Is this really the best way to climb out of this economic pit we find ourselves in?... and next time , maybe we could elect a pro capitalist.....just sayin....

http://www.silobreaker.com/obama-attack ... 1257590784
http://www.timesonline.co.uk/tol/news/w ... 997681.ece
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The senator also said he expects Obama to use the Jan. 27 nationally televised address before Congress to embrace creation of a commission that would suggest spending cuts and tax increases that Congress would be forced to vote on. Bayh met this week with Treasury Secretary Timothy F. Geithner, Vice President Joe Biden and U.S. Office of Management and Budget Director Peter Orszag to discuss such a commission.
Bayh said he doubts Congress would approve establishment of such an independent panel, and that Obama would have to set it up by executive fiat.
Getting the 60 votes likely needed for Senate passage of a bill to create the commission “will be very hard,” said Bayh, a second-term Democrat who will face voters in this fall’s midterm elections. He said that as a result, he expects Obama to “then come forward with an executive commission which is not as good, but is at least there’s a step in the right direction.”
http://www.bloomberg.com/apps/news?pid= ... pJ5uNs8bNc
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LONDON/PARIS (Reuters) – Major European economies offered support on Friday for U.S. President Barack Obama's plan to limit banks' size and trading activities but indicated they had no plans to follow suit.
Obama's dramatic proposals could rewrite the world financial order but experts said they were light on detail and could cloud the global approach fostered by the Group of 20 nations.
The European Union will not imitate Obama's plan, because it aims to reduce risk in the sector through other means, an EU source said on Friday.
"Look, we understand the U.S. position and we understand his reasons. But I can't see the EU going down this route," the source, who is close to EU financial policymaking, told Reuters.
"The U.S. finds itself a little behind us on this. The Obama plan is not fit for the purpose in the EU."
Obama made his proposals on Thursday, saying he was ready to fight resistance from Wall Street banks he blamed for helping cause the global financial crisis.
The plan would prevent banks from investing in, owning or sponsoring a hedge fund or private equity fund.
It would set a new limit on banks' size in relation to the overall financial sector and, perhaps most dramatically, could also bar institutions from proprietary trading operations, which are unrelated to serving customers, for their own profit.
Proprietary trading involves firms making bets on markets with their own money and has been the source of much of banks' bumper profits before and after the financial crisis.
French Economy Minister Christine Lagarde welcomed the proposal, saying it was a "very, very good step forward."
UK Treasury Minister Paul Myners said Britain already had acted to address problems in its banking industry.
"He's developing a solution to what he sees as the American issues, we've already taken the necessary action in the UK," Myners said in an interview with Reuters Insider TV.
But Britain's opposition Conservatives, tipped by polls to win an election to be held by June, offered more solid support.
"President Obama has created a lot of space for the rest of the world to come up with what I think would be a sensible system of international rules," Conservative finance spokesman George Osborne told BBC Radio.
"I have said consistently that we should look at separating retail banking from activities like large-scale propriety trading and that this was best done internationally."
DOUBTS REMAIN
Doubts remain as to whether Obama's scheme can be enacted unchanged, not least since his party lost a key Senate seat this week, depriving it of a "super majority" in that house.
But it will strike a popular chord.
Banks' return to paying massive bonuses has prompted public and media outrage in the United States and Europe after taxpayer money was used to bail out many of them.
Wall Street sold off on Thursday and the threat that other countries will follow Obama's lead rattled European lenders.
The EU source, who declined to be named, said the 27-nation bloc would focus on raising banks' capital requirements and tightening financial regulation, pursuing initiatives already under way in the European Parliament.
"The Obama plan is really back to the future. These sort of plans were implemented after the Great Depression and then taken away in the '60s. He is sort of reinstating the same plans to deal with this crisis," the source said.
"What is key to remember is that the U.S. is one market, the EU is 27 markets and we are trying to encourage cross-border financial services and more importantly consolidation in both national and trans-national markets. The Obama plan would be anti-competitive in EU terms."
The source said most top banks in the world were American or had roots there, so it was understandable that Obama wanted to curb their size.
"The EU does not have so many 'too big to fail' institutions, to be honest. Also, we have already started restructuring of our banks, forcing them to downsize, sell off units and open up to newcomers."
WILL IT FLY?
Washington will have to gain worldwide support for its measures or risk international banks fleeing its shores.
In September, a summit of Group of 20 leaders hosted by Obama called for crackdowns on bankers' bonuses and a build-up in banks' capital.
But while there are still signs of international intent, different centers are increasingly pursuing different paths.
An official involved in the global regulation process said many in Europe were caught on the hop.
"Everybody was coordinating their work through the G20, the Financial Stability Board and the Basel Committee," the official said. "Nobody knows the details or whether other countries may follow. This is creating regulatory confusion."
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Obama embraced many of Alinsky's tactics and recently said his years as an organizer gave him the best education of his life.
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Alinsky was a bluff iconoclast who concluded that electoral politics offered few solutions to the have-nots marooned in working-class slums. His approach to social justice relied on generating conflict to mobilize the dispossessed.
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In Artful Dodger style, Barack Obama, plays down his mentorship with Communist author Saul Alinsky. But Alinsky’s son, L. David Alinsky, credits Obama for “learning his lesson well” from the Communist guru.
Indeed, Alinsky Jr. who credits his late father for the success of last week’s Democratic National Convention, may have done something that Obama’s detractors couldn’t: blown the cover on the presidential hopeful’s communist leanings.
No one can blame Alinsky for the pretentiousness of the Ancient Greek Temple from which Obama addressed plebes, or for the tacky neon colours on display at the Pepsi Centre, but it was Alinsky who wrote Rules for Radicals, the bible of the far left.
Says Alinsky’s son L. David Alinsky of his father’s influence at the Dem Convention: “ALL the elements were present: the individual stories told by real people of their situation and hardships, the packed-to-the rafters crowd, the crowd’s chanting of key phrases and names, the action on the spot of texting and phoning to show instant support and commitment to jump into the political battle, the rallying selections of music, the setting of the agenda by the power people.”
“The Democratic National Convention had all the elements of the perfectly organized event, Saul Alinsky style, the Communist guru’s son wrote in a letter published yesterday in the Boston Globe.
The Artful Dodger may be less than pleased that he has been pegged as a Saul Alinsky Poster Boy by the guru’s own son.
“Barack Obama’s training in Chicago by the great community organizers is showing its effectiveness,” Alinsky Jr. wrote to the Globe. “It is an amazingly powerful format, and the method of my late father always works to get the message out and get the supporters on board. When executed meticulously and thoughtfully, it is a powerful strategy for initiating change and making it really happen. Obama learned his lesson well.
“I am proud to see that my father’s model for organizing is being applied successfully beyond local community organizing to affect the Democratic campaign in 2008. It is a fine tribute to Saul Alinsky as we approach his 100th birthday...
http://www.canadafreepress.com/index.php/article/4784
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"A Marxist begins with his prime truth that all evils are caused by the exploitation of the proletariat by the capitalists. From this he logically proceeds to the revolution to end capitalism, then into the third stage of reorganization into a new social order of the dictatorship of the proletariat, and finally the last stage -- the political paradise of communism." p.10
(rules for radicals)(Alinsky 1971)
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"An organizer working in and for an open society is in an ideological dilemma to begin with, he does not have a fixed truth -- truth to him is relative and changing; everything to him is relative and changing.... To the extent that he is free from the shackles of dogma, he can respond to the realities of the widely different situations...." pp.10-11
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Alinsky's tactics were based, not on Stalin's revolutionary violence, but on the Neo-Marxist strategies of Antonio Gramsci, an Italian Communist. Relying on gradualism, infiltration and the dialectic process rather than a bloody revolution, Gramsci's transformational Marxism was so subtle that few even noticed the deliberate changes.
Like Alinsky, Mikhail Gorbachev followed Gramsci, not Lenin. In fact, Gramsci aroused Stalins's wrath by suggesting that Lenin's revolutionary plan wouldn't work in the West. Instead the primary assault would be on Biblical absolutes and Christian values, which must be crushed as a social force before the new face of Communism could rise and flourish. Malachi Martin gave us a progress report:
"By 1985, the influence of traditional Christian philosophy in the West was weak and negligible.... Gramsci's master strategy was now feasible. Humanly speaking, it was no longer too tall an order to strip large majorities of men and women in the West of those last vestiges that remained to them of Christianity's transcendent God."
....and here we are , in spite of the "tea partys", the marches on D.C., the town hall meetings, the anger of the majority of the american people.....our president has vowed to "press on" until he can pass his agenda regardless of the people....
http://www.sfgate.com/cgi-bin/article.c ... 1BM9HM.DTL
http://seattletimes.nwsource.com/html/n ... obs23.html
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"An organizer must stir up dissatisfaction and discontent... He must create a mechanism that can drain off the underlying guilt for having accepted the previous situation for so long a time. Out of this mechanism, a new community organization arises....
"The job then is getting the people to move, to act, to participate; in short, to develop and harness the necessary power to effectively conflict with the prevailing patterns and change them. When those prominent in the status quo turn and label you an 'agitator' they are completely correct, for that is, in one word, your function—to agitate to the point of conflict." p.117
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ok I know its a long post.......I'm tired..........but Im just getting started......