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King Obama

This is an article written some time ago. I feel it is time for a review. The possibilities of the outcome of the 2008 Presidential election requires that we revisit the concept proposed. If Barack Obama wins, we may be entering the 8th sequence.

About the time our original 13 states adopted their new constitution, in 1787, Alexander Tyler, a Scottish history professor at the University of Edinburgh, had this to say about the fall of the Athenian Republic some 2000 years prior:

"A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship."
"The average age of the worlds greatest civilizations from the beginning of history, has been about 200 years. During those 200 years, these nations always progressed through the following sequence:
 
1. From bondage to spiritual faith;
2. From spiritual faith to great courage;
3. From courage to liberty;
4. From liberty to abundance;
5. From abundance to complacency;
6. From complacency to apathy;
7. From apathy to dependence;
8. From dependence back into bondage
 
" Professor Joseph Olson of Hamline University School of Law, St. Paul, Minnesota, points out some interesting facts concerning the 2000 Presidential election:
 
Population of counties won by: Gore: 127 million; Bush: 143 million;
 
Square miles of land won by: Gore: 580,000; Bush: 2,427,000
 
States won by: Gore: 19 Bush: 29
 
Murder rate per 100,000 residents in counties won by: Gore: 13.2 Bush: 2.1
 
Professor Olson adds: "In aggregate, the map of the territory Bush won was mostly the land owned by the tax-paying citizens of this great country. Gore's territory mostly encompassed those citizens living in government-owned tenements living off government welfare...
 
" Olson believes the United States is now somewhere between the "complacency & apathy" phase of Professor Tyler's definition of democracy, with some 40 percent of the nation's population already having reached the "governmental dependency" phase. Pass this along to help everyone realize just how much is at stake, knowing that apathy is the greatest danger to our freedom.
For your viewing pleasure.
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Obama is not a sellout

From the Autobiography, "Dreams of my Father" by Barack Obama. On his friends.

"To avoid being mistaken for a sellout,I chose my friends carefully.The more politically active black students.The foreign students.The Chicanos.The Marxist Professors and the structural feminists and punk-rock performance poets.We smoked cigarettes and wore leather jackets.At night,in the dorms,we discussed neocolonialism,Franz Fanon,Eurocentrism,and patriarchy.When we ground out our cigarettes in the hallway carpet or set our stereos so loud that the walls began to shake,we were resisting bourgeois society's stifling constraints."
 
Keep this statement from his book in mind as you review the names of the people Barack Obama kept close through the years.
 
Louis Farrakhan
Frank Marshall Davis, an old Communist Party USA member, mentor to Barack Obama during the late 1970's., his surrogate father.
Marilyn Katz
Mazen Asbahi
William Ayers
Reverend Wright
Father Michael Pfleger
Syrian National Antoin Rezko
Khalid Al-Mansour. Radical Islamist
Rashid and Mona Khalidi
Penny Pritzker
Dr. Ingrid Mattson
Jodi Evans
Franklin Delano Raines
James Johnson
Raile Odinga
Gerald Kellman (disciple of Saul Alinsky)
 
And for your viewing pleasure.
 
 

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Junior Senator Barack Obama and his tax plan

Junior Senator Obama, you claim raising taxes is not socialism. You are right, raising taxes isn't socialist. We ALL should pay our fair share of taxes. Taxes to build roads, schools, hire policeman, and build the strongest military in the world to protect our freedom and safety. This is called taxes "for the common welfare". That is in the constitution, twice. If we need to raise taxes to provide for our safety and freedom, then more taxes it should be.

However, you are wrong if you want to raise taxes to give welfare payments to some Americans by stealing money from Americans you think make too much money. Nineteen people stealing from one rich person is not just. You are not Robin Hood. He took money back from the governement in power that was stealing from the poor with high taxes, and gave it back to the poor. You are stealing from the rich their hard earned money, and giving it to people that earned not one cent of it. This "spreading the wealth around" may sound great, but it is a cancer on the soul of America. It destroys self esteem and character.
 
Socialism is defined as, "any of various political philosophies that support social and economic equality, collective decision-making, and public control of productive capital and natural resources, as advocated by socialists." Senator Obama, your "spread the wealth around" is equivalent to useing public control to force economic equality. That sir, is the definition of "socialism". Socialism is the road from capitalism, where we can all be rich, to communism, where we are all poor.
 
We are Americans. We are not wards of the state. We make our own way. We are not parasites, or thieves. Do not make us one. It is not the American way.
 
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Barack Obama and his cousin Raila Odinga

A lot has been said and intimated about Barack Obama and his friend Bill Ayers. Bill Ayers is not Barack Obama's only bad judgement in friends. A man he supported in Kenya, in a run to be Kenyan President, had his supporters protest when he lost the election. Raila Odinga, an Anglican, allied himself with National Muslim Leaders Forum (the Leaders, NAMLEF) and its associates the Taliban and Al-Qaeda. During the weeks of 'protesting', over 800 people died, and churches burned, one with 200 people seeking sanctuary inside of which 35 burned to death. Hundreds of thousands fled in terror. He had his supporters continue this until a UN mediation gave him the office of Prime Minister with extra powers. Barack Obama stumped for Raila Odinga in 2006, and raised $950,000 for his campaign fund.

 
 
Watch the next video and listen for when the Luo tribesmen rioting declare themselves Taliban.
 
 
For more information:
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Obama will face a crisis within six months as President

Vice Presidential nominee Joe Biden warns that the enemies of America will test how far they can push a President Obama. Apparently, he fears that the inexperience of Junior Senator Barack Obama will entice the enemies of America to start an International crisis in the hopes that Barack Obama will not do anything to them. No such dire predictions are due if Senator McCain becomes President. Our enemies know they can not push Senator McCain and not be pushed back even farther. Not so with Junior Senator Obama, his judgement is in question. After all, his first executive decision of any import was to pick Senator Joe "lives in his own world" Biden as his running mate.
From ABC News.
 
 
Senator Biden said, "Mark my words, It will not be six months before the world tests Barack Obama like they did John Kennedy. The world is looking. We're about to elect a brilliant 47-year-old senator president of the United States of America. Remember I said it standing here if you don't remember anything else I said. Watch, we're gonna have an international crisis, a generated crisis, to test the mettle of this guy."
 
 
Joe Biden further said "And he's gonna need help. And the kind of help he's gonna need is, he's gonna need you - not financially to help him - we're gonna need you to use your influence, your influence within the community, to stand with him. Because it's not gonna be apparent initially, it's not gonna be apparent that we're right." Barack Obama apparently already has a contingency plan for this eventuallity.
 
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The rich can afford more taxes

Junior Senator Barack Obama has the perfect tax plan. It will only make the rich pay more. The 1 in 20 of us who make more money than their fair share. He will raise the taxes of the greedy bosses. Thats good, those bosses need to be punished for creating businesses where we can work. Besides, they are always willing to take a cut in their take home pay.

Senator Obama will give 95% of the working class a tax cut. The upper 5% will be get a tax raise to "spread the wealth". One out of every twenty Americans will pay more taxes, if they make more than $250,000. They can afford it. The bosses will do what they always do when faced with an effective increase in their costs of 8.3%.

They will either raise the costs of the items they make or sell in their business. Enough to cover their sudden increase in doing business. This will be fine, the customers will just have to pay the increase, the 20 out of 20 Americans who are customers can afford it.

Or they can just hold off on any raise for their employees. They can recover the 8.3% easily by just not giving their employees any extra money for awhile. Hey, if they work for a rich person making more than $250,000, they can share the responsibility.

Another way that fat cat boss can be forced to come up with that extra money, he can fire 8.3% of his workers. That will teach that rich sucker to work harder than the rest of America and make more money.

I am sure the 1 in 20 Americans who will have to pay more taxes will be able to afford it. There are a lot of ways for them to come up with that money and it won't "punish their success" a bit.

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Junior Senator Barack Obama remix interview

This is a remix of comments and statements made by Junior Senator Barack Obama organized into an interview type format. It includes views on Security for America, Tax policy, Early Education programs, Religion. If you find the video funny, or useful, or just interesting, please share the link.

 
 
 
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With friends like this...

Junior Senator Obama has some auspicious endorsements for his bid for President of the United States.
The Communist magazine Peoples Weekly World, on the website of the Communist Party USA endorses Junior Senator Obama in http://www.cpusa.org/article/articleview/975/1/147/
 
Louis Farrakhan, leader of the Nation of Islam, with whom Barack Obama went to the Million Man March with. http://fallbackbelmont.blogspot.com/2008/02/farrakhan-endorses-obama.html
 
Shaaban Abdel Rahim, composer and singer of the song "Hey People, it was only a tower" http://en.wikipedia.org/wiki/Shaaban_Abdel_Rahim
 
 
Mr. Jesse Jackson (anyone who uses the language he does can't be called a Reverend). Recently declared that when Barack Obama was elected, America would cease to support Israel. http://gawker.com/tag/videuhoh/?i=5023609&t=jesse-jackson-i-wanna-cut-obamas-nuts-off
 
Syria, the country that finances and supports Hezbollah and Hamas as well as undermining democracy in Lebanon with assassinations. Tony Badran, an expert on Lebanon and Syria for the Defense of Democracies recently stated to the Sun "It's not a secret that the Syrians are openly banking on Barack Obama, ".

Besides these endorsements, we have mentors and friends who have questionable teachings and character.
 
Frank Marshall Davis, an old Communist Party USA member, mentor to Barack Obama during the late 1970's. Marilyn Katz. Contribution bundler for Barack Obama. Member of the radical group SDS and friend of Bill Ayers. Mazen Asbahi, Obama's previous director of Muslim outreach, tied to the Muslim Brotherhood. Currently works for the Obama campaign in an unknown capacity. William Ayers, unrepentant terrorist and co founder of the Weather Underground. Recently, William Ayers has stated, "I don't regret setting bombs... I feel we didn't do enough." of his bombing of the U.S. Capital, Pentagon and numerous other buildings. Obama was Chairman of the Board for Ayers $49 million Chicago Annenberg Challenge education program from 1995 to 2001. As directors of a this leftist group, they sought to force Chicago public school teachers and principals to us radical teaching methods. Barack Obama's political coming out party was held at William Ayers home.
 
.
 
Reverend Wright, Obama's Reverend for 20 years, "He has been like family to me." says Obama. He of the "Not God Bless America, God damn America" church sermons, who calls America "the U.S. of K.K.K.". A preacher who idolizes Louis Farrakhan and hob nobs with Libyan leader Qaddafi. Reverend Wright thought America deserved the terrorist attacks of 9/11 and that the U.S. government invented the AIDS virus to kill blacks.
 
 
Father Michael Pfleger, a catholic priest at Barack Obama's Trinity Church.
 
 
Syrian National Antoin Rezko. The money man for Barack Obama's real estate purchase of his Home. Starting in 2003, Rezko was one of the people on Obama's U.S. Senate campaign finance committee, which raised more than $14 million. In October 2006, Rezko was indicted along with businessman Stuart Levine on charges of wire fraud, bribery, money laundering, and attempted extortion as a result of a federal investigation known as "Operation Board Games". Khalid Al-Mansour. Radical Islamist. Helped get Obama into Harvard. Recently posted advice to Bill Clinton on how to help Obama win the presidency.
 
 
Barack and Michelle were close with Rashid and Mona Khalidi, convicted terrorism supporters. Khalidi has been accused of having ties to the Palestinian Liberation Organization, because of his work for Wafa and being an advisor during the 1991 Madrid Conference for the Palestinian delegation.

As well, his current litany of associations include people of dubious history.
 
Penny Pritzker. Obama's current Finance Chairwoman. Gutted her Chicagoland bank and approved risky loans while on the board controlling Superior Bank that cost depositors hundreds of millions of dollars by pushing the bank to accept the sup prime loans that have led to the current economic crisis. She refused to follow the recommendations of regulators that told her the practice's where reckless. The bank failed in 2001 and the Pritzker family was fined $460 million for the wrongdoings.
 
Dr. Ingrid Mattson is the president of the Islamic Society of North America (ISNA), an organization created by the radical, Saudi-financed Muslim Students Association, organization identified by the Department of Justice as a Muslim Brotherhood front organization and an unindicted co-conspirator in a terrorism financing conspiracy. A speaker at nominee Obama's convention.
 
Jodi Evans. Code Pink founder and bundler for Barack Obama's campaign. Has met with Iranian President Mahmoud Ahmadinejad during his trip to the U.N. in 2008. “It’s rare for a head of state to take time during an official U.N. visit to meet with the peace community, especially in a situation where the host government—represented by the Bush administration—is so hostile,” Evans declared. “The fact that the meeting took place and was so positive is, in itself, a major step forward.” The meeting included fellow Code Pink founder Medea Benjamin where they offered Ahmadinejad a plan to build a “peace park” in Tehran and invest funds in Iranian businesses “that produce green and sustainable products, such as bicycles.”
 
Franklin Delano Raines. Fannie Mae officer, pocketed $14 million in bonuses based on fraudulent accounting practices 'cooking the books'.
 
James Johnson. Fannie Mae officer. Initially head of the Obama vice presidential nominee search. Stepped down after discovery of a sweet heart loan from Countrywide.

And who does Junior Senator Barack Obama praise and worship?
 
In Virginia at a campaign stop he quipped “everybody's watching what's going on in Beijing right now and the Olympics. Think about the amount of money that China has spent on infrastructure. Their ports, their train systems, their airports are all vastly superior to us now, which means if you're a corporation deciding where to do business, you're starting to think, Beijing looks like a pretty good option.” This of a country that still has 40 million of it's people living in caves. Whose per capita GDP is a small percentage of America's. Praise for the Communist way of government.

And then there is his wife, and what she believes and thinks. (Included only because the NYT deemed Cindy McCain fair game to report on)
 
While at Princeton, she lamented the existence of only one major university-recognized group on campus was "designed specifically for the intellectual and social interests of blacks and other third world students." At a speech in Milwaukee while stumping for her husband she declared "What we have learned over the past year is that hope is making a comeback. And let me tell you something – for the first time in my adult lifetime, I am really proud of my country. And not just because Barack has done well, but because I think people are hungry for change. And I have been desperate to see our country moving in that direction and just not feeling so alone in my frustration and disappointment."
 
As detailed in New Yorker from her standard 45 minute stump speech 'Obama begins with a broad assessment of life in America in 2008, and life is not good: we’re a divided country, we’re a country that is “just downright mean,” we are “guided by fear,” we’re a nation of cynics, sloths, and complacents. “We have become a nation of struggling folks who are barely making it every day,” she said, as heads bobbed in the pews. “Folks are just jammed up, and it’s gotten worse over my lifetime. And, doggone it, I’m young. Forty-four!”'
 
After 20 years in the pews of Reverend Wright, who can blame her for being mislead about America.

And his cousin in Kenya.
 
Raile Odinga. Visiting Kenya in 2006, Obama campaigned for his Socialist cousin for the Presidency of Kenya. Odinga lost. As a result, Odinga used his Muslim tribe, a 12% minority in Kenya and an alliance with Al Qaeda to destroy 600 churches, burn people alive, and slaughter 1500 Kikuyu. Odinga has pledged to establish Shari'ah Muslim Law in Kenya. In January 2008, Barack Obama brokered a deal to give Odinga the Prime Minister position in Kenya.

And as for his collegues and previous employers in his vast experience.
 
Gerald Kellman (disciple of Saul Alinsky, author of the book 'Rules for Radicals'). Gerald Kellman was his first boss at the Calumet Community Religious Conference in Chicago.
 
ACORN. During Barack Obama's 'community organization' days after leaving Harvard, he worked for affiliates and subsidiaries of ACORN. After becoming a state senator, he continued to train ACORN personnel in the Alinsky method of 'community organizing' based on the book 'Rules for Radicals'. ACORN members have been convicted of voter registration fraud and the founder has been under investigation for embezzlement of millions from the organization. ACORN agitates to prevent school reform, as well as hassling banks to provide sup prime loans to low and no income people. Obama's Presidential campaign recently paid over $800,000 for voter drives to an ACORN subsidiary 'Citizen Services, Inc.'. ACORN has endorsed Barack Obama for President. For more on ACORN www.rottenacorn.com.

And finally, some light reading of Barack Obama's
 
In the first edition of Saul Alinsky's seminal book, "Rules for Radicals," where Alinsky wrote:
 
"Lest we forget at least an over-the-shoulder acknowledgment to the very first radical: From all our legends, mythology and history (and who is to know where mythology leaves off and history begins -- or which is which), the first radical known to man who rebelled against the establishment and did it so effectively that he at least won his own kingdom -- Lucifer."

My thoughts
 
Judge a person by the quality of friends they have, and the type of enemies they fight.
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Obama mocks the American Dream

Recently, Junior Senator Barack Obama was stumping door to door in an Ohio neighborhood where he met a man playing football in his yard. The man was a working man named Samuel Joseph Wurzelbacher, 34, of suburban Toledo, Ohio. He is commonly called "Joe the Plumber" now by the media and the Presidential nominees. Joe the Plumber had a dream, the American Dream. He told Obama that he was a plumber and was hoping to buy his boss’s business, which he said made $250,000 to $280,000 a year. Obama replied to Joe when he asked how his tax plan would affect his "American Dream" that "it’s not that I want to punish your success – I just want to make sure that everybody who is behind you – that they’ve got a chance at success too", he further explained that "I think when you spread the wealth around, it’s good for everybody."
 
This exchange was reported in videos on the Internet, over the news networks, and finally at the third Presidential debate. After the debate, the Obama supporters realized that the truth of Obama's plan to destroy the American Dream was in the open. A smear campaign against an average American citizen by the Obama supporters on the Internet, Main Stream Media, and Obama campaigners began. They started to smear and mock Joe the Plumber, an example of the average American with the "American Dream"!
 
Both Junior Senator Obama and Senator Biden derided and mocked an average American Citizen at campaign stumps, for only asking him to clarify his tax plan and how it would effect his "American Dream". Something all of us have. All of us have an "American Dream", to work hard and become better off, not a dream to have our taxes taken away from us so that Big Government can "spread the wealth". This is not the type of men we want to lead us. Not in good times, and especially not in bad times. Men who disdain us, mock our fellow citizens, and aim to destroy our dreams.
 
 
 
 
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Degenerative Tax Policy

First, they came for the earnings of the rich, to "spread the wealth". But, I didn't care and said nothing, because I wasn't rich.

Then they came for the pay of the upper class, to finance the abortions of unwanted children. But, I again said nothing, after all I wasn't upper class.

Next they came for the middle class, to pay for the government workers needed to oversee the wealth spreading and the abortions. But again, I said nothing, I wasn't middle class either.

Finally, they came for the poor, to pay for the common welfare of the nation. And when I looked around for some one to borrow from to pay what they demanded of me, everyone else was poor too.

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Obama supporter's commit fraud

The Obama supporter's have perpetrated multiple affront's to the election process. All in accordance with Saul Alinsky's methods of socialist takeover. This is the kind of educationional concepts taught by The Annenberg Challenge run by Bill Ayers and funded by the organizations headed by Barack Obama. Millions of dollars to teach people it's ok to do things like this.
Credit Card Fraud
 
From Fox News
A North Kansas City couple has been left scratching their heads after they became the victims of a political scam. Steve and Rachel Larman say a strange credit card charge appeared on their statement this month — a $2300 donation to Barack Obama’s presidential campaign. The Larman’s say they don’t want this to be about their political affiliation, but they say they’re not about to give the Obama campaign any help from their pocketbook. They said they notified Chase, their credit card bank, to report the fraud. “(They) said that they had seen-they were familiar with this,” said Steve Larman. “It was fraud, they believe through telemarketing but they were going to be doing some more investigations.” The Larman’s don’t want their politics to enter into what is essentially just a fraudulent charge. But they say that the charge involves the Obama campaign adds insult to injury for the registered Republicans. “They (Chase) kept on asking me ‘are you sure you wouldnt have gone to a site in support of Obama’,” said Rachel Larman. “And I repeatedly said ‘Im voting for McCain - I would not be going to an Obama site’.” Chase dropped the charge from the Larman’s card. The couple is thankful thay they caught the charge on the card, but worried that others may not see that type of fraud on their own credit cards before it’s too late.
Voter Fraud
Non resident students of Ohio vote in Ohio early elections, all from the same address.
 
Along with these instances are numerous DDOS attacks on pro McCain websites by hackers. As well as attempts at censorship by officials in some states. The new change from a free lawful democracy to a thugocracy sure seems more likely by the day if Obama wins.
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Soak the Fat Boys

Junior Senator Obama has a new message, a new message of Hope! A new message of a Right to Medical Care. A new message of Change.
 

 
 
 
I now see the light Obamessiah.
 
I do not need to save up for a house, you will harrass the banks into giving me a mortgage loan even if I don't have a job, then bail me out when I can't pay the loan.
 
I do not have to set aside some of my salary and invest for my retirement, you will provide entitlements for my old age.
 
I need not put in extra time to build up my business so I can have work for more employees, they will get to be employeed as 'Get out the vote' community organizers (for less then minimum wage if you can get the court judges you want).
 
I have no need to help my children learn and get good grades in school so they can get a scholarship, you will give them money for school no matter how much they study.
 
I can not vote for less government spending and a balanced budget, or else how will you pay me for my vote.
 
I need not work hard and achieve the American Dream. I will just sit back and let the suckers work towards the American Dream and let you steal their money when they do and give it to me.
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My Brothers Keeper

Charitable contributions from the Presidential and Vice Presidential candidates this year will help us to know who is really kind and generous. Maybe a glimpse into their character, how they feel about giving a fair share of their wealth to those less fortunate.

Sarah and Todd Palin made $127,869.00 in 2006, and paid taxes of $11,944.00. Payments to Charity where $4,250.00.  Charity of 3.3%.

In 2007, the Palins made $166,080.00 and paid taxes totaling $24,738.00. Reported Charity donations where $2,500.00. 1.5% to charity.

John McCain had 2006 earnings of $215,304.00 and paid taxes of $72,771.00. Charitable contributions where $64,695.00. 30.0% to charity.

McCain's 2007 income was $258,800.00 and paid $84,460 in taxes. Contributions to charity where $105,467.00. 40.8% to charity.

Joe Bidens' 2006 income was $248,459.00 with taxes of $42,832.00. His payments to charity equaled $380.00. 0.15% for charity.

The 2007 earnings of Joe Biden where $319,853.00 and paid taxes of $66,273.00. Charity received $995.00. 0.3% towards charity.

Barack and Michelle Obama earned 2006 income of $983,826.00 and paid taxes of $277,481.00. Charitable deductions amounted to $60,307.00. 6.1% for the less fortunate.

The Obama's had 2007 earnings of $4,238,165.00 and paid taxes of $1,396,772.00. Charity received $240,370.00. 5.7% for charity.

The donations of Barack Obama went to various organizations. Among the recipients where Trinity United Church of Christ $22,500.00.

Barack Obama has a half brother, George Hussein Onyango Obama. He is 25 years old and lives in a six by nine foot hut near Nairobi, Kenya. He is learning to become a mechanic and is active in Huruma youth groups. His income is reportedly around $12.00 per year. Barack visited him in 2006. When asked about his relations to Barack by the people he meets, "If anyone says something about my surname, I say we are not related; I am ashamed," he told the Italian Vanity Fair. "No one knows who I am."

As Barack Obama says, we are our brothers keepers. “Whatsoever you do for the least of my brothers.” However, Barack Obama, after all, could not donate for his brother since he had donated $22,500.00 of his $4 million to Trinity Church and didn't have any left to spare. A church where the Reverend Wright espoused hatred of America for the 20 years Barack Obama attended. And he wonders why his wife wasn't proud of America. That's putting money where your mouth is.

Charity for George Obama link.

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Butterfly effect

A butterfly effect, a small butterfly flutters it's tiny wings and the small buff grows and develops over time into a huge hurricane.

The Butterfly

- Community Reinvestment Act revisions of 1995 by Bill Clinton, inventing the 'sub prime' loan. A social engineering regulation to force banks to provide mortgage loans to poor risk of repayment buyers. This revision changed “traditional lending requirements such as requiring a down payment or limiting mortgage payments to 28 percent of income.” The Boston branch of the Federal Reserve, said these were “arbitrary” and “outdated".

- After relaxing lending standards, President Bill Clinton’s administration's goal of having 67.5 percent national home ownership by 2000 was exceeded.

- A redlining investigation by Clinton's secretary of Housing and Urban Development, Andrew Cuomo, of Fannie Mae entailed the proposal that 50 percent of Fannie Mae's and Freddie Mac's portfolio be made up of loans to low- to moderate-income borrowers by the year 2001.

Economic Storm

- The S. 900 [106th]: Gramm-Leach-Bliley Act of 1999 which deregulated parts of the Glass Steagall Act. Passed the Senate on Nov. 4 1999, The total votes were 90 Ayes (Joe Biden among them; 36 Democrats, 44 Republicans), 8 Nays, 1 Present/Not Voting (John McCain). The Act passed the House on Nov. 4 1999. The total votes were 362 Ayes (Nancy Pelosi among them; 152 Democrat, 210 Republican), 57 Nays (Barney Frank among them), 15 Present/Not Voting. No amendments regarding changes to CRA certification of banks where allowed as the Clinton Administration stressed that it "would veto any legislation that would scale back minority-lending requirements."

- Community Organizing groups like ACORN (Association of Community Organizations for Reform Now)push banks to make CRA compliant loans. ACORN proudly touted "affirmative action" lending and pressured banks to make sub-prime loans. This is where Barack Obama learned his Executive skills. He funneled money to ACORN from the the Foundations he chaired or headed which funded ACORN's push for sub prime lending. He trained ACORN activists in how to pressure banks into giving CRA loans.

Category 1 Economic Hurricane

- Easy Credit after 9/11. Interest rates where kept deliberately low after the Terrorist attack to bolster economic growth and consumer confidence.

- Congressman Barney Franks vouches in 2003 for the "soundness" of Fannie Mae and Freddie Mac, and said "I do not see" any "possibility of serious financial losses to the treasury." He declared that the federal government has "probably done too little rather than too much to push them to meet the goals of affordable housing."

- Rep. Maxine Waters, D-Ca, said in a Sept. 25, 2003 hearing of the House Committee on Financial Services, "We do not have a crisis at Fannie Mae and in particular Freddie Mac under the outstanding leadership of Frank Raines."

Category 2 Economic Hurricane

- Commodity prices, among them oil, begin a climb to highs that are multiples of 2000 prices.

- In a 2004 hearing, Rep. William Lacy Clay, D-Mi, tried to inflame and misdirect an investigation that found illegal activity at Fannie Mae by calling it a "lynching," . Both Clay and Fannie Mae CEO Franklin Raines are African American.

- Lobby money from Fannie Mae/Freddie Mac is paid out to supporters. Obama managed to become the third biggest all-time recipient of Fannie Mae/Freddie Mac PAC and Lobby money after only three years in the Senate, $105,849.With a 30 year head start, Democratic Sen. Chris Dodd, was number one in receiving loot from Fannie Mae/Freddie Mac, $133,900.

- Any attempt to create any regulatory legislature was derailed by lobby pressure from Fannie Mae and Freddie Mac. Efforts started in 2004/2005 to put them under the supervision of a world class regulator at a new agency within the Department of the Treasury among them. John McCain signed onto this as a co sponsor in 2006. The changes where blocked in committee or by other means for the reasons stated by Representative Frank, Barney H D-MA, who received $40,100 from Fannie Mae/Freddie Mac, He said "These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis, the more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." Representative Mel Watt(D-NC) added "I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing."

Category 3 Economic Hurricane

- FASB 157 goes into effect Nov. 15, 2007. An accounting change that changed asset values to Mark - to - market means devaluing assets to their current market value and not the maturity book value. Devaluing assets in a soft market even if there are no plans to sell the asset in a soft market.

- Housing Bubble bursts. Joe Biden endorsed bill to revise the bankruptcy laws passes. In 2005, Senior Senator Joe Biden helps develop democratic support for the Bankruptcy Abuse Prevention and Consumer Protection Act. Notice the misleading name Consumer Protection Act, I love how congress always names laws that will harm someone as a law that will protect them. This law prevents saving a primary house by renegotiating the mortgage loan when you file for bankruptcy if you own the house less than 730 days. Now people who bought houses they couldn't afford in the first place and now can't pay their bills, will lose their house and any money they put into it. Many houses enter the market with no one able to buy them. Prices of homes begin to plummet.

- Government passes a $150 billion in a stimulus package for the nation.

- Government bailout of $29 billion for the bad assets of Bear Stearns to entice J.P. Morgan to buy the investment bank .

- Government bailout of $85 billion for 80 percent of AIG.

- Government bailout of $300 billion for Fannie Mae and Freddie Mac.

Category 4 Economic Hurricane

- $700 Billion rescue plan enacted in America to purchase the assets containing the sub prime mortgages banks where forced to make because of the Community Reinvestment Act.

- On Sept. 25. 2008, in an appearance by Bill Clinton on ABC's "Good Morning America" . There was reference to his party's reluctance to place more restrictions on Fannie and Freddie. Bill Clinton said, "I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress, or by me when I was president, to put some standards and tighten up a little on Fannie Mae and Freddie Mac."

Category 5 Economic Hurricane

World wide depression of capitalist based democracies. Rise of Islamofascists in the middle east in countries rich from oil revenue. Rise of Socialist bastions in South America similarly enriched from oil revenues. A scenario similar to the 1930's and the rise of Nazi Germany and Imperial Japan.

Other Social engineering butterflies upsetting the economy. 

Regulations for Biofuel Subsidy is already causing;

- Higher Food costs

- Famine in Haiti

Regulations against Nuclear Power Plants.

Regulations against American territory oil drilling.

What will their category 5 status look like?

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Fannie Mae, Freddie Mac, a brief lobby history

The Top 25 Recipients of Fannie Mae and Freddie Mac Campaign Contributions from 1989-2008
 
Name - Office - Party-State - Total
1. Dodd, Christopher - JS - D-CT - $133,900
2. Kerry, John - S - D-MA - $111,000
3. Obama, Barack - S - D-IL - $105,849
4. Clinton, Hillary - S - D-NY - $75,550
5. Kanjorski, Paul E - H - D-PA - $65,500
6. Bennett, Robert F - S - R-UT - $61,499
7. Johnson, Tim - S - D-SD - $61,000
8. Conrad, Kent - S - D-ND - $58,991
9. Davis, Tom - H - R-VA - $55,499
10. Bond, Christopher - S - R-MO - $55,400
11. Bachus, Spencer - H - R-AL - $55,300
12. Shelby, Richard C - S - R-AL - $55,000
13. Emanuel, Rahm - H - D-IL - $51,750
14. Reed, Jack - S - D-RI - $50,750
15. Carper, Tom - S - D-DE - $44,389
16. Frank, Barney - H - D-MA - $40,100
17. Maloney, Carolyn - H - D-NY - $38,750
18. Bean, Melissa - H - D-IL - $37,249
19. Blunt, Roy - H - R-MO - $36,500
20. Pryce, Deborah - H - R-OH - $34,750
21. Miller, Gary - H - R-CA - $33,000
22. Pelosi, Nancy - H - D-CA - $32,750
23. Reynolds, Tom - H - R-NY - $32,700
24. Hoyer, Steny H - H - D-MD - $30,500
25. Hooley, Darlene - H - D-OR - $28,750

Previous Fannie Mae CEO Franklin Raines and two top executives where fined $31.4 million in April 2008 for their role in an accounting, or "cooking the boooks", scandal. This was so executives at Fannie Mae could receive multi-million dollar bonuses and incentives.
 
Any attempt to create any regulatory legislature was derailed by lobby pressure from Fannie Mae and Freddie Mac. Efforts started in 2004/2005 to put them under the supervision of a world class regulator at a new agency within the Department of the Treasury among them. John McCain signed onto this as a co sponsor in 2006. The changes where blocked in committee or by other means for the reasons stated by Representative Frank, Barney H D-MA, $40,100 16th on the list, He said "These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis, the more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." Representative Mel Watt(D-NC) added "I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing."
 
Another executive at Fannie Mae, Financial officer James Johnson, joined the Barack Obama campaign to watch over their investment. He picked the Vice Presidential nominee. James Johnson had to resign from the campaign when he and  Dodd, Christopher JS D-CT $133,900,  first on the list, were implicated for receiving preferential mortgage deals from Countrywide.
 
It is interesting that Barack Obama is third on the list after such a brief political career. I wonder what he is expected to do for Fannie Mae and Freddie Mac. His sole executive experience, as a community organizer, included forceing banks to make sub prime loans to the poor and drive business to Fannie Mae and Freddie Mac. A harbinger of things to come.
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