March 1, 2011

Lucid Links (030111, Morning)

Filed under: Lucid Links — Tom @ 9:04 am

Bombshell — First, recall this, from a December 2010 column by yours truly:

(In the summer of 2008) A weakened economy was no match for the amazingly timed perfect storm which followed shortly thereafter. It’s almost as if the Pelosi-Obama-Reid triumvirate knew that what they began in June would cause the serious problems in home lending and homebuilding to reach critical mass several months later. I suspect that someday someone with a conscience will let us know that what looks like an amazing set of coincidences was anything but that.

Well, there’s no direct evidence yet that they knew that the storm was coming, but Washington Times investigative reporter Bill Gertz has obtained evidence that the storm was not a natural occurrence:

Evidence outlined in a Pentagon contractor report suggests that financial subversion carried out by unknown parties, such as terrorists or hostile nations, contributed to the 2008 economic crash by covertly using vulnerabilities in the U.S. financial system.

The unclassified 2009 report “Economic Warfare: Risks and Responses” by financial analyst Kevin D. Freeman, a copy of which was obtained by The Washington Times, states that “a three-phased attack was planned and is in the process against the United States economy.”

While economic analysts and a final report from the federal government’s Financial Crisis Inquiry Commission blame the crash on such economic factors as high-risk mortgage lending practices and poor federal regulation and supervision, the Pentagon contractor adds a new element: “outside forces,” a factor the commission did not examine.

“There is sufficient justification to question whether outside forces triggered, capitalized upon or magnified the economic difficulties of 2008,” the report says, explaining that those domestic economic factors would have caused a “normal downturn” but not the “near collapse” of the global economic system that took place.

Suspects include financial enemies in Middle Eastern states, Islamic terrorists, hostile members of the Chinese military, or government and organized crime groups in Russia, Venezuela or Iran. Chinese military officials publicly have suggested using economic warfare against the U.S.

“Only recently have defense and intelligence agencies begun to consider this very real possibility of what amounts to financial terrorism and-or economic warfare.”

Other than the Chinese (Update: and of course certain Middle Eastern states — Zheesh), I would question who among the rest would have the capital to pull off such a coordinated attack — unless the funding came from somewhere and/or someone else. (Update: Then you would have to ask who had the technical and knowledge-based expertise to pull it off.)

As to whether the architects of the POR (Pelosi-Obama-Reid) Economy knew what was coming when they began doing their part to weaken the economy in the summer of 2008, I’ll betcha they at least knew more about how weak we were than a lot of other people. Specifically, I’ll betcha they knew what Edward Pinto revealed in December 2009 (related BizzyBlog post) concerning the market -weakening — make that market-ruining — activities of Democratic Party crony companies Fannie Mae and Freddie Mac:

Edward Pinto, a former chief credit officer for Fannie Mae and a housing expert, has found that from the time Fannie and Freddie began buying risky loans as early as 1993, they routinely misrepresented the mortgages they were acquiring, reporting them as prime when they had characteristics that made them clearly subprime or Alt-A.

It’s not unreasonable to believe that the dollar volume of the campaign of deliberate deception went into the trillions.

I’d say we’re just waiting for someone with a conscience to come forward — and to name names.

I hope Mr. Freeman has solid personal protection.

Update: Patrick Poole at the PJ Tatler has a link to the full report.

Update 2: On September 18, 2008, Jim Cramer was sensing “financial terrorism.”

Update 3: On September 28, 2008, yours truly thought Hank Paulson and Ben Bernanke might be blackmailing Congress.

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Free speech intimidation, courtesy of the proabort left:

Pro-life activist Alveda King on Friday called the removal of a pro-life billboard in Manhattan “an outrageous act of censorship.” The billboard showed a black girl along with the statement, “The most dangerous place for an African American is in the womb.”

… “The message of this billboard is totally accurate,” King said in a statement issued by Priests for Life where she is the director of African-American Outreach.

… She added: “And it should provoke outrage in the African-American community—not because it is racist, but because of the truth it reveals; the truth that is being kept from the African-American community.”

CNN reported on Friday that Lamar Advertising, which owns the billboard, decided to take down the message after people who opposed it threatened workers in the building located next to the billboard.

The Rev. Al Sharpton had reportedly planned a protest at the site of the billboard on Saturday and pro-abortions groups had also complained about the pro-life message.

The CNN report to which CNS New refers has a whitewashing headline (“Billboard focused on African-American abortions was taken down”), and tells us the following:

A New York billboard that focused exclusively on African-American abortion rates was taken down because of concerns for public safety, said Hal Kilshaw, spokesperson for Louisiana-based Lamar Advertising, on Thursday. The billboard was erected by group opposed to abortions.

The billboard was attached to a building that houses the restaurant Lupe’s Kitchen. Some of the wait staff, Kilshaw said, were being harassed by patrons who objected to the billboard. In addition, a scheduled protest Friday by people opposed to the billboard prompted public safety concerns, which led to the company’s decision.

Kilshaw said the controversy surrounding the billboard did not factor into the company’s decision to take it down.

“We accepted the copy in accordance with our policy,” Kilshaw said. “We believe in people’s right to advertise, [we] thought it [the copy] was OK, [and] we stand behind that decision,” Kilshaw said.

So basically the free speech rights of the billboard purchasers were curtailed by intimidation.

There are laws against making threats. Who will enforce them?

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Propaganda — The New York Times had to work really hard to get the White House State Dining Room’s painting of Abe Lincoln into the photo seen here of Dear Leader speaking to the National Governors Association.

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At the Daily Caller (HT Noel Sheppard at NewsBusters) — “Prostitute-patronizing Democratic Wisconsin state rep. to female GOP colleague: ‘You are f*cking dead’” (internal links are in original):

On Monday, Milwaukee AM 620 WTMJ radio host Charlie Sykes detailed an encounter between Democratic State Rep. Gordon Hintz, who had previously been busted in a prostitution sting, and Republican State Rep. Michelle Litjens, in which the rules of civility were completely ignored after a vote to “engross” a state budget repair bill.

“After the vote to engross, he turns to a female conservative Republican, who is also from the Oshkosh area, looks at her and says, ‘You are f—ing dead,’” Sykes said. “He didn’t say ‘f—ing,’ he said the whole thing. He says to a female colleague, ‘You are f—ing dead.’”

Here’s the Sykes audio:

Other legislators heard it.

Of course, if a Republican or conservative had said this in the current heated battle, it would be the first story on every evening news and cable newscast for the next three days.

Hintz’s prostitution bust only occurred a week ago. He doesn’t seem particularly, uh, chastened.

But then, patronizing prostitutes is apparently a Democratic Party tradition going back at least a half-century (HT Powerline; original Judicial Watch report):

KennedyBrothel1961

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3 Comments

  1. We pegged this as far back as 2007: POR economy = The Democrat Effect = economic terrorism. Remember Paulson’s “gun to our head”?

    Comment by Joe C. — March 1, 2011 @ 10:09 am

  2. #1, I was going to note that based on the Pentagon’s report your long-ago economic terrorism comment may be even more true than you originally thought.

    Comment by TBlumer — March 1, 2011 @ 10:12 am

  3. That is definitely a bombshell and bears watching.

    One thing that isn’t shocking is that a federal government committee (the FCIC in this case) blames lack of federal regulation/intervention for problems. There was a lack of supervision to blame all right, it was a lack of supervision of the governments own precious GSE’s, however.

    Comment by zf — March 1, 2011 @ 12:45 pm

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