Your Obama (you) paid for this service; Obama is a major, perennial funding source for ACORN, from your tax receipts. Obama calls this “spreading.” Please appreciate how careful and efficient government always is, and particularly Obama is, when “disposing of” your money. Won’t it be lovely when government handles your health care?
Take your pick from Obama’s ACORN cafeteria plan:
Obama/ACORN pimpin’ advertisement from Sal at Moonbattery – Obama Presents ‘big pimpin’ USA’
[…] Through both funding and personal-leadership training, Obama supported ACORN. And ACORN, far more than we’ve recognized up to now, had a major role in precipitating the subprime crisis.
[…] At this point, both ACORN and the Clinton administration were working together to impose large numerical targets or “set asides” (really a sort of poor and minority loan quota system) on Fannie and Freddie. ACORN called for at least half of Fannie and Freddie loans to go to low-income customers. At first the Clinton administration offered a set-aside of 30 percent. But eventually ACORN got what it wanted. In early 1994, the Clinton administration floated plans for committing $1 trillion in loans to low- and moderate-income home-buyers, which would amount to about half of Fannie Mae’s business by the end of the decade. Wall Street Analysts attributed Fannie Mae’s willingness to go along with the change to the need to protect itself against still more severe “congressional attack.” News reports also highlighted praise for the change from ACORN’s head lobbyist, Deepak Bhargava.
This sweeping debasement of credit standards was touted by Fannie Mae’s chairman, chief executive officer, and now prominent Obama adviser James A. Johnson. This is also the period when Fannie Mae ramped up its pilot programs and local partnerships with ACORN, all of which became precedents and models for the pattern of risky subprime mortgages at the root of today’s crisis. During these years, Obama’s Chicago ACORN ally, Madeline Talbott, was at the forefront of participation in those pilot programs, and her activities were consistently supported by Obama through both foundation funding and personal leadership training for her top organizers.[…]
Stanley Kurtz writes on ACORN and Obama: Obama’s Dangerous Pals
Filed under: Obama trained ACORN |