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President Obama Does "Wag the Mosque" in a Deflation Economy

"Wag the Dog" is a euphemism for when a politician in trouble  wages a war or does some other diversion to get the heat off his back. President Obama, it appears to me, is doing a "Wag the Mosque" as a smokescreen for a tanking deflation economy during his administration and to help his parties election chances in the November 2010 midterm elections. With only a couple months until the elections, they are in big trouble. Some pundits say the Democrat Party may loose control of both houses of congress.

Why else would President Obama suddenly take the moral high ground and come out in favor of building the Manhattan Muslim mosque so close to the site of the 9/11/2001 World Trade Towers ground zero attack? He knew 70% of New Yorkers are against building the 51 Park Avenue Islamic place of worship at that particular site. It is like rubbing salt in our wounds.  Is a "Wag the Dog" war with Iran next?

The libertarian in me applauds liberty, freedom of religion, upholding zoning laws and the free market in any form. The realist in me knows this a a big diversionary tactic. President Obama recently actually had the nerve to bash the state of Arizona over their newly passed Mexican border immigration law. A law closely matching Federal guidelines. The explosion in media coverage of both sides of this illegal alien issue was a wonder to behold. Isn't it the federal governments job to protect our borders? The Feds weren't doing the job. Arizona had to do act. That makes the second "wag" in two months.

Do see "Wag the Dog" (1997), directed by Barry Levinson. Staring Dustin Hoffman, Robert De Niro and Anne Heche. Funny. Priceless!

On Sunday 8/22/2010, MEET THE PRESS on CNBC, with David Gregory hosting, spent one half of the program on the mosque issue and on Iraq and Iran. Meet The Press and the President should be more concerned about rising unemployment, the tight money crisis, real estate problems and a deflation economy and the coming Greater Depression.

Robert Prechter, President of Elliott Wave International, has written about a new study of socionomics in his book, "The Wave Principle of Human Social Behavior and the New Science of Socionomics" (1999). In the book he predicted a negative social mood change era evidenced by fear, xenophobia, pessimism, conservatism, thrift, savings and a general retrenchment. A waning instead of a waxing. He is also on record saying the Greater Depression started in 2000 with the dot com bust and may last into 2016. He also predicts a 90% drop in most asset prices and 30% plus unemployment rate.  Finally, hes says that world war three started 09/11/2001.

Xenophobia is the fear and loathing of strangers. Xenophobic trends increase as economies regress into deflation and peoples attitude turns sour. In deflationary downturns, people in general become afraid and therefore hateful of strangers.  People are rabidly against the mosque. A recent poll asked the question: Is it appropriate to erect a Mosque and Islamic Community Center close to the 9/11 site? 37% said "yes", 62% said "no."

In addition to xenophobia, during a waning mood swing society does not start new businesses, loan money or invest. The retrenchment we are having is textbook Robert Prechter Socionomics. According to him, socionomics is a marriage of sociology and economics that sees societal mood swings from positive to negative and back again as the driving force behind booms and a deflation economy. Also, the likelihood of war increases in the downswings like we are having now.  

Now, we get a deflation economy leading up to the Greater Depression. Will the banksters foreclose on everything and get richer? Probably. Smaller government due to reduced tax revenues will be a good thing. Mark my words! Unless a private money backed by gold catches on we are doomed to a repeat driving gold to $5,000 per ounce in the distant future. Money with no backing in Germany after WWI lead to hyperinflation helping Hitler hustle everyone. You don't want to elect the next antichrist besides the "anointed one" we have in office now, do you? Only gold is not also a debt instrument. Only gold is honest.

New York City has a long history of intolerance. First called New Amsterdam by its Dutch founders. Back then the city's first leaders delayed letting the early Jewish immigrants build their own church until 1730. Waves of Irish, Italian and other nationalities  were greeted with similar initial intolerance. The last ones onshore got the worst jobs with the lowest pay.

The 70% coordinated collective citizen reaction against the mosque at this spot at this time is further socionomic proof we are indeed heading into the Greater Depression. It will be three times larger and longer than the depression in the 1930's due to the excess government, excess waste, excess war and excesses in general.  The Elliott Wave structure is also predicting a downturn, according to Robert Prechter. You can get more information on Elliott Wave, socionomics, Robert Prechter and deflation at my website.

So, President Obama took the high road coming out for the mosque in theory. What a hornets nest he stirred up. Of course, he is right. Not allowing it would be against the law and a violation of the constitution. Denying the mosque would only engender a huge unproductive wasteful loosing lawsuit. The courts would have to rule on the side of religious freedom.

Unfortunately, he is also on a program of weakening the constitution by appointing left leaning Supreme Court Judges and beating up on banks and business. Remarkably, only 10% of his administration have any business experience. Obamas' policies are making business uncertain and cautious. Business is frozen up because of all the bank bailouts, auto company bailouts, ObamaCare costs and financial reforms and regulations.

Obama knows he is only a one term president. That is why he wants the U.S. to get wrapped up around the axle. So that his socialistic and many wealth redistribution job killing aspirations can be foisted upon us. There is no better way than this to help the onslaught of a deflation economy.  It will cause a worse depression in the long run. Socialism is economic death to business. The lifeblood of an economy is sucked out. Business people just give up trying.

President Franklin Delano Roosevelt made up government jobs and delayed recovery from the 1930's depression with all his hair-brained socialist make work programs.  It was FDR's leftist ideas that took us to where we are today. He even outlawed gold ownership.  

Now the socialism he started is getting top heavy and is starting to crash. Better to lower taxes this time and let business create jobs that will last. Not jobs that disappear when the project is finished like FDR did. FDR started us down this road to perdition. President Obama will be happy to know that he is only the second most destructive American political figure - after FDR.

The peoples mood is downright nasty these days. Stocks are topping out. Israel is reporting Iran will have a working nuclear bomb in 9 months. A "Wag the Dog" war with Iran is next. Another smokescreen for the power elite control freaks with the help of the Federal Reserve to finalize their one-world-government to take our FREEDOMS forever.

I'll bet my bottom dollar Barack Hussein Obama is for a one-world-government. Say hello to Big Brother! This is not what our freedom favoring founding fathers had in mind. This is TYRANNY!
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This president is bent on destroying America's Constitution and it's citizens rights. Now he's made CO2 a greenhouse gas? You had better stop breathing it out then. His "Cap and Trade" will be the final fatal straw breaking businesses back.

Let us find another place for the mosque and not open up old wounds. I think they would if President Barack Hussein Obama would stop playing "Wag the Mosque."

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What is Deflation? How to survive and get rich in the coming Greater Depression.

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Get FREE 60 page DOWNLOAD "Understanding Deflation Guide" at: www.deflationeconomy.com

About the Author

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What is deflation? How to survive and get rich in the coming Greater Deflation. Get FREE 60 page DOWNLOAD "Understanding Deflation Guide: at. www.deflationeconomy.com. Delwyn Lounsbury is an economic analyst and multi-platform content provider.He is an Eagle Scout and has been an award winning real estate agent in California since 1968.

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