Those Surprised by the Bad News from S&P Shouldn't Have Been
Thanks be to God, and the Tea Party, Obama no longer has control of Congress and there is real hope for a change back to the traditional American values that made America exceptional.
Bulletin: As promised, President has brought fundamental change to the United States, and in less than three years as President!
"The United States has lost its sterling credit rating from Standard & Poor's.
"The credit rating agency on Friday lowered the nation's AAA rating for the first time since granting it in 1917...."
"...Rep. Michele Bachmann, R-Minn., called on Obama to fire Treasury Secretary Timothy Geithner and submit a plan to balance the budget and not just reduce future deficits. Republican candidate Mitt Romney, former governor of Massachusetts, said the credit downgrade was the 'latest casualty' in Obama's failed economic leadership."
"S&P said that in addition to the downgrade, it is issuing a negative outlook, meaning that there was a chance it will lower the rating further within the next two years. It said such a downgrade, to AA, would occur if the agency sees smaller reductions in spending than Congress and the administration have agreed to make, higher interest rates or new fiscal pressures during this period.
"In its statement, S&P said that it had changed its view 'of the difficulties of bridging the gulf between the political parties' over a credible deficit reduction plan.
"S&P said it was now 'pessimistic about the capacity of Congress and the administration to be able to leverage their agreement this week into a broader fiscal consolidation plan that stabilizes the government's debt dynamics anytime soon.'"
Frances Fox Piven, a co-formulator of the notorious Cloward-Piven strategy for fundamentally transforming (destroying) America, should be proud.
But some of us have been warning what the Age of Obama would really be all about.
For example, Nancy Coppock.
On February 7, 2009 (more than a year before the ominous Obamacare was enacte), in "The Cloward/Piven Strategy of Economic Recovery" (www.americanthinker.com/2009/02/the_clowardpiven_strategy_of_e.html), Coppock presciently warned:
"Using borrowed money for a band-aid bailout of the economy should seem backwards to most people. However, it likely is a planned strategy to promote radical change. Those naively believing that President Obama is simply rewarding his far-left base, and will then move to the political center, must wise up.
"The assumption that Obama will need the nation to prosper in order to protect the 2010 mid-term election incorrectly assumes that he esteems free market capitalism. He does not. Rather than win through superior ideas and policies, the Democrat plan for success in the mid-term elections is to win by destroying political opposition.
"Obama adheres to the Saul Alinksy Rules for Radicals method of politics, which teaches the dark art of destroying political adversaries. However, that text reveals only one front in the radical left's war against America. The Cloward/Piven Strategy is another method employed by the radical Left to create and manage crisis. This strategy explains Rahm Emanuel's ominous statement, 'You never want a serious crisis to go to waste.'
"The Cloward/Piven Strategy is named after Columbia University sociologists Richard Andrew Cloward and Frances Fox Piven. Their goal is to overthrow capitalism by overwhelming the government bureaucracy with entitlement demands. The created crisis provides the impetus to bring about radical political change.
"According to Discover the networks.org: 'Rather than placating the poor with government hand-outs, wrote Cloward and Piven, activists should work to sabotage and destroy the welfare system; the collapse of the welfare state would ignite a political and financial crisis that would rock the nation...' [Emphasis added.]
"Making an already weak economy even worse is the intent of the Cloward/Piven Strategy. It is imperative that we view the American Recovery and Reinvestment Plan's spending on items like food stamps, jobless benefits, and health care through this end goal. This strategy explains why the Democrat plan to 'stimulate' the economy involves massive deficit spending projects. It includes billions for ACORN and its subgroups such as SHOP and the Neighborhood Stabilization Program. Expanding the S-Chip Program through deficit spending in a supposed effort to 'save the children' only makes a faltering economy worse.
"If Congress were to allow a robust economy, parents would be able to provide for their children themselves by earning and keeping more of their own money. Democrats, quick to not waste a crisis, would consider that a lost opportunity.
"The Cato Institute reports that the plan will harm a faltering economy, intentionally causing increased job losses leading to increased demands for the aforementioned programs. Even the jobs to be created are set apart to render social justice, not economic revival. Robert Reich believes new infrastructure jobs should not go to white construction workers. Meanwhile, workers at Microsoft, IBM, Texas Instruments, and the retail market find themselves experiencing the life of the welfare poor.
"If highly educated and trained workers continue to lose jobs and business falters as a whole, where will these jobless workers go? Could this be construed as revolutionary social reorganization that puts the underachiever above the achiever? Where is the future economic strength when jobless professionals collect welfare and unemployment while dreaming of a minimum wage job? For whites, there's not even the hope of a good paying construction job.
"Because these programs are financed with deficit spending, the effect of the Cloward/Piven Strategy becomes doubly destructive. Talk about a perfect storm! The Democrat stimulus plan is a mechanism whose goal is the destruction of the traditional American way of life. It is bitter irony that the American taxpayer will actually fund the destruction of his own ability to live according to the values of our Founding Documents. It is not alarmist to identify this situation as a coup d'etat.
"As the flow of money from the top of the economy dries up, job losses and mortgage busts will mount exponentially. The Democrat stimulus plan provides for welfare expansion but not for a robust economy that creates high paying jobs. Is this what Obama means when he warns, 'It's going to get worse before it gets better?' If we are not bailing out corporate America so they can regain profitability, we must conclude Obama is working toward another end goal. Recognizing these attack methods reveals the only logical response -- an unwavering wall of 'No!'"
It's no surprise that food stamps are up more than 30% in two years.
Even before Election Day 2008, James Simpson, in "Barack Obama and the Strategy of Manufactured Crisis" (September 28, 2008) sagaciously warned:
"America waits with bated breath while Washington struggles to bring the U.S. economy back from the brink of disaster. But many of those same politicians caused the crisis, and if left to their own devices will do so again.
"Despite the mass media news blackout, a series of books, talk radio and the blogosphere have managed to expose Barack Obama's connections to his radical mentors -- Weather Underground bombers William Ayers and Bernardine Dohrn, Communist Party member Frank Marshall Davis and others. David Horowitz and his Disover the Networks.org have also contributed a wealth of information and have noted Obama's radical connections since the beginning.
"Yet, no one to my knowledge has yet connected all the dots between Barack Obama and the Radical Left. When seen together, the influences on Obama's life comprise a who's who of the radical leftist movement, and it becomes painfully apparent that not only is Obama a willing participant in that movement, he has spent most of his adult life deeply immersed in it.
"But even this doesn't fully describe the extreme nature of this candidate. He can be tied directly to a malevolent overarching strategy that has motivated many, if not all, of the most destructive radical leftist organizations in the United States since the 1960s."
"As a young attorney in the 1990s, Barack Obama represented ACORN in Washington in their successful efforts to expand Community Reinvestment Act (CRA) authority. In addition to making it easier for ACORN groups to force banks into making risky loans, this also paved the way for banks like Superior to package mortgages as investments, and for the Government Sponsored Enterprises Fannie Mae and Freddie Mac to underwrite them. These changes created the conditions that ultimately lead to the current financial crisis. Did they not know this would occur? Were these smart people, led by a Harvard graduate, unaware of the Econ 101 concept of moral hazard that would result from the government making implicit guarantees to underwrite private sector financial risk? They should have known that freeing the high-risk mortgage market of risk, calamity was sure to ensue. I think they did.
"Barack Obama, the Cloward-Piven candidate, no matter how he describes himself, has been a radical activist for most of his political career. That activism has been in support of organizations and initiatives that at their heart seek to tear the pillars of this nation asunder in order to replace them with their demented socialist vision. Their influence has spread so far and so wide that despite their blatant culpability in the current financial crisis, they are able to manipulate Capital Hill politicians to cut them into $140 billion of the bailout pie!
"God grant those few responsible yet remaining in Washington, DC the strength to prevent this massive fraud from occurring. God grant them the courage to stand up in the face of this Marxist tidal wave."
For an illuminating and detailed discussion and a flow chart that capture the significance of Barack Obama's Radical Left connections and his relation to the Cloward Piven strategy, please read Simpson's article.
Thanks be to God--and the Tea Party, Obama no longer has control of Congress and there is real hope for a change back to the traditional American values that made America exceptional.
Michael J. Gaynor has been practicing law in New York since 1973. A former partner at Fulton, Duncombe & Rowe and Gaynor & Bass, he is a solo practitioner admitted to practice in New York state and federal courts and an Association of the Bar of the City of New York member.
Gaynor graduated magna cum laude, with Honors in Social Science, from Hofstra University's New College, and received his J.D. degree from St. John's Law School, where he won the American Jurisprudence Award in Evidence and served as an editor of the Law Review and the St. Thomas More Institute for Legal Research. He wrote on the Pentagon Papers case for the Review and obscenity law for The Catholic Lawyer and edited the Law Review's commentary on significant developments in New York law.
The day after graduating, Gaynor joined the Fulton firm, where he focused on litigation and corporate law. In 1997 Gaynor and Emily Bass formed Gaynor & Bass and then conducted a general legal practice, emphasizing litigation, and represented corporations, individuals and a New York City labor union. Notably, Gaynor & Bass prevailed in the Second Circuit in a seminal copyright infringement case, Tasini v. New York Times, against newspaper and magazine publishers and Lexis-Nexis. The U.S. Supreme Court affirmed, 7 to 2, holding that the copyrights of freelance writers had been infringed when their work was put online without permission or compensation.
Gaynor currently contributes regularly to www.MichNews.com, www.RenewAmerica.com, www.WebCommentary.com, www.PostChronicle.com and www.therealitycheck.org and has contributed to many other websites. He has written extensively on political and religious issues, notably the Terry Schiavo case, the Duke "no rape" case, ACORN and canon law, and appeared as a guest on television and radio. He was acknowledged in Until Proven Innocent, by Stuart Taylor and KC Johnson, and Culture of Corruption, by Michelle Malkin. He appeared on "Your World With Cavuto" to promote an eBay boycott that he initiated and "The World Over With Raymond Arroyo" (EWTN) to discuss the legal implications of the Schiavo case. On October 22, 2008, Gaynor was the first to report that The New York Times had killed an Obama/ACORN expose on which a Times reporter had been working with ACORN whistleblower Anita MonCrief.