Skip to comments.Rescuing ACORN
Posted on 09/27/2008 9:05:10 PM PDT by Clintonfatigued
Democrats want to use profits from the bailout as a slush fund for liberal activist groups, even those involved in vote fraud to help elect Barack Obama.
Prior financial bailouts, or "rescues," such as those involving savings and loan failures, and Chrysler, have over time actually made money for the government. It may be the case here as well, as assets bought by the government at bargain prices return to marketable values and are auctioned off.
One of the sticking points in resolving the crisis was a poison pill in the Dodd/Paulson compromise that would move 20% of profits from the bailout into the Housing Trust Fund, a slush fund for political action groups such as ACORN (the Association of Community Organizations for Reform Now) and the National Council of La Raza.
Sen. Lindsey Graham told Greta Van Susteren of Fox News that Democrats had other priorities than just solving this crisis: "And this deal that's on the table now is not a very good deal. Twenty percent of the money that should go to retire debt that will be created to solve this problem winds up in a housing organization called ACORN that is an absolute ill-run enterprise, and I can't believe we would take money away from debt retirement to put it in a housing program that doesn't work."
Groups such as ACORN and La Raza lobby to secure government-funded services for their members and seek to move them to the voting booth. The housing bill President Bush signed in July contained a similar funding mechanism for the HTF a tax on mortgages backed by Fannie Mae and Freddie Mac.
(Excerpt) Read more at ibdeditorials.com ...
Looks like it’s starting to leak out everywhere now. Good.
Now the word needs to get out that ACORN caused this mess, and that Obama was a liar for hire for ACORN.
If Obama once worked for ACORN, than the McCain campaign needs to make an issue of it.
liar for hire
Just like the dems did about Haliburton and Cheney. (IIRC)
EVERONE PLEASE CALL AND EMAIL YOUR SENATORS AND CONGRESSCRITTERS TO TELL them no bailout plan until Dems quit demonizing John McCain and quit trying to give oversight to Frank, Dodd, and others guilty of former malfeisance.
Barry Goldwater said today on Cavuto--"Frank, Pelosi, Dodd-dumb, dumber, dumbest. " Also gave this Mark Twain quote"Never let your dog watch your food or Congress watcch your money."ABSOLUTELY NO MONEY FOR THEIR PET SOCIAL ENGINEERING SLUSH FUND.!!!!!
I am appalled that Bush let the other funding pass. I am sorry, but I do not believe the man has a clue. He thinks these DC Dems are the same calibre as his TX Dems that he worked with, but they are another kind of animal
>”These are taxpayer funds, in an indirect method, being used to subsidize political activism,” says Rep. Jeb Hensarling, a Texas Republican and chairman of the conservative House Republican Study Committee. “I’m sure they’re not going out and registering any Republicans.”
But, if the House Republicans can actually salvage this "bailout," they'll be forced to accept this handout as "compromise."
Mentions that LA grand jury....
ACORN, if they get funded through this f#cking bailout, are going to be the equivalent of the brown shirts of the Nazis, and like South Africa’s communist ANC party thugs. They will turn into hit squads.
Barry will just tell them to get in your face.
bump to your link.
Boy, I’m wondering if the Monday deadline isn’t more about grand jury activity than the markets.
BUMP to your link mewzilla and thanks for the ping Jet Jaguar.
After hearing that Paulson, and his operatives, emailed the House Republicans plan to Obama’s camp (according to Rush), I am wondering if Paulson (a known Democrat) did not conjure this whole mess as a political ploy to insure Obama’s election! Even if Paulson was not responsible for the leak of the Republican plan, he is still a Democrat, and as such taxpayers should still be highly suspicious.
The timing of this so called “crisis” is just too opportunistic for Democrats. I do think they have been surprised by the public outcry over their thievery (via the potential funds for ACORN, La Raza, & Urban League). I think they thought this would just sail past everyone like their institutionalized thievery has done in the past.
I know what you are saying though, the tactics should be the same. We need to be careful, however, in drawing some sort of parity between Haliburton and ACORN.
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