Thread: Obama — The Expected Victory

Obama — The Expected Victory
November 5, 2008 by BNP News British National Party -- Great Britain
Nick Griffin assesses the significance of Obama’s Presidential victory. — An outgoing Republican President leaves behind him an American economy in free fall, and a Democrat wins the race to replace him. No surprise in the USA then.

Obama’s inevitable victory was against a liberal puppet of the plutocrats whose greed has wrecked the economy not just of America but of the entire world. This is not the result of some zeitgeist change in the USA that heralds a bright new leftist dawn of peace and harmony under a brilliant new leader who will heal ills just by touching the afflicted.

Obama was elected because McCain represented the party which Americans blame for turning the cash withdrawal machines they called houses into giant millstones of ever increasing debt and despair.

While Obama’s undeniable charisma and brilliant Internet campaign played an important role in his victory, in the end this was not so much about the Democrats winning as it was a matter of the Republicans losing.

McCain’s poll ratings tracked the Dow Jones stock market index and he was doomed when he stated that the fundamentals of the American economy were sound on the very day that Bear Sterns collapsed. That’s all there is to it. The Obama halo is relative to his opponent, and within weeks of his not having an opponent that halo will begin to lose its lustre.

And so it should. Because, unnoticed by Americans — or rather, unreported by the liberal-left media — Barak Obama played a key role in the creation of the sub-prime disaster that has propelled him to power. The disaster started when a ‘community organizer’ in Chicago named Madeline Talbott began to use the 1977 Community Reinvestment Act to build her political influence among the city’s black community.

The CRA itself was a piece of bankster greed dressed up as PC folly. The politicians who passed it thought they were voting to make it easier for poor people — minorities especially — to get mortgages despite having bad credit ratings. The banksters who wanted it passed wanted to be relieved of the inconvenient shackles of prudence that prevented them from getting another huge tranche of US society into unrepayable and hence highly profitable debt.

Talbott made a lucrative career out of suing or threatening institutions over real or perceived ‘discrimination’ against blacks, and the CRA gave her the opportunity to take them to the cleaners. She set up a direct action campaign group, the Association of Community Organizations for Reform Now (ACORN) and set about intimidating various banks into giving loans to poor blacks — and out of court settlement payouts to her.

She was greatly helped in this when she hooked up with a slick and highly capable young community activist in Chicago, who she hired to train her ACORN agitators. Her new friend, one Barak Obama, taught them confrontational tactics learned from various 1960s Black Power activists he idolised (his favourite was Malcolm X), and secured campaign money from the left-philanthropic Woods Fund.

[b]This helped ACORN secure its greatest triumph, when Talbott in 1993 persuaded US mortgage giant Fannie Mae to roll out a $55 million national pilot programme to give mortgages to people with “troubled credit historiesâ€