James Simpson over at The American Thinker has an article detailing Obama’s links to the radical left and the sub-prime mortgage crisis.
I don’t know much about the author or the source, but I found his research pretty interesting. Here is what it boils down to.
Obama and his radical friends were schooled in “manufacturing crisis.”
ACORN started out as an effort to do this by overloading the welfare system.
As ACORN moved on to pushing for sub-prime loans, Barack Obama was their lawyer.
The sub-prime loans have created the crisis the radical activists dreamed of.
Obama is now ready to step in with ready-made radical “solutions” to the crisis.
I think there’s something to this, although I’m far from convinced that the far-left sought to manufacture this crisis in particular, and still less convinced that they would have been able to engineer such perfect timing.
I am deeply concerned, however, that the country may be on the verge of putting someone into office who a) has such radical ties and b) was involved from the early days in creating the sub-prime problem. Foxes and henhouses come to mind.
Socialists have always claimed that their system was the perfect answer for the crisis of capitalism. Now we have a crisis of sorts around us, and although Obama’s policy is guaranteed to make things worse, people seem to be buying it.
What people do not seem to understand (yet) is that it was quasi-socialism that created the sub-prime problem in the first place. Poor regulation played a part, too, but the most pertinent government interventions did more harm than good.
Without accepting Simpson’s over-determined account (at least, not without more evidence), I think he raises some alarming points about Obama’s early career and places them, for the first time, in the context of today’s market woes.