Signs of Deliberate American Bankruptcy

Richard Salbato and Wayne Allyn 2-10-2011


One of my friends emailed me the article below written by Obama’s College Roommate and I did not read it at first because it came from Snopes, and I do not trust the truth of Snopes. See

I finally read it and it came to the same conclusion that I had come to almost a year ago and also the same as a speech by Dr. Charles Krauthammer.  It is also the only conclusion you can come to by the actions of BO’s last two years, especially in the last three months.

The theme of Obama’s roommate is the Obama is deliberately trying to bankrupt America before he finishes his first term of office.  He comes to this conclusion because of his two favorite teachers and his own comments.  These two teachers are socialists and hate capitalism.  Just like the internationalist socialists and the former communists, they know they cannot have true socialism until they destroy capitalism and this is in their master plan books. Another method of doing this is to keep putting more and more on government payroll or welfare dependence until they become a majority voting block.

At first I was not willing to believe this but everything he was doing or not doing made me believe he was so incompetent that he was having a mental breakdown.

See: Is Obama Having a Mental Breakdown

This last state of the union address and his latest submitted budget shows he has no intention to even balance the budget or create jobs, let alone paying off the debt.  No one is that stupid, it has to be deliberate.  This attack on Gas, Oil and Coal is an attack on jobs and all prosperity.  It is even an attack on poor people, whom he pretends to love, because the two greatest percentage of expenses for poor people is food and gas. 

Anyway, this is what his roommate wrote and after that what Dr. Charles Krauthammer said:


By Wayne Allyn Root, June 6th, 2010

Barack Hussien Obama is no fool. He is not incompetent. To the contrary, he is brilliant. He knows exactly what he's doing. He is purposely overwhelming the U.S. economy to create systemic
failure, economic crisis and social chaos -- thereby destroying capitalism and our country from within.

Barack Hussien Obama was my college classmate (Columbia University, class of '83). He is a devout Muslim do not be fooled. Look at his Czars...anti-business..anti- american. As Glenn Beck correctly predicted from day one, Barack Hussien Obama is following the plan of Cloward & Piven, two professors at Columbia University.

They outlined a plan to socialize America by overwhelming the system with government spending and entitlement demands.

Add up the clues below. Taken individually they're alarming. Taken as a whole, it is a brilliant, Machiavellian game plan to turn the United States into a socialist/Marxist state with a permanent majority
that desperately needs government for survival ... and can be counted on to always vote for bigger government.

Why not? They have no responsibility to pay for it. Universal health care! The health care bill had very little to do with health care. It had everything to do with unionizing millions of hospital and health care workers, as well as adding 15,000 to 20,000 new IRS agents (who will join government employee unions). Obama doesn't care that giving free health care to 30 million Americans will add trillions to the national debt. What he does care about is that it cements the dependence of those 30 million voters to Democrats and big government. Who but a socialist revolutionary would pass this reckless spending bill in the middle of a depression?

Cap and trade. Like health care legislation having nothing to do with health care, cap and trade has nothing to do with global warming.  It has everything to do with redistribution of income,  overnment control of the economy and a criminal payoff to Obama's biggest contributors. Those powerful and wealthy unions and contributors (like GE, which owns NBC, MSNBC and CNBC) can then be counted on to support everything Obama wants.

They will kick-back hundreds of millions of dollars in contributions to Obama and the Democratic Party to keep them in power. The bonus is that all the new taxes on Americans with bigger cars, bigger homes and businesses helps Obama "spread the wealth around."

Make Puerto Rico a state. Why? Who's asking for a 51st state? Who's asking for millions of new welfare recipients and government entitlement addicts in the middle of a depression? Certainly not American taxpayers. But this has been Barack Hussien Obama's plan all along. His goal is to add two new Democrat senators, five Democrat congressman and a million loyal Democratic voters who are dependent on big government.

Legalize 12 million illegal Mexican immigrants. Just giving these 12 million potential new citizens free health care alone could overwhelm the system and bankrupt America. But it adds 12 million reliable new Democrat voters who can be counted on to support big government. Add another few trillion dollars in welfare, aid to dependent children, food stamps, free medical, education, tax credits for the poor,
and eventually Social Security.

Stimulus and bailouts! Where did all that money go? It went to Democrat contributors, organizations (ACORN), and unions -- including billions of dollars to save or create jobs of government employees across the country. It went to save GM and Chrysler so that their employees could keep paying union dues. It went to AIG so that Goldman Sachs could be bailed out (after giving Obama almost $1 million in contributions). A staggering $125 billion went to teachers (thereby protecting their union dues).

All those public employees will vote loyally Democrat to protect their bloated salaries and pensions that are bankrupting America. The country goes broke, future generations face a bleak future, but Obama, the Democrat Party, government, and the unions grow more powerful. The ends justify the means.

Raise taxes on small business owners, high-income earners, and job creators. Put the entire burden on only the top 20 percent of taxpayers, redistribute the income, punish success, and reward those who
did nothing to deserve it (except vote for Obama).

Reagan wanted to dramatically cut taxes in order to starve the government. Barack Obama wants to dramatically raise taxes to starve his political opposition. With the acts outlined above, Barack Hussien Obama and his regime have created a vast and rapidly expanding constituency of voters dependent on big government; a vast privileged class of public employees who work for big government; and a government dedicated to destroying capitalism and installing themselves as socialist rulers by
overwhelming the system.

Add it up and you've got the perfect Marxist scheme – all devised by my Columbia University college classmate Barack Hussien Obama using the Cloward and Piven Plan.

True per snopes! 


Dr. Charles Krauthammer

                     Summary of his comments:

                     1. Obama is an intellectual, charming individual. He is not to be underestimated. He is a cool customer who doesn't show his emotions. It's very hard to know what's behind the mask. The taking down of the  Clinton dynasty was an amazing accomplishment. The Clintons still do not understand what hit them. Obama was in the perfect place at the perfect time.

                     2. Obama has political skills comparable to Reagan and Clinton. He has a way of making you think he's on your side, agreeing with your position, while doing the opposite. Pay no attention to what he SAYS; rather, watch what he DOES!

                     3. Obama has a ruthless quest for power. He did not come to Washington to make something out of himself, but rather to change everything, including dismantling capitalism. He can't be straightforward on his ambitions, as the public would not go along. He has a heavy hand, and wants to level the playing field with income redistribution and punishment to the achievers of society. He would like to model the  USA to  Great Britain or Canada .

                     4. His three main goals are to control ENERGY, PUBLIC EDUCATION, and NATIONAL HEALTHCARE by the Federal government. He doesn't care about the auto or financial services industries, but got them as an early bonus. The cap and trade will add costs to everything and stifle growth. Paying for FREE college education is his goal. Most scary is his healthcare program, because if you make it FREE and add 46,000,000 people to a Medicare-type single-payer system, the costs will go through the roof. The only way to control costs is with massive RATIONING of services, like in  Canada . 

                     5. He has surrounded himself with mostly far-left academic types. No one around him has ever even run a candy store. But they are going to try and run the auto, financial, banking and other industries. This obviously can't work in the long run. Obama is not a socialist; rather he's a far-left secular progressive bent on nothing short of revolution. He ran as a moderate, but will govern from the hard left. Again, watch what he does, not what he says.

                     6. Obama doesn't really see himself as President of the United States, but more as a ruler over the world.. He sees himself above it all, trying to orchestrate & coordinate various countries and their agendas. He sees moral equivalency in all cultures. His apology tour in Germany and England was a prime example of how he sees America, as an imperialist nation that has been arrogant, rather than a great noble nation that has at times made errors. This is the first President ever who has chastised our allies and appeased our enemies!

                     7. He is now handing out goodies. He hopes that the bill (and pain) will not come due until after he is reelected in 2012. He would like to blame all problems on Bush from the past, and hopefully his successor in the future. He has a huge ego, and Dr. Krauthammer believes he is a narcissist.

                     8.. Republicans are in the wilderness for a while, but will emerge strong. Republicans are pining for another Reagan, but there will never be another like him. Krauthammer believes Mitt Romney, Tim Pawlenty & Bobby Jindahl (except for his terrible speech in February) are the future of the party. Newt Gingrich is brilliant, but has baggage. Sarah Palin is sincere and intelligent, but needs to really be seriously boning up on facts and info if she is to be a serious candidate in the future. We need to return to the party of lower taxes, smaller government, personal responsibility, strong national defense, and state's rights.

                     9. The current level of spending is irresponsible and outrageous. We are spending trillions that we don't have. This could lead to hyperinflation, depression or worse. No country has ever spent themselves into prosperity. The media is giving Obama, Reid and Pelosi a pass because they love their agenda. But eventually the bill will come due and people will realize the huge bailouts didn't work, nor will the stimulus packages. These were trillion-dollar payoffs to Obama's allies, unions and the Congress to placate the left, so he can get support for #4 above.

                     10. The election was over in mid-September when Lehman brothers failed, fear and panic swept in,we had an unpopular President, and the war was grinding on indefinitely without a clear outcome. The people are in pain, and the mantra of change caused people to act emotionally. Any Dem. would have won this election; it was surprising it was as close as it was.

                     11. In 2012, if the unemployment rate is over 10%, Republicans will be swept back into power. If it's under 8%, the Dems continue to roll. If it's between 8-10%, it will be a dogfight. It will all be about the economy. I hope this gets you really thinking about what's happening in Washington and Congress. There is a left-wing revolution going on, according to Krauthammer, and he encourages us to keep the faith and join the loyal resistance. The work will be hard, but we're right on most issues and can reclaim our country, before it's far too late.