So I have been doing some homework on ACORN. I have been hearing about it in the news and didn't even know what it was. It is an acronym for the Association of Community Organizations for Reform Now and is the largest left wing radical group in America. They have over 150 sub-organizations with various fields they concentrate their efforts. They are a group of community organizations that use two forms of activism. One of force, civil disobedience and fear tactics to get their messages out. Second, an inside approach where they control a situation through legislation and bullying tactics. The group makes no effort to conceal that they are a radical socialist party. ACORN turns in thousands upon thousands of new voter registrations each week throughout the country. Massive task forces must be employed to review these application due to a track record of voter fraud. ACORN is currently being investigated in as many as 12 states for voter fraud. Naturally the majority of them democratic.
ACORN is the modern successor of the National Welfare Rights Organization (NWRO)that sought to remove eligibility restrictions for welfare, thus flooding the welfare rolls and requiring a massive government rehaul of the entire welfare system for our "socially unjust capitalist society." Their efforts did nothing but destroy the inner cities and create a culture of dependency.
Now you may be thinking, this kind of sounds like the bailout problem that now requires the government to intervene. Well, there's a bit more to the story than this.
Under the Community Reinvestment Act (CRA)passed under the ACORN supported Clinton administration, banks are required to make a certain number of sub-prime loans to certain ethnic and low-income groups. If the banks want to expand or merge, they are required to show that they have met these requirements. So the banks comply and the housing bubble begins to build. The banks begin making plenty of money and ACORN no longer has to threaten lawsuits to push these lending practices. You know the rest of the story now.
Now I am not one for believing in and loosing a lot of sleep over conspiracy theories but this is not a coincidence. In the bailout bill as it was voted on the first time, those Congresspeople close to ACORN included a loophole to allow them to give the first 20% of any profits made to organizations such as ACORN. Before the taxpayer! Many house republicans recognized this bamboozle and voted against it. It was removed in the second version of the bill because of public outcry.
A side note now. Apparently, Obama has close ties to ACORN. He has trained staffers for them during his community organizer days, argued for them as a lawyer in major cases and while serving on the board of directors of two foundations, funneled millions of dollars to ACORN.
When all this bailout started being talked about, I find it funny that Obama remained so quiet and unopinionated. Perhaps because he knew of these connections and how ACORN stood to potentially profit from the bill passing.
So the organization that helped cause this massive financial meltdown is now sitting in the corner watching their plans for the meltdown of capitalism as we know it unfold. I think now our eyes are open and we can see what has happened and it's too late to fix this in a rational way. France, Germany, Russia and now Al Queda are all watching this happen and claiming this is a result of our corrupt capitalist society. Perhaps the problem with our capitalist society is we allow the government intervention that allows groups like ACORN to exert their influence on private enterprise and legislators that taint the system with failed policies. I categorically reject the stance Obama takes on this mess. He claims it is the Bush administration's failed policies. In 2001, 2003, 2004, 2005 both Greenspan and the Republican treasury secretary warned of the impending crisis if action was not taken to reform lending practices of Fannie and Freddie. Each time, democrats voted no along party lines on reform of Fannie Mae and Freddie Mac. If you need proof check the congressional record.
I apologize for the lengthy post.
Looks like someone had a clue what was coming back in 2006. I wonder why this letter, signed by McCain and 19 other republicans was not given credence, house floor time, nor signed by any democrats. No democrat no matter how much he agreed with this letter would have dared sign his/her name to it beside a republican's. The same would have been true of the republicans had this been a democratic party-supported letter. It is yet another illustration as to the wedge of partisan turfism that enables absolute ineptness to go on as accepted "politics as usual"-while nothing gets done about the real problems. Looks to me like these republicans that signed this letter are calling for more oversight not more deregulation as they are daily labeled the "deregulators that caused this whole mess." 
