Fox in the Henhouse
Research for Online Investors

by John Dalt

3/26/10

Subscriber B.A. called last night and interrupted the NCAA basketball tournament on TV.  B.A. is an old college buddy, and president of a community bank.  “How did we get to this point?” he asked me.  B.A. had obviously just finished his taxes and was incredulous at the taxes he owed, fishing for answers in a murky pond.

B.A. told me last weekend was the worst.  K.U. lost in the basketball tournament on Saturday night, and congress passed the Senate health care bill on Sunday night.  He had to drink adult beverages to stomach both and found it hard to make it to work on Monday.  By midweek he confirmed he would be sending a check to the IRS instead of buying a new mid-level luxury car.

My brother-in-law called this morning to talk about the KSU basketball game last night.  We got around to politics, he is angry at the County Commissioners and Sheriff.  A new county statute gives 911 dispatchers the power to approve any open burning by farmers or ranchers.  If the dispatcher doesn’t give you approval to burn a pasture, pile of trees or ditch, the Sheriff can site you with a misdemeanor and levy a fine.

Freedom slips away, we complain, and go on with our lives.  I ordered some more copies of Atlas Shrugged to give away.  One is reserved for our family doctor.  I don’t know where we will go when he quits.  He told me a month ago he and most doctors he knew would retire if OBAMA Care passed.  I called his office yesterday, he was out.  What a shame.  He was recognized a few years ago as “General Practioner of the Year” in our state.  He is one of the best, his son is studying to be a surgeon.  A family’s dreams destroyed by political hacks.

Subscriber D.E. sent an interesting article in an email.  You can access the full article and other good information at American Thinker.

The article is written by Jim Simpson, a former White House staff economist and budget analyst.  I would like to quote a few of his points.

“It is time to cast aside all remaining doubt. President Obama is not trying to lead America forward to recovery, prosperity and strength. Quite the opposite, in fact.”

The author explains the Strategy of Manufactured Crisis, originally identified by David Horowitz.  He explains, “The Cloward-Piven Strategy seeks to hasten the fall of capitalism by overloading the government bureaucracy with a flood of impossible demands...pushing society into a crisis and economic collapse.”

“Richard Cloward and Frances Fox Piven were two lifelong members of Democratic Socialists of America and taught sociology at Columbia University (Piven later went on to City University of New York). In a May, 1966 Nation magazine article titled "The Weight of the Poor," they outlined their strategy, proposing to use grassroots radical organizations to push ever more strident demands for public services at all levels of government.”

“The result, they predicted, would be “a profound financial and political crisis” that would unleash "powerful forces ... for major economic reform at the national level." They implemented the Strategy by creating a succession of radical organizations but most notably the Association of Community Organizations for Reform Now (ACORN), with the help of veteran organizer Wade Rathke. Their crowning achievement was the "Motor Voter" act, signed into law by Bill Clinton in 1993 with Cloward and Piven standing behind him.”

I was a County Commissioner when “Motor Voter” was passed into law.  What a mess.  Prior to “Motor Voter” citizens had to come into the courthouse with a utility bill or some documents to prove residency and a birth certificate to prove citizenship.  All that went out the window, if they said they were a citizen and resident, they got to vote.  It was a bold attempt to stuff ballot boxes with votes that were not legal or trackable.

“ACORN was one of the chief drivers of high-risk mortgage lending that eventually led to the financial crisis. But the Motor Voter law was another component of the strategy. It created vast vulnerabilities in our electoral system which ACORN then exploited.”

“The Motor Voter law has also been used to open another vulnerability in the system: the registration of vast numbers of illegal aliens, who then vote reliably Democrat. Herein lies the real reason Democrats are so anxious for open borders, security be damned.”

“It should be clear to anyone with a mind and two eyes that this president and this Congress do not have our interests at heart.  They are implementing this strategy on an unprecedented scale by flooding America with a Tidal Wave of poisonous initiatives, orders, regulations and laws.  As Rahm Emmanuel said, “A crisis is a terrible thing to waste.”

“The real goal of "healthcare" legislation, the real goal of "cap and trade," the real goal of "stimulus" is to rip the guts out of our private economy and transfer wide swaths of it over to government control. Do not be deluded by the propaganda. These initiatives are vehicles for change. They are not goals in and of themselves, except in their ability to deliver power, and will make matters much worse, for that is their design.”

“Their ultimate goal is to leave us so discouraged, demoralized and exhausted that we throw our hands up in defeat. As Barney Frank said "the middle class will be too distracted to fight."

"These people are our enemies. They don't use guns, yet, but they are just as dangerous, determined and duplicitous as the communists we faced in the Cold War, Korea, Vietnam and bush wars across the globe, and the Nazis we faced in World War II. It is time we fully internalized a nd digested this fact, with all its ugly ramifications.”

I encourage you to read the full article, but I have used most of it as it was to good to heavily edit.  I thought a little light reading before the weekend would give us all a little bounce in our step.  IT IS GREAT TO BE AN AMERICAN.  Oh, sorry that was under Ronald Reagan.

The problems start small with county statutes, school district budgets and political correctness.  Stupid people have been put in charge of great responsibility, and screwed it up.  Very smart and deceitful people have been given a great trust, and are betraying it.  What are our responsibilities?  I don’t know, but feel confident we must do more than just pay for it all.

If you haven’t watched the Milton Friedman video on our home page lately, have a visit with an old friend this weekend.  This eight minute video will give you a boost.  Remember Plato’s warning to us, “The penalty good men pay for indifference to public affairs is to be ruled by evil men.”

The information presented in this newsletter is based on generally available news releases, corporate filings, current events, interviews and the editor’s opinions.  It may contain errors and you should not make investment decisions based solely on what you believe you have read here.  Do your own research, it is your money.  If you lose it, it is your responsibility, not ours or your grandmothers!  The editor may or may not have a position in any securities discussed.  The editor may have held a position in a security earlier, or in the future.

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