Posted on 05/11/2009 6:11:54 PM PDT by nickcarraway
U.S. Rep. Pete Sessions of Dallas, a member of the House Republican leadership, is accusing President Barack Obama of intentionally driving up unemployment and dampening stock prices in a bid to consolidate power.
Sessions told The New York Times that the administration intends to “diminish employment and diminish stock prices” as part of a “divide and conquer” strategy.
And he asserted that the Obama agenda is “intended to inflict damage and hardship on the free enterprise system, if not to kill it.”
White House aides declined to comment.
Other Democrats denounced Sessions for accusing the president of economic sabotage. Rep. Chris Van Hollen of Maryland, who chairs the Democratic Congressional Campaign Committee, called his counterpart’s views a “bizarre conspiracy theory.”
The remarks, he said, “have no place in our current economic debate…. The American people want leadership to address our economic challenges, yet the Republicans are responding with one ridiculous sound bite after another.”
Sessions, elected to his seventh House term last fall, chairs the National Republican Congressional Committee, the party organization that defends incumbents and tries to win more House seats.
The NRCC’s chief spokesman, Ken Spain, defended the allegation that Obama – who has repeatedly vowed to help the economy recover – secretly welcomes a slump in employment and investments.
Sessions “was simply reiterating what many members of the Democratic Party have been saying over the last several weeks. He was addressing concerns over one-party dominance in Washington, and how it has further damaged our economy and undercut our free enterprise system,” Spain said.
As evidence, Spain provided quotations from four Democratic House members, none of which reflects a view that Obama is intentionally trying to put Americans out of work.
(Excerpt) Read more at dallasnews.com ...
It is about time some Pubbies got some stones
Pete Sessions - glad he sees what is going on and is pointing it out. These socialists are trying to destroy the country. that is what they want. They are agents of chaos. They wnat things so messed up to do a false flag op, and/or collapse the country so that they can invoke certain things and end this country as we know it.
In the end, it will be a looter vs. you.
When hyperinflation hits, you better be locked and loaded, with food stores and water.
Not kidding.
Obama will drive us to martial law, trust me. Islamic terror will strike and Latino gangs will continue to rule the barrios.
He wants to quash the free market to usher in Big Brother...read everything he says and does...
We are OUT of Mexifornia, Chinafornia and soon Jihadafornia.
Republicans like these are two far and few between.
Laura Ingraham is right. Because the Republicans offer no clear voice, no clear opposition and no clear leadership, Obama will pass his radical legislation, government run health care and will continue to intentionally drive down the srock market and drive up unemployment is quest for unyeilding power.
This country is toast people. There will be no elections in 2010 and Obama will be named leader for life by 2012
Rush played a clip today in which Geithner said they don’t want another boom. IMO, Obama IS deliberately crashing the economy, and doing whatever he can to keep it crashed.
the truth
I don’t think it is that severe, but he will Eff this country up for a long time.
He does intend to dismantle the constitution bit by bit.
He is doing it NOW
A Pubbie out of hibernation?
I had a complete stranger say the same thing to me at our 'tea party.' He said we'd already seen the last election.
Editorial comment in a news story.
Economics / Recession 2008 - 2010
May 11, 2009 - 05:35 AM
By: Money_and_Markets
Martin Weiss writes: Any economist fixated on so-called “signs of a recovery” needs to have his head examined.
As I’ll prove to you in a moment, the hard-nosed reality is that five major economic cyclones are in progress at this very moment.
The storms are not abating. Nor are they changing direction. Quite the contrary, what you see today is, at best, merely a deceptive calm before the next, even larger tempests.
For investors who follow Wall Street, it could be fatal.
For contrarian investors, however, this insanity opens up
[snip]
I agree completely. With the Fed printing up a trillon dollars of worthless paper, this will make people long for the misery index under Jimmy Carter. We’re in for some interesting times my friends. May God help us!
Geithner: No More Booms
May 11, 2009
BEGIN TRANSCRIPT
RUSH: I have to think that Geithner blew it here. I think that Geithner didn’t want to say this, but he said it. I know he means it. He’s on Charlie Rose last Wednesday night. Charlie Rose says, “But if in fact they pay all the money back, the TARP money back, these banks, you know, what restrictions will exist on their compensation policy at their individual institutions?”
GEITHNER: The president is committed and is working with the leaders of Congress on very comprehensive broad-based financial reform to put in place news rules of the game, more constraints on risk taking to prevent a crisis like this from happening again.
ROSE: When will we see that start to happen?
GEITHNER: Well, we need to get through this crisis. It is very important we get through this crisis and be definitively through it, but we’re hoping to legislate e this year.
ROSE: Whatever you can do in terms of regulation and legislation will take place during the next three years?
RUSH: Hang on, listen.
GEITHNER: Yes, within that period of time. Within that period of time. But, again, these things are about preventing the next boom.
ROSE: Yeah.
RUSH: Did you catch that? See, they have said that what they are about is ending the business cycle. They don’t want any more recessions like this. Now, in their mind, what brought about the recession was the boom. They don’t want any more booms. They don’t want any more economic booms! They do not want any more economic growth! They want stagnant, zero-sum game economics. That’s why they’re limiting pay, that’s why they’re going to start putting all kinds of restrictions. There’s probably going to be at some point a wealth tax proposed by this president. Let’s say you’re sitting out there and you’re retired. And let’s say that you are living off your municipal bonds, and you bought your AAA, you got good rated AAA tax-free municipal bonds, and let’s say that those bonds at 4%, 5% tax-free income a year is what you’re living on.
I predict to you that the day is going to come when they’re going to tax wealth, in addition to income, so they can go after really wealthy people who do not have earned income anymore, they’re retired, they’re living off the investment portfolio, which would be capital gains or tax-free municipal bonds or whatever, there will be a wealth tax. There’s going to have to be. They’re in debt, they don’t have any money, and that’s Obama’s aim, sends his Treasury guy out there, “Our objective is to prevent the next boom.” That means no big boom in any sector that might lead to more employment. So, again, these things are about preventing the next boom. There you have it, straight from the Treasury secretary of the Obama administration.
http://www.rushlimbaugh.com/home/daily/site_051109/content/01125113.guest.html
Obama is Soros’ puppet. Soros gets rich by shorting capitalism and destroying it. QED.
Interesting. I speculate that the run up in oil prices prior to the election was the pin the popped the housing bubble. I base this on the fact 1)Lemann Brothers had a day and an half US supply of oil futures on the books when they went under and 2) Soros increased his share in Lemann at the start of the run-up. Considering the housing boom was artificially created and popped at the right moment to turn the election in favor of Obama, those that did this would want to ensure no one did anything like this to them.
Watch who BHO nominates for the open position on the SCOTUS.
That was all part of it, but don’t forget this.
http://www.freerepublic.com/focus/f-news/2217805/posts
Indymac is where everything started.
I hate to even think that this entire mess could have been coordinated but, in hindsight, it’s a real possibility.
http://www.americanthinker.com/2008/09/barack_obama_and_the_strategy.html
That's the bottom line. The rest are all means to this end. Glad to see Sessions gets it.
Hooray for Pete Sessions. I think most of us on FR realize that that’s exactly what’a happening here.
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