Friday, October 21, 2011

Occupy Wall Street - Obama's Achilles Heel

We are finally getting to the point where we can understand what President Obama meant by “Change We Can Believe In”.

We have had many hints while watching his agenda roll out:

Government takeover and redistribution of two thirds of the American automobile industry.

Government takeover of health care, 1/6th of our economy.

Control of our banking system through onerous regulations.

Hindering our quest for energy independence by controlling energy resources through regulation;

Crippling of our economy through uncontrolled spending and crony capitalism.

Now, through his campaign of “Class Warfare” and support of the Occupy Wall Street crowd, he has shown his true colors for all to see. Many will try to say Obama is an opportunist trying to cash in on the unrest shown by those picketing Wall Street and many other cities throughout the world. But no, the facts are otherwise and date back to his former employment and ties to SEIU and Acorn.

Andrew Stern, then President of SEIU, visited the White House more than two dozen times the first two years of Obama’s term.

Former Obama White House political director, Patrick Gaspard, was a former VP of SEIU’s Local 1199 in New York. He is now Executive Director of the Democratic National Committee focusing on Obama’s 2012 re-election campaign.

In 2010, Stephen Lerner, an SEIU executive had two private meetings in the White House. Subjects of the meetings have not been disclosed. On March 19, 2011, Lerner spoke at Pace University at the Left Forum and spoke about bringing down the banking system.

Quote from Lerner’s speech: “There are actually extraordinary things we could do right now to start to destabilize the folks that are in power and start to rebuild a movement.

For example, 10% of homeowners are underwater, right? Their home, they are paying more for it then its worth. 10% of those people are in strategic default, meaning they are refusing to pay but they are staying in their home. That's totally spontaneous. They figured out it takes a year to kick me out of my home because foreclosure is backed up.

If you could double that number, you would, you could put banks at the edge of insolvency again.

We have an entire economy that is built on debt and banks. So the question would be, what would happen if we organized homeowners in mass to do a mortgage strike? If we get half a million people to agree, it would literally cause a new financial crisis for the banks, not for us. We would be doing quite well. We wouldn't be paying anything.

The second thing is there is a whole question in Europe about students’ rates in debt structure. What would happen if students said we are not going to pay? It’s a trillion dollars. Think about republicans screaming about debt, a trillion dollars in student debt.”

By his own words, Lerner has been front and center in planning “Occupy Wall Street” demonstrations throughout the United States, and the picketing of banking executives’ families and homes. It is difficult to believe that Obama and his campaign staff had no prior knowledge of Lerner’s plans.

A recent poll reported in the WSJ showed a large majority of the protesters have a “deep commitment to left-wing policies” and “opposition to free-market capitalism”. 31% of them would support violence to achieve their objectives.

This is not just a rally for people to voice their frustrations about the economic downturn and the lack of jobs. It is an organized attempt to collapse our capitalistic system and replace it with the redistribution of wealth and socialism.

President Obama and the Democratic leaders in Congress have expressed support for these demonstrations, and, with his campaign theme of “Class Warfare” that is helping to fuel the unrest, he now shows his intent. His “Change We Can Believe In” is the destruction of capitalism and the American way of life.

David Light
Pawleys Island, SC

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