Tuesday, September 30, 2008

The "ACORN" doesn't fall far from the tree!

In her article, "ACORN, Obama, and the Mortgage Mess",
Mona Charen shows Obama's connections with this organization and how it contributed to the collapse of the mortgage giants Fannie Mae and Freddie Mac. Some highlights:

"ACORN stands for the Association of Community Organizations for Reform Now, a busy hive of left-wing agitation and "direct action" that claims chapters in 50 cities and 100,000 dues-paying members. ACORN is where Sixties leftovers who couldn't get tenure at universities wound up."

" In 2006, for example, ACORN registered 1,800 new voters in Washington. The only trouble was, with the exception of six, all of the names submitted were fake. The secretary of state called it the "worst case of election fraud in our state's history."

"ACORN recognized very early the opportunity presented by the Community Reinvestment Act (CRA) of 1977. As Stanley Kurtz has reported, ACORN proudly touted "affirmative action" lending and pressured banks to make subprime loans. "

"Madeline Talbott, a Chicago ACORN leader, boasted of "dragging banks kicking and screaming" into dubious loans."

"ACORN attracted Barack Obama in his youthful community organizing days. Madeline Talbott hired him to train her staff -- the very people who would later descend on Chicago's banks as CRA shakedown artists. The Democratic nominee later funneled money to the group through the Woods Fund, on whose board he sat, and through the Chicago Annenberg Challenge, ditto. Obama was not just sympathetic -- he was an ACORN fellow traveler. "

Now even though the provision that provided for 20% of the return on the assets the government would buy and then sell in the "bail-out" would go to ACORN and other "community organizing group" was taken out of the bail-out plan, isn't it amazing how it got in there in the first place. The organization that had so much to do with the problems we now face was going to get 20% of the return from the sale of those assets later after the markets turned, wow, the man-berries of some people! For more on the connections take a look at this video and, again, make sure everyone you know sees this.

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