ACORN’s Senator
Wednesday, October 1st, 2008Posted by Greg
Obama keeps blaming the Bush policies and deregulation on the problems with our economy. This makes absolutely no sense. There has been no deregulation of the banks during Bush’s eight years. The latest deregulation of banks was passed into law by President Clinton. It didn’t lead to this crisis, in fact, it helped mitigate the crisis. The Community Reinvestment Act pushing subprime loans for people who couldn’t afford them, ACORN, Fannie Mae and Freddie Mac, and the Democrats pushing for even more subprime loans are the main culprits in this. Obama is in it up to his armpits.
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.
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.
Sarah Palin needs to hit on this in the vice presidential debate Thursday night. She needs to lay out the history of this crisis and how Obama, ACORN, the Democrats, and Fannie Mae and Freddie Mac are at the heart of it. She needs to lay out how John McCain helped write a law in 2005 that would regulate Fannie Mae and Freddie Mac and seriously helped avoid this crisis. The Democrats fought it. Why isn’t the McCain camp focusing on this?















