The most confused man on the planet

Bailout based on phony “crisis”

Commentary by Donald Hank

I had reported before the first bailout vote that I had called my own bank and asked if I could still get a home-equity loan in the amount of about $50,000.

The loan officer, with just a glance at my records, was able to ok that.

I asked him why they were able to do this at a time when everyone was talking about a credit crunch. He said it was because this bank (PNC) had always been careful whom it gave loans to.

Now an independent analysis shows the whole “crisis” may have been manufactured — or at least blown way out of proportion — by government. Whatever the case may be, it resulted in the election of Barack Obama, whom a majority of voters said they “trusted” to restore the economy — even though it was clear his own party had contributed mightily to the weakening of banks.

Now, the international research and consulting firm Celent, has presented an analysis suggesting the whole “crisis” is bogus.  Independent analyst Cliff Kincaid reports:

“Using charts and graphs of data from the Federal Reserve and other agencies, the Celent study says that statements from Paulson and Bernanke about a “credit crisis” affecting businesses, real estate, banks, and state and local governments were just not true.”

 

Madoff gave huge support to the Left

What a surprise.

While the Left constantly accuses conservative capitalists of being greedy, the world’s biggest rip-off artist of all time (aside from the Social Security Administration) has given almost a third of a million to far-left political candidates and the abortion industry, displaying a clear-cut sympathy for the Left and their vision for America.

America has seen a veritable parade of leftists (both RINOs and Democrats) committing crimes (Blagojevich is only the latest example) but so far shows not a glimmer of understanding that Leftism goes hand in hand with deviant, anti-social behavior, blithely voting for the Left and even believing – on Lord knows what basis – that the Left has the answer to our economic woes.

Read about it here.

 

GW Bush’s “Christian” globalism-socialism gobbledygook

George W. Bush could well be the most confused man on the planet. He calls himself a conservative but never saw a socialist give-away program he didn’t like. Unlike other conservatives, he seems to see the Constitution as more of an obstacle than a boon to his vision for America. He clearly opposes sovereignty for the US and has taken us to the brink of an EU type supranational government, greatly facilitating Obama’s job.

Speaking of the bailouts, President Bush has said that he must go against his free-market principles to save the free market. Even after the banking crisis broke, his HUD web site called for a “Zero Down Payment Initiative” that would have forced banks to require no down payment for loans.

It is becoming abundantly clear that, at the rate government is jettisoning principles, we will soon have no free market left. The government now owns a significant share of banking interests and is greedily eyeing our auto industry. You the taxpayer are a silent – or rather muzzled – shareholder.

Many can’t decide if Bush is a socialist or if he is really naïve. But if he is really that naïve, then he possibly belongs in the Guinness Book of World Records!

Personally, having heard Bush speak, I believe he has a grossly distorted idea of Christianity and thinks that the US government must be kind to the enemies of our people (all but the man who threatened his father), treating them as we would ourselves but treating ourselves like slaves and letting our enemies abuse us. Mainstream “Christianity,” which is little more than a tool of the Left, teaches that nationalism is an evil. This teaching fits nicely with Bush’s notions of globalism (which he inherited from his father), melded with his naïve and distorted “Christian” socialism (a misinterpretation of Biblical precepts concerning the poor), his open-border, pro-amnesty policies and his receptiveness to supranational government. His fairly plain Christian views on abortion and family make him palatable to the Christian “right,” which has no understanding of the Left and their intentions. This group, which talks suspiciously like the “Christian” Left, has shown a dangerous willingness to coexist with socialism and global governance that is, as we speak, resulting in their own irrelevance in world politics.

If my theory is correct, Bush has zero understanding of the Left, which laughs at people like him.

But his policies are no laughing matter.

Obama can’t fix what his party broke

Obama can’t fix what his party broke

 

by Donald Hank

Before reading further, make sure you see this amazing video:

http://www.youtube.com/watch?v=H5tZc8oH–o

 

Did you see the debate last night?

Despite his relaxed exterior,and his pontifications on the economy, Obama was on the defensive, as well he should have been. McCain knew stuff he didn’t know, like the difference between a strategy and a tactic, or the names of presidents in Eastern Europe. After McCain rattled off these names and associated facts, Obama could only say “I agree with Senator McCain on this.” It was obviously all he could say. And then there was the gaffe about “taking out” Pakistan. And the misquote of Kissinger. Not a good night for Barack.

McCain was like a father lecturing to a son who hadn’t done his homework.

Again, Obama tried to make the claim that McCain is a laissez-faire capitalist who wants no regulation of the Fanny Mae and Freddy Mac, and, unfortunately, McCain muffed his chance to really explain the crash mechanism as well as Barack’s (and the Democrats’) primary role in the crash. Republican politicians seems to have little understanding of this mechanism, but it is all important for voters to know.

Folks, I had written a column on Bush’s role in the bank crashes that some thought was blasphemous, but what I said had to be said and no one else was willing to say it (that’s what Laigle’s Forum is all about, you know). And now we know the role Bush played in bringing down the banks. So is the bank crash all about Bush?

Not by a long shot, although he aided and abetted. It is more about Obama, his pals and his party. Much more.

I believe Bush’s role is related to his blind belief in New Age Christianity. As I have shown in various columns, evangelical Christians have been brainwashed by the Left into accepting what we might call “Christian socialism,” which includes teachings of globalism and surrender of sovereignty. Mainstream pastors now talk as though God had added an eleventh commandment: Thou shalt share the wealth. Indeed, my Brazilian colleague Olavo de Carvalho showed that the revolutionary mindset, which we now call the Left, started as a Christian heresy in the 13th century. Strangely, this heresy, which teaches that Christians must build the kingdom of God by eliminating social injustice, is now becoming the dominant doctrine in America, to our great peril, and the latest financial crash is its spawn. This heresy was first introduced into the American church by way of the far Christian Left (Jim Wallis, Tony Campolo) and was mainstreamed by preachers like Robert Schuller and later his protégées such as Rick Warren as well as supposedly “conservative” church leaders. If this sounds like blasphemy to you, you are no doubt a true believer in the emergent church’s New Age teachings. Beware.

But yes, the crash is really mostly about Obama and his party, which sabotaged American business.  Characteristically of the Left, they behaved like naughty school kids who made the spitballs and let other kids throw them. That’s how it works. There are always some smart aleck troublemakers who are highly popular and the other, shy kids with a good upbringing, want to imitate them. Pretty soon the kids with the good upbringing are the worst offenders in the schoolyard and the smart alecks are posing as angels, laughing up their sleeves as the poor suckers get punished.

Naughty boy Jimmy Carter (another Christian leftist, by the way) started things off by introducing the Community Reinvestment Act in 1977, which the Democrats passed. This was a typical Carter goody-goody initiative to bring housing to people who would only get housing if you twisted their arms and made them pay no more than they would pay to rent. You know, the group we used to be called poor credit risks. Now we call them the “underserved.”

The program was modestly dimensioned at first and ran with no major glitches until Clinton took it into high gear, demanding $1 trillion in sub-prime mortgages, with the semi-government bureaucracies Fanny Mae and Freddy Mac leading the charge. Banks that could not or would not comply were punished. Punished for implementing nothing other than good business practice, mind you! (Remember that government-business partnerships are a feature of fascism, hardly the American way).

Then Bush morphed into Clinton on steroids and all but doubled the percentage of subprime loans, but added the cherry to the sundae with his “zero down payment initiative.”

There were a few futile attempts to put the brakes on, notably Senator McCain’s attempt in 2005 to enact the Housing Enterprise Regulatory Act. The Democrats blocked it. Obama doesn’t want you to know any of this, and the networks and mainstream media are helping him hide it and sell his fiction.

In all fairness to Bush, he too had tried to rein in Fanny and Freddy, back in 2003, but ran up against the Democrats.

So while Bush must take some of the blame, because he did push for higher percentages of sub-prime mortgages and his administration did write the disgraceful “Zero-Downpayment Initiative,” he was, after all, just following the Democrats’ lead and, I believed, trying, in a bungling way, to be a good little Christian, guided, unfortunately, by principles of the Christian Left, which had subtly and gradually become the mainstream in America.

Bottom line: while Obama claims regulation is necessary and accuses McCain of not wanting it, it was McCain himself who tried to introduce regulatory legislation that would help remedy the damage done by the Democrats through over-regulation of the socialist kind.

Keep that in mind when you go to the polls.

 

 

Another video on the subject:

http://www.youtube.com/watch?v=usvG-s_Ssb0