Obama, Frank & Dodd, LLP
May 22, 2009
Examples abound of how poorly government run businesses perform, but
none compares to the disaster promulgated by Fannie Mae under Franklin
Raines. Was Raines qualified to head Fannie Mae? He seemed to have the
right college degrees but as we are finding out, those degrees are about
as valuable as the prize in a cracker-jack box. Raines greatest
qualifications were his Democrat party affiliation and intimate
relationship with Barney Frank. What qualified Raines to keep his job
were Fannie Mae campaign contributions to House and Senate Democrats,
dishonest bookkeeping practices that showed a profit and an inept
investigation of his company by his good buddy Barney Frank. For his
efforts, Mr. Raines took a cool $90,000,000 in bonuses in addition to
his regular salary.
While Fannie Mae did not trigger the largest financial crisis in
American history, it did facilitate that crisis in a mortgage buying and
laundering scheme. If Franklin Raines were not politically connected he
would be hauled before Congress and facing felony indictments. His
sponsor, Barney Frank would be identified as a co-conspirator for his
role in refusing to properly investigate Raines and Fannie Mae. Raines,
Frank and Fannie Mae are symptoms of a disease called socialism, a
criminal enterprise run by government officials for their personal
With the prospect of American businesses being run by the likes of the
Obama, Frank and Dodd LLP, the forecast is for heavy Raines ahead as
more political hacks are placed in charge of businesses that should have
been forced into bankruptcy to cut their losses. There won’t be any need
to cut losses using the Frank-Raines accounting methods and Obamanomics.
Healthy businesses will be taxed to "spread the wealth” to the unhealthy
government run enterprises so Mr. Frank and company can receive an
uninterrupted flow of campaign contributions and the Raines clones can
get their bonuses.
Transferring the burden of failure from poorly run government businesses
to well run privately owned businesses is the core of Obamanomics. This
creates a spiral of failing businesses that the government snaps up at
bargain basement prices. Political hacks and union bosses get lucrative
posts with the understanding that campaign contributions continue to
flow unimpeded. This is how the socialist criminal enterprise grows
through illegal seizures, fraudulent bookkeeping, key appointments and
extorting taxes from businesses not yet under syndicate control.
Businesses that manage to survive despite the Obamanomic pressure will
be harassed by government agencies, community activist and congressional
committees until they give up.
Raines, Frank and Obama are not the hapless victims of their own
business incompetence but co-conspirators in the building of a criminal
empire. The news media, ordinarily the watchdog against government
corruption, is the lapdog and advertising agency of the capos. Were we
not told that capitalism failed and we are all socialists now?
Capitalism did not fail but was poisoned by Obama, Frank and Dodd LLP
using hired assassins like Raines.
Raines may not be a viable soldier in the gang any longer, but tens of
thousands just like him are waiting to step forward and kiss the ring of
Don Obama for their shot in sharing the take.
As for the ordinary Obama voter who thought the party was just starting,
forget it. Your bloodsucking days are numbered because there won’t be
any blood left to suck. Obama, Frank and Dodd LLP don’t care about
productivity and never did. They care about power, how to get it and how
to keep it. Fannie Mae paved the way and proved Obamanomics works.
Loyalists like Raines are going to get the cushy jobs and pay tribute to
their benefactors. The enforcers (AKA Obama Youth and various government
agencies) are going to keep the malcontents in line.
You may think this is rather fanciful thinking on my part but the facts
show a plan in motion. The Federal government under Don Obama has become
a rogue criminal enterprise that shows no concern whatsoever for the
Constitutional limits placed on government. Obama, Frank and Dodd LLP
simply ignore the Constitution because they know the burden to challenge
them is enormous and on someone else. They have the resources of the
Federal government to fight back, delay and harass anyone who dares
challenge them. They have the media to handle their propaganda and
public image issues. They have the organization and strength of the
unions, community activists and "students” to intimidate,
counter-demonstrate and silence their opponents. They have willing
accomplices in the Republican Party looking for their "piece of the
action.” They also have a Supreme Court that on any given day depending
on the phase of the moon, will deliver a 5-4 vote in their favor, if
they agree to hear the case at all.
The life-blood of Obama, Frank and Dodd LLP is tax money and complacent
producers. Take those away and their enterprise will fail. Don Obama and
company are not going to go with a whimper and the repercussions will be
severe. That will be the price of removing this criminal overlord from