‘You’ve got only a couple thousand bucks in the bank. Your job pays you dog-food wages. Your credit history has been bent, stapled, and mutilated. You declared bankruptcy in 1989. Don’t despair: You can still buy a house.” So began an April 1995 article in the Chicago Sun-Times that went on to direct prospective home-buyers fitting this profile to a group of far-left “community organizers” called ACORN, for assistance. In retrospect, of course, encouraging customers like this to buy homes seems little short of madness.
At the time, however, that 1995 Chicago newspaper article represented something of a triumph for Barack Obama. That same year, as a director at Chicago’s Woods Fund, Obama was successfully pushing for a major expansion of assistance to ACORN, and sending still more money ACORN’s way from his post as board chair of the Chicago Annenberg Challenge. Through both funding and personal-leadership training, Obama supported ACORN. And ACORN, far more than we’ve recognized up to now, had a major role in precipitating the subprime crisis.
Read it all, of course.
This is not a "little short of madness"--this is full-blown madness. Because, recall, if you will, the fact that the original Bailout bill promoted by Pelosi and the Dems included a substantial amount of money for...ACORN. I am not making this up--just go see the link, and then read this...
The Democrats are so addicted to the fiscal policies that promote economic destruction--they get such a psychological "high" from imagining what wonderful people they are (along with the very personal financial high in the bargain), that they will not willingly stop what they are doing, no matter what. And, like true addicts, they lie and distort the truth about their addiction; pretending that they are only doing it all for "the little people" they champion and externalizing blame for the havoc they wreak.
This is same kind of denial every addict surrounds himself with and it is the same uninsightful thinking that keeps the addict trapped in the madness and behaving in the same destructive manner over and over again.
Up to now, conventional wisdom on the financial meltdown has relegated ACORN and the CRA to bit parts. The real problem, we’ve been told, lay with Fannie Mae and Freddie Mac. In fact, however, ACORN is at the base of the whole mess. ACORN used CRA and Democratic sympathizers to entangle Fannie and Freddie and the entire financial system in a disastrous disregard of the most basic financial standards. And Barack Obama cut his teeth as an organizer and politician backing up ACORN’s economic madness every step of the way.Conventional wisdom in the addiction field suggests that detox is the first step in a long process of rehabilitation and treatment. But, instead of detoxification, the Democrats and their community-organizer-in-chief, Obama, fully intend to push their habit to the extreme.
A "little short of madness"? On the contrary, I think they are rather long on mad; and that the inmates are truly running the asylum.