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Stimulus For The Leftist ACORN?


CofCC.org News Team.

Acorn has already received a $2,000,000 donation from Bailed Out Bank of America.

From dailynews-record.com

ACORN, you may recall, is the left-wing activist group with longtime ties to community organizer-turned-President Barack Obama. The nonprofit, which now takes in 40 percent of its revenues from American taxpayers after four decades on the public teat, has a history of voter fraud, corporate shakedowns, partisan bullying and pro-illegal immigration lobbying. The Democrats’ stimulus proposals could make the group — and its lesser known but even more radical ideological allies — eligible for upward of $5 billion in new public cash.

Talk about subsidizing failure. These are the same activists that helped sow the seeds of the subprime meltdown. They aggressively played the race card and pressured banks to loosen standards, throw out down payments and lend to some of the nation’s riskiest borrowers. Now, these mobs protest across the country, disrupt foreclosure auctions, threaten bank executives and accuse lenders of, yep, racism for lending to those riskiest of borrowers.

The stimulus slush fund for these housing entitlement thugs is innocuously dubbed the “Community Development Fund” in the House version of the stimulus bill. Some $4.19 billion would be “used for neighborhood stabilization activities related to emergency assistance for the redevelopment of abandoned and foreclosed homes.” The legislation changes the way the fund would be disbursed and loosens lobbying restrictions.

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