John W. Lillpop
Eventually, the American people and the
mainstream media are bound to wise up to Barack Obama’s bait and switch scheme of screaming “crisis”
in order to waste trillions more of the U.S. treasury on failed liberal
Obama’s latest “wolf” cry involves his Marxist proposals
for reform of the financial industry. In a nutshell, Obama wants to
destroy private enterprise in the financial industry by replacing it
with onerous government regulations and
And why not?
After all, the government has
amassed an astounding record of success in fixing unemployment with a
trillion dollar stimulus, managing Social Security and Medicare into solvency,
stabilizing the real estate market by forcing lenders to approve mortgage loans based on
race and or ethnicity quotas rather than on ability to repay, and on and
Given that track record, why not hand Marxists the keys to
institutions and complete the devastation envisioned by President
Obama when he took office on January 20, 2008?
As reported at myway.com, in part:
(AP) – The U.S. is destined to endure a new economic crisis that sticks taxpayers with
the bill unless Congress tightens oversight of the financial industry, President Barack Obama
“The overhaul is the next major piece of
legislation that Obama wants to sign into law this year, but solid
GOP opposition in
the Senate is jeopardizing that goal.
‘Every day we don’t act,
the same system that led to bailouts remains in place, with the exact
same loopholes and the exact same liabilities,’ Obama said in his weekly
radio and Internet address. ‘And if we don’t change what led to the
crisis, we’ll doom ourselves to repeat it.
‘Opposing reform will
leave taxpayers on the hook if a crisis like this ever happens again,’
the president said.
A proposal that Senate Democrats are
readying for debate creates a mechanism for liquidating large financial
companies to avoid a meltdown.”
Sound familiar? It should
because it is the same fear-mongering rhetoric that Obama used in
begging for the original bail out, the stimulus debacle, and health care reform.
all, Obama believes that crisis, real or managed, is an excellent
opportunity to implement his Marxist agenda.
Obama going to get away with his bait and switch double talk?