Citizen Tom

September 28, 2008

Wall Street Bailout Helps Obama Voter Registration Drive

Filed under: economy — Citizen Tom @ 8:59 am

It is not often Del. Bob Marshall send out emails, but he has been busy here of late.  My guess is that the proposed financial bailout has his ire up.  Here is his latest.

The Democrat Wall Street Bailout bill sets aside tax money for community activist groups including ACORN which is registering voters for Barack Obama according to a Wall Street Journal editorial (see below). 

Contact your Virginia Congressman and Senators. 

The Senate vote on the democrat Wall Street Bailout bill may occur as early as 6 PM Sunday, September 28.   The House vote will follow later Sunday evening or Monday.

The Cleveland Plain Dealer (August 27, 2008) reports that the Cuyahoga County Election Board accused ACORN of submitting fraudulent voter registration cards.

“Board employees said ACORN workers often handed in the same name on a number of voter registration cards, but showing that person living at different addresses. Other times, cards had the same name listed, but a different date of birth. Still another sign of possible fraud showed a number of people living at an address that turned out to be a restaurant.”

Delegate Bob Marshall

                      Wall Street Journal September 27, 2008 – Excerpts

Taxpayers are naturally suspicious that political insiders and contributors on Wall Street are going to make out like bandits once Washington starts spending the $700 billion in the financial market rescue. But Democrats have already decided to spin off potentially billions of taxpayer dollars from the bailout fund to their own political buddies — not on Wall Street but on nearby K Street. …

What we have here essentially are a pair of government slush funds created in July as part of the Economic Recovery Act that pump tax dollars into the coffers of low-income housing advocacy groups, such as Acorn.

Acorn, one of America’s most militant left-wing “community activist groups,” is spending $16 million this year to register Democrats to vote in November. In the past several years, Acorn’s voter registration programs have come under investigation in Ohio, Colorado, Michigan, Missouri and Washington, while several of their employees have been convicted of voter fraud.” 

Along with other potential recipients of these funds, including the National Council of La Raza and the Urban League, Acorn has promoted laws like the Community Reinvestment Act, which laid the foundation for the house of cards built out of subprime loans. Thus, we’d be funneling more cash to the groups that helped create the lending mess in the first place. …

This isn’t the first time this year that Democrats have tried to route money for fixing the housing crisis into the bank accounts of these community activist groups. The housing bill passed by Congress in July also included a tax on Fannie Mae and Freddie Mac to raise an estimated $600 million annually in grants for these lobbying groups. When Fannie and Freddie went under, the Democrats had to find a new way to fill the pipeline flowing tax dollars into the groups’ coffers.

The idea that special-interest groups on the left or right should get a royalty payment for monies that are repaid to the Treasury is a violation of the public trust. We’re told the White House and House Republicans are insisting that the Acorn fund be purged from the bailout bill.

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