Obama’s Deception: Keep The Economic Crisis Going While Pushing Through A Radical Agenda

Back in the 70’s, 80’s and 90’s, William F. Buckley was considered to be the best political writer on the scene. Now that Buckley is gone and his own son has renounced whatever birthright he was entitled to, Charles Krauthammer has become the premier political pundit of the day.

Krauthammer has penned another awesome essay that is so simply stated and so heavy-hitting that it must be reprinted far and wide.

His latest column deals with Obama’s claims about the causes of the current financial crisis and the cures. I don’t think any other columnist has looked at the issue this way and certainly no left-leaning columnist would even think these things.

From Real Clear Politics;

“Our economy did not fall into decline overnight,” [Obama] averred. Indeed, it all began before the housing crisis. What did we do wrong? We are paying for past sins in three principal areas: energy, health care, and education — importing too much oil and not finding new sources of energy (as in the Arctic National Wildlife Refuge and the Outer Continental Shelf?), not reforming health care, and tolerating too many bad schools.

The “day of reckoning” has now arrived. And because “it is only by understanding how we arrived at this moment that we’ll be able to lift ourselves out of this predicament,” Obama has come to redeem us with his far-seeing program of universal, heavily nationalized health care; a cap-and-trade tax on energy; and a major federalization of education with universal access to college as the goal.

Obama seems to be blaming the economic crisis on the absence of three things: socialized health care, an economy crushing energy tax and a free college education for everyone.

But, Obama either doesn’t understand the true cause of the economic conditions we now live under or he is deliberately ignoring those causes.


At the very center of our economic near-depression is a credit bubble, a housing collapse and a systemic failure of the entire banking system. One can come up with a host of causes: Fannie Mae and Freddie Mac pushed by Washington (and greed) into improvident loans, corrupted bond-ratings agencies, insufficient regulation of new and exotic debt instruments, the easy money policy of Alan Greenspan’s Fed, irresponsible bankers pushing (and then unloading in packaged loan instruments) highly dubious mortgages, greedy house-flippers, deceitful homebuyers.

And here is the stroke of insightful genious that is Charles Krauthammer:

The list is long. But the list of causes of the collapse of the financial system does not include the absence of universal health care, let alone of computerized medical records. Nor the absence of an industry-killing cap-and-trade carbon levy. Nor the lack of college graduates. Indeed, one could perversely make the case that, if anything, the proliferation of overeducated, Gucci-wearing, smart-ass MBAs inventing ever more sophisticated and opaque mathematical models and debt instruments helped get us into this credit catastrophe in the first place.

And yet with our financial house on fire, Obama makes clear both in his speech and his budget that the essence of his presidency will be the transformation of health care, education and energy. Four months after winning the election, six weeks after his swearing in, Obama has yet to unveil a plan to deal with the banking crisis.

Exactly! Obama and his socialist cronies are more than willing to allow the banking crisis to continue so that they will always have a continuous excuse to enact more socialist policies that will allow the government to take more control of our lives. Obama has plans for socializing just about everything, but has absolutely no plan to resolve the economic problems that are most pressing to the American people.

Either Obama is completely clueless about the economy, or he knows it all too well and is deliberately using it to push through a radical agenda.

Wake up, America! If we let this go too far, we will be in the same dire straits as Europe and will have no way of getting out of it any time soon.

You can access the complete column on-line here:

Deception At Core Of Obama Plans
Charles Krauthammer
Real Clear Politics
March 6, 2009

One Response

  1. “The Obama Deception” (find it on Google Video) is a hard-hitting film that completely destroys the myth that Barack Obama is working for the best interests of the American people.

    In this film it is stated that the real source of the banking crisis was the derivatives bubble (naked short selling, etc) and NOT the sub-prime mortgages (as the media continues to tell us)…. can this be debunked? Answer: No, it can not because it happens to be true. Now ask yourself, “Why is it the news media is NOT telling the truth about the derivative mess… why are they falsely blaming the sub-prime market?” Are we to believe poor people with bad credit are to blame for this mess? Please!

    Here is what we don’t know. We don’t know how big this derivatives “black hole” is… I’ve read 1.5 quadrillion a few months ago, but yesterday I read it is now estimated to be in a range up to $225 quadrillion, no one really knows…Regardless of the number, it is more than the entire global economy. Stop and ponder that for a second. Now, compare this to all the bad mortgages in the country, that number is less than one trillion dollars… it doesn’t add up does it? The simple fact is we are being lied to about a great many things.

    According to the Federal Reserve Board, the money supply in the United States has almost tripled over the last 6 months, increasing by 271%. Sooner rather than later, the money shall have to come back into circulation, and to all intents and purposes we shall enter a period of hyper-inflation (i.e lots of money chasing a few goods). Very soon you can expect the price of everything to climb sky high, this is the “inflation tax” that Ron Paul warned us would result from the FED printing money out of thin air. If you want to learn the history of the Federal Reserve I suggest you read “The Creature From Jekyll Island” (1994) by G. Edward Griffin. The second chapter of that book says it all, “The Name of the Game: Bailout.”

    Our present position is unsustainable. The longer we delay fixing the banks, the faster the economy deleverages, the more credit dries up, the further the stock market falls, the higher the ultimate bank bailout price tag for the American taxpayer, and the more we risk falling into a financial black hole from which escape could take decades to climb out of…. was this done by design? That’s a damn good question.

    If you study history, as I have, this was all very predictable. In the movie you see Webster Griffin Tarpley speaking over and over…. back in 1999 he wrote a book called ‘Surviving the Cataclysm’ in which warns of the worst financial crisis in human history (see LINK above). His second chapter bares the title: “Derivative Madness.” In short, this man not only predicted the coming collapse 10 years in advance, but he also understood the true cause. If that is not enough evidence to bring you to a firm belief what this film says is true, then NOTHING will convince you.

    To those who reject a conspiratorial view of history I say, “Wake up! The New World Order is real.” It is a conspiracy against both God and man… and it has been the dream of the power elite dating back to May 1, 1776 when Adam Weishaupt formed the “Order of Perfectibilists.”

    If we are to retain any measure of liberty in the coming years, we must support the effort of free and independent States to reclaim their sovereignty under the 9th and 10th amendments to the Constitution. Failure to do so will lead to the so-called “Bubba Effect” and this once great nation will soon be in a state of unrest, revolution, and civil war. There is but one answer, end the FED and return to State sovereignty. In doing so “we the people” reclaim our Constitutional government and cut off the undue influence of the criminal banking OLIGARCHY and their totalitarian NWO.


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