Banks Finished; Now Obama Strongarms Rest of Economy

Obama bragged about his success, in partnership with ACORN, in strong-arming banks to make loans they knew wouldn’t be repaid.

Obama (plaintiff ACORN) sued Citibank in 1994 to write Ninja mortgages – “no income, no job, or assets” mortgages. Mortgages which do not require proof of a borrower’s income. Nothing down. Soon banks around the country were complying with the new law established in Chicago.

Demand for real estate to “own” by Ninja borrowers skyrocketed.

Now the banks are ruined – in large measure due to Obama’s strongarm ACORN-inspired tactics to spread the wealth around. And, entire economies are in steep recession. Humans are suffering, massively. But Obama had his victory over the banks. The end, redistributing wealth, justifies the means, and however much human suffering it takes. The world is an economic disaster, as the direct result of Obama’s community manipulations. Americans are justifiably worried about their incomes, and about their jobs; but Obama is not worried about his job.

Now Obama wants victory and domination over the rest of the capitalist, free market industries that made America the most successful economy in history – energy, medicine, automobile manufacturing, information media, construction – you name it, Obama can run it better than capitalists; just like he did the banks.

Collectivism fails in whatever government schema it arises, usually catastrophically. Obama’s collectivist assault on banking is another striking example.

Story: Lest We Forget . . .

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White House Economy Booming!

After only a few short days as the first Arab-American US President without a birth certificate, economic genius Obama already has the economy positively BOOMING!

Maybe you don’t live in the White House, though.

“He likes it warm. You could grow orchids in there.”

Obama’s opulence is really for you to enjoy vicariously. The One trusts you are up to it. Maybe a few hundred $Billion handed out by Democrat politicians can be justified as training costs for vicarious enjoyment of The One’s extravagances by those who recently became unemployed. I am sure you hope home mortgages are still being handed out like condoms by The One, too.
Story here: Michelle Malkin Obama celebrates spending binge with cocktails and wagyu steak

After pushing his $1.1 trillion Generational Theft Act of 2009 through the House last night, the White House apparently decided to throw itself a swank cocktail party. According to ABC’s Jake Tapper, the menu included alcoholic beverages (vodka martinis are an Obama favorite, reportedly) and wagyu steak.

Yeah, “wagyu steak.” $100 per serving delicacy. I had to look it up, too.

On the heels of the most expensive inaugural celebration in American history and passage of a trillion-dollar spending binge that will saddle future generations with unprecedented debt, perhaps President Obama might consider cutting back on such indulgences.

Sayeth The One afore: “We can’t drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times … and then just expect that other countries are going to say OK.”

The One, however, is from Hawai’i, or Kenya or maybe Indonesia; in all those places it is WARMER than Washingdon DC or the Bush White House. The White House thermostat is now a cheery 75 degrees; or whatever suits The One.

The Obama Approach to Climate Control

A symbolic difference between the Clinton and Bush 43 administrations is that W insisted on a coat and tie at all times in the Oval Office as a show of respect, whereas Bubba didn’t even feel compelled to keep his pants on. But jackets are no longer required under Chairman Zero. The New York Times explains why:

The capital flew into a bit of a tizzy when, on his first full day in the White House, President Obama was photographed in the Oval Office without his suit jacket. There was, however, a logical explanation: Mr. Obama, who hates the cold, had cranked up the thermostat.

“He’s from Hawaii, O.K.?” said Mr. Obama’s senior adviser, David Axelrod, who occupies the small but strategically located office next door to his boss. “He likes it warm. You could grow orchids in there.”

The Cancer That Will Eat Us

In the Obamanation, who will decide who gets a loan? Who will decide what medical care you receive? Who will decide when we have enough infrastructure? Who will decide who gets a job building the infrastructure (Obama and Robert Reich say it will be hard-core unemployed minorities)? Who selects the features of automobiles in the United States?

“We have a massive bureaucracy that is utterly unelected, and unaffected by what you want or what you believe.”

Now that massive bloated bureaucracy will be expanded and take on the questions formerly decided economically by the free markets of the United States. The government will decide. The government decided who got mortgage loans beginning with the CRA (Community Reinvestment Act of 1977), and much more extensively after the Clinton administrative orders and regulations of 1995, and the result was an economic disaster on a planetary scale.

The massive bureaucracy was already out of control, before Obama. The bureaucracy compelled mortgage lenders to make nothing down loans to bad credit risks. The cancer of bureaucratic control, replacing capitalism and free markets, has knocked us to the ground. Now the cancer will eat us. Obama is getting out the meat fork now. Listen to the Mark Levin Show of September 19, 2008 to understand how the bureaucracy will do it.

Mark Levin Show of September 19, 2008

Obama Racist New Deal Unfolding

Obama is rolling out his stimulus via infrastructure plan, which will propel the Untied States to finally match the “vastly superior” infrastructure of Red China, he reckons.

However, white male construction workers need not apply! White male construction workers, consider yourselves dealt OUT of Obama’s Racist New Deal.

There are ways to make sure the cash goes to long term unemployed minorities, and Obama has spent years working out the details with Jeremiah Wright and other long-term associates, particularly ACORN.

Obama can rebuild the same infrastructure multiple times, sending the economy into overdrive; and since he plans to use inexperienced workers who haven’t worked in decades, without high school diplomas, he will have to. I’ll bet you that Obama’s government can find a way for inexperienced workers to build infrastructure from home, too.

(Thie next two paragraphs added in update): What kind of recovery plan is this? To get Americans back to work, and to make our economy recover, Obama will hire the hard core unemployed and unskilled workers preferentially or exclusively to build a glorious infrastructure rivaling Red China (our infrastructure is already vastly superior to that of China, but with Obama’s unskilled, hard-core unemployed labor fixing it up, it may not be so for long). The Americans who have been laid off need not apply, particularly if they are white. It could not be more obvious that the purpose of the Obama administration is to redo social order (a prerequisite in the collectivist formula for ruining entire cultures) first and foremost.  The economy might happen to improve before the next election.  Obviously that would be an accident, particularly based on the nature of the line items in Obama’s recovery bill which fund absolutely every liberal moonbat project which could be resurrected from the cutting room floor. Obviously too the Obama stimulus plan social reordering plan does little to support businesses in adding jobs or not cutting jobs now.

Obama gets a free pass on the economy next election, he also reckons (reasonably this time), because he can and will blame the supbrime mortgage induced worldwide banking and economic disaster on Bush. Journalism hasn’t mentioned the government’s CRA, and GSE subprime mortgage debacle in months, and are not likely to in the future. Capitalists cause all problems, never government.

White male construction workers can learn first hand about poverty and unemployment, another Obama change; as Racist New Deal architect Obama rips apart our free market economy.

H/T: Moonbattery Robert Reich Offers a Preview of Obamunist Racial Caste System

New Flag Design From Obama

Change Delivered, legal or not.

Change Delivered, legal or not.

With that pretty task of redesigning the flag out of the way, Obama can proceed on to his next area of attack: The US Constitution, with its numerous fatal flaws. “Preserve, protect, and defend” the Constitution? Not gonna happen. Obama’s job as President is to CHANGE the constitution, far different from preserving it. Obama knows what form of government will work best; the framers were short-sighted fools. The Constitution is fundamentally flawed, according to The One.

The bit about preserving the Constitution is another lie from Obama.

The Red Star goes on the next Obama flag revision.

Great Moment in History

First Marxist President

First Marxist President

Great moment in history:  Magic Punahou Pimp becomes first Marxist POTUS

How Obama Invented Pay-To-Play

Sweet Ol’ Chicago pay-to-play! This time the practitioner is none other than the magic Punahou pimp, Barack Obama.

Congratulations, Obama on multiplying your income – out of the taxpayer’s pocket (that is tax PAYER pocket, numbnuts.)

Mainstream media has taught Americans that Illinois’ governor Blagojevich invented pay-to-play; but the magic Punahou pimp was there first, and long before.

Blago had a teacher for pay-to-play. Blago’s teacher? None other than the magic Punahou pimp, Obama. Blago learned from the master of pay-to-play.

Story here Chart: Michelle Obama’s Salary

Pay-to-play original play

Pay-to-play original play