Diana West

Back in the early 1990s, however, it was all still coming together. Writing in the New York Post, Stanley Kurtz described some of the techniques community organizers use to intimidate banks into making bad loans: "In the name of fairness to minorities, community organizers occupy private offices, chant inside bank lobbies, and confront executives at their homes -- and thereby force financial institutions to direct hundreds of millions of dollars in mortgages to low-credit customers."

He continued: "In other words, community organizers help to undermine the U.S. economy by pushing the banking system into a sinkhole of bad loans. And Obama has spent years training and funding the organizers who do it."

Kurtz went on to detail the nature of that training and funding in concert with ACORN (the Association of Community Organizers for Reform Now), an essential component in the drive to force banks "kicking and screaming" as Madeline Talbott, one of Obama's close ACORN associates put it, into the risky loan business. At one point, Kurtz reported, "Obama was training the army of ACORN organizers who participated in Madeline Talbott's drive against Chicago's banks."

Will America elect someone this far left wing to take charge of the Federal Reserve Bank? Terrifying thought. To be sure, it wasn't just community shakedown artists who brought our current crisis about. They had massive help along the way, as "affirmative action lending" practices were foisted on the banking industry at the national level, particularly during the presidencies of Carter, Clinton and, yes, George W. Bush. These lending practices were further institutionalized once government-sponsored Fannie Mae and Freddie Mac, under the astronomically well-paid leadership of Fannie CEO James A. Johnson, began snapping up high-risk loans and repackaging them for sale on the world market. Johnson, whom Obama, of course, chose to lead his vice-presidential selection committee (until financial shenanigans over a sweetheart housing loan forced him out) even set a goal for Fannie Mae to buy up $1 trillion in low-income loans to ensure that, as CNSNews.com quoted him as saying, "ev!

ery American who wants to get a mortgage will have their loan approved."

Well, they did. And it didn't work out so well, did it? Such is the human cost of social engineering, whether on Wall Street, Main Street or Red Square. No wonder Obama doesn't seem to want to discuss the pesky details. "The main thing is to just move away from this hyper-political environment and recognize the house is on fire," he recently said.

That's the main thing? "Let's put out the fire first," he added, "and we can figure out what caused it."

Later, he means. A lot later. Like after Election Day when it's too late to vote for the other guy. Because what voters in their right minds would expect the man who likes to set the fires to put them out?


Diana West

Diana West is the author of American Betrayal: The Secret Assault on Our Nation's Character (St. Martin's Press, 2013), and The Death of the Grown-Up: How America's Arrested Development Is Bringing Down Western Civilization (St. Martin's Press, 2007).