Model Economy of Obama – Red China

According to Obama, “the economic philosophy of John McCain has failed.”

The economic philosophy of government dictating mortgage interest rates on a case-by-case basis to American banks, however, is wildly successful, unless you consider economic ruination to be other than a success.

Not only does Obama consider economic ruination a spectacular success, he considers Red China’s economic philosophy also a spectacular success.

“All of China’s infrastructure is now vastly superior to ours . . .” Obama said this; and Obama said “the economic philosophy of John McCain has failed.”

My strong expectation is that Obama considers the economic philosophy of Islam also “vastly superior to ours.”

The economic philosophy of a turnip must also be “vastly superior to ours,” if Obama considers the history of American government’s foray into mortgage banking such a success; or if Obama considers “all of China’s infrastructure” now “vastly superior to ours” which it obviously and palpably is not.

Listen once more (below) to Obama as he extols the “vastly superior to ours” infrastructure, in which there is no medicine available in vast rural tracts; along with a few million other deficiencies that would be absolutely intolerable in the US, and have been absolutely intolerable for a century. China is on the whole an infrastructural disaster compared to the United States.

Chinese, or Arab Intelligence Agent?

Chinese, or Arab Intelligence Agent?

Obama would appoint sinophile Chas Freeman, Board Member of CNOOC (the third largest Chinese oil company) to head the U.S. National Intelligence Council. (Freeman is also an agent of various Arab governments, which alone makes him highly objectionable to those of us who consider Israel an ally (or consider ourselves Americans); see Hussein Hurls Dirty Shoe at Israel – AND US!) One must suspect that Obama and Freeman also consider Arab economic philosophy vastly more successful than John McCain’s.

Economic success is far beyond the perceptual powers of Obama, anyway. Obama is a captive to whatever economics lies in bribing Chicago street people to vote Democrat, or strong-arming banks to write impossible, poison pill, loans. To Obama, that is the morally correct extent of economic endeavor. It is really about all he knows.

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Next American Industry to Die

Subprime mortgages, demanded by Obama and his ACORN banking students, destroyed Citigroup, and economies around the world are reeling. The American finance industry, ruined by Obama and CRA and Andrew Cuomo, is finished; what’s left is being nationalized by Obama to be used for his next Ponzi scheme.

What is the next American industry to feel the measure of your wrath, Obama? Is it medicine; is it insurance, is it automobile manufacturing?  Or all the above, and all the rest.

Let’s face it there; is only one industry safe from Obama.  It is the esteemed Community Organizing.

Even The One can only destroy an industry a day more or less.   Even Obama has to choose.   Next to die must be Coal.

What I’ve said is that we would put a cap and trade system in place that is as aggressive, if not more aggressive, than anybody else’s out there.
I was the first to call for a 100% auction on the cap and trade system, which means that every unit of carbon or greenhouse gases emitted would be charged to the polluter. That will create a market in which whatever technologies are out there that are being presented, whatever power plants that are being built, that they would have to meet the rigors of that market and the ratcheted down caps that are being placed, imposed every year.
So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.

Story here.

Obama Said He Would Bankrupt the Coal Industry

Obama Mortgages US to China for Cash

There is some very profound (if true) news on the internet.

Obama’s gargantuan spending throwaway plan of course will require vast loans from the originators of Obama’s economic philosophy, the Red Chinese. But the Chinese are smarter by far than Obama, and have Obama firmly by the bum. They require security for the loan! America’s debt is no longer prime paper, with so much of it going out. What a surprise. Obama has handed over to the Chinese a mortgage on America. If the dollar value of the Chinese loans devalues too much, the Chinese will have the power to exercise eminent domain in America, foreclosing on their loans to Obama.

Obama forgot to mention his credentials during the campaign. He is a past master at the mortgage game. In 1995, Obama sued Citibank in Chicago to write more bad subprime mortgages; the settlement by Citibank was a landmark affecting the mortgage industry across America. Today, Obama finished the job at Citibank, (now Citigroup) and also finished off Citigroup, seizing controlling interest in the ex-free market banking concern. Obama is moving now to replace the board of directors of Citigroup so the bank will write more bad loans. Capitalism, the source of America’s cultural and economic success, has been crushed under Obama’s heel. But that is only the start . . .

Red China now can foreclose inside America as security for its loans to Obama for his incredible, impossible spending programs. All it takes is the value of the dollar to slip. Apparently Obama doesn’t think you should have property; because he is working overtime, in parallel, to ruin the dollar. Your mortgage banker is Red China, and the high-commission broker none other than Obama himself.  The cash?  Look in Obama’s re-election lock box!

The story is everywhere, but Moonbattery is an excellent place to start.

The United States of America has tendered to China a written agreement which grants to the People’s Republic of China, an option to exercise Eminent Domain within the USA, as collateral for China’s continued purchase of US Treasury Notes and existing US Currency reserves!

On February 11, Bloomberg Business News reported that China was seeking “guarantees” for its US Government debt (Story Here), and it now appears they got it. Well placed senior sources at the US Embassy in Beijing CONFIRM the formal written agreement was delivered by Secretary of State Hillary Clinton during her recent trip to China.

This means that in the event the US Government defaults on its financial obligations to China, the Communist Government of China would be permitted to physically take — inside the USA — land, buildings, factories, perhaps even entire cities — to satisfy the financial obligations of the US government.

Put simply, the feds have actually mortgaged the physical land and property of all citizens and businesses in the United States. They have given to a foreign power, their Constitutional power to “take” all of our property, as actual collateral for continued Chinese funding of US deficit spending and the continued carrying of US national debt.

Peace Poseur Invades Afghanistan; Why?

If Iraq was an impossible war, and Obama never missed a chance to refer it as such, even well after victory had been secured and acknowledged generally, what is Afghanistan?

History has well shown that war in Afghanistan is a hopeless cause. The cost of war in Afghanistan, in material, troops, and dollars, is a price millitary adventurist Obama cannot pay. He cannot win in Afghanistan. His military advisers so advise. History proves it. Afghanistan is a military ball-breaker. Afghanistan broke the Soviet Union, all of it. Obama wants to fight the same war from half-way around the World! Obama, last week’s peace poseur is driven to put our sons and daughters, wholesale and without a stated goal, into this most dangerous breech. There is no dictator to remove. There is not widespread systematic genocide in Afghanistan, as there was in Kurdistan perpetrated by your namesake, Hussein. There is not even any specific terrorist to remove from Afghanistan. Why must Obama send our sons and daughters to their deaths, for nothing? Hindsight is 20:20, Obama for the rest of us (not including Journalists); you should get some hindsight; or at least study history.

What possibly can Obama want in Afghanistan, when he finds successful, benevolent, and beneficial, fruitful effort, and presence in Iraq such an abomination?

The war in Iraq was won, over the protestations of peace poseur Obama. But Obama does not protest military adventure where no victory is possible, in Afghanistan. He embraces the price of this war, and the fruits of this war, which can only be death.

Journalists in America do not question Obama’s adventurism in Afghanistan. Permit us.

There is nothing to be gained in Afghanistan worth the price, and this has been shown, and it is well known. Except by Journalists, and by Obama.

The change in Washington is for the worse. The change means that warfare with a prize for humankind is replaced by warfare with a prize, however obscure, for Obama. But there is no prize, Obama, in Afghanistan. Only death, and waste will your war bring us.

Why do you do it, Obama? Why make war with no chance of success, and no goal or objective you can elucidate. You have some personal need for war.

Bush won his war, but you will never win in Afghanistan, Obama. Never.

Where do we fight after Afghanistan, dear leader? Do we invade Pakistan, your next great idea? Obama is a child, moving toy soldiers here and there, but he wanted an adult’s job. Get out of Afghanistan, Obama. The checks you are writing this time are the lives of our children. You may have gotten away with your subprime, depth charge mortgages; but you won’t get away with slaughtering our children for not one damned thing.

Obama Youth Corps: Prepare!

Following imminent successful destruction of American currency, your ObaMessiah will have important duties for you!

Starting in Afghanistan only. The One has many other targets.

Hussein Hurls Dirty Shoe at Israel – AND US!

Obama appoints Chas Freeman, an agent of Arab states, to head Obama’s National Intelligence Council! What?

From Beckwith, at The Obama File:

New head of Obama’s National Intelligence Council received $1 million from Saudis for public relations services?

Since it was revealed over the last few days that Chas Freeman is apparently slated to head the Obama administration’s National Intelligence Council, much evidence has been presented linking him to pro-Islamist, anti-Israel sentiments.

Now the Middle East Forum is reporting that Freeman received $1 million from the Saudis for public relations services, “Chas Freeman, reportedly nominated to head the National Intelligence Council preparing finished National Intelligence Estimates for President Obama, acknowledged in 2006 that the $1 million donation to his Middle East Policy Council that he received from “the generosity of King Abdullah bin Abdulaziz of Saudi Arabia” was for public relations in the United States.”

Going back to Obama’s “community” work in Chicago it has been long apparent that he is no supporter of Israel, his close friendship with former PLO official Rashid Khalidi being symptomatic.

Given the already alarming information surfacing on Freeman, the prospect of him being associated with U.S. intelligence at any level should give pause for great concern among those in the West who are still intent upon meeting the challenge of the Islamic jihad in both its violent as well as stealth modes.

Freeman’s potential to skew intelligence at the Council in support of his Islamism is extremely troubling and nothing that we have read encapsulates that better than something he wrote in 2006.

“…We have paid heavily and often in treasure in the past for our unflinching support and unstinting subsidies of Israel’s approach to managing its relations with the Arabs. Five years ago we began to pay with the blood of our citizens here at home. We are now paying with the lives of our soldiers, sailors, airmen, and marines on battlefields in several regions of the realm of Islam, with more said by our government’s neoconservative mentors to be in prospect…”

In the space of just these few words Freeman displays a breathtaking level of ignorance — blaming the 9/11 terror attacks on U.S. support for the only democracy in the Middle East, casting Israel as the villain in matters pertaining to “the realm of Islam,” [a term of great currency in radical Muslim circles] and blames our presence in Iraq also on our support of that tiny Jewish nation, especially due to the the work of the “neoconservatives,” an anti-Semitic code in common parlance among leftist Jew haters.

With Obama’s tilt towards the Palestinians already evident, the addition of Freeman into the mix will turn an already seriously flawed Mid-East policy into a disaster in short course.

And this from Israel News:

Tuesday, February 24, 2009

Freeman appointment – USA may appoint foreign agent as intelligence chief

http://zionism-israel.com/israel_news/2009/02/freeman-appointment-usa-may-appoint.html

 

Charles Freeman, the apparent appointee of the Obama administration as Chairman of the National Intelligence Council, was president of the Midlle East Policy Council (MEPC) a lobby group for Arab interests. It is clearly absurd to appoint an agent of a foreign power to direct the assessment of United States Intelligence. How could this have happened? Freeman reportedly accepted a $1 Million donation from the King of Saudi Arabia for the MEPC and said:

These are obviously very difficult times for any organization attempting to promote better understanding and stronger ties between the United States and the Arab world. …Financial support has been very negatively affected both by … the financial controls and other restrictions on international financial transactions — inhibiting and tending to reduce the willingness to give as well…About a year and a half ago the board of MEPC …concluded that we probably couldn’t continue our work and we couldn’t survive on the basis of a continuing flow of small and medium size donations. The only way we could ensure our survival and the continuation of our work over the long run was through the establishment of an endowment. Thanks to the generosity of King Abdullah bin Abdulaziz of Saudi Arabia we have managed to accumulate an endowment….I periodically visit the region — to the Kingdom and to other countries in the Gulf. I meet mostly with individuals and companies who are interested in seeing better relations between the US and the Arab world…Frankly, I’m delighted that the Kingdom of Saudi Arabia has, after a long delay, begun to make serious public relations efforts. …

CopyrightOriginal materials copyright (c) by the authors. Originally posted at http://zionism-israel.com/israel_news/2009/02/freeman-appointment-usa-may-appoint.html.

And how can Obama appoint an agent of a foreign power to direct the assessment of United States Intelligence?

Very simple. OBAMA WANTS TO! And Obama wants do what Hitler did. Obama, like his moralistic consience of 20 years, Jeremiah Wright, is an anti-Semitic racist. Watch what Obama does; what Obama does is far different than what he says.

Obama Taught ACORN

Obama taught ACORN (text and links below).

Then, ACORN bullied banks – into writing bad loans.

Obama & ACORN sued Citi to write more bad loans.

Now America’s entire economy is subprime.

Hillary Clinton now goes begging in China to float Obama some cash.

Video: Andrew Criminal Cuomo describes the benefits of Obama’s subprime loans, which by now you are enjoying; the whole subprime debacle is laid out.

At the time, however, that 1995 Chicago newspaper article represented something of a triumph for Barack Obama. That same year, as a director at Chicago’s Woods Fund, Obama was successfully pushing for a major expansion of assistance to ACORN, and sending still more money ACORN’s way from his post as board chair of the Chicago Annenberg Challenge. Through both funding and personal-leadership training, Obama supported ACORN. And ACORN, far more than we’ve recognized up to now, had a major role in precipitating the subprime crisis.

I’ve already told the story of Obama’s close ties to ACORN leader Madeline Talbott, who personally led Chicago ACORN’s campaign to intimidate banks into making high-risk loans to low-credit customers. Using provisions of a 1977 law called the Community Reinvestment Act (CRA), Chicago ACORN was able to delay and halt the efforts of banks to merge or expand until they had agreed to lower their credit standards — and to fill ACORN’s coffers to finance “counseling” operations like the one touted in that Sun-Times article. This much we’ve known. Yet these local, CRA-based pressure-campaigns fit into a broader, more disturbing, and still under-appreciated national picture. Far more than we’ve recognized, ACORN’s local, CRA-enabled pressure tactics served to entangle the financial system as a whole in the subprime mess. ACORN was no side-show. On the contrary, using CRA and ties to sympathetic congressional Democrats, ACORN succeeded in drawing Fannie Mae and Freddie Mac into the very policies that led to the current disaster.

Free Republic:  Planting Seeds of Disaster –ACORN, Barack Obama, and the Democrat Party