Tuesday, September 30, 2008

A crisis by any other name...

This from James Simspon @ American Thinker...

It's a loooong read, but it is soooo worth it. I guarantee you won't see any of this on the evening news. Are all his stated facts and assumptions accurate? You be the judge.

Here's a key excerpt:
As a young attorney in the 1990s, Barack Obama represented ACORN in Washington in their successful efforts to expand Community Reinvestment Act (CRA) authority. In addition to making it easier for ACORN groups to force banks into making risky loans, this also paved the way for banks like Superior to package mortgages as investments, and for the Government Sponsored Enterprises Fannie Mae and Freddie Mac to underwrite them. These changes created the conditions that ultimately lead to the current financial crisis.

[snip]

Their strategy to create political, financial, and social chaos that would result in revolution blended Alinsky concepts with their more aggressive efforts at bringing about a change in U.S. government. To achieve their revolutionary change, Cloward and Piven sought to use a cadre of aggressive organizers assisted by friendly news media to force a re-distribution of the nation's wealth.
The piece introduces the theory that the current financial crisis we're facing has all been done intentionally in an effort to force the collapse of our capitalistic system, pushing us over the edge into socialism.

Take the time and read the entire article. It'll send shivers up your spine.

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