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Call to Action-OORAH!
Posted on WND.com-By Bob Unruh-On October 4, 2011:
“Back quite a few years ago when the American people were suffering under a despot called King George III they drew up a list of his offenses and told him they were not going to allow his government by fiat to be “destructive” any longer.
In the Declaration of Independence, they cited such problems as his refusal to allow beneficial and necessary laws, his obstruction of justice by manipulating the judiciary, his erection of “a multitude of new offices,” his disruption of trade and his preventing the laws adopted by local legislatures from addressing problems.
The Revolutionary War resulted.
Now, the Veteran Defenders of America, a group that involves such luminaries as Maj. Gen. Paul E. Vallely, is pointing out a similar list of offenses.
Only this document, “A Declaration to Restore the Constitutional Republic,” is addressed to the people.
It in, officials with Veteran Defenders note that the America people now have a strategic leader, President Obama, who “has questionable allegiance” and has “wreaked economic tyranny on the American people.” He also destroyed accepted administrative processes with 32 czars, doubled the national debt in one year, sided with Mexico against the American people, is demanding new taxes, subverted the nation’s immigration laws, forcibly took control of private economic interests, is targeting charities and churches for penalties and has advocated for a mosque “bankrolled by terrorist sympathizers” while refusing to defend the nation’s own laws.
This time, however, they just want his resignation, and those of his friends.
“This is not a call to overthrow our entire institutions of government, or subvert the Law of the Land, but rather to restore those institutions to their honorable constitutionally forms,” says the new declaration.
“As such, and under their oaths to the Constitution and the people whom they are sworn to protect and defend against all enemies, foreign and domestic, it is incumbent upon every citizen, veteran, soldier, officer and agent to use the tools of the people to protect the people and return our government to a Constitutional Republic of, by and for the people.”
It continues, “May the Creator, who endowed each of us with certain unalienable rights, among them the right to Life, Liberty and the individual Pursuit of Happiness free from government tyranny, bless this mission of, by and for the people of the United States, and may the Lord let freedom ring in America, once again.
“We demand an end to government corruption, an end to despotic leadership in D.C., an end to the current assault on all decent and honest American taxpayers, businesses and honorable public servants of the people. We demand the peaceful return of the people’s government, and we will remain resolute in the defense of the Constitution and the United States of America until the people can once again, feel secure in their nation and government.”
Veterans Defenders was launched by Richard Van Waes, who said America’s freedoms “are in jeopardy.” It is part of the Patriots Union.
The Veteran Defenders organization doesn’t disclose the number of its members, but a spokesman confirmed that members of the group overwhelmingly are in strong support of the statement, and other veterans organizations are expressing interest.
He said it is time that veterans remember they all can contribute in some way to preserving and restoring the nation. His group is intended to give “veterans the opportunity to continue fulfilling their oath to defend America.”
To that end, they must know about threats, including that from radical Islam, must move proactively against those threats and interact with local law enforcement to respond.
Among its advisers is Vallely, who retired in 1991 from the Army as Deputy Commander General, Pacific, following a career launched in 1961 with his graduation from West Point. He served in Vietnam, Europe, the Pacific Rim and others.
“An undisclosed number of American veterans and former service members have come together to prepare and present this Call-to-Action on behalf of the U.S. Constitution, the Republic, the Rule of Law and equal justice for all freedom loving citizens of the U.S.A.,” the document explains
Specifically, the summons for peaceful disobedience should include:
- We CALL upon every member of federal, state and local government, legislative, judicial, law enforcement and military, who have taken an oath to protect and defend the Constitutional Republic from all enemies, foreign and domestic, to act upon those oaths for the stated purpose of restoring the Constitutional Republic.
- We CALL upon ALL veterans and veteran organizations in America, who still believe in their oath to protect and defend, to unite with us at once - in this Declaration to Restore the Constitutional Republic.
- We CALL for ALL citizens who still desire freedom and liberty, to stand with us in peaceful protest, and carry our demands to right the wrongs against our nation in the preservation of freedom, liberty, justice and the rule of law.
Vallely has described the confrontation as “a battle that will decide our fate as a nation.”
“During the past three years, the current administration has committed the most egregious offenses against the people, the states and the Constitution, since the founding of our country and today, they operate as a virtual dictatorship, against the governed, beyond the scope and authority the people granted them in the Constitution and at odds with the will of the vast majority of American citizens,” the call states. “The actions of the Obama administration in total, rise to the level of treason against the United States and its people.”
It alleges violations of U.S. Constitution and each and every part of the Bill of Rights.
“At this late date, the individually itemized list of abuses and usurpations would require an encyclopedia of unconstitutional offenses to the Republic and there is no evidence to suggest that there remains even one legitimate honest courtroom in the country to which all evidence could be presented,” the veterans said.
However, it is the players, not the rules, that are in violation, the group said.
“The constitutional representative republic must be restored, no matter the means or the cost. It is on this foundation that we morally and rightfully call for all good people to rise up, stand together, move to restore the constitutional republic, and hold those who have and would stand against the people, fully accountable.”
The new declaration explains its goals are “the immediate and unconditional orderly resignation of Barack Hussein Obama II” and well as “Joseph R. Biden.”
“In addition to the known fact that the Obama/Biden ticket was advanced by way of fraudulent representations concerning the constitutional eligibility of Barack Hussein Obama II, under Article II requirements for the office of president, the Obama/Biden has committed countless crimes against the U.S. Constitution, our Republican form of government and the American people while in control of the executive branch.
“They are not able to do this alone, but with the help and cover of many anti-American players, who have also acted at odds with their oaths to protect and defend the Constitution, our Republic and the people of the United States. As a result, these players must be removed from office and held accountable for their actions as well.”
Those listed include the president’s staff and czars, cabinet, and appointees, such as Supreme Court justices Elena Kagan and Sonia Sotomayor.
And if they don’t go quietly?
All of Obama’s plans and strategies should be suspended, and temps, literally “new temporary executive branch members,” should be appointed to act until elections can be held, the plan demands.
Further, the states should act on their own, cutting themselves off from Washington.
“Nothing less than complete compliance with each of these demands is acceptable to the people of the United States. These demands have been published for public support and delivered to all members of Congress.”
Services members, and “every patriotic citizen,” are being asked to pressure law enforcement, judicial, intelligence and military agencies whose members have sworn to protect and defend the Constitution to do just that.
Then on the coming Veterans Day, Nov. 11, a “unified march” should be held in Washington.
But be warned, the Veteran Defenders said, “In the event that the current administration or its thug supporters attempt to use government or civilian force and violence to silence the people, as in the cases of Syria, Libya, Yemen, China’s Tiananmen Square, the Bonus Army of 1932 in the United States, or the UK presently wrestling with black and Muslim violence, the people must be prepared to defend themselves against such tyrannical tactics. We cannot expect that the federal government will act in the best interest of American veterans or citizens.”
Among the dozens of specific violations that Veteran Defenders identified:
- Obama is a national security threat since he definitely has questionable allegiance to the United States, not to mention his refusal to complete and release full, frank and truthful answers as to who he is. Obama has demonstrated a blatant disregard for the public safety and security.
- Obama and his handlers released an obvious forged birth certificate after release at least two fraudulent COLBs (Certifications of Live Birth). Obama is also using numerous stolen Social Security numbers.
- Obama and his incompetent advisors have wreaked economic tyranny on the American people, all the while calling for the rest of us to endure economic sacrifice.
- Obama has destroyed accepted administrative process by creating 32 czars who only report to him, bypassing the Congress.
- In one year, Obama and his minions doubled our national debt, which took 200 years to accumulate.
- Obama and his Justice Department sided with a foreign government (Mexico) when they sued the state of Arizona in order to force the continuation of illegal immigration.
- Obama passed “Dream Act” by executive order which aids illegal aliens through “prosecutorial discretion” all to garner votes for his election.
- Obama and the cabal’s National Security Strategy released in May, allows for the targeted assassination of U.S. citizens including “homegrown terrorists” without due process.
- Obama dhimmitude given Ramadan and Iftar dinners in the White House, while he cancels the National Day of Prayer without one word of objection from the Congress.
- Obama has disgraced the United States by bowing to foreign potentates, while at the same time snubbed our longtime allies, Great Britain and Israel. Obama and his friends have deliberately fostered hate against the Jews and Israel by promoting a Palestinian state.
- The State Department used $23 million in taxpayer money to transform Kenya into a constitutionally communist country where freedom of speech is limited and property rights are based on social justice.
- Obama attempts to run this country with executive orders.
- Historic and unprecedented move by Obama’s cabal to indoctrinate our children in socialist, humanist garbage, sent a video to all schools, and naturally this scheme was promoted by the NEA, with the children taking a pledge, “…to be a servant to our president and to all mankind,” and then they chant over and over “together we can.”
In a recent commentary on WND, Vallely wasted no words, “President Obama, his appointees and czars must be replaced immediately.”
“This is the current battle that we constitutionalists, face and we must be aggressive in our efforts. We must adhere to our Constitution. Obama will continue to bypass Congress and the people in his progressive agenda because that is who he is and that is what he believes he has the power to do. Congress, you must stand tall for the American people and enjoin the Supreme Court to halt executive-branch violations of the law and our Constitution.
“Incompetence, treason, corruption and dishonesty of officials now come into play as these relate to our national security and economy, and are the rationale for demanding resignations and a change of government,” he said.
Likewise, former Congressman Tom Tancredo, R-Colo., wrote in a WND column: “The number of the president’s actions that arguably qualify as impeachable offenses is staggering. The question before the country is what to do about it.
“It is time for the House of Representatives to take its constitutional responsibility seriously and launch an impeachment investigation. The investigative committee should hold hearings, collect and weigh the evidence, and then present its findings to the Congress and the nation. “
He cited as individual violations on which Obama, if found guilty, should be removed.
The first statement from a member of Congress on the issue of impeachment came from U.S. Rep. Trent Franks, R-Ariz., who responded to this question from Think Progress: “I know Newt Gingrich has came out (sic) and said if they don’t reverse course [regarding trials for terror suspects] here, we ought to be talking about possibly impeaching either Attorney General [Eric] Holder or even President Obama to try to get them to reverse course. Do you think that is something you would support?”
Franks replied: “If it could gain the collective support, absolutely. I called for Eric Holder to repudiate the policy to try terrorists within our civil courts, or resign. So it just seems like that they have an uncanny ability to get it wrong on almost all fronts.”
https://www.youtube.com/watch?v=_yCN93ZNJEM&feature=player_embedded
WND also has reported that Jonathan Chait at The New Republic, before the 2010 election, predicted that the House would impeach Obama with a majority in the House, but he wouldn’t be removed from office because that would demand 67 votes in the Senate.
“Hear me now and believe me later. ... They won’t do it right away. And they won’t succeed in removing Obama. (You need 67 Senate votes.) But if Obama wins a second term, the House will vote to impeach him before he leaves office,” Chait wrote.
In his explanation of why he believed an impeachment could be forthcoming, Chait says the reason itself won’t matter.
“Wait, you say. What will they impeach him over? You can always find something. Mini-scandals break out regularly in Washington. Last spring, the political press erupted in a frenzy over the news that the White House had floated a potential job to prospective Senate candidate Joe Sestak. On a scale of one to 100, with one representing presidential jaywalking and 100 representing Watergate, the Sestak job offer probably rated about a 1.5. Yet it was enough that GOP Representative Darrell Issa called the incident an impeachable offense,” Chait wrote.
WND also reported when Maj. Gen. Jerry Curry, who served in Vietnam and commanded the U.S. Army Test and Evaluation Command at Aberdeen Proving Ground during his long military career, said Congress should simply hand Obama an ultimatum.
“Action should be taken by the Senate and should be taken by the House,” he said. “They should serve notice on him and say, ‘Mr. President, we love you but we want to tell you something. You’re under a cloud of suspicion. We can’t continue running this country with you in charge under this cloud. Now either you clear it up or you resign from office.’”
He was answering questions on Stan Solomon’s “Talk to Solomon” show:
https://www.youtube.com/watch?v=fO8n4Pij158&feature=player_embedded
Peter Ferrara, on the American Spectator website, also has predicted Obama’s resignation.
“I am now ready to predict that President Obama will not even make it [to 2012],” he wrote. “I predict that he will resign in discredited disgrace before the fall of 2012,” Ferrera said.
Times columnist Jeffrey T. Kuhner, who also is president of the Edmund Burke Institute, wrote, “President Obama has engaged in numerous high crimes and misdemeanors. The Democratic majority in Congress is in peril as Americans reject his agenda. Yet more must be done: Mr. Obama should be impeached.”
Kuhner continued, “He is slowly – piece by painful piece – erecting a socialist dictatorship. We are not there – yet. But he is putting America on that dangerous path. He is undermining our constitutional system of checks and balances; subverting democratic procedures and the rule of law; presiding over a corrupt, gangster regime; and assaulting the very pillars of traditional capitalism. Like Venezuela’s leftist strongman, Hugo Chavez, Mr. Obama is bent on imposing a revolution from above – one that is polarizing America along racial, political and ideological lines. Mr. Obama is the most divisive president since Richard Nixon. His policies are balkanizing the country. It’s time for him to go.”
Floyd and Mary Beth Brown, in a WND column, discussed the ImpeachObamaCampaign.com they launched.
And at the Taking America Back 2010 conference in Miami in September, Floyd Brown expanded on the idea.
Brown, president of the Western Center for Journalism, said, “The Obama presidency is a disease. … Article 2, Section 4 (the impeachment clause of the Constitution) is the cure. And it’s Obama’s hatred of America that makes it absolutely imperative that we take action now.
“Barack Hussein Obama is not some do-gooder that has had his plans go astray,” Brown added. “He is not a person of good will just trying his best to make America go the right direction. He is not. Barack Hussein Obama is a liar that absolutely knows what he’s doing to the United States of America. He has a plan. He has an agenda. This man knows exactly where he’s taking us.
“Barack Obama is a very dangerous man,” said Brown. “Over the last two years, we have been watching the slow progression of what I call a bloodless coup.”
Source:
http://www.wnd.com/?pageId=351953
Note: The following articles and/or blog posts and videos support the above article and/or blog post-You Decide:
I. Obama Versus the Constitution!
Posted on American Thinker-By James Lewis-On April 25, 2011:
“The genius of the Constitution is not some person, time, or place. It is a very improbable conjunction of all three. Jefferson and Madison were not the only ones to fear the abuse of power. That idea goes back to the Epic of Gilgamesh. Every family with an alcoholic father or a tyrannical grandmother knows it. In England John Locke and Edmund Burke feared tyranny as much as the American founders, but they never had a chance to build the foundations of a new, independent, great power.
Obama is our first Marxist-Leninist president. He never quite uses those words, but in words and deeds he makes it clear beyond doubt. His two autobiographies all but say it.
I chose my friends carefully. The more politically active black students. ... The Marxist Professors and the structural feminists ... we discussed neocolonialism, Franz Fanon, Eurocentrism,and patriarchy.
The Cardinal Mindszenty Foundation has also published a careful summary of the public record that leaves no doubt about who Obama is.
Obama wrapped himself in his own lifelong cult. Universities are supposed to be places of open debate and open minds, but Obama knew his own life course from childhood on, and never opened up to anything else.
Marxism-Leninism grew out of Europe’s totalitarian and imperialistic tradition. It has nothing but contempt for electoral“bourgeois” government. In the free atmosphere of American life, Marxist campus cults are like little cysts that grow in isolation from the real world. Some of them grow bigger and bigger and finally explode into a billion cancer cells, to enter the bloodstream of American life.
No great power in Europe or Asia has ever managed to keep an American-style constitutional balance for long. After Napoleon, France kept trying different Republics, until de Gaulle created its current constitution, which is now being supplanted by the EU. Britain doesn’t have a written constitution, but rather a vaguely defined cloud of principles that is now crumbling under the assault of Political Correctness. Canada was a British colony until 1931, and is turning into a PC corruptocracy like Europe. Latin America inherited a hidalgo style of politics from Spain, arrogant and contemptuous of peasants and merchants. Fidel Castro and Hugo Chavez are just hidalgos of the left, with Fidel inflicting mandatory six-hour television lectures on his suffering people over half a century. That’s what hidalgos do; no American president could get away with it, and when Obama tried one long speech after another, people just turned off their TVs. Obama must have been stunned that people were not listening to him like the Cubans were listening to Fidel. What’s wrong with these people anyway?
Europe’s trading cities, like Venice, Amsterdam, and Hamburg came the closest to long-lasting electoral rule, but they never controlled the hinterlands.
As for classical Athens, often called the source of Western democracy, Plato and Aristotle were slave-holding aristocrats in a time of endless war, treachery, imperial conquest, mob rule, hedonistic excess, genocide, and tyranny. Plato’s Republic argues for a hereditary aristocracy as the golden mean between one-man tyranny and mob rule, because Plato saw so many political horrors.
In Europe and Asia, new power classes just kept taking over, century after century. Europe gave birth to the political ideals of the Enlightenment, but was never able to put them into practice. Today’s European Union is another gigantic front for an unelected political elite.
Europe’s suicidal weakness today is its cowardice in the face of radical Islam, and the prosecution of heroic Resistance fighters like Geert Wilders, just for saying what millions of Europeans are thinking. In 1938 Churchill was despised by the political elites, but he was never prosecuted for sounding the alarm about Hitler. In the Libyan mess it looked like Europe might finally be growing up. So far it’s getting a D-, mostly for trying hard.
Soon after the American Revolution of 1776, history conducted one of its rare experiments as the French Revolution broke out and quickly fell into bloody anarchy. A decade later Napoleon turned Liberté, Egalité, and Fraternité into another egomaniacal empire. That’s what Mao Zedong did after the Chinese civil war, Lenin after the Romanoffs, Hitler after the Weimar Republic. Most countries just keep flipping between tyranny and civil war. The Arabs are doing it right in front of our eyes today.
What’s new in history is 200 years of peace and stability across 3,000 miles of territory, with only one great breakdown, the American Civil War. Protected by two great oceans and a constitutional balance of powers, millions of people born in the Old World were able to thrive in freedom—not perfect freedom, which does not exist, but far greater liberty than other major countries.
Obama is our first Napoleonic president whose beliefs are far outside our political tradition. After George Washington was elected, nobody knew how a constitutional president would behave. There was real fear that America had just traded one King George for another. When Washington went home after two terms, there was a palpable sigh of relief and celebration. In the last two and a half centuries only FDR has clung to office more than two terms, and that led to the 22nd Amendment. Washington set the precedent.
Obama acts like a Third World socialist, like his Kenyan father, and his thinking is stunningly rigid. He seems to be woefully ignorant about basic economics, science, and technology, international affairs, and the conventions of American politics. Either that, or he is acting that way as part of his peculiar character disorder. Deliberately violating norms is a way to show contempt for “middleclassness,” as Jerry Wright calls it. It’s the bourgeois values that Karl Marx hated so much. In psychiatry, deliberate lifelong violations of accepted rules are a sign of “oppositional-defiant personality,” closely allied with grandiose narcissism. That describes Obama’s lifelong character.
But let’s not exaggerate Obama’s danger. Politicians come and go. Obama calls Republicans “extremists,” “radicals,” and “unpatriotic.” He’s trying to flip the political world upside-down, but the American people know who is really “radical,” “extremist,” and “unpatriotic.” It’s not hard to tell. The left is unpatriotic by definition: They simply refuse to believe in “patria,” the land of one’s fathers and mothers. They are radical transnationalists who pin their faith in some imaginary worldwide command center that will finally solve all human conflict. It will be run by Obama and his kind, of course. This idea is so ancient that it goes back six millennia to Sumer and the Yellow Emperor.
Other politicians in the last 200 years have tried end-runs around the Constitution. The Dixiecrat South was a one-party machine that clung to power for half a century after Reconstruction. Al Capone’s Chicago was a one-party machine, backed by threats and violence. Michelle Obama is the daughter of a ward heeler on Southside Chicago. When she told the world that she “had never felt proud of her country,” she was just echoing the everyday prattle of her cult. Jesse Jackson is a family friend, and Louis Farrakhan is a big political power in Chicago. They are above criticism, because that’s how machine politics works.
Every single imperial ideology in the last two centuries has come from Europe, from Napoleon to Stalin. Obama is not a Jeffersonian democrat. He does not understand or value the European Enlightenment; his roots are in the class war of the 19th century, which has now turned into war of all against all: Women against the men, poor against the rich, blacks against whites, gays against straights. Our media constantly whip up such hatreds, and children learn them in the schools. We have not been able to mount a coherent defense against the leftist divide-and-conquer strategy.
Europe has extreme difficulty with a self-balancing power mechanism like the US Constitution, with the three branches constantly tilting against each other; the States and localities against the Feds; and press monopolies, like today’s liberal media, being constantly challenged by new technologies.
Constitutional government is under sustained and vicious assault by the internationalist left. Just read the headlines. It’s not a coincidence.
Obama believes in internationalism, with grandiose egos like his own ruling the world. That’s what the left is all about, and has been since Karl. Marx is not “progressive” but “retrogressive,” because grandiose empires started six millennia ago in the great river valleys of the Old World, where city states amassed the power and ideological beliefs to conquer their neighbors. Obama would be at home in Egypt, Persia, Assyria, Alexander’s Greek Empire, Rome, the Inca and Maya empires, Russia, Austro-Hungary, the Soviet Union. They are all pyramid-building empires made up of “soviets”—councils—commanded from the top.
The European Union is not an American-style delicately counter-balanced construction, designed to give the people the last word. No, the EU is just another imperial pyramid, and it is systematically disempowering the peoples of Europe.
Americans are the luckiest people in the world, not only because of our material fortune, nor even because of our fundamental decency and good will. We are the luckiest because we can afford to be as dumb as a brick, fail to educate our children, remain blissfully ignorant of the dangers that have killed hundreds of millions of people in the last 50 years, indulge in all the newest drugs, the biggest quantities of alcohol, the widest range of cuisines and tastes, and the usual range of sensual self-indulgence...and we are still protected from doom. So far.
The reason for our astonishing luck can be summarized in a few words. It’s the Constitution.
We’ve been skating on our luck to the point of blind arrogance—so much that our law schools are teaching their students the “revolutionary” fads of Marxism, explaining how to destroy the legal foundation that is the source of all our good fortune. “Revolution” is celebrated, but “revolution” is just a roll-over of power from one ruling class to another. Even the word “revolution” came from Copernicus’s book about the rotation of the earth in the solar system. That kind of turnover of power changes nothing.
Obama really belongs in the post-colonial socialist world, like his father, who also never understood that the land he visited so briefly to father a child, Barack Hussein Obama, Jr., represented the biggest revolution in political history. Barack Sr. flew back to Kenya to join Jomo Kenyatta in just another disastrous post-colonial tyranny, one that may have ended in his own death from alcoholism, despair, and two disastrous automobile crashes. Barack Sr. may have dimly apprehended that things were terribly wrong in Kenyatta’s post-colonial paradise, as indeed they were. India and China also suffered terribly under post-colonial socialism. They only began to recover when they found a way to give their own talented peoples a modicum of freedom to become productive. They re-discovered their own abilities to thrive without bureaucratic tyranny. Obama Jr. has never figured that out.
The US Constitution is the revolution; the rebellions of the left are just reactionary throwbacks. Whether the liberals like it or not, it’s the American Revolution that is radically new, a genuine step toward a different way of living and governing.
The left is not “progressive.” On the contrary, it is a reactionary throwback to a tyrannical past.”
Source:
http://www.americanthinker.com/2011/04/obama_versus_the_constitution.html
II. Video: Barack Ocommie - Obama's Communist Marxist Influences!-Posted on YouTube-By DistressedPatriot-On November 2, 2008:
https://www.youtube.com/watch?v=zIxILQaZwUI&feature=email
III. Communism in Hawaii and the Obama Connection!-Report Posted on USASurvival.org-By Cliff Kincaid, President of America’s Survival, Inc.:
http://www.usasurvival.org/docs/hawaii-obama.pdf
IV. Communism in Chicago and the Obama Connection!-Report Posted on USASurvival.org-By Cliff Kincaid, President of America’s Survival, Inc.:
http://www.usasurvival.org/docs/chicago-obama.pdf
V. Obamunism: Proof of What You’ve Always Suspected!-Posted on The Patriot Update-By Ann-Marie Murrell-On April 13, 2011:
http://patriotupdate.com/articles/obamunism
VI. Obamunism, Part 2-Posted on The Patriot Update-By Ann-Marie Murrell-On April 27, 2011:
http://patriotupdate.com/articles/obamunism-part-2
VII. Video: “Marxism in America” by Lt. Gen. (Ret.) W.G. Boykin-Posted on YouTube-By vincentrand100-On October 23, 2010:
https://www.youtube.com/watch?v=J0wmw8zw2LA
VIII. Video of ASI "Communism in the Classroom" Conference; Learn how Communist Professors Like Bill Ayers Are Brainwashing College Students. Speakers include Paul Kengor, Mary Grabar, and Cliff Kincaid-Posted on USASurvival.org:
http://www.usasurvival.org/communist-n-classrm.html
IX. George Soros assault on U.S. Constitution: ‘White House officials involved in rewriting nation’s founding document’!-Posted on WND.com-By Aaron Klein-On March 27, 2011:
http://www.wnd.com/index.php?fa=PAGE.view&pageId=280277
X. Is History Repeating Itself?-Posted on The Post & Email-By Robert C. Laity-On September 11, 2010:
http://www.thepostemail.com/2010/09/11/so-that-we-may-live-in-liberty/
Note: The following articles and/or blog posts and videos are just a few of the numerous sources that relate to and/or support the above articles and/or blog posts and videos-You Decide:
I. Call for Obama’s resignation cites ‘deceit, fraud, dishonesty’: ‘We can wait no longer for a traditional change of power and new government!’-Posted on WND.com-By Bob Unruh-On June 8, 2010:
http://www.wnd.com/index.php?fa=PAGE.view&pageId=164409
II. Maj. Gen. Paul E. Vallely: We need to demand resignations of Obama, his cabinet, and members of Congress “This Has Never Occurred Before In America!”-Posted on Post & Email-By Sharon Rondeau-On June 16, 2010:
III. Explosive Testimony Against “Travesty of Justice” Department!-Posted on Floyd Reports-By Ben Johnson-On September 24, 2010:
IV. Godfather of Islamic Revolution? ‘Barack Hussein Obama may be the godfather of the Islamic revolution. The tempo and turmoil of regional events fit his agenda, and may be a result of his policies.’-Posted on Israel National News-By Dr. Mordechai Nisan-On February 10, 2011:
http://www.israelnationalnews.com/Articles/Article.aspx/9982
V. The President Who Hates His Country-Posted on Canada Free Press-By Joan Swirsky-On March 3, 2011:
http://canadafreepress.com/index.php/article/10784
VI. Fundamental Transfrmation? Andy Stern Speaks Out Against Checks And Balances-Posted on The Blaze-ByJonathon M. Seidl-On April 8, 2011:
VII. Allen West: Tired of Obama’s ‘Marxist Rhetoric’-Posted on NewsMax.com-By Hiram Reisner-On April 22, 2011:
http://www.newsmax.com/InsideCover/Barack-Obama-Hussein-Allen/2011/04/22/id/393732
VIII. Why does liberalism exhibit self-destructive behavior?-Posted on A Hollywood Republican-By Craig Covello-On April 26 2011:
http://www.hollywoodrepublican.net/2011/04/why-does-liberalism-exhibit-self-destructive-behavior/
IX. Obama Faces Hard Times with Catholic Voters-Posted on American Spectator-By Deal W. Hudson & Matt Smith-On April 25, 2011:
http://spectator.org/archives/2011/04/25/obama-faces-hard-times-with-ca
X. Obama: Freedom or Islam? ‘White House panders to Muslims instead of pushing American values’-Editorial posted on the Washington Post-On May 12, 2011:
http://www.washingtontimes.com/news/2011/may/12/obama-freedom-or-islam/
XI. Obama’s Abandonment of America-Posted on Big Peace-By Caroline Glick-On May 20, 2011:
http://bigpeace.com/cglick/2011/05/20/obamas-abandonment-of-america/
XII. The Greatest Fraud Perpetrated in American History!-Posted on The Post & Email-By JB Williams-On June 12, 2011:
http://www.thepostemail.com/2011/06/07/evidence-broadens-obama-natu...
XIII. Ex-CIA: ‘Forged document’ released as birth certificate!-Posted on WND.com-By Bob Unruh-On June 15, 2011:
http://www.wnd.com/index.php?fa=PAGE.view&pageId=311433
XIV. Obama's Final Solution!-Posted on American Thinker-By James Lewis-On July 3, 2011:
http://www.americanthinker.com/2011/07/obamas_final_solution.html
XV. Video: Why This President Is So Dangerous'!-Posted on ExposeObama.com-On July 9, 2011:
XVI. A Leaderless Nation!-Posted on American Thinker-By Peter Heck-On August 11, 2011:
http://www.americanthinker.com/2011/08/a_leaderless_nation.html
XVII. Video: Failure of Leadership!
https://www.youtube.com/watch?feature=player_embedded&v=Cbe8e1tIqxQ
XVIII. “Day of Rage” Obama re-election team in disguise?-Posted on Canada Free Press-By Judi McLeod-On September 16, 2011:
http://www.canadafreepress.com/index.php/article/40397
XIX. The Obama Investigations!-Posted on The Heritage Foundation-By Mike Brownfield-On September 21, 2011:
XX. Obama’s Predictable Scandals!-Posted on National Review Online-By VICTOR DAVIS HANSON-On September 21, 2011:
http://www.nationalreview.com/articles/277797/obama-s-predictable-scandals-victor-davis-hanson#
XXI. Christie labels Obama a ‘bystander in the Oval Office’ dividing the country to ‘achieve re-election’!-Posted on The Daily Caller-By Nicholas Ballasy-On September 28, 2011:
XXII. Obama administration filled with activists for globalism: ‘Seeking 'climate change adaption,' crackdown on firearms, gun sellers’-Posted on WND.com-By Aaron Klein-On October 1, 2011:
http://www.wnd.com/?pageId=350049#ixzz1ZdXprxHX
XXIII. Obama’s ‘Lost’ Policies Could Foment Civil Unrest!-Posted on NewsMax.com-By David A. Patten-On October 1, 2011:
XXIV. Obama Proudly Declares Class War: ‘But the rich are already getting soaked!’-Posted on National Review Online-By DEROY MURDOCK-On October 3, 2011:
http://www.nationalreview.com/articles/278930/obama-proudly-declares-class-war-deroy-murdock?page=1
XXV. Video: BET Founder Rips Obama For 'Attacking Success!'-Posted on Fox Nation-By Jake Sherman, Politico-On October 2, 2011:
http://nation.foxnews.com/herman-cain/2011/10/02/bet-founder-rips-obama-attacking-success
XXVI. Video: Jesse Lee Peterson-Obama Hates the White Man and he is a dangerous man!-Posted on YouTube.com-By psam4711-On June 25, 2009:
https://www.youtube.com/watch?v=xgpVQvqD1vQ&feature=related
XXVII. Video: Savage, Impeach Obama Before He Makes Us the “United Soviet States of America”!-Posted on ExposeObama.com-On September 28, 2011:
XXVIII. Video: What’s the Biggest Threat in America?-Posted on The Patriot Update-On September 27, 2011:
http://patriotupdate.com/videos/whats-the-biggest-threat-in-america
Note: What follows are numerous articles and/or blog posts and videos that seem to make a good case for the impeachment of President Obama-You Decide:
I. Video: Breaking! Another Scandal That Could Take Obama Down!
https://www.youtube.com/watch?v=PoVv-CvnLzg&feature=player_embedded#at=223
II. Was Solyndra an Impeachable Offense?-Posted on ExposeObama.com-By Ben Johnson, The White House Watch-On September 15, 2011:
http://www.exposeobama.com/2011/09/15/was-solyndra-an-impeachable-offense/
III. A Congressman Confirms GOP is Talking Impeachment!-Posted on Floyd Report-By Ben Johnson-On July 9, 2011:
http://floydreports.com/a-congressman-confirms-gop-is-talking-impeachment-video/
IV. Video: Why This President Is So Dangerous’!-Posted on ExposeObama.com-On July 9, 2011:
V. Vermont Senate Candidate Says, “Impeach Obama!”-Posted on ExposeObama.com-On May 10, 2011:
VI. The Impeach Obama Campaign Hits Jerusalem-Posted on ExposeObama.com-On April 29, 2011:
VII. A Democrat Calls for Obama’s Impeachment-Posted on ImpeachObamaCampaign.com-By admin-On April 27, 2011:
VIII. Video: Alan Keyes, Impeachment is “The Best Way” to Save America-Posted on ExposeObama.com-On April 18, 2011:
IX. At least one Florida Republican stands by pledge to impeach Obama over immigration, ‘if necessary’-Posted on The Florida Independent-By Marcos Restrepo-On April 18, 2011:
http://floridaindependent.com/27197/dennis-ross-impeachment-obama-immigratio
X. Video: Articles of Impeachment for Tyrant Obama-Posted on Impeach Obama Campaign-By Ben-On April 14, 2011:
XI. The Case for Impeachment-Posted on The John Dennis Report-By Anthony Gregory-On April 12, 2011:
http://johndennisreport.com/impeachment/the-case-for-impeachment
XII. Lawyer Drafts Articles of Impeachment Over Libya-Posted on Floyd Reports-By Ben Johnson-On April 7, 2011:
XIII. More Citizen Activism for Impeaching Obama-Posted on ExposeObama.com-On April 1, 2011:
XIV. Video: Impeach Obama for One Constitutional Crisis After Another-Posted on ExposeObama.com-On March 29, 2011:
XV. Yes, it’s time to impeach Obama-Posted on WND.com-By Joseph Farah-On March 29, 2011:
http://www.wnd.com/index.php?fa=PAGE.view&pageId=280825
XVI. Tea Party protestors say impeach Obama: Government over spending-Posted on The Examiner-By KC Kelly, West Palm Beach Headlines Examiner-On March 25, 2011:
XVII. The GOP’s Political Salvation: Impeachment?-Posted on Floyd Reports-By Ben Johnson-On March 25, 2011:
XVIII. Ron Paul believes Libya intervention an ‘impeachable’ offense-Posted on The Daily Caller-By Steven Nelson, The Daily Caller-On March 22, 2011:
http://dailycaller.com/2011/03/22/ron-paul-believes-libya-intervention-an-impeachable-offense/
XIX. Dems Rip Obama on Libya, Bring Up ‘Impeachable Offense’-Posted on NewsMax.com-By Jim Meyers and Dan Weil-On March 22, 2011:
XX. The Blueprint: Obama’s Plan to Subvert The Constitution and Build an Imperial Presidency-Posted on The Washington Times- By Ken Blackwell and Ken Klukowski-On March 21, 2011:
http://www.washingtontimes.com/news/2011/mar/21/president-obamas-destructive-agenda/
XXI. Kucinich: Libya action ‘impeachable’-Posted on Politico-By JENNIFER EPSTEIN-On March 21, 2011:
http://www.politico.com/news/stories/0311/51668.html
XXII. Michael Savage: Impostor in the White House; Obama Should be Impeached-Posted on Project Nsearch-By fantasmo blanco-On March 21, 2011:
http://www.project.nsearch.com/video/michael-savage-impostor-in-the
XXIII. Candidate Obama would demand impeachment of President Obama [Reader Post]-Posted on Flopping Aces-By Dr John-On March 20, 2011:
XXIV. Impeach Warmonger Obama NOW!-Posted on Right Pundits-By Andrew Zarowny-On March 20, 2011:
http://www.rightpundits.com/?p=8436
XXV. Nader: Impeach Obama for ‘war crimes’-Posted on The Hill-By Jordan Fabian-On March 20, 2011:
XXVI. Is Obama Even Worse Than Bush?-Posted on American Chronicle-By David Swanson-On March 15, 2011:
http://www.americanchronicle.com/articles/view/224449
XXVII. Impeachment? Lessons Obama learned from Clinton experience: ‘Prosecutor-author sees White House on offense, not defense’-Posted on WND.com-On March 13, 2011:
http://www.wnd.com/?pageId=273817
XXVIII. Poll: 60% of Tea Party, Nearly Half of GOP Support Impeaching Obama-Posted On Floyd Reports-By Ben Johnson-On March 11, 2011:
XXIX. Barack Obama: Congress Must Act to Make Him a ½ Term President!-Posted on Canada Free Press-By John Lillpop-On March 10, 2011:
http://canadafreepress.com/index.php/article/34255#When:14:47:37Z
XXX. Obama: Impeach and convict now!-Posted on WND.com-By Larry Klayman-On March 5, 2011:
http://www.wnd.com/index.php?fa=PAGE.view&pageId=271037
XXXI. Video: Prof Who Drafted Impeachment Articles for Bush Says Impeach Obama-Posted on ExposeObama.com-On March 4, 2011:
XXXII. Impeach the stonewalling Obama!-Posted on WND.com-By Joseph Farah-On June 1, 2010:
http://www.wnd.com/index.php?fa=PAGE.view&pageId=160669
Note: This is a letter that was sent to the FBI Director requesting that President Obama be investigated for numerous high crimes and misdemeanors-You Decide:
FBI Complaint Letter-Posted on Scannedretina.WordPress.com-By arnierosner-On August 23, 2010:
http://scannedretina.wordpress.com/2010/08/23/fbi-complaint-letter/
Note: My following blog posts contain numerous articles and/or blog posts and videos that relate to this disturbing issue-You Decide:
Is History Repeating Itself?
http://weroinnm.wordpress.com/2010/09/20/is-history-repeating-itself/
Washington Times Calls for Obama’s Impeachment!
http://weroinnm.wordpress.com/2010/08/31/washington-times-calls-for-obama’s-impeachment/
Is it time to call for Obama's resignation?
http://weroinnm.wordpress.com/2010/06/09/is-it-time-to-call-for-obamas-resignation/
Is It Time to Impeach the Stonewalling Obama!
http://weroinnm.wordpress.com/2010/06/01/is-it-time-to-impeach-the-stonewalling-obama/
Does Our President Hate America?
http://weroinnm.wordpress.com/2011/03/04/does-our-president-hate-america/
Communism in Hawaii and the Obama Connection!
http://weroinnm.wordpress.com/2009/11/19/communism-in-hawaii-and-the-obama-connection/
Progressives and Communists Are Out of the Closet Together!
http://weroinnm.wordpress.com/2010/10/05/progressives-and-communists-are-out-of-the-closet-together/
What we haven’t been told about the President’s background!
http://weroinnm.wordpress.com/2010/05/03/what-we-haven’t-been-told-about-the-president’s-background/Godfather of The Islamic Revolution!
http://weroinnm.wordpress.com/2011/02/11/godfather-of-the-islamic-revolution/
Is President Obama inciting riots across the US?
http://weroinnm.wordpress.com/2011/02/23/is-president-obama-inciting-riots-across-the-us/
Did ATF provide weapons to Mexican drug cartels that were subsequently used to kill one of our own?
The Greatest Fraud Perpetrated in American History!
http://weroinnm.wordpress.com/2011/06/20/the-greatest-fraud-perpetrated-in-american-history/
President and DOJ have contributed to the racial mess in our country!
The Racial Mess!
http://weroinnm.wordpress.com/2010/08/08/the-racial-mess/
Obama is fomenting a race war?
http://weroinnm.wordpress.com/2010/05/01/obama-is-fomenting-a-race-war/
Veterans and members of our Armed Forces under attack!
http://weroinnm.wordpress.com/2010/05/23/veterans-and-members-of-our-armed-forces-under-attack/
The Military Pays the Price for Obama's Agenda!
http://weroinnm.wordpress.com/2010/08/11/the-military-pays-the-price-for-obama’s-agenda/
It’s Getting Very Serious Now!
http://weroinnm.wordpress.com/2009/05/15/it’s-getting-very-serious-now/
Shocking New Report! Obama’s Real Terrorists: Targeting Patriots and The Right!
Is it important to understand the Marxist assault on the foundations of our system?
Note: If you have a problem viewing any of the listed blog posts please copy web site and paste it on your browser. Be aware that some of the articles and/or blog posts or videos listed within the contents of the above blog post(s) may have been removed by this administration because they may have considered them to be too controversial. Sure seems like any subject matter that may shed some negative light on this administration is being censored-What happened to free speech?-You Decide.
“Food For Thought”
God Bless the U.S.A.!
https://www.youtube.com/watch?v=Q65KZIqay4E&feature=related
Semper Fi!
Jake
With Mitt Romney a leading contender for the Republican presidential nomination, this good man’s qualifications are being impugned by those who disagree with his Mormon faith.
According to some, Mormonism is a ‘cult,’ with the strong implication that those who practice this faith are somehow not ‘real’ Christians.
For the record, Cult is defined in the dictionary as follows:
a particular system of religious worship, especially with reference to its rites and ceremonies, and
an instance of great veneration of a person, ideal, or thing, especially as manifested by a body of admirers
Mormons practice their faith as members of the Church of Jesus Christ of Latter Day Saints.
Despite the prevalence of popular myth, the object of LDS veneration is Jesus Christ, not Joseph Smith nor Brigham Young or any other mortals.
It is true that Mormonism embraces rituals and beliefs not honored in ‘traditional’ Christian churches.
However, any suggestion that these good, decent people are ‘weird’ or not real Christians is based on religious prejudice and intolerance.
Consider, please, Hymn 193 from the Mormon Hymnal.
Titled, I Stand All Amazed, the lyrics to this song say it all about the precious Christian values and beliefs which bind the LDS faithful:
Lyrics: 193
I STAND ALL AMAZED
I stand all amazed at the love Jesus offers me
Confused at the grace that so fully he proffers me
I tremble to know that for me he was crucified
That for me, a sinner, he suffered, he bled and died
Chorus:
Oh, it is wonderful that he should care for me enough to die for me
Oh, it is wonderful
Wonderful to me
I marvel that he would descend from his throne divine
To rescue a soul so rebellious and proud as mine
That he should extend his great love unto such as I
Sufficient to own, to redeem and to justify
(Repeat chorus)
I think of his hands, pierced and bleeding to pay my debt
Such mercy, such love and devotion can I forget?
No, no, I will praise and adore at the mercy seat
Until at the glorified throne I kneel at his feet
I stand all amazed at the love Jesus offers me
Secure in the promise of life in his victory
Thus ransomed from death I will live to my Savior's praise
And sing of his goodness and mercy through endless days.
There is hardly a more gripping hymn that this, especially when performed by the Mormon Tabernacle Choir.
Is Mormonism a ‘cult’ ?
Yes, Mormonism is ‘an instance of great veneration of a person, ideal, or thing, especially as manifested by a body of admirers.’
Remember, the object of LDS veneration is Jesus Christ!
Barack Hussein Obama, the liberal enemy within, is beginning his liberal movement for circumvention of the rule of law and this Democratic Republic, through the guise of political and economic protests on Wall Street and conservatism. Today he has given his support to the violence that is taking place on the streets nation wide where the demonstrations have already racked up over 700 arrests.
First the left demonizes the Tea Party as being radicalized and racist, now Van Jones, Nancy Pelosi and Obama have said they wish to emulate the Tea Party. Like all Tea Party Members, I too sense a malevolent intent behind these protests, one being its complicity to except law breaking measures much like what happened in Wisconsin when the left advocated violence. When we, the Tea Party, gathered to demonstrate the misuse of government, no one was ever arrested as no one ever broke any laws. This "movement" however, is insidious in nature and violent at its core, which lends a credible distrust and rebuke of the Great Satan that is the head of this evil, Barack Hussein Obama.
I mean, why would a leader, which has spoken for restraint and civility in politics as well as gatherings lend his support to a "movement" that materializes the exact opposite?
This is exactly why Obama has been one of the main forces behind the left's treasonous assaults on the American Constitution and the American people. He has committed this deception that has gone beyond that of normal diplomacy and directly into negligent waters. Some verging on the realm of harmful.
He continues to strike at our founding principles and our American Spirit, he pins one group of Americans against that of another group of Americans.
The evidence, which is far reaching, shows how and when the President violated his Presidential Oath to ensure the faithful and fair execution of the law and to protect the Union from invasion and from foreign threats abroad. All accounts which he has ignored or oppressed. My major issue however, is from the right whom continue to assume these behaviors and activities could be marked off as mere unintentional ineptitude, this assumption is far from the truth. First he had a 20 year relationship with Rev. Wright, Farrakhan, Jones and the Libyan dictator, Quddafi. Second he has high level closed meetings with racist groups such as the New Black Panthers, La Raza and the Muslim Brotherhood. Third he continues to wedge greater tensions between races, political ideology and social classes. Fourth he refuses to do anything of substance to secure our borders, jobs and healthcare from the likes of ILLEGAL IMMIGRANTS, he also refuses to allow sovereign states the right to self defense and litigates to every state from enacting laws they can enforce denying them equal protection.
Fifth he spends an extreme amount of taxpayer funds to programs that don't exist or operates outside of the U.S.. Sixth he creates "czars" that have not be vetted by the Congressional branch, thus disallowing these "czars" any power be it little or extensive. He has not adhered to his constitutional obligations at all.
So comparing these characteristics into one picture the image begins to form that Obama and high ranking liberals have initiated the process by which they can collapse the U.S. and effectively void out the constitution.
This is serious and an act of war and I hope the House does not hesitate to call forth the militia to remove the sitting president, Obama, from the White House should he refuse any further to comply with the process of fair and equal law and measures that prove detrimental to the U.S. being a viable solvent nation.
This is why Obama IS the GREAT SATAN.
Remember Andy Sterns comment? “We will use the power of persuasion or the persuasion of power.” It is clear these tactics are identical to values espoused by the Unions and Socialists.
The Union ‘Puppet-Masters’ are now stepping forward as a clear signal to expand hostile activities in major city centers, with the intended purpose to disrupt commerce. Soon to follow will be a coordinated effort to deploy flash mobs in a contrived crisis, thereby destroying the property and hopes of business owners. Because of the coming public disobedience inspired by the Union Socialist agenda, the Tea Party must identify these culprits and request our leaders not to cuddle the OWS radicals.
As a matter of fact, the Tea Party denounces those lame illegal OWS protesters and their dubious socialist underpinnings.
Over 2000 Tea Party events have been successfully accomplished and with no arrests, however, as of October 7th, 2011 the OWS has had over 700 arrests. Clearly the OWS is hostile, bought and paid for by cronyism, and diametrically opposite of Tea Party ideals.
Conveniently, Obama’s lackluster job killing bill is primed to be rammed down the throats of the American taxpayers. It is painfully obvious the OWS riots are contrived and a coordinated distraction to negate scrutiny of Obama’s job proposal. Because of the illegal actions of the OWS, the Obama Administration’s endorsement of their actions is sending a dangerous message to the world and the American people as well. Obama’s irresponsible message is echoing in the ears of insurrectionists! He and the OWS are saying: “The only way to change America is through violence and NOT the democratic process.”
Many in the Tea Party are speculating the OWS riots and the failed Obama legacy, is an attempt to shore up union (government) workers with billions of taxpayer dollars. It is ironic the current beneficiaries of the Stimulus Packages, and Obama’s lackluster job killing bill, are locking arms with the OWS anarchist/socialist protesters, including Trumpka, for the express purpose of projecting a false image of that portrays the rich as bad, evil and something no one wants to be.
In additional to that, the churning of the Socialist left raises an additional question of the waiver of immunity and State Sovereignty by the intervention of Federal financial mandates through the wrongful application of government assistance. It appears to the Tea Party that a more sinister agenda is afoot through the illegal actions of the OWS.
Is the secret agenda of Obama job’s bill an expansion of Civil Rights rather than creation of jobs for the millions of the unemployed? The ‘so called jobs proposal’ establishes a new protected class of Rights tantamount to the ‘inalienable rights of the unemployable’.
To add injury to insult, Hilda Solis (Department of Labor) and Janet Napolitano (Homeland Security) have both advocated policies which allow illegal aliens greater protection (rights) and possibly Amnesty. With such vagueness the ‘inalienable rights of the unemployable’ would be extended to illegal aliens, thus allowing this new class to sue States and employers. Clearly, Obama’s jobs killing bill will force employers to severely limit hiring anyone, because of the suspicion of fear of a Law Suit. Jobs cannot be created without a demand for products or services and the Tea Party knows this and is working on a solution to end cronyism, the debt and create jobs.
What are the core values of OWS? It appears the OWS extremist values are; profits are always bad, the Rich are always evil, and the poor huddling masses are always good and beautiful people for merely being poor and huddling masses! These core beliefs are foundational cornerstones of socialism, pure and simple.
The Tea Party is proud of its core values, core principles rooted in historical fact which has made America great:
1. Non-partisan
2. Constitutional (fiscally Conservative) Government
3. Free Enterprise
George Washington warned of the danger partisanship as the undoing of our nation. This is why Cronyism is not Capitalism. Cronyism is an attempt to usurp our representative government and undermines the principle of free enterprise/competition. The principle of a Constitutional (fiscally conservative) Government prevents tyranny by big government and limits its encroachment and the erosion of our freedoms guaranteed in the Declaration of Independence, Constitution, Bill of Rights and our other great documents.
Lastly, the principle of Free Enterprise was laid by the pilgrims, the first settlers, who knew the notion of collectivism is a failed concept. William Bradford realizing the fallacy of socialism took action to develop an economy based on opportunity. This opportunity allowed America’s first settlers to realize new found freedoms of private property and ownership. The U.S. Constitution and the free enterprise based economy has been the driving force in American exceptionalism. Contrary to the radicals on Wall Street, the Tea Party continues to provide solutions, such as the True Tax, and other solutions that adhere to sound principles established by Our Founders with the intent and purpose to strengthen and restore America.
In Contrast, the radicals advocated principles are eerily similar to Karl Marx and the Socialist Party. Karl Marx, unlike America’s Founding Fathers, despised the concept of capitalism, private property, and hated the idea of a middle (business) class. The Radicals on Wall Street echo the same old story of Marx with a new vernacular. The proletariat, in their view, is now the working/middle class.
Remember, Marx wanted to eliminate the middle (business) class, thereby setting the stage for the outrageous claims of the OWS, as they bellow forth that no one is entitled to private property and therefore wealth must be seized and redistributed to the mindless masses, presuming to know better what the greater good is. The OWS demands an opportunity based economy be fundamentally transformed to become a State Controlled economy, therefore, the State dictates values, jobs, production and every aspect of the lives of the American people.
The OWS rioters say they hate crony capitalism, but ignore the fact their own funding is cronyism. The Tea Party is now bringing awareness to the OWS source of cronyism which lay in the heart of Washington, not Wall Street.
The values and agenda of OWS radicals are foreign to this nation. The implication of the OWS failed ideology of a Socialist agenda, if allowed to grow, will dismantle America and install ‘Rich-Hate’, the violation of the rule of law, immorality, and class warfare.
The OWS mentality should be rejected by every American Patriot.
OWS radicals may have changed their name, but their agenda remains the same - SOCIALISM.
The debate continues to rage over this administration's targeted attack on Anwar al-Awlaki, the American-born individual who has been "the head of the spear" as far as terrorism goes, on the Internet and intimately involved for years in attempted attacks on Americans, such as the "Underwear Bomber", and many others. He provided the final "religious counselling" for a number of the 9/11 attackers.
We've been going around here, and just about everywhere else, about the legality of the operation that took him and his IT-guy to their well-deserved final resting place, courtesy of a United States Military drone.
It would be an act of completely incomprehensible faith if I could give credit to this "administration" for a job well-done. Nothing to date would signify that there is any reason whatsoever to believe that the "community organizer-in-Chief" has changed his ideological warfare against this nation that would serve to benefit us, other than the fact he was over-ruled by our Military, and the operation that took out this scum (Awlaki, not the CO-in-Chief) pre-dated his administration by a number of years. That being said, the question remains:
Is it legal?
Is it Constitutional?
Are we to be labeled terrorists (WOOPS-ALREADY ARE!!!!) and need to be watching the skies as we sidle out the back door to the grill with a plate-full of uncooked pork and a cold beer? The full spectrum of the debate has been airing out on Tea Party Radio lately, running the gamut of popular opinion. I'd like to add this little tid-bit to the discussion, as it looks to continue to be a long one:
This week's PC oxymoron, "U.S. citizen enemy combatant," has driven heated debates on the topic. Specifically, many on the Left, as well as GOP presidential candidate Rep. Ron Paul (R-TX), have protested the U.S. drone strike death of Anwar al-Awlaki, the Yemeni-American cleric linked to several terrorist plots and attacks against the U.S. (Fort Hood, the Christmas Day underwear bomber, the Times Square car bombing), on the basis of his U.S. citizenship.
Al-Awlaki, along with his understudy -- another U.S. citizen, Samir Khan -- were both killed on the Saudi-Yemen border by drone missiles specifically targeting al-Awlaki. The controversy surrounding the attack centers on the idea that the U.S. owes its citizens -- wherever they happen to be -- the constitutional protections afforded to all U.S. citizens, to include rights of due process as well as the ability to have "a day in court." The problem, of course, is that such thinking is simply wrong.
For starters, American citizens have never been accorded such "rights" when they have taken up arms against their own country. The Supreme Court has reinforced this fact several times. Notably, in World War II it ruled that the U.S. citizenship of captured German spy/saboteurs was irrelevant when the citizen associates himself with the enemy power and operates as an enemy belligerent. In essence, the Court used a walks-like-a-duck-and-quacks-like-a-duck analysis to conclude that U.S. citizens who operate as enemy combatants in wartime are, in fact, enemy combatants, and that the classification preempts any citizenship status.
More recently, the Court in Hamdi v. Rumsfeld (2004) added support to this conclusion, stating, "A citizen, no less than an alien, can be part of or supporting forces hostile to the United States or coalition partners and engaged in an armed conflict against the United States." In other words, independent of any "rights" Al-Awlaki and Khan may have claimed as U.S. citizens, when each joined a belligerent foreign military force -- al-Qa'ida -- and entered the battlefield as an enemy combatant against the U.S., they gave the U.S. the "right" to shoot back. And we did. End of (al-Awlaki's) story.
I tend to agree completely. This falls under the "natural rights" category, the right to defend oneself against any enemy, foreign or domestic. This does NOT abrogate the Rule of Law, but merely EXERCISES IT. The biggest problem we face now, is that we are confronted with an ideology and ideological misfits that will use the very existence of the Rule of Law against US as they pervert the very system of Laws we use to defend ourselves.
I bought 300 more rounds of ammo today.
God Bless America, and God Bless You!!
What’s wrong with this picture?
-Posted on The Blaze-By Christopher Santarelli-On August 8, 2011:
“In the first trading day following S&P’s announcement that the U.S. government credit rating would go from Triple-A down to AA+, U.S. stocks have sharply declined and investors are scrambling to rid themselves of risky assets. With Wall Street in disarray, one investor is smiling after having walked away from the crisis possibly 10 billion dollars richer. ETF Daily News reports that the investor bet on the downgrade, and is now heavily benefiting from it:
“Someone dropped a bomb on the bond market Thursday – a $1 billion Armageddon trade betting the United States will lose its AAA credit rating. In one moment, an invisible trader placed a single trade that moved the most liquid debt market in the world. The massive trade wasn’t placed in bonds themselves; it was placed in the futures market. The trade was for block trades of 5,370 10-year Treasury futures executed at 124-03 and 3,100 Treasury bond futures executed at 125-01.”
Jack Barnes of Money Morning suggests hedge fund manager John Paulson, Bill Gross’s PIMCO, or U.S. and Chinese central banks could be the betters, as they are some of only a few shops or central banks that could even take on such a level of market risk. Barnes notes that Paulson made about $6 billion on a similar trade not too long ago when he bet against subprime mortgages, the investments that helped bring down Lehman Brothers in 2008.
That seems plausible. But there is one more possibility. At least one outlet is suggesting that liberal financier and billionaire investor George Soros could be the one. Daily Mail reports:
“There are mounting rumours that investor George Soros, 80, famously known as ‘the man who broke the Bank of England’, could be involved.
He made more than $1billion on currency speculation when the British pound left the Exchange Rate Mechanism on Black Wednesday in 1992.
The latest bet was made on July 21 on trades of 5,370 ten-year Treasury futures and 3,100 Treasury bond futures, reported ETF Daily News.
Now the investor’s gamble seems to have paid off after Standard and Poor’s issued a credit rating downgrade from AAA to AA+ last Friday.
Whoever it is stands to earn a 1,000 per cent return on their money, with the expectation that interest rates will be going up after the downgrade.”
The deal was made around the same time Soros dissolved the non-family aspect of his hedge fund, returning money to outside investors while freeing his fund from adhering to SEC reporting mandates. Barnes asserted in July that whoever made the deal must have been a major proprietary trader who had an ear to someone first aware of when a debt-cieling deal was made between major leaders in Washington. Kenneth Schortgen connects the dots to Soros’s possible involvement:
“While the identity of the ‘mystery investor’ remains unknown, many indicators do point to George Soros as the principal benefactor. First, Soros has been tied to the Obama administration since the 2008 elections. In February of this year in fact, a Soros investment fund profited well on President Obama’s new green energy policies. Secondly, right about the exact same time as the $1 Billion bet took place on the US credit rating downgrade, Soros made public the move to divest his management fund of outside investors, and quietly go private. This move allows him to make trades and investments without being required to notify the SEC under the new Dodd-Frank act passed in Congress last year.
Of course, this mystery bet could have been made by any Hedge Fund that followed Soro’s course of action, and went private on their own. However, very few people have the inside contacts with the Treasury Department and Obama administration that Soros does, and the historical evidence does point strongly to this bet being one that he has done in the past.”
In 1992 Soros nearly destroyed the British Pound, and made a profit of $1 Billion, by betting against the currency and borrowing sterling heavily, converting that into a mixture of Deutschmarks and French francs. On “Black Wednesday,” Soros’s bet paid off, and he has since been called the man “who broke the Bank of England.” Many see “eerie similarities” between the breaking of the Bank of England, and the investor who made big when betting on the first S & P downgrade to U.S. credit in the agency’s history.
Time will tell if the mystery investor, and his or her high-level Washington insider, will be revealed.”
Source:
Note: The following articles and/or blog posts and videos relate to this disturbing issue-You Decide:
I. Agents of George Soros Sabotaging the U.S. Economy!
What’s wrong with this picture?
Posted on USA Survival News-By Cliff Kincaid-On August 25, 2010:
“In shocking news, the New York Times cites figures that investors withdrew $33.12 billion from domestic stock market mutual funds in the first seven months of this year when billions of dollars should have been expected to be flowing in.
The New York Times blames this unusual development on “economic uncertainty.” One explanation is that the financial reform bill pushed by President Obama and passed by Congressional liberals was a complete fraud. The bill failed to protect invested capital, did nothing to stop the devaluation of our homes, anddidn’t reform Fannie Mae and Freddie Mac, the government sponsored mortgage entities involved in the financial crisis.
As we have consistently reported, the basic problem is that the regulations that protected investors and their capital were removed, beginning in 2007 under the George W. Bush Administration, and have not been restored.
Zubi Diamond, author of Wizards of Wall Street, has released a new YouTube video highlighting what needs to be done and how the nation got into this predicament. He has focused attention on the notorious hedge fund short sellers who brought on the 2008 economic and financial crisis that paved the way for Barack Obama’s election as president.
These short sellers, such as George Soros, made billions of dollars betting on the collapse of the subprime mortgage industry as ordinary Americans lost their savings.
“They subverted our capitalist system economy in order to achieve a regime change in America. They looted the country and visited financial violence on the American people. American families bear the brunt of the destruction of capitalism and the installation of socialism in their country with job losses, home foreclosures, and retirement portfolio wipe-outs,” Diamond charges.
The major media, he said, have concealed the truth about what has happened from the American people.
He explained, “Most Americans cannot even imagine the fact that this calamitous crisis was deliberately engineered by enemies and traitors within our borders.”
Diamond urged the media to start educating the public about what is happening: “Most people do not know how capitalism works, in terms of the safeguard regulations which protected our capitalist economy. Once you unhinge and unscrew the nuts and bolts, and tear down the underpinnings and remove the safeguard regulations, you have succeeded in dismantling capitalism and killing the economic engine of growth. They are killing the goose that lays the golden egg.”
In response to the Times article about investors fleeing the market, Diamond said, “Who wouldn’t flee the market when you are being robbed every day by the hedge fund short sellers? They are targeting and preying on the small investors. The reality is beginning to sink in as more people and more people realize that the economy is in terrible shape, and it is not going to recover.”
A recovery is possible, Diamond said. But the Congress and the President have to restore the regulationsthat “protect the invested capital that is needed to create jobs, and to protect the value of our homes and assets. You must restrict short sale transactions, end mark to market accounting completely, restore the old circuit breakers, and restore the old uptick rule to their original condition without any modification.” His recommendations include:
- Reinstate the uptick rule.
- Remove mark-to-market accounting and replace it with historic cost accounting.
- Dismantle and discontinue trading on all the short Exchange Traded Funds (ETFs), also called leveraged inverse ETFs.
- Reinstate the circuit breakers and the trading curb to kick in whenever the Dow Jones drops 150 points.
- Regulate the hedge funds just like mutual funds and pension funds are regulated.
A powerful film, Stock Shock: The Short Selling of the American Dream, analyzes this phenomenon as it relates to the rise and fall of Sirius XM radio stock. The film asserts that the removal of the uptick rule in 2007 by the Securities and Exchange Commission (SEC) led to the rise of short selling and stock market manipulation.
Diamond explained how the looting and destruction of the economy have occurred. “To short sell a stock is to sell a stock you do not own. Such a transaction should be governed by a regulation, designed to protect the owners of the stock, their assets and invested capital. That regulation which governed short sale transactions is called the uptick rule or short sale restriction rule.”
He added, “The Managed Funds Association (MFA), the association of hedge fund short sellers, successfully lobbied regulators and policy makers to remove that short sale restriction requirement, meaning they now have the government’s approval to sell what they do not own unrestricted, when they know very well that selling what they do not own is stealing. The only difference is that they are stealing with the approval of the government.”
“Our stock market is a broken market,” Diamond added. “There is no investor confidence because the invested capital is not protected. There is no uptick rule, no circuit breakers and no trading curb. There are no legal protections for the capital. There is no capitalism.”
The stock market, he said, has become “a money manufacturing factory. The commodities being processed are the small investors, retirement portfolios, and mutual fund investors.” As a result, the small investors are experiencing diminishing returns and losing their appetite for risk.
The Times should explain to its readers the real reason why investors are fleeing the stock market, he said.
“Our publicly traded companies can now be held hostage by the hedge fund short sellers as they continue preying on investors,” he said. “They can evaporate any of the publicly traded companies in short order. They demonstrated that capability in the flash crash’ of May 6, 2010, when they drove down the stock price of Accenture (ticker symbol CAN) from $44 per share to one cent per share in a 15-minute time period.”
The SEC is supposed to be an independent regulatory body to protect the integrity of the market but it is under the control of the Managed Funds Association. “They have rigged and primed the market for manipulation,” Diamond said.
In the past, ordinary Americans could analyze the market and individuals companies and invest accordingly. Today, the situation is different.
”Without the short sale restriction regulation, the fundamental attributes of the companies are rendered useless,” he said. “The effective use of technical analysis has been nullified. When it does seem to work, it can be used by the hedge fund short sellers to manipulate the market as they set traps for investors at each fulcrum, resistance or support levels.”
He explained, “You have a market that is very difficult to trade or invest in. This is a market that can do anything, reverse, go up or down, or reverse again with increased volatility as the manipulators are on a search mission, preying on small investors, searching for investment capital to steal.”
Diamond compared the stock market to a Las Vegas casino, where the house always wins. The MFA is the house in today’s market. “They own the stock market and the stock market police - the SEC. Everything is stacked against the small investors. They operate with impunity.”
Diamond said the hedge fund short sellers use various techniques to accomplish their insidious goals. These include “dark pools,” in which their transactions are concealed from the public; flash orders; front running; insider trading; and collusion.
He explained, “They raid companies at will, shorting stocks fearlessly without an uptick, colluding to determine the direction of the market. They trade fearlessly without risk, and they transferred all the fear, and risk of investment losses and capital losses to the small investors, regular investors, retirement portfolios and mutual fund
As if the situation wasn’t bad enough, the so-called financial reform bill which Diamond warned against but passed the Congress exempts the SEC from the Freedom of Information Act.
“The documents that I was available to see to help me write the book Wizards of Wall Street will no longer be made available to the public or journalists. The SEC will now only will release documents to the Congress and the courts. The MFA made sure that its lap dogs at the SEC are shielded from scrutiny and criticism as they cooperate with the agents of George Soros in destroying America and capitalism.”
Source:
http://www.usasurvival.org/ck08.25.10.html
II. Soros Loses Bid to Overturn 2002 Insider Trading Conviction By European Court of Human Rights!
Smoking Gun or Not?
Posted on FoxNews.com-On October 7, 2011:
“George Soros, the billionaire financier and liberal activist, was dealt a legal blow this week when the European Court of Human Rights refused to overturn his nine-year-old criminal conviction for insider trading.
A French court convicted Soros in 2002 for insider trading in the late 1980s, but the Hungary-born investor appealed, arguing that the French law on insider trading at the time was too ambiguous to find him guilty.
But the European court ruled Thursday in a 4-3 decision that the French rules were clear enough to convict him.
Soros’s lawyer, Ron Soffer, told the Wall Street Journal that his client would appeal the decision.
“There are some serious questions that still need to be answered,” Soffer told the newspaper.
The conviction is based on a 1988 investment Soros made in French bank Societe Generale. A French court found that Soros sold his shares for $2.9 million in profits after receiving insider knowledge about a plan hatched by a group of wealthy French businessman known as the “golden granddads” to force a takeover of the bank.
The takeover failed but resulted in a higher share price for Societe Generale. French prosecutors launched an investigation in 1990 that ultimately led to Soros’s conviction 12 years later and a $2.9 million fine that was reduced on appeal.
Soros’s legal team has argued that even France’s former market regulator found the country’s insider trading laws too vague.
But on Thursday, the European court said in a statement that while the French law wasn’t precise, Soros was a sophisticated investor and “could not have been unaware that his decision to invest in shares in [Societe Generale] entailed the risk that he might be committing the offense of insider trading,” the Wall Street Journal reported.
Soros’s last chance to clear his name rests on an appeal to the Grand Chamber of the European Court of Human Rights.”
Source:
III. Meet the Obama link to Wall Street terror: ‘Radical's plan involves strategy to collapse stock market!’-Posted on WND.com-By Aaron Klein-On October 6, 2011:
http://www.wnd.com/index.php?fa=PAGE.view&pageId=352685
IV. Soros fingerprints all over protests here, too: ‘Sordid ties of architect who specializes in crisis’!-Posted on WND.com-By Aaron Klein-On September 8, 2011:
http://www.wnd.com/index.php?fa=PAGE.view&pageId=342905
V. Europe Stunned After Being Told “Obama Is Not In Charge”!-Posted by EU Times-On September 18, 2011:
http://www.eutimes.net/2011/09/europe-stunned-after-being-told-obama-is-not-in-charge/
VI. Why Did The Fed Use American Taxpayers Money To Bail Out Eurozone?-Posted on InvestmentWatch-On September 15, 2011:
VII. Video: Trader on the BBC says Eurozone Market will crash!-Posted on YouTube.com-By nsotd4 on Sep 26, 2011:
https://www.youtube.com/watch?feature=player_embedded&v=aC19fEqR5bA
VIII. Is The Marxist Plan Obama’s Allies Put In Play Succeeding?-Posted on Declaration Alliance-By Alan Keyes-On June 2, 2011:
IX. Hedge Funds Spark World Revolution: Goal is the “United Socialist States of Europe!”-Posted on America’s Survival, Inc.-By Cliff Kincaid-On May 10, 2010:
http://www.usasurvival.org/ck05.11.10.html
X. Video: Stock market shenanigans, Greece and President Obama-Posted on VideoFoxNews.com-By Bill O’Reilly-On May 8, 2010:
http://video.foxnews.com/v/4184389/talking-points-57
XI. George Soros Handicapping American Energy-Posted on American Thinker-By Ed Lasky-On March 02, 2011:
http://www.americanthinker.com/2011/03/george_soros_handicapping_amer.htmlXII. An Examination Of Some Of Soros’ Socioeconomic Philosophies!-Posted on The Blaze-By Becket Adams-On October 6, 2011:
XIII. Dictatorship transformation almost complete!-Posted on The Roth Show-On May 26, 2011:
http://therothshow.com/2011/05/dictatorship-transformation-almost-c...
Note: My following blog posts contain numerous articles and/or blog posts and videos that relate to this disturbing issue-You Decide:
Who or What Was Behind the Financial Crisis?
http://weroinnm.wordpress.com/2010/03/06/who’s-behind-the-financial-crisis/
Who or what caused the economic crisis that propelled President Obama into office?
ACORN-The Community Reinvestment Act (CRA)-Automaker Labor Unions!
Manipulation Behind Market Plunge!
http://weroinnm.wordpress.com/2010/05/08/manipulation-behind-market-plunge/
The Wall Street Bailout Bill Threatens Our Bottom Line!
http://weroinnm.wordpress.com/2010/04/20/the-wall-street-bailout-bill-threatens-our-bottom-line/
Is George Soros deliberately handicapping American energy?
http://weroinnm.wordpress.com/2011/03/02/is-george-soros-deliberately-handicapping-american-energy/
Is President Obama inciting riots across the US?
http://weroinnm.wordpress.com/2011/02/23/is-president-obama-inciting-riots-across-the-us/
Powerful men who meet secretly to pkan on how to run our country!
New World Order By Executive Order!
http://weroinnm.wordpress.com/2011/02/13/new-world-order-by-executive-order/
Is the Fed’s concept of buying $600 billion of Treasuries just a smokescreen?
Is it important to understand the Marxist assault on the foundations of our system?
Note: If you have a problem viewing any of the listed blog posts please copy web site and paste it on your browser. Be aware that some of the articles and/or blog posts or videos listed within the contents of the above blog post(s) may have been removed by this administration because they may have considered them to be too controversial. Sure seems like any subject matter that may shed some negative light on this administration is being censored-What happened to free speech?-You Decide.
“Food For Thought”
God Bless the U.S.A.!
https://www.youtube.com/watch?v=Q65KZIqay4E&feature=related
Semper Fi!
Jake
VP Joe Biden said "The Tea Party was started because of TARP." Short answer: YOU BET, but you ain't seen nothing yet! Emails, faxes and petitions are working. We must keep the pressure on. Hoo Rah!
Smoking Gun?
Posted on WND.com-By Bob Unruh-On October 7, 2011:
“One member of Congress has started using the word “accessory” in talking about members of the Obama administration who had their fingers on the pulse of the Operation Gunrunner Fast and Furious stunt under which the Bureau of Alcohol, Tobacco, Firearms and Explosives ordered gun dealers to sell weapons to unqualified buyers, who then dumped them into the Mexican drug cartel civil war.
And that may include Attorney General Eric Holder.
After all, despite his sworn assurance to Congress in a May appearance on the Hill that it was only within the “last few weeks” that he even heard of the project, a stack of memos reveals that if he paid attention to his office work, he knew about the situation a year earlier.
And now a video has been uncovered showing that a full two years earlier, one of Holder’s associates is on camera talking about the project and what the department was doing to intercept weapons trafficking along the Mexican border through Fast and Furious.
Could Holder possibly have not been listening to what his own aide was explaining to the American public?
Here’s the clip:
https://www.youtube.com/watch?v=-PNhYk9NuNc&feature=player_embedded
In May 2011, Holder told Congress, “I’m not sure of the exact date, but I probably heard about Fast and Furious for the first time over the last few weeks.”
But on the video, dated March 24, 2009, some 26 months earlier, David Ogden, deputy attorney general, was talking about Barack Obama’s orders to “fight” the Mexican drug cartels, using “Project Gunrunner.”
“Attorney General Holder and I are taking several new and aggressive steps as part of the administration’s comprehensive plan. Those steps include the following: DOJ’s Drug Enforcement Administration, which already has the largest U.S. drug enforcement presence in Mexico with 11 offices in that country, is placing 16 new DEA positions in southwest border field positions.., uh, field operations, specifically to target Mexican trafficking and associated violence,” he said.
“The DEA is also deploying four new mobile enforcement teams to specifically target Mexican methamphetamine trafficking both along the border and in U.S. cities impacted by the cartels,” he continued.
“DOJ’s bureau of Alcohol, Tobacco, Firearms and Explosives is increasing its efforts by adding 37 new employees and three new offices, using $10 million in Recovery Act funds and redeploying 100 personnel to the southwest border in the next 45 days to fortify its Project Gunrunner, which is aimed at disrupting arms trafficking between the United States and Mexico,” he said.
The question remains then, whether Holder was completely ignorant of programs that already were operating and with which his aide was fully familiar.
That’s part and parcel of what members of Congress now are demanding to know, with calls for a special investigator or prosecutor and a level of outrage that suggests nothing is going to “calm down,” as Acting ATF Director B. Todd Jones suggested for now.
In fact, Rep. Paul Gosar of Arizona’s First Congressional District says there’s no two ways about it: “We’re talking about consequences of criminal activity, where we actually allowed guns to walk into the hands of criminals, where our livelihoods are at risk. When you facilitate that and a murder or a felony occurs, you’re called an accessory. That means that there’s criminal activity.”
It was Rep. Darrell Issa who earlier, in the congressional hearing exchange with Holder, stated bluntly, “There are dead Americans as a result of this failed and reckless program. So I would say this hasn’t gotten enough attention, has it Mr. Attorney General?”
The outrage was over the death of U.S. Border Patrol Agent Brian Terry, killed in an attack near the border with Mexico at a site where some of the guns that were allowed by the federal government to be taken to the Mexican drug cartel civil war were found.
In an interview with WND/Radio America, Gosar said Holder and the Obama administration need to be “fully compliant” with congressional subpoenas and produce the information to determine “who authorized this.”
He said Americans have become “collateral damage” for the program of the Obama administration.
“We have no idea where these guns are going to show up,” he said. “They show up at crime scenes.”
Also today, it was revealed that Holder got at least five weekly memos a year ago about the Fast and Furious that he claimed to have been informed about only this year.
The memos were released by Sen. Chuck Grassley, R-Iowa, and Rep. Darrell Issa, R-Calif., who have been investigating the alleged criminal behavior.
“With the fairly detailed information that the attorney general read, it seems the logical question for the attorney general after reading in the memo would be ‘why haven’t we stopped them?’” said Grassley in a statement from his office.
Issa suggested that Holder failed to provide “an honest account” of what has happened.
Rep. Lamar Smith, R-Texas, is asking Obama to tell the DOJ to appoint a special counsel to get to the bottom of the problem.
The memos, redacted significantly, still reveal notes to Holder from Michael F. Walther through July and into August in 2010 where he talks about “Fast and Furious”: “This investigation, initiated in September 2009 in conjunction with the Drug Enforcement Administration, Immigration and Customs Enforcement, and the Phoenix police department, involves a Phoenix-based firearms trafficking ring headed by Manueal Celis-Acosta. Celis-Acosta and straw purchasers are responsible for the purchase of 1,500 firearms that were then supplied to Mexican drug trafficking cartels. They also have direct ties to the Sinaloa cartel which is suspected of providing $1 million for the purchase of firearms in the greater Phoenix area.”
Similar memos to Holder are dated July 12, July 19, July 26 and other dates.
Insiders already have estimated that hundreds of deaths might be attributable to the guns that the U.S. government let “walk” into the Mexican drug war.
Smith’s demand for a special counsel suggested further misbehavior on the part of Holder.
He told Obama, “Allegations that senior Justice Department officials may have intentionally misled members of Congress are extremely troubling and must be addressed by an independent and objective special counsel. I urge you to appoint a special counsel who will investigate these allegations as soon as possible.”
Pinal County, Ariz., Sheriff Paul Babeu recently told reporters he figures there were more than 300 casualties from Operation Fast and Furious, and he thinks charges are appropriate against officials who bear some responsibility.
The officials, he says, would include President Obama’s buddy, Holder.
Babeu released a video in which he says that with 300 casualties and more than 2,000 weapons on the loose, the operation must have been authorized from officials above the Bureau of Alcohol, Tobacco, Firearms and Explosives.
Sheriff’s spokesman Elias Johnson says the number 300 looks high, but its based on evidence.
“Those figures are directly from not only the Department of Justice but from various federal agencies such as the ATF, folks that have been involved directly with crime scenes,” Johnson said.
“Those were crime scenes where the serial numbers on the weapons match back to the numbers that were tracked by ATF. You can trace that ballistic back to the weapon that it was fired from,” Johnson said.
Johnson said that the deeper the investigation goes, “you find out that this involved members of our government that went well beyond the ATF.”
“Given the type of operation that was going on, this is not something that the ATF under good conscience could authorize on their own,” his said. “This had to have gone up to Eric Holder.”
Johnson said he and his colleaugues believe Holder was aware, “based on people we’ve talked to within the ATF that have been whistleblowers and acknowledged that this was totally wrong.”
“Not only was it reckless but dangerous—the proof in the crime scenes where we’ve found these weapons at,” he said.
The biggest example, he pointed out, was the murder of Terry with one of the weapons released in the operation.”
Source:
http://www.wnd.com/?pageId=352705
Note: The following articles and/or blog posts and videos relate to this disturbing issue-You Decide:
I. Holder 'Stonewalling' on Fast and Furious Probe Making Situation Worse, Grassley Says!
Posted on NewsMax.com-By Martin Gould and Ashley Martella-On October 6, 2011:
“The more Attorney General Eric Holder stonewalls investigators looking into the Fast and Furious gunrunning scandal, the worse it will get for him, top Republican Sen. Charles Grassley warned in an exclusive Newmax.TV interview.
“I always tell every agency… that I have been investigating, the longer you stonewall, when the truth comes out, the more egg you are going to have on your face,” the ranking member of the Senate Judiciary Committee said.
Grassley accused Holder of refusing to turn over documents that would show how much he knew about the project that allowed hundreds of assault weapons to fall into the hands of Mexican drug cartel leaders. He again urged him to cooperate fully.
“If he’s got any questions about what he meant to say or not say, cooperate with our investigation, give us all the documents that we ask for and let those documents speak for themselves,” Grassley said.
The Iowa senator was speaking as the whole Fast and Furious row threatened to blow up in Holder’s face, potentially becoming a major election issue next year for President Barack Obama, who gave his unequivocal backing to his attorney general minutes before the interview.
Under Fast and Furious, at least 1,400 assault weapons were allowed to cross the border into Mexico in the hope that they could be traced and would lead agents from the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) to the cartel bosses.
But most of the weapons soon disappeared and they have been linked to dozens of crimes south of the border, including the February murder of U.S. immigration officer Jaime Zapata who was working from the U.S. Embassy in Mexico City.
Some of the guns were also used in this country. Two were involved in the December murder of border agent Brian Terry in Arizona; 40 were found in a stash in El Paso, Texas in January; and now Republicans say at least 11 crimes have been committed on U.S. soil with Fast and Furious weapons.
Holder claimed in evidence to the House Judiciary Committee in May that he had only learned of the project “a few weeks ago.” But newly released emails show that Michael Walther, the director of the National Drug Intelligence Center told him about it in at least five weekly memos, starting on July 5 last year.
Already the scandal has cost the jobs of several ATF officers, including acting head Kenneth Melson, who was reassigned in August.
Grassley said he personally handed letters to Holder in January asking for details of the scheme and expected full cooperation. But when he did not receive it he was forced to turn to California Rep. Darrell Issa, chairman of the House Oversight Committee.
“I thought I would get full cooperation and I could take care of it myself, but when I got stonewalled, I went to Rep. Issa and said, ‘Could you help us?’
“He started digging into it and, boy, has he been a big help. He has subpoena power because he is in the majority in the House of Representatives and what I couldn’t get, he subpoenaed and has helped the process along.
“But we have not still had the full cooperation of the Justice Department.”
Grassley was diplomatic when it came to suggestions that Obama should appoint a special prosecutor to investigate Holder’s role in the scheme. He said he is not calling for such a move at this time, while also saying that if the president wanted to live up to his campaign promise of increased government transparency he would appoint one and that he would not discourage others such as Rep. Lamar Smith of Texas, the chairman of the House Judiciary Committee from making such a call.
“I am not sure at this point that I would ask for one but I am surely not going to discourage Chairman Smith for asking for one,” he said. “But I want to make it very clear, special prosecutor or not, I’m going to continue my investigation.”
Other GOP members have gone even further than Smith with both Rep. Blake Farenthold of Texas and Rep. Raul Labrador of Idaho calling on Holder to resign now.
“A lot of people tell you that there are a lot of reasons why Holder ought to be fired other than just Fast and Furious, but right now I’m going to limit my comments to having more certainty of personal involvement,” said Grassley. “The more we investigate the more we know that he knew about it or at least should have known about it.
“But I am after who OK’d this and then I would say, if it’s Eric Holder, then he ought to resign. But I am not going to say that Eric Holder ought to resign until I know who the person was that approved this.”
Grassley also said one of the main objectives of his investigation was to make sure a “stupid” project like Fast and Furious is never authorized again.”
Source:
II. CBS Reporter: More Revelations to Come on Holder!-Posted on NewsMax.com-By Newsmax Wires-October 6, 2011:
http://www.newsmax.com/InsideCover/attkisson-fast-furious-holder/2011/10/06/id/413601
III. CBS Reporter: White House Official ‘Screamed’ & ‘Cussed’ At Me For Coverage Of ‘Fast And Furious’!-Posted on The Blaze-By Jonathon M. Seidl-On October 4, 2011:
IV. White House Clarifies That Obama Disclosed Knowing About Operation Fast and Furious on CNN Espanol in March!-Posted on CNSNews.com-By Fred Lucas-On October 5, 2011:
V. Does Fast and Furious Put Impeachment on The Table?-Posted on The Patriot Post-By Ben Shapiro (Archive)-On September 28, 2011:
VI. Video: Eric Holder Commits Perjury By Lying to Darrell Issa!-Posted on YouTube.com-By TheZenoEffect-On Jul 10, 2011:
https://www.youtube.com/watch?NR=1&v=S7oyXFk4Loc
VII. Video: Obama Orders Launched Fast and Furious In 2009!-Posted on YouTube.com-By MidNightRider2001-On July 8, 2011:
https://www.youtube.com/watch?v=-PNhYk9NuNc&feature=player_embedded
VIII. Video: Justice Dept Continues Stonewalling Investigation of Project Gunrunner!-Posted on YouTube.com-By oversightandreform on May 5, 2011:
https://www.youtube.com/watch?v=pAJoEfeExtU
IX. Video: The UN Considers Gun Regulation Treaty!-Posted on ExposeObama.com-On October 2, 2011:
http://www.exposeobama.com/2011/10/02/video-the-un-considers-gun-regulation-treaty/
Note: My following blog posts contain numerous articles and/or blog posts and videos that relate to this disturbing issue-You Decide:
Did ATF provide weapons to Mexican drug cartels that were subsequently used to kill one of our own?
What is the true intent of the UN Small Arms Treaty?
http://weroinnm.wordpress.com/2010/01/12/what-is-the-true-intent-of-the-un-small-arms-treaty/
Is it important to understand the Marxist assault on the foundations of our system?
Note: If you have a problem viewing any of the listed blog posts please copy web site and paste it on your browser. Be aware that some of the articles and/or blog posts or videos listed within the contents of the above blog post(s) may have been removed by this administration because they may have considered them to be too controversial. Sure seems like any subject matter that may shed some negative light on this administration is being censored-What happened to free speech?-You Decide.
“Food For Thought”
God Bless the U.S.A.!
https://www.youtube.com/watch?v=Q65KZIqay4E&feature=related
Semper Fi!
Jake
It was the 80s at WJZ-TV an ABC affiliate television station in Baltimore, MD. I was a rare black graphic designer in the art dept. Oprah Winfrey was the co-host of the station's local morning talk show, “People Are Talking”.
“People Are Talking” associate producer Debbie DiMaio sent her “reel” to Chicago in response to a job opening. The folks in Chicago, saw Oprah on Debbie's reel, liked her and the rest is television history.
Little did I know my co-worker would eventually “Oprah-rize” America; making everything about feelings and self-esteem. Please do not get me wrong. I am not saying Oprah is solely responsible for feminizing our culture and banning score keeping at school sporting events for fear of injuring the losing team's self-esteem. Unquestionably, Oprah is a superstar on the liberal Socialist/Progressive team committed to furthering their “brain dead” all-about-feelings agenda.
My brother has been coaching little league football for over 25 years. He has noticed a disturbing shift in the attitudes of more and more kids. They think they are entitled; demanding maximum rewards for minimal effort.
Contributing greatly to America's new “gimme” mindset is President Obama, preaching his gospel of “spreading the wealth around”, confirming blacks victims of racial inequality, promoting entitlements and demonizing achievers.
And when did a belief and faith in God become a bad thing in America? God is so banned from the public square, any politician boldly proclaiming their faith is branded a religious zealot nut case by the liberal media. Meanwhile, the liberal media considers anything less than a celebration of sodomy to be ignorant and worthy of attack for bigotry. I preface my comment by saying I have homosexual family and friends whom I love dearly. But, I will not be bullied into proclaiming their behavior normal.
Founding father, John Adams said, “Our Constitution was made only for a moral and religious people”. And yet, the left seeks to ban all references to God from government.
Surfing the channels, I stumbled across a TV program titled, “Hip Hop's Most Shocking Moments”. It was unfortunate witnessing so many youths influenced by a culture which celebrates ignorance, crudeness and guys employing a duck waddling walk to keep their pants which are already below their butts from falling all the way down. The liberal media celebrates this behavior as authentic “blackness”. Conservative educated English speaking blacks are trashed for trying-to-act-white.
The liberal media and the left also appear to hate any suggestion of standards, character and honor. In their perverted thinking, unless you can walk-the-walk of Jesus Christ, you have no right to demand a standard of behavior from anyone. Thus, any Conservative Republican misstep is heralded by the left as punishment for daring to raise a standard in the first place.
Democrat sins are celebrated as resume enhancements; portraying them as flawed and “real” like the rest of us.
Brother and sister patriots, I believe it is crucial that we make an immediate u-turn from the direction our country is going; get back to standing up for standards, character and honor.
When selecting our presidential candidate, I believe the “C” word, (character) means everything! Presidents have an abundance of advisors and fact finders to educate/brief them on any issue. Only a president of character with faith in a power greater than him/herself will make decisions based on what is best for the American people rather than what is going to win the most votes. While this is not a formal endorsement, I believe Herman Cain is a man of character worthy of occupying the Oval Office.
Bottom line, we tea party patriots MUST take our country back; back from politicians who demonize achievers; back from politicians who promote entitlement to enslave as many voters to government as possible; back from bottom feeding parasites seeking freebies from Obama's stash; back from those who hate moral standards of any kind; back from those who hate our military; back from those who seek to divide us along racial lines for political gain; back from those who celebrate and sympathize with the terrorists who attacked us on 9/11.
And most of all, back from Obama who upon entering the White House toured the world apologizing for America's greatness and has vowed to “fundamentally transform” her. You sir, are unworthy of our extraordinary legacy. And with God's help, we will take our country back from YOU come November 2012.
Lloyd Marcus, Proud Unhyphenated American
Chairman of The Campaign to Defeat Barack Obama.
Please help me spread my message by joining my Liberty Network.
Lloyd is singer/songwriter of the American Tea Party Anthem and author of Confessions of a Black Conservative, foreword by Michele Malkin
LloydMarcus.com
What follows are articles and/or blog posts and videos that reveal just a few of the numerous examples of how this President and his administration lied to the American public about who and/or what caused the financial economic crisis that propelled the President into office and how they continue to reward those same agencies/organizations and/or individuals that caused the crisis with American taxpayer’s money-You Decide:
The Nature and the Origin of the Subprime Mortgage Crisis!
Posted by San José State University Department of Economics–By Thayer Watkins, applet-magic.com:
“There has been a long term American policy of promoting home ownership. This entailed making the financing of home purchases as easy as possible. Various financial institutions were set up over time to make the securing of a mortgage quick and convenient. There once were Savings and Loan Associations that were savings institutions which could only invest in home mortgages. Fannie Mae (the Federal Nation Mortgage Association FNMA) was set up in 1938 to provide a secondary market for home mortgages. This meant that if a bank granted a mortgage to someone and later the bank needed funds the bank could readily sell the mortgage to Fannie Mae. However, in order for lending institutions to have access to the secondary mortgage market of Fannie Mae they had to abide by Fannie Mae’s rules.
In the past Fannie Mae prohibited the lenders it was dealing with to engage in the practice of red lining. Red Liningmeant that a bank would refuse to finance a home purchase in neighborhoods it consider high risk even if the prospective borrowers were themselves good credit risks. In part, this was because the bank did not want, in the event of default and foreclosure, to become the owner of property in a risky neighborhood. The deeper roots of the problem go back to the Community Reinvestment Act of 1977.
In the 1990’s under the administration of Franklin Raines, a Clinton Administration appointee, Fannie Mae began to demand that the lending institutions that it dealt with prove that they were not redlining. This meant that the lending institutions would have to fulfill a quota of minority mortgage lending. This in turn meant that the lending agencies would have to lower their standards in terms of such things as down payments and the required incomes. These subprime borrowers would be charged a higher interest rate. Having put the lending agencies into the position of granting subprime mortgages Fannie Mae then had to accept lower standards in the mortgages it purchased. That set the ball rolling. If a bank granted a mortgage to a borrower that was not likely to successfully pay off the mortgage then all the bank had to do was to sell such mortgages to Fannie Mae. The banks typically earned a loan origination fee when the mortgage was granted. The lending agencies could then make substantial profits dealing in subprime mortgages.
Because Fannie Mae and Freddie Mac made a market for subprime mortgages the lenders did not have to worry about of the soundness of the mortgage contract they wrote. Thus the lenders could write the mortgages as adjustable interest rate mortgages knowing full well that an upturn in the interest rates could easily throw the borrower into insolvency. For example, when the interest rate is 6 percent the mortgage payment for a 30-year $200,000 mortgage is $1199 per month. If the interest rate goes up to 7 percent the mortgage payment would increase by $131 per month, an 11 percent increase. For many of the subprime borrowers living on the edge of insolvency this would be enough to push them over the edge. The guilt for the subprime mortgage financial crisis lies both with the lenders who knowingly put borrowers into booby trapped mortgages and the management of Fannie Mae and Freddie Mac for making a market for such booby trapped mortgages thus giving the lenders the incentive for writing them.
The subprime borrowers were charged a higher interest rate to compensate for the higher risks. Obviously the borrower that could not qualify for the mortgage at the lower rate was going to be more of a risk at the higher rate. It seems that everyone but the dimwits running Fannie Mae (into the ground) understood intuitively that a poor risk for a mortgage cannot be made a better risk by charging a higher interest rate. Here are some illustrations of the point.
The graph below shows the relationship between expected rate of return and risk, called the market line, that separates the good investments from the bad investments. The dot shows a subprime mortgage.
{…}
The dot being below the market line indicates that it given its risk and return it is not a good investment. No rational investor would invest in it. The next graph shows the attempt to make it a good investment by increasing the interest rate; i.e., to move the dot from point 0 to point 1. But the increase in the interest rate increases the risk of default, so the movement is from point 0 to point 2. Given the increase risk the dot is even farther below the market line and is an even worse investment than at point 0.
{…}
There is the experience of the junk bond market that collapsed once investors realized that the higher rate of interest on the junk bonds was not sufficient to compensate for their higher risk.
The presumption was that although there would be a higher default rate at the higher interest rates there would be some lenders large enough to pool these mortgages and even with their higher default rates make a higher rate of return. This was the logic behind junk bonds market created by Michael Milken at Drexel Burnham Lambert. In the case of the junk bonds the higher interest rates were not enough higher to compensate for their higher risk and the junk bond market collapsed. A similar sort of thing occurred with the subprime mortgages. Fannie Mae and Freddie Mac pooled the subprime mortgages and then created securities which were sold around the world. When the subprime borrowers defaulted on their mortgage payments that led to the real estate market being flooded with houses for sale. The subsequent decline in housing prices then led even prime borrowers to walk away from mortgages where the mortgage debt exceeded the market value of the property. Fannie Mae and Freddie Mac were inundated by default claims from the mortgage default insurance they had provided. When Fannie Mae and Freddie Mac were declared bankrupt by their managers there was an instantaneous loss in value for not only the subprime mortgages but also the prime mortgages. Fannie Mae and Freddie Mac had provided default insurance on approximately one half of all American home mortgages. Thus the bankruptcy of Fannie Mae and Freddie Mac could have led to the bankruptcy of any major holder of mortgages or securities based upon mortgages.
In 1968 Fannie Mae was turned into a private company in large part because Congress wanted to separate Fannie Mae from its own budget accounting. Fannie Mae up until that time had had a virtual monopoly in the secondary mortgage market. Having privatized Fannie Mae it was appropriate for the Federal Government to create competition in the secondary mortgage market. It did this in 1970 when it created the Federal Home Loan Mortgage Corporation (FHLMC). Since the FNMA had the euphonic nickname of Fannie Mae the FHLMC was given the catchy but illogical name of Freddie Mac. Freddie Mac was intended for expanding the secondary mortgage market.
Fannie Mae and Freddie Mac both not only purchased mortgages they also provided payment insurance, for a fee, for other mortgages. They also created pools of mortgages and issued securities based upon the revenue received. This procedure was called securitization and the securities created were called collateralized debt obligations, CDO’s. Such securities allowed investors to invest in the mortgage market by diversifying the risk. If such investors purchased a single mortgage there would have been too much risk concentrated in that single mortgage but if they, in effect, purchase one percent of a hundred such mortgage their risk would be diversified.
Not only did Fannie Mae, Freddie Mac and other institutions create diversification through securitization but they created securities that partitioned the risk. One security would have first claim to the mortgage payments, another second claim; i.e., that security would receive payments only after the first claim security’s obligations had been met. And so on down the line. The security last in line was the most risky and came to be known as toxic waste. Thus this partitioned securitization created some securities that were riskier than the original mortgages. It was difficult to ascertain what values the various securities should have.
The market could be relied upon to eventually establish appropriate values. But in the short run the market would punish buyers who paid too much for a security by imposing losses that would take those buyers out of the market. However if buyers erroneously believe that even in the short run the market prices are appropriate values then process of finding appropriate prices for the securities is delayed.
In the case of the graduated risk, mortgage-backed securities the market worked perversely in the short run. The prices established for those securities made it seem that a profit could be made by buying mortgages and using them to create mortgaged-backed securities. Thus a demand was created for mortgages, even subprime mortgages. Not only did it seem that a profit could be made in securitization of even subprime mortgages, profits were being made. Securitizers like Fannie Mae and Freddie Mac were being drawn into the process from the apparent profitability of the process, thus justifying their creation of a market for subprime mortgages. It was as though the U.S. Treasury started buying pyrite (fool’s gold) as well as real gold. The fact that the Treasury was buying pyrite resulted in private companies also buying pyrite and thus the price of pyrite would increase. The Treasury then seeing the value of its stocks of pyrite increasing would then believe that the original decision to buy pyrite was justified and thus buy more.
In the case of the subprime borrowers they were charged higher interest rates and were required to pay for default insurance. This higher burden increased the risk of default. The subprime mortgages became bad investments and no amount of securitization would alter this aspect. But the process of producing graduated risk securities backed by the subprime mortgages disguised the fact that they were bad investments. The perceived status of Fannie Mae and Freddie Mac as quasi-governmental institutions enabled them to sell their toxic product world-wide.
Although some people erroneous attribute the financial crisis to this mortgage default insurance and/or to securitization, these practices are perfectly legitimate and appropriate for financial markets. The problem arose because Fanny Mae and Freddie Mac were the key institutions in providing mortgage default insurance and in buying subprime mortgages. There were abuses of the derivative instruments that should have been punished by the market but were not because the perpetrators were ultimately bailed out.
The primary abuse was that banks bought credit default swaps (CDS) from parties who could not possibly make good on their agreements. The banks wanted such insurance to remove the risk associated with the mortgages and mortgage-backed securities which they had purchased. Removing the risk allowed the banks to invest more deeply in such securities. The sellers of such insurance did so because they received a premium now for a future obligation. It was rational although fraudulent for those sellers of CDS’s to do so even though they could not make good on the future obligations. It was up to the banks to ascertain whether they were transferring the default risk to another party or simply changing their default risk into counter-party risk. If the CDS’s had been legally insurance then the state and federal insurance regulators would have had a say in their regulation, but the CDS contracts were written in such a way that they did not technically qualify as an insurance contract. The CDS contracts might also have come under the regulation of the Commodity Futures Trading Commission (CFTC) of the Federal Government, but there was an act of Congress passed and signed into law in the year 2000 by William Clinton which specifically excluded CDS’s from regulation by the CFTC.
It was in the late 1990’s, as shown below, under the urging of the Clinton Administration that Fannie Mae and Freddie Mac began to operate as social welfare agencies instead of financial institutions. The insurance premiums on subprime mortgages were too low for the risks involved. No rational buyer would have purchased those subprime mortgages except at a drastic discount; Fanny Mae and Freddie Mac did purchase them. No amount of securitization could alleviate the fact that the subprime mortgages were not good investments. The practice of securitization and the credibility of Fanny Mae allowed the bad investments of the U.S. subprime mortgages to be spread throughout the world.
There was also a flawed view of the nature of risk in the mortgage market involved in the crisis. Securitization was based upon the notion that the risks of default for the different mortgages were independent. When housing prices fall there are some borrowers who find the market value of their property is less than the amount of debt outstanding and they decide to walk away from their debt obligations. No amount of diversification will reduce this risk. The default, foreclosure and resale of the properties then feed back into the mortgage market further increasing the risk. SeeMarket Risk for more on this topic.
An article by Steven A. Holmes from the September 30, 1999 edition of the New York Times describes how the process began that culminated in the financial crisis of September 2008. The article reveals how much wishful thinking there was on the part of government officials that financial institutions could be run like social welfare agencies and how they were forewarned of their folly yet they went ahead and did it.
Fannie Mae Eases Credit To Aid Mortgage Lending:
“In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets—including the New York metropolitan region—will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates—anywhere from three to four percentage points higher than conventional loans.”
The September 1999 New York Times article continues:
“Fannie Mae has expanded home ownership for millions of families in the 1990’s by reducing down payment requirements,” said Franklin D. Raines, Fannie Mae’s chairman and chief executive officer. “Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.”
That is the end of the quotation in the article of Franklin Raines comments. Steven Holmes’ article continues:
“Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.
In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980’s.”
The Savings and Loan Associations were part of what was known as the thrift industry, which included credit unions as well as savings and loan associations. The New York Times article makes reference to the collapse of the thrift industry in the 1980’s.
“From the perspective of many people, including me, this is another thrift industry growing up around us,” said Peter Wallison a resident fellow at the American Enterprise Institute. “If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.”
The article then goes on to give some of the details of mortgage industry’s operation.
“Under Fannie Mae’s pilot program, consumers who qualify can secure a mortgage with an interest rate one percentage point above that of a conventional, 30-year fixed rate mortgage of less than $240,000 -- a rate that currently averages about 7.76 per cent. If the borrower makes his or her monthly payments on time for two years, the one percentage point premium is dropped.
Fannie Mae, the nation’s biggest underwriter of home mortgages, does not lend money directly to consumers. Instead, it purchases loans that banks make on what is called the secondary market. By expanding the type of loans that it will buy, Fannie Mae is hoping to spur banks to make more loans to people with less-than-stellar credit ratings.
Fannie Mae officials stress that the new mortgages will be extended to all potential borrowers who can qualify for a mortgage. But they add that the move is intended in part to increase the number of minority and low income home owners who tend to have worse credit ratings than non-Hispanic whites.”
The 1999 article goes on to give some of the statistics of the performance of Fannie Mae program to extend mortgage lending to minorities.
“Home ownership has, in fact, exploded among minorities during the economic boom of the 1990’s. The number of mortgages extended to Hispanic applicants jumped by 87.2 per cent from 1993 to 1998, according to Harvard University’s Joint Center for Housing Studies. During that same period the number of African Americans who got mortgages to buy a home increased by 71.9 per cent and the number of Asian Americans by 46.3 per cent.
In contrast, the number of non-Hispanic whites who received loans for homes increased by 31.2 per cent.
Despite these gains, home ownership rates for minorities continue to lag behind non-Hispanic whites, in part because blacks and Hispanics in particular tend to have on average worse credit ratings.
In July, the Department of Housing and Urban Development proposed that by the year 2001, 50 percent of Fannie Mae’s and Freddie Mac’s portfolio be made up of loans to low and moderate-income borrowers. Last year, 44 percent of the loans Fannie Mae purchased were from these groups.
The change in policy also comes at the same time that HUD is investigating allegations of racial discrimination in the automated underwriting systems used by Fannie Mae and Freddie Mac to determine the credit-worthiness of credit applicants.”
The Accounting Scandal at Fannie Mae:
In May of 2006 the Office of Federal Housing Enterprise Oversight (OFHEO) issued the report on its three year investigation of the Federal National Mortgage Association (Fannie Mae). The acting director of OFHEO, James B. Lockhart, said:
“Our examination found an environment where the ends justified the means. Senior management manipulated accounting, reaped maximum, undeserved bonuses, and prevented the rest of the world from knowing.”
The reported charged that the reported earnings from 1998 to mid-2004 were bogus values generated by erroneous accounting practices. These fraudulent earnings then were used to justify enormous bonuses for the senior management. The extent of the fraudulent accounting profits was a mind-boggling $11 billion. The sizes of the undeserved bonuses were not just millions of dollars, or even tens of millions of dollars. Instead they were hundreds of millions of dollars.
The report said:
“The conduct of Mr. Raines, CFO Timothy Howard and other members of the inner circle of senior executives at Fannie Mae was inconsistent with the values of responsibility, accountability, and integrity. […] Those individuals engaged in improper earnings management in order to generate unjustified levels of compensation for themselves and other executives.”
The manipulations not only involved raising the level of reported earnings but also reducing the variability of earnings to give the impression to the public that Fannie Mae’s business operations were less risky than they actually were.
As a result of the findings Fannie Mae was fined $400 million. The major portion of this fine, $350 million, was levied by the Security and Exchange Commission to compensate the people who bought stock in Fannie Mae on the basis of these false accounts.
Fannie Mae was enjoined to limit its holdings and insurance of mortgages at $727 billion and meanwhile correct its accounting procedures and risk management practices. The chief executive of Fannie Mae, Franklin Raines, and its chief financial officer, J. Timothy Howard, were allowed to resign from the organization. The report suggested that Fannie Mae consider retroactively firing Raines and Howard. This would deny them retirement benefits.
Freddie Mac had undergone a similar probe concerning improper accounting procedures before the investigation of Fannie Mae.
After about ten years of the operation of Fannie Mae and Freddie Mac under social objectives, including making top management rich, rather than financial probity the enormous institutions were nearing collapse in 2007. Below are shown the financial statistics for both Fannie Mae and Freddie Mac.
{…}
These were the statistics for 2007. The statistics for 2008 are not yet available, but the financial conditions obviously worsened.
Summary:
The subprime mortgage crisis had its origin in the program the directors of Fannie Mae initiated in the late 1990’s to pursue social welfare goals rather than maintain financial viability. Lenders were strongly encouraged to reduce the requirements for mortgage below what had been found to be the minimum adequate levels. Having pushed the lenders into the subprime mortgage market Fannie Mae made the financially infeasible feasible by being willing to buy such subprime mortgage and to grant default insurance on such mortgages. When Fannie Mae effectively went bankrupt the lenders who had written such subprime mortgages found that there was no longer a market for them and thus they were stuck with them. Also those lenders who had obtained default insurance now find that insurance is useless if Fannie Mae cannot pay off on the defaulted mortgages. The lenders should have been aware that there is a risk with any insurance company that it might not be willing and able to pay off on claims. The supposed guarantee of Fannie Mae obligations by the Federal Government removed any concern of businesses with the risk of counter-party default. It is unwise to encourage such behavior.
On May 6, 2009 the Center for Public Integrity published a study entitled Who’s Behind the Financial Meltdown. The six member team of journalists preparing the study surveyed government data on millions of subprime mortgages issued between 2005 and 2007. Some of their major findings were:
- Nine of the top 10 lenders were based in California, including all of the top five: Countrywide Financial Corp., Ameriquest Mortgage Co., New Century Financial Corp., First Franklin Corp., and Long Beach Mortgage Co.
- Altogether 56 percent of the $1.38 trillion of subprime mortgages in the study period were written by California firms.
- Some lenders allowed borrowers to state their incomes without providing documentation.
There are plenty of parties to blame for the subprime mortgage crisis, but a large share of that blame rests with Franklin Raines, Timothy Howard and the other members of the inner circle of Fannie Mae. The lenders would not have written the flawed mortgages with their bobby-trapped conditions if they could not have counted on selling them to Fannie Mae or getting default insurance from such sources. And finally scuttling Fannie Mae in September of 2008 before it was technically bankrupt produced a shocked surprise for the stock market that produced the panic selling and the collapse of stock prices.”
Source:
http://www.sjsu.edu/faculty/watkins/subprime.htm
Fannie, ACORN, Obama, and the Financial Crisis!-Posted on National Review Online- By Stanley Kurtz-On June 17, 2011:
http://www.nationalreview.com/corner/269895/fannie-acorn-obama-and-financial-crisis-stanley-kurtz
Fannie, Freddie, Ginnie and Their Pimps!-Posted on American Thinker-By Jack Curtis-On April 9, 2011:
http://www.americanthinker.com/2011/04/fannie_freddie_ginnie_and_thei.html
Bosses at bailed-out Fannie, Freddie were paid millions-Posted on The York Times-By GRETCHEN MORGENSON-On April 1, 2011:
http://www.msnbc.msn.com/id/42371364/ns/business-us_business/
The True Story of the Financial Crisis!-Posted on The American Spectator-By Peter J. Wallison-May 2011 issue:
http://spectator.org/archives/2011/05/13/the-true-story-of-the-financia
Was the Economic Crisis Manufactured?-Posted on American Thinker-By Nancy Morgan-On March 5, 2011:
http://www.americanthinker.com/2011/03/was_the_economic_crisis_manufa.html
How banks were bullied into making bad loans: ‘'Community activists' used pressure tactics to secure high-risk mortgages!’-Posted on WND.com-On April 5, 2009:
http://www.wnd.com/index.php?fa=PAGE.view&pageId=94031
Planting Seeds of Disaster: ‘ACORN, Barack Obama, and the Democratic party!’-Posted on National Review Online-On October 7, 2008:
http://www.nationalreview.com/articles/225898/planting-seeds-disaster/stanley-kurtz
Video: ACORN caused mortgage crisis and bailout!-Posted On September 29, 2008:
https://www.youtube.com/watch?v=9p4inuSaO9M&feature=related
Note: These articles and/or blog posts and videos reveal that former President Bush and Senator McCain attempted to rein in Fannie Mae and Freddie Mac, along with Barney Frank’s conflict of interest in this matter-You Decide:
Bush Proposed Fannie Mae / Freddie Mac Supervision In 2003!-Posted on Bucks Rights-On September 16, 2008:
http://www.bucksright.com/bush-proposed-fannie-mae-freddie-mac-supervision-in-2003-1141
McCain’s attempt to fix Fannie Mae, Freddie Mac in 2005!-Posted on Hot Air-On September 17, 2008:
http://hotair.com/archives/2008/09/17/mccains-attempt-to-fix-fannie-mae-freddie-mac-in-2005/
Media Mum on Barney Frank’s Fannie Mae Love Connection: ‘Democratic House Financial Services Committee Chair promoted GSEs while former ‘spouse’ was Fannie Mae executive!’-Posted on Business & Media Institute-By Jeff Poor-On September 24, 2008:
http://www.businessandmedia.org/printer/2008/20080924145932.aspx
Lawmaker Accused of Fannie Mae Conflict of Interest!-Posted on FoxNews.com-By Bill Sammon-On October 3, 2008:
http://www.foxnews.com/story/0,2933,432501,00.html
Video: O ‘Reilly – Barney Frank Had Affair with Fannie Mae Exec!-Posted on Live Leak-On October 7, 2008:
http://www.liveleak.com/view?i=f5b_1223348928
Do Facts Matter?-Posted on Real Clear Politics-By Thomas Sowell-On October 4, 2008:
http://www.realclearpolitics.com/articles/2008/10/do_facts_matter.html
Note: My following articles and/or blog posts reveal that this President, his administration and minions, some who may very well be the same ones that had a hand in causing the financial economic crisis that propelled this President into office, as documented above, now seem to have a hand in the “Day of Rage”, which we are currently witnessing on Wall Street and other financial institutions around the country, as a means of getting him re-elected.
This administration continues to have us believe that it was the Bush Administration that created our financial economic crisis, but was it or was it "banking terrorist" tactics that were applied by ACORN’s members who were trained by our President to use Alinky’s Rules to bully banks into making bad loans using the tools provided them under the federal Community Reinvestment Act of 1977, which likely contributed to the "mortgage meltdown" that ultimately triggered the worst economic crisis since the Great Depression and ultimately propelled him into office-You Decide:
Obama Praises Wall Street Protesters, Calls TEA Party Extreme!-Posted Before It’s News-On October 6, 2011:
http://beforeitsnews.com/story/1194/681/Obama_On_Occupiers_vs._Tea_Party.html
Top New York Lawmakers Get Chilling “Time To Kill The Wealthy” Email Screeds!-Posted on The New York Daily News-By CELESTE KATZ-On October 6, 2011:
Meet the Obama link to Wall Street terror: ‘Radical's plan involves strategy to collapse stock market!’-Posted on WND.com-By Aaron Klein-On October 6, 2011:
http://www.wnd.com/index.php?fa=PAGE.view&pageId=352685
Melee Breaks Out Between Wall Street Protestors And NYPD!-Posted on The Blaze-By Becket Adams-On October 6, 2011:
http://www.theblaze.com/stories/melee-breaks-out-between-wall-street-protesters-and-nypd/
Van Jones on America's Uprising: It's Going to Be an Epic Battle!-Posted on Truthout-By Adele M. Stan and Don Hazen, AlterNet | News Analysis-On October 5, 2011:
http://www.truth-out.org/van-jones-americas-uprising-its-going-be-epic-battle/1317822661
Herman Cain Slams Wall Street Protestors: ‘If You Don’t Have A Job & You’re Not Rich, Blame Yourself!’-Posted on The Blaze-By Billy Hallowell-On October 5, 2011:
Protesters invade NYC Financial District: ‘Demonstrators invoke Mideast rallies, call for end to corporate greed favoring rich!’-Posted on MSNBC.com-By msnbc.com staff and news service reports-Updated on September 19, 2011:
http://www.msnbc.msn.com/id/44564317/ns/us_news-life/#.ToSKLmA4jHw
Radical Rage: Marxist Mob Plans to Occupy Wall Street!-Posted on FrontPageMagazine-By Matthew Vadum-On September 16, 2011:
http://frontpagemag.com/2011/09/16/radical-rage-marxist-mob-plans-to-occupy-wall-street/
“Day of Rage” Obama re-election team in disguise?-Posted on Canada Free Press-By Judi McLeod-On September 16, 2011:
http://www.canadafreepress.com/index.php/article/40397
Union violence of little interest to media!-Posted on American Thinker-By K.E. Campbell-On September 9, 2011:
http://www.americanthinker.com/blog/2011/09/union_violence_of_little_interest_to_media.html
Obama Mum on Details From Secret AFL-CIO Meeting!-Posted on The Daily Caller-By Matthew Boyle, The Daily Caller-On August 3, 2011:
Soros fingerprints all over protests here, too: ‘Sordid ties of architect who specializes in crisis’!-Posted on WND.com-By Aaron Klein-On September 8, 2011:
http://www.wnd.com/index.php?fa=PAGE.view&pageId=342905
Note: The following articles and/or blog posts and videos relate to this disturbing issue-You Decide:
I. The Next Solyndra?-Posted on National Review Online-By Andrew Stiles-On October 3, 2011:
http://www.nationalreview.com/corner/278975/next-solyndra-andrew-stiles
II. Top Obama Fundraiser Ok’ed Solyndra Loan!-Posted on DickMorris.com-By Dick Morris-On October 2, 2011:
http://www.dickmorris.com/blog/top-obama-fundraiser-oked-solyndra-loan/
III. Obama Commerce pick awarded $1.37 billion in ‘stimulus funds’ for another risky solar plant!-Posted on WND.com-By Aaron Klein-On September 26, 2011:
http://www.wnd.com/?pageId=349101
IV. All the President’s High-Paid ‘Engagers’!-Posted on National Review Online-By Michelle Malkin-On July 6, 2011:
http://www.nationalreview.com/articles/271151/all-president-s-high-paid-engagers-michelle-malkin
V. Radical Obama Pal, Who Was Awarded $457,000 in Taxpayer Funds & Has Visited White House, Is Being Investigated For Ties to Terrorism!-Posted on The Gateway Pundit-By Jim Hoft-On June 15, 2011:
VI. Panel: Green jobs company endorsed by Obama and Biden squandered $535 million in stimulus money-Posted on The Daily Caller-By John Rossomando, The Daily Caller-On February 22, 2011:
VII. Shoring Up Chicago’s Community Bank-Posted on The American Spectator-By The Prowler-On May 17, 2010:
http://spectator.org/archives/2010/05/17/shoring-up-chicagos-community
VIII. Islamists on Welfare: Paid to Plot the West’s Demise: ‘Their parasitical behavior obliges governments, through taxpayers, to subsidize their adopted country’s own destruction.’-Posted on Pajamas Media-By Kathy Shaidle-On April 4, 2011:
http://pajamasmedia.com/blog/paid-to-plot-the-wests-demise/
IX. Muslims & Others Exempt from Health Care Mandate-Posted on ChangingWorldViews.blogspot.com-By Sharon Hughes-On April 6, 2010:
http://changingworldviews.blogspot.com/2010/04/muslims-others-exempt-from-health-care.html
X. Barack Obama: Losing $84 billion big success-Posted on The Washington Times-On March 31, 2011:
XI. ‘Green Energy’ Helps Bring GE Taxes to Zero-Posted on Big Government-By Dan Freeman-On March 26, 2011:
http://biggovernment.com/dfreeman/2011/03/26/green-energy-helps-bring-ge-taxes-to-zero/
XII. $5B Hollywood Handout Bankrupting Obamacare-Posted on NewsMax.com-By Chris Gonsalves-On March 24, 2011:
http://www.newsmax.com/InsideCover/health-care-law-unions/2011/03/24/id/390680?s=al
XIII. The Impact of Obamacare: Small Businesses Threatened-Posted on The Heritage Foundation-By Bethany Murphy-On March 22, 2011:
http://www.myheritage.org/news/the-impact-of-obamacare-small-businesses-threatened/
XIV. High Energy Prices Are Obama’s ‘Explicit Policy Goal,’ Inhofe Says-Posted on CNSNews.com-ByChristopher Neefus-On March 10, 2011:
http://www.cnsnews.com/news/article/high-energy-prices-are-obama-s-explicit
XV. Cleaning Fannie’s and Freddie’s Stables-Posted on The New American-By JOHN F. MCMANUS-On March 9, 2011:
XVI. U.S. To Give Arab-Based Renewable Energy Agency $5 Mil-Posted on Judicial Watch-On March 7, 2011:
http://www.judicialwatch.org/blog/2011/mar/u-s-give-arab-based-renewable-energy-agency-5-mil
XVII. Number of healthcare reform law waivers climbs above 1,000-Posted on The Hill-By Jason Millman-On March 6, 2011:
XVIII. Greenspan Says Government ‘Activism’ Hampering U.S. Recovery-Posted on Bloomberg-By Scott Lanman-On March 3, 2011:
XIX. George Soros Handicapping American Energy-Posted on American Thinker-By Ed Lasky-On March 2, 2011:
http://www.americanthinker.com/2011/03/george_soros_handicapping_amer.html
XX. Obama’s Economic Advisers: International Socialists, Union Thugs, NBC Execs, Soros Scholars, Subprime Lenders, Amnesty Shills, and Campaign Cronies-Posted on Floyd Reports-By Ben Johnson-On Posted on February 24, 2011:
XXI. The special interest driving federal spending? Big Labor-Posted on The Washington Examiner-By Examiner Editorial-On February 13, 2011:
XXII. U.S. Footing $100M Bill for U.N. Security Upgrade-Posted on FoxNews.com-By George Russell-On February 9, 2011:
http://www.foxnews.com/world/2011/02/09/footing-m-security-upgrade/?test=latestnews
XXIII. IRS Gives $33 Mil In Bogus Electric Car Credits-Posted on Judicial Watch-On February 4, 2011:
http://www.judicialwatch.org/blog/2011/feb/irs-gives-33-mil-bogus-electric-car-credits
XXIV. A Black Farmer Blows the Whistle on the Black Farmer Settlement-Posted on Big Government-By Jimmy Dismuke-On December 6, 2010:
XXV. Union Drops Health Coverage for Workers’ Children-Posted on The Wall Street Journal-By Yuliya Chernova-On November 20, 2010:
http://blogs.wsj.com/metropolis/2010/11/20/union-drops-health-coverage-for-workers-children/
XXVI. Behind Closed Doors, Unions Win, You Lose-Posted On The Heritage Foundation-On January 14, 2010:
XXVII. Congressman: Obama buying votes in Kenya: “Pumping $23 million into measure advancing abortion, Islamic law”-Posted on WND.com-By Jerome R. Corsi-On July 22, 2010:
http://www.wnd.com/?pageId=182261
XXVIII. Obama Administration pushing Sharia Law in Kenya-Posted on ExposeObama.com-On July 12, 2010:
XXVIX. Why is US funding Sen’s troops?-Posted on Guam PDN-By A. GAFFAR PEANG-METH-On July 21, 2010:
XXX. Obama Thanks His Friends: Government Spending and Union Support-Posted on American Institute for Economic Research-By RICHARD M. EBELING –On June 8, 2009:
XXXI. Obama Stimulus Package Really Socialism?-Posted on FoxNews.com-By Glenn Beck-On February 5, 2009:
http://www.foxnews.com/story/0,2933,483345,00.html
Note: My following blog posts contain numerous articles and/or blog posts and videos that relate to this disturbing issue-You Decide:
Who or what caused the economic crisis that propelled President Obama into office?
ACORN-The Community Reinvestment Act (CRA)-Automaker Labor Unions!
The Wall Street Bailout Bill Threatens Our Bottom Line!
http://weroinnm.wordpress.com/2010/04/20/the-wall-street-bailout-bill-threatens-our-bottom-line/
Is President Obama inciting riots across the US?
http://weroinnm.wordpress.com/2011/02/23/is-president-obama-inciting-riots-across-the-us/Supreme Court to Strike Down Obamacare!
http://weroinnm.wordpress.com/2010/03/27/supreme-court-to-strike-down-obamacare/
Behind Closed Doors, Unions Win, You Lose!
http://weroinnm.wordpress.com/2010/01/14/behind-closed-doors-unions-win-you-lose/
Is George Soros deliberately handicapping American energy?
http://weroinnm.wordpress.com/2011/03/02/is-george-soros-deliberately-handicapping-american-energy/
Obama using millions of US taxpayer dollars to buy votes in Kenya!
What do Obama, Tim Geithner, The Ford Foundation, Fannie Mae/Freddie Mac, China and Muslims have in common?
Progressives and Communists Are Out of the Closet Together!
http://weroinnm.wordpress.com/2010/10/05/progressives-and-communists-are-out-of-the-closet-together/What we haven’t been told about the President’s background!
http://weroinnm.wordpress.com/2010/05/03/what-we-haven’t-been-told-about-the-president’s-background/
Is it important to understand the Marxist assault on the foundations of our system?
Note: If you have a problem viewing any of the listed blog posts please copy web site and paste it on your browser. Be aware that some of the articles and/or blog posts or videos listed within the contents of the above blog post(s) may have been removed by this administration because they may have considered them to be too controversial. Sure seems like any subject matter that may shed some negative light on this administration is being censored-What happened to free speech?-You Decide.
“Food For Thought”
God Bless the U.S.A.!
https://www.youtube.com/watch?v=Q65KZIqay4E&feature=related
Semper Fi!
Jake
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