Deal Killer
This is what Lindsey Graham said on Greta's show: “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.”ACORN? ACORN!
Yes, ACORN. Even when the economic stability of their country is at stake, Democrats can think only of advancing the leftist ideology that has poisoned it to begin with
What if Barack Obama’s most important radical connection has been hiding in plain sight all along? Obama has had an intimate and long-term association with the Association of Community Organizations for Reform Now (Acorn), the largest radical group in America. If I told you Obama had close ties with MoveOn.org or Code Pink, you’d know what I was talking about. Acorn is at least as radical as these better-known groups, arguably more so. Yet because Acorn works locally, in carefully selected urban areas, its national profile is lower. Acorn likes it that way. And so, I’d wager, does Barack Obama.
This is a story we’ve largely missed. While Obama’s Acorn connection has not gone entirely unreported, its depth, extent, and significance have been poorly understood. Typically, media background pieces note that, on behalf of Acorn, Obama and a team of Chicago attorneys won a 1995 suit forcing the state of Illinois to implement the federal “motor-voter” bill. In fact, Obama’s Acorn connection is far more extensive. In the few stories where Obama’s role as an Acorn “leadership trainer” is noted, or his seats on the boards of foundations that may have supported Acorn are discussed, there is little follow-up. Even these more extensive reports miss many aspects of Obama’s ties to Acorn.
An Anti-Capitalism Agenda
To understand the nature and extent of Acorn’s radicalism, an excellent place to begin is Sol Stern’s 2003 City Journal article, “ “ACORN’s Nutty Regime for Cities.” (For a shorter but helpful piece, try Steven Malanga’s “Acorn Squash.”)
Sol Stern explains that Acorn is the key modern successor of the radical 1960’s “New Left,” with a “1960’s-bred agenda of anti-capitalism” to match.
This is exactly Obama's agenda--i.e., the left's agenda. It is fundamentally anti-capitalistic. It is extremely radical in the best Code Pink tradition. This is what the Democratic Party now stands for. Their ideological talking points--diversity, political correctness, equality of outcome to name just a few--are why we are in this crisis.
Their pseudo-virtuous greed is behind it all. Obama, Dodd and Frank (to name but a few) have lined their own pockets and advanced their own careers on the back of this ideology. They are now taking it to the next level in their cynical, manipulative and repugnant attempts to blame the other side for not only the economic crisis, but also for a failure to resolve it. Their solution is to pour oil on the fire--i.e., more of the same socialism-inspired dogma. These are the failed policies that got us into this mess. Don't believe me? Then read this NY Times article from nine years ago:
Fannie Mae Eases Credit To Aid Mortgage Lending
Published: September 30, 1999
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates -- anywhere from three to four percentage points higher than conventional loans.
''Fannie Mae has expanded home ownership for millions of families in the 1990's by reducing down payment requirements,'' said Franklin D. Raines, Fannie Mae's chairman and chief executive officer. ''Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.''
Does all this sound familiar? Now go watch the youtube videos I linked here and here.
We are now watching in full color, HDTV the greatest con in Democrat Party history, led by the
I guess we'll see if they get away with it by November 4th--if they haven't burned down the economy by then.
[More Cartoons by Steve Breen]
UPDATE: Utterly shameful. But what do you expect from these Dem weasels?
No comments:
Post a Comment