OBAMA USES SAUL ALINSKYS THIRD PRINCIPLE

Government’s view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it.” —Ronald Reagan

REACTING TO THE REPUBLICAN REJECTION (ENMASSE) TO the House version of OBAMA'S BUDGET SPENDING BILL. MASQUERADING AS A STIMULUS PACKAGE.
OBAMA HAD THIS TO SAY ON NBC'S MATT LAUER SHOW;"Mismanagement by the nation’s lending institutions was so extreme that the losses sustained by banks still cannot be calculated and more are likely to fail, President Barack Obama warned. In my opinion he left out the role of Barney Frank and his Committee!

In an interview airing Monday on NBC’s TODAY show, Obama said the nation’s banks were in “very vulnerable positions” because of the reckless risk-taking that led to the meltdown of the financial services sector late last year. The situation he inherited 13 days ago is so bad that “it is likely that the banks have not fully acknowledged all the losses that they’re going to experience,” Obama said in the interview, which was conducted Sunday at the White House.

Stressing that ordinary Americans’ deposits, which are insured by the federal government, would be safeguarded, the president said banks were “going to have to wring out some of these bad assets.”
He forgot his plan to take over all the bad loans by forming a government bank to hold the bad paper!

Inevitably, he told TODAY anchor Matt Lauer, “some banks won’t make it.”

The president’s message appeared to be a shot across the bow of Senate Republicans, who have objected to the $825 billion bailout of the financial system that was approved last week by the House. Leading Republican senators said they would oppose the bill unless there were major changes, echoing the concerns of their counterparts in the House, none of whom voted for the legislation.

This is classic Saul Alinsky! His primer for Radicals lists as number three of his principles: "A threat is more terrifying than the thing itself"! The "thing" in this instance is the threat of banks failing as they did in the Great Depression!

Once again OUR new President has shown me that he learned his lessons well during his formative years in the city of Chicago.
In Chicago the activists of is time called Mr. Alinsky the "jesus"
of community organization/ Source: Bio. of Jack Mendelson

And while Obama is giving scare tactics speeches to "beg" Americans to back his spending Bill. He has appeared on all major networks to try to scare the people into doing what most people are resisting, commit economic suicide! Congresswoman Sheila Jackson (D-Tex.)has proposed a bill that would increase the number of legal immigrants from 480,000 family visas to 960,000.

"Chain migration is the primary mechanism that has caused legal immigration in this country to quadruple from about 250,000 per year in the 1950s and 1960s to more than one million a year since 1990. As such, it is one of the chief culprits in America's current record-breaking population boom and all the attendant sprawl, congestion, school overcrowding, and other impacts that reduce American's quality of life". Source:Numbers USA

H.R.264 (Save America Comprehensive Immigration Act of 2009) - would double the number of family-based visas from 480,000 a year to 960,000 a year. In addition, this legislation would make a number of technical changes to family-based visas that would further chain migration. And in my opinion will contribute to deepening the economic drain on the U.S. Treasury, with the incumbent taxes that accompany the rapidly growing number of goods and services that new immigrants who are here legally are entitled to.

AMERICANS WAKE UP! WE HAVE A LEFTIST IN THE OVAL OFFICE WHO WANTS TO CREATE A BROADER BASE OF VOTERS WHO ARE DEPENDENT ON THE GOVERNMENT FOR THEIR LIVELY HOOD, AND WILL SECURE THE "change" THAT OBAMA INTENDS TO MAKE. CONVERTING OUR GOVERNMENT TO SOCIALISM!!