Barack Obama and the Strategy of Manufactured Crisis
Whether by Fabianist incrementalism, or by catastrophe and revolution, the Socialists win, in their strategy.
Posted on 09/28/2008 12:38:39 PM PDT by TLI
http://money.cnn.com/2008/09/28/news/pdf/index.htm
(Excerpt) Read more at money.cnn.com ...
Something from back in my Texas Minuteman / original Minuteman Project days tells me La Raza gets money from this source.
Freeking LA RAZA
Ditto Thelma Drake's office (R-VA). If nothing else, we'll be making some noise up on the Hill today.
It’s a slush fund for liberal community organizing groups.
Barack Obama and the Strategy of Manufactured Crisis
Whether by Fabianist incrementalism, or by catastrophe and revolution, the Socialists win, in their strategy.
"Read my lips, NO NEW BAILOUTS"!--Bush41
"JUST SAY NO"!!--Nancy
"THIS MUST NOT STAND"!--Bush41
"The government is not the solution to our problems,,,,the government IS THE PROBLEM"!--the Gipper
TAXPAYERS BAILING OUT FOREIGN BANKS
NO VOTE NEEDED TO GO TO 700 BILLION
HOUSE CAN ONLY VOTE ON SENATE VERSION-NO AMENDMENTS
RENEGOTIATING MORTGAGE RATES WILL SCREW THE GOOD GUYS WHO PAY THEIR BILLS
How do they explain, that it does? Please document.
It was all a setup from the beginning. Remember Paulson called and said McCain was "needed" in Washington to help. So McCain believes them, leaves the campaign trail, goes to DC and is mocked by his "friends" of life up there.
At this point I think McCain is shocked they would do this to him and doesn't know what to do next.
When this election is over, the anger will be even worse.
Won’t use cnn. Any other sources?
I posted it on my webspace: http://projectkhalid.org/firstdraft.pdf
Another aspect that disturbs me is that the only regular “oversight” will come from the people most at fault:
(b) MEMBERSHIP.—The Financial Stability Over5
sight Board shall be comprised of—
6 (1) the Chairman of the Board of Governors of
7 the Federal Reserve System;
8 (2) the Secretary;
9 (3) the Director of the Federal Home Finance
10 Agency;
11 (4) the chairman of the Securities and Exchange Commission; amd
13 (5) the Secretary of Housing and Urban Development.
Repeat after me...The Fix Is In.
The bailout is so scary, like something out of a nightmare.
I guess the democrats DO BELIEVE IN ‘TRICKLE DOWN ECONOMICS’...as long as it trickles down from the people who pay their taxes to the government./sarcasm
THE LOOTERS ARE GETTING WAY TOO MUCH MONEY!! THEY ALREADY GOT 300 BILLION IN JULY!! THIS IS RIDICULOUS!
Great; thanks for that link. I’ll be going over this with a fine-toothed comb. Cursory glance indicates that it’s not as bad as Paulson/Dodd; it has the insurance program which “shall” be established if a Troubled Assets Program is established. As I read it, the insurance is optional for banks, but if it is true that the assets are currently undervalued, and a push is all that is needed in the credit markets, then this may work. A few places will get bailed out, the markets will move, and the other investment institutions will feel that rather than sell the assets to the Feds, they can just get them insured and pay a premium. It may seem like few banks will do this, but in fact, I think there is a high likelihood that quite a few will take advantage of this option, depending on what happens in the early stages.
Looking at other provisions now...
Another good thing: only $50Bn is committed initially; any additional sums are predicated on the Secretary/Board providing appropriate reports on the actual estimated sums needed within 7 days of each $50bn allocation. So they’ve really reined in Treasury from the “King of the Universe” powers Paulson originally sought. There’s a de facto no-bid provision, but frankly, no bid service contracts are actually a much better deal for taxpayers (don’t get me started on how stupid most government procurement laws are).
Still reading...
No it’s not. That provision is in Brackets. In legislative drafting, matter in brackets is deleted language from a previous draft.
PLEASE NOTE: This is a legislative draft; all language in brackets [] is deleted, assuming they are using standard legislative drafting markup. I’ve done enough of these at the state and local level to recognize it; it would not be clear to those who don’t read draft legislation.
ACORN is gone, people.
No it isn’t. Please read above and stop bothering your congressmen about this issue—they’re other things they have to look at.
The ACORN/La Raza provision is dead. We can thank Boehner, Cantor, and most of all, McCain for killing it. Without McCain parachuting in on Thursday, it would have been a done deal.
The referenced link no longer works. The CNN story now has a disclaimer at the end stating:
An earlier version of this article incorrectly reported that Congress had publicly released the draft bill CNN obtained.
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