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One reason the deal was "no deal" yesterday
Posted by: McQ on Friday, September 26, 2008

One of the reasons, or "sticking points" was the usual crap by Democrats trying to shape a bill which would reward their constituencies at the tax payers expense:
The payoff to this corrupt organization is one of the major sticking points of the legislation. Yesterday, Senator Lindsey Graham said:
"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.”
In addition to improper partisan activism and electioneering, ACORN’s history is riddled with incidences of fraud and corruption. Earlier this year the New York Times exposed ACORN for hiding $1 million that was embezzled by the brother of the organization’s founder.

“It is unfortunate that legislators are using this time of crisis to fund an organization who’s corrupt history includes election fraud investigations in at least a dozen states, hypocritical and oppressive employment practices, million dollar embezzlements and a political agenda driven by a handful of anti-corporate activists,” said Richard Berman, Executive Director of the Employment Policies Institute.
For once Lindsey Graham and I agree.

Ed Morrisey at Hot Air provides the language in the bill which supports the point. It came from Chris Dodd's proposal:
TRANSFER OF A PERCENTAGE OF PROFITS.

1. DEPOSITS.Not less than 20 percent of any profit realized on the sale of each troubled asset purchased under this Act shall be deposited as provided in paragraph (2).
2. USE OF DEPOSITS.Of the amount referred to in paragraph (1)
1. 65 percent shall be deposited into the Housing Trust Fund established under section 1338 of the Federal Housing Enterprises Regulatory Reform Act of 1992 (12 U.S.C. 4568); and
2. 35 percent shall be deposited into the Capital Magnet Fund established under section 1339 of that Act (12 U.S.C. 4569).

REMAINDER DEPOSITED IN THE TREASURY.All amounts remaining after payments under paragraph (1) shall be paid into the General Fund of the Treasury for reduction of the public debt.
Got that? 20% right off the top is siphoned off and 65% of that goes to the Housing Trust Fund. Where does ACORN come in? The Heritage Foundation picks it up from there:
Just like any organized crime group, the Association of Community Organizations for Reform Now (ACORN) has a long and established history of using fraud, deceit and intimidation to achieve its goals. ACORN uses intimidation to shake down corporations for operating funds, deceives its own employees into supporting causes they don’t believe in, and cheats the entire country by submitting fraudulent voter registrations.

ACORN is also adept at co-opting government power to fund and legitimize a criminal enterprise. It has been winning federal money since the Carter administration and routinely receives millions of dollars in federal grants from the Department of Housing and Urban Development. In the 1990s, it began shaking down local business communities and has established local “Housing Trust Funds” in more than 300 states, counties, cities and towns. The funds funnel money through groups like ACORN to produce new homes and refurbish existing ones. The key to these trust funds is securing a dedicated source of public funds.

The Holy Grail for ACORN has been the establishment of a National Housing Trust Fund. During the brief economic downturn in 2001, ACORN pushed the fund as an economic stimulus. From 2003 through 2006 it pushed the fund as a solution to housing prices that were too high. Now liberals in Congress have included the National Housing Trust Fund in the latest housing bailout bill, arguing it’s needed because housing prices are too low.
The article from which that quote is taken was written on May 28th of this year - well before the current crisis. What it points out above is Democrats, in the face of this huge financial crisis with which we're confronted, are still trying to divert money to social engineering through an organization that, to be charitable, has been shown to be corrupt.

20% sucked right off the top (and this has nothing to do with supporting the bailout, it has to do with shining a light on the cockroaches who continue to push the same obviously failed agenda in the face of this disaster) to go to a favored polical program and to a favored, albeit corrupt political ally. Not to the debt caused by their incompetence, but to support the party's priorities.

Tell me - regardless of the rest of the plan, would that be a "sticking point" for you as well?!
 
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Previous Comments to this Post 

Comments
Well, I am certainly relieved to hear that Republicans don’t use the government and commonwealth to please their constituents.

Reublicans are not only avatars of clean government and moral politicians, they also excel in the business and banking world.

The Democrats should not even be considered educatable.

 
Written By: Juan Man
URL: http://
Well, I am certainly relieved to hear that Republicans don’t use the government and commonwealth to please their constituents.

Reublicans are not only avatars of clean government and moral politicians, they also excel in the business and banking world.

The Democrats should not even be considered educatable.
So JuanBoy, that’s it? That’s your response to the ACORN inclusion?

"Alejandro did it to mama!" (even though so far we don’t hear about that)

Right now we haven’t seen what the Republicans added, and while I am reasonably sure it’s IN there, so far it’s your bad boys that have sh!t on their hands.

And all you can say is, "well, no one is perfect".

Good Answer Jaun! Way to Man up!
 
Written By: looker
URL: http://
"Alejandro did it too mama"
...not...
"Alejandro did it to mama"
totally different possible meaning there...
My bad.
 
Written By: looker
URL: http://
totally different possible meaning there...
My bad.
Glad you clarified that looker. I was gonna have to ask ’did what?’
 
Written By: meagain
URL: http://
Well, the Dems are tryin to do it to Mama, if I could convince myself that all too many of the Republicans we sent forth weren’t standing in line behind them I’d feel better about the whole thing.
 
Written By: looker
URL: http://
We keep on hearing that the GOP uses fear to motivate voters. Thoroughly depressing is the realization that the left has fully mobilized fear of the right as the foundation for voting Barry. Vote for fascism if you fear the illusion of fascism.

 
Written By: bains
URL: http://
YES!
 
Written By: AMR
URL: http://
You guys see this scam that Dodd is trying to sneak through the bailout.

Gee, never stop at any opportunity to grease the undeserving scammers that paid you off. pretty shameless
 
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Capn Joe - The hit and run man on the high seas!

Juan,

Question 1: which party was Lincoln in and who did he run against for that supported slavery.

Question 2: which party tried their hardest to stop the civil right ammendment in the 60s.

Question 3: which party inthe south had the most klan members

Question 4: which party has a former klan kleagle as one of their most senior senators

Written By: capt joe ...


Replies to capn joe

1- The original Republican Party. Don’t be fooled by Labels. That was 2 centuries ago. The question is which party has kept millions of African-American voters from voting in the last 40 years. Today’s Republican Party. It is fairer to note that those Southern Democrats who defected in 1964 and 1965 because of the Democratic Party’s push for the Civil and Voting Rights acts have become today STAUNCHEST Republicans. The Southern Strategy it is called.

2- This is a loaded question. There was resistance in both parties. BUT the undeniable fact is that a DEMOCRATIC president, a powerful legislator, LBJ, was FULLY responsible for changing enough minds in Congress to pass the CRA of 64 and 65.

3- The Dixiecrat Party - who had to rebel (yet again) against the mainstream Democtratic Party, and become their own party.

4- Well we don’t know about which Republicans were upper klansman, but we DO know about Robert Byrd, who has grown as a human being. He has progressed in a positive way as a human being, while the Republicans are in NO WAY any longer the party of Lincoln.

The moral of the lesson is don’t believe Newt Gingrich’s rewriting of American history. Gingrich is a lying, wife cheating phony, a propagandist who takes credit for Social Security as a safety net, even as he is trying to kill it.

 
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