Wednesday, March 2, 2011

Silent Assault and a Somnambulant Press

Will the Media Pay Attention?
As the past three years have passed us by, most people have watched in bewilderment as our new president and previous Congress have sent America into a nosedive on the world stage and the financial leader board. While our standing in the world has plummeted, our debt has skyrocketed, and in the process, two classes of people have been formed; those who shriek for the madness to end and those who dance in rapture at what Obama has done.

Most of the latter group believes - by virtue of massive doses of misinformation - that the current economic precipice on which we find ourselves is because of George W. Bush's policies. It doesn't matter that the economy was humming along just fine for Bush's first 6½ years in office, or that the decline began shortly after the Democrats regained control of Congress. All they know is what they have been told by the Democratic politicians and a compliant media.

So it stands to reason that they would never accept what I am about to propose, based on recent revelations.

Just a few days ago, the Washington Times exposed a nearly two-year-old report that shines a new light on the subject, casting a significantly different shadow. Kevin D. Freeman of Cross Consulting and Services, LLC was commissioned by the Department of Defense Irregular Warfare Support Program (IWSP) to study the possible causes of the 2008 meltdown of the United States economy. The report was published in June of 2009.

The Report was titled "Economic Warfare: Risks and Responses" and written by Freeman, a certified financial analyst (CFA), and lays out a startling finding. Freeman writes that "a three-phased attack was planned and is in the process against the United States economy." He spells out those phases in a PDF available here.

Of particular interest - at least to me - in the Freeman report was the notable mention of the magnitude of the hole in which our economy now resides, and its unusual existence. It suggests that the already known issues - the Fannie Mae, Freddie Mac, and housing bubble exacerbations - would by themselves have caused a noticeable downturn in an economy of our size, but couldn't have been responsible for the near collapse that, so far, has been narrowly averted.

Freeman goes on to claim that outside forces have been actively hacking away at the foundation of the United States true strength; her wealth. What he terms "bear raids" in the report have coincided with a cyclical bad spell, compounding the stress on our economy. Perhaps the most chilling aspect of the report, however, is the ominous paragraph which concludes page 3:
Immediate consideration of the issues outlined in this report is vital. Further study is essential and prospective responses must be crafted to address future risks. Finally, there are legitimate questions about the performance of the regulatory regime and Wall Street institutions. Implications that these parties have been complicit or otherwise co-opted cannot be ruled out. Therefore, it is strongly recommended that this study and any task-force response be conducted outside of traditional Washington and Wall Street circles.
The ultimate question that arises in my mind as a result of all of this is, do the actions of Obama through exorbitant spending contribute deliberately or accidentally to the attacks Freeman alleges? Neither scenario offers a clear-cut answer, but only further questions. Who is running this country would be the first, and I can't honestly say I'd like any answer given in response. Any way you slice it, we're in trouble.

In other words, is Obama a Trojan Horse in the White House, or a child playing dress up in Daddy's cloths? Sadly, we may never know. If this were 1973, and real journalism still existed, we may have been served the truth, eventually. But Woodward and Bernstein have made their hay, and there don't seem to be any clones in the lab.

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