Another Decade, Another Contagion Created by Leftists

And yet more of that impulse for “government love” nearly shot down any effort to correct it. The Democrats were mad at the idea that an executive who has the choice between taking recapitalization from the treasury and taking a golden parachute for themselves needed an enducement to act on the public's interest. What they did nearly weasel in, was that a large percentage of the revenue derived by the eventual liquidation of the Treasury's investment would go to activists acting in the favor of the Democratic party.

Just like the cause of the banking broblem itself, it was all about the class warfare taunt. “Community organizers” wanted it, and we all got it – social manipulation laws requiring underqualifying people had to be offered loans they couldn't affrord in the interest of "social levelling". The purpose was to combat redlining, another grievance recited by the left dug up from 1930’s Philadelphia which supposes that racism was behind the lending of mortgages to people able to pay them off.

See? It succeeded! The “oppressed” who could not make enough to pay back loans got them! Happy now? No? Stlll at it, oh mighty "community organizers"?

“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…”

That’s right. Rather than returning any profits made in the long-term from the economic rescue package, Democrats want to first reward their radical allies at ACORN for their help – often illegal help – in getting Democrats elected to office. Families, seniors, small businesses, and all American taxpayers deserve better than what Democratic leaders are attempting to jam down their throats.