I’m glad the House Republicans (and McCain, if he had a hand in it) have shown some back bone and slowed this freight train down a bit on the bail out. I am not an economic expert, but I am entirely fascinated and have soaked in as much news and writing about this as possible….. I do suspect that the world will not end if the $0.700 TRILLION package is not passed today.
You always have to be suspect when the Democrats and a Democratic-leaning Treasury Secretary trying to cover his butt cry that we have financial Armageddon if we don’t have almost one TRILLION dollars right now!
Well those feelings have played out to be correct in this instance…..
Did you hear the mantra from Washington yesterday saying clearly, “Why this plan will be good for the American Taxpayer….it will likely make money down the road and turn a profit!”……well OK maybe that is true, maybe it is not.
But while the Democrats would lead you to believe this money would flow right back into the treasury and the taxpayer can be happy …..did you know that the “plan” the Democrats were selling yesterday includes part of the profits being allocated to ACORN, the National Urban League, and LaRaza?
That’s right….they have inserted into this plan provisions to spend money by giving it to anti-American left wing causes BEFORE THE MONEY IS EVEN IN EXISTENCE!
From Stop The ACLU:
…….but the Democrats already have a plan to siphon off any repayment of the people’s money back to the treasury by adding one little line to the agreement that would end up stealing money from any repayments and giving it to left-wing political advocacy groups like ACORN, the National Urban League and the Hispanic group La Raza. Instead of trying to help the economy, the Democrats just want more money for their left-wing political constituents.
On Thursday, the Senate Democrats shopped around a one page “Agreement in Principle” from the U.S. Senate Banking Committee that laid out their proposal for the bailout of the economy. At first it all seems rather straight forward, but hidden inside this document is one little line that proves that Democrats aren’t as interested in the economy as they are in trying to extort a payday for their favorite political advocacy groups. Yes, even in a bill as important as the bailout the Democrats are trying to stuff it with pork!
Here is the seemingly innocuous line from the Democrat’s Bill:
“Directs a certain percentage of future profits to the Affordable Housing Fund and the Capital Magnet Fund to meet America’s housing needs.”
If you research further about the Affordable Housing Fund and the Capital Magnet Fund, you find ACORN and other left wing groups. Stop The ACLU found the Wall Street Journal article from July 2008 indicating the intended recipients of Democrat pork:
That tax eventually will channel upwards of $600 million annually in grants for developing and restoring housing, mostly as low-income rentals, available to Acorn and other groups (such as the National Council of La Raza and the National Urban League ). Democrats on Capitol Hill and housing groups say the housing-assistance money is vital to helping Americans hit hardest by what some call the largest drop in home values since the Great Depression.
Hey Democrats….maybe you could think about fixing the mess in which you share most of the blame and get your nasty, slimy hands out of the cookie jar?
Or maybe, just maybe, some of that “profit” could be spent on reducing the national debt that you are always accusing others of inflating?
Just for review…..and to emphasize the point…. who are ACORN, National Urban League, and La Raza?
From Stop the ACLU:
Many may already know that ACORN ( The Association of Community Organizations for Reform Now) is under investigation in several states for voter fraud. They have been caught turning in hundreds of thousands of fake voter registration cards in an effort to stuff ballot boxes with fake voters and pump up Democrat vote totals. ACORN’s founder also tried to cover up an embezzlement scheme his little brother perpetrated when he stole $1 million dollars of the organization’s money. This has only lately come to light.
And one Presidential Candidate has big ties to ACORN and its not John McCain. From Michelle Malkin:
…..What we have here, essentially, is Obama using a non-profit group called Citizens Services Inc. as a front to funnel payments to ACORN for campaign advance work…..
……FEC reports show that from February-May 2008, Obama paid $832,598.29 to CSI…..
….(and from the Consumer Rights League) “ACORN has a long and sordid history of employing convoluted Enron-style accounting to illegally use taxpayer funds for their own political gain,” Terry claimed. “Now it looks like ACORN is using the same type of convoluted accounting scheme for Obama’s political gain.”……
……Blair Latoff, spokeswoman for the Republican National Committee said): “Barack Obama’s failure to accurately report his campaign’s financial records is an incredibly suspicious situation that appears to be an attempt to hide his campaign’s interaction with a left-wing organization previously convicted of voter fraud. For a candidate who claims to be practicing ‘new’ politics, his FEC reports look an awful lot like the ‘old-style’ Chicago politics of yesterday.”
Again from Stop The ACLU- What is La Raza?
Of course, many are also aware of the race oriented Hispanic La Raza group that has been a major player in trying to allow illegal aliens to enter the U.S., vote in our elections, and take freely of schools and social welfare monies.
I might also add that LaRaza also advocates the Mexican invasion of Southwestern states in the US…they claim it is theirs to take….LaRaza is as anti-American as they come!
What is the National Urban League? From Wikipedia:
The National Urban League (NUL), formerly known as the National League of black men and women, is a civil rights organization based in New York City that advocates on behalf of African Americans and against racial discrimination in the United States.
Guess what demographic group of people are voting at at rate of 93% for Barack Obama? Perhaps a little cash courtesy of the Dems is in order this group, huh?
Why Bush and Senate Republicans are seemingly going along with this notion of pork to far left groups is anybody’s guess….they shouldn’t be. Or, most likely, this is one of those points up for discussion before the bill was to be finalized…that seems more plausible.
Bill Smith at ARRA sums it up best:
When government tries to fix social issues through the use of the taxpayers’ money, there are consequences. Now the American taxpayers are being called upon again to underwrite the problems exacerbated by the prior actions of former and the current Congress and past administrations. It is hoped that Senators and Representatives will avoid this massive “earmark.” All “future profits” from the resolution and disposition of the alleged current bad mortgages (“bad paper”), should accrue to the American taxpayers as a whole and be returned to the Treasury. Any determination as to the use of “future profits” should be determined by those elected and representing the people at that future point in time. No agreements should include an obligation on the potential “future profits.” No agreements should support questionable programs that support organizations that contributed to the failures of mortgages or to the bad lending practices promoted by prior Congresses and administrations.
It’s clear that something needs to be done, but clear heads and capitalist principles must prevail….after all it was liberal social engineering that got us into this mess…why should we approve something that continues that process in one form or another?
Filed under: 2008 Presidential election, Barack HUSSEIN Obama, George W Bush, John McCain, Politics, Progressives Ain't, Socialism, Taxes, The Clinton Legacy | Tagged: 2008 Election, ACORN, bail out, Barack Obama, Bush Administration, Congressional Democrats, economic crisis, House Republicans, housing crisis, John McCain, LaRaza, National Urban League, Paulson, Politics, pork, Social Engineering by Democrats, Wall Street crisis |