This edition begins a series revealing Barack Obama”s plan to bankrupt America and destroy our free market system.
SINCE YOU ASKED
With this edition, we begin
a series on “Breaking the System,” a systematic analysis of how Barack Obama is attempting to dismantle the private enterprise system in America while implementing a socialist “wealth redistribution” program. I will show how every one of his programs that takes America further into debt is part of his carefully orchestrated plan to bankrupt America. As we will see, national bankruptcy serves to keep future generations dependent on the government, while weakening our strength as a sovereign power. These are, perhaps, the two key elements of his plan.
How”s he doing so far? According to the Congressional Budget Office, in the first 20 months of his presidency, Barack Obama increased the National Debt by $2.5260 trillion. This is a higher percentage of the Gross National Product (GNP) than at any time since World War II. Even Secretary of State Hillary Clinton admitted the significance of this unprecedented “accomplishment,” saying, I think that our rising debt level poses a national security threat in two ways: It undermines our capacity to act in our own interests and it does constrain us where constraint may be undesirable. It also sends a message of weakness, internationally.” As I will show, these consequences are exactly what our President intended. They fit perfectly into the overall strategy.
Some have argued that Obama inherited a huge financial mess and that the massive government intervention (TARP) was begun by his predecessor. This is true, but the degree to which our debt “exploded” was neither inevitable nor unavoidable. There is no logical justification for either the massive government takeovers or the trillions in spending. I
will show that it was part of a calculated strategy that took shape long before Barack Obama became President. Obama”s response to the nation”s troubles was expressed in kernel form by Rahm Emanuel, while White House Chief of Staff, when he quipped, “You never want a serious crisis to go to waste.”
Thus far in Obama”s presidency, we have seen government takeovers in the auto, banking, and healthcare
industries. Our debt continues to rise, while the dollar continues to take a beating. Unemployment is still over 8% and underemployment is immeasurable. America is in deep trouble.
AS I SEE IT
As far as Obama is concerned, his only area of concern is his dwindling popularity. Otherwise, everything is going just as planned. Most Republicans argue that the President”s programs aren”t working, but they are. They”re working perfectly. Stay tuned and I will show where the “plans” originated and how Barack Obama has surrounded himself with people who are devoted to the same cause- breaking the system and replacing it with something our founding fathers would never have recognized. On election eve of 2008, he boasted, “We are five days away from fundamentally transforming the United States of America.” We are learning how right he was.
The last election showed that America is finally waking up, but we shall see if it”s too little, too late. An incredible amount of damage has already been done, but we must act with the belief that America can be restored. Part of the restoration process involves just what the Obama administration is really up to. In Part 2, we”ll look at the origins of Obama”s strategy and the role of two Marxist professors at Columbia University- Richard Cloward and Frances Fox Piven. Read Part 2 of this series.
ON THE LIGHTER SIDE