Saturday, September 27, 2008

Acorn, Democrats and the bailout

An article that just came out in today’s Wall Street Journal contains quite possibly the most shocking political allegation I’ve ever read. Talking about discussions over the bail-out plan the article states:

The House and Senate Democratic drafts contain an indefensible and well-hidden provision. It would mandate that at least 20% of any profit realized from the sale of each troubled asset purchased under the Paulson plan be deposited in either the Housing Trust Fund or the Capital Magnet Fund. Only after these funds get their cut of the profits are "all amounts remaining . . . paid into the Treasury for reduction of the public debt."

Here's the exact, amazing language from the Democratic proposal, breaking out how the money would be divided and dispensed:

"Deposits. Not less than 20% of any profit realized on the sale of each troubled asset purchased under this Act shall be deposited as provided in paragraph (2).

The article goes on to explain:

What we have here essentially are a pair of government slush funds created in July as part of the Economic Recovery Act that pump tax dollars into the coffers of low-income housing advocacy groups, such as Acorn.

Acorn, one of America's most militant left-wing "community activist groups," is spending $16 million this year to register Democrats to vote in November. In the past several years, Acorn's voter registration programs have come under investigation in Ohio, Colorado, Michigan, Missouri and Washington, while several of their employees have been convicted of voter fraud.
So while America is quite literally on the verge of total economic collapse, the Democrats’ “most ethical Congress in history” are holding up the process with their own pet projects. Not only that, in a proposed solution that will cost the American people 700 billion dollars, the Democrats have tried to sneak in a provision that will divert millions of dollars into a slush fund that will help to ensure their power base!

One of the recipients of this slush fund would be Acorn. Organizations like Acorn are in no small part responsible for this economic crisis in the first place, but more than that, Acorn is being investigated for criminal election fraud activities! The Democrats want to give them more of your money!

And when Barack Obama brags about all his experience as a community organizer, guess which community group he worked for. You got it. Acorn!

1 comment:

Kevin said...

Our government is corrupt. John McCain called it out last night. With earmarks, slush funds for special interests, and a tax-code designed to enable lawmakers to provide kickbacks to large supporters (corporations, unions, and other special interests).

We have to change Washington. They must be controlled and limited. These politicians must be stopped from undermining our economy and our freedoms.