Tuesday, 30 September 2008

MORE ON BARACK OBAMA'S TIES TO ACORN

Ken Berwitz

How would you like to have a President umbilically tied to a corrupt, dishonest organization which, in addition to trying to steal elections by registering people who should not be voting, works the subprime mortgage system until it bleeds oceans of money?

If this is appealing to you, you'll love the following Investors Business Daily editorial.  If not, you'll probably have a far different reaction. 

Here it is:

ACORN's Senator

By INVESTOR'S BUSINESS DAILY | Posted Tuesday, September 30, 2008 4:20 PM PT

Election '08: Barack Obama wasn't just the second-largest recipient of Fannie Mae and Freddie Mac political contributions. He was also the senator from ACORN, the activist leader for risky "affirmative action" loans.

Despite efforts to blame the rescue bill's failure on the GOP, it should be remembered that 95 Democrats some 40% of the Democratic Caucus withheld support. Obama himself also deserves blame not only for the bill's failure, but also for the crisis it was designed to solve.

As the New York Times reports, "Aides to Mr. Obama said he had not directly reached out to try to sway any House Democrats who opposed the measure." Is the reason the fact that the slush fund for ACORN in the original bill, siphoning off 20% of any future profits for such activist groups, was trimmed from the tree?

Obama, who once represented ACORN in a lawsuit against the state of Illinois, was hired by the group to train its community organizers and staff in the methods and tactics of the late Saul Alinsky. ACORN would stage in-your-face protests in bank lobbies, drive-through lanes and even at bank managers' homes to get them to issue risky loans in the inner city or face charges of racism.

In the early 1990s, reports Stanley Kurtz, senior fellow at the Ethics and Policy Center, Obama was personally recruited by Chicago's ACORN to run training sessions in "direct action." That's the euphemism for the techniques used under the cover of the federal Community Reinvestment Act to intimidate financial institutions into giving what have been called "Ninja" loans no income, no job, no assets to people who couldn't afford them.

CRA was designed to increase minority homeownership. Whenever a bank wanted to grow or expand, ACORN would file complaints that it was not sufficiently sensitive to the needs of minorities in providing home loans. Agitators would then be unleashed.

Chicago's ACORN used Alinsky's tactics against institutions such as Bell Federal Savings and Loan and Avondale Federal Savings. In September 1992, the Chicago Tribune described the group's agenda as "affirmative action lending."

Obama also helped ACORN get funding. When he served on the board of the Woods Fund for Chicago with Weather Underground terrorist William Ayers, the Woods Fund frequently gave ACORN grants to fund its activist agenda.

In 1995, Kurtz reports, Obama chaired the committee that increased funding of ACORN and other community organizers. The committee report boasted that the fund's "non-ideological" image "enabled the Trustees to make grants to organizations that use confrontational tactics against the business and governmental 'establishments' without undue risk of being accused of partisanship."

The CRA empowered regulators to punish banks that failed to "meet the credit needs" of "low-income, minority and distressed neighborhoods." It gave groups such as ACORN a license and a means to intimidate banks, claiming they were "redlining" poor and minority neighborhoods. ACORN employed its tactics in 1991 by taking over the House Banking Committee room for two days to protest efforts to scale back the CRA.

As a former White House staff economist writes in the American Thinker, Obama represented ACORN in a 1994 suit against redlining.  ACORN was also a driving force behind a 1995 regulatory revision pushed through by the Clinton administration that greatly expanded the CRA and helped spawn the current financial crisis.

Obama was the attorney representing ACORN in this effort. Last November, he told the group, "I've been fighting alongside ACORN on issues you care about my entire career." Indeed he has. Obama was and is fully aware of what ACORN was doing with the money and expertise he provided. The voters should be aware on Nov. 4 of the roles of both in creating the current crisis.

I've talked about Barack Obama's deep ties to ACORN often in this blog.  And there it is again - in a major financial daily.

When do you suppose the network news shows, NY Times, Today, the MSNBC lineup, etc. etc. etc. get around to noticing?  November 5th?

But listen to them squeal like stuck pigs if you call them biased.


IN CASE YOU STILL HAD ANY DOUBT.....

Ken Berwitz

This little piece comes to us from Charles Johnson of www.littlegreenfootballs.com.  I encourage you to read it and click on the link it provides:

As If It Weren't Obvious

Politics | Tue, Sep 30, 2008 at 9:20:03 am PDT

From Glenn Reynolds at Instapundit, an email from a reader who works in a mainstream media newsroom:

Off the record, every suspicion you have about MSM being in the tank for O is true. We have a team of 4 people going thru dumpsters in Alaska and 4 in arizona. Not a single one looking into Acorn, Ayers or Freddiemae. Editor refuses to publish anything that would jeopardize election for O, and betting you dollars to donuts same is true at NYT, others. People cheer when CNN or NBC run another Palin-mocking but raising any reasonable inquiry into obama is derided or flat out ignored. The fix is in, and its working. I asked permission to reprint without attribution and it was granted.

Media in the tank for Barack Obama?  Imagine that.....


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