INVESTOR’S BUSINESS DAILY September 26, 2008
Election ’08: Democrats want to use profits from the bailout as a slush fund for liberal activist groups, even those involved in vote fraud to help elect Barack Obama.
Prior financial bailouts, or “rescues,” such as those involving savings and loan failures, and Chrysler, have over time actually made money for the government. It may be the case here as well, as assets bought by the government at bargain prices return to marketable values and are auctioned off.
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.
Excellent information on Obama as well:
CRL Testimony on ACORN’s Voter Fraud
WASHINGTON, Sept 25, 2008 /PRNewswire-USNewswire via COMTEX/ — WSJ online
James Terry, Chief Public Advocate for the Consumers Rights League, today testified at a joint House Administration and House Judiciary Committee oversight hearing on “Federal, State and Local Efforts to Prepare for the General 2008 Election,” where he highlighted “corruption at every level of ACORN including embezzlement, cover-ups, misuse of taxpayer funds and voter fraud.”
An excerpt of his testimony follows: James Terry, Chief Public Advocate, Consumers Rights League—
“ACORN routinely says it will clean up its act. Yet, given its decade-long history of voter fraud, embezzlement, and misuses of taxpayer funds, ACORN’s pattern of fraud can no longer be dismissed as a series of ‘unfortunate events.’
Inside Obama’s Acorn
By their fruits ye shall know them.
By Stanley Kurtz
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.