What does a community organizer do? Pressure banks to make bad loans

posted at 11:20 am on September 29, 2008 by Ed Morrissey

Stanley Kurtz takes a look at how the Community Reinvestment Act was used by activist groups to pressure banks into lending money to high-risk applicants, and how “community organizers” like ACORN played a front-line role.  ACORN insinuated itself into the process by using CRA to block bank sales and mergers and force lending institutions to lower standards for applicants.  They also championed the sale of these loans to Fannie Mae as a key program that would alleviate the lenders of any risk in lending:

CRA was meant to encourage banks to make loans to high-risk borrowers, often minorities living in unstable neighborhoods. That has provided an opening to radical groups like ACORN (the Association of Community Organizations for Reform Now) to abuse the law by forcing banks to make hundreds of millions of dollars in “subprime” loans to often uncreditworthy poor and minority customers.

Any bank that wants to expand or merge with another has to show it has complied with CRA – and approval can be held up by complaints filed by groups like ACORN.

In fact, intimidation tactics, public charges of racism and threats to use CRA to block business expansion have enabled ACORN to extract hundreds of millions of dollars in loans and contributions from America’s financial institutions.

Banks already overexposed by these shaky loans were pushed still further in the wrong direction when government-sponsored Fannie Mae and Freddie Mac began buying up their bad loans and offering them for sale on world markets.

Fannie and Freddie acted in response to Clinton administration pressure to boost homeownership rates among minorities and the poor. However compassionate the motive, the result of this systematic disregard for normal credit standards has been financial disaster.

I wrote about this last week from the fascinating perspective of 1999, when this effort got mainstream media notice for its supposed success.  Now, however, no one wants to talk about the “community organizers” of ACORN, La Raza, and the Urban League, and how they used identity politics to distort the lending market.  This closes a loop from that post in describing exactly how the CRA got used to extort shaky loans.  The government relied on ACORN and other “community organizers” to file nuisance complaints in order to force the bad lending practices that created this mess.

Where was Congress in protecting the market?  Why, they were funding these same “community organizers”.  Over the last seven years, Congress gave earmarked grants worth millions of dollars to ACORN, explicitly for their assistance in low-income housing.  The original Dodd proposal for the bailout would have made millions more available to ACORN through the Housing Trust Fund, a slush fund Democrats established this year to support even more “community organizing” along these lines.

Of course, Congress did more than just that.  They pressed Fannie Mae and Freddie Mac into buying up all that bad paper and turning them into investment products.  Supposedly this spread the risk, but what it really did was create an artificial demand for loans under any conditions.  The lenders could not lose; they made a short-term profit on every loan whether or not the borrower made payments, thanks to Fannie and Freddie, and that set off a frenzy of credit sales that paid little attention to fundamentals.  Fannie Mae’s board was too busy getting personal sweetheart deals from lenders like Countrywide to worry about whether the paper was good or not.

Kurtz takes special pains to note Barack Obama’s ties to ACORN.  Madeline Talbott served as director of Chicago’s ACORN office and led high-profile protests for living wage laws and looser lending practices.  Talbott had Obama train her staff, hired him for legal work, and eventually received funding through the Woods Fund when Obama and William Ayers served on the board.  In their report, the Woods Fund noted the difficulty that ACORN has in raising money from traditional sources, thanks to their controversial activities, and that their award gave ACORN more political cover:

Indeed, the report brags about pulling the wool over the public’s eye. The Woods Fund’s claim to be “nonideological,” it says, has “enabled the Trustees to make grants to organizations that use confrontational tactics against the business and government ‘establishments’ without undue risk of being criticized for partisanship.”

Obama understood what ACORN does very, very well.  He had started off as a “community organizer” from the same tradition, and he remains committed to that tradition — as his $800,000 campaign payment for ACORN’s services showed.

Just a few weeks ago, the media scoffed at critics who wanted a better explanation of “community organizing”.  It’s no laughing matter now.


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If McCain advertises this & all of the other crap that BO has been up to, he’ll win easily.

jgapinoy on September 29, 2008 at 11:23 AM

Thank you Ed.

funky chicken on September 29, 2008 at 11:23 AM

Unfortunately, this information if filtered from at least half of our population. Major city newspapers, Time and Newsweek, NBC, CBS and ABC will not cover it. This is a tragedy and an outrage.

Star20 on September 29, 2008 at 11:23 AM

I was hoping you would pick this up. I just heard about it on Laura Ingraham.

carbon_footprint on September 29, 2008 at 11:24 AM

O,what a tangled web we weave…

whitetop on September 29, 2008 at 11:25 AM

So that’s what a community organizer does!

Tim Zank on September 29, 2008 at 11:26 AM

Well that is it Ed, your a racist now.

Nothign to see here but racists trying to turn Obama into something he isnt.

Move along, move along.

*sarcasm*

TheHat on September 29, 2008 at 11:26 AM

Unfortunately, this information if filtered from at least half of our population. Major city newspapers, Time and Newsweek, NBC, CBS and ABC will not cover it. This is a tragedy and an outrage.

Star20 on September 29, 2008 at 11:23 AM

Disagree to a point. It’s being discussed in depth on Boortz right now too. Keep talking about it. E-mail the campaign to tell them to talk about it. Obama is dirty in this with his connection to ACORN.

hawkdriver on September 29, 2008 at 11:26 AM

If McCain advertises this & all of the other crap that BO has been up to, he’ll win easily.

jgapinoy on September 29, 2008 at 11:23 AM

Key word there being “if”.

Tim Zank on September 29, 2008 at 11:27 AM

THANK YOU, ED!!

Don’t forget to go read all of the article at The Thinker too:
Barack Obama and the Strategy of Manufactured Crisis.

It is critically important that this info be widely disseminated. Please send it to everyone you know on both sides of the aisle.

techno_barbarian on September 29, 2008 at 11:29 AM

You know, if in the event the worst happens and B.O. does get elected, the only comforting thought we will have is that he and he alone will have to deal with the consequences of his own actions here. In other words, this bailout may come back to bite him in the butt big time!

pilamaye on September 29, 2008 at 11:29 AM

Will Sarah Palin follow-up on her famous community organizer comment in the debate? Her political future rests on that kind of boldness taken from the convention. We shall soon find out if she’s still a maverick leader or just McCain’s pet bipartisan parrot with wings wrapped up in duct tape.

As evidenced by the Presidential debate on Friday, this topic is off-limits for McCain. He decided to reach across the aisle to help increase the odds of an Obama kleptocracy.

econavenger on September 29, 2008 at 11:30 AM

Can somebody with an “in” on the McCain campaign PLEASE tell him that this can win the election for him?

Steve Z on September 29, 2008 at 11:30 AM

Tim Zank on September 29, 2008 at 11:27 AM

It’s too bad that it’s up to McCain to publicize this stuff. The MSM ought to be doing it.

jgapinoy on September 29, 2008 at 11:30 AM

Fox news bring this up almost every day on how acorn works and how they got their money. Rush has brought this up also. I am listening to Boortz now, also, taking about it.
L

letget on September 29, 2008 at 11:32 AM

Alert the media.

Kenrod on September 29, 2008 at 11:34 AM

I love to be surprised, but I’ll be surprised if McCain uses this. They ran gutsy, semi hard-hitting ads a couple of weeks ago, and when the MSM whined about it, they backed off.

Just once I wish a Republican campaign would come out to literally crush their opponents. Dems have to lie most of the time to do this. A Republican wouldn’t have to lie.

AubieJon on September 29, 2008 at 11:35 AM

If Sarah is all about reform, which she claims to be, Thursday is her opportunity to expose all of this to the American people. This is her one and only chance to make public what is going on. No matter what the question is, she needs to continue to hammer this point. Even to be as bold as to say “I know you want me to answer that question but it’s my duty as an American to tell the people what caused this mess on Wall Street” and start naming names.

Conservative_SAHM on September 29, 2008 at 11:36 AM

Unfortunately, this information if filtered from at least half of our population. Major city newspapers, Time and Newsweek, NBC, CBS and ABC will not cover it. This is a tragedy and an outrage.

Star20 on September 29, 2008 at 11:23 AM

Disagree to a point. It’s being discussed in depth on Boortz right now too. Keep talking about it. E-mail the campaign to tell them to talk about it. Obama is dirty in this with his connection to ACORN.

hawkdriver on September 29, 2008 at 11:26 AM

Unless McCain’s campaign and all his surrogates can immediately assemble a succinct, coherent summary of Obama’s and the Dems’ role in this fiasco, all is lost. Maybe McCain is waiting for a bill to get passed. But he has to show that HE’S the guy to clean this up because Obama (whom we can still keep out) and Barney Frank et al. (whom we can do nothing about) screwed this up. This and energy should be McCain’s economic message. This isn’t a market problem; it’s a liberal political problem. The hell with the 40% to 45% of the voters who won’t listen. McCain has to speak to the rest. I hope McCain can figure a way to communicate it because we lose if he doesn’t.

BuckeyeSam on September 29, 2008 at 11:37 AM

Sarah Palin knows how to eviscerate a moose, a caribou, and just about anything else. She better eviscerate OBiden.

AubieJon on September 29, 2008 at 11:37 AM

I think Obama is peaking too soon. But where are the McCain TV ads? Stem cell research– I mean really??

I am getting nervous that McCain may have lost his will to win. Obama is on the trail punching away with his lies. I hope McCain’s campaign, the RNC, and the 527s are saving their knockout punch for the last 7-10 days. If I’m not mistaken, there was a huge movement from Obama to Hillary during the last week of each primary.

SuzySanDiego on September 29, 2008 at 11:38 AM

I’m not sure if Sarah Palin is the best person to make this criticism. She’s totally clean on this issue, but she probably doesn’t understand the inner workings of Daley Chicago politics.

But since this article was published in the New York Post, one man who has fought a similar machine could probably address it on the campaign trail: Rudy Giuliani. Where is he these days?

Steve Z on September 29, 2008 at 11:39 AM

Yeah, subprime loans to the poor and to US Senators.

Blake on September 29, 2008 at 11:39 AM

This article, combined with this article detailing how Soros friends lead Wachovia to its ruin and a little memory of how Chuck Schumer ran down a little bank which started this trend; I am not paranoid anymore. I am dead certain that the huge Chicago machine behind Obama got in touch with the huge Soros machine and purposely lead us to this crisis so that Obama can win. God help us!

Democrats caused this mess and yet they are benefiting politically from it. How in the world? I am literally tearing up my hair.

promachus on September 29, 2008 at 11:40 AM

“Barack Obama and the Strategy of Manufactured Crisis”
James Simpson

Yet, no one to my knowledge has yet connected all the dots between Barack Obama and the Radical Left. When seen together, the influences on Obama’s life comprise a who’s who of the radical leftist movement, and it becomes painfully apparent that not only is Obama a willing participant in that movement, he has spent most of his adult life deeply immersed in it.

But even this doesn’t fully describe the extreme nature of this candidate. He can be tied directly to a malevolent overarching strategy that has motivated many, if not all, of the most destructive radical leftist organizations in the United States since the 1960s.

The Cloward-Piven Strategy of Orchestrated Crisis…

Barack Obama, the Cloward-Piven candidate, no matter how he describes himself, has been a radical activist for most of his political career. That activism has been in support of organizations and initiatives that at their heart seek to tear the pillars of this nation asunder in order to replace them with their demented socialist vision. Their influence has spread so far and so wide that despite their blatant culpability in the current financial crisis, they are able to manipulate Capital Hill politicians to cut them into $140 billion of the bailout pie!

God grant those few responsible yet remaining in Washington, DC the strength to prevent this massive fraud from occurring. God grant them the courage to stand up in the face of this Marxist tidal wave.

maverick muse on September 29, 2008 at 11:43 AM

How mighty collapses grow from ACORNs.

Thank you Ed. I haven’t been in much of a good mood this AM, and this brought a chuckle.

Marine_Bio on September 29, 2008 at 11:43 AM

Rezko and Ayers don’t resonate with the public, but tie Obama to ACORN and the sub prime extortion they were apparently perpetrating, and we may have the October surprise that will finish Obama’s candidacy for this and future elections. No big loss-the Dems have plenty of other candidates to rally around. The lukewarm support for Obama will fade just as it did for Kerry.

Doug on September 29, 2008 at 11:44 AM

So when do the republicans introduce a bill to repeal the CRA? The bailout will probably pass, but is Congress going to leave law at the root this sordid mess on the books?

BadDogMN on September 29, 2008 at 11:44 AM

I hope Sarah will smash joe Biden with all these ties. Specifically mention that Obama’s connections with Jim Johnson et all need to be investigated.

BTW, it seems she has been tranquilized by the same Bush team which has tranquilised George Bush. We were all frustrated at how Bush won’t attack libs and dems; apparently it’s due to his media team which told him to “play safe”. Now the same team is mentoring Sarah. Why in the hell Mccain would make such a brain dead decision?

Free Sarah and let her club Biden with all these revelations. She just has to raise the stink and that will give the campaign enough opening to come in explain all the radical ties of Obama and how democrats have caused this debacle.

promachus on September 29, 2008 at 11:44 AM

I really hope this isn’t true but I’m going to throw the most pessimistic idea I can out there: Obama and his liberal friends planned this crash. Yes, planned it and were smart enough to blame the opposition every step of the way. They believe in big government at any cost. They want the little guy to hurt so they can say, “Those who oppose us are not thinking of you.” Every bill passed about this keeps funneling more money back to the control of the liberal elite.

I’m afraid that the fall is inevitable but the worst isn’t hitting rock bottom. I see elements of the bloody French Revolution here. We have already seen real hatred of conservatives that has a mindset that we don’t deserve equal time to speak. Look at the media. When the blue voters finally revolt against the “rich” conservatives it may be bloody fueled by that hate.

Look at the secular huminism that influenced the French Revolution and you’ll see the same things fueling them here. The removal of moral absolutes is going to be our downfall in the US.

“If moral absolutes can no longer judge society, society becomes absolute.” – Francis Schaffer.

shick on September 29, 2008 at 11:44 AM

Will Sarah Palin follow-up on her famous community organizer comment in the debate?

Oh, come on. You don’t think they went all “Jesus was a community organizer!!” on her just for what she said at the convention, do you?
It was a threat to not talk about it again in the future.

MayBee on September 29, 2008 at 11:44 AM

I guess this means that Jesus pressured banks to loan money to deadbeats.

Akzed on September 29, 2008 at 11:46 AM

“she needs to continue to hammer this point. Even to be as bold as to say “I know you want me to answer that question but it’s my duty as an American to tell the people
what caused this mess on Wall Street” and start naming names.

Conservative_SAHM on September 29, 2008 at 11:36 AM”

“I AGREE 1000%.”

bucko36 on September 29, 2008 at 11:47 AM

This needs to be brought to the attention of every American.
All I hear now is how all this was brought about by deregulation and the free market.
I do not think that people understand how dangerous this is. We are in a fight for a free economy and every day the channels are full of talking heads blaming this mess of conservatives and the free market.
How do we fight this when we are fighting Obama and ALL of the mainstream media?

Sorry but feeling a little defeated today, its almost like it is such an uphill clime against such a massive enemy, well its just plain discouraging.

Oyyy!

HoosierCon on September 29, 2008 at 11:47 AM

Isn’t there a WELL FUNDED 527 group out there that can put this up in Battleground states? If you know of one Ed or Allah or anyone, let’s take some action and get donations to it right away. I got a Hundie in my pocket I will send today if someone, anyone will PLEASE do the media’s job and expose this fraud before I lose all remnants of my country!

ReaganConservative3 on September 29, 2008 at 11:48 AM

So that’s what a community organizer does!

The first time I ever heard “community organizer”, I swear to you I had this mental image of Barack setting up a car wash to benefit the local senior citizen’s center.

Matticus Finch on September 29, 2008 at 11:49 AM

Democrats caused this mess and yet they are benefiting politically from it. How in the world? I am literally tearing up my hair.

When the MSM and public education establishment is on your side you have a huge leg up in terms of message delivery and understanding plus having to overcome indoctrination of the masses from an early age.

DerKrieger on September 29, 2008 at 11:50 AM

moveon is airing this add on TV right now:

My Friends’ Mess

Why is McCain allowing this to air without a response?

luckybogey on September 29, 2008 at 11:51 AM

Forget Sarah Palin. She was blaming “Wall Street” the other day. I’m not putting anymore stock in her or her “reform” schtick. I like her, but I don’t think she’s ready to be vice president, much less president of this country. She can’t keep blaming “greedy Wall Street” for the subprime mess.

This whole mess is laying at the feet of the republicans and Bush–simply because he was at the helm the last eight years. I don’t think McCain has a chance. The general public doesn’t care about Obama’s ties to the radical left or his constant lying and misrepresentations. I was pretty positive a few weeks ago that McCain would take the election by 2.3%–but now, forget it. And the more Palin speaks, the farther down her numbers seem to go.

robblefarian on September 29, 2008 at 11:52 AM

Just a few weeks ago, the media scoffed at critics who wanted a better explanation of “community organizing”. It’s no laughing matter now.

This has not been a laughing matter for years. Legitimate community organizers are commendable. Obama is not one of those people and never has been. He is nothing by a corrupt fraud who has leveraged the misfortune of others to pursue his own political ambitions. This fact has been clear for his entire career.

If the MSM and our elected officials cannot or will not hold him accountable, it is up to WE THE PEOPLE to do so. Donations and waiting till election day will not cut it anymore. Decisive and sweeping action is needed and it must be done NOW.

Damiano on September 29, 2008 at 11:53 AM

robblefarian on September 29, 2008 at 11:52 AM

She’s just being forced to repeat the BS that McCain himself believes. He’s NOT a COnservative and admittedly doesn’t understand the economy. We don’t really know what she believes.

DerKrieger on September 29, 2008 at 11:54 AM

I’m financially dumb but understand most of what HotAir and Michelle are saying about this bailout scheme. My question is: What other choice do we have? Let them fall and what happens to the economy after that? I really don’t know.

shick on September 29, 2008 at 11:56 AM

The original bailout bill would have given beaucoup dollars to ACORN, of all things. Apparently ACORN is now an official appendage of the DNC. Let’s hope the Republicans, especially Sarah during the debate with bin Biden, hammers on this aplenty.

Please God do not let these snakes win the White House.

Akzed on September 29, 2008 at 11:58 AM

Let them fall and what happens to the economy after that? I really don’t know.
shick on September 29, 2008 at 11:56 AM

Imagine a world with no banks.

Akzed on September 29, 2008 at 11:58 AM

I feel frustrated – just like I did back in 1992 – when Bill Clinton was running around saying “It’s the economy, Stupid!” and blaming everything on republicans. I listened to Rush then to hear the real story and turned on the evening news and got something totally different. The TRUE stories never got to the average voter and a good/smart man was defeated. Deja vu?

HawaiiLwyr on September 29, 2008 at 12:00 PM

If McCain advertises this & all of the other crap that BO has been up to, he’ll win easily.
jgapinoy on September 29, 2008 at 11:23 AM

Unfortunately, this information if filtered from at least half of our population. Major city newspapers, Time and Newsweek, NBC, CBS and ABC will not cover it. This is a tragedy and an outrage.
Star20 on September 29, 2008 at 11:23 AM

McCain ads need to lay this out clearly, including ways for viewers to verify, AND ask the viewers to contact their local MSM affiliates and ask why they have not reported it. This is us against them, and them is the Dems and the MSM.

Patrick S on September 29, 2008 at 12:01 PM

Well he doesn’t automatically have all black people’s votes for one. That is one thing we don’t hear reported. All black people are not excited about the community organizer.

http://sarah-palin-2008.blogspot.com/2008/09/id-rather-be-whitetrash-than-be-heather.html

Dr Evil on September 29, 2008 at 12:02 PM

shick on September 29, 2008 at 11:56 AM

One of the more conservative GOP house members made one of the mose excellent points on this subject. (I can’t find the ref, but in the interest of timeliness…)

Essentially he said that if we’re not allowed to fail, then it isn’t too long until we’re not allowed to succeed.

Food for thought.

Marine_Bio on September 29, 2008 at 12:05 PM

http://www.freddiemac.com/news/archives/afford_housing/2005/20050428_phoenix.html

Phoenix, AZ – In an effort to enable more African Americans and Latinos in Phoenix to take the important steps toward homeownership, Freddie Mac, Chase Home Finance and ACORN Housing-Phoenix today announced a new awareness and outreach campaign called “Homeownership: Let the TRUTH Move You” or “¿Tu propia casa? ¡Atrévete!”

The campaign debunks common misconceptions about homeownership that are stopping many minority families from even considering buying a home.

Research conducted by Freddie Mac suggests that reliable, accurate information about home buying may not be reaching minority communities. The research uncovered several common misconceptions about home buying among African Americans and Latinos. For example, about half of African Americans and Latinos believe that they need a 20 percent down payment to buy a home, and that they need almost perfect credit to get a loan. In addition, more than half of African Americans and Latinos believe that they must have the same job for at least three years to get a loan.

Dash on September 29, 2008 at 12:05 PM

Thanks for this, Ed.

Now we’re beginning to understand why the Obama campaign is so highly sensitive to criticism of his experience as a ‘community organizer.’

petefrt on September 29, 2008 at 12:06 PM

Wonder if Senator McCain is just letting this play out a little longer, and is then going to come out with a really hardhitting ad detailing the whole Obama, ACORN, CRA, Chicago political machine collusion. I heard on the radio yesterday that Rezco is starting to talk about Blago and Obama to the prosecutors at his trial. Sure hope that’s the case. Before Senator McCain announced Gov Palin as his running mate, I had some pretty dark thoughts about who he might pick, and that worked out great in my estimation.
There’s something to be said on timing things correctly. The election is still more than a month away, and some people have really short memories. Also, the Obama media will be working overtime on putting a spin on it, look how hard they’ve been working to try to get a ‘gotcha’ on McCain/Palin similar to the Rev Wright scandal.

Mulligan on September 29, 2008 at 12:07 PM

Rush is on the case!

petefrt on September 29, 2008 at 12:12 PM

Unfortunately, this information if filtered from at least half of our population. Major city newspapers, Time and Newsweek, NBC, CBS and ABC will not cover it. This is a tragedy and an outrage.

Star20 on September 29, 2008 at 11:23 AM

It is a tragedy and an outrage. This is one case where, unless it is covered in the MSM, Main Street USA will not understand and vote appropriately. New media and political ads (which will be viewed skeptically) will not be enough I fear.

Mr_Magoo on September 29, 2008 at 12:16 PM

Rush is on the case!

petefrt on September 29, 2008 at 12:12 PM

I’m afraid undecideds will not be listening to Rush. I hope that it will help by galvanizing the troops and making it acceptable for another media to pick up on it.

Mr_Magoo on September 29, 2008 at 12:18 PM

I hope that it will help by galvanizing the troops and making it acceptable for another media to pick up on it.

Mr_Magoo on September 29, 2008 at 12:18 PM

It gets the ball rolling out of the blogosphere. Rush sets the theme for most other talk radio shows, and FNC will cover it. But as you suggest, it’s going to take a bomb of some kind to force MSM to cover it.

Any suggestions on the best bomb to use, and who should lob it?

petefrt on September 29, 2008 at 12:23 PM

Wonder if Senator McCain is just letting this play out a little longer, and is then going to come out with a really hardhitting ad detailing the whole Obama, ACORN, CRA, Chicago political machine collusion.

There’s something to be said on timing things correctly. The election is still more than a month away, and some people have really short memories.

Mulligan on September 29, 2008 at 12:07 PM

Good points all. If McCain’s team can organize an appropriate attack within the coming weeks starting perhaps in the media (like Fox), then they can be seen as responding to the situation instead of starting a fight.

And yes, the public has an attention span of about 20 minutes! Not always their fault, but it is a fact of life in the media blitz world.

Mr_Magoo on September 29, 2008 at 12:23 PM

Any suggestions on the best bomb to use, and who should lob it?

petefrt on September 29, 2008 at 12:23 PM

I’m hoping Stanley Kurtz comes up with something huge!

Mr_Magoo on September 29, 2008 at 12:24 PM

Now here’s some real red meat to chew on….but people still want to squawk over that stupid ‘bracelet’ kerfuffle.

LimeyGeek on September 29, 2008 at 12:25 PM

Does anyone know what Stanley Kurtz is doing right now? Last I heard, the Obama nutroots were trying to shut him up.

Mr_Magoo on September 29, 2008 at 12:29 PM

Can somebody with an “in” on the McCain campaign PLEASE tell him that this can win the election for him?

Steve Z on September 29, 2008

I don’t think this is true for this election. America is apparently hell bent on electing change. And this year that change means the most leftist candidate in the history of the republic.

If Obama was caught on tape with the Communist Manifesto under his arm while throwing a moltov cocktail at the Pentagon the American public would just wonder when he gets his own reality show.

JonPrichard on September 29, 2008 at 12:30 PM

Any suggestions on the best bomb to use, and who should lob it?

petefrt on September 29, 2008 at 12:23 PM

A freedom bomb courtsey of Bill Ayers?

VolMagic on September 29, 2008 at 12:30 PM

Essentially he said that if we’re not allowed to fail, then it isn’t too long until we’re not allowed to succeed.

Food for thought.

Marine_Bio on September 29, 2008 at 12:05 PM

I heard that before but didn’t understand it until you associated it with my question.

Thank you.

shick on September 29, 2008 at 12:33 PM

As a young attorney in the 1990s, Barack Obama represented ACORN in Washington in their successful efforts to expand Community Reinvestment Act (CRA) authority. In addition to making it easier for ACORN groups to force banks into making risky loans, this also paved the way for banks like Superior to package mortgages as investments, and for the Government Sponsored Enterprises Fannie Mae and Freddie Mac to underwrite them. These changes created the conditions that ultimately lead to the current financial crisis.” http://www.americanthinker.com/printpage/?url=http://www.americanthinker.com/2008/09/barack_obama_and_the_strategy.html

No wonder BO doesn’t want his client records released from his former law firm.

C’mon McCain…. get on it!

Cody1991 on September 29, 2008 at 12:33 PM

It’s not enough of a bomb to get the story into MSM, but a good first step is for our guys to start naming names Frank, Dodd, Raines, Johnson, Gorelick, et al.) and making charges (fraud, theft, gross negligence). I think eventually McCain’s going to have to do this, but I’m uncertain about strategic timing.

petefrt on September 29, 2008 at 12:42 PM

It’s even worse that community organizers forced all these huge financial institutions to buy up all these risky mortgage backed securities!

Oh wait, no they didn’t.

That was the greedy financial overlords who made millions and then told themselves “don’t worry, if this all goes sour, Joe Taxpayer will save us.”

And they were right.

e-pirate on September 29, 2008 at 12:53 PM

“don’t worry, if this all goes sour, Joe Taxpayer will save us.”

And they were right.

e-pirate on September 29, 2008 at 12:53 PM

More like :

“Don’t worry, if this all goes sour, Joe Taxpayer is too dimwitted and spineless to prevent Big Daddy Gubmint from taking their money and saving our ass”

And they were right.

LimeyGeek on September 29, 2008 at 12:57 PM

Just some thoughts on Obama. Wrong policy, wrong temperment.

Domestic policy. Take from rich, give to poor. He half admits it. What is the saying, when the US catches a cold, the black community gets pneumonia? Taxing the job creators will hurt the economy, and make the black population even more dependant.

Foreign policy. A disaster. From meeting with foreign dictators w/o preconditions, to invading an ally Pakistan, to ceding up front all US bases in Iraq, to blaming 9/11 on poverty and ignorance, to taking credit for things he shouldn’t.

Temperment. This is the worst. Dissembling, lying, shading, twisting, covering up. James B. Stewart was aghast at the two Clintons’ blatant “disregard for the value of the truth”. Obama is worse. Truth means nothing to him. It’s all image and achieving a result. On Huckabee’s new Fox program last night, Elizabeth Hasselbeck showed her chip on the View where she asked Obama about Rev. Wright. He said, no, he hadn’t seen any of those clips, but in 20 years, if you take the 6 dumbest things said by anyone, it would paint a bad picture. But that IS who Wright is. It’s an accurate picture. Blatant disregard for the truth. I see zero respect for the truth in Obama. It’s all image and shifting. He’s worse than the Clintons. He’ll damage the country.

Paul-Cincy on September 29, 2008 at 12:59 PM

Obama says what he can get by with, not what he believes. Am I the only one who sees this?

Paul-Cincy on September 29, 2008 at 1:07 PM

Thursday’s debate is the PERFECT opportunity for Sarah to attack Obama and go into detail directly to the American people about Obama’s connection to ACORN and their push to make bad loans, line the pockets of the mortgage companies and then go from the CRA from 1995 to present, then mention how McCain worked on a solution while Obama slipped out and ignored the problem.

However, I believe McCain will not give her the facts and turn her loose. He just doesn’t understand the silver bullet he has for her to kill Obama for good, AND get rid of the image of her as an out of touch lightweight.

If they would just give me 2 days with her and a net connection, we could simply take the links from HA right to the truth about Obama, and his Community Organizing.

Sad that McCain is such a pussy.

Sapwolf on September 29, 2008 at 1:09 PM

ACORN doesn’t matter and will have zero impact.

This is just more preaching to the choir.

The msm has no interest in covering this or anything else that is critical of Obama other than as a pretext to swat down stories. If all of the other baggage is not sufficient to dissuade a voter, this will not make an oz. of difference.

Having viewed the various polls following the debate, I can’t believe people saw the same debate I watched.

moxie_neanderthal on September 29, 2008 at 1:14 PM

“Don’t worry, if this all goes sour, Joe Taxpayer is too dimwitted and spineless to prevent Big Daddy Gubmint from taking their money and saving our ass”

And they were right.

LimeyGeek on September 29, 2008 at 12:57 PM

Touché

Marine_Bio on September 29, 2008 at 1:31 PM

Having viewed the various polls following the debate, I can’t believe people saw the same debate I watched.

moxie_neanderthal on September 29, 2008 at 1:14 PM

I was just having that very same discussion with a co-worker.

This isn’t like the 1992 debate, where I could see that Bill Clinton had handled himself in a manner that would convince the “undecided” to vote for him. He has far more political acumen than Obama.

It is somewhat unfathomable that such as smack down as what obama received is viewed as a victory.

STUCK ON STUPID….Boortz was right about the deciders in this election being the same ones who have kept american idol as the #1 show for so long.

SCARY.

Marine_Bio on September 29, 2008 at 1:36 PM

I look forward to being shaken down by President Obama. I can be my brothers keeper AND own his mortgage. If he pays great, if he doesn’t who cares, its not my money its from the government.

Angry Dumbo on September 29, 2008 at 1:37 PM

O/T

It looks like the house is having a little problem:
203 yea—-228 nay

Rovin on September 29, 2008 at 1:48 PM

Looks like its gonna fail.

Good!

44Magnum on September 29, 2008 at 2:00 PM

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