« previous entry | next entry »
May. 4th, 2009 | 01:09 pm
Thoms Luria , Global Practice Head of the Financial Restructuring and Insolvency Group at White & Case, told ABC News that Rattner suggested to an official of the boutique investment bank Perella Weinberg Partners that officials of the Obama White House would embarrass the firm for opposing the Obama administration plan, which President Obama announced Thursday, and which requires creditors to accept roughly 29 cents on the dollar for an estimated $6.8 billion owed by Chrysler.
Perella Weinberg Partners, Lauria said, “was directly threatened by the White House and in essence compelled to withdraw its opposition to the deal under the threat that the full force of the White House press corps would destroy its reputation if it continued to fight. That’s how hard it is to stand on this side of the fence.”
This story, if true, would be an illustration of the fact that Obama learned well the theories outlined by his mentor in Chicago, Saul Alinsky.
The president made the charge in his press conference that the Perella Weinberg firm was selfish because they opposed his structured “rapid bankruptcy” of Chrysler. He showed not only that he was willing to take sides in a pending court case. The first time any president did this! But was willing to demonize any one who opposed him!
His statement illustrates he is willing to lie and mis-represent the facts to accomplish his desired end as this quote will illustrate. “”While many stakeholders made sacrifices and worked constructively, I have to tell you some did not,” the president said. “In particular, a group of investment firms and hedge funds decided to hold out for the prospect of an unjustified taxpayer-funded bailout. They were hoping that everybody else would make sacrifices, and they would have to make none.”
Actually they were willing to settle for 50 cents on the dollar, whereas, they were offered only 29 cents!
I have included some quotes from various sources that describe the philosophy and rules for engagement as taught to his students and are found in his “Rules For Radicals”. These qoutes illustrate that
Alinsky advises his followers that the poor have no power and that the real target is the middle class: “Organization for action will now and in the decade ahead center upon America’s white middle class. That is where the power is. … Our rebels have contemptuously rejected the values and the way of life of the middle class. They have stigmatized it as materialistic, decadent, bourgeois, degenerate, imperialistic, war-mongering, brutalized and corrupt. They are right; but we must begin from where we are if we are to build power for change, and the power and the people are in the middle class majority.”Obama has made the middle class think he is there “savior”!
“Only two kinds of people can afford the luxury of acting on principle, those with absolute power and those with none and no desire to get any…everyone else who wants to be effective in politics has to learn to be ‘unprincipled’ enough to compromise in order to see their principles succeed.
The Radical may resort to the sword but when he does he is not filled with hatred against those individuals whom he attacks. He hates these individuals not as persons but as symbols representing ideas or interests which he believes to be inimical to the welfare of the people”. (Alinsky 1946: 23)
Perhaps this quote from Alinsky’s “Rules for Radicals”, best explains the mode of operation that Obama is using to “extort”, threaten and coerce those who oppose his plans.
” Saul Alinsky points out, is that eight months after securing independence, the Indian National Congress outlawed passive resistance, making it a crime. In conclusion on the subject of the morality of means and ends, as Alinsky writes: ‘Means and ends are so qualitatively interrelated that the true question has never been the proverbial one, ‘Does the End justify the Means?’ but always has been ‘Does this particular end justify this particular means?” (Alinsky 1972: 47).
And the one rule that Obama has learned well and is using daily is this:”13) Pick the target, freeze it, personalize it, and polarize it (Alinsky 1972: 130).Alinsky would find out who the CEO is in a company that he wanted to “CHANGE”, and hound that person. In the organophosphates debate it is one scientist that he targets and the validity of his findings. Obama uses this to demonize those who opposed his Chrysler deal, and you can be sure this will not be the last time he uses this tactic!