From American Thinker:

“I think I have it figured out, roughly. And I’m ready to assign blame. If my narrative is not exactly true, it is a hypothesis that appears to fit the facts. This particular hypothesis is conspiracy-free, although I still think something is really fishy about the timing of the financial crisis, peaking as it did just when McCain started leading in the polls. But until we see some smoking guns, no conspiracy theory from me.”

http://www.americanthinker.com.....e_e_1.html

The article discusses root causes of the economic “crisis”, not PR’s Soros explanation for the otherwise multiple once-in-three-lifetime “coincidences” of Sept / Oct 2008. The author’s (Randell Hoven’s) anaylsis is clear and compelling, given that mainstream journatists have never asked a single question about the most important series of events to impact our country since the World Wars and Great Depression. (I say mainstream journalists, because Hoven and other conservative pundits have no access whatsoever to the key players. Only mainstream journalists have the necessary access.)

Here are Mr. Hoven’s key points:

“What we have is a four-tiered avalanche.

Tier 1. The US housing market was a bubble that burst, which can be blamed mostly on Democratic politicians.

Tier 2. That led to a global financial crisis because so many investment and insurance firms around the world traded in mortgage-backed derivatives that no one understood. The blame for this part is complicated; more below.

Tier 3. That financial crisis led to an over-reaction on the part of politicians. The TARP legislation in the US in particular provided the double-whammy of being largely ineffective in its own right, and signaling to investors everywhere that it is time to panic. Blame this on just about everyone in charge or wanting to be in charge: Treasury Secretary Paulson, Fed Chairman Bernake, President Bush, both presidential candidates and both parties in Congress (but mostly Democrats).

Tier 4. And that led to the political meltdown in the US, in which a socialist agenda is being implemented as quickly as possible, in the name of crisis management. Blame this one on the Democrats and the people who vote for them.”

My only argument with his thesis, is that he seems unaware that Tier 2 (mortgage backed derivatives) was also pushed by liberals who encouraged the investment banks to disguise the toxic assets in complex investment packages. Kind of like a shell-game, donchaknow. Like most else with this “crisis”, that was also a conscious, deliberate, criminal action by Democrats in Congress, not a random coincidence.

There is also one other major factor Mr Hoven has overlooked.

The Fed under the direction of Alan Greenspan (married to ultra-left loonie Andrea Mitchell) kept interest rates artificially low in the early 2000′s which exacerbated the bad-loan frenzy, and fostered the something-for-nothing climate that helped create the credit bubble. Some observor’s think that was the most important factor. I think it is one of many, but I find it curious that Mr. Greenspan, who the world thought was the greatest financial genius ever (before the Moron, of course), would do something that in retrospect aligned perfectly with ultra-left loonie spread-the-wealth thinking. Maybe that is another amazing coincidence, huh?

(the preceding is a completely smart-aleck, sarcastic comment intended to raise the ire of all liberal democrats…especially a certain type thereof)

I do believe he’s inserted something into it……..but I’ve never heard it referred to as a “monkey wrench” before.

A machine our fearless leader has inserted a gigantic monkey wrench into. I love my country but I fear my government.

10-7

Coming from a post-communist Poland, my wife and I are used to frugal living and can tell the difference between the wants and the needs and spend our money accordingly. We believe that material possesions do not denote a person’s worth and keeping up with the Joneses is not our way of living. We do not need things to make us happy, nor we need gadgets and gizmos to fill a void in our life together.

Those of us who know how to live, what my mom use to call frugally, will do it in spades. And the investing is going to take even more of a dive – as people won’t want to ‘risk’ their money in a place that the Administration is demonizing daily – funny during Reagan the Dems protested some idea/statement Reagan made with the comeback – But the people are behind Wall Street – the Dems can’t help lying to save their lives, it obviously is just they way they are.

So me and mine will survive – we are having a good year – but we know how to survive on much, much less. We will just make do with what we have until the 1411 dark days of The One ™ are past and we can once again walk in sanity, rationality and the light.

We’re hunkering down, have 6 months of provisions and taking a “hiatus”. Not going to contribute my tax dollars to this nonsense.

Those “who’ve behaved badly” can fail on their own dime now, or any other suckers who want to keep producing for their cause.

Count me out, but not down!

OBAMA: You know, I have more than enough to do without having to worry about the financial system.

Let’s see. Doctors used to purportedly heal people by blood-letting, too. Today, we know enough not to let too much of that red stuff leak out.

Is there a lesson here, or what??!!

But there is no question he has been used as a puppet to advance the The Moron’s handlers.

Look at his inane comments now:

- “people that behaved well are no doubt going to find themselves taking care of the people who didn’t behave well”
- “What is required is a commander in chief that’s looked at like a commander in chief in a time of war” as a supporter of The Moron
- “he doesn’t regret writing a commentary in the fall encouraging people to buy U.S. stocks”
- “stands by his overall advice ”
- “doesn’t regret investing $8 billion of Berkshire’s money”

He is obviously clueless that the game has just been smashed to smeetherines by the new ruling class.

The man has clearly become senile.