Paul R. Hollrah
Obama is Dancing, But Who Calls the Tune?
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.
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?’ "
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
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.
merely raising these questions about the Obama budget and policies...
all of which are right on target... Cramer has committed the
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 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.”)
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.
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
conviction was upheld by France’s highest court on
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.
first gained international fame on Black Wednesday, September 16, 1992,
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
Soros now shares his multi-billion dollar fortune with the enemies of
America around the world and is the Democratic Party’s largest
stakeholder. He gave Democrats $23.6 million in 2003-04 to defeat George
W. Bush; he is the principal force behind Moveon.org and a host of other
radical left organizations; and he is one of the two top money men who
helped to purchase the presidency for Barack Obama.
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.