Congress did it again. They took a 3 page bill and turned it into a 442 page novel. This bill they passed. Will it help the economy, Stock Market and consumers? Nobody really knows but now it contains 439 pages of pork barrel spending. Typical. It was also interesting to watch the Democrat politicians repackage this bill from a "Financial Bailout" for big business to a bill that will help those with houses they really can't afford. So now voters associate a Financial Bailout with Republicans and the $700 billion bill that was passed as being due to Democrats. No surprise then that Obama is now leading in the polls.
It is interesting, however, that Obama, who is so proud of his prior role as a Community Organizer is suddenly mum on the whole topic of affordable housing. Nor has he said anything about his close association with ACORN back in his hay days in the South Side of Chicago. Since Obama isn't talking then we need to inform the rest of the nation of exactly what this man was doing in the past 15 years, starting with Acorn....
ACORN, may sound familiar, as it was one of the reasons the first bailout bill failed. ACORN is the Association of Community Organizations for Reform Now. The first bill, which thankfully the House Republicans defeated, contained nearly $5 billion for affordable housing, financial counseling and mortgage restructuring for people and neighborhoods affected by the housing meltdown. A large portion of that would have gone to ACORN.
Gee, what a surprise to also discover that ACORN is co-managing a $15.9 million campaign with the group Project Vote to register 1.2 million low-income Hispanics and African-Americans, who are among those most likely to vote Democratic. Technically nonpartisan, the effort is one of the largest such voter-registration drives on record. (See the following for more details on this: http://sweetness-light.com/archive/dems-have-pushed-acorn-bailout-since-july.)
The New York Post recently had an interesting article on ACORN, Chicago and Barack Obama http://www.nypost.com/seven/09292008/postopinion/opedcolumnists/os_dangerous_pals_131216.htm?&page=1). In this column, they introduce Madeline Talbott, the director of the Chicago ACORN. It then details her activities in the early 1990's including:
- "...Talbott announced plans to conduct demonstrations in the lobbies of area banks that refused to attend an ACORN-sponsored national bank "summit" in New York. She insisted that banks show a commitment to minority lending by lowering their standards on down payments and underwriting - for example, by overlooking bad credit histories."
- "And Talbott continued her effort to, as she put it, drag banks ‘kicking and screaming' into high-risk loans. ....
- five area financial institutions ....participating in a $55 million national pilot program with affordable-housing group ACORN to make mortgages for low- and moderate-income people with troubled credit histories."
The same article then ties in Obama to ACORN. Here are a few key quotes:
- "In those years, he also conducted leadership-training seminars for ACORN's up-and-coming organizers. That is, Obama was training the army of ACORN organizers who participated in Madeline Talbott's drive against Chicago's banks."
- ... Obama was funding them. As he rose to a leadership role at Chicago's Woods Fund, he became the most powerful voice on the foundation's board for supporting ACORN"
- "The Woods Fund report makes it clear Obama was fully aware of the intimidation tactics used by ACORN's Madeline Talbott in her pioneering efforts to force banks to suspend their usual credit standards. Yet he supported Talbott in every conceivable way. He trained her personal staff and other aspiring ACORN leaders, he consulted with her extensively, and he arranged a major boost in foundation funding for her efforts."
This is the man who is now favored to be our next President. His association with ACORN clearly shows his complete lack of knowledge of how to run a business. Obama and ACORN's radical action to force "affirmative action" for business practices, in this case of providing low cost housing to people who cannot afford it, has cost the taxpayer at least $700 billion. It makes me shudder to think what business they might go after next and at what cost. As for the thought of Obama running the country itself, with Pelosi and Biden at his side, all I can do is try to persuade myself that they can't do too much damage in 4 years.
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