The Discerning Texan
-- Edmund Burke
Thursday, March 26, 2009
Elliot Ness, where are thou? Rahm Emanuel's Freddie Mac "Bonus"
Not so long ago, Rahm Emanuel went to "work" for Freddie Mac--you remember them; they were one of the two organizations which almost single-handedly destroyed our economy by forcing banks to make loans to people who could not possibly pay them back. That is not "free markets". That is abuse of power.
What the media goes out of its way NOT to tell you is that both Fannie and Freddie were run by Democrats who were being payed obscene salaries (funny, no outrage was being expressed in the Congressional witch hunts then...). Then these figurehead "regulators" in turn dutifully contributed heavily to Democrat candidates. In the mob they call this splitting up the loot.
In fact, paying Obama's Chief of Staff $320,000 to do pretty much nothing is a perfect example of the kind of oversight the Democrats had over those agencies, try as the Republicans did to change that dynamic. Remember the name Franklin Raines?
I could go on, but you get the point; it kind of reminds me of the old days when college football players got paid hundreds of dollars by wealthy almuni for a summer job, for example maybe to water one bush in front of the stadium once per week (wink, wink...).
The Democrats are living The Godfather: destroying the economy is nothing personal; it's just "business". After all, if the economy had been allowed to prosper, the Democrats might never have gotten Obama (and Rahm) elected. Their core constituencies (the poor inner city welfare mother, for example) would not need them anymore were those constituencies to suddenly find wealth via initiative and hard work. In other words it can be said that--like Jesse Jackson or Al Sharpton--Democrats have a Vested Interest in keeping their core constituencies down. Because the minute these people become taxpayers, there would be many reasons to jump ship. The so called governmental "War on Poverty" has been going on since 1965 and LBJ's "Great Society". Don't you think it is time that we bring the troops home; it has been 43 years now and from what I can see, the faster the government grows, the more the "insurgency" is winning.
But I digress. Here is the story of Mr. Emanuel's excellent adventure at Freddie Mac, via the Chicago Tribune:
These are the people we have given the keys to the kingdom; these are the people who are attempting a Presidential power grab unprecedented in American history.
(Tribune photo by Zbigniew Bzdak / March 5, 2009)
Before its portfolio of bad loans helped trigger the current housing crisis, mortgage giant Freddie Mac was the focus of a major accounting scandal that led to a management shake-up, huge fines and scalding condemnation of passive directors by a top federal regulator.
One of those allegedly asleep-at-the-switch board members was Chicago's Rahm Emanuel—now chief of staff to President Barack Obama—who made at least $320,000 for a 14-month stint at Freddie Mac that required little effort.
As gatekeeper to Obama, Emanuel now plays a critical role in addressing the nation's mortgage woes and fulfilling the administration's pledge to impose responsibility on the financial world.
Emanuel's Freddie Mac involvement has been a prominent point on his political résumé, and his healthy payday from the firm has been no secret either. What is less known, however, is how little he apparently did for his money and how he benefited from the kind of cozy ties between Washington and Wall Street that have fueled the nation's current economic mess.
Read the whole thing.
Funny, I don't see Barney Frank giving out Emanuel's home address so that ACORN can protest and raise hell in his front yard... (Go figure.) But never fear, Rahm: thanks to you and your boss, ACORN will be soon be busy applying its expertise in fraud and "raising the dead", and will soon be applying that expertise to...our upcoming census!
Seriously, these Democrats remind one of LBJ and his cliffhanger Senate election being decided by dead people voting in alphabetical order in Duvall county. Only now they are taking it to a national level.
Speaking of "bonus", Barney Frank is not exactly clean in the meltdown of our economy--his own involvement in the Fannie/Freddie collapse ought to have him in jail instead of lying through his lisping teeth on a daily basis. An example? Well this from the Boston Globe--not exactly a conservative rag.
Unfortunately there do not seem to be many Elliot Nesses in Obama's "Justice" Department; that isn't the "Chicago way"... Meanwhile the mobsters are diligently working to acquire the power to nationalize ANY company which would "adversely impact the economy" (who gets to decide that one?), before they "are about to go broke" (and who would decide when that applies?).
If I am Exxon or any other large conglomerate (especially any who happen to be on the "bad" side of the Democrats' special interests like: trial lawyers, the enviro-Nazis and unions...), I would be seriously be thinking about re-incorporating my business to some nice business-friendly environment like the Bahamas.... which of course will only serve to bring our economy to a terminal point even sooner...
But after all, isn't that what the Democrat mobsters want? Absolute power and for every single American to become dependent on it--instead of on themselves? Personal responsibility in anathema to all that is Democrat.
Consider: if everyone were to become wealthy and abundant, what need would there be for any Democrats to make things "fair" by stealing some people's property and giving it to others? There would be no need. On the other hand, if they can ensure that as many Americans as possible become addicted to the government crack pipe, they ensure their place at the table. Is this what Thomas Jefferson had in mind?
No wonder Barack was laughing at the economy on 60 Minutes while calling it "gallows humor"...
Let us hope that enough of the rest of us wake up to what is being done to our country very, very soon. We need Elliot Ness right now. Desperately. If you recall the scene in the movie where all the mobsters were laughing around the big round table, the American way of life as we have known (and as Jefferson, Madison, Hamilton and Jay envisioned it) is represented by the fat guy in the scene about to light up his cigar; meanwhile the Statist, power Democrats are represented Al Capone (Robert DeNiro)... and they've just picked up the baseball bat. We may all be that close to being history.
This "plan" by Obama and Geithner to nationalize every enterprise they "deem" to be critical is no different from the goals of a Chavez or a Castro or any other dictator. In fact it is their raison d' etre. (That's right: I said "dictator". So you had better to put one of those ugly O stickers on your vehicle before they come for you.)
Other than that, everything is just hunky-dory.
Seriously Don't you think it is time we got organized and decided to do something about our plight other than watching Oprah and The View or pretending that it could never happen here. That didn't work out too well for Europe.
During the holocaust, Europe's Jews meekly and patiently waited in line as they were herded onto the cattle cars. In a sense there is great power--e.g. a psychological moral superiority--in being "the victim". I am not trying to say that the 6 million murdered caused their own fate, that is obviously not the case; but what I am saying is that it is human nature to be complacent and believe things like "oh, that could never happen to us". But it can.
Not all were complacent; many did take action: many Jews fled Germany before it was too late--THEY were the ones who took responsibility for their own safety and security, rather than to believe in the innate "goodness" of their government or to leave their fate to chance. One of them was Albert Einstein. These people did not sit back meekly and await their fate as determined by another narcissist. No, they saw the signs and they acted on them. The tendency to resignation; to do or say nothing; to go along to get along; to think there is nothing they could do to change their outcomes--and to believe a megalomaniac and his propaganda machine about "unity" (One Reich, one Furher...) or that their country will rise from the ashes and become some sort of utopia--if only we all stand in unity, shoulder to shoulder with our charismatic dear leader--is spreading through our country like the Andromeda Strain. Or at least it was. Fortunately, a lot more of us are starting to wake up.
I'll tell you this: those men freezing their asses off Christmas Eve 1776 on the Delaware River weren't quitting or giving up. The defenders of Bastogne weren't about to give in. The examples of overcoming astounding odds are endless. It is never over until it is over. But sometimes to perservered, it takes people willing to stand up, to speak up, and to fight. Our forefathers struggled, they fought, they gave everything they had and more; they did whatever they had to do to prevail. Why? Because they determined that to continue to allow tyranny was not an option. And the rest is history.
Is it any less of an option now? Haven't we had enough of playing the helpless victims in our country? Notice I did not say their country, I said OUR country. They think it is theirs. They are pulling out all the stops to make it theirs. But--if we decide to stop them from stealing our country out from under our collectively spoiled rotten feet--we can prevail too.
We are not helpless, but we will be victims if we don't get up off our butts and work to defeat the Marxists. This is our time--or else it is the time when American dream ceases to exist. Because if we don't stand up now we may never get another chance at it. If we succeed, WE will be the "Greatest Generation".
Another movie scene comes to mind. Red (Morgan Freeman) in The Shawshank Redemption, as he considers whether or not to end it all at the halfway house: His words in that film struck a chord in me, and they have never been as appropriate as they are today: "get busy living, or get busy dying..."
So what's it gonna be? This is not a drill.