Posts tagged ‘economic crisis’
The market keeps failing. Stocks keep dropping. Confidence is down. The bailouts, spending, stimulus, etc. that are supposed to be helping are having the exact opposite effect and things are getting worse.
But the question comes . . . Is this all being done on purpose? Is the economy being manipulated to in effect create a society even more dependent upon social programs and big government? I do not usually buy into conspiracy theory, but when there is logical reasoning behind them I think they should be at least looked into.
There is a strategy known as the Cloward-Piven Strategy that forces political change through orchestrated crisis. It was proposed in 1966 and named after Columbia University sociologists Richard Andrew Cloward and Frances Fox Piven, the “Cloward-Piven Strategy” seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse.
Cloward and Piven saw the welfare system as their first target done by capitalizing on the racial unrest of the 1960s. They hired George Wiley, who created the National Welfare Reform Organization (NWRO) to implement the strategy. Moreover, this kind of mass influence is cumulative because benefits are continuous. Once eligibility for basic food and rent grants is established, the drain on local resources persists indefinitely.
The huge expansion of welfare in New York City that came of the NWRO’s Cloward-Piven tactics sent the city into bankruptcy in 1975. Rudy Giuliani also credited Cloward-Piven with changing the cultural attitude toward welfare from that of a temporary expedient to a lifetime entitlement, an attitude which in-and-of-itself has caused perhaps the greatest damage of all. Cloward and Piven by name as being responsible for “an effort at economic sabotage.”
- 1. Register as many Democrat voters as possible, legal or otherwise and help them vote, multiple times if possible.
- 2. Overwhelm the system with fraudulent registrations using multiple entries of the same name, names of deceased, random names from the phone book, even contrived names.
- 3. Make the system difficult to police by lobbying for minimal identification standards.
There is also cause to wonder if this strategy also contributed to the current mortgage crisis as well. The mortgage crisis has some blame falling back as far as the Carter administration. It began with theCommunity Reinvestment Act(CRA), signed into law in 1977 by President Jimmy Carter. The CRA was Carter’s answer to a grassroots activist movement started in Chicago, and forced banks to make loans to low income, high risk customers.
Stan Leibowitz wrote in the New York Post: In the 1980s, groups such as the activists at ACORN began pushing charges of “redlining”-claims that banks discriminated against minorities in mortgage lending. In 1989, sympathetic members of Congress got the Home Mortgage Disclosure Act amended to force banks to collect racial data on mortgage applicants; this allowed various studies to be ginned up that seemed to validate the original accusation
Obama represented ACORN in the Buycks-Roberson v. Citibank Fed. Sav. Bank, 1994 suit against redlining. Most significant of all, ACORN was the driving force behind a 1995 regulatory revision pushed through by the Clinton Administration that greatly expanded the CRA and laid the groundwork for the Fannie Mae, Freddie Mac borne financial crisis we now confront.
New York Post article – A 1995 strengthening of the Community Reinvestment Act required banks to find ways to provide mortgages to their poorer communities. It also let community activists intervene at yearly bank reviews, shaking the banks down for large pots of money.
Ironically, an enthusiastic Fannie Mae Foundation report singled out one paragon of nondiscriminatory lending, which worked with community activists and followed “the most flexible underwriting criteria permitted.” That lender’s $1 billion commitment to low-income loans in 1992 had grown to $80 billion by 1999 and $600 billion by early 2003.
Kudos for knowing that you are not yet the president Senator Obama!
Obama sidestepped a question on whether he would attend a summit of world leaders the Bush administration has called for Nov. 15 to discuss the global economic crisis, saying he has ideas but doesn’t want to say much about them yet. “We have one president at a time,” he said. – AP article