Question 2 at the fifteenth Friday webcast by Lyndon LaRouche addressed to the American people.
President Obama lied to the American people saying that the bailout was necessary. It was not. When he came into the presidency confronting a crisis worse than the great depression, he continued the bailout policy and refused to enact the only law that would have prevented the further disintegration of the United States, the Glass-Steagall policy.
The news has not changed, Mr LaRouche’s warning from this past Saturday still stands. The entire world system is in a general breakdown crisis centered in the trans-Atlantic community and is ready to blow out in the United States at any moment.