Thursday, August 4, 2011

The plan is working

Never let a crisis go to waste, Barack Obama's closest adviser told him.
But first you have to have a crisis.
If there's not one handy, create one.
Today's fall off the cliff in the stock market is a natural result of the spending and debt binge Obama has been on since he took office.
I'm convinced now that his plan is to create not just a recession, but a Depression.
He and his socialist pals, including George Soros, have to be licking their lips looking back at the 1930s, when Franklin D. Roosevelt was able to move America further toward socialism than it had ever been. He did it by using the crisis at hand, which he didn't create but made worse.
Herbert Hoover had cut taxes and the nation was heading out of the recession of 1929 when Congress passed the worst piece of legislation ever, the Smoot-Hawley tariff. That put the nation, and the world, into a depression.
Roosevelt, after being elected by promising to cut taxes and balance the budget, did the opposite. When people needed jobs and food, he jailed employers for trying to lower wages and sell food at lower prices. His make-work job programs employed some people, but kept them out of work in the private sector.
Even his own financial adviser admitted at the end of FDR's first term that nothing they had tried had worked.
Obama's plan is to do everything FDR did, and double or triple it. With the nation in a depression, he can assume huge powers for the government, as FDR did, and the freedoms lost this time may never come back.
The only risk he is taking is that the economic hardships he is creating will backlash in November 2012 and prevent him from being elected. He is counting on Soros and the media to keep that from happening.
If he wins his gamble, there is nothing to stop him.

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