Obama the Con Man: Revealed

March 9, 2009

As we approach 50 days of the ‘Hope and Change’ Administration, more and more people are re-assessing if this was the hope and change they hoped for. Unemployment numbers are skyrocketing, retirement accounts are dwindling, Congress is spending wildly, and big businesses from GM to the big banks are on the verge of bankruptcy. Each day the President speaks of doom and gloom. He makes the same speech every day. (Idle thought: Have we ever seen a President on TV this much)? Obama says he doesn’t pay attention to the day-to-day ‘gyrations’ of the Stock Market. Gyrations? I think not. The current 20% drop in the DOW, since Inauguration Day (31% drop since the election), is the largest 6-week drop in 90 years under a new President (FOX News, 2-7-09). What does this all mean? And, why does the President appear to be ignoring the banking crisis that is driving Wall Street down, focusing instead on health, energy, and education? Here’s the inside scoop from a guy who grew up in the streets and who can smell a con man a mile away:

President Obama is purposely fueling the downward spiral of our economy. He plans to steer this economy as low as possible, blaming everyone else, from Bush to big company CEO’s, along the way. How could I make such a seemingly outrageous statement, you ask? The answer is so obvious, but most Americans, including the media, have fallen into this ‘sleight of hand’ con man trap. We’re all watching the right hand while the left hand sets us up for the true agenda. And, make no mistake, the true agenda is already in play from SCHIP (creating a major TAX INCREASE for smokers) to the Spendulous, er, I mean Stimulus Package, to the current pork-laden Omnibus Package. Proof of the distraction technique: Obama dismisses the Wall Street crash as normal fluctuations while allowing Treasury Secretary Timothy Geitner (along with an invisible Paul Volker) to work without a staff, thus, allowing for no direct plan for solving the ‘real’ problem. Instead of facing the real issues, Obama claims that personal health care issues are causing a bankruptcy every 30 seconds! Yes, he said it, and, no, the numbers don’t add up, as FOX News reported. Just another example of Obama’s con game, leading us away from the true problem, the banking crisis, all in the name of his true agenda, which is to spend taxpayer money and grow the Government, funding the liberal agendas, all at once. As Sean Hannity so accurately professes, ‘The Radicals are in charge!’

Obama’s team enjoys high popularity (63% approval rating, as I write this), and they also realize this will not last forever. They are successfully taking advantage of this recession crisis to accomplish a potpourri of leftist agenda items. Strike while the iron is hot, so to speak. Obama’s far left radical social agenda, of social justice and shared responsibility (code words for Socialism) is becoming clear, even as he uses smoke and mirrors to divert our attention away from it. A talented con man needs a crisis to feed off. In this case, Obama, the con man, is very fortunate to have this current recession to use as his crisis, allowing for full utilization of the old bait and switch, steering our attention away from his real agenda. You see, the best way for any con man to gain total control is to convince his prey that he, the con man, has the only solution to whatever it is that ails us (In this case, bigger Government is the so-called solution). The con man wants what ails us to feel so bad, we feel lost with no where to turn. He wants us to feel defeated. He wants us to be the victims. What better way to accomplish this than to ‘create’ as many so-called victims as possible. In this case, Obama, the con man, is well aware that by avoiding the heart of the problem, the banking crisis, the DOW will continue to spiral downward, thus, creating more victims. This fits his plan perfectly. He swings his psychological sledgehammer every day (ie: with gloom and doom speeches) and helps the stock market fall. Now make no mistake, he can help the economy recover, as he does hold the solution to save the banks and spur Wall Street back to positive numbers. (We’ll get to that in a second). It’s simply not time yet. He needs to get all Americans pushed down so far that we are locked into his radical plans for things like Universal Health, Cap & Trade (to drive energy costs upward), Card Check (to grow the Labor Unions and further hurt business growth), big spending on the phoney-baloney Climate Change, and more wasteful spending on Education programs. Once he has all this in place, with what he’ll see as no escape for us, he will order the one move that will immediately spur confidence, and thus, allow the economy to turn around. The tool to accomplish this (and make the con man appear to be the hero) is a simple accounting tool, believe it or not. Yes, a simple accounting tool that is utilized by a single swipe of the pen. Remember this term, folks, as you’ll be hearing it more and more in the very near future: ‘Mark-to-Market.’ What???…Yes, Mark-to-Market, an accounting method that will become the vehicle driving us toward short term recovery, which, of course, is key to long term recovery. Hey, Ya gotta start somewhere!

In short, Mark-to-Market is an accounting method that values assets at their current market values (all securities including mortgage related securities use this method of accounting). By the way, and this is important, all accounting rules are regulated by the SEC, so Obama can easily have influence. Mark-to-Market mandates asset holders, like banks, to value securities at current market values, even if the securities don’t mature for years. As the housing market, and property values continue to crumble, the banks’ collective balance sheets are being ravaged and the Mark-to-Market accounting method is at the root of these balance sheet problems. So, what does all this mean? Allowing a temporary elimination of Mark-to-Market accounting would then allow the banks’ accounting to show mortgage related securities losses as economic losses (currently reported as market losses). Yes, it’s a little complicated, but know this: If Mark-to-Market rules are relaxed, the banks’ balance sheets will immediately ‘look’ better. (Note: This relaxing of Mark-to-Market is not unprecedented. It has been done in the past. It was last done during the S&L crisis). This move would immediately relieve pressure on the banks and, at the same time, increase confidence on Wall Street (which, like it or not, is a key future economic indicator for our Country and, perhaps, for the world). And, yes, the DOW will rebound.

For the record: You heard it here, first, folks. The President, when he feels his social goals are both strategically and solidly in position, will make the simple move of pressuring the SEC to allow Mark-to-Market rules to be relaxed. Once this is done, the banks will immediately appear stronger. Wall Street will react very favorably. Consumer confidence will grow quickly. The Recovery will begin, proving once again that psychology means more to recovery then actual spending. Meanwhile, Obama the con man, will take complete credit, saying his so-called stimulus plan is now driving the economy forward! In fact, the so-called stimulus plan will have absolutely nothing to do with this positive economic turn. The recovery will begin will a no-cost swipe of the pen.

Of course, thanks in large part to the so-called Stimulus and Omnibus packages, the con man’s social economic policies will all be in place. These policies that Obama, Pelosi, Reid, et al, slammed into place on us, while distracting us with all the doom and gloom economic talk, will do nothing but provide fluffy and expensive social agenda items, creating a huge Government with much more Government control (directly AGAINST what our Constitution calls for), with very little actual stimulus impact. Ah, the con man’s power of smoke and mirrors coupled with the sleight of hand! These social policies will, of course, grow the incompetent Government and cost all American taxpayers dearly (ie: Within 2-3 years, electric costs alone are projected to go up as much as 40%)! I’ll cover all the specifics of Obama’s far reaching radical leftist social agenda, from so-called Climate Change to so-called Health reform, in a follow-up article. I’ve given you more than enough to digest here. For the moment, the immediate catch phrase to watch for is ‘Mark-To-Market,’ the real key to turning the economy around.