ACORN Issue Fueling Bailout Opposition

[Psycho4Bud]

(The Politico) Earlier today, when House Republican leadership framed its opposition to the bailout bill as it currently stands, a principal objection focused on the group ACORN, which the e-mail alert called "the scandal-tarnished 'community organizing group'" -- with scare quotes in the original.

They're referring to the Association of Community Organizations for Reform Now, a group generally allied with Democrats and derided by the GOP as corrupt, inefficient and a front-group for Democratic efforts on the ground.

In issuing the statement, House leaders are reflecting -- and also feeding -- a reaction to the provision that has exploded in the last day or more. Our colleague Ben Smith says he's gotten more than a dozen anti-ACORN e-mails in just the last few hours. The viral uprising is both organic and institutionally driven. Prominent bloggers have fed the flames and so has the Wall Street Journal editorial page; several of the e-mails sent to Smith reference a House leadership alert on the "ACORN Slush Fund" and others refer to the Journal opinion. On Thursday night, Sen. Lindsey Graham (R-S.C.) told The Crypt that his friend Sen. John McCain (R-Ariz.) opposes the provision.

"The draft bill includes a left-wing giveaway that would force taxpayers to bankroll a slush fund for a discredited ally of the Democratic Party," reads one leadership alert. "At issue is ACORN, an organization fraught with controversy for, among other scandals, its fraudulent voter registration activities on behalf of Democratic candidates. Rather than returning any profits made in the long-term from the economic rescue package, Democrats want to first reward their radical allies at ACORN for their (often illegal) help in getting Democrats elected to office."

In the end, how much of the bailout's potential profits are earmarked for ACORN? "None. Absolutely none. All funds would go to state and local governments," said Steven Adamske, spokesman for Rep. Barney Frank (D-Mass.), the chairman of the Financial Services Committee and a lead negotiator.

The opposition has grown so intense that critics refer to the measure in arcane legislative lingo. Erick Erickson titled a Friday morning blog post at RedState: "Section 105(d) of the Bailout Must Go."

Here's the relevant language:

TRANSFER OF A PERCENTAGE OF PROFITS.

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).

USE OF DEPOSITS. Of the amount referred to in paragraph (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 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.

And here's Frank's one-page summary of the Affordable Housing Trust Fund and to find the relevant bill go here and search for H.R. 2895.

State and local governments can then dole out the funds and could send money to ACORN if they so choose and if the organization's efforts meet the standards set out in the law. For their stand against the provision, Adamske tweaked House Republicans, who have long called for more state control of federal funds.

"Are they worried that the Governor of Alaska and the Mayor of Wasilla will give money to Acorn?" he asked.

Regardless, House Republicans are saying that unless the possibility of ACORN seeing any money from this bailout is eliminated, there's no deal. "Doling out favors to ACORN and other liberal special interest groups are a non-starter for House Republicans," said Behner spokesman Kevin Smith. "If Rep. Frank wants to keep ACORN in the bill he can secure the necessary Democratic votes for passage because he'll need every one of them."
ACORN Issue Fueling Bailout Opposition, By Ryan Grim - CBS News

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.'
CRL Testimony on ACORN's Voter Fraud - MarketWatch

Do a google search on "Obama ACORN"......real "change".

Have a good one!:s4:

Psycho4Bud Reviewed by Psycho4Bud on 09-29-2008. ACORN Issue Fueling Bailout Opposition (The Politico) Earlier today, when House Republican leadership framed its opposition to the bailout bill as it currently stands, a principal objection focused on the group ACORN, which the e-mail alert called "the scandal-tarnished 'community organizing group'" -- with scare quotes in the original. They're referring to the Association of Community Organizations for Reform Now, a group generally allied with Democrats and derided by the GOP as corrupt, inefficient and a front-group for Rating: 5

[killerweed420]

Another good reason why we shouldn't bail these crooks out. The original bailout plan was 3 pages long. By the time congress gets through with it, it'll be a thousand pages.

[Psycho4Bud]

Good news...I just heard that the ACORN provision is GONE from this deal. :thumbsup:

Have a good one!:s4:

[Rusty Trichome]

Guess we can add another radical organization to Osama's Phone-a-Friend list...Guess that's why he attempted to stay out of the Washington fray when the financial shit was hitting the taxpayer fan. By the time he got to D.C., the ACORN nut was out of the bag...not much he could say at this important McCain-bashing stage of the process, without someone pointing-out obama's intimate relationship with the group.

I'm kinda curious how many more of these subversive organizations has he really associated and imbeded himself with?

ACORNâ??s Nutty Regime for Cities by Sol Stern, City Journal Spring 2003
Community organizing among the urban poor has been an honorable American tradition since Jane Addamsâ??s famous Hull House dramatically uplifted the late-nineteenth-century Chicago slums, but ACORN and Addams are on different planets philosophically. Hull House and its many successors emphasized self-empowerment: the poor, they thought, could take control of their lives and communities through education, hard work, and personal responsibility. Not ACORN. It promotes a 1960s-bred agenda of anti-capitalism, central planning, victimology, and government handouts to the poor. As a result, not only does it harm the poor it claims to serve; it is also a serious threat to the urban future.

Michelle Malkin » The ACORN Obama knows
According to ACORN, Obama trained its Chicago members in leadership seminars; in turn, ACORN volunteers worked on his campaigns. Obama also sat on the boards of the Woods Fund and Joyce Foundation, both of which poured money into ACORNâ??s coffers. ACORN head Maude Hurd gushes that Obama is the candidate who â??best understands and can affect change on the issues ACORN cares aboutâ?� â?? like ensuring their massive pipeline to your hard-earned money.

Kinda sounds like Trinity United Church of Christ. (obama was a 'community organizer' for both the church and ACORN) But I'm sure to take him at his word, that after twenty years of associations...he didn't 'inhale' the rhetoric from either organization. :jointsmile:

Sure nice to see more of the background of the "change" politician.