Commentary: Strange, at the Very Least

Commentary: Strange, at the Very Least

Befuddling Moves by our President
#930c
John W. Ritenbaugh
Given 04-Apr-09; 10 minutes

listen:

description: (hide) John Ritenbaugh, reminding us of the biblical principle, the "borrower is the servant to the lender," marvels about President Obama’s incredibly naive ignorance about economic matters. In the real world, the creditor will not let the lender get away with stealing. Obama’s handlers are banking on the assumption that the Chinese will never foreclose on the debt. It has been reported that Hillary Clinton offered eminent domain to the Chinese in return for their continued lending. Last week Obama fired the CEO of General Motors, demanding that the company guarantee the debt to purchasers of automobiles. Last week, Treasury Secretary Timothy Geithner, over-riding the Constitution, threatened all banking institutions that he would terminate CEO’s at will. It seems that this hell-bent drive to Marxist, international socialism is driven by insoluble economic debt and will lead to loss of sovereignty, and will inevitably lead to persecution of the innocent.