In the closing days of the New Hampshire primary, there was a change in character and approach in Hillary Clinton's campaign, which led to her victory there on Tuesday. She took charge of her own campaign and successfully addressed some of the vital economic issues facing the entire nation, and its lower 80% in particular, including the crucial issue of the wave of foreclosures sweeping the nation. Clinton's victory there now forces the issue, and all of the other candidates will have to change in response to this.
Lyndon LaRouche commented last night that this development now signals a strategic shift, which means that we can save the United States, and we can save the world -- if we do things LaRouche's way. No other way will work; no other viable option exists.
LaRouche also zeroed in on the full-scale fraud which was conducted by the Washington Post, other national media, and international media as well, such as Bild Zeitung, to bamboozle and stampede people into believing a deliberate lie: that Obama was 10%-13% ahead of Hillary in the polls, and that Clinton had in fact already lost the primary. They didn't say that Obama will win, but that he had won. They represented the election results as having already happened, when the election had not yet occurred. The lying press published faked "results," in order to panic people. To what end? To elect Obama? No; to first knock Hillary out with this massive fraud, and to then throw Obama away like used toilet paper, at the point that the British imperial financial interests move to usher in "Benito" Bloomberg.
LaRouche said that serious consideration should be given to formally charging the Washington Post and other media with intentional election fraud, a punishable offense. They lied, they lied intentionally, and they lied with malice, pronouncing results of the primary before the votes were even cast. No one should be confused that this was somehow an "honest mistake." They knowingly lied.
But this time the fraud was caught and it failed. They tried to box Hillary in, but it blew up under their noses, and now they don't have the clear cake-walk to dictatorship they were looking for. Bloomberg is not a shoe-in. So the U.S. elections have suddenly changed, LaRouche emphasized, and we can win the U.S. back to sanity, if we do our job.
That job is to continue to organize relentlessly for the HBPA, and educate people as to the reality of the ongoing global economic meltdown. We did this to excellent effect on the ground in New Hampshire, where the LYM intervened in over 20 events between Dec. 22 and the primary, and distributed thousands of pieces of LPAC literature, producing a clear mass political impact.
In discussing our unique role, LaRouche stressed that there is no such thing as a "sub-prime crisis." This was a swindle to cover up the reality of the global financial collapse. Hillary is right to call for a moratorium on foreclosures, but it won't work without legislation which establishes a firewall to salvage the banking system and the productive economy from the collapsing global financial system. The entire financial system is coming down; and only a change in the entire system will work. If it doesn't change the monetary system, it is no good.
That is where we are indispensable, LaRouche emphasized. The system is coming down, and nothing will fix it. It has to be replaced. The firewall is indispensable; without it, there is no U.S.
LaRouche also stressed that there is no chance for civilization, except for what we represent and what he is doing in the U.S. Nothing is going to come out of Europe; there is no chance anything could happen in Europe. Only from the U.S. can civilization be saved. There is nothing below the border except us. There is no hope for Africa except what we, as us, do from the U.S.
The crisis which LaRouche warned about has now happened. Either his policies are adopted, or you cannot save the United States. And if you cannot save the U.S., you can't save the world. Therefore, we have to run this campaign LaRouche's way. Those are among the lessons of the New Hampshire primary.
The Spark of Reason
A spark of reason, as insufficient in itself as it may be, is a spark nevertheless that has the potential to light a fire for the cultural restoration of the Sublime, without which there is no hope.
Rolf A. F. Witzsche
Bill Clinton Says Aggressive Federal Intervention Needed to Protect Homeowners and Banks
Speaking on Hillary Clinton's behalf at a campaign event on Monday, former President Bill Clinton gave a relatively elaborated presentation of the subprime mortgage crisis, including the role of hedge funds. While still falling short of endorsing LaRouche's Homeowners and Banks Protection Act, Hillary Clinton's call for moratorium on foreclosures and a freeze on monthly mortgages payments is the only comprehensive proposal so far offered by any presidential candidate, to the spreading housing and banking crisis.
Responding to a question about the subprime mortgage issue, Bill Clinton pointed out that the way subprime mortgages often worked is that people were buying houses that cost more than they could afford, often by just paying interest for the first five years or so.
Clinton explained that "banks packaged these mortgages and sold them to investment houses and hedge funds, who then sold them as investment vehicles to others, and they turned out not to be such good investments, and when they started going down in value, it cascaded back, and the sub-prime mortgages failed as investment vehicles."
"So then they wind up back on the books of the bank as bad debt," Clinton said, and the banks come under pressure "to rewrite the mortgage, which has the effect of raising the monthly mortgage rate of the person that got the mortgage in the first place, which means we're at risk of foreclosing on huge numbers of people who never missed a single mortgage payment."
This is "dumb," Clinton declared, adding that, "It will cause cataclysm in the real estate market, and throw a lot of middle class people out of their homes. Hillary asked the President to do something about this six months before they announced anything, and her program is to first have a 90-day moratorium, no foreclosures, and during that 90 days, give everybody a chance to renegotiate their mortgage in a way that will get the bank out of trouble, but has to have a five-year freeze on the monthly payments of the homeowners."
"It will require some federal money," Clinton continued. "It will be much, much cheaper--take my word for it--much cheaper than having all these houses foreclosed on and having the value plummet, then having them resold and having huge numbers of Americans who will never own a home again in their lives."
Clinton concluded by warning that "it's going to take a much more aggressive intervention than the government has proposed, so far to avoid that."