Posted on 10/02/2008 6:51:51 AM PDT by Hillary'sMoralVoid
It was no surprise that my son plans to vote for Obama. He's been veering left throughout his college years. We had a rather heated discussion about Obama on the phone. I told him that Obama was a socialist. His response was "maybe a little socialism won't hurt". Here is my written response.
Dear Son,
When we discussed Barack Obama and I said he was a socialist, I remember that you responded that "maybe a little socialism won't hurt."
We are now in the midst of an economic crisis of global proportions, the results of which will impact much of your life and perhaps even your children's lives.
This is the result of a "little socialism". Community activists, like Barack Obama and Jesse Jackson, with the help of groups like ACORN, pressured banks into giving favorable loans to minorities in blighted areas of urban America. The banks did one of two things, they either closed the targeted branch, or complied and lost money.
This pattern continued through the 1990s and became more and more insideous. Loan amounts were increased, qualification standards were relaxed, down payments were eliminated. Things became so loose that even illegal immigrants were receiving loans with little down payment or proof of income.
This was done in the name of social engineering, trying to increase minority home ownership to people who clearly couldn't afford it. In short, govenment making decisions that market should make, in short, socialism.
The "CEO's" of Freddie Mac and Fannie May received higher bonuses the more loans they gave, so they had a financial incentive to make more loans. Two execs, Franklin Raines and Jim Johnson, raked in over $100M in personal bonuses between them. They were fired for cooking the books and overstating financial health of their organizations, a'la Enron. They both are now advisors to the Obama campaign.
Over the years, the Republicans have called for more regulation and oversight of Fannie/Freddie, Bush pushed for it over ten times. McCain co-authored legislation to that effect. The Democrats were incredibly protective, fighting off any oversight, despite all the warning signs of problems.
Perhaps it was the contributions. Obama is the top recipient of Fannie/Freddie political contributions in the last three years, with the top recipients being overwhlemingly democrats.
Since controlling congress the democrats have covered for the abuses, and have tried to deflect blame to the banks involved with the loans. It's quite remarkable that they would cite greed of the banking industry for getting involved in high-risk, low-profit loans. In fact, the banks became involved out of political correctness as well as some political coercion and cronyism. One of the early banks in the sub-prime mess was Bear-Stearns, one of the first to fail.
I know that you were delighted to see Ken Lay of Enron go to jail and so was I. The cost of the Fannie/Freddie scandal is already over ten times that of Enron, just for the United States, and is likely to end out costing us more than double that. Mom and I have lost a lot of our retirement savings because of this scandal.
Now we have a bailout plan that doesn't fix the core problem of sub-prime loans. A criminal investigation is underway from the U. S. Attorney's office on Freddie and Fannie. How far will that go with the democrats in control? (If you like conspiracy theories, there are many who think that former New York Attorney General Elliot Spitzer was set up in the callgirl scandal because he was getting too close to too many important people in Washington.)
So why am I so fearful of socialism? Why did I make a career of fighting it? How much can a little socialism hurt?
Love, Dad
Good letter! Dare I say it — some of the “vanities” appearing on FR in the last couple weeks are better than the pig fodder “nooz” articles coming off the “treasonous classes” printing presses.
I have already had a reply from a business associate who passed it on without even looking at the video.
To all my Family, Friends and Business Associates,
I have a strict rule to NEVER pass on junk mail or bother folks with unnecessary baloney, but today I am breaking my rule and asking you to give me just a few minutes of your time.
I don’t have anyway to know how most of you are planning to vote. I don’t know if you are undecided, decided or even if you are registered, but I would like to ask you to click on the link that I have provided and watch this video. It is not an advertisement for any candidate.
http://www.dailymotion.com/video/k6KUDv1wzraWhwlBt1
It is actually a television interview that was recorded in 1985. You may wonder how something so old and outdated could possibly relate to today’s election and economic crisis. Well, the person interviewed seems to have looked 23 years into the future. You just have to watch it to understand.
Many, many people in our country seem to have a tiny idea in the back of their minds. Have you been thinking, quietly, to yourself, “Maybe a little socialism won’t hurt. Maybe just a touch of communism would be a good thing for our country.”? If you have been thinking this way, I am begging you to just watch this video. I know those are strong words (maybe it even sounds silly), but that is how I feel. Please take a few minutes and watch this through to the end.
Many other people are also feeling that our country is going down the tubes and there is no point to bothering to get out and cast a vote this year. Please watch this video. Please talk to the people you know about it. Please vote.
And if you are not registered, it is probably not too late. Regardless of how you vote, you must vote, simply because you are FREE to do so. I know in Colorado you have until Monday, October 6th. You just go to your County Clerk’s office (the same place where you buy license plates) and fill out a form.
Thank you for taking time to read this.
Very, very good video. THANK YOU
Everyone, EVERYONE should spend 20 minutes viewing this.
*here is a video of a great interview (1985) of a KGB defector, Yuri Bezmenov, who discusses the Soviets’ long-term plan to destabilize the West. It’s a real eye-opener, as he describes in great detail how it goes much deeper than just Soviet Russia...*
http://www.poorschmuck.net/wordpress/?p=6306
Great letter - sorry about your son. I thank God every night for my two conservative kids...
Hope you enjoy that high school drop out giving you meds in the hospital, or the kid from McDonalds handling your tax return or legal problems.
Tell your son that socialism is guaranteed to wipe out his inheritance — you’ll become broke long before then.
If 10 million “undecided” Americans watched that video, and really listened to what Bezmenov has to say, that electoral map would be painted red! (Republican-red, not Soviet!) =)
*If 10 million “undecided” Americans watched that video, and really listened to what Bezmenov has to say, that electoral map would be painted red! (Republican-red, not Soviet!) =)*
What a great thought ~ maybe you can pass it on.
Did you know word_warrior_bob has a terrific thread about it?
http://www.freerepublic.com/focus/f-news/2094322/posts
Refute it if you feel that you should or can.
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What did I say to make you think I might refute it? I have said on this forum that while I believe we do have women in this nation who might be good candidates for president, Palin is the current example, I think women in general should NOT vote because they do exactly as you say. I hope Obama is the one who will wake the female voting population from their hypnotic belief in the Democrats. He is so against everything this country is built on that only the willfully ignorant can believe he would do anything other than bring total ruin.
I was afraid you’d take that as a challenge to you instead of in general. sorry for offense.
I was afraid you’d take that as a challenge to you instead of in general. sorry for offense.
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I am not offended at all. I just wanted to be sure we understood each other, it appears that we are in complete agreement.
And what’s more.... your mother and I are likely to be living with you in our old age since we have nothing left for retirement....
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