Posted by CrabbyCon on June 17, 2009 · Leave a Comment
Obama wants his unprecedented historic power grab before he leaves office and the crisis window is closing soon. Obama’s plan Wednesday will officially call for the supervision of global financial firms through supervisory colleges.
The Obama administration this week will propose the most significant new regulation of the financial industry since the Great Depression, including a new watchdog agency to look out for consumers’ interests.
Under the plan, expected to be released Wednesday, the government would have new powers to seize key companies — such as insurance giant American International Group Inc. — whose failure jeopardizes the financial system. Currently, the government’s authority to seize companies is mostly limited to banks.
But critics say the easing of the financial crisis that gripped the country last year appears to have reduced the momentum for some of the most far-reaching proposals, such as merging several banking regulatory agencies.
The administration’s move to seize greater power over the financial industry is quite frankly… making me seize. This is so incredibly unconstitutional and will completely crush the economy. The banks are already too tight on lending and Obama wants to regulate them more – makes tons of sense!/sarc. Too many regulations on the free market make it completely dysfunctional – can we not let capitalism work? Why is it that difficult?
What’s worse? This new push for regulation will also give the Federal Reserve additional power and control. The Federal Reserve, as many of us already realize, has been behind many of the economic collapses/recessions in this country, since it’s creation in 1913.
The Federal Reserve, already arguably the most powerful agency in the U.S. government, will get sweeping new authority to regulate any company whose failure could endanger the U.S. economy and markets under the Obama administration’s regulatory overhaul plan.
Just what we need, an entity accountable to no one, not even an auditing agency…
To understand Obama’s intentions we could also take a look back at his G20 plan from a couple months prior:
The Financial Stability Board then has the international authority to set policies in these corporations, including compensation packages the private boards of directors in the examined companies decide to pay top executives and senior managers.
Morris charged that the Obama administration, by agreeing to create the Financial Stability Board, has gone beyond nationalizing U.S. corporations, to “internationalize” U.S.-based corporations under the control of this new global regulator.
While the G20 focused on regulating risks in hedge funds and derivatives, the authority of the Financial Stability Board extends to any banking, brokerage or business practice by a major U.S. corporation that the Financial Stability Board on its own authority determines is unduly risky.
Under the premise that the IMF and the Financial Stability Board would have the ability to make loans to important U.S. corporations, the IMF and the Financial Stability Board become the effective global regulators over the corporate world, superseding all U.S. governmental authorities, including the Federal Reserve, the U.S. Treasury, the Federal Deposit Insurance Corporation and a host of corporate regulators, including the U.S. Department of Commerce and the U.S. Department of Labor.
So Obama says no meddling in Iran but, we can meddle in Capitalism around the globe…? Huh?
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Filed under Constitution, Double Standards, Economy, Foreign Affairs, G20 Summit, Obama, Obama Administration, Socialism, Treasury, Wall Street · Tagged with Constitution, Double Standards, Federal Reserve, Marxism, Obama, Obama Administration, Regulation, Socialism, Treasury
Posted by CrabbyCon on May 29, 2009 · Leave a Comment
The black panthers who were brought up on charges from last November’s election in Philadelphia were exonerated today at the behest of Obama and his administration. The Black Panthers on Nov. 4th, if you recall, were standing at a polling station outside the doors with billy clubs threatening voters and blocking off the entrance to allow individuals, obviously voting for Obama, to continue voting multiple times inside the station. Many other individuals were intimidated and scared away by the threats.
I’m not sure about you but that doesn’t sound like a free and fair election to me! could you imagine if there were white men in uniforms doing the same thing? Yeah that’s what I thought… We are in the twilight zone and I’m starting to get scared.
Maybe this quote will scare anyone unaware of what is going on:
“..one of the panthers turned toward the white poll observers and said “you are about to be ruled by the black man, cracker.”..”
That isn’t unlikely, coming from Baltimore and living in a section of the city where when voting for Bush two elections ago, my ex-boyfriend and I were probably the only ones voting for the guy and I have been called that lovely slang term before; “cracker.” But I guess because I’m a white female I should just shut up and deal with it…
“Here’s the vid of billy club-wielding ‘security’ guards at the 1221 Fairmount Ave. polling place in Philly from Election Journal. Just as I suspected, these guys look like NBPP [New Black Panther Party] from the emblem on one of the ‘guard’s’ jackets.
Maybe this is what Barack Obama was talking about when he proposed a Civilian Security Force.”
Video at link from Michelle Malkin in November:
http://www.youtube.com/watch?v=7DQAOZlNrO8
More Videos of the event found here.
So what exactly is the story being reported?
The charges stemmed from an incident at a Philadelphia polling place on Election Day when three members of the party were accused of trying to threaten voters and block poll and campaign workers by the threat of force – one even brandishing what prosecutors call a deadly weapon.
The three black panthers, Minister King Samir Shabazz, Malik Zulu Shabazz and Jerry Jackson were charged in a civil complaint in the last days of the Bush administration with violating the voter rights act by using coercion, threats and intimidation. Shabazz allegedly held a nightstick or baton that prosecutors said he pointed at people and menacingly taped it. Prosecutors also say he “supports racially motivated violence against non-blacks and Jews.”
The Obama administration won the case last month, but moved to dismiss the charges on May 15.
The complaint says they hurled racial slurs at both blacks and whites.
A poll watcher who provided an affidavit to prosecutors in the case noted Democrat Bartle Bull, who worked as a civil rights lawyer in the south in the 1960′s and is a former campaign manager for Robert Kennedy, said it was the most blatant form of voter intimidation he had ever seen.
In his affidavit, obtained by FOX News, Bull wrote “I watched the two uniformed men confront voters and attempt to intimidate voters. They were positioned in a location that forced every voter to pass in close proximity to them. The weapon was openly displayed and brandished in plain sight of voters.”
And who pray tell is Malik Shabazz?
From the Louis Farrakhan, Nation of Islam website, FinalCall.com…
Malik Zulu Shabazz, chairman of the New Black Panther Party for Self-Defense (NBPP):
“We are happy today to be standing side by side with the Nation of Islam. We believe, like the Nation of Islam and the Honorable Elijah Muhammad believe, in a nation of our own. We believe in a Black first philosophy and a Black Liberation Theology. We don’t worry about the criticism. We love all of those who labored in the Panther Party from the ’60s. Many are with us today.”
And the Black Panthers are closely aligned with Black Liberation (Jeremiah Wright) and the manifesto of the Weather Underground – believers in Marxist philosophy (Bill Ayers)… coincidence? I think not.
“Their founding document [the Weather Underground's] called for the establishment of a “white fighting force” to be allied with the “Black Liberation Movement” and other “anti-colonial” movements[1] to achieve “the destruction of US imperialism and the achievement of a classless world: world communism.”…”-Berger, Dan (2006). Outlaws of America: The Weather Underground and the Politics of Solidarity. AK Press, 95.
Are Eric Holder’s positions and dismissals of FALN and other organizations that have similar philosophies a coincidence as well?
I say bring your own billy clubs and bats with you for the 2010 elections – anyone who leans right, is an independent, conservative, libertarian, conservative democrat, or just believes in freedom, liberty, the United States, and its founding principles needs to stand up and stop remaining silent! Freedom isn’t free!
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Filed under Constitution, Corruption, Double Standards, Obama, Obama Administration, Socialism · Tagged with Bill Ayers, Black Liberation, Black Panthers, Constitution, Corruption, Double Standards, Eric Holder, Jeremiah Wright, Marxism, Obama, Obama Administration, Socialism, Weather Underground
