The following article is being presented as if it were a criminal case being presented to a Grand Jury to secure and indictment against the defendants believed by the police and prosecuting attorney to have committed that crime. When a crime is suspected or has occurred, most citizens react by calling this police. Police work and crime detection are as much about luck and hunches as they are about actual physical evidence and the proverbial “smoking gun.” It is no wonder they sometimes get it wrong. That said, I firmly believe that MOST police officers and honest well-intentioned public protectors, but like any other human group, you got good ones, and corrupt ones. This is exactly why it takes more than a cop hunch to put someone in prison or to death. That’s what jury trials are for. But before you can get to a jury trial, a charge has to be filed with the court. That charge can be based on a prosecutor’s affidavit or an indictment by a Grand Jury which means that a panel of ordinary citizens has concluded that a crime was committed, and that the accused defendant probably committed it. It is that proceeding that I’m going to replicate today. I will be the prosecutor, and you Dear readers will be my Grand Jury.
My burden will be to prove that our economy was, in fact, the victim of a crime and that>the crime charged is attempted murder. It is only attempted murder at this time because our economy is not dead, contrary to liberal media opinion. It has been grievously injured and could possibly die, but as of now it’s very much alive if not well. Most states define attempted murder as the commission of an act with the unlawful intent to deprive the victim of his life. It would also be desirable for the accused to have failed in that attempt so that the does not get increased to murder in either the first or second degree.
My subsequent burden will be to show that the person or persons against whom this indictment is sought had to motive, opportunity, and criminal intent to commit the crime charged, and to present evidence to show that they, in fact, did commit the crime charged. In assessing culpability, the grand jury *you, the readers) are not required to find guilt or innocence, only probable cause that the crime was committed and that the accused could have committed it.
Could the economy have been Murdered, or was the economic decline just a result ofnatural market forces? There are compelling arguments to be made for both sides, but one of the more compelling arguments supporting foul play is the overwhelming benefit to one of the accused from the economic tsunami. The ONLY beneficiary in all of this is the Democratic Party. No private enterprise, private citizen, or public entity other than theDemocratic Party and its candidates benefit from this economic malaise. But the Democrats are not the only ones accused here.
To understand why both Republicans and Democrats stand accused, you have to first understand how the economy was injured. We can all agree the tsunami, for lack of a better term, occurred in mid September of 2008, but that wasn’t the first potentially fatal blow. The first potentially fatal blow to this economy occurred shortly after the election of the Democrats to majority in the House and Senate. They passed a law that reinstated the mark-to-market accounting rule that had been removed ironically by the Roosevelt administration to help bring about recovery from the Great Depression. This was done in response to the Enron collapse, but it had the unintended (or intended) consequence of setting up the financial sector of are economy for fiscal Armageddon.
The longest occurring and most lingering assault on the economy has been a verbal one by Democratic politicians and their allies in the media. Democrats or their surrogates and sympathizers have been trying to talk down the economy since before the 2006 midterm elections. They first tried a frontal assault on the economy, telling us that the economy was not good. This flew in the face of record high indices, free-flowing credit, and all appearances to the contrary so it failed. Not to be discouraged, the Democrats resorted to a classic from their play book, class warfare. They changed the premise from a bad economy to an unfair one in which only the rich were benefitting. Even this failed and the Democrats were left with no other strategy than to lie to the voting public and promise that if they were put in power they would end the war in Iraq.
This was disingenuous at best, and an outright LIE at worst. Any one who was taken a high school civics course knows that only the President of the United States to order our armed forces to engage in or withdraw from combat. The Democrats knew, and hoped the voting public didn’t, that the most they could do with withdraw funding from the Defense Department which would essentially leave our troops naked in the field. No clear thinking politician would dare attach his or her name to such a bill. Only the most committed ideologues would even consider such a thing, and then only because they knew it wouldn’t pass. This makes the promise they made to the voting public a false one, and true to form, they failed which infuriated the far left but not the majority of Democratic voters.
To make matters worse for the Democrats, our troops (aided by the surge of new forces) started winning in Iraq despite the best efforts of the Democrats to convince us otherwise that the war was, in fact, lost. No matter how they proclaimed the statistics were wrong, and that General David Petraeus was a liar (i.e., the “suspension of disbelief” comment by then Senator Hillary Rodham Clinton) the facts spoke for themselves. Casualties were down, elections were held, Iraqi troops were taking the field and taking control, and all evidence showed we were winning the war. The Democrats knew they would not be able to win in 2008 on that issue. They had lost credibility promising to end the war, and now that we were winning it, the war rage vote would not be enough.
Enter once more, the economy. It was still at record highs and the Democrats knew that unless something changed dramatically, they might not be able to take the White House or keep their control of Congress. Shortly after January of 2007, Democratic supporters on the blogs began a “whisper” campaign about the economy. This time instead of a frontal assault, the bloggers started reporting that the economy was not sound. It was not “real.” Words like “illusion,” “smoke and mirrors,” “house of cards,” etc. started appearing in the texts and it wasn’t long before these sentiments started finding their way into the mainstream media coverage of economic news.
Not surprising, as the rumors grew and spread, the stock market traders reacted by short-selling financial stocks, driving their prices and perceived values downward. Not long after this started, credit rating agencies like Moodys and Standard & Poores announced that they were lowering the credit rating of investment banks like Bear-Stearns, Lehman Brothers, Goldman-Sachs, and any other bank that traded in mortgage security instruments backed by sub-prime and conventional loans. The decision of the rating agencies was made across the board and did not take into account the fact that most of the mortgage loans were paying.
Once the credit ratings were lowered, the investment banks found themselves in the unenviable position of going from having balanced books with cash reserves to being insolvent overnight. They did the only thing they could do, which was to scramble to sell assets to raise capital. Under the newly reenacted mark-to-market rules, however, the value of the assets had so fallen that it was impossible to raise capital in a timely manner. For Bear-Stearns, this meant a shotgun wedding with our government holding the shotgun, but for Lehman Brothers, there was no relief and it was forced into bankruptcy.
The bankruptcy of Lehman Brothers was the second domino to fall, and set off a chain reaction that is still going on Wall Street. Had the government known of the events to follow, it would likely have reversed its decision not to save Lehman Brothers but, as in all things, hindsight is 20-20. The identity of the person that made the decision to allow Lehman Brothers to fail is not known, but it is certain he or she was an employee or officer in the previous administration. As to what happened after Lehman Brothers, we have only to look at our 401K statements and the Dow Jones Industrial Average to answer that.
The final question to answer is the why of it all. To answer that, you simply have to look for the answer to one question: who benefitted? Who is the sole beneficiary to all of this economic chaos and misery? The only beneficiary I can find is the Democratic Party and its political operatives and supporters such as the media. AT the time of the economic collapse in September of 2008, John McCain was ahead in the polls, and the Republican’s “Joe the Plumber” anti-socialism message was beginning to resonate. Add to that the resurrection of the Reverend Wright ads and controversy and Obama was flailing and losing ground. Then, the economy collapsed and this single event followed by the serio-comic response of John McCain and the government as a whole in passing the Trouble Asset Recovery Program, put the Republicans on the mat never to return.
Had it not been for the economic meltdown, John McCain might well have won the presidency and even if he did not, it is relatively certain that the Democrats would not likely be enjoying their hold on absolute power in Congress right now. Now, I’m not saying that the politicians in the Democratic Party intentionally visited this much misery on the country merely to win an election. Politicians, whatever their ideology, go into public service to help people and I’m not yet jaded enough to say otherwise. You may think me a Pollyanna for this belief, but until the evidence to the contrary is more than anecdotal, I remain a true believer. This nobility is reserved solely for elected politicians. However, for every politician you see on stage, there’s an unseen force of a few to thousands of nameless, faceless political operatives and supporters you do not see, and these people will stop at nothing short of criminal behavior to get their candidate elected. It seems that, given the
evidence of this last election cycle, that we can no longer exclude criminal behavior, especially on the Democratic side of the aisle. After all, it was democratic supporters like ACORN and the preppie college students in Ohio that committed countless cases of voter registration and outright voter fraud, and it was democrats that refused to install any credit card security software on their sites resulting in numerous allegations of credit card fraud.
The last item I wish to present is that the Democratic Party is the only party whose membership consists of a core of ideologues that believe no one is entitled to private wealth and that such wealth should be confiscated by the government and redistributed evenly to all citizens regardless of whether they had anything to do with its’ creation in the first place. This constituency would think nothing of wiping out the wealth and retirement savings of millions of American because they do not believe anyone is entitled to private wealth in the first place and that the temporary misery is justified by the liberal utopia they hope to create. It’s like my parents used to tell me as they were spanking me with a paddle, “its for your own good and you’ll thank me for it someday.”
So in conclusion ladies and gentlemen of the Grand Jury, I submit that I have established more than enough evidence to conclude that our free market economy was and IS the victim of the crime of attempted murder and that said crime is ongoing to this day. Now that Obama and the Democrats are the doctors charged with saving this economy, they continue the assault against it every time they open their mouths. It is almost as if, rather than employing heroic measures such as CPR, defibrillation, administering medicines like epinephrine, etc, they are putting a pillow over the face of the economy to hasten demise. Fortunately, they are just as much a failure at that as they have been about everything else thus far because our economy is not dead.
This concludes my presentation to you, the members of my grand jury, and I now charge you to return a True Bill of Indictment for the crime of attempted murder against the following defendants: The United States Governments for the years 2006 to the present, including former President George W. Bush and current President Barack Obama, the Democratic Party and its political operatives and supporters from the last election cycle, including the main stream media coalition, and last but not least, the greedy and unscrupulous wall street traders that orchestrated the demolition and devaluation of the financial stocks by short selling and other strategies designed to force stock prices down for their own personal enrichment regardless of the consequences to others. This case is respectfully submitted for your consideration. Thank you for your attention.
My burden will be to prove that our economy was, in fact, the victim of a crime and that>the crime charged is attempted murder. It is only attempted murder at this time because our economy is not dead, contrary to liberal media opinion. It has been grievously injured and could possibly die, but as of now it’s very much alive if not well. Most states define attempted murder as the commission of an act with the unlawful intent to deprive the victim of his life. It would also be desirable for the accused to have failed in that attempt so that the does not get increased to murder in either the first or second degree.
My subsequent burden will be to show that the person or persons against whom this indictment is sought had to motive, opportunity, and criminal intent to commit the crime charged, and to present evidence to show that they, in fact, did commit the crime charged. In assessing culpability, the grand jury *you, the readers) are not required to find guilt or innocence, only probable cause that the crime was committed and that the accused could have committed it.
Could the economy have been Murdered, or was the economic decline just a result ofnatural market forces? There are compelling arguments to be made for both sides, but one of the more compelling arguments supporting foul play is the overwhelming benefit to one of the accused from the economic tsunami. The ONLY beneficiary in all of this is the Democratic Party. No private enterprise, private citizen, or public entity other than theDemocratic Party and its candidates benefit from this economic malaise. But the Democrats are not the only ones accused here.
To understand why both Republicans and Democrats stand accused, you have to first understand how the economy was injured. We can all agree the tsunami, for lack of a better term, occurred in mid September of 2008, but that wasn’t the first potentially fatal blow. The first potentially fatal blow to this economy occurred shortly after the election of the Democrats to majority in the House and Senate. They passed a law that reinstated the mark-to-market accounting rule that had been removed ironically by the Roosevelt administration to help bring about recovery from the Great Depression. This was done in response to the Enron collapse, but it had the unintended (or intended) consequence of setting up the financial sector of are economy for fiscal Armageddon.
The longest occurring and most lingering assault on the economy has been a verbal one by Democratic politicians and their allies in the media. Democrats or their surrogates and sympathizers have been trying to talk down the economy since before the 2006 midterm elections. They first tried a frontal assault on the economy, telling us that the economy was not good. This flew in the face of record high indices, free-flowing credit, and all appearances to the contrary so it failed. Not to be discouraged, the Democrats resorted to a classic from their play book, class warfare. They changed the premise from a bad economy to an unfair one in which only the rich were benefitting. Even this failed and the Democrats were left with no other strategy than to lie to the voting public and promise that if they were put in power they would end the war in Iraq.
This was disingenuous at best, and an outright LIE at worst. Any one who was taken a high school civics course knows that only the President of the United States to order our armed forces to engage in or withdraw from combat. The Democrats knew, and hoped the voting public didn’t, that the most they could do with withdraw funding from the Defense Department which would essentially leave our troops naked in the field. No clear thinking politician would dare attach his or her name to such a bill. Only the most committed ideologues would even consider such a thing, and then only because they knew it wouldn’t pass. This makes the promise they made to the voting public a false one, and true to form, they failed which infuriated the far left but not the majority of Democratic voters.
To make matters worse for the Democrats, our troops (aided by the surge of new forces) started winning in Iraq despite the best efforts of the Democrats to convince us otherwise that the war was, in fact, lost. No matter how they proclaimed the statistics were wrong, and that General David Petraeus was a liar (i.e., the “suspension of disbelief” comment by then Senator Hillary Rodham Clinton) the facts spoke for themselves. Casualties were down, elections were held, Iraqi troops were taking the field and taking control, and all evidence showed we were winning the war. The Democrats knew they would not be able to win in 2008 on that issue. They had lost credibility promising to end the war, and now that we were winning it, the war rage vote would not be enough.
Enter once more, the economy. It was still at record highs and the Democrats knew that unless something changed dramatically, they might not be able to take the White House or keep their control of Congress. Shortly after January of 2007, Democratic supporters on the blogs began a “whisper” campaign about the economy. This time instead of a frontal assault, the bloggers started reporting that the economy was not sound. It was not “real.” Words like “illusion,” “smoke and mirrors,” “house of cards,” etc. started appearing in the texts and it wasn’t long before these sentiments started finding their way into the mainstream media coverage of economic news.
Not surprising, as the rumors grew and spread, the stock market traders reacted by short-selling financial stocks, driving their prices and perceived values downward. Not long after this started, credit rating agencies like Moodys and Standard & Poores announced that they were lowering the credit rating of investment banks like Bear-Stearns, Lehman Brothers, Goldman-Sachs, and any other bank that traded in mortgage security instruments backed by sub-prime and conventional loans. The decision of the rating agencies was made across the board and did not take into account the fact that most of the mortgage loans were paying.
Once the credit ratings were lowered, the investment banks found themselves in the unenviable position of going from having balanced books with cash reserves to being insolvent overnight. They did the only thing they could do, which was to scramble to sell assets to raise capital. Under the newly reenacted mark-to-market rules, however, the value of the assets had so fallen that it was impossible to raise capital in a timely manner. For Bear-Stearns, this meant a shotgun wedding with our government holding the shotgun, but for Lehman Brothers, there was no relief and it was forced into bankruptcy.
The bankruptcy of Lehman Brothers was the second domino to fall, and set off a chain reaction that is still going on Wall Street. Had the government known of the events to follow, it would likely have reversed its decision not to save Lehman Brothers but, as in all things, hindsight is 20-20. The identity of the person that made the decision to allow Lehman Brothers to fail is not known, but it is certain he or she was an employee or officer in the previous administration. As to what happened after Lehman Brothers, we have only to look at our 401K statements and the Dow Jones Industrial Average to answer that.
The final question to answer is the why of it all. To answer that, you simply have to look for the answer to one question: who benefitted? Who is the sole beneficiary to all of this economic chaos and misery? The only beneficiary I can find is the Democratic Party and its political operatives and supporters such as the media. AT the time of the economic collapse in September of 2008, John McCain was ahead in the polls, and the Republican’s “Joe the Plumber” anti-socialism message was beginning to resonate. Add to that the resurrection of the Reverend Wright ads and controversy and Obama was flailing and losing ground. Then, the economy collapsed and this single event followed by the serio-comic response of John McCain and the government as a whole in passing the Trouble Asset Recovery Program, put the Republicans on the mat never to return.
Had it not been for the economic meltdown, John McCain might well have won the presidency and even if he did not, it is relatively certain that the Democrats would not likely be enjoying their hold on absolute power in Congress right now. Now, I’m not saying that the politicians in the Democratic Party intentionally visited this much misery on the country merely to win an election. Politicians, whatever their ideology, go into public service to help people and I’m not yet jaded enough to say otherwise. You may think me a Pollyanna for this belief, but until the evidence to the contrary is more than anecdotal, I remain a true believer. This nobility is reserved solely for elected politicians. However, for every politician you see on stage, there’s an unseen force of a few to thousands of nameless, faceless political operatives and supporters you do not see, and these people will stop at nothing short of criminal behavior to get their candidate elected. It seems that, given the
evidence of this last election cycle, that we can no longer exclude criminal behavior, especially on the Democratic side of the aisle. After all, it was democratic supporters like ACORN and the preppie college students in Ohio that committed countless cases of voter registration and outright voter fraud, and it was democrats that refused to install any credit card security software on their sites resulting in numerous allegations of credit card fraud.
The last item I wish to present is that the Democratic Party is the only party whose membership consists of a core of ideologues that believe no one is entitled to private wealth and that such wealth should be confiscated by the government and redistributed evenly to all citizens regardless of whether they had anything to do with its’ creation in the first place. This constituency would think nothing of wiping out the wealth and retirement savings of millions of American because they do not believe anyone is entitled to private wealth in the first place and that the temporary misery is justified by the liberal utopia they hope to create. It’s like my parents used to tell me as they were spanking me with a paddle, “its for your own good and you’ll thank me for it someday.”
So in conclusion ladies and gentlemen of the Grand Jury, I submit that I have established more than enough evidence to conclude that our free market economy was and IS the victim of the crime of attempted murder and that said crime is ongoing to this day. Now that Obama and the Democrats are the doctors charged with saving this economy, they continue the assault against it every time they open their mouths. It is almost as if, rather than employing heroic measures such as CPR, defibrillation, administering medicines like epinephrine, etc, they are putting a pillow over the face of the economy to hasten demise. Fortunately, they are just as much a failure at that as they have been about everything else thus far because our economy is not dead.
This concludes my presentation to you, the members of my grand jury, and I now charge you to return a True Bill of Indictment for the crime of attempted murder against the following defendants: The United States Governments for the years 2006 to the present, including former President George W. Bush and current President Barack Obama, the Democratic Party and its political operatives and supporters from the last election cycle, including the main stream media coalition, and last but not least, the greedy and unscrupulous wall street traders that orchestrated the demolition and devaluation of the financial stocks by short selling and other strategies designed to force stock prices down for their own personal enrichment regardless of the consequences to others. This case is respectfully submitted for your consideration. Thank you for your attention.
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