09.28.08
Contempt for the American Way
On the subject of this massive government bailout trying to snake its way through Congress, be sure to read this editorial in the Investor’s Business Daily:
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.
Barack Obama has long-standing and extensive ties to ACORN, which is an organization of corrupt “community activists” who shake down local authorities to extract public money for identity politicians —like Obama himself. Why don’t the asshole propagandists in Big Media who do so much to manipulate public knowledge and opinion ask Obama about his ties to ACORN? Is it because that would bring scrutiny to an organization thats members have been convicted of voter fraud in several states?
Obama cut his community organizer teeth with ACORN. As a young lawyer he represented the group in a suit against the state of Illinois, which was concerned that postcard registration and a new motor voter law might invite fraud. ACORN later invited Obama to train its staff in leadership seminars.
ACORN has a political arm that endorsed Barack Obama for president in February and has stepped up its registration efforts to help elect a future benefactor. The Obama campaign admits to failing to report $800,000 in campaign payments to ACORN. They were disguised as payments to a front group called “Citizen Services Inc.” for “advance work.”
Under the guise of stabilizing the market and propping up these giant banks and insurers, the chickenshit Democrats are trying to make off with billions of dollars for their own benefit. The whole deal is sickening.
