After the world watched the presidential debate, we watched the bail-out/rescue debacle, wondering how we got into this mess and how the folk who got us into this mess are going to get us out.
The Democratic-controlled Congress said they wanted a bi-partisan solution, but derailed the process as they again pointed the fickle finger of fate at President Bush and Republicans. Funny, they never cared about bi-partisan votes before.
House Speaker Nancy Pelosi called for a 50/50 bi-partisan vote, sabotaged it with a hateful, finger-pointing speech, and then blamed Republicans when they backed out and the bail-out bill didn’t pass. It still could have passed, but she failed because 95 (40 percent) of her own fellow Democrats voted against her.
As I listen to U.S. Rep. Barney Frank, D-Mass. and U.S. Sen. Chris Dodd, D-Ct., I want to just scream, “You idiots, you broke it, now fix it. Take back some of that money you let
Franklin Raines and others steal in their predatory housing schemes.”
On the campaign trail, Obama then says to his adoring public that it doesn’t matter who’s at fault and who gets credit for fixing it, but in the same breath blames Bush and John
McCain and pats himself on the back for being the knight in shining armor.
“What’s good for the country” has become the rallying cry for Congress. But whose standards are we using?
Incredibly, the $700 billion bail-out included $140 million demanded by House Democrats for ACORN (Association of Community Organizations for Reform Now), a radical left-wing multi-million dollar organization, which has been indicted in several states across the country for voter registration fraud for the purpose of stealing elections.
ACORN brags on its website that it “is the national’s largest grassroots community organization of low-and moderate-income people with over 400,000 member families organized into more than 1,200 neighborhood chapters in 110 cities across the country.”
ACORN and Project Vote, the organization that Obama ran in Chicago, says they have registered more than 4 million minorities and low to moderate-income citizens.
And after ACORN and other activist groups accused the banks of “redlining” blacks and minorities in mortgage lending, ACORN became one of the nation’s largest affordable housing developers, made possible through the Community Reinvestment Act (CRA), particularly after the Democrats sponsored the “Affordable Housing Trust Fund” which granted “ACORN access to approximately $500 million in Fannie Mae and Freddie Mac revenues with little or no oversight.”
The CRA was President Jimmy Carter’s initiative, which “forced banks to make loans to low-income, high-risk customers.”
This bail-out of Fannie Mae, Freddie Mac and Wall Street pushes us further and further away from capitalism and closer to socialism, and the redistribution of wealth as promoted by Obama.
James Simpson writes about Obama’s socialist leanings in “Barack Obama and the Strategy of Manufactured Crisis,’’ an article in the American Thinker (www.americanthinker.com) that will make the hair on the back of your neck stand up higher than a Freddie Krueger horror movie.
In it, he meticulously details how “the influences on Obama’s life comprise a who’s who of the radical leftist movement…”
Simpson also contends that Obama “can be tied directly to a malevolent overarching strategy” known as “The Cloward-Piven Strategy of Orchestrated Crisis.”
As we take a front row seat to the bloodless collapse of our financial markets, we see that this scripted fiasco has been a long time coming, between the “sixty years of virtually unbroken (Democratic) power in Congress” back to a Democratic-controlled Congress, broken only by 12 years of Republicans.
The Democrats had oversight responsibilities and closed their eyes to the oncoming train, didn’t warn anybody, and then blamed Republicans and George Bush, who tried to warn everybody years ago.
Capitalism is under attack by design, and Obama has become the face of that attack. Wrap it in whatever pretty package you want, the government paying for people’s health care, homes, education, etc. is socialism. And this week’s bail-out is just that.
Every other country is moving toward our capitalism model, and we’re moving away. Once the capitalism door closes, it doesn’t open again.
Be careful what you wish for. Looks like the end game to me.
Barbara Howard is president of Barbara Howard & Associates and the Florida state chair for C.O.R.E. (the Congress of Racial Equality).