The Obama Economic Medicine, Triage or Euthanasia?

Posted on Thu 03/12/2009 by

2


Let’s welcome a new writer. Leave comments. Thanks  —ed

By MJMotley

While it is true that we are as yet far from reaching the deprivations, experienced during the Great Depression, more press conferences by Obama and Geithner may yet land us there. The Great Depression has been on the lips of many talking heads of late and it has me thinking about the similarities to today. The policies set forth by Team Obama have not yet reassured the markets that we will avoid such a fate. Indeed it is almost as if they are trying to convince the markets and us, of its inevitability.

Why, one might ask, would it be in the interest of the administration to foment such doom & gloom amongst the masses? My reflection on this question and its possible answers, did little to comfort my fears of what I have for some time suspected was Obama’s real objective once he secured the presidency. The clues to his true intent are there to be found, in what little of his past is made available to us.

But let us first explore those similarities in common with the Great Depression and address the possible motivations thereafter.

(Then) On October 29th 1929 the DJIA (Dow Jones Industrial Average) began its long decline with a 12% sell off. It would eventually bottom out on July 8th1932 with cumulative market loss of 89%.

(Now) The DJIA hit its 52 week high of 13191.49 on May 2nd 2008 and as of March 6th 2009 settled at 6626.94, for a loss of just under 50% in less than a year, sobering indeed. 23.4% of which losses occurred since Obama took office.

(Then) Peak unemployment of 24.9% during the Great Depression was reached in 1933 after nearly 4 years Keynesian economic policies. (Now) The latest unemployment number to come out is 8.1%, far short from what was experienced then. But that is only 44 days into a Keynesian philosophical resurgence in the White House. Time will tell.

(Then) From ’29-’33 GNP (Gross National Product) dropped by 31.1%. With the advent of multi-national corporations we now measure GDP (gross domestic product) instead, so the comparatives are left a little wanting. (Now) None the less the projected GDP drop for ’09 is 5.4% (11.7% in ’30) and as projections tend to be rosier than actuality, I will assume that we are roughly on pace with the ’29-’33 period even given the difference in measurements.

The crash of ’29 was also preceded by a real-estate bubble that burst in ’25. Its direct correlation to the crash however is unclear to me due to the 4 year lag time. The difference between then and now may be the instantaneous nature of today’s markets, or the “mark to market” rules in place today. My knowledge of economics is insufficient to make that determination.

It is worth noting the one aspect that mirrors ’29 &’09. It is the collapse of confidence in our institutions, the rise of cynicism and the distinct rise in class consciousness due to the immense gap between the haves and have-nots, or even the have-some’s for that matter. There can be no doubt of the similarity in the mood by the public of the “robber-barons” and the “golden-parachutists” of today.

However when Reagan came into office unemployment was 10.8% and interest rates were at 16%, certainly bleaker than what we see today. How did Reagan react to these conditions? He sought to infuse confidence in the American populace with phrases like “morning in America” & “shining city on a hill.” He wanted to dispel the sense of hopelessness that Carter described in “The symptoms of this crisis of the American spirit are all around us.” Reagan did not desire to reshape America’s fundamental nature, he merely wished to unfetter it from the heavy yolk of an overbearing government. Those of us old enough to remember, recall his famous line… “Government is not the solution to our problems, government is the problem.

Compare this with Team Obama’s mantra of imminent ruin over the last 2 years, Obama, a man of substantial intelligence undoubtedly must be aware of the weight the Commander in Chief’s words have on the general public. Team Obama and his supporters are fond of comparing him to FDR, yet he offers nothing akin to the rhetoric like “The only thing we have to fear, is fear itself.” All we hear from Obama & his minions are words like “crisis” and “catastrophe“. Politics is a closely studied art, and Obama has been quite the adept student. These practiced & repeated dark statements are surely meant to serve a purpose. If so, what pray tell is he up to?

From the architect of community organizing, Saul Alinsky, we have these illustrative words to give us a hint,…”There’s another reason for working inside the system. Dostoevski said that taking a new step is what people fear most. Any revolutionary change must be preceded by a passive, affirmative, non-challenging attitude toward change among the mass of our people. They must feel so frustrated, so defeated, so lost, so futureless in the prevailing system that they are willing to let go of the past and change the future. This acceptance is the reformation essential to any revolution.” This is a telling little tidbit Mr. Alinsky left for his disciples. Keep in mind Barack and Michele’s verbiage on the campaign trail as you read that second to last sentence.

And if “a passive, affirmative, non-challenging attitude” isn’t Mr. Obama personified, what is? And that of course is the question. Who is Barack Obama really and what is really he up to?

His Illinois State Senate records and Schedule of Meetings is, “not available”. His application, transcripts, indeed all his papers from Columbia are sealed by faculty. The same is true of Occidental College, and though he was chair of the Harvard Law Review we have none of his transcripts, writings or any documents pertaining to his time as such. His Selective Service registration, “not released”. Even his client list while at Davis, Miner, Barnhill & Galland is, “not released”.

And who, with nothing to hide, would spend $800k to fight multiple (9 & counting) lawsuits across the country rather than simply produce a vault copy of his birth certificate? I have no idea if the man was born in Hawaii or not, but really, why go to such expense when the alternative should be so simple to satisfy. Why?

Now I know that the millennial generations’ eyes will glaze over upon hearing the word communist, as if the struggle against the Soviets were but child’s lore about ogres. But operations by the Comintern and their subsidiaries were numerous and far reaching in trying to undermine their nemesis, the capitalist west. But lest anyone doubt the veracity of the depths of Soviet subterfuge during the cold war, I offer The Mitrokhin Archive as recommended reading. Some of the things found there-in are every bit as wild as the CIA’s attempts to off Castro.

With that said, what we do know about Obama is that from his earliest days he has been immersed in a socialist & communist friendly environment. That since adulthood he has actively sought out socialist & communist elements to team up with to further their agenda, and his career. Throughout Obama’s campaign and among his various allies one finds an inordinate number of former communist SDS/Weatherman whose organization was demonstrably funded by the former USSR:

W. Ayers… an admitted communist, whose connection with Obama was minimized by the press. Other members of the SDS/Weathermen (later named MDS) had no less than 6 other members directly tied to Obama’s election effort, and were outright ignored by the press.

Marilyn Katz…head spokesperson for the campaign in Chicago. SDS/Weathermen

Carl Davidson and Mike Klonsky, joined Todd Gitlin & Mark Rudd at Progressives for Obama after their discovery inside Obama’s campaign running his on-line operations. All SDS/Weathermen

Wade & Dale Rathke… Wade who founded ACORN, the organization who toiled endlessly to commit voter fraud. Dale who was treasurer, later absconded with millions of ACORN’s funds. Wade however kept that secret from ACORN for 2 years and to date no repercussions from the embezzlement have yet ensued. Both SDS/Weathermen

Frank Marshall Davis…the “Frank” from Dreams of my father and Obama’s mentor in Hawaii. The former editor of the Chicago Star, a communist publication from the south side of Chicago and a major functionary within the CPUSA. It is in all likely-hood that it is F.M. Davis’ extensive contacts in Chicago that made it an attractive place for Obama to launch his career.

State Sen. Alice Palmer… was an attendee to the 27th Congress of the Communist Party of the Soviet Union as well as a contributor to the communist publication, the Peoples World Daily. Sen. Palmer hand-picked Obama to run for her seat when she thought about pursuing a higher office. When she reconsidered, Obama had her name removed from the ballot on a legal technicality. Taking people off the ballot before voters get to choose their candidate is something of a specialty of Mr. Obama’s.

Raila Odinga…former presidential candidate in Kenya who campaigned on the promise of the institution of Sharia Law. Odinga was educated in East Germany and is suspected of being trained in subversion tactics by the Stasi. Not hard to believe as he was jailed for ten years in ’82 for his participation in an attempted communist coup d’ état after his return to Kenya. Despite these unsavory facts Obama actively campaigned for his cousin Odinga, video here.

Unions …SEIU, the largest single contributor ($26M) to Obama’s presidential campaign has on its Executive Board several former members of SDS/Weathermen. Top of the list would be Andy Stern president of SEIU, But other members on the union board include, Mark Rudd, Todd Gitlin and Tom Hayden. AFSCME’s Paul Booth, special assistant to the union president Gerald McEntee. Mr. Booth is rumored to be Mr. McEntee’s successor, if he doesn’t land a better spot with Secretary Sebelius with who he is a close associate. Also all (except Sebelius & McEntee) former SDS/Weathermen.

Barack Obama Sr…. Minister of Transportation and Sr. economist for the socialist government of Kenya. Sr. was demoted and then expelled after publishing an Op-Ed and publicly ridiculing his peers for, as he perceived, their lack of socialist purity and Marxist ardor.

FBI and Congressional testimony confirming these associations and their affiliation to the Communist Party can be found here and here.

With Obama’s leanings established by his alliances and a voting record that is to the left of our only elected socialist (Bernie Sanders), we can reasonably project in which direction he wishes to lead us. How can he accomplish this task that is typically antithetical to the American character? The answer is, through creating the impression of impending doom and despair, then to create an economic reality to match so as to achieve Alinsky’s stated goal of,… “They must feel so frustrated, so defeated, so lost, so futureless in the prevailing system that they are willing to let go of the past and change the future. This acceptance is the reformation essential to any revolution.”

Within the “stimulus package” and budget plans there appears to be nothing that will resuscitate our capitalist economy. The bulk of the spending is directed towards reinforcing the constituent liberal base that put him in power. And according to many economists, the current fiscal plan is directly counter-productive to economic recovery. As recently noted by Jonah Goldberg….Numerous commentators, including me, have pointed to this never-waste-a-crisis mantra as ideological evidence that Obama’s budget priorities are a great bait-and-switch. He says he wants to fix the financial crisis, but he’s focusing on selling his long-standing liberal agenda on healthcare, energy and education as the way to do it, even though his proposals have absolutely nothing to do with addressing the housing and toxic-debt problems that are the direct causes of our predicament. Indeed, some — particularly on Wall Street — would argue that his policies are making the crisis worse”.

History has shown that to impose upon individuals that which is deemed necessary for the collective good requires a degree of authoritarianism to accomplish. It is implicit in Michelle’s UCLA speech on 2/20/08…”Barack Will Never Allow You to Go Back to Your Lives as Usual.” And, “Barack Obama will require you to work. He is going to demand that you shed your cynicism. That you put down your divisions. That you come out of your isolation, that you move out of your comfort zones. That you push yourselves to be better. And that you engage. Barack will never allow you to go back to your lives as usual, uninvolved, uninformed..”. Demanding and not allowing are blatantly authoritarian in their very essence.

History also shows us that when we answer economic despair with authoritarian measures, tyranny is likely to follow. We see this here:

Judith Levin on Chavez.

On 06 December 1998, running on a populist platform of anti-corruption and pro-welfare reform, Chávez won the election with a 56.2% electoral margin, which was notably one of the largest margins in decades in Venezuela. When Chávez took power on 02 February, 1999, more than 80% of the population was living in poverty, so it is not surprising that promises of a redistribution of wealth was popular with a large number of poor Venezuelans.”

A.Lehmann, writing on the rise of Stalin.

Parallel to this process within the working class there was a process of radicalization among the different strata of the petit-bourgeoisie. The peasants were plunged into debt, reduced to poverty, and in some places, resorted to terrorist actions. The shop keepers felt the twin blows of the impoverishment of the masses and of the competition from the big stores and co-operatives. Intellectuals disorientated by uncertainty about what tomorrow might bring, students without a future, declassed ex-officers, all began to turn to adventurist ideas. White-collar workers – proletarianized and struck down by unemployment, redundant functionaries – also showed themselves to be ready to be mobilized by radical demagogy. A vague and Utopian anti-capitalism grew up among these heterogeneous strata dispossessed by the grande bourgeoisie.”

From the Economist on A. Hitler,

On August 2, 1934 Adolf Hitler became sole ruler of Germany. He rose to power by forging a mass movement that exploited the social economic and political conditions of post World War I Germany.”

If all this strikes you as hyperbolic paranoia, just read below and ask yourself if this doesn’t seem eerily familiar to you?

From TheHistoryPlace.com,

When the stock market collapsed on Wall Street on Tuesday, October 29, 1929, it sent financial markets worldwide into a tailspin with disastrous effects.

The German economy was especially vulnerable since it was built out of foreign capital, mostly loans from America and was very dependent on foreign trade. When those loans suddenly came due and when the world market for German exports dried up, the well oiled German industrial machine quickly ground to a halt.

As production levels fell, German workers were laid off. Along with this, banks failed throughout Germany. Savings accounts, the result of years of hard work, were instantly wiped out. Inflation soon followed making it hard for families to purchase expensive necessities with devalued money.

Overnight, the middle class standard of living so many German families enjoyed was ruined by events outside of Germany, beyond their control. The Great Depression began and they were cast into poverty and deep misery and began looking for a solution, any solution.

Adolf Hitler knew his opportunity had arrived.”