America is facing the most dangerous crisis in the history of our nation. It is not simply an economic crisis. It is a crisis whose outcome may well determine whether America continues to survive as a representative republic ... and whether America remains strong enough to face the massing, determined enemy outside of its borders.
The ‘economic’ portion of this crisis did not occur by accident. It occurred, in large part, as a result of leftist ‘social engineers’ who are intent on circumventing the Constitution to use pretended altruism in order to expand their power and further implement their left-leaning ideological agenda. And they cannot succeed unless the noble foundations upon which our republic was built are completely dismantled.
The current economic crisis, and all of its ramifications, represent a giant step in that insidiously evil crusade.
This economic meltdown is occurring largely as a result of socialist special interests pressuring their friends in congress to relax the underwriting standards for home mortgages. Those friends in congress used all manner of grotesque extortion and shakedown techniques, made legal through changes in law (most notably the Community Reinvestment Act), to pressure the banking/mortgage industry to grant hundreds of thousands of loans to low-income and minority citizens whose economic backgrounds exhibited little or no ability to repay those loans.
From the Ludwig von Mises Institute’s The CRA Scam and its Defenders:
When the CRA was created during the Carter administration, the administration also funded with tax dollars numerous ‘community groups’ that have helped the Fed, the Comptroller of the Currency, and other federal regulatory agencies to enforce the act. Under the CRA, if a bank wants to make virtually any change in its business operations — merging, opening up a new branch, getting into a new line of business — it must first prove to regulators that it has made ‘enough’ loans to the government's preferred borrowers. The (partially) tax-funded ‘community groups’ like ACORN (Association of Community Organizations for Reform Now) can file petitions with regulators that stop the bank's activities in their tracks, perhaps defeating them altogether. The banks routinely buy off ACORN and other ‘community groups’ by giving them millions of dollars as well as promising to make even more dubious loans.
Yes, there were other contributors to this meltdown, but years of such pressure and pandering to special interests were the major contributing factor in the crisis we are facing today (and tomorrow ... and beyond).
One of those special interest groups that participated broadly in this dramatic change in banking/mortgage procedures was indeed ACORN (the Association of Community Organizations for Reform Now), one of the largest radical left-wing groups in America.
Barack Obama’s affiliation with ACORN is longstanding and deep. He ran an ACORN-sponsored massive voter registration effort (which was later accused, and continues to be accused, of engaging in massive voter fraud). He later became a trainer for the group, as well as its lawyer in numerous election law cases. He received strong financial support from ACORN in all of his election campaigns, and his affiliation with the group and its radical activities remains strong today.
Fast forward to September 26, 2008:
Many involved in the current congressional negotiations on the economic bailout proposal are attempting to make the public aware that the proposal being pushed by the democrats would have a large portion of the taxpayer-funded ‘bailout’ money diverted to whom?
Is the public becoming aware of this fact? No. Why? Because those in congress who are attempting to sound the alert are being righteously ignored by the mainstream media.
Lindsey Graham (R-SC) stated today, … this deal that’s on the table now is not a very good deal. Twenty percent of the money that should go to retire debt that will be created to solve this problem winds up in a housing organization called ACORN that is an absolute ill-run enterprise, and I can’t believe we would take money away from debt retirement to put it in a housing program that doesn’t work.
Wrap your minds around this concept, if you can.
Our current economic crisis threatens America’s existence on five major fronts:
(1) It threatens to plunder from the American taxpayers for generations to come, reducing their standard of living, threatening their hard-earned retirement security, and placing debt upon the shoulders of their children not yet born. And why? In order to correct the ‘errors’ made by our leadership, and brought about by the pressures of special interest groups.
(2) It is already succeeding in nationalizing major sectors of American private enterprise, in the banking and insurance industries ... with more to come.
(3) No matter the bailout plan that is adopted, more government regulation over the private sector will be enacted, dramatically increasing bureaucratic government interference in the free market system – i.e., placing yet another socialist anchor around the neck of our capitalist system.
(4) No matter the bailout plan that is adopted, our national debt will increase beyond our ability to pay it down, to the point where our national priorities will, of necessity, be transformed from one in which our safety, security and sovereignty take a perilous second place to our need to merely pay down the money that we borrowed to get ourselves out of this economic meltdown.
(5) Unless those who played an activist role in fomenting this crisis are sought out, investigated, and prosecuted where called for, and unless the citizenry demands an accounting and a broad excising of the corruption in their leadership, once the dust settles -- and it will settle, temporarily, after any bailout program takes effect -- nothing will change. No reform will occur. And our future will be filled with more of the same -- adding to our debt, taking away from our liberties, and putting our survival in jeopardy.
Now reflect back on the fact that the current leader in the race for the presidency has had, and continues to have, close activist ties with a radical organization that played a major role in the above cataclysm.
Now ask yourself this important question:
Why is ninety-nine percent of the American electorate unaware of that connection?
President Bush delivered an address to the nation two nights ago. The subject of that address was the current economic crisis.
In his attempt to explain the causes of this crisis, he insinuated that it all started because America’s economy was considered so healthy that it attracted investors from all over the world. As a result, banks and financial institutions were awash in money, and that state of affairs planted the seed for this debacle.
Our President offered up the greatest whitewash of the reasons for this catastrophe imaginable.
John McCain and Barack Obama participated in the first of four televised presidential debates tonight. Because of recent developments, despite the fact that foreign policy was scheduled to be the topic of the debate, much of their debate centered on our economic ills.
Barack Obama pointed the finger of blame for those ills at 'eight years of Bush economic policies -- policies that were embraced by John McCain.'
Did John McCain refute that argument by finally educating the American public regarding his opponent’s personal affiliation with a radical leftwing organization that played a significant role in creating the sub prime debacle? No, he simply spoke in platitudes about how we must all work together, in a bipartisan way, in order to solve this monumental problem.
I am aware (as are many of you) of the major causes of this crisis. And if I am aware of the part that Obama and those of his political ideology played in this catastrophe, surely my President and my candidate are as well.
What is keeping them from making that association a major issue in this election?
At the bottom of this travesty (the magnitude of which I don’t believe we have seen in either our or our parents’ lifetimes) are four crucial, potentially deadly, considerations:
(1) The virtually unbridled power of the mainstream media – who routinely turn our focus (because we allow them to) toward superficial nonsense, and away from information that would be extraordinarily dangerous to those whose ideology they share.
(2) The fact that, even during their deliberations in attempting to solve this economic crisis, most of the democrats in Washington still do not consider the safety and prosperity of the people of this country to be their main focus. Their main focus, even in these troubling times, is the amassing of power and the implementation of a leftist ideological agenda. Why else, when the economic (and possibly physical) safety and security of every American is hanging in the balance, would they still be attempting to divert a large portion of this gargantuan, taxpayer-funded bailout into the pockets of a left-leaning organization bent on social engineering (and an organization that played an activist role in the catastrophe to begin with)?
(3) If republicans in congress resort to compromise, as they have so often done over the past eighteen years, they will have committed the final betrayal. They will have saddled the American taxpayer with an unbearable burden – in the form of financial extortion, the crumbling of our capitalist system through the nationalization of private enterprise, and the granting of oversight powers to the government that were never envisioned by our Founders – all of which conditions are expressly forbidden by our Constitution. Individual liberty will be the major casualty – with security and sovereignty to follow, a distant, but definite, second.
(4) Congress, bowing to the enormous pressure of powerful, radical left-wing special interest groups, started this crisis by pressuring, in an entirely unconstitutional manner, the banking/mortgage industry to do what their special interest lobbyists wanted. Yet among the major end results of any temporary bailout will be the granting of significantly more 'oversight' powers, this time made legal by 'post-meltdown' legislation. The government will be granted enormous additional power to look over the shoulder of private industry and dictate the parameters under which it can function. Talk about rewarding crime, and positioning the country for more of the same ... now legalized ... much deeper, and much more threatening to our capitalist foundations.
Any bailout proposal ... with or without the 'let's-reward-the-perpetrators' provision ... will sound the death knell for our republic. It will not be a 'necessary evil'. It will represent our final compromise with evil. Things may improve temporarily ... maybe even for a year or two ... mainly because the American citizenry, and the world, have allowed themselves to be lulled into a phony state of complacency. But the next time the (both monetary and moral) debt collector comes calling, we will have nothing left to give him.
I have little faith that the electorate will recognize the genuine nature of the man they are about to elect to the presidency. The media will not allow it. And the citizenry is too lazy to look beyond the mainstream media for answers.
I have little faith that our ‘leadership’ in Washington will once again begin to represent the best interests of the people. The corruption is too deep, and the power of special interests is too unwieldy and unaccountable, and growing moreso every day.
There are enemies at the gate. Enemies of the sort that the world has never known – who see it as their destiny to conform us to their image, or see us dead. When they decide to break down that gate in a brutal manner that goes far beyond the taking of three thousand innocent lives in two skyscrapers, an office building, and a commercial airplane, they will find little resistance. Not because the people within the gates weren’t once rugged individualists who valued freedom ... but because they no longer are.
Turn out the lights on your way out. It's over.