Remember the old Hebrew National advertisement: We answer to A HIGHER AUTHORITY. Well, the Invisible Hand of that Higher Authority is well noticed in today’s Economic Arena. Adam Smith in The Wealth of Nations introduced the term, the Invisible Hand. He was describing how individual efforts in the international marketplace produce positive economic results beyond the intentions of the individual. Adam Smith also said in The Wealth of Nations that he had “never known much good done by those who affected to trade for the public good”.
Affectations of Barry Abominable are not helping WE THE PEOPLE in this Economic Crisis. Barry did not suspend his campaign to help WE THE PEOPLE. Barry has been campaigning since the beginning of 2007; he has already been on TV debates with Hillary Rotten Clinton; 19, 20 debates. When did Barry ever say we are heading for a Stock Market Crash? An Economic Meltdown of the Financial Services Industry? A major surge in Foreclosures?
Barry has Franklin Raines, former head of Fannie Mae, as one of his Top Advisers. Franklin Raines walked away with MILLIONS after he was humiliated and publicly disgraced for falsifying the earning results of Fannie Mae, to put it mildly. The bonuses Franklin Raines awarded himself were tremendous bonuses. Why is Franklin Raines allowed, permitted, to hold on to that money which he obtained through unlawful means? Franklin Raines was put in the top position at Fannie Mae by Bill Clinton.
Jamie Gorelick, who has NO financial background, was also put into a major managing position at Fannie Mae by Bill Clinton. Under Bill Clinton there was Henry Cisneros who headed up the Housing and Urban Development department until scandal forced Henry out. What a coincidence that Henry found his way to Countrywide’s Board of Directors. The earnings Henry got from that position far outweigh the time he put in. Countrywide was one of the first stocks to tumble. By the way, Henry helped Hillary win Texas in the primaries. The people whose names come up with Fannie Mae and Freddie Mac can trace their initial introduction from the Clinton administration.
And let’s not leave out Alan GreenSPAM. Do you recall that when George Herbert Walker Bush lost to Bill Clinton there was an underlying murmur that Alan GreenSPAM had tampered with the economy just to make sure that G.H.W. Bush would lose? That was 1992; years have passed, but that thought becomes more valid. Alan GreenSPAM left as head of the Federal Reserve January 31, 2006. The Federal Reserve only deals with banks. The Chairman of the Federal Reserve is called the Head Banker; he knows everything that is going on inside the banks. You’re going to tell me that Alan GreenSPAM did not know what was going on with the Banks, with the Mortgage Loans, with the Regulation Requirements? He knew. And he knew that when he retired from the Federal Reserve he wanted to go out in a Blaze of Glory. He was called the Maestro. The accolades never stopped. Well, he also knew that the day comes when the piper must be paid; and the house of cards he was dealing would come crashing down. He knew all about these mortgages, these subprime mortgages. He also needs to gets his comeuppance. He is a Central Character in this economic crisis. Yes, Alan GreenSPAM who did not have a good word to say about Ronald Reagan, George H.W. Bush, or George W. Bush; but spoke highly of Bill Clinton to Leslie Stalling Around for 60 Minutes when he was interviewed about the book he wrote.
Yes, whenever certain characters look to CONTROL the ECONOMY, the FREE MARKET ECONOMY, those characters because of their affectations NEVER succeed. There is a Higher Authority watching over the Free Market Economy, and that Higher Authority steers the Free Market Economy with an Invisible Hand.
To be continued. . .
Cheryl
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