Posted by Tina
An article in Investors Business Daily, Rescuing Acorn reveals the true intentions of those congressmen bent on playing politics as usual instead of working hard to bring a timely solution to the banking problem. This situation calls for wise leadership and focus on a specific problem. Please consider the following carefully:
Democrats want to use profits from the bailout as a slush fund for liberal activist groups, even those involved in vote fraud to help elect Barack Obama. *** Prior financial bailouts, or “rescues,” such as those involving savings and loan failures, and Chrysler, have over time actually made money for the government. It may be the case here as well, as assets bought by the government at bargain prices return to marketable values and are auctioned off. *** One of the sticking points in resolving the crisis was a poison pill in the Dodd/Paulson compromise that would move 20% of profits from the bailout into the Housing Trust Fund, a slush fund for political action groups such as ACORN (the Association of Community Organizations for Reform Now) and the National Council of La Raza. *** ACORN uses taxpayer money to elect people like Barack Obama who will work to get them more taxpayer money. Democrats are willing to rip off taxpayers in a national crisis to make it happen.
I urge you to read the entire revealing article.