taxpayers,” the report said.

$685 BILLION.  That’s quite a mess.

Did it just happen?  Hardly.  This was going on for years.  This was what caused the subprime crisis that destroyed our economy in 2008.

Let’s survey the record.  According to record provided by The New York Times, Fannie and Freddie were in huge trouble PRIOR TO the economic collapse.  And their holdings were so massive that there is simply no reasonable way that one can maintain that their crisis didn’t directly contribute to the greater crisis to be revealed.  Read the article dated July 11, 2008:

Fannie Mae and Freddie Mac are so big — they own or guarantee roughly half of the nation’s $12 trillion mortgage market — that the thought that they might falter once seemed unimaginable. But now a trickle of worries about the companies, which has been slowly building for years, has suddenly become a torrent.

A timeline of the subprime loan crisis of 2008 clearly reveals that it was Fannie Mae’s collapse that started the entire mess rolling downhill.  From Wikipedia:

September 2008

    • September 7: Federal takeover of Fannie Mae and Freddie Mac, which at that point owned or guaranteed about half of the U.S.’s $12 trillion mortgage market, effectively nationalizing them. This causes panic because almost every home mortgage lender and Wall Street bank relied on them to facilitate the mortgage market and investors worldwide owned $5.2 trillion of debt securities backed by them.[151][152]
    • September 14: Merrill Lynch is sold to Bank of America amidst fears of a liquidity crisis and Lehman Brothers collapse[153]
    • September 15: Lehman Brothers files for bankruptcy protection[154]
    • September 16: Moody’s and Standard and Poor’s downgrade ratings on AIG‘s credit on concerns over continuing losses to mortgage-backed securities, sending the company into fears of insolvency.[155][156] In addition, the Reserve Primary Fund “breaks the buck” leading to a run on the money market funds. Over $140 billion is withdrawn vs. $7 billion the week prior. This leads to problems for the commercial paper market, a key source of funding for corporations, which suddenly could not get funds or had to pay much higher interest rates.[157]
    • September 17: The US Federal Reserve lends $85 billion to American International Group (AIG) to avoid bankruptcy.
    • September 18: Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke meet with key legislators to propose a $700 billion emergency bailout through the purchase of toxic assets. Bernanke tells them: “If we don’t do this, we may not have an economy on Monday.”[158]
    • September 19: Paulson financial rescue plan is unveiled after a volatile week in stock and debt markets.

Democrats who bother to offer any reason at all why “Republicans got us into this mess” claim that the Republicans refused to regulate and reform the economic sector.

Well, let’s dig a little further.  Was it George Bush who refused to regulate or reform?

Hardly.

From US News & World Report:

Seventeen. That’s how many times, according to this White House statement (hat tip Gateway Pundit), that the Bush administration has called for tighter regulation of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.

That’s right.  George Bush tried SEVENTEEN TIMES to reform and regulate Fannie Mae and Freddie Mac, the agencies at the epicenter of the economic crisis.

When did this thing start?  Under Bush?  Not according to The New York Times, as I have pointed out before in a previous article.

From the New York Times, September 30, 1999:

Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.

More.  Again from the New York Times, September 30, 1999:

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980′s.

From the perspective of many people, including me, this is another thrift industry growing up around us,” said Peter Wallison a resident fellow at the American Enterprise Institute. ”If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.”

What do we have, even in the pages of the New York Times?  A prediction that as soon as the economy cooled off, the mortgage market would explode like a depth charge and the government would have to step in to prevent a catastrophe.  And from a Clinton program, at that.

The same man – Peter Wallison – who had predicted the disaster from 1999 wrote a September 23, 2008 article in the Wall Street Journal entitled “Blame Fannie Mae and Congress For the Credit Mess.”

So this disaster began under Bill Clinton.  Specifically, it began in the very final years of the Clinton administration.  Interestingly, at the same time that the Dot-com bubble was getting ready to explode on Clinton’s watch.  Clinton got all the credit for a great economy, and Bush got to watch 78% of the value of Nasdaq destroyed just as he was taking office.  $7.1 TRILLION in wealth was vaporized (43% of the the Market Capitalization of the Dow Jones Wilshire 5000 Full Cap between 2000 Q1 and Q1 2003).  Bill Clinton handed George Bush a massive economic disaster (made even worse by the shocking 9/11 attacks), and Bush turned economic calamity into the longest consecutive period of job growth (52 straight months) in history.  In diametrical contradiction to all the lies that you have  heard from Democrats and from a mainstream media propaganda machine that often puts Joseph Goebbels to shame

What did George W. Bush do to deal with the necessary regulation and reform of these government-subsidized behemoths Fannie and Freddie?

Read what the New York Times said back in September 11, 2003:

WASHINGTON, Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

So Bush WANTED to regulate and reform the industry that would destroy the economy five years later, again, in contradiction to a blatantly dishonest and ideologically liberal and biased media.  Bush didn’t “refuse to regulate.”  Bush TRIED to provide the necessary regulatory steps that could have averted disaster.

And who blocked those regulations and reforms that Bush tried to provide?  None other than Barney Frank and his Democrat buddies:

These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

Representative Melvin L. Watt, Democrat of North Carolina, agreed.

”I don’t see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,” Mr. Watt said.

Democrats blocked reform and regulation of Fannie and Freddie.  They threatened to filibuster any attempt at regulation and reform.  Meanwhile John McCain wrote a letter in 2006 urging reform and regulation of the GSEs.  He said:

Congress chartered Fannie and Freddie to provide access to home financing by maintaining liquidity in the secondary mortgage market. Today, almost half of all mortgages in the U.S. are owned or guaranteed by these GSEs. They are mammoth financial institutions with almost $1.5 Trillion of debt outstanding between them. With the fiscal challenges facing us today (deficits, entitlements, pensions and flood insurance), Congress must ask itself who would actually pay this debt if Fannie or Freddie could not?

And it came to pass exactly as John McCain warned.

Because of Democrats.  Who were virtually entirely to blame for the disaster that ensued as a result of their blocking of reform and regulation.

What did Democrats do with the mainstream media’s culpability?  They falsely dropped the crisis at the feet of “greedy” Wall Street.  But while examples of Wall Street greed abound, the liberal intelligentsia deliberately overlooked the central and preceding role of Democrat-dominated Fannie Mae and Freddie Mac.

Here’s how the mess actually happened:

The New York Times acknowledged that Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac “buy mortgages from lenders and repackage them as securities or hold them in their own portfolios.”

And the Los Angeles Times on May 31, 1999 describes how this process turned into a bubble, as more begat more, and then more and more begat more and more and more:

Lenders also have opened the door wider to minorities because of new initiatives at Fannie Mae and Freddie Mac–the giant federally chartered corporations that play critical, if obscure, roles in the home finance system. Fannie Mae and Freddie Mac buy mortgages from lenders and bundle them into securities; that provides lenders the funds to lend more. . . .

In a nutshell, Fannie and Freddie, in their role as Government Sponsored Enterprises, bought tens of millions of mortgages, and then repackaged them into huge mortgage-backed securities that giant private entities such as Bear Stearns, AIG and Lehman Brothers purchased.  What made these securities particularly attractive to the private banking entities was that these securities were essentially being sold – and had the backing – of the United States government.  Fannie Mae and Freddie Mac, again, are Government Sponsored Enterprises.

Here’s the process:

The Role of the GSEs is to provide liquidity and stability to the U.S. housing and mortgage markets. Step 1 Banks lend money to Households to purchase and refinance home mortgages Step 2 The GSEs purchase these mortgage from the banks Step 3 GSEs bundle the mortgages into mortgage-backed securities Step 4 GSEs sell mortgage-backed and debt securities to domestic and international capital investors Step 5 Investors pay GSEs for purchase of debt and securities Step 6 GSEs return funds to banks to lend out again for the issuance of new mortgage loans.

Now, any intelligent observer should note a primary conflict that amounts to a fundamental hypocritical contradiction: the GSE’s role was to “provide stability,” and yet at the same time they were taking on “significantly more risk” in the final year of the Clinton presidency.  What’s wrong with this picture?

The GSEs Fannie Mae and Freddie Mac were designed to bundle up the mortgages into mortgage backed securities and then sell them to the private market.

Fannie Mae is exempt from SEC [Securities and Exchange Commission] regulation. Which screams why Bush wanted to regulate them.  This allowed Fannie Mae to bundle up mortgages, which were then rated AAA with no requirement to make clear what is in the bundle.  Which screams why Bush wanted to regulate them.

This is what allowed the toxic instruments that have been sold across the world to proliferate.  And then to explode.  It also created a situation where money institutions did not know and could not find out whether potential inter-bank business partners were holding these “boiled babies on their books, complete with a golden stamp on the wrapping,” rather than safe instruments.  This then inclined banks to a natural caution, to be wary of lending good money to other banks against these ‘assets’.  And thus banks refused to lend to one another.

And it was Democrats, not Bush, and not Republicans, who were all over this disaster that destroyed our economy in 2008.

We were led by a pathologically dishonest media to believe that Republicans had created this mess, when it fact it had been Democrats.  And so we gave the very fools who destroyed our economy total power.

And what have they done in the two years since?

They made bad far, far worse.

Just How Is Obama NOT An Abject Failure?

August 27, 2010

Under Barry Husseins’ pathetic failure of leadership, 24% of Americans believe that the recession will last 2 years.  And another 51% believe that it will last MORE than two years.  Given the fact that Obama will only be president for another two years, and given the fact that Obama was elected to fix the economy, what we basically have is a statement from 75% of Americans that Obama will be a completely failed president.

Here’s another one, and allow me to quote from below:

Only 13 percent of Americans say Mr. Obama’s economic programs, among them the stimulus package, have helped them personally. Twenty-three percent say they have hurt, while 63 percent say they have had no effect.

Now, understand: the stimulus is officially $862 billion, but it’s actual cost according to the Congressional Budget Office will be $3.27 TRILLION.  And 87% of the American people say that this beyond supermassive sum of money which will burden our children for decades either had no effect at all or actually HURT them.

Now, this $3.27 trillion will surely ultimately be ripped out of the hide of the US economy.  It’s only a matter of time.  An increase in the money supply is rather like an overdose of drugs.  And in this case the effect of the overdose will be hyperinflation.  Basically, the moment we have any kind of genuine recovery, our staggering deficit is going to begin to create an ultimately gigantic inflation rate.  Why?  Because we have massively artificially increased our money supply beyond our ability to actually produce real wealth, and that means that money will ultimately be devalued.  There’s simply no way it can’t be.  If simply printing money solved financial problems, the government could just mail everyone several million dollars, and we could all retire.  The problem is that more money chasing a limited supply of goods simply pushes up prices higher and higher without doing anything to solve the underlying economic problems.  If we have a recovery, with increased economic activity, there will be increased demand on the money supply, forcing an upward climb in interest rates as a means of controlling the currency.  And then we’ll begin to seriously pay for Obama’s and the Democrat Party’s sins.  Paradoxically, the only thing preventing hyperinflation now is the recession, because people aren’t buying anything and therefore aren’t competing for those limited goods.

That said, there is solid evidence that the stimulus actually HURT THE ECONOMY AND EMPLOYMENT IN THE RIGHT-HERE-AND-NOW by sucking money out of the private sector where it would have been put to good use and instead funneling it through the government were it was pissed away on political boondoggles and bureaucratic inefficiencies.  The evidence is clear: the governments that did not pass huge stimulus packages have fared much better than those like the US which did.

A further fact in our economic and political collapse is that Obama is creating a permanent elite class of government bureaucrats.  USA Today found that “At a time when workers’ pay and benefits have stagnated, federal employees’ average compensation has grown to more than double what private sector workers earn.”  Obama has massively expanded government, even as the the real pie for everyone (the economy) has been shrinking.  Since government workers don’t actually create wealth, but merely live off the taxes paid by those who create wealth, and since there are more and more government workers and fewer and fewer private sector workers, we’re heading for a real problem.  Again, “paradoxically” is a good word, as paradoxically Obama is creating a ruling class over the people who consume the peoples’ wealth in the name of helping the people.

And all of the above contributes to why Gerald Celente says America is about to experience what he calls “the Greatest Depression.”

July 13, 2010 6:30 PM
Poll: Americans Say Bad Economy Will Linger
Posted by Brian Montopoli

CBS News Poll analysis by the CBS News Polling Unit: Sarah Dutton, Jennifer De Pinto, Fred Backus and Anthony Salvanto.

(Credit: CBS)

A majority of Americans have a negative impression of the economy and expect the effects of the recession to linger for years, according to a new CBS News poll.

Most also say President Obama has spent too little time on the economy, which Americans cite as the country’s most important problem by a wide margin.

Three in four Americans now say the effects of the recession will last another two years or more. More than eight in 10 say the condition of the economy is bad, up five points from last month.

Just 25 percent of Americans say the economy is getting better – down from 41 percent in April. About half say it is staying the same, and the remaining quarter say it is getting worse.

More than half of Americans – 52 percent – say Mr. Obama has spent too little time dealing with the economy.

And with unemployment near 10 percent, the economy is their priority: Thirty-eight percent volunteer it as the country’s most important problem. That far outpaces the percentage that cited the wars in Iraq or Afghanistan (seven percent), health care (six percent), the deficit (five percent), and the oil spill in the Gulf (five percent).

The county’s most important economic problem, Americans say, is jobs, volunteered by 38 percent of respondents. Coming in a distant second was the national debt, the deficit and spending, cited by 10 percent in the poll, which was conducted between July 9th and 12th.

Just 27 percent of Americans say their local job market is good. Seventy-one percent call it bad. Nearly one in four expect their household finances to get worse over the next year, twice the percentage that expects their finances to improve.

Only 13 percent of Americans say Mr. Obama’s economic programs, among them the stimulus package, have helped them personally. Twenty-three percent say they have hurt, while 63 percent say they have had no effect.

Twenty-three percent say the stimulus package made the economy better – down from 32 percent in April and 36 percent last September. Eighteen percent say the stimulus package damaged the economy, while 56 percent say it had no effect.

The president’s job approval rating on the economy now stands at 40 percent – a drop of five points from last month. Fifty-four percent disapprove of his handling of the issue.

In general, Americans see Mr. Obama as spending too little time on the economy and the oil spill in the Gulf, and too much time on health care: Thirty-nine percent say he has spent too much time on the issue, while 24 percent say he spent too little time.

Americans do believe the president takes decisive action, with two and three suggesting he does. But more than half (53 percent) say he is not tough enough in his approach.

Americans are evenly split, meanwhile, on whether the president shares their priorities. Two in three believe he cares at least to some degree about people like them.

The president’s overall approval rating now stands at 44 percent, matching his disapproval rating. It stood at 47 percent last month.

The Issues: Economic Priorities

Most Americans – 53 percent – say the best way to get the economy moving is to cut taxes. Thirty-seven percent instead choose government spending on job creation.

Americans are split about how the federal government should spend its money: Forty-six percent say the priority should be spending to create jobs, and 47 percent want to put the focus on deficit reduction.

More than half want Congress to extend unemployment benefits now, a Democratic priority that has been blocked by Congressional Republicans.

Immigration:

Support for Arizona’s controversial immigration measure has increased: Fifty-seven percent say the law is “about right,” up five points from May. Just 23 percent say the law goes too far, while 17 percent say it doesn’t go far enough.

More than half say states should be allowed to pass illegal immigration laws, while 42 percent say only the federal government should have that power.

Americans are somewhat split on the impact of illegal immigrants: 42 percent say they take jobs away from Americans, while more – 50 percent – say they take jobs Americans don’t want.

Health Care:

Americans still largely disapprove more than they approve of Mr. Obama’s sweeping health care reforms. Forty-nine percent of Americans disapprove of the health reform legislation, while 36 percent support the law. Support has dropped seven points since May.

The Oil Spill:

Americans are roughly evenly split on whether BP will stop the flow of oil in the Gulf of Mexico by the end of the summer. Most (58 percent) are not confident that the company will fairly compensate those affected by the spill.

Wall Street Reform:

With Democrats poised to pass sweeping reforms of Wall Street this week, a majority (57 percent) say bank regulations should be increased.

Afghanistan and Iraq:

Sixty-two percent of Americans say things are going badly for the United States in Afghanistan, up from 49 percent in May. Just 31 percent say things are going well.

In Iraq, 55 percent say things are going well, while 28 percent say things are going badly.

Most Americans favor a timetable for withdrawing troops from Afghanistan. Fifty-four percent back a timetable, while 41 percent oppose one. Mr. Obama has said the United States will start removing troops from the country in July of next year, but only if conditions on the ground permit.

Elena Kagan:

Most Americans can’t say whether Supreme Court nominee Elena Kagan should be confirmed. Among those who have an opinion, 21 percent say yes and 19 percent say no. Less than half say they are closely following news about her nomination.

The Long Run:

Despite their concerns about the economy, Americans do not believe their country is on the decline. Fifty-nine percent expect things to get better in the long run, while 36 percent say America’s best days have passed.

Read the Complete Poll

More from the poll:

Poll: Support For Health Care Reform Drops

Poll: Most Want Afghanistan Withdrawal Timeline

Poll: Support for Arizona Immigration Law Hits 57 Percent

Obama’s Approval Rating on Economy Drops


This poll was conducted among a random sample of 966 adults nationwide, interviewed by telephone July 9-12, 2010. Phone numbers were dialed from random digit dial samples of both standard land-line and cell phones. The error due to sampling for results based on the entire sample could be plus or minus three percentage points. The error for subgroups is higher.

This poll release conforms to the Standards of Disclosure of the National Council on Public Polls.

This article was written in July.  And it is amazing how far we have fallen since those days only a little over the month ago (that was back when Obama was pitching his pseudo “summer of economic recovery, donchaknow).

Now here we are, with Obama’s failures being revealed to be even MORE magnificent, as the jobless claims rise to their highest levels in 9 months (with over half a million new filings).

The Associated Press reports:

The layoffs add to growing fears that the economic recovery is slowing and the country could slip back into a recession.

There’s your double-dip recession for you.  And that recession belongs entirely to Obama and the Democrat Party, which are leading us toward complete ruination.

All Obama has going for him are false blame on Bush to explain his two-years’ worth of abject failure and outright lies, such as his recent one taking credit for a stimulus dollar success when the stimulus didn’t have anything to do with the project Obama cited.

For the record, Obama has been lying about employment all along.

With $862 billion dollars you’d think Obama could find at least one actual success.  But the porkulus was THAT bad; there weren’t any.

Some other things that the poll didn’t mention: a solid majority of Americans now believe that their president is a socialist (as people like me were saying all along).

And Americans now trust Republicans more than Democrats on ALL TEN of the most important issues facing the country, according to the lastest Rasmussen survey:

If all of this doesn’t represent a massive failure of leadership, precipitating a failure of trust which itself creates massive economic suffering, please tell me how it isn’t.

One Thing Is For Sure: Democrats REALLY Hate People Who Drive Trucks

January 18, 2010

Elitist limousine liberals don’t like trucks, or the people who drive them.

Scott Brown driving his truck to campaign stops might have been a gimmick, but it was his truck, which he’s been driving around for 200,000 miles.

Not exactly something to mock, unless you’re a liberal.

Why not mock the fact that maybe he wears a pair of ten-year old boots while you’re at it?

But…

There’s something about Republican Scott Brown’s truck that has gotten the Democratic establishment all revved up.

Mr. Brown, who is running for a U.S. Senate seat in Massachusetts under the GOP banner, often mentions the truck he’s used to campaign around the Bay State, and his opponents don’t like it one bit.

President Obama, Massachusetts Sen. John Kerry and state Attorney General Martha Coakley, the Democrat running against Mr. Brown, each bashed the truck at a rally on Sunday organized to help increase Democratic turnout for the special election on Tuesday.

Mr. Kerry, the first speaker in the lineup, used the truck to liken Mr. Brown to Republican former President George W. Bush. “I’ve got news for you, Scott: George Bush drove a truck, too, and look where it got us,” Mr. Kerry said.

Then Mrs. Coakley picked up the theme. “I’ll tell you one thing: Just because you’re driving around Massachusetts in a truck doesn’t mean you’re going in the right direction,” she said for an applause line.

Her remarks were followed by a series of jabs at the truck made by Mr. Obama. “He’s driving his truck around the Commonwealth …. Well, you’ve got to look under that hood because what you learn makes you wonder,” Mr. Obama cautioned.

He also told voters to “forget the ads.”

“Everybody can run slick ads. Forget that truck. Everybody can buy a truck.”

But Mr. Obama couldn’t forget that truck himself. He brought up the truck again to make a dig at Mr. Brown’s opposition to a bank tax by saying, “He decided to park his truck on Wall Street.”

The retort

“Mr. President, unfortunately in this economy, not everybody can buy a truck.” — Mr. Brown’s reaction to Mr. Obama’s truck slam.

“Forget the truck,” says the man who clearly couldn’t forget the truck.

It’s almost the “guy-version” of the raving, spitting, frothing, insane mad Sarah Palin hatred.  You take a good-looking, average, decent guy, and just watch the liberals erupt into total madness.  They just become unhinged when they see an ordinary American trying to take their power away.

Thank God airplanes have windows, or ordinary Americans living in “flyover country” would have to continually keep umbrellas due to all the liberals trying to spit on them.

Obama Promise To Transcend Political Divide His Signature Failure And Lie

November 11, 2009

Back in March of 2008, the New York Times correctly identified what they described as the CORE of Barack Obama’s promise to the American people, and they correctly identified why reasonable people should be skeptical:

WASHINGTON — At the core of Senator Barack Obama’s presidential campaign is a promise that he can transcend the starkly red-and-blue politics of the last 15 years, end the partisan and ideological wars and build a new governing majority.

To achieve the change the country wants, he says, “we need a leader who can finally move beyond the divisive politics of Washington and bring Democrats, independents and Republicans together to get things done.”

But this promise leads, inevitably, to a question: Can such a majority be built and led by Mr. Obama, whose voting record was, by one ranking, the most liberal in the Senate last year?

Anyone who possessed more reason than their dog or cat, of course, should have known that the answer to the last question would be a resounding “NO!”  If Obama had wanted to be a “unifier,” he wouldn’t have been the most liberal (and radical) member of the U.S. Senate.

And of course, anyone who truly possessed even a shred of bipartisanship wouldn’t have spent 23 seconds in Jeremiah Wright’s demagogic, racist, anti-American, Marxist church, let alone 23 years.

In other words, any reasonably intelligent person should have known that Obama’s core promise as candidate was in actuality a cynical deception from a fundamentally dishonest politician who was cravenly willing to pass off any deceit to get himself elected.

Did Obama even attempt to live up to his core promise?  Not even close.

“Don’t come to the table with the same tired arguments and worn ideas that helped to create this crisis,” he admonished in a speech.

That speech – with that hard core partisan attack – was delivered within less than THREE WEEKS of his taking office.  Obama was claiming that Republicans didn’t even have a right to present their ideas, much less have any of their ideas or contributions considered.  Some attempt at “bipartisanship.”

It nearly immediately became obvious that Obama’s “transcending the ideological wars” was a cynical marketing gimmick offered by people who had no intention of living up to their campaign rhetoric.

Republicans reacted angrily to the president’s change in tone. Mr. Obama and the Democrats were talking eloquently about bipartisanship, they said, without letting the Republicans have any real influence.

“There is a disconnect between the tone of what I’ve been hearing, from the White House and the Democratic leadership, and the substance of what I’ve been hearing,” Sen. Lamar Alexander (R., Tenn.) said on the Senate floor Friday. “We thought what [bipartisanship] meant is that the president would define an agenda and then we’d sit down together and put forth our best ideas.”

If Republicans such as Lamar Alexander actually thought that way, they were as gullible as the American people who swallowed Obama’s lies much the same way that fish in a pond gobble up obnoxious kids’ spit.  Like those disgusting snot-filled lougies, Obama’s core promise of transcending the partisanship was something that the American people were so hungry for that they rushed to thoughtlessly gobble up even the most disgusting substitute.

Here’s what Obama recently said to Democrats, again as reported by the New York Times:

Mr. Obama, during his private pep talk to Democrats, recognized Mr. Owens’s election and then posed a question to the other lawmakers. According to Representative Earl Blumenauer of Oregon, who supports the health care bill, the president asked, “Does anybody think that the teabag, anti-government people are going to support them if they bring down health care? All it will do is confuse and dispirit” Democratic voters “and it will encourage the extremists.”

Note to world: Obama is talking about his own citizens.  And his hatred for them drips out like venom.

Not only is this caustic remark in no way close to anything even faintly resembling “bipartisanship,” but it is in fact diving to the bottom of the partisan, idelogical watters where the most loathsome bottom feeders reside.

Obama has demonized George Bush, demonized Wall Street (after having cynically taken more campaign contributions from Wall Street firms than anyone), demonized banks, demonized American citizens for exercising their rights at tea party events, demonized car manufacturers, demonized health insurance companies (whom he demagogued as “filling the airwaves with deceptive and dishonest ads” even as HIS administration and party trotted out lie after lie against them), demonized doctors (whom he claimed amputated diabetics’ feet and yanked out childrens’ tonsils just to pad their fees), repeatedly demonized and attempted to undermine Fox News, demonized the U.S. Chamber of Commerce, and demonized anyone else who disagreed with his radical agenda.

George Bush never even came close to being such a demagogue.  I frankly don’t believe that even NIXON was such a demagogue.

I have never seen such constant demagogic and demonizing rhetoric – against American citizens and American businesses – from a U.S. president of either political party in my adult lifetime.

That divisive demagoguery, in spite of his many promises to heal the divide and restore bipartisanship, is Obama’s biggest failure.  And his biggest lie.