What? ACORN Given 20% of Bailout Money under Original Bailout Proposal??????? UPDATE 1X

~~By InsightAnalytical-GRL

UPDATE

NoQuarter has posted the draft agreement on the bailout and notes section 3-c which pertains to ACORN…

http://noquarterusa.net/blog/2008/09/26/the-acorn-poison-pill/

The ACORN Poison Pill

By Larry Johnson on September 26, 2008 at 2:39

A commenter has raised the question over whether ACORN would actually be getting 20% of the $700 million package or whether it would get a portion of “the profits.” This section of the draft refers to this mention of “profits.”

But that still leaves the question about why ACORN and other groups mentioned would even be included in this bill as an earmark!  Why wouldn’t “profits” be distributed to things like shoring up Medicare or paying down the national debt, rather than going into organizations like these???  I don’t know about the other two mentioned, but “ACORN” and the term “transparency” are not exactly synonymous…

And I am still waiting for the mainstream media to do a thorough investigative report on ACORN and Obama…HA!

****

No wonder the Republicans are against this arrangement!

Apparently, Lindsey Graham told Greta Van Susteren about the provisions in the aborted bailout deal that earmarked 20% of the $700 million deal to ACORN!  The Democrats and Obama deserved to be CLUBBED with this!

Michele Malkin (whom I’ve detested for oh so long) has the details…

Kill the bailout: More ACORN funding?!

By Michelle Malkin  •  September 25, 2008 10:26 PM

Just heard from several readers that Lindsay Grahamnesty told Fox that the Mother of All Bailouts includes a reported $100 million more in funding for the left-wing housing entitlement thugs and heavily tax-subsidized fraudsters at ACORN. Under the original bailout proposal, apparently, a large portion of any repayment of the $700 billion would go to Barack Obama’s good friends at ACORN with a smaller allocation to debt repayment. Readers heard him say it was 20 percent.

Told you not to trust Hank Paulson.

And I repeat: Fiscal conservatives need to be looking out for us tonight as they try to ram this thing through with a plethora of goodies for liberal shakedown artists.

Post continues with more details on the protests ACORN has been organizing as well as more phony registrations…now in Florida.

***

This blog examined ACORN and another “advocacy group” here in NM connected to The League of Youth Voters in detail back in August.  ACORN has been caught in illegal voter registration activity here  in NM as well.

So, when do the whores in the media report on ACORN and Obama??

*****

Related Posts:

“What Makes Obama Run?” from The Chicago Reader, December 1995

Part I: New Mexico “Progressive” Voter Registration Groups in Trouble: ACORN Again…Surprised?? (UPDATE 1X)

Part II: NM AG, “Gutsy Gary” King, Fighting for Transparency re: Non-Profits Like the League of Young Voters and ACORN

Update on Non-Profit “Advocacy” Groups in NM…AG Gary King Squelched by Richardson?

UPDATE on Non-Profit “Advocacy” Groups in NM: SOS Agrees with AG Gary King, NMYO Must Register as PAC (Update 1X)

21 Responses

  1. The fact that Malkin, whom I also have loathed for eons, really dislikes Lindsey Graham and John McCain is a good reason to pay attention, in this case, to what she’s saying.

    We all need to back up and just look at facts, not just facts presented as “liberal” facts or “conservative” facts.

    Scuse me if I’m naive but somehow I don’t find a “Blue” crook any more palatable than a “Red” crook. Both are trying to screw us over.

  2. Holy @&^$%!

    I thought Obama would at least wait till he was elected to do this stuff. Must really be he thinks he’s going to lose (because this will guarantee it)!

  3. Amendment:

    After reading this, I broke my no MSM rule and turned on my TV to see what the pundits were saying. Nada about this. Zero. CNBC is suggesting that if the market crashes today (which seems likely) McCain will be blamed. CNN is covering a European balloonist. Fox is dancing around and Geraldo is arguing with a group of people about the Congressional deal/no deal, but no mention of ACORN. TV is off again as I chide my own stupidity. Then come the “Ah, ha!” moment, and I feel sick.

    Is this crisis what Bush will be using to declare martial law before the election?

  4. Look, this pisses me off, but let’s be accurate. The proposal calls not for 20% of the bailout money to go to a fund that would support ACORN and others, it calls for 20% of the ‘profits’ realized on the eventual sale of assets/loans purchased with the bailout money (should any profits ever be realized).

    I don’t want that in any way to be part of the proposal, but it’s not remotely as bad as this headline (and others) make it sound.

    Just trying to be fair and informed; people will discount you/us if we’re not speaking factually.

  5. Well, the plan is supposed to make a profit for the gov’t.,,,which sounds like a potential windfall for ACORN, regardless…and it still doesn’t tell me WHY they are supposed to get ANY money out of this deal! Why not give it to shore up Medicare or CHIP programs?? WHY ACORN????

    Hey, isn’t it interesting the John Conyers cancelled a scheduled hearing on voter law last week…and that Pelosi and co. are letting Rove skip out on a Judiciary Committee citation to testify on the attorney-firing scandal, even though Don Siegelman, a target of the dirty tricks, begged Democrats to vote in the House so that a subpoena could be issued??? And yet, ACORN gets full attention???

    Midas, I have updated….

  6. It is truly a Bizzaro-world year when Michelle “Our Lady Of Perpetual Outrage” Malkin is the voice of reason.

  7. 20% of the profits from a sh*tload of money is still a sh*tload of money.

    I wouldn’t mind having .001% of the profits added to my retirement account.

  8. ACORN is only one of many groups that formed after the Community Reinvestment Act was passed in the 70s, I think. While I think it is wise to keep on eye on lawmakers, it is disingenuous to sift through a list of potential beneficiaries and highlight a particular group and ignore the others.

    I’ve posted this before about various organizations and the cries of how they are fraudulent or crooks or whatever. Most citizen and community organizations form to fill a societal need or advocate for some underepresented group. Probably, the vast majority continue to fulfill their roles. However, just as there is Medicare fraud, union hijacking of votes, sexual discrimination and harassment in union shops, embezzlement of funds from some NGO, or whatever, there will ALWAYS be a handful of people who abuse the goodwill of others and misappropriate the resources of an originally well-intentioned group for their own purposes. I say go after the abusers; don’t broadly paint all community groups, unions, single-payer healthcare, and NGOs with brushstrokes of condemnation and rebuke.

    If ACORN, as one particular example, has been taken over by criminals, go after the criminals. Depending of the extent of control they have, the network of organizations may be doomed, whether the little office in Palookaville, or whereever had anything to do the planning and execution of the deeds (or misdeeds). Remember, you could say similar things about the Democratic Party.

  9. Dammit! WTF is going on??? Why in the world do bloggers/citizen journalists have to do this work!? I heard on the radio last week that some Obama supporters were passing out flyers claiming that Sarah Palin were against prosecuting pedophiles or something like that regarding that education bill. Maybe we need to start fanning out over grocery store parking lots handing out this information.

    This is deplorable.

  10. ea, I specfically did not accuse any of the other groups of chicanery…
    “I don’t know about the other two mentioned, but “ACORN” and the term “transparency” are not exactly synonymous…”

    However, I don’t think any groups like this should be included in a bill like this…no matter who they are. Funding should go through normal, transparent channels.

    And there should be WAY MORE monitoring of them, once they get money. I’m thinking of that anti-abortion group in the Dakotas that was funded by the Bush Admin. to influence that referendum. I’m thinking of religious groups getting funded who discriminate. And the list goes on and on…
    And, what about Rezko et al, getting money to rehab buildings but not doing it ???

  11. It’s rare that you might find me at a loss for words but this has me flabbergasted.

    NObama!

  12. GRL, I think we are writing about two different things, but they meet at this ACORN junction. You mention the anti-abortion groups and religious groups, etc. They are organizations that sprang up suddenly for a specific political purpose to take advantage of changes in the laws to get our money. If I’m not mistaken, ACORN has been around since the late 70s or early 80s. Early on they were involved with trying to get affordable housing during the Reagan years. I was involved with a different organization also interested in affordable housing and dealing with the problem of homelessness. That was nearly 25 years ago. I think part of the problem is a tremendous change in values in this society. Today, the U. S. A. is about consumerism, celebrity, and greed. It is a sad statement to make. There have always been those elements in society, but there were others as well: altruism, fairness, opportunity. What has happened, in my view, is a shift in which values dominate. The ¿under 30? crowd have spent most of their lives absorbing a “me first” attitude and a “take what you can” approach to life. It doesn’t surprise me at all that some youth organizations may be involved in various forms of cheating. If you were to say to them, “It’s not whether you win or lose, but how you play the game that matters,” they would look at you like you were crazy and probably call you an old fool and tell you that winning is the only thing that matters. I have very little to no hope that things will change, because the alleged leaders of this country model such behaviour.

  13. Yes, I know I”m talking about different things….

    I just am commenting that all groups getting money from us, the taxpayer, need to be monitored…closely….

    Some don’t deserve any at all…like those trying to influence elections, etc.

  14. McKinney adds to her 10-point plan:

    11. appointment of former Comptroller General David Walker to fully audit all recipients of taxpayer cash infusions, including JP Morgan, Bear Stearns, Fannie Mae, Freddie Mac, and AIG, and to monitor their trading activities into the future;

    12. elimination of all derivatives trading;

    13. nationalization of the Federal Reserve and the establishment of a federally-owned, public banking system that makes credit available for small businesses, homeowners, manufacturing operations, renewable energy and infrastructure investments; and

    14. criminal prosecution of any activities that violated the law, including conflicts of interest that led to the current crisis.

  15. A PIG FATTENED ON ACORNS >>>>>

    Why, oh why, are people and the MSM not talking about this sickening twist? PLEASE BOMBARD YOUR LOCAL MEDIA WITH THIS AND MAYBE THE TRUTH WILL LEAK OUT!!

    THE ECONOMY IS IN A CRISIS AND THE DEMOCRATS ARE PORKING UP A RESCUE BILL WITH EARMARKS TO A-C-O-R-N (THE VOTER FRAUD OUTFIT).

    NO WONDER THE GOP IS HOLDING FIRM.

    http://hotair.com/archives/2008/09/26/the-democratic-acorn-bailout/

    (excerpt:)

    House Republicans refused to support the Henry Paulson/Chris Dodd compromise bailout plan yesterday afternoon, even after the New York Times reported that Treasury Secretary Henry Paulson got down on one knee to beg Nancy Pelosi to compromise. One of the sticking points, as Senator Lindsey Graham explained later, wasn’t a lack of begging but a poison pill that would push 20% of all profits from the bailout into the Housing Trust Fund — a boondoggle that Democrats in Congress has used to fund political-action groups like ACORN and the National Council of La Raza.

  16. A live blog site for the debate tonight from VoterWatch:

    http://www.bloggingthedebates.com

  17. We need to be careful about quoting that “20%” number. It is not 20% of the 700 billion. It is 20% of any “profits” generated by that bailout.

  18. Yes, that’s why I updated from the original reports….

  19. […] Heart of America with Wooden Arrows -=Linkage=- Who the hell are we trying to bail out here? The first draft of the Bailout proposal gave 20% of the profits to ACORN!!? A group known for falsifying election registrations, where they’ve literally started taking the […]

  20. […] collapsing? And honestly, how did anyone notice we were trying to slip a giant bonus to ACORN into the bailout bill? Why are they paying so much attention? It’s just a few billion […]

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