CNN's Crowley: Obama Team Wanted 'Horrific' Wall Street Headlines

Photo of Noel Sheppard.

Do you think the recent stock market collapse or troubles in the banking system are good news?

Well, according to CNN's Candy Crowley, the Obama campaign does.

On Monday's "Anderson Cooper 360," after CNN senior political analyst David Gergen said "what happened over the weekend with the economy and the bottom falling out of the financial markets...is the opportunity for Obama to seize the momentum back on his side," Crowley actually said, "[J]ust as foreclosures were showing up on B-17, or in the real estate section, along comes this horrific headline out of Wall Street...I mean, this is what they wanted."

I kid you not. The transcript of this disgraceful exchange follows (video embedded right, h/t Steve Malzberg):

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DAVID GERGEN, CNN SENIOR POLITICAL ANALYST: But what happened over the weekend with the economy and the bottom falling out of the financial markets -- and we have been saying for some time on this program this is the worst financial crisis since the Depression -- Alan Greenspan said on Sunday the worst economic situation he's seen -- it seems to me that there's a real turning point now, that that momentum on McCain's side is likely to fade. And there is the opportunity for Obama to seize the momentum back on his side. I don't know if he's going to do it or not. He is trying. McCain has an opportunity here as well. But there's no question right now that this -- this really dark economic situation is now going to be -- is going to really -- is going to, I think, blot out a lot of this question about who -- the backing-and-forthing and the advertising, and focus on the issues.

ANDERSON COOPER, HOST: Right.

GERGEN: And that's what -- that's what Obama has wanted to do. He's now got the opportunity.

I think, personally, he's got the critique down, but he still hasn't provided a message about what he would do, nor has he really surrounded himself, in the way he needs to, with the Bob Rubins and the Paul Volckers and the Larry Summers and Laura Tysons, and have them as a tight unit. I think he still has to do that.

COOPER: Candy, no doubt -- very quickly -- on the campaign trail, it obviously played a big role today. You anticipate, in the days ahead, issue number one, it's going to be front and center?

CANDY CROWLEY, CNN: Oh, absolutely.

I mean, listen, just as foreclosures were showing up on B-17, or in the real estate section, along comes this horrific headline out of Wall Street.

COOPER: Right.

CROWLEY: I mean, this is what they wanted. They believe, of course, that the economy is one of their strengths and that they can paint John McCain as George Bush.

Isn't that nice? The nation's banking system is collapsing, and members of CNN are not only discussing how it helps Obama, but are admitting that this is what his campaign wanted.

How disgraceful.

—Noel Sheppard is the Associate Editor of NewsBusters.


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Once again the Dems

Once again the Dems need/want/desire bad news....and this coming from miss crowly who is not an active member of the right wing conspiracy team

the dems being positive - it's an opportunity!

"it's an opportunity for Obama to regain the momentum!!"

(oops, did i say that outloud on national TV? oh well what the hell) 

Journalism is the opium of the liberals

What better way to institute

What better way to institute communism than to force an economic collapse? Afterall, the democrats had their tentacles ALL OVER this one. It is just too bad the media will not utter even a mention of that fact.

should have heard Mark Levin

should have heard Mark Levin last night going of on the freddie and fannie issues with the dems involved.

You are spot on as to where

You are spot on as to where alot of blame falls. The problem is it is difficult for anyone on the right to articulate it in a manner that the folks can understand. 

ain't that the truth. also,

ain't that the truth. also, some repubs have their hands dirty as well.

I was rather taken aback

Crowley actually sounded relatively objective.

I guess there is still hope.

The dems can only get elected by promising free money

They promise to take the money from the evil and undeserving rich and give it to the poor and oppressed minorities. That's their entire strategy in a nutshell. So of course, it helps to have an economic downturn or a nice jucy banking crisis to help sell this message. The MSM has been trying to talk down the economy for 5 years now. Well, it looks like some of the wall street gang have listened.

IMO any financial company that can't withstand 10% of it's ballance sheet becomming worthless without declaring bankruptcy shouldn't be around anyway. They took a gamble on buying and selling mortgage backed securities and derivatives and so should pay the price.

Obama yesterday actually equated what was happening with the Great Depression of the 1930's. That is beyond lunacy, it's actually very irresponsible and an obvious ploy to get people scared. The man proves over and over again that he has no morals.

 

The day that "politician" became a career choice is the day we started losing the Republic. Let's get it back! Alan Keyes '08.

Agreed

For Obama to equate yesterday's drop in the market to the Great Depression was not only irresponsible, it was down right reckless.  Greenspan's comments fall in this same category, IMO.  But that's another story.

I've got news for little Barry.  4% is not 25%.  Further, the market seems to be stablizing today, if a 4% drop is it as a correction, we're in great shape.

Obama's doing the same thing with this "crisis" as he's been doing with the War in Iraq.  He'd rather win his election and lose the War than vice versa.

I, for one, am sick and tired of this surrender monkey.  Every time he's on the tube, I start yelling....and promptly get told to "put your ears on"....which I do (music is much more soothing than Dumbo).  I'm to the point where I actually loathe the man...he makes me much angrier than Bill Clinton ever did, go figure.

Okay, I'll stop now. 

David Gregory, do you know which damn network you lie for? ~ Uncle Jimbo, @Blackfive

 

For a problem as big as the

For a problem as big as the banking disaster, his team is hoping that Americans want to call on Obama to fix it? O......kay. He's the last person I would depend on to fix anything this big.

I'll confess I don't understand too much about all this. Why would McCain's momentum fade because of the banking scandal? Was he somehow involved? Did he cause it? Was he supposed to prevent it? I'm serious, I'd really like to know.

Liberally Simple

Government can fix anything... and anything it can't fix just means that the government isn't big enough!

Duh!  I read it on dKos, (and the Kostards are NEVER wrong!)

 

obama can organize the

obama can organize the financial community! 

Journalism is the opium of the liberals

Suzy

The "liberals" want to blame President Bush and then connect John McCain with President Bush. Problem for them is it's not working. McCain is right about the "fundamentals" and most thinking Americans know it.

NEVER.NEVER trust a "liberal"

i am not a liberal,but the

i am not a liberal,but the financial markets ARE the fundamentals...without them on a sound footing,everything would be shaky..so unless the markets are sufficiently stabelized,that statement is incorrect.

the reason he would have

the reason he would have problems with this is that the industry,of which i have workrd for 39 yrs has been de regulated to the point of people running rampant..imangine leaving a kindergarten class in a candy store and telling them you are leaving and that they should not eat any candy..how likely is it they would ALL listen..in this industry,there is always enough shady characters to ruin it for everyone unless they are watched..and he is a champion of de regulation

Not surprising

Why would anyone find this surprising? This is the same crew that wants bad news from Iraq, i.e. the death of U.S. soldiers and/or increased violence. Of course they will view any bad economic news as good news for THEM.

It worked for the New Deal.

  Panic helped usher in the New Deal Socialism.

  Panic can help usher in the Hopey Changey Socialism.

  Of course, they want it.

Once again, Gergen to the rescue

I can't bear to watch Gergen anymore. He still wants to play the role of Washington establishment, and every time he opens his mouth, he confirms media assumptions.

Again, Greenspan did not say that we're close to a Great Depression. He said, basically, that this is a "perfect storm." He also said that it has to be handled right. He did not say, "jump out the window." Greenspan is saying, like any good investment counselor, be smart. Don't panic. And yet, the media is encouraging panic for crass political reasons. They don't hear what Greenspan is saying. 

As for the central point of the article, that the Democrats enjoy bad news simply because they can blame it on Republicans, that has been confirmed every day for the last seven-plus years.

Fixers

I suppose it is just politics to want bad things to be blamed on the other guy.

What I can't understand is how Obama is supposed to be the fixer in all of this? What has he ever done that even remotely has helped an economy anywhere?  This guy isn't running on his record, because he doesn't have one.  Are we supposed to be that stupid?

Oooops, the truth slips

Oooops, the truth slips out. Can't you just see Obama and his camp running around high-fiving each other when the bad news came?

Sarah Palin - Joe Lieberman - Hate Fest 2008

 

 

Making Fun of AGW http://giovanniworld.wordpress.com/  

Barry

Yeah--I can just hear Barry wooping it up and adding,"too bad we won in Iraq. A loss there would've sealed the deal for me"--- "Liberals" stink!

NEVER,NEVER trust a "liberal"

 

Haven't you heard...

Iraqi Foreign Minister Hoshyar Zebari in a column by Iranian-born analyst Amir Taheri in the New York Post, stated that Obama when he visited Iraq, met with Iraqi leaders in Baghdad to urge a delay in the withdrawal of American Forces. 

Taheri states Obama insisted it was in Iraq's best interest to avoid an agreement negotiated by the Bush administration in its "state of weakness and political confusion."  (source)

This is essentially a 180 degree difference than what Obama says publically.  The claim is that Obama wants to be able to take credit for ending the Iraq war if he takes the White House.

 What a scumbag.

"The moment you give up your principles and your values, the moment you laugh at those principles and those values, you are dead, your culture is dead, your civilization is dead. Period." - Oriana Fallaci

Pretty sad

To see a guy like Gergen, who's advised both Republican and Democrat Presidents since the Carter Administration, lose objectivity and cross over to the dark side. You'd think a guy with that type of bipartisan record could check his alliegences at the door and just share his wealth of experience... I've got no respect for the guy anymore.

Well, the failed executives

Well, the failed executives at Lehman, Merrill and AIG don't have to worry about future employment. They can sign on to the Obama campaign as economic advisors (see: Freddie and Fannie re: Jim Johnson, Franklin Raines, Jaime Gorelick).

McCain should stress that this financial meltdown is what happens when you let the Dems take over Congress. He should propose an economics debate between Romney and Gramm vs. Pelosi and Reid. In fact, he'll even let Rangel, Dodd and Rezko chime in with their thoughts about the housing market .

And also point that one of Obama's advisors solution to the financial turmoil: Raise the minimum wage.

same Jamie Gorelick that was

same Jamie Gorelick that was with Reno and built the wall higher between cia and feds

with all due respect,phil

with all due respect,phil gramm was behind repealing of the glass-steagall act which certainly contributed to the mess!

Typical

This is politics as usual for the Left. Anything that hurts, or is bad for, the country is good for their political gain. Even if they are the ones causing it. The cream on the top is if the catastrophe is caused in any way, extremely small or large, by the Right. And it's even better if the Left caused it and they can get over 50% of the country to think that the Right caused it. (Fannie & Freddie ring a bell?)

Obama's Freddie Mac Trio

The Obama Freddie Mac Trio

Franklin Raines

Jim Johnson

Hunter Biden

Malzberg

I urge all at NB to listen to Steve Malzberg. He gets the goods.  WOR 3 P. M. You can stream it . 

Does this change how people view the candidates?

Take our survey and help us find out...

http://sitemaker.umich.edu/jginges2

The Obama of Our Misfortune

Mr. Sheppard and Newsbuster's bloggers, the Obama and Biden people not only wanted this BUT REQUESTED IT by their financial backers to occur.

As of 9 11, this is the 3rd attack on America. The second was the housing collapse just like BCCI during the 80's was meant to topple Bush 41 from office and it did.
The Obama camp is complicit in this in requesting this attack.

I strongly ask Newsbusters, the right wing press on this site and the left wing press to read what is posted below as I explain it all so all can understand. This is criminal in this attack and liberals if they care about this nation had better understand that then ends do not justify the means to get Obama placed into office as many retirees are suffering from this Obama attack.

Thank you

http://lamecherry.bl...

The Obama of our Misfortune

I will not invest a great deal of time in explaining this phase 3 of the
economic 9 11 aimed at the United States of America, except to point
out the simple fact:

As John McCain and Sarah Palin were surging
in the polls on their character issues and policy, what should happen
but a deliberate hit on the staged derivatives market so everyone is
talking about the economy.
Who benefits from this? Barack Obama.

Who had speeches prepared blaming all of this on McCain and tying him to George Bush? Joe Biden.

I will be frank. The American oil economic interest cartel, excluding the
Rockefellers, went on an economic warfare against the European led
Rothschilds cartel with their grain Cargill monopoly this past summer
to deflate oil prices after all of them soaked up $1 trillion which was
printed to ward off a global depression after 9 11.
Fuel prices are dropping and food has leveled, which meant Mr. McCain was going to have a sound "economy" as not an issue.

The
cartel backing Obama changed all of that in a third economic hit on the
United States. The first being 9 11. The second being the housing
bubble and the hedge funds driving up the prices of oil and food.
There
are those who "think" they know what has been occurring printing a
great deal of nonsense over 9 11, but 9 11 was an economic attack for
profit and for collapse of US power which was meant to be supplanted by
the central European structure.

The short of it is that Barack
Obama caused the housing bubble to burst, the savings and loans to
collapse and now this derivatives scam, just like the same hits were
aimed at Bush 41 so William Clinton could be installed into office by
Mr. Obama's European and Chicago based backers.

This is economic
warfare and election tampering which is harming the 401K retirement
assets of numerous people. These people should be indicted.

It
behooves me to explain a number of situations in this as everyone now
is throwing gas on the fire and grinning about it. The first is John
McCain is correct in taking a calm approach. This 9 11 part 3 will
diminish some people's 401K's, will loose some jobs in these corrupt
trader rackets and will make big headlines to scare the uninformed, but
except for the scam of these nation rapists now having billions of
dollars poured into the accounts of debt they have created making the
American taxpayer foot the bill, this is not an economic issue for the
citizen not facing massive debt payments. (This means the Christian,
Patriot, American groups who listened and have been not existing in
credit card and mortgage debt by having had their bills paid and enough
set aside currency to get through this past year's economic attack.)

What
people have to understand there are more than one economy now. The
economy which normal people work in they have set budgets and have to
pay bills is what people know as their economy.
The Inflationary
Economy of the banking cartels is one which is fiction based upon fairy
pee to put it mildly or an economy and value which does not exist. They
print money backed by nothing but "assurances". They trade in
derivatives which is actually buying debt.

I want people to
understand that point so will repeat it. The economy which is before
them that is in trouble is engineered that way to buy nothing, get
suckers to gamble on it and then pull the rug out leaving the debt for
people duped into buying it while the cartel runs off with the cash.

I will use this example to show this fiction. You buy a home for
$100,000. The bank has $100,000 in debt which is an asset they are
making money from.
The person who sold you the home now has
$100,000. The bank which houses their money now has a $100,000 making
money off of it in interest.

Now even if the value of your home
went down to $70,000 and even if you default, the bank lender still has
$70,000 in assets in that home value. In addition, the lender has made
in house payments as this went on for at least 3 years a total of
$28,000 in interest.
So your lender just got a house for $2000 which
they are currently reselling for $70,000 after already making $28,ooo
on it in interest payments.

Is not that a nice profit? You bet it is.

In
the meantime in this inflationary bubble, the $100,000 you paid has
been making the people who sold you the home money and banks have been
loaning that too making money. Of course, the Rothschilds, Warburgs and
Rockefellers all get a cut out of the loaned money so one can see a
huge pile of cash has been made and is being made as the money did not
disappear, the houses did not disappear, but the only thing that is
disappearing is US dollars plugging holes on paper which means the
cartels are being paid double for their plunder.

This double dipping is what is going on now in the derivatives which were tanked to elect Barack Obama.
This is all a shell game in which the taxpayer is having their nation enslaved in debt.

The current situation though could be solved in 3 seconds by simply creating a new shell game which is as follows.
When
President Reagan had a cancer operation he stated, "I didn't have
cancer, but something in me had cancer so they cut it out."

All
that needs to be done in this is troubled lenders will be required to
quarantine the bad trading paper and leave the solvent company. Next,
that debt which the company will be required to pay off is now termed a
dividend investment.
This dividend will not be a loan subject to
interest payments by the company at high rates, but will be like
Lincoln's promissory notes paid off over time. The pay off is the
dividend to the investor. It is made attractive by making it tax free,
so all money a 401K investor risks will be paid back at a profit for
their retirement.
No new debt will be allowed nor speculation on
this dividend fund and in a few years it will all be depreciated out.
No taxpayer funds going into cartel funds and no traders screwing
around again buying an illusion which does not exist.
Illusion is
what created this money scam, so use illusion to fix it, but this time
back it by economic fact which every normal citizen has to deal with in
their bill payment lives.

At this point offering the solution
which will not cost the taxpayer any more billions, tosses this Obama
cash pig into indictment land where they should be and leaves John
McCain as basically the next President. There must be an economic plan
to return the United States to full financial sovereignty and it
follows.

For the record, it was this writer who stated and has
been posting that the policy of the United States should be to make
every working person a millionaire so they can care for their entire
life needs by being rewarded for their lifetime of work. This can be
easily accomplished.
John McCain came out with a like statement, so
people are listening just as much as CBS trotted out last week two
female scam profilers to smear Sarah Palin a this blog was exposing in
profile Sen. Obama as a liar.

This is how America becomes a
prosperous nation, with no one suffering, with plentiful wages and as a
strong economic power we fight our wars with in funds instead of
bullets.

There will be no more rebates. It is ridiculous to have
Americans who are producing, expecting government checks of their own
money making them welfare slaves. It does nothing for the economy but
produce Walmart type sales which only make capitalist robber barons
billions of dollars wealthier.
I did not take one of these checks
and it astounds me the millions of people who did, including Democrats
who did are the ones bashing George Bush now and offering up their own
coming "rebate".

First step, America needs a way to generate
jobs and money turn over in as many citizens hands as possible while
bringing real value to their property.
The answer is Congress takes
all that global warming nonsense funds being wasted, either seizes it
from colleges or mandates it goes into a general fund and the money is
granted to all homeowners in a $35,000 fund to build survival shelters
and to stock them.
This will include firearms and ammunition as it
is fully intended that America be an armed camp as the Second Amendment
intended. The best police force in a disaster or war is you and your
neighbor protecting each other.
No more hurricane victims displaced
and no more worrying about a nuclear attack. Make Americans secure and
not needing FEMA along with making it too expensive to attack America
as everyone survives and the survival shelters are the first step in
economic and national defense.

This massive building project
will create a 5 year bubble touching the entire manufacturing economy
of America which means almost every citizen and community will benefit
and continue to benefit as this money rolls over and over in the hands
of the many, instead of the liberal hands of a few colleges and Marxist
professors.

While this is occurring, President McCain implements
the mandate Eisenhower was utilizing in American foundations directing
them, but this time the government orders those billions to be invested
in the northern Mexican states to Americanize them.
This education,
government, hospital and industry area will be the buffer zone for
America prospering the United States and providing good jobs for
Mexicans to bring Mexico to it's place as a second world economy
instead of third world.
As this new Mexican Republic spreads to the
rest of Mexico, she then becomes a staging area for all of Latin
America to be sovereign, Americanized Latinos all joining a prosperous
trading group as individual states and not unionized.
The net result
will be no more of this horrid human traffic slave labor ruining the
United States and Mexicans returning to Mexico.

American
companies can pay American workers real wages and if Congress is so
bent on the short robbery of Mexican workers paying Social Security,
then the Americanized jobs in Mexico can be used to fund that system
for a decade.

Next, Gov. Palin has already started this Franklin
economics venture in energy independence in pumping American oil. This
keeping funds in the United States will be the largest plug in the
financial disaster of American printing presses turning out bad
currency to buy foreign oil so cartels make billions.
I want to address something in this which requires being examined.

The
reason the utilities want coal is it means all from mining operations,
railroads, to coal plants all make billions in a monopoly.
There are
complete and proven ways to generate vast amounts of electricity which
are completely safe, environmental friendly and completely self
contained.

How might you say that can be the case?

Have
you ever seen how original clocks worked? They were counter weight
clocks. The same situation can be created to spin an electrical
generator as spins the second hand on a clock.
It can be done with
"elevators" hooked to cables, with water as the weight, drained as the
container reaches the bottom and pumped back to the top to start the
process again perpetually.
Large pulleys moving slow transfer to smaller diameter pulleys which by size spin faster are how this entire engine works.

If
one does not like a water engine producing electricity, there is a
simple method of a reservoir tower like a big skyscraper filled with
water or a non freezing fluid. Just like a hydroelectric damn produces
water energy by gravity this giant ringed system on each level has
generators. Gravity drains the spent water from each level down and
"small" generators combine to produce millions of watts of free
electricity.
When the water reaches the bottom, high pressure pumps
running off of the electricity produced pump it back to the top tank in
a perpetual flow.

The only reason the two top water engines were
not built in DaVinci's time or Newtons is that they did not have the
ability to pump liquids quickly and efficiently.
I have spoken
privately with coal electric companies and they looked at this gravity
flow system, so for those pondering if it would work on a large scale,
the utilities have already researched it but it is not being put in
place as the coal and rail systems are not getting a cut.

Well
part 3 invention is, so you if don't like water, well do you like your
car? Inside your car like all vehicles now are electronic ignitions.
They take your 12 volt batter and they turn it to 60,000 volts all by
what was once simply opening and closing points. In the new systems,
there does not even have to be points to open and close as it is
digital.
All that is required is not a gas engine to great this
break in the electromagnetic field to amplify 12 volts to 60,000 is a
simply spinning electric motor. A sewing machine motor is all it would
require.
So 120 volts to create 120 billion, that probably is a good invention on known technology which works in your car daily.

Just
build a 30 story size electronic coil system, synchronize it and a
continuous power flow of millions to billions of watts of electricity
will be perpetually created all without one smoke stack or nuclear
power plant to cause problems.

Now I have been posting on these
electric producing systems for some time. They work in clocks, in hydro
electric plants and your cars. All they need is to be made larger in
power plant size, because people, that is all your local coal plant is
but a 1860 locomotive ramped up to giant size.

Of course in
this, America can then license this to all the Eurasians and make
billions of dollars and take the energy resource friction off the table
which will cause a world war.
I will note though that the last
system can be made into one very adept weapon, defensive shield and a
warp drive engine with the correct structures attached.

But no matter on that God inspired genius as the Republic now requires the final economic and security measure.

The
final measure in this as America creates as in the 1880's rail system,
a new national project of a fast rail center for the purpose of
combining rail, auto, airline and manufacturing industries for very
clean and well paying jobs for millions of people. That makes America
prosperous for a generation, but in that generation there needs to be
something to keep the Eurasians from even thinking about blowing up
America as they are in policy now.
The answer is using American
technology to deep sea mine all the raw materials the Eurasians are
hungering for. This type of robotic offshore mining will affect literal
dead areas of the ocean and not affect our lands. It will also create a
fund to assist in Teddy Roosevelt helping our oceans heal instead of
being waste dumps.

The project is once again simple. American
industry is given tax free status for developing this providing they
reinvest their profits back into the United States. This recycling of
wealth will create manufacturing jobs to financial sector jobs galore.
The
Eurasians knowing their need for raw materials will not dare attack the
American cow giving them the milk of life and seek to protect her.

As
this system comes up and running, the banking cartels are going to be
informed no more plundering of America or allies. They want to plunder
nations they can do it offshore and if Russia kills them that is their
problem, not the American military.
The cartels can figure out they
will make more money and gain more power in this manner of production
than in the inflationary scale they have been operating under causing
all this havoc.

I want to address something in this as names
come up in people discussing these economic issues. Some people cling
to the FDR type of government programs and regulations. In FDR pure
from all that does is strangle the economy and create a stagnant
industry system like is plaguing the US auto industry which is more
intent on being a retirement program and promoting a gay deathstyle
than in making cars people will buy.
Pure capitalism is of a different sort where industry rapes the land, polluting it and enslaving people for profit.
What
needs to be accomplished is a mix of ideas regulated by national and
moral interests knowing the idea in this is for all people to be
rewarded in the fullest possible measure for the work they are doing,
not to survive, but to become wealthy.

Liberals do not want
independent wealthy people, because it takes away their voting base.
The robber barons do not want this independent wealthy mass as they
start becoming competitors.

This is what is occurring now in
this 9 11 follow up attack by these two groups who represent the
enslavement and nation rapists camps.

The cure is the Adam Smith
principle, the Benjamin Franklin principle and yes the Milton Friedman
principle now graduating with the needed fixes of minor regulation to
temper the greed of people into a healthy drive, but not to so shackle
people so they become wage slaves.

A healthy economy is one where farmers, foresters, miners, ranchers and inventors produce a raw product like wood.
They then sell this wood to bidders who in mills employing people with good jobs produce lumber.
Lumber
then with increased value is made into furniture, houses and even fuel
which is bought then by people in America and around the world in the
efforts of the stores you buy from or the traders who take the risk and
sell them to people in other lands.
In this way, the American money
stays home, recirculates creating jobs all benefit from and our surplus
brings in foreign currency so America is not a debtor nation.

Debt
though is the scam of the fractal lenders now in the cartel control of
the American economy. They are not going to change unless told they
have to at the point of an indictment and at the legal point of
Alexander Hamilton who installed the first American bank with a license
renewal system as a check and balance.
If someone was making a
monetary mess on purpose for their profit as they are now, they would
loose their banking license which means they loose the cash cow.

I have pointed out before that if the US Sec. of the Treasure under
mandate of Congress and the President simply informed the banking
cartel they would loose their banks in 1 year if they did not have this
mess cleaned up and the American economy growing with healthy jobs,
this entire mess would be cleaned up in 6 months and in 2 years the
American economy would be roaring as it can do.

It should be
noted to reassure people that this system does balance itself for when
America produces as it did in our history like in the 1950's, mass
production keeps prices down by supplying demand and by mass producing
small profits turn into record profits.

This can be done without
any suffering of the American people or the world. It will not be done
though by Barack Obama or Joe Biden as they are the ones smiling now as
their backers set this attack up on the American economy to perform a
coup on the US elections.

It is quite reprehensible and
completely illegal. They should be held accountable for it beyond the
ballot box and with federal indictments.

There is though a
complete way out of this which is easy, but until someone as a
President and Congress makes the cartel behave, places in a complete
economic package as outlined above, there is only going to be more
dumping US taxpayer funds into the pockets of those raping this economy.
What
I submit is not written in stone. I offer it in the same good nature of
Benjamin Franklin printing up a pamphlet, distributing it to educate
people, provide inventive answers, allow Americans to discuss it and
add their own measures, and in the end this nation benefits all
citizens to a better tomorrow.

I do offer it though as I have
had enough of some people deliberately lying about what is occurring,
some people telling me to read someone else's article which I already
have and exposed as bogus and some people just sitting there flustered
as this is all to hard for them to comprehend.
This is easy my
citizens. You are bright enough to get this, because you are bright
enough to balance your finances monthly and care for your entire
families. Your economy is not screwed up. It is these nation rapists
who have screwed up theirs and they can be made to fix it and will do
it with the right conversation.
These people who run the banking
cartels are not "bad" people. They are just people who have entire pie
and are not about to share it unless they are offered a better deal to
profit off of by allowing the public to profit too, or, they will loose
their monopoly.

They can understand these things.

The
people I have problems with are not the capitalists, but people like
George Soros to Warren Buffett who trade on this misery and they get
their money off of people loosing their money.
This group is used by
the cartels making the cartels guilty, but Soros knows exactly the
misery he is generating and does it deliberately and when I see the
gleam in Barack Obama's eyes and the glitter in Joe Biden's eyes in
their knowing this was engineered for their benefit and they know
people are going to be suffering, that is what I have an immense
problem with as that is without remedy in being inhumane and a pariah.

I hope this assists people to a better good in their lives as that is it's intent.

agtG 245

 

 

*HIC IACET ARTORIVS REX QVONDAM REXQVE FVTVRVS

Lame Cherry; how about this

Nov 12, 1999 

Congress passed the bipartisan measure November 5, opening the way
for a blossoming of financial "supermarkets" selling loans,
investments and insurance. 

Glass Steagall act

No one really questioned the new fad of collateralizing bank mortgage
debt into different types of financial instruments and selling them
through a different arm of the same institution. They are now.

 

CLIMATE CRISIS

IranianUranium

This is overblown

I hate media bias, but I think this is stretching things a bit.  Drudge has a headline that suggests that Crowley is reporting this FROM the Obama campaign.  I clicked this link thinking that someone inside the campaign was quoted as saying "yippee...the investment banks are collapsing" when instead it's just some CNN political analyst saying what she thinks Obama must be thinking.  And even at that, it's a stretch to suggest that Crowley is really suggesting they are cheering the banking crisis.  What Obama must want is for the economy to be an issue in the campaign.  I'm sure he's not rooting for a Depression.  If you think that, you really need to take your partisan glasses off.  I would imagine he is rooting for as much bad news as possible, but he certainly wants an economy he can triumphantly turn around, even if he can't.

Rose Colored Glasses

"I'm sure he's not rooting for a Depression.  If you think that, you really need to take your partisan glasses off.  I would imagine he is rooting for as much bad news as possible, but he certainly wants an economy he can triumphantly turn around, even if he can't." 

You really need to take your rose colored glasses off.  This reminds me of a story I read about FDR after McArther went in and killed some of the protesters while breaking up the campout by some group prior to his first election as president.  He said something like, "Hoover has just given me the presidency."  I think that is exactly what Obama is thinking.  We'll see how this plays out.

 

"The future is not set.  There is no fate but what we make for ourselves."

michaelyon-online.com