I’m a life long Republican — I really wish I could counter any of Rachel’s points here with some hard hitting reality – but I can’t because what she is stating is true. That’s a sad statement about the creeps running the right at present.
A concise compilation of the things that should raise doubts about an Obama Presidency. H/T Patterico
Senator Obama has worked hand in glove with ACORN, the group under investigation for voter fraud in many states, for many years. You won’t find our press reporting these connections, so if you want the true facts on Barack Obama sometimes you have to read foreign papers, strange as it seems. Here you seen an article at Canada Free Press that outlines those recent legislative ties:
Not only did Senator Barack Obama’s presidential campaign pay more than U.S. $800,000 to a front of the Association of Community Organizations for Reform, Now, ACORN, currently under investigation in a dozen States for voter registration fraud and bribery schemes, for “get-out-the-vote-efforts”; Obama co-sponsored legislation called the “Helping Families Save their Homes in Bankruptcy Act of 2007”– that was supported by ACORN and protects them.
On the surface the goal was noble, but like his record with the Chicago Annenberg Challenge, Barack’s efforts on the housing front led to zero results, unless you want to look at the monumental meltdown of financial companies from choking on sub prime loans forced down their throats, which is a very bad result. If you go to the areas Obama organized in, if you look at housing in his state, you see people no better off or worse off. See Here.
Acorn has fought foreclosures but also supported legislation that enabled this credit market meltdown for almost two decades. They are particularly responsible for helping raise the caps on permissible loan to values, lowering of the standards at Fannie Mae and Freddy Mac (FNMA & GMAC,) as well as legislation that increased the percent of subprime loans they had to carry. So in a way Acorn helped open the subprime floodgates and helped create a whole new class of victims to feed into their political causes.
You won’t see the McCain campaign bring this up for a few reasons. Even though Acorn and Democrat legislators created the sub-prime valley of vultures that poor people were fed into, even though they profited with donations from the very predatory lenders that they trailblazed the market for, it’s a no go simply because the defense will be to show America a non stop calvacade of poor people getting foreclosed upon. Poor people who were sold a dream that was really a nightmare by pernicious legislators who would rather crush our economy than lose an election.
UPDATE: From their 2002 Brochure you can see Acorn lobbying for money for their “credit counseling groups”:
- Congress should increase funding for the HUD Housing Counseling program from $50 million to
$75 million, with some of the increase earmarked for foreclosure prevention counseling.
- Cities, Counties, States, and the Mortgage Industry should provide funding for community outreach to
borrowers in danger of losing their homes and to housing counseling programs to help homeowners
- States and the Federal Government should set up and provide the start-up money for Rescue Funds (such as the state of Ohio is doing), but these funds should be fully financed by the Mortgage Industry.
- Congress should increase funding for the HUD Housing Counseling program from $50 million to
What this amounts to is creating victim classes and then using them to shake-down the mortgage industry – it took 20 years, but recently Acorn got what they really wanted through their support of regulations in Congress that led to this very debacle, and they are profiting by it just as much as those fat cats at Countrywide.
Didn’t fall far from the tree.
UPDATE: Youtube has pulled the ad, I’ve found it at Liveleak and reposted:
Here’s the original Youtube link, now down if you click on it:
The Barack truth Squad is out in force, this one’s been pulled down at Youtube per commentor Aknot, he dropped off an article on Acorn and voter fraud in in Florida that’s worth reading however from 970WFLA:
Supervisor of Elections Deborah Clark has notified the State Attorney and the Florida Division of Elections that her office has received 35 voter registration applications in the last two weeks from the organization Work for Progress that appear questionable and possibly fraudulent. The handwriting is virtually the same on multiple applications, and some have the same address. Some of the applications have no address or are incomplete in other ways.
One application was turned in incomplete, so elections staff sent a notice to the applicant. However, the voter responded that she has been registered to vote since 1995 and stated that she had not submitted a new registration application.
One of the bigger problems with these massive voter registration fraud efforts is how it shapes the polls and creates a false impression of reality. All pollsters weight their samples by the numbers of voters registered D or R in the states that record party affiliation. If there are 4X the numbers of Democrats registered than Republicans, they are going to sample more Democrats in their poll than Republicans, even if the state is traditionally red. This is skewing the view of the election.
UPDATE: Paul F Villarreal has a new link that works at Youtube here.
Meanwhile Barack’s Campaign is doing all they can to distance him from Acorn, but there is this quote right out of his own mouth:
I’ve been fighting alongside ACORN on issues you care about my entire career. Even before I was an elected official, when I ran Project Vote voter registration drive in Illinois, ACORN was smack dab in the middle of it, and we appreciate your work.”
ACORN, who bills themselves as “Non Partisan” is under investigation in up to ten states for possible voter fraud. The authorities are finding things like the Dallas Cheerleaders lineup signed up to vote in states they don’t reside in, and Acorn is pumping tens of thousands of voter registrations into key toss up states. Many of those registrations are bogus and fraudulent.
Now we discover that the Obama Campaign is paying an Acorn group directly for get out the vote efforts, and that they neglected to list that service in their filing. Video from Fox News:
The group that’s one of Barack Obama’s best friends, Acorn, had one of their offices raided in Nevada today, more from AP:
Nevada state authorities are raiding the Las Vegas headquarters of an organization that works to get low-income people to vote.
A Nevada secretary of state’s office spokesman said Tuesday that investigators are looking for evidence of voter fraud at the office of the Association of Community Organizations for Reform Now, also called ACORN.
More at Jammie Wearing Fool
The title of the post says it all.
The American people know who has held the US economy hostage for housing the past few years, it’s time for a new speaker. If the Dems want a vote on this, they can put forward a speaker who is less incendiary. IHT 11/08/2006:
Representative Barney Frank of Massachusetts, who will soon become the head of the House Financial Services Committee, said he and other Democrats who have been advising Pelosi, the party’s leader in the House, were planning to propose a “grand bargain” with business interests.
If the Republicans support the Democrats’ efforts to increase minimum wage, extend student loans and expand affordable housing programs, Frank said, then the Democrats would support efforts to reduce trade barriers and burdensome regulation.
Representative John Dingell, who will head the Energy and Commerce Committee, said that he intended to focus on an energy bill that would make America more independent of foreign oil and another one outlining a bill of rights for patients. He also plans to hold hearings on unfair trade practices that have hurt American industries and workers.
Dingell, who is the chamber’s senior member, said he intended to work with Republicans in crafting legislation because “it’s best to legislate from the middle.” But he also said that “it won’t be the easiest task because the far right has controlled the House and I’m not sure how we can emancipate the Republican party and work with them.”
For some large companies, the Democratic victory is a major one. Fannie Mae and Freddie Mac, the two mortgage finance giants, which have been recovering from accounting scandals, had faced the possibility of tight new oversight laws pushed largely by Republicans. But some powerful Democrats had resisted, preferring to promote the companies’ housing mission over tighter capital standards and portfolio limits.
Fannie Mae and Freddie Mac, the largest U.S. mortgage-finance companies, would be allowed to expand their $1.5 trillion mortgage portfolio to buy subprime loans under a Democratic plan to help struggling borrowers.
Senate Majority Leader Harry Reid, House Speaker Nancy Pelosi and other leading Democrats also called on President George W. Bush to increase funding for foreclosure prevention and appoint a coordinator to oversee the administration’s response to the mortgage-market turmoil in the plan they unveiled today in Washington.
“Our country faces a challenge that threatens the economic security and the dream of homeownership of many of America’s working families,” Pelosi, of California, said at a news conference.
Just a year ago she was begging to shove more crap loans down the american taxpayer’s throats.
Here’s her friends Chuckie Schumer and Barney Frank trying to lower lending standards on homes costing nearly half a million dollars — yes we should give half million dollar homes to people not worthy of credit Chuck & Barney, I mean the taxpayers are always willing to take it up the bum from Dems in congress right?:
Schumer and other Democrats have called on the Office of Federal Housing Enterprise Oversight to relax government restraints barring Fannie Mae and Freddie Mac from buying home loans exceeding $417,000 and from expanding their assets.
The senator introduced legislation last month to let Fannie Mae and Freddie Mac temporarily increase their mortgage portfolios by 10 percent. The bill would also allow the companies to buy loans in “high-cost areas” where values are 50 percent higher than the current $417,000 cap.
U.S. Representative Barney Frank, chairman of the House Financial Services Committee, said Congress would pursue “sensible regulation” to restore investor confidence in the mortgage markets. Frank, a Massachusetts Democrat, said he wants to meet with mortgage lenders to urge them to help borrowers refinance.
“We need the people who hold the paper to be more flexible,” Frank said.
Am I angry? No, I am enraged at Pelosi’s speech. It seems intended to politicize this and ensure that there is no fix. The Dems are not happy unless we are all poor victims with a tanking economy because they are party-power first people.
UPDATE: John McCain’s Comments:
“From the minute John McCain suspended his campaign and arrived in Washington to address this crisis, he was attacked by the Democratic leadership: Senators Obama and Reid, Speaker Pelosi and others. Their partisan attacks were an effort to gain political advantage during a national economic crisis. By doing so, they put at risk the homes, livelihoods and savings of millions of American families.
“Barack Obama failed to lead, phoned it in, attacked John McCain, and refused to even say if he supported the final bill.
“Just before the vote, when the outcome was still in doubt, Speaker Pelosi gave a strongly worded partisan speech and poisoned the outcome.
“This bill failed because Barack Obama and the Democrats put politics ahead of country.” — McCain-Palin senior policy adviser Doug Holtz-Eakin
More History from 2006 — When the Bankers and the Dems shot the fix for this down in flames.
Here’s the timeline:
Along the same vein, I want to know who in the WUSSANIMOUS Republican leadership decided not to put John McCain’s bill up for a vote in 2006. What are the names?
UPDATE: I’m taking a bit of heat over this post, so let me clarify, I am in favor of doing this save for the credit markets, and unlike most I always have been. What I don’t think we need to do is rush into it and be hammerlocked by expediency into bad choices. Like Steve Forbes I do think it absolutely necessary to prevent a deep recession. However I also have a lot of faith and confidence in both the breadth and depth of our economy, and do not think it would lead to depression.
What we don’t need with it is political posturing of the sort Pelosi pulled that is transparently false and riddled with Bush derangement syndrome. The Dems in the house have fought off any reform or any change to FNMA GMAC and CRA since 2001, to point at Republicans as the cause is very heinous demagoguery and a flat out big lie. She needs to be replaced by the Dems, or she needs to resign, or she needs censure. Holding this bill hostage a day or two until she at least does a mea culpa isn’t going to absolutely kill the economy, and it will give people a couple more days to digest why it’s necessary, and to improve it.
Update: More at Hot Air