Monday, October 6, 2008

Obama and ACORN

From what I understand, this group is a network of community orgranizers that work to undermine our economy by putting pressure on banking industries to hand out loans for homes to those who are low or fixed income individuals that cannot afford to pay for the loans. Often times these individuals will protest inside of banks, and even go so far as going to the homes of banking personnel to protest for these loans.

The current economic crisis can mostly be attributed to CRA (Community Reinvestment Act signed into law by Jimmy Carter in 1977) which, by any other standard, says that lender financial institutions such as Fannie Mae and Freddie Mac may extend credit to borrowers under high-risk conditions...which, in essence, is default credit.

CRA is another one of the socialist programs that Democrats like to use to make us dependent on government for our needs, as folks like those low-income folks who organized ACORN see an avenue to exploit the financial system and not take any responsibility for their actions, further burdening the American taxpayers with their deception...Ultimately, devaluing the dollar, as taxpayers become indebted to the government and thus, ending our economy in total collapse because of predatory lenders investing in the money, reaping the profits and then staching it away in foreign banking.

How does Barack Obama fit into the mix? Well, he is one of the lead organizers in the group called ACORN (Association of Community Organizations for Reform Now), in that when he arrived in Chicago, he teamed up with Madeline Talbott who is an activist leading the intimidatory tactics and on working with Fannie Mae in creating the default credit policy.

To put it into perspective, if you want to know how our economy has gotten to the point where it is now, you need to look no further than to Barack Obama and his past history as a community organizer.

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