Jeff  Carter
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Politicians love to tell stories. They put little heartwarming stories in their speeches. Today, everyone will try to define Obama’s speech. I saw the speech and there was nothing new in it. He tried to fire up his base. We will see if he did it.

Last night, I saw a movie that you should see too. Dinesh D’Souza made a movie and wrote a book, “Obama’s America”. It’s a very pragmatic look at Obama’s upbringing. There isn’t any birther stuff, but there are some autobiographical facts presented about Obama’s mentors, and his world view. Plus it overlays his record as President to back it up.

The basic theme is that Obama is not a Marxist, nor a Communist, but an “anti-colonialist”. There is a difference.

His mentors all came from what mainstream Americans would call the far left. One mentor you may know of is Reverend Wright, who is an anti-colonial thought leader from a religious perspective. There are other religious leaders that advocate for both the left and right-so it’s not a stretch to think that Wright would be able to lead an anti-American movement from his pulpit.

His other mentors are either communists(Frank Marshall), radicals(Bill Ayers), or anti-Israel(Prof Edward Said). Obama’s maternal grandfather was also a communist. His mother left his Indonesian father when he became a capitalist.

But what I find interesting is Obama’s projected end game. Obama loves big government programs. Every proposal he has made is a giant government program. Big government programs consolidate industries into big dominant players. Oligopolies, and even Monopolies that have huge power over the market. Big government programs use regulation to eliminate competition-so the big corporate fat cats have nothing to fear-except big government.

The movie says that Obama is trying to blow up the deficit intentionally. If we can make things dire enough, the government can take drastic measures to try and remedy things. If major industries are consolidated enough, it’s pretty easy to issue an executive order and take them over. We already know the Democrats would fall behind a Democratic leader and take corporate profits.

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Jeff Carter

Jeffrey Carter is an independent speculator. He has been trading since 1988. His blog site, Points and Figures was named by Minyanville as one of The 20 Most Influential Blogs in Financial Media.