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Obama is Dancing, But Who Calls the Tune? Jim Cramer, the liberal host of CNBC’s Mad Money TV series, has apparently "stepped in it” with some of his liberal friends. After being taken to task by New York Times columnist Frank Rich, liberal humorist Jon Stewart, and others, he wrote, "President Obama's team, unlike Bush's team, demonstrates a thinness of skin that shocks me. When I somewhat obviously and empirically judged that the populist Obama administration is exacerbating the (financial) crisis with its budget and policies, as evidenced by the incredible decline in the averages since his inauguration, I was met immediately with condescension and ridicule rather than constructive debate or even just benign dismissal.
"I said to myself, ‘What the heck? Are they really that blind to the Great Wealth Destruction they are causing with their decisions to demonize the bankers, raise taxes for the wealthy, advocate draconian cap-and-trade policies and upend the health care system? Do they really believe that only the rich own stocks? What do they think we have our retirement accounts in, CDs? Where did they think that the money saved for college went, our mattresses? Do they think the great middle class banks at the First National Bank of Sealy and only the wealthiest traffic in the Standard & Poor's 500?’ "
In referring to Obama’s budget and policies as the "Great Wealth Destruction,” Cramer had the temerity to speak truth to power. But truth is not what Obama and congressional Democrats are looking for. What they want is a frightened citizenry... a citizenry so frightened and traumatized that they will give Democrats carte blanche to impose the socialist paradise they have longed for since the days of FDR, and before.
After all, who in their right mind would demonize bankers at a time when the country needs strength and liquidity in the banking sector? Who in their right mind would raise taxes on those who provide the capital for business expansion and job creation in the middle of a recession? Who in their right mind would impose a heavy tax on energy consumption at a time when the economy needs plentiful and affordable energy supplies? Who in their right mind would take away a worker’s right to a secret ballot in union representation elections when unemployment is nearing double digits? Who in their right mind would "upend the healthcare system” at a time when our top priority must be to fix the financial industry? The short answer is that no one in their right mind would do any of these things. Obama is doing all of them.
By merely raising these questions about the Obama budget and policies... all of which are right on target... Cramer has committed the unforgivable heresy.
What Cramer has done, inadvertently, is to make it okay for conservatives and Republicans, even for a few sensible liberals and Democrats, to ask the unthinkable. He gives us permission to ask, is Obama purposely trying to destroy the American economy and the wealth of the American people? If so, why, and at whose bidding? The first name that comes to mind is George Soros.
George Soros was born Gyorgy Schwartz on August 12, 1930, in Budapest. The family name was changed from Schwartz to Soros in 1935 when his parents became concerned about the growing Nazi threat in Europe. (For those who tend to give credence to the notion that Soros is, in fact, the antichrist, it should be noted that Soros is a Hungarian name meaning "next in line” or "designated successor.”)
Soros was thirteen years old when the Nazis invaded Hungary in 1944 and began to exterminate the Jews. According to Wikipedia, he worked briefly for the Jewish Council, an organization established by the Nazis to deliver deportation messages to Jewish lawyers. When his father became concerned for his safety, Soros was sent to live with a non-Jewish government official, posing as his godson.
By August of 1945, the hyperinflation rate in Hungary had grown to 50% per month, and just four months later the inflation rate reached several hundred percent per month. It was in that volatile economic cauldron, when the Hungarian government maintained two separate monetary units that Soros learned to make money trading currencies. He escaped the Soviet occupation by participating in a youth congress in Sweden in 1946 and the following year he migrated to England. He graduated from the prestigious London School of Economics in 1952 and in 1956 he moved to the United States.
According to Wikipedia, Soros was asked to participate in a takeover of the French bank, Société Générale, in 1988. He at first declined to participate but later purchased a number of shares in the takeover vehicle. French authorities began an investigation in 1989, and in 2002 a French court ruled that the takeover attempt involved insider trading, a felony under French securities laws. Soros was fined $2.3 million, the exact amount he earned using the insider information.
His conviction was upheld by France’s highest court on June 14, 2006, and in December 2006 he appealed to the European Court of Human Rights, claiming that the 14-year delay in bringing the case to trial precluded a fair hearing.
Soros first gained international fame on Black Wednesday, September 16, 1992, when he sold short more than $10 billion worth of pounds sterling, profiting from the unwillingness of the Bank of England to either raise interest rates or float its currency on the international market. The Bank of England was ultimately forced to devalue the pound sterling and Soros earned an estimated $1.1 billion. He is often referred to as "the man who broke the Bank of England."
Is it possible that Soros is now attempting to do to the U.S. dollar in 2009 what he did to the pound sterling in 1992, with Barack Obama as his agent of "change?” We have already concluded that no one in their right mind would do to the U.S. economy what Obama, Reid, and Pelosi are now doing, so we know that Obama is dancing to someone else’s tune. But whose tune is it? Given George Soros’s penchant for manipulating currencies in the pursuit of wealth and power, we would all be well advised to pay very close attention to what George Soros is buying and selling these days. |
