Socialism through the back door.
By Ted Belman
The American Thinker just published a very important article Barack Obama and the Strategy of Manufactured Crisis by Jim Simpson.
As the title implies, this crises didn’t have to be. If you were a radical socialist and wanted to overthrow capitalism you would create a situation which required a massive intervention (socialism) to correct. The end of it all was that the government pays for housing for the poor and owns Wall Street.
Maggies Notebook puts it this way
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Finally, an article has been written that irrefutably chains Barack Obama to the most odious leftist movements in the United States today. Furthermore, it presents conclusive evidence that Obama not only knows of, but has participated in promotion of the Left’s apocalyptic strategy of destruction for the United States: the Cloward-Piven Strategy of manufactured crisis.
Quote from Saul Alinsky - Rules for Radicals 1989: Make the enemy [Conservative thought] live up to their (sic) own book of rules,” When pressed to honor every word of every law and statute, every Judeo-Christian moral tenet, and every implicit promise of the liberal social contract, human agencies inevitably fall short. The system’s failure to “live up” to its rule book can then be used to discredit it altogether, and to replace the capitalist “rule book” with a socialist one.
Not that we didn’t see it coming. As the NY TIMES pointed out in 1999,
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Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980’s.
”From the perspective of many people, including me, this is another thrift industry growing up around us,” said Peter Wallison a resident fellow at the American Enterprise Institute. ”If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.”
Nancy Pelosi can blame greed or deregulation all she wants but the socialists are responsible and not the capitalists.
The socialists get a twofor. They legislated home ownership for all at the cost of the state and end up owning Wall street. They are the big winner in all this and must be celebrating their success in undermining capitalism.
Oy vey! I dislike and distrust Obama as much as the next guy on Israpundit and the American Thinker but this is just balmy. Did you check out that “connect-the-dots” flow chart in the Maggies Notebook article? This is the same sort of conspiracy nonsense and paranoid propaganda perpetrated by the 9/11 Truthers and others on the left (Max, Alex Eisenberg) who would have us believe that the current financial crisis has been manufactured by the “right-wing corporate elite power brokers” led by George Bush and Dick Cheney (Skull and Bones, you know) whose ultimate goal is a subversion of American democracy and a transfer of wealth from the masses to the CEOs of GE and Raytheon.
If this crisis grows worse, expect increasingly more bizarre and deranged conspiracy theories to take hold, probably leading to one which both left and right can agree on:
The Joooos did it!
Comment by Charles Martel — September 29, 2008 @ 7:27 am
You know, I originally wrote “Goldman Sachs” in place of “Raytheon” above and then edited because I knew that if I made reference to the former, there would be those who would seize the opportunity to point out that Goldman Sachs is not only likely to survive the current crisis, but ultimately profit handsomely as they are compensated for their holdings and acquire lots of distressed assets at fire-sale prices from their former competitors. Note this tidbit, for example. And of course, we know the author of the bailout plan, Treasury Secretary Hank Paulson, is the former CEO of that grand old investment bank. Now there’s grist for the mill.
Comment by Charles Martel — September 29, 2008 @ 8:34 am
Conspiracy theories aside,which was not my point, I argued the problem was socialism rather than capitalism as the Democrats contend.
Comment by Ted Belman — September 29, 2008 @ 11:06 am
In my article Obama followed his Communist mentor’s advice
Comment by Ted Belman — September 29, 2008 @ 11:12 am
Ted, you boldfaced it presents conclusive evidence that Obama not only knows of, but has participated in promotion of the Left’s apocalyptic strategy of destruction for the United States: the Cloward-Piven Strategy of manufactured crisis.
Your original post and the linked articles contained therein are completely centered on the notion that Obama and the Left have engineered this “manufactured” crisis as a means to destroy capitalism and assume the reins of power. This is precisely kin to leftists who claim that 9/11 and the subsequent wars were engineered by Bush & Co. to erode our civil rights and funnel money to the oil industry and military industrial complex.
There is no doubt that democrats in Congress have sought for many years to redistribute wealth (that is their charter) and to facilitate home ownership for those with marginal incomes through an expansion of Agency lending and interest rate subsidies. But through the same period, the Bush administration was keen to boast how home ownership in America had grown to a record high.
This is a classic case of both parties ignoring the 800 pound gorilla in the room while the good times rolled. Now that the gorilla has gone berserk and is destroying everything in its path, the finger-pointing and conspiracy theories have begun. By the time this carnage is over, both capitalists and socialists will have little to show for their “schemes”.
Comment by Charles Martel — September 29, 2008 @ 1:01 pm
I have been thinking myself today that its too much of a coincidence that this financial “crisis” is happening at this time so close to the election. It has occurred to me that there is behind the scenes manipulation going on of the financial system by wealthy Arabs who want to place Obama in the White House. An economic crisis obviously harms the current party in power in the White House, and by shifting focus on the economy away from national security, which is McCains strongest point, also benefits Obama. While Republicans are trusted more by the American public with national security, on economics they tend to favor Democrats, especially as you point out Ted, that they can place the blame for the situation on greedy capitalists which the public associates with the GOP. If you consider the way the primaries and caucuses were manipulated in favor of Obama and now with this financial situation timed weeks before the election, it is becoming increasingly clear that Barack Hussein Obama is indeed the manchurian candidate as I had said at the outset.
Comment by Laura — September 29, 2008 @ 4:08 pm
The Arabs shout out to the world that Jews are in control of the financial system, the media etc. to their own benefit. They say this in order to cover up the fact that the Arabs themselves control world finanical markets and manipulate them to their own benefit.
Comment by Laura — September 29, 2008 @ 4:12 pm
CNN radio news report-
Congress fails come to consensus on financial crisis.
Dow takes biggest daily dip ever.
Nothing further can be done until after the Jewish Holidays.
Comment by elvis — September 29, 2008 @ 5:50 pm
This just in:
Paulson is a covert agent of the Quigley mob, and had been infiltrated into government for the express purpose of destroying America’s economy. To date he has been exceedingly successful in this endeavor.
Bernacke has had an intimate relationship with G.Soros for many years and is a secret member of the most deadly association in the world today, the C.F.R.
Should Obama not win in November, his associates will conduct a putch and will declare The U.S., a Soviet republic.
I am not at liberty to provide additional details but, if you think that this is bad, wait until tomorrow when………….
Comment by h peskin — September 29, 2008 @ 6:18 pm
>Well yes, and I just will make a couple of points: First it’s both socialism and capitalism which resembles nothing of the egalitarian free enterprise of libertarian theory. And whether or not Democrats were deliberately creating a crisis misses the point that, party affiliation aside, there has been an inexorable drift to the left. And such artificial interventions have always failed.
This so-called economic unity not only means a common currency to facilitate trade, but the underwriting of the world’s poor in tax increases (Obama’s Global Poverty tax bill passed by voice vote so that there would be no record of those that approved it) to working Americans in the same way that they were forced to pay for affirmative action loans of the current crisis. Condoleeza Rice said that in such a scenario America will become more like China and China more like America, which you can read about here.
I am beginning to think that the prophecy of Gog and Magog is not a war between states, but materialism in which fascism and communism (two sides of the same coin) are pitted against the spiritual forces of Tanach.
Comment by elvis — September 29, 2008 @ 6:41 pm
There’s faulty logic at work here. First of all, socialist idealogy doesn’t condemn capitalists for not following any sort of “rule book” — it simply argues that capitalism, of its very nature, lends itself to monopoly and empire, which in turn destroy competition, thus destroying capitalism; the system then collapses under its own weight. No “rule book” is invoked, other than the rules of human nature. the socialists are correct, in predicting the end of capitalism. Their only error, is in thinking that Marx’s Judaism-inspired messianic vision of a “workers’ paradise” would replace it.
As for greed and deregulation being to blame, yes; they are to blame — sort of. Greed is one of the two engines driving capitalism (The other is fear). Deregulation is simply a tool of the greedy to get more gain. No conspiriacy is big enough to tackle these dragons. When greed has accomplished its worth, fear takes over — and along with it, regulation. The market then corrects, until greed again takes over. That’s capitalism, not conspiriacy.
Comment by BlandOatmeal — September 29, 2008 @ 7:34 pm
Hi, Elvis.
The “spam thingy” just ate my post too. It will probably regurgitate it later; but I’ll post it here anyway, just to show that the “thingy” can be beaten:
There’s faulty logic at work here. First of all, socialist idealogy doesn’t condemn capitalists for not following any sort of “rule book” — it simply argues that capitalism, of its very nature, lends itself to monopoly and empire, which in turn destroy competition, thus destroying capitalism; the system then collapses under its own weight. No “rule book” is invoked, other than the rules of human nature. The socialists are correct, in predicting the end of capitalism. Their only error, is in thinking that Marx’s Judaism-inspired messianic vision of a “workers’ paradise” would replace it.
As for greed and deregulation being to blame, yes; they are to blame — sort of. Greed is one of the two engines driving capitalism (The other is fear). Deregulation is simply a tool of the greedy to get more gain. No conspiriacy is big enough to tackle these dragons. When greed has accomplished its work, fear takes over — and along with it, regulation. The market then corrects, until greed again takes over. That’s capitalism, not conspiriacy.
Comment by BlandOatmeal — September 29, 2008 @ 7:37 pm
How’s that for “beating the thingy”? I guess the real answer is to do your post on Notepad, before typing anything into the box; then cut/paste.
The only problem, is that my original post may eventually come up as well.
Comment by BlandOatmeal — September 29, 2008 @ 7:38 pm
Laura, I’ve been posting long enough on Israpundit for you to know how I feel about the Arabs but if the Saudis wanted to crash the American economy so as to put Obama in the WH, they could simply cut oil production sufficiently to raise the price of a barrel to $200.
Remember, it was House Republicans (along with Democrats) who voted down the bailout package today which led to the stock market tanking.
Sometimes a cigar is just a cigar.
Comment by Charles Martel — September 29, 2008 @ 9:16 pm
I hope that I am not too far out in left field with this; it is obvious that Paulson will not be holding his job for long, how about Laura as his replacement? I think, repeat, I know she has the moxie for the job.
Comment by h peskin — September 29, 2008 @ 9:43 pm
Pesky, love your humour.
Comment by Ted Belman — September 30, 2008 @ 4:51 am