Showing posts with label economic. Show all posts
Showing posts with label economic. Show all posts

Milton Friedman - Greed



The Cultural Consequences of Unemployment

Last November nearly a fifth of all men between 25 and 54 did not have jobs, the highest figure since the labor bureau began counting in 1948. We are either at or about to reach a historical marker: for the first time there will be more women in the work force than men.

read the entire NYT editorial from David Brooks Here.

How Much Does It Take to be Middle-Class?

by John Goodman

If you earned $50,000 a year in Dallas, here’s what you’d need to make in other cities to enjoy the same standard of living:


How-Much-Does-It-Take-to-be-Middle-Class

New Underground Economy

New Underground Economy

by Richard W. Rahn
The underground or "black" economy is rapidly rising, and the fault is mainly due to government policies.

Here is the evidence. The Federal Deposit Insurance Corp. (FDIC) released a report last week concluding that 7.7 percent of U.S. households, containing at least 17 million adults, are unbanked (i.e. those who do not have bank accounts), and an "estimated 17.9 percent of U.S. households, roughly 21 million, are underbanked" (i.e., those who rely heavily on nonbank institutions, such as check cashing and money transmitting services). As an economy becomes richer and incomes rise, the normal expectation is that the proportion of the unbanked population falls and does not rise as is now happening in the United States.

Tax revenues are falling far more rapidly at the federal, state and local level than would be expected by the small drop in real gross domestic product (GDP) and changes in tax law that have occurred since the recession began. The currency in circulation outside the U.S. Treasury, Federal Reserve banks and the vaults of depository institutions - that is, the currency held by individuals and businesses - has grown by 13.3 percent in the last two years, while real nominal (not inflation-adjusted) GDP has not grown at all, and real (inflation-adjusted) GDP incomes have fallen by more than 3 percent. With the growth of electronic means of payment and financial service providers, it would be expected that the currency component of GDP would fall, not rise.

The underground economy refers to both legal activities, such as often found in construction and services industries where taxes are not withheld and paid, and illegal activities, such as drug dealing and prostitution.

Countries such as the United States, Switzerland and Japan historically have had relatively small, nonreporting and/or illegal sectors, a typical estimate being 13 percent of GDP.

Most European countries have had somewhat larger underground sectors (typically 20 percent or so) in part because of the desire to escape higher tax rates. Italy and some of the other Southern European countries are believed to have underground sectors that account for 30 percent or more of all economic activity.

I recall an Italian finance minister telling a few of us at a meeting a couple of decades ago that, for policy purposes, he assumed that "the economy was 40 percent larger than what was reported." In some developing countries and/or highly corrupt countries, underground or "off the books" activities are estimated to be as high as 70 percent of all economic activity.

The FDIC report about the size of the unbanked or underbanked sector in the U.S. should be of concern because those who do not use the banking system often have to pay higher fees to cash checks, pay bills (e.g., money orders, etc.), or transmit funds.

People who keep their savings in cash at home rather than in banks make themselves easier prey for criminals and are more likely to lose their money to fire, flood, or just neglect. Not surprisingly, a majority (71 percent) of the unbanked have household incomes of less than $30,000 per year.

There are many reasons people do not have bank accounts. Banks, because of the "know your customer" and other anti-money laundering regulations, make it difficult for nonestablished people, such as the young and transient, as well as legal and illegal immigrants, to open bank accounts.

Also, many of these same regulations are responsible for the rise in bank fees, which are a particular burden for low-income people. You can be sure that every time Congress passes some new law or the IRS implements some new regulation to "get tax cheats," much of the real burden of these compliance costs will fall on those least able to afford it, while those intent on finding their way around it will do so.

People also avoid having bank accounts because they are vulnerable to asset seizure, judgments, levies, etc. Increasingly, bankers and others who provide financial services are forced by governments to spy and snitch on their own customers, and this is a real turnoff for many people, which causes them to find other ways of maintaining financial privacy.

Many studies have shown that when people believe the taxes they are required to pay are reasonable and the political leaders tend to spend their tax dollars wisely, tax compliance rises, and vice versa. In the United States, there is increased evidence that many tax dollars are not being spent wisely and are often used to pay off political cronies.

Over the past year in particular, the public has become aware that many in Washington who advocate higher taxes and argue that everyone has a responsibility to pay taxes are themselves not complying with the tax laws and regulations.

When you have a secretary of the Treasury and the chairman of the House Ways and Means Committee (the tax writing committee) accused of cheating on their taxes, it greatly undermines the moral authority of the tax collectors, making the common citizens feel like chumps and, hence, much more willing to try to legally avoid or illegally evade taxes themselves.

The evidence is unambiguous; governments cannot increase tax compliance and decrease the size of the underground economy by ever increasing and more onerous regulations.

It is no accident that those governments that allow their citizens a high degree of personal and financial liberty, including financial privacy, and spend taxpayer dollars wisely, honestly and competently, have much smaller underground sectors than corrupt and oppressive governments. Washington, take note.

5 best sentences

These are possibly the 5 best sentences you'll ever read. This is one paragraph that should be in every book in every school room in every city in every state in our great Union ... Our educators should make a lesson plan on this one statement and instill these words in the minds of all students.

"You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

What one person receives without working for, another person must work for without receiving.

The government cannot give to anybody anything that the government does not first take from somebody else.

When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation..
You cannot multiply wealth by dividing it."


Fix The Banking System In 4 Steps



I spoke today on the Morning Meeting about the four steps the government could take to fix the U.S. banking system and stop the ongoing and expanding corruption of our country. These simple solutions come from the litany of people that I speak with who seek to change the mega-casino our government has built during the past 10 years back to one built on investors, innovators and workers creating things that benefit society.  Unfortunately, our current leaders want to take the easy road of sustaining the casino economy with what I like to call the Magic Money Machine.  Except as with all magic, there's actually a trick; in this case, it is a large bill that will be left to those of us unfortunate enough to still be around when it comes due.  Here are the four pieces of regulation that taxpayers should be demanding from their leaders:
1. Inject transparency, primarily to bring almost $600 trillion of crooked insurance scams to the forefront.  Force almost all swaps onto exchanges, not just the 20% as current proposed reform does.

Secretary Geithner, Chairman Frank and Chairman Dodd are protecting the last of the Wall Street secret money-making schemes. They don't want to force transparency on this market because it would disclose the fraud this massive bank scheme is -- a taxpayer subsidized secret insurance market which sells cheap insurance to hedge funds, power and food and energy companies, and makes for huge profits at banks and insurance companies. Insurance and idle speculation in secret is a brilliant way for banks and other financial services companies to make money (who doesn't want to collect insurance premiums every month for something you'll never have to pay for?!) And a great way to make oil, food and electricity company CEOs richer as they pay less for their insurance. One problem -- they are all surfing on the taxpayers back to the tune of $24 trillion at risk last I checked -- and the U.S. government is the one letting them do it. Still. Now bigger than ever.

2. Demand capital to back Wall Street's gambling.

In Vegas, you need to have actual money to gamble. Your own money. It's crazy, but true. Even today, in many cases more than ever, U.S. banks use America's FDIC insured safe deposits to fund their own mad bonus-seeking speculation. Once the banks blow through that -- they borrow from the biggest money printing house in the world, the U.S. Federal Reserve to do the same thing. This is truly insane. The banks and their traders keep the upside. You, the taxpayer, keep the downside. No one else in the world can pay themselves billions to take infinite risk with little or no money down, except a big bank CEO. And we thought they were good at their jobs making all that money, when all they did was rig the game using our government to do it.

3. Enact a tax-code to encourage long-term investment and discourage short-term profit. Fortunes should not be made in minutes but over years through the creation of value to society.
  
As long as the easiest way for a man or woman to make money is to spend their day clicking for dollars, why would they bother doing all the work of investing in the long-term economic development of private business in America? Tax code in general should encourage investment, jobs, and innovation in America and discourage idle speculation as the easiest way for a college kid to get rich.  There are sensible ways to use tax policy to encourage this that do not hamper liquidity.

4. Break up the Too Big To Fail banking institutions. Start with Goldman Sachs and J.P. Morgan. Right Now.
      
How do you expect any other business to compete with the chosen few who are guaranteed profits? The more risk they take, the more they make. Why do you think they invented a fake $600 Trillion secret derivative market in the first place? Bigger bonuses baby. All upside. No downside. Thank you Uncle Sam. Thank you Secretary Geithner.

Dylan Ratigan On Corporate Communism

Dylan Ratigan On Corporate Communism: "$24 Trillion Of National Capital Is Being Sucked Into A Broken Banking System At Our Expense"

  • "The beneficiaries of an ongoing $24 trillion taxpayer-funded bailout...$24 trillion dollars."
  • "That is national capital that is being sucked into a broken banking system at the expense of the rest of our country.  They continue to use "Too Big To Fail" as blackmail to the taxpayer in order to get us to provide capital to them."
  • "It is a system that takes resources from the citizenry and redistributes it to a tiny elite."
  • "A handful of weak, un-competitive, outdated companies and industries are purchasing control of the American political system in order to stay in business using their cronyism.
  • "It is coming at the direct expense of the rest of us in this nation.  And it's a total betrayal of everything that represents America."

TEN FOR '10: WINNING WASHINGTON BY EMPOWERING AMERICANS


TEN FOR '10: WINNING WASHINGTON BY EMPOWERING AMERICANS
1) Taxpayers' Bill of Rights (TABOR). Limit federal spending growth to the percentage in population growth plus the rate of inflation; provide taxpayers the option of filing a post-card sized return using a low, flat tax rate of 15%

2) End Tax-funded abortions. Stop federal payments to Planned Parenthood and prohibit any taxpayer-subsidized health insurance plan from covering abortion

3) Defend American Borders. Complete America's border-protection initiatives using remaining funds from the so-called stimulus bill

4) King Dollar. Preserve a strong dollar so that Americans' savings aren't wiped out by inflation and the U.S. dollar remains the world's reserve currency

5) Empower American Business. Immediately slash corporate tax rates to 15% and scrap the capital-gains tax altogether

6) Defend America. Strengthen America to defend our homeland and fully fund an operational, layered missile-defense system

7) Statism Exit Plan. De-fund czars; immediately cease bailout payments to failed companies; ban future bailouts

8) End Generational Theft. As few believe America's entitlement programs will be able to pay benefits to future generations, provide younger workers the choice of diverting payroll/Social Security taxes into personal retirement accounts

9) Restore America's System of Justice. Introduce penalties for frivolous lawsuits, where those who launch unsuccessful lawsuits are liable for the defendants' legal bills

10) American Energy Independence. All-of-the-Above strategy that embraces alternatives, expands and accelerates exploration and production of oil and natural gas, and jumpstarts dramatic increases in nuclear power
Backers/Signatories
- Tom Price (R-Ga.), chairman of the Republican Study Committee
- Michael Williams, Texas Railroad Commissioner & Republican candidate for Senate
- Rep. Jep Hensarling (R-Texas), member of the Republican Study Committee
- Rick Crawford, Republican congressional candidate, Arkansas first district
- Marco Rubio, Florida Republican senatorial candidate 
         
  

Audit the Federal Reserve

One of the pressing issues on Bernie's mind: That the Senate will pass S 604, their version of Ron Paul's bill to audit the Federal Reserve.

Sponsor: Sen Sanders, Bernard [VT] (introduced 3/16/2009)      Cosponsors (28)
Related Bills: H.R.1207

Sponsor: Rep Paul, Ron [TX-14] (introduced 2/26/2009)      Cosponsors (294)
Related Bills: S.604

Are you crazy? It is broke!!

The U.S. Postal Service was established in 1775 - you have had 234 years to get it right; it is broke.
Social Security was established in 1935 - you have had 74 years to get it right; it is broke.
Fannie Mae was established in 1938 - you have had 71 years to get it right; it is broke.
The "War on Poverty" started in 1964 - you have had 45 years to get it right; $1 trillion of our money is confiscated each year and transferred to "the poor"; it hasn't worked and our entire country is broke.
Medicare and Medicaid were established in 1965 - you've had 44 years to get it right; they are broke.
Freddie Mac was established in 1970 - you have had 39 years to get it right; it is broke.
Trillions of dollars were spent in the massive political payoffs called TARP, the "Stimulus", the Omnibus Appropriations Act of 2009... none show any signs of working, although ACORN appears to have found a new victim: the American taxpayer.
And finally, to set a new record:
"Cash for Clunkers" was established in 2009 and went broke in 2009! It took good dependable cars (that were the best some people could afford) and replaced them with high-priced and less-affordable cars, mostly Japanese. A good percentage of the profits went out of the country. And the American taxpayers take the hit for Congress' generosity in burning three billion more of our dollars on failed experiments.
So with a perfect 100% failure! rate and a record that proves that "services" you shove down our throats are failing faster and faster, you want Americans to believe you can be trusted with a government-run health care system?

20% of our entire economy?

With all due respect,

Are you crazy?

book signing for Michelle Malkin today

Went by the book signing for Michelle Malkin today. Such a long line I couldn't wait. Tried coming back a little later but she had gone. I'll bet not all the people got their books signed. I went up to watch her and get a few pictures. What a pleasant growd and Michelle, jeeze I don't how she did it. Managing to be so nice and polite to everyone. Smiling and pictures with her fans. I only saw one decrementing voice. Some extremist leftist jerk. Ha, what a loser. I sure wanted a chance to talk to her and get my pic with her but no.

Star Parker - Syndicated Columnist

Six years ago I wrote a book called Uncle Sam's Plantation. I wrote the book to tell my own story of what I saw living inside the welfare state and my own transformation out of it.

I said in that book that indeed there are two Americas -- a poor America on socialism and a wealthy America on capitalism..

I talked about government programs like Temporary Assistance for Needy Families (TANF), Job Opportunities and Basic Skills Training (JOBS), Emergency Assistance to Needy Families with Children (EANF), Section 8 Housing, and Food Stamps.

A vast sea of perhaps well-intentioned government programs, all initially set into motion in the 1960s, that were going to lift the nation's poor out of poverty.

A benevolent Uncle Sam welcomed mostly poor black Americans onto the government plantation. Those who accepted the invitation switched mindsets from "How do I take care of myself?" to "What do I have to do to stay on the plantation?"

Instead of solving economic problems, government welfare socialism created monstrous moral and spiritual problems -- the kind of problems that are inevitable when individuals turn responsibility for their lives over to others.

The legacy of American socialism is our blighted inner cities, dysfunctional inner city schools, and broken black families.

Through God's grace, I found my way out. It was then that I understood what freedom meant and how great this country is.

I had the privilege of working on welfare reform in 1996, passed by a Republican Congress and signed 50 percent.

I thought we were on the road to moving socialism out of our poor black communities and replacing it with wealth-producing American capitalism.

But, incredibly, we are going in the opposite direction.

Instead of poor America on socialism becoming more like rich American on capitalism, rich America on capitalism is becoming like poor America on socialism.

Uncle Sam has welcomed our banks onto the plantation and they have said, "Thank you, Suh."

Now, instead of thinking about what creative things need to be done to serve customers, they are thinking about what they have to tell Massah in order to get their cash.

There is some kind of irony that this is all happening under our first black president on the 200th anniversary of the birthday of Abraham Lincoln.

Worse, socialism seems to be the element of our new young president. And maybe even more troubling, our corporate executives seem happy to move onto the plantation.

In an op-ed on the opinion page of the Washington Post, Mr. Obama is clear that the goal of his trillion dollar spending plan is much more than short term economic stimulus.

"This plan is more than a prescription for short-term spending -- it's a strategy for America 's long-term growth and opportunity in areas such as renewable energy, healthcare, and education."

Perhaps more incredibly, Obama seems to think that government taking over an economy is a new idea. Or that massive growth in government can take place "with unprecedented transparency and accountability."

Yes, sir, we heard it from Jimmy Carter when he created the Department of Energy, the SynfuelsCorporation, and the Department of Education.

Or how about the Economic Opportunity Act of 1964 -- The War on Poverty -- which President Johnson said "...does not merely expand old programs or improve what is already being done. It charts a new course. It strikes at the causes, not just the consequences of poverty."

Trillions of dollars later, black poverty is the same. But black families are not, with triple the incidence of single-parent homes and out-of-wedlock births.

It's not complicated. Americans can accept Barack Obama's invitation to move onto the plantation.. Or they can choose personal responsibility and freedom.

Does anyone really need to think about what the choice should be?

"The trouble with socialism is that you eventually run out of other people's money."

Islam is not a religion, nor is it a cult.



Islam is not a religion, nor is it a cult. In its fullest form, it is a complete, total, 100% system of life.

Islam has religious, legal, political, economic, social, and military components. The religious component is a beard for all of the other components.

Islamization begins when there are sufficient Muslims in a country to agitate for their religious privileges.

When politically correct, tolerant, and culturally diverse societies agree to Muslim demands for their religious privileges, some of the other components tend to creep in as well.

Here's how it works.

1.......As long as the Muslim population remains around or under 2% in any given country, they will be for the most part be regarded as a peace-loving minority, and not as a threat to other citizens. This is the case in:

United States -- Muslim 0.6% Australia -- Muslim 1.5% Canada -- Muslim 1.9% China -- Muslim 1.8% Italy -- Muslim 1.5% Norway -- Muslim 1.8%

2.......At 2% to 5%, they begin to proselytize from other ethnic minorities and disaffected groups, often with major recruiting from the jails and among street gangs. This is happening in:

Denmark -- Muslim 2% Germany -- Muslim 3.7% United Kingdom -- Muslim 2.7% Spain -- Muslim 4% Thailand -- Muslim 4.6%

3.......From 5% on, they exercise an inordinate influence in proportion to their percentage of the population. For example, they will push for the introduction of halal (clean by Islamic standards) food, thereby securing food preparation jobs for Muslims. They will increase pressure on supermarket chains to feature halal on their shelves -- along with threats for failure to comply. This is occurring in:

France -- Muslim 8% Philippines -- Muslim 5% Sweden -- Muslim 5% Switzerland -- Muslim 4.3% The Netherlands -- Muslim 5.5% Trinidad & Tobago -- Muslim 5.8%

At this point, they will work to get the ruling government to allow them to rule themselves (within their ghettos) under Sharia, the Islamic Law. The ultimate goal of Islamists is to establish Sharia law over the entire world.

4.......When Muslims approach 10% of the population, they tend to increase lawlessness as a means of complaint about their conditions. In Paris, we are already seeing car-burnings. Any non-Muslim action offends Islam, and results in uprisings and threats, such as in Amsterdam , with opposition to Mohammed cartoons and films about Islam. Such tensions are seen daily, particularly in Muslim sections, in:

Guyana -- Muslim 10% India -- Muslim 13.4% Israel -- Muslim 16% Kenya -- Muslim 10% Russia -- Muslim 15%

5.......After reaching 20%, nations can expect hair-trigger rioting, jihad militia formations, sporadic killings, and the burnings of Christian churches and Jewish synagogues, such as in:

Ethiopia -- Muslim 32.8%

6.......At 40%, nations experience widespread massacres, chronic terror attacks, and ongoing militia warfare, such as in:

Bosnia -- Muslim 40% Chad -- Muslim 53.1% Lebanon -- Muslim 59.7%

7.......From 60%, nations experience unfettered persecution of non-believers of all other religions (including non-conforming Muslims), sporadic ethnic cleansing (genocide), use of Sharia Law as a weapon, and Jizya, the tax placed on infidels, such as in:

Albania -- Muslim 70% Malaysia -- Muslim 60.4% Qatar -- Muslim 77.5% Sudan -- Muslim 70%

8.......After 80%, expect daily intimidation and violent jihad, some State-run ethnic cleansing, and even some genocide, as these nations drive out the infidels, and move toward 100% Muslim, such as has been experienced and in some ways is on-going in:

Bangladesh -- Muslim 83% Egypt -- Muslim 90% Gaza -- Muslim 98.7% Indonesia -- Muslim 86.1% Iran -- Muslim 98% Iraq -- Muslim 97% Jordan -- Muslim 92% Morocco -- Muslim 98.7% Pakistan -- Muslim 97% Palestine -- Muslim 99% Syria -- Muslim 90% Tajikistan -- Muslim 90% Turkey -- Muslim 99.8% United Arab Emirates -- Muslim 96%

9.......100% will usher in the peace of 'Dar-es-Salaam' -- the Islamic House of Peace. Here there's supposed to be peace, because everybody is a Muslim, the Madrasses are the only schools, and the Koran is the only word, such as in:

Afghanistan -- Muslim 100% Saudi Arabia -- Muslim 100% Somalia -- Muslim 100% Yemen -- Muslim 100%

Unfortunately, peace is never achieved, as in these 100% states the most radical Muslims intimidate and spew hatred, and satisfy their blood lust by killing less radical Muslims, for a variety of reasons.

'Before I was nine I had learned the basic canon of Arab life. It was me against my brother; me and my brother against our father; my family against my cousins and the clan; the clan against the tribe; the tribe against the world, and all of us against the infidel. -- Leon Uris, 'The Haj'

It is important to understand that in some countries, with well under 100% Muslim populations, such as France, the minority Muslim populations live in ghettos, within which they are
100% Muslim, and within which they live by Sharia Law. The national police do not even enter these ghettos. There are no national courts, nor schools, nor non-Muslim religious facilities. In such situations, Muslims do not integrate into the community at large. The children attend madrasses. They learn only the Koran. To even associate with an infidel is a crime punishable with death. Therefore, in some areas of certain nations, Muslim Imams and extremists exercise more power than the national average would indicate.

Today's 1.5 billion Muslims make up 22% of the world's population. But their birth rates dwarf the birth rates of Christians, Hindus, Buddhists, Jews, and all other believers. Some say Muslims will exceed 50% of the world's population by the end of this century.

The Cloward-Piven Strategy, A Manufactured Crisis

The strategy of forcing political change through orchestrated crisis…. …the “Cloward-Piven Strategy” seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands, thus pushing society into crisis and economic collapse.

From this web site of The American Daughter

and this one from the american thinker

and also this site from Truth & Consequeces

It comes in three parts this is the first part with links to the other two.

A must read for all who are concerned about the direction our country is headed.

Cloward and Piven were specific about the kind of "crisis" they were trying to create:

By crisis, we mean a publicly visible disruption in some institutional sphere. Crisis can occur spontaneously (e.g., riots) or as the intended result of tactics of demonstration and protest which either generate institutional disruption or bring unrecognized disruption to public attention.

No matter where the strategy is implemented, it shares the following features:

1. The offensive organizes previously unorganized groups eligible for government benefits but not currently receiving all they can.

2. The offensive seeks to identify new beneficiaries and/or create new benefits.

3. The overarching aim is always to impose new stresses on target systems, with the ultimate goal of forcing their collapse.

Rudy Giuliani cited Cloward and Piven by name as being responsible for "an effort at economic sabotage." He also credited Cloward-Piven with changing the cultural attitude toward welfare from that of a temporary expedient to a lifetime entitlement, an attitude which in-and-of-itself has caused perhaps the greatest damage of all.

As they gleefully observed:
Moreover, this kind of mass influence is cumulative because benefits are continuous. Once eligibility for basic food and rent grants is established, the drain on local resources persists indefinitely.

ACORN's voter rights tactics follow the Cloward-Piven Strategy:

* 1. Register as many Democrat voters as possible, legal or otherwise and help them vote, multiple times if possible.

* 2. Overwhelm the system with fraudulent registrations using multiple entries of the same name, names of deceased, random names from the phone book, even contrived names.

* 3. Make the system difficult to police by lobbying for minimal identification standards.

Cloward and Piven's aspirations for ACORN's voter registration efforts:

By advocating massive, no-holds-barred voter registration campaigns, they [Cloward & Piven] sought a Democratic administration in Washington, D.C. that would re-distribute the nation's wealth and lead to a totalitarian socialist state.

Illegal Immigration

As written elsewhere, the Radical Left's offensive to promote illegal immigration is "Cloward-Piven on steroids." ACORN is at the forefront of this movement as well.

Mortgage Crisis

In the 1980s, groups such as the activists at ACORN began pushing charges of "redlining"-claims that banks discriminated against minorities in mortgage lending. In 1989, sympathetic members of Congress got the Home Mortgage Disclosure Act amended to force banks to collect racial data on mortgage applicants; this allowed various studies to be ginned up that seemed to validate the original accusation.

A 1995 strengthening of the Community Reinvestment Act required banks to find ways to provide mortgages to their poorer communities. It also let community activists intervene at yearly bank reviews, shaking the banks down for large pots of money.
Banks that got poor reviews were punished; some saw their merger plans frustrated; others faced direct legal challenges by the Justice Department.

Enter Barack Obama

The chart puts Barack Obama at the epicenter of an incestuous stew of American radical leftism. Not only are his connections significant, they practically define who he is. Taken together, they constitute a who's who of the American radical left, and guiding all is the Cloward-Piven strategy.

Conspicuous in their absence are any connections at all with any other group, moderate, or even mildly leftist. They are all radicals, firmly bedded in the anti-American, communist, socialist, radical leftist mesh.