Rush In A Hurry -- Who Tried to Crash the US Economy to Elect Obama?

RushLimbaugh.com ^ | 02-10-09 | Rush Limbaugh

[GOP_Lady]

On Today's Show...

 

Blockbuster! An electronic run on money market accounts nearly destroyed the US economy. Who was behind it, and was it aimed at helping Obama win? (Rush 24/7 Members: Listen Here)

• Zero Hedge: How The World Almost Came To An End At 2PM On September 18

 

Obama and Geithner are a team of con men. Obama aims to con the liberal base and the media. Geithner aims to con Wall Street. Neither can con us. (Rush 24/7 Members: Listen Here)

 

"Where is the damn saucer?  The Senate is supposed to be the saucer that cools the overheated stuff in the cup which comes from the House.  The Senate didn't slow anything down! They didn't get deliberative. Nobody knows what they've signed here, as is evidenced by national health care provisions being in the stimulus package." -Rush Limbaugh

Obama wants this Porkulus bill passed now, now, now, before anyone can read it. Why? Because left-wing items like nationalized health care (with rationing for the elderly) are hidden inside.

• Betsy McCaughey: Ruin Your Health With the Obama Stimulus Plan

• Ed Koch: Democrats Using "Stealth" to Re-engineer Society with "Stimulus" Package

• Parodies: Daschle Health || Obama Recession (Voices by Paul Shanklin)

 

"There is an all-out war on achievement in this country -- on Wall Street, in the executive suites, in the heartland -- being conducted by Obama and the Democrat Party." --Rush Limbaugh

 

Americans at a town hall took their chance to speak to a President, and used it to beg for free stuff -- a kitchen, a salary, a new job. It was sad. (Rush 24/7 Members: Listen Here)

Two Americas watched the president's press conference. One America (led by the Drive-By Media) was dazzled by the supposed brilliance. The rest of us thought he sounded like Castro.

 

Why is Rush the defacto GOP head? Because he's the only one articulating conservatism in a party that thinks McCain-type moderation wins. Democrats love those kinds of Republicans.

Rush's Stack of Stuff Quick Hits Page...

» Dingy Harry Brags Over Porkulus Passage » Duke's Munger on Politicians, the Economy
» Lib on Lib Crime: Unions Sue Each Other in CA » TN GOP Dumps New House Speaker

» Inmates Literally Run the Asylum in California (all in the name of health care, folks!)

 

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[little jeremiah]

If you post your essay, ping me please.

[KevinDavis]

We where due for a correction, by right before an election???

[happygrl]

. I think this was a deliberate attack on the western financial markets by our enemies/commies and our government isn't going to tell us the truth about it.

I believe that as well.

It explains the sheer panic on the faces of all involved in the TARP and the vagueness of the explanations.

It was a Financial 9-11.

[jveritas]

Too much coincidence isn’t?

[KevinDavis]

It is... I’m glad I’m not the only who thinks this way..

[Virginia Ridgerunner]

Cedric, I find it extremely interesting that you’re hanging out at Nichole Wallace’s blog. You wouldn’t be Nichole herself, or one of her lackeys, would you?

[Cedric]

I simply won’t allow charlatans, fools and simpletons to distort historical fact.

That’s why I’m so desperately needed around here.

[Cedric]

Cedric, I find it extremely interesting

Yes, I am an extremely interesting fellow....

...also amazingly virile.

[Cedric]

You are clearly wasting my time.

Well, it's not like I was wasting anything of value.

[JACKRUSSELL]

[MHGinTN]

Posted on my blog page:

How Chuck Schumer Caused the 2d Largest Bank Failure in U.S. History (Important Read)
CNBC ^ | July 12, 2008 | Jerry Bowyer

Federal officials aren’t supposed to cause bank runs. In fact, much of the New Deal bank regulatory apparatus was set up for the purpose of eliminating such panics. When FDR was hit with a massive set of bank runs shortly after taking office, he gave an address in order to calm terrified depositors, assuring them that the banks would reopen shortly, and that everything would be fine. But Chuck Schumer is no FDR. He doesn’t stop bank runs; he starts them. Or, at least, has started one. The collapse of Indymac bank, the second largest bank failure in American history, began with a letter from the office of Senator Charles Schumer on June 27. He questioned the viability of the bank. When a senior senator who is in a number of influential posts regarding oversight of bank regulators directly attacks the confidence of a depository institution, it matters. Not surprisingly, the director of the Office of Thrift Supervision concluded that the collapse of the bank immediately following the Senator’s comments has not a coincidence. Director Reich concluded that Senator Schumer had ‘given the bank a heart attack’.

Why? Why would a federal official with enormous power, destroy an institution on which tens of thousands of depositors (not all of whom are insured) and employees depend? Why would a New York Senator attack a Pasadena bank, acting as some sort of amateur, self-appointed, long-distance bank examiner?

Perhaps this might help answer the question: Indymac has been under attack from the hard left. The Center for Responsible Lending issued an attack on Indymac within a few days of Schumer’s letter.

CRL is part of a small army of left of center ‘research’ groups, community organizers, and public interest law firms who make their living accusing home lenders of racial redlining and predatory lending. On June 20th the Center accused Indymac of unfair practices regarding minority borrowers. [CRL is a left-wing group that refuses to disclose its donors, but somehow has raised enough money to open very expensive offices in Washington and Sacramento. They are the Democrats' favorite witness at hearings on mortgage lending. CRL is in some ways responsible for the subprime mess, because in December 2006 it released a completely bogus report that projected 2 million foreclosures would occur. That number is taken as gospel now, but it has not materialized. This is a group of lying leftists that is trying to break the U.S. mortgage industry, and appears to be succeeding, with the help of Chuck Schumer. Some people think that one or more large U.S. or foreign banks is actually bankrolling CRL.]

A suspicious person might think that a network of lefty attack groups proficient in bank bashing and frequently funded by trial lawyers and short-sellers, coordinated their activities with a law firm on the hunt and a Senator who works closely with the network.

On the other hand, maybe it is a coincidence that CRL and Sen. Schumer attacked the same bank in the same week. Maybe he didn’t know about the CRL report, nor CRL about his letter. Maybe the community group didn’t know about the trial-lawyer class action lawsuit which was launched against Indy a couple of weeks before all of this started.

Yeah, right.

The political class is shifting left. We’re likely to get Obama and Nancy and Harry running the most advanced economy in the world next year. The investor class doesn’t like what it sees coming. That’s why it is scaling back. Capital is going on strike, and we won’t come back to the table until we see that we have a chance to a fair deal.

[MHGinTN]

Ping, if you haven’t seen the Bowyer article.

[Toespi]

The one person we know who benefited the most that day was Barack Obama. McCain was up 8 pts. in the polls, Obama was getting hit pretty hard and WHAM, it turned around over night. The contiunal reminder from the media regarding how Obama’s strength was the economy, changed the polls in two days. He never looked back.

[GOP_Lady]

Thank you very much for that information.

[NeoCaveman]

“Soros is famously known for “breaking the Bank of England” on Black Wednesday in 1992. With an estimated current[update] net worth of around $9 billion, he is ranked by Forbes as the 101st-richest person in the world.[1]”

http://en.wikipedia.org/wiki/George_Soros

[ding_dong_daddy_from_dumas]

I simply won’t allow charlatans, fools and simpletons to distort historical fact

I suppose the thought has never occurred to you that you might be doing the same things that you accuse others of doing? For example in #61 you have no link, so if I operated like you, I would accuse you of making it up. It would help to have a link, so we could see the context. What you posted in #61 seems to shift the blame to Pelosi.

Nancy Pelosi will doom the White House legislative agenda with her hyper-partisanship....

Maybe Wallace writes whatever pops into her head. I would not trust her based on what I have read.

[MamaLucci]

Hey, anyone know where Warren Buffet is in all this? I mean he was gonna be Bambi’s ADVISER in all this, but somehow has just dropped off the radar..

That is a VERY good point....

[appleseed]

Is this the result of SEC action due to the electronic run on Sept. 18,08 or is it unrelated to that:

http://www.sec.gov/rules/other/2008/34-58592.pdf

[rdb3]

Ever since this began, I saw George Soros’ fine traitorous hand in it. He has the connections and the money to at least start a snowball down the hill. And this POS has been trying to buy himself a President since Gore.

All of this was just way, way, way too coincidental for me, especially when the markets were up to 13,000 in June (Let’s see, Market up to 13,000, 4.75% Unemployment...so what the heck was WRONG with the Bush economy?)

Good question, but there's no such thing as a coincidence.,

Amazing << Hear this. Feel this, and tell me that this isn't music.

Hey Barack HUSSEIN Obama, I went to Harvard too! That was the worst fieldtrip of my life, but I went there...

[Cedric]

Maybe Wallace writes whatever pops into her head.

It certainly seems so.

There is nothing in her scatter-brain writings to legitimize the contention that she is now "an Obama supporter".

{Links? I don't need no stinking links!}