Good time to re-read this:
Barack Obama and the Strategy of Manufactured Crisis
http://www.americanthinker.com/2008/09/barack_obama_and_the_strategy.html
Also a breakdown from an alert commenter at GW:
There is a method in the madness of our Dear Leader’s disingenuous and outrageous lies.
Our dear Deceiver in Chief is the perfect embodiment of the “Cloward-Piven” strategy first proposed in ‘The Nation” in 1966. This strategy proposes that our Republic be brought down through a series of orchestrated crisis. The radical marxist professor/ community organizing husband- wife team of Richard Cloward and Frances Piven were the moving force behind such wonderful concepts of “Welfare rights”, the motor voter law and aiding the Palestinian cause through their group Humanserve.
The current financial collapse has all the hallmarks of an ‘orchestrated crisis”. On September 15, over only one to two hours, according to Congressional sources, some one or something initiated a $550 Biillion dollar run on the Money Market Securities Market. $550 B is approximately 1/6 of that entire market. In one to two hours! That run caught the Fed by complete surprise and prompted the Fed to hastily intervene under duress and propose the disastrous failure TARP to stem the crisis.
This run was set up by years of full court pressure by the leftist Democrats to undermine our financial, regulatory and political system, that followed the Cloward-Piven Strategy to a T.
The immediate causes prior to the collapse were many:
The Fannie/Freddie policies of pressuring banks to underwrite under collateralized loans to the urban poor unsupported by sufficient income.
The expansion of bank reserves of Securities firms from 12 to 1, to over 30 to 1.
The lax regulation of derivatives and unregistered hedge funds.
The opaque and uncoordinated relationship between Fed, the Treasury and the SEC where there is an unclear line of oversight.
The refusal by the Democrats in Congress to reform the financial system in general and mortgage lending practices in particular.
The Pelosi/Reid strategy of restricting oil drilling on US reserves to drive up the price of oil and thus Gold, forcing the Fed to raise interest rates.
The Democrats, with the help of corrupt moderate Rinos, were the driving force behind all these causes of the collapse.
Barrack and the Clowards-Pivens team ran in the same circles and had to know each other, although Richard Cloward died in 2001. ( His wife still lives.) Cloward taught at Columbia when the Bama was there, and the Bama always gravitated to the most high profile lefties and marxists. All three were prominent community organizers. All three were heavily involved in voter registration and low income mortgage drives pushed by ACORN. And all three were vehemently against welfare reform.
Barack had to know of this “orchestrated crisis” strategy. His every move under the banner of hopeful change is designed to prolong this financial crisis or create new crisis. The list of Obama moves to undermine long standing government policies and strategies in just one month is already way too long to review. Huge spending that we can’t possibly fund. Tax increases in a recession. Carbon Taxes that will break our energy supply system. Marxist health care. Card Check. Undoing welfare reform. Releasing Terrorists. Undermining interrogations. Allowing the Swat area of Pakistan to go Sharia. Backing off missile defense. Funding Gaza. Offering to destroy 80% of our nuclear arsenal.
The list goes on and on. The guy is on a mission to takeover and take down this Republic.
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DoD officials vow secrecy on budget
By JOHN T. BENNETT , Defense News
February 19, 2009
The Obama administration has directed defense officials to sign a pledge stating they will not share 2010 budget data with individuals outside the federal government.
In an undated non-disclosure agreement obtained by Defense News, the administration tells defense officials that strict confidentiality must be practiced to ensure a successful and proper 2010 defense budget process.
The secrecy pact comes as dozens of Bush-era Pentagon appointees remain on the job, asked to stay on by the Obama administration until replacements are confirmed to ensure continuity during wartime.
The Pentagon and Office of Management and Budget have agreed on a fiscal 2010 defense budget top line figure of $537 billion. That level is nearly $50 billion lower than the $585 billion defense plan created during the final months of the Bush administration, and $24 billion higher than the already enacted $513 billion 2009 defense budget.
Thanks for the post...forwarded it on.