The natural cycle of the economy in a quasi-free market such as ours is accustomed to encountering recessions of varying degrees, punctuated by a longer cycle of deeper recessions, known as depressions. The market is best left alone, given the degree that we have to ensure against snake oil salesmen and such. It should be a lesson to future economies, daring to break the neck of the goose that laid the golden egg.
This crisis we are in currently has its roots in, of all places, governmental agencies. The HUD secretary in the late 90's under Clinton, Andrew Cuomo, as only mafia bosses and agencies can do, used great pressure in order to micro-manage the lending practices of major banks, threatening them with not only fines and judgements, but public condemnation as a "racist lender" if they didn't. The goal: force banks to look past bad credit, no job history, bankruptcies, judgements, collections, etc for the sake of putting African Americans in houses, whether they could afford to pay for them or not.
I will not take up the space of this entry to research the origins of the HUD/Fannie Mae/Freddy Mac-induced crisis we're in right now, but you can read it here. This blog is merely a cursive account of the day's events, as seen through my own prism. We need to start taking our blinders off to the codes and doublespeak that Obama and his inner circle use.
Words like "community organizer" don't mean the same thing to rural, farmer-class folks as they do to the inner-city folks in southside Chicago. It's easy for a nation of well-meaning rural people in America to look past words like "community organizer" in order to elect someone president of the USA.
What is the manufactured crisis, you ask? The housing crisis. It started this entire process. Too many sectors of the economy were trading derivatives on housing loans. Too many of them were toxic. People started mailing the house keys in to the lender a couple of years ago. This financial condition we're in now was due in large part to leftist fascism, where government controled the banks and their procedures for doing business.
[True free market banks won't lend to you unless you can meet their debt-to-income ratio, prove two years of steady employment, and have a credit score of their choosing. I know, because I've tried to apply for a loan but was declined because I was a credit risk.]
In summary: The housing crisis will be the Left's excuse for spending unprecedented amounts of "bailout" money, then claim that since it's not working [which it isn't], they will need to step in as controlling authority:
The key to sparking this rebellion would be to expose the inadequacy of the welfare state. Cloward-Piven's early promoters cited radical organizer Saul Alinsky as their inspiration. "Make the enemy live up to their (sic) own book of rules," Alinsky wrote in his 1972 book Rules for Radicals. When pressed to honor every word of every law and statute, every Judaeo-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.
All three of these organizations -- ACORN, Project Vote and Human SERVE -- set to work lobbying energetically for the so-called Motor-Voter law, which Bill Clinton ultimately signed in 1993. The Motor-Voter bill is largely responsible for swamping the voter rolls with "dead wood" -- invalid registrations signed in the name of deceased, ineligible or non-existent people -- thus opening the door to the unprecedented levels of voter fraud and "voter disenfranchisement" claims that followed in subsequent elections.
The new "voting rights" coalition combines mass voter registration drives -- typically featuring high levels of fraud -- with systematic intimidation of election officials in the form of frivolous lawsuits, unfounded charges of "racism" and "disenfranchisement," and "direct action" (street protests, violent or otherwise). Just as they swamped America's welfare offices in the 1960s, Cloward-Piven devotees now seek to overwhelm the nation's understaffed and poorly policed electoral system. Their tactics set the stage for the Florida recount crisis of 2000, and have introduced a level of fear, tension and foreboding to U.S. elections heretofore encountered mainly in Third World countries.
Both the Living Wage and Voting Rights movements depend heavily on financial support from George Soros's Open Society Institute and his "Shadow Party," through whose support the Cloward-Piven strategy continues to provide a blueprint for some of the Left's most ambitious campaigns. (source)
Sen. Jim DeMint, R-S.C., warns that Obama will demagogue the crisis to get governmental control of it:
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