Obama fears 'on your own' society

Obama fears 'on your own' society

GREENSBORO, N.C. — Presidential candidate Barack Obama, largely ignoring his Democratic rival for now, ridiculed likely Republican nominee John McCain on Wednesday for offering "not one single idea" to help hard-pressed homeowners facing foreclosure.
"George Bush called this the ownership society, but what he really meant was 'you're-on-your-own' society," Obama told a town hall meeting here, tying McCain to a president whose popularity is low. "John McCain apparently wants to continue this."

The Illinois senator touched on some themes he's likely to strike today at 9:15 a.m. ET in what his campaign bills as a major economic address, at New York's Cooper Union.

Tuesday, McCain warned that some proposals for government intervention in the housing crisis would rescue banks and borrowers who acted irresponsibly.

Campaigning in California on Wednesday, McCain told reporters "we may have to do more" to help homeowners. "But raise taxes as Sen. Obama wants to do, or some kind of massive bailout that is a needless expenditure of taxpayer dollars, is obviously something that I don't support," he said

Sounds scary, doesn't it? Having to be responsible for your actions? Actually, that's been the FOUNDATION of this country for so long, but while America is going sleepy sleep on the hypnotizing message of 'hope and change' we are promoting candidates who are openly socialist. Read the transcript at Glennbeck.com.
Obama proposes 30 Million Dollar bail-out for mortgage crisis.

(And who is going to pay for this bail-out. Once again a non-business person is going to make it even worse than it is. Feeding the poor from the poor doesn't make us better off.)


By Matthew Bigg

NEW YORK (Reuters) - Democratic presidential candidate Barack Obama proposed greater government regulation of the U.S. financial system and a new $30 billion economic stimulus plan on Thursday in response to the housing crisis.

Both Obama and his Democratic rival, New York Sen. Hillary Clinton, accused Republican candidate John McCain of supporting little to ease the current credit and housing problems, which drew a quick response from the McCain camp.

The focus on the economy mirrors its pressing importance for Americans. A Pew Research Center poll said people are as negative as they were during the recession of the early 1990s, with just 11 percent rating the economy as excellent or good.

Obama said under Republican and Democratic administrations -- a slap at Clinton's husband, 1990s Democratic President Bill Clinton -- an era of financial deregulation created conditions that pushed the U.S. economy to the brink of a new recession.

"It is time for the federal government to revamp the regulatory framework dealing with our financial markets," the Illinois senator said in a wide-ranging speech on the economy.

In a month when the U.S. Federal Reserve helped shore up the ailing financial system and financed the takeover of Bear Stearns, a major Wall Street investment firm, Obama said the new rules should include liquidity and capital requirements for financial institutions.

"If you can borrow from the government, you should be subject to government oversight and supervision," he said.

The Bush administration's two-year, $168 billion stimulus package aimed at propping up the economy is about to take effect, with $152 billion to be doled out this year. Continued...

Black Liberation Is Marxist Liberation

Black Liberation Is Marxist Liberation
By Anthony B. Bradley

One of the pillars of Obama's home church, Trinity United Church of Christ, is "economic parity." On the website, Trinity claims that God is not pleased with "America's economic mal-distribution." Among all of controversial comments by Jeremiah Wright the idea of massive wealth redistribution is the most alarming. The code language "economic parity" and references to "mal-distribution" is nothing more than channeling the twisted economic views of Karl Marx. Black liberation theologians have explicitly stated a preference for Marxism as an ethical framework for the black church because Marxist thought is predicated on a system of oppressor class (whites) versus victim class (blacks).

Black Liberation theologians James Cone and Cornel West have worked diligently to embed Marxist thought into the black church since the 1970s. For Cone, Marxism best addressed remedies to the condition of Blacks as victims of White oppression. In For My People, Cone explains that "the Christian faith does not possess in its nature the means for analyzing the structure of capitalism. Marxism as a tool of social analysis can disclose the gap between appearance and reality, and thereby help Christians to see how things really are."

In God of the Oppressed, Cone said that Marx's chief contribution is "his disclosure of the ideological character of bourgeois thought, indicating the connections between the 'ruling material force of society' and the 'ruling intellectual' force." Marx's thought is useful and attractive to Cone because it allows Black theologians to critique racism in America on the basis of power and revolution.

For Cone, integrating Marx into Black theology helps theologians see just how much social perceptions determine theological questions and conclusions. Moreover, these questions and answers are "largely a reflection of the material condition of a given society."

In 1979, Cornel West offered a critical integration of Marxism and Black theology in his essay, "Black Theology and Marxist Thought" because of the shared human experience of oppressed peoples as victims. West sees a strong correlation between Black theology and Marxist thought because "both focus on the plight of the exploited, oppressed and degraded peoples of the world, their relative powerlessness and possible empowerment." This common focus prompts West to call for "a serious dialogue between Black theologians and Marxist thinkers"--a dialogue that centers on the possibility of "mutually arrived-at political action."

In his book Prophesy Deliverance, West believes that by working together, Marxists and Black theologians can spearhead much-needed social change for those who are victims of oppression. He appreciates Marxism for its "notions of class struggle, social contradictions, historical specificity, and dialectical developments in history" that explain the role of power and wealth in bourgeois capitalist societies. A common perspective among Marxist thinkers is that bourgeois capitalism creates and perpetuates ruling-class domination--which, for Black theologians in America, means the domination and victimization of Blacks by Whites. American has been over run by "White racism within mainstream establishment churches and religious agencies," writes West.

Perhaps it is the Marxism imbedded in Obama's attending Trinity Church that should raise red flags. "Economic parity" and "distribution" language implies things like government-coerced wealth redistribution, perpetual minimum wage increases, government subsidized health care for all, and the like. One of the priorities listed on Obama's campaign website reads, "Obama will protect tax cuts for poor and middle class families, but he will reverse most of the Bush tax cuts for the wealthiest taxpayers."

Black Liberation Theology, originally intended to help the black community, may have actually hurt many blacks by promoting racial tension, victimology, and Marxism which ultimately leads to more oppression. As the failed "War on Poverty" has exposed, the best way to keep the blacks perpetually enslaved to government as "daddy" is to preach victimology, Marxism, and seduce blacks into thinking that upward mobility is someone else's responsibility in a free society.

Anthony B. Bradley is a research fellow at the Acton Institute, and assistant professor of theology at Covenant Theological Seminary in St. Louis. His PhD dissertation is titled, "Victimology in Black Liberation Theology."

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Starling, 2 questions:

1. Who's paying for the $30 BILLION bail out of Bear Stearns?

2. Since when is the widening gap between the rich and poor (largest gap since late 1920's--what happened next btw?)---since when is this concern a "black theology" concern?

1. If you rented a lot of money (i.e. signed a mortgage) to try to buy a house you couldn't afford over the life of the loan, then you should lose the house. You will have to get housing more within your means.

2. With all those houses entering the market, no one needs to be homeless. Those who are foreclosed upon can just rent housing. The vacancy rate in the US is now almost 3% for empty and for-sale houses and condos, ALONE. The total vacancy rate (when adding empty apartments and vacation homes) is 13%. There just isn't a shortage of housing by any rational measure.

3. All that Obama, Clinton, Dodd and the others are doing is putting all the taxpayers on the hook for people who couldn't afford outrageous housing in the first place. All you who live in sensible housing (modest houses and apartments, and some (a FEW) downtown condos) are going to be PUNISHED for trying to live within your means. That's what the Democrats are pushing here: FINANCIAL IRRESPONSIBILITY.

That's what the Democrats are pushing here: FINANCIAL IRRESPONSIBILITY

Hello? Bear Stearns? What do you call a $30 billion taxpayer bailout of the financial markets?

See? Both parties & all candidates stink to high heaven.

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