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View Full Version : Obama's ACORN to get 20% of Bailout???



GrumpyOldLady
09-26-2008, 09:48 AM
article here (http://elderscapes.blogtownhall.com/2008/09/26/obamas_acorn_to_get_20_of_bailout_funds.thtml)

Obama's corrupt ACORN bunch just might be getting 20% of the 700 Billion $$ bailout.
At least, if the dems have their way it will.

Obama was a lawyer for ACORN and ACORN is widely known for it's hand in voter fraud.

So much for change, hope, unity.

Chicago mob corruption meets bamboozled public - story at 11.

Skygod
09-26-2008, 10:33 AM
sound like the same old song and dance...

change my ass...

fucking socialists

GrumpyOldLady
09-26-2008, 12:42 PM
http://i240.photobucket.com/albums/ff4/rodeogurlC1976/1414.jpg

Add ACORN to this ...

Elspeth
09-26-2008, 03:04 PM
article here (http://elderscapes.blogtownhall.com/2008/09/26/obamas_acorn_to_get_20_of_bailout_funds.thtml)

.

It says the page can't be found.:(

blueyonder
09-26-2008, 03:31 PM
try this http://elderscapes.blogtownhall.com/

PoliCon
09-26-2008, 04:09 PM
Anyone who votes for a bail out where ACORN get's anything but indicted - needs thrown out of office. Nuff said.

Eyelids
09-26-2008, 04:32 PM
Guys, this story isn't true. GOL used a dead link.

PoliCon
09-26-2008, 04:34 PM
try this http://elderscapes.blogtownhall.com/


Guys, this story isn't true. GOL used a dead link.Dude - pull your head out of your ass and read. GAH.

Eyelids
09-26-2008, 04:37 PM
I followed quite a few links and it just turned into a circle of the same blogs making up the same story.

PoliCon
09-26-2008, 04:42 PM
Kinda like how the same blog made up the monica blow job story? Or the CBS fake Document story?

Eyelids
09-26-2008, 05:20 PM
Kinda like how the same blog made up the monica blow job story? Or the CBS fake Document story?

Or the Whitey Tapes, or Obama's muslim heritage? Broken clocks are right twice a day you know.

PoliCon
09-26-2008, 06:58 PM
Or the Whitey Tapes, or Obama's muslim heritage? Broken clocks are right twice a day you know.and every once in a while a leftist stops saying stupid stuff -and shuts his pie hole long enough to sleep - your point?

BadCat
09-26-2008, 07:38 PM
Or the Whitey Tapes, or Obama's muslim heritage? Broken clocks are right twice a day you know.


Are you telling us that "Barack" "HUSSEIN" "OBAMA" aka Barry Sotero, does NOT have a muslim heritage?

PoliCon
09-27-2008, 01:13 AM
Are you telling us that "Barack" "HUSSEIN" "OBAMA" aka Barry Sotero, does NOT have a muslim heritage?
actually - the topic is Acorn.

Gingersnap
09-27-2008, 12:47 PM
actually - the topic is Acorn.

Right you are and it looks like this ACORN story is false or at least badly misunderstood. There was a proposal that profits from the bailout (not taxpayer contributions) would be split among debt reduction and various entities involved with low income housing assistance which would make ACORN one of many eligible entities. The subsequent firestorm over this proposal given ACORN's numerous voter fraud issues has effectively taken this option off the table. ;)

LibraryLady
09-27-2008, 12:52 PM
Try this from the WSJ

Democratic Ally Mobilizes
In Housing Crunch (http://online.wsj.com/article/SB121745181676698197.html?mod=googlenews_wsj)

One of the biggest likely beneficiaries, despite Republican objections: Acorn, a housing advocacy group that also helps lead ambitious voter-registration efforts benefiting Democrats.


Acorn -- made up of several legally distinct groups under that name -- has become an important player in the Democrats' effort to win the White House. Its voter mobilization arm is co-managing a $15.9 million campaign with the group Project Vote to register 1.2 million low-income Hispanics and African-Americans, who are among those most likely to vote Democratic. Technically nonpartisan, the effort is one of the largest such voter-registration drives on record.

The organization's main advocacy group lobbied hard for passage of the housing bill, which provides nearly $5 billion for affordable housing, financial counseling and mortgage restructuring for people and neighborhoods affected by the housing meltdown. A third Acorn arm, its housing corporation, does a large share of that work on the ground.


Steering Money to Groups

Democrats on Capitol Hill have helped to steer millions of dollars in housing and other grants from the federal government toward Acorn and groups like it. The groups must qualify and compete for the money, which is typically doled out from the federal government to states and municipalities. The housing package includes a new, permanent source of affordable-housing money that congressional Democrats and grass-roots groups have sought for years. The Affordable Housing Trust Fund and the Capital Magnet Fund will be funded by a tax on mortgages backed by Fannie Mae and Freddie Mac, the government-sponsored mortgage titans.

I never trust michele malkin until I verify.She's a loose cannon.

Gingersnap
09-27-2008, 01:08 PM
Try this from the WSJ

Democratic Ally Mobilizes
In Housing Crunch (http://online.wsj.com/article/SB121745181676698197.html?mod=googlenews_wsj)



I never trust michele malkin until I verify.She's a loose cannon.

Was the original article by her? The link doesn't work anymore. Last night I had heard that this draft proposal had been withdrawn due to the controversy. It appeared last night as though profits would go to debt reduction alone (although they have the whole weekend to fiddle with it).

LibraryLady
09-27-2008, 01:09 PM
All the original blogs that picked it up seemed to link back to her.

Gingersnap
09-27-2008, 01:20 PM
All the original blogs that picked it up seemed to link back to her.

Ah! Well, you're right. She's highly entertaining but not always the very best researcher.

LibraryLady
09-27-2008, 02:54 PM
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.

Sen. Lindsey Graham told Greta Van Susteren of Fox News that Democrats had other priorities than just solving this crisis: "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."

Groups such as ACORN and La Raza lobby to secure government-funded services for their members and seek to move them to the voting booth. The housing bill President Bush signed in July contained a similar funding mechanism for the HTF a tax on mortgages backed by Fannie Mae and Freddie Mac.

investors business daily (http://www.ibdeditorials.com/IBDArticles.aspx?id=307321604674409)


Consumer Rights League official Jim Terry says: "ACORN has a long and sordid history of employing convoluted Enron-style accounting to illegally use taxpayer funds for their own political gain. Now it looks like ACORN is using the same type of convoluted accounting scheme for Obama's political gain."

A major part of ACORN's sordid history is vote fraud. ACORN has been implicated in voter fraud and bogus registration schemes in Missouri, Ohio and at least 12 other states. Last July, ACORN settled the largest case of voter fraud in Washington state history, involving nearly 2,000 bogus voter forms. In Ohio in 2004, ACORN submitted forms for the likes of Mary Poppins, Dick Tracy and someone named Jive Turkey.

ACORN uses taxpayer money to elect people like Barack Obama who will work to get them more taxpayer money. Democrats are willing to rip off taxpayers in a national crisis to make it happen.