Ferguson Rent-A-Mobs Exposed

ACORN’s successor group in Missouri has been paying protesters $5,000 a month to generate civil unrest in Ferguson, the troubled St. Louis suburb where black youth Michael Brown was killed by a white police officer last August. We know this because some of the protesters haven’t been paid and, now, they are demanding what they were promised. They held a sit-in at the offices of Missourians Organizing for Reform and Empowerment (MORE) and posted a demand letter online.


Read more at Frontpage Magazine Read More......

JPMorgan Shakedown Includes Acorn-Style Kickback

Extortion: Just when we thought its post-crisis probe of banks couldn't get more corrupt, the Obama administration has cut radical Democrat groups in on the record $13 billion JPMorgan Chase subprime loan deal.

On Page 5 of "Annex 2" of the recently released consent order, you'll find this little gem: The Justice Department mandates that JPMorgan fork over any unclaimed or unpaid consumer damages to a nonprofit group that finances Acorn clones and other shakedown groups.

They stand to reap millions. The "consumer relief" portion of the deal by itself totals $4 billion.

Read more at Investor's Business Daily Read More......

Obama administration continued to fund ACORN

New documents obtained by Judicial Watch, proves that the Obama administration continued to fund ACORN after all funding was banned for that organization. ACORN Housing changed their name to Affordable Housing Centers of America. All the top officials at ACORN Housing retained the same positions at AHCOA. They also retained the same tax number.

Read more at the Examiner Read More......

ACORN Tied to Occupy Wall Street Protests

ACORN Officials Scramble, Firing Workers and Shredding Documents, After Exposed as Players Behind Occupy Wall Street Protests (Hat tip: John H. Detweiler)

Officials with the revamped ACORN office in New York -- operating as New York Communities for Change -- have fired staff, shredded reams of documents and told workers to blame disgruntled ex-employees for leaking information in an effort to explain away a FoxNews.com report last week on the group’s involvement in Occupy Wall Street protests, according to sources. ✧ NYCC also is installing surveillance cameras and recording devices at its Brooklyn offices, removing or packing away supplies bearing the name ACORN and handing out photos of Fox News staff with a stern warning not to talk to the media, the sources said. Read more Fox News...

Read More......

The Recent Bertha Lewis ACORN Rant

BIG GOVERNMENT, 4/22/2010 by Andrew Marcus - There is something very important to consider about the recent Bertha Lewis rant posted earlier on Big Government, in which she referred to the Tea Party movement as a “Bowel movement”. Something that has thus far been largely overlooked. ∴ While it is important to consider the implications of Bertha using this kind of language to describe average Americans, the actual story is not just what she said, it’s who she said it to. ∴ Bertha was addressing the Young Democratic Socialists. This is not just some fringe, esoteric, Socialist youth group. ∴ The Young Democratic Socialists is the on-campus section of the Democratic Socialists of America. See video and read more...

RELATED
Bertha Lewis: A Socialist Rallying Cry for Immigration Reform Read More......

Newsletter: Your Dearest Interests of Freedom are in Peril

March 28, 2010 Newsletter
“But if we fail, then the whole world, including the United States, including all that we have known and cared for, will sink into the abyss of a new Dark Age made more sinister, and perhaps more protracted, by the lights of perverted science. Let us therefore brace ourselves to our duties, and so bear ourselves that if the British Commonwealth last for a thousand years, men will still say, “This was their finest hour.” --Winston Churchill, Prime Minister of Great Britain, as the British Commonwealth was drawn into World War II.

You can make a difference for the future of freedom in America. - Recognize voter dissatisfaction with the Obama Administration and... act on it!
Before the 2008 election, Acorn went through Oregon to recruit Democrat voters. After the D’s trashed President Bush for eight years, people were sick of negativity and wanted a different approach.

Disaffected Republicans (lured by years of the media trumpeting every accusation and negative thing they could imagine about President Bush and Republicans in general), unaligned voters were easy marks for Acorn to cause them to change their voter registration.

In Benton County in June of 2008, Dem voters outnumbered Republicans by nearly 3,000. ACORN tried to meet every voter. They scoured the county three different times. The result? Republicans lost 2,000 registered voters. Democrats gained 4,000 voters. Today, the Democrats outnumber the Republicans by 8,500 voters!!!

What to do? We must recognize the general voter dissatisfaction with the current administration.

NOW IS THE TIME TO INVITE VOTERS TO JOIN THE REPUBLICAN PARTY, WHOSE BASIC PRINCIPLES ARE FREEDOM TO DETERMINE OUR OWN DESTINY and FISCAL RESPONSIBILITY. The Democrat Party is pulling us into Socialism and slavery. WE MUST ALL ACTIVELY RESIST!


VOLUNTEERS ARE NEEDED TO TELEPHONE AND TO TAKE BALLOTS TO VOTERS WHO WANT TO CHANGE

WE NEED YOU to do the telephone contacting. WE NEED YOU to be standing by, ready to deliver ballots to voters who want to re-register.

• Beginning on April 1, those who may be open to changing Party registration will be telephoned on M-F from 5 to 8 p.m., on Saturday from 3-6 p.m. and on Sunday from 2-5 p.m.
  
• When callers find a person who wants to change their party registration, drivers will be contacted, and they will take a voter registration form to the person you just contacted, wait for the voter to fill out the form, and bring it Republican HQ to be turned into the county Elections Office.
  
• Telephoning must be completed by April 23, because in order to vote in the Republican Primary election you must be registered by April 24.
  
• You choose when you can call. You may call from Benton County Republican Headquarters or from home.
  
• You determine the hours that you are available to deliver ballots and return them to us.
  
• You determine how much calling you can do, but know that WE NEED YOU. As long as voters are registered Democrat, they will receive a continuing barrage of Democrat propaganda.

Let’s work together and invite those folks who are beginning to see the Obama administration’s fallacies to register REPUBLICAN. INVITING PEOPLE TO REREGISTER AS REPUBLICANS CAN MAKE A HUGE DIFFERENCE IN THE RESULTS OF THE 2010 AND 2012 ELECTION.

To volunteer to be a caller, or if you have questions about this effort, please e-mail us with your name and contact information. In advance, we thank you for working with us to save our nation.

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BENTON COUNTY REPUBLICAN CALENDAR

THURSDAY, APRIL 1: Benton County Republican Central Committee Meeting, 7:00 p.m., King Tin Restaurant meeting room, 1857 NW 9th Street. Come hear our featured speakers with their message and their vision for Oregon and our country. Portland’s own Victoria Taft, conservative talk radio host on KPAM 860am and Scott Bruun, candidate for US House of Representatives, District 5. You’re invited to join us for a no-host dinner and meet and greet social hour at 6 p.m.

THURSDAY, APRIL 15: Join the National Tea Party Rally from 4 to 6 p.m. in Corvallis.
All across the nation, patriots will be speaking out with signs expressing their concerns about what is happening to our nation. Meet in the Hollywood Video parking lot (don’t park in front of the store… save space for their customers), then spread out to surround the block on Harrison, VanBuren, 3rd and 4th Streets. This will be a gigantic rally, and you’ve got a lot to say! Make signs on the issues that concern you. We need YOU to help save this nation!!

THURSDAY, APRIL 15: Benton County Republican Executive Committee meets at 7 p.m. at Republican Headquarters, 1760 S.W. Third Street in the Millrace Center.

FRIDAY, APRIL 16: Hear Karl Rove, former Deputy Chief of Staff and Advisor to Pres. George W. Bush. Mr. Rove will speak at the Ronald Reagan Tribute Gala, Friday, April 16, 2010, 5:30 to 8:30 p.m., Riverhouse Convention Center, 3075 N. Business 97, Bend, OR 97701. Tickets for dinner, silent auction and book signing are $50 each. Mr. Rove is author of “Courage and Consequence—My Life as a Conservative in the Fight”
Tickets may be ordered by going to the Oregon Reagan PAC website.

MONDAY, APRIL 26: Benton County Republican Women meet at 277 NE Conifer Blvd. in the Club House at 11:30 a.m.

TUESDAY, APRIL 27: Americans For Prosperity (AFP) meets at Belle Vallee Wine Cellars, 804 NW Buchanan St. (upstairs), 6:30 p.m. to 8:00 p.m. Directions: Turn east of the old Jiffy Lube building, follow the Belle Vallee signs around to the back.

SATURDAY, MAY 1: Primary election ballots arrive in your mailbox. They must be returned to the Benton County Elections office by 8 p.m. on Tuesday, May 18.

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IS THERE A WAY OUT OF GOVERNMENT-RUN HEALTH CARE?

Oregon’s Attorney General John Kroger announced this week that Oregon will not be among the states who will sue the federal government to reject Obamacare. However, attorney generals for 37 other states are looking at joining the lawsuit.

Nancy Pelosi and other Democrats in Congress have begun a campaign to tell you how wonderful Obamacare is.

INVESTORS.COM TELLS HOW OBAMACARE WILL TAKE AWAY OUR FREEDOMS
From an article by David Hogberg posted 3/23/2010

1. You don’t want health insurance…you’re young, you need to minimize expenses because you’re starting a business. TOUGH. You must pay $750 annually anyway. (Sec 1501)
   
   
2. You are healthy and want to pay for insurance that reflects that status. TOUGH. You must pay for coverage not only for yourself but for the guy who smokes three packs and drinks a gallon whiskey a day.(Sec 2701)
   
   
3. You’d like to pay less in premiums by buying insurance with limits on coverage. TOUGH. Insurers will no longer be able to offer such policies. (Sec 2711)
   
   
4. You want a policy that’s cheaper because it doesn’t cover preventive care. TOUGH. Even if customers wants that kind of policy, insurers can’t offer it. (Sec 2712)
   
   
5. You’re an employer and want to offer coverage that doesn’t allow your employees’ slacker children to stay on the policy until age 26. TOUGH. Not allowed. (Sec 2714)
   
   
6. You MUST buy a policy that covers ambulatory patient services, emergency services, hospitalization, maternity and newborn care, mental health and substance use disorder services, including behavioral health treatment; prescription drugs; rehabilitative and habilitative services and devices; laboratory services; preventive and wellness services; chronic disease management; and pediatric services, including oral and vision care. Hey, you’re a single guy without children. TOUGH! Your policy must cover pediatric care. You’re a woman who can’t have children! TOUGH. Your policy must cover maternity services. You’re a teetotaler. TOUGH! Your policy must cover substance abuse treatment. (Sec 1302)
   
   
7. You want a plan with lots of cost-sharing and low premiums. The best you can do is a “Bronze plan,” which provides benefits that are actuarially equivalent to 60% of the value of the benefits of the plan. Lower than that, TOUGH. Sec 1302(d)(1)(A)
   8. You’re a small business and want to offer policies with deductibles higher than $2,000 for individuals and $4,000 for families. TOUGH. (Sec 1302(C)(2)(A))
   
   
8. If you are a large employer (at least 50 employees) and you do not want to provide health insurance to your employees, TOUGH. You will pay at least a $750 fine per employee. (Sec 1513)
   
   
9. You are an employer who offers health flexible spending arrangements and your employees want to deduct more than $2,500 from their salaries for it. TOUGH. No can do. (Sec 9005 (i))
   
   
10. You’re a physician and you don’t want the government telling you what to do. TOUGH. The Secretary of Health and Human Services is authorized to use your claims data to issue you reports that measure the resources you use, provide information on the quality of care you provide, and compare the resources you use to those used by other physicians. Of course, this will all be just for informational purposes. It’s not like the government will ever use it to intervene in your practice and patients’ care. Of course not. (Section 3003(i))
    
    
11. If you’re a physician and want to own your own hospital, you must be an owner and have a “Medicare provider agreement by December 31, 2010. If you don’t have these by then, you are out of luck. Sec 6001(i)(1)(A)
    
    
12. If you are a physician owner and want to expand your hospital, TOUGH. Well, unless it is located in a country where, over the last five years, population growth has been 150% of what it has been in the U.S. (Sec 6001(i) (3) (C))
    
    
13. You are a health insurer and you want to raise premiums to meet costs. If that increase is deemed “unreasonable” by the Secretary of Health and Human Services, TOUGH. (Sec 1003)
    
    
14. The government will extract a fee of $2.55 billion from pharmaceutical companies in 2010 (this fee increases to $3 billion in 2012, $3.5 billion in 2017, $4.2 billion in 2018, then settles at $2.8 billion in 2019), based on the percentage of brand-name drugs they sell in the U.S. If you have 10% of the market, you’ll pay $255,000,000 to the government in 2010. Think you, as a pharmaceutical executive, know better how to use that money, say for research and development? TOUGH. (Sec 9008 (b))
    
    
15. The government will extract a 2.9% excise tax from medical device makers. A company’s share depends on its share of medical device sales in the U.S. You’d rather use that money for R&D? TOUGH. (Sec 1405)
    
    
16. The government will extract a fee of $6.7 billion annually from insurance companies. A company’s share is based on net premiums + additional charges. Don’t like it? TOUGH.
    
    
17. If you go for cosmetic surgery, you will pay an additional 5% tax on the cost of the procedure. Think you know how to spend that money better than the government? LIKE YOU NEED TO ASK. (Sec 9017)

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THIS ARTICLE BY MICHAEL ZAK APPEARED AT ANDREW BREITBART'S BIG GOVERNMENT

Has the Democratic Party ever enacted a law as atrocious as its government takeover of the American people's healthcare? Has the Democratic Party ever enacted a law so unpopular? Yes and Yes.

In 1854, Democrats controlled both houses of Congress and the presidency. Their top priority was to repeal the Missouri Compromise prohibition of slavery in the northern territories. The author of this infamous legislation, the Kansas-Nebraska Act, was Stephen Douglas, a Democrat Senator from Illinois and owner of a slave plantation in Mississippi.

Senator Douglas claimed the law would be a final solution to the slavery question, so that Congress could move on to other issues. In fact, the Kansas-Nebraska Act sparked a political firestorm. Opponents of slavery - and the police state and economic stagnation that went with it - understood that, if unchecked, the slave system would expand throughout the territories and then the entire nation.

As the Democrat-controlled Supreme Court would soon prove with its 7-2 Dred Scott decision (both Republicans dissenting), pro-freedom Americans feared that the judiciary would uphold the expansion of slavery. Many Democrats were already touting slavery (not for themselves, of course) for poor whites, too. "Free Society!" declared a prominent Democrat newspaper, "We sicken at the name!"

Every American was forced to choose sides. One was either for the free market system or against it; there was no middle ground.

As Alexis De Tocqueville observed: "Socialism is a new form of slavery." Today's congressional Democrats who voted to impose socialized medicine on the nation while exempting themselves should bear in mind Abraham Lincoln's words: "Whenever I hear anyone arguing for slavery, I feel a strong impulse to see it tried on him personally."

Denouncing the Kansas-Nebraska Act, Lincoln warned against submitting to political masters: "If there is anything which it is the duty of the whole people to never entrust to any hands but their own, that thing is the preservation and perpetuity, of their own liberties, and institutions."

Not all Democrats went along with the Kansas-Nebraska Act. In protest, Charles Sumner, Salmon P. Chase and others - who would soon join the Republican Party - issued an Appeal of the Independent Democrats in Congress to the People of the United States:

"We arraign [the Kansas-Nebraska Act] as a gross violation of a sacred pledge; as a criminal betrayal of precious rights; as part and parcel of an atrocious plot to exclude from a vast unoccupied region immigrants from the Old World and free laborers from our own States, and convert it into a dreary region of despotism, inhabited by masters and slaves.

We appeal to the people. We warn you that the dearest interests of freedom and the Union are in imminent peril.

For ourselves, we shall resist it by speech and vote, and with all the abilities which God has given us. Even if overcome in the impending struggle, we shall not submit. We shall go home to our constituents, erect anew the standard of freedom, and call on the people to come to the rescue of the country from the domination of slavery. We will not despair; for the cause of human freedom is the cause of God."

Hey, America! They're talking to you.

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This newsletter was sent by e-mail to subscribers by Benton County Republicans, P.O. Box 808, Corvallis OR 97339. Our office is located in the Millrace Center at 1760 S.W. Third Street, Corvallis. Our telephone number is 754 9155. Please visit our website at http://bentongop.blogspot.com.

If you would like to subscribe to our e-mails, please make your subscription request HERE. Thank you. --J. Nelson Read More......

Big Media Ignores ACORN Scandal

BIG HOLLYWOOD, 9/12/2009 by Plubius - (American Spectator) Here’s the Saturday morning round-up on the Census Bureau story for the formerly mainstream media, checking out their home Web pages. Read more at Big Hollywood,com... Read More......

Glenn Beck: The Letter

GLENN BECK: 'THE LETTER', June 17, 2009 by Janet Contreras - GLENN: I got a letter from a woman in Arizona. She writes an open letter to our nation's leadership: I'm a home grown American citizen, 53, registered Democrat all my life. Before the last presidential election I registered as a Republican because I no longer felt the Democratic Party represents my views or works to pursue issues important to me. Now I no longer feel the Republican Party represents my views or works to pursue issues important to me. The fact is I no longer feel any political party or representative in Washington represents my views or works to pursue the issues important to me. There must be someone. Please tell me who you are. Please stand up and tell me that you are there and that you're willing to fight for our Constitution as it was written. Please stand up now. You might ask yourself what my views and issues are that I would horribly feel so disenfranchised by both major political parties. What kind of nut job am I? Will you please tell me?

Well, these are briefly my views and issues for which I seek representation: Read the 12 points of this letter at Glenn Beck's...

This article was referred by Linda Weimer, Corvallis Americans for Prosperity (AFP) Coordinator, who is organizing the second Corvallis TEA Party to be held on July 4, 2009 from 4-6pm in front of the Benton County Courthouse, 120 NW 4th Street.

This letter has gone viral!
Sign the petition: An open letter to our nation's leadership The petition site has experienced difficulties with the large amounts of traffic this issue has generated. Keep trying. Read More......

ACORN, Voter Fraud and Obama's Campaign

The Complete Guide to Voter Fraud by Jim Hoft, October 14 - And you thought 2000 was bad.

This year’s election is shaping up to be one of the most controversial in history. Just this week, a federal judge ordered Ohio’s top elections official to verify the identity of newly registered voters by matching them with other government documents. The very next day a 6th U.S. Circuit Court of Appeals set aside the federal judge’s order on verifying registrations.

Further igniting the voter fraud/voter registration debate was the news that a national community organizing group is being investigated in at least 14 states and several swing states for massive irregularities. This news would make headlines anyway, but what made it worse was that Barack Obama was a key player in this organization, the Association of Community Organizations for Reform Now, in the past. Obama trained its local leaders, represented the organization in court, and worked to funnel funds to the organization. The Obama campaign also donated $800,000 this year to an ACORN affiliate.

What is ACORN? Read more HERE

Also recommended: Obama's ACORN Tree from GOP.com. Read More......

Associations and Influences

Obama, Voter Fraud & Mortgage Meltdown
Newsmax, September 22, 2008 by James H. Walsh (HT: CN)
I’ve been fighting alongside ACORN on issues you care about my entire career. Even before I was an elected official, when I ran Project Vote voter registration drive in Illinois, ACORN was smack dab in the middle of it, and we appreciate your work. — Barack Obama, Speech to ACORN, November 2007 Read More......

Bank bust - Who's to blame?

Last Monday, Jean Nelson spoke at the Benton County Republican Women’s meeting about the banking crisis and how it came about. Her talk was like deja vous. Just days before, Glenn Beck had described how the debacle began. This is important information to remember when you hear Congress, the President, Bill O'Reilly, and others refer to Wall Street greed as the cause of our collapsing financial institutions. Here is the transcript of that radio broadcast [may be a little over the top in spots] plus additional links to pertinent articles from the 1990's.

Glenn Beck, September 18, 2008
GLENN: Today I want to lay the case out to you, because we have to know what happened to the economy. You have to know that they are printing money as we speak at the Treasury. You have to know what you know and know who caused it, how did it start, and you've got to bring yourself up to speed rapidly to be able to share with your friends the truth so they know how to make a decision on which one of these candidates, if either of them, was responsible. Which one of these candidates can help us get out of the mess.

Yesterday Barack Obama said, and I quote: Senator McCain bragged about how as chairman of the commerce committee in the Senate he had oversight of every part of the economy. Well, I can say to Senator McCain, nice job, nice job. He was in Vegas and he said, quote: I will crack down on predatory lenders, the all too often target the African American community, the one that targets the Hispanic community with tough new penalties that treat mortgage fraud like the crime that it is. And the crowd went wild.

It is important that you hear, "I will crack down on predatory lenders." Have you heard that before? The people that often target the African American community, target the Hispanic community with tough new penalties. Got it? Okay.

Today I'm going to lay out the case for you in the next 10 minutes and I think you're going to understand who is responsible for this credit crunch and this credit crisis, and you ain't gonna like the answer, but this I believe is a big part of the answer. The Community Reinvestment Act. It was started, it was a "Feel good" measure back in the 1970s and Jimmy Carter started it, "We've got to invest in our communities again." Well, in 1992 Boston's Federal Reserve did a study. They funded this study and in this study they found subtle racism in the banking system, discrimination in lending. This is again from the Boston race study, discrimination in lending. There were a couple of things in there that were stark. For instance, they showed a white guy and a black guy. Both went in to buy a house for $60,000. The black man didn't get the loan even though his assets, his net worth was stated as $10 million. The bank didn't give a $60,000 loan to a guy who had $10 million in assets. How did that happen other than you didn't want to lend to a black man. Well, the Fed used this study and they brought it to congress and congress just latched onto this thing. Unfortunately within just a couple of months, another group, another university came in and looked at this study and said, wait, wait, wait, wait, wait, we've looked at the raw data; these are mistakes in here. First of all, the analysis is wrong, but the facts are wrong. In the one that everybody was using, the black guy with the $10 million in assets that didn't get a loan, it wasn't $10 million. When you looked at the raw data, it was $1,000. He had $1,000 in assets. So the subtle proof that was left to stand, because nobody went back and revised it. Nobody went back and said, oh, well, okay, we have to throw this study out because it is so wrong. They just let the subtle proof, and here was the subtle proof.

The discrimination in lending, see if any of these sound familiar in 1992. Discrimination in lending was that banks wouldn't make loans in low income areas. So if you were in Detroit and you had a house that was selling for $100,000 last year and is now worth $10,000, the banks were like, no, we're not going to loan anybody any money; it's a bad section of town. The other subtle proof, banks had minimum lending requirements. So in other words, they could say we only lend $10,000 because there's no money in it for us at $2,000. We only lend 20 because there's no money in $10,000. That was racism. The application fee was racist. The fact that you had to actually say "Could you verify your income" was racist. That was 1992.

In 1992 again they wanted to revise the Community Reinvestment Act and they wanted to put in all of these penalties if you were being racist. Now, under the CRA, the banks had to convince a set of bureaucracies that they weren't engaging in discrimination, and the discrimination could be called by anybody. You could just raise your hand and say they're discriminating. ACORN was a big one that said discrimination. But again what counted as discrimination after 1992, arbitrary or outdated criteria. That outdated or arbitrary criteria income level, income verification, credit history and savings history. Do any of those things sound familiar? So to satisfy the demands of what now had been passed into law, lenders developed a sub prime mortgage. Didn't have sub prime before. That way potential borrowers who couldn't qualify for the 30 year traditional fixed mortgage had a way, so the bank wasn't being racist. In 1994 less than 5% of mortgage were sub prime. By 2006 20% of new mortgages were sub prime. Politicians and the Fed, they were excited about this, this is fantastic. It's a new mortgage that puts families in homes, gives them a piece of the American dream. How many times did you hear people say that? In 1994 Janet Reno said the Justice Department was going to go after banks that were racists. They said today's actions demonstrate we will attack lending discrimination wherever it is and whatever form it appears. No loan is exempt. No bank is immune. For those who thumb their nose at us, I promise vigorous enforcement [Emphasis added]. Sounds a little like Barack Obama today. Just so you know, there were no fines. You didn't even have to report this information to the government, but here's what happened. If you didn't, you were called racist. That's your fine. You were called a racist bank. If you wanted to open a branch, if ACORN decided to come against you, they would protest your opening up of a branch in that area and they would say you were a racist lender. If you wanted to do a merger, you couldn't do a merger because you hadn't played ball. You hadn't done the low interest rate, the mortgage with no income verification. Those in Washington stood in your way on any business you wanted to do.

Why do you think when J.P. Morgan and Chase teamed up, when they merged together, why do you think the first thing they did when they announced that merger was to make a gigantic donation to ACORN? It was extortion. Everybody was excited about this. Alan Greenspan came out in support of the mortgage options. He said Americans, consumers I'm quoting might benefit if lenders provided greater mortgage product alternatives to the traditional fixed rate mortgages. The chairman and CEO of Freddie Mac made affordable housing a priority and created new mortgage products that allowed for lower down payments. This was in 2004. Ten years, ten years after they enacted all of these laws to make sure that nobody was being discriminatory.

President Bush in 2004 launched his down payment initiative which provided assistance to low income families to help them with their initial down payment, which was quickly followed by his zero down payment initiative which eliminated the requirement of a minimum 3% down payment for FHA insured single family mortgages. If you were a first time buyer, zero down. In 2005 Barack Obama said it's not good enough that the real estate market is prospering for some. Everyone has to be able to get affordable housing.

Barney Frank said no one wants to be called out for racism by opposing any of these requirements. In 2007 Barney Frank went on to say the data showing serious housing discrimination in the granting of mortgages in Boston is very troubling. The serious housing discrimination in Boston is troubling and must be addressed. Same year, Senator Chris Dodd proudly took credit for helping pass a revised Community Reinvestment Act with the help of Reverend Jesse Jackson. Earlier this year Senator John McCain responded to a question by Larry Kudlow. He said, "Absolutely there were people that predicted that the Community Reinvestment Act might lead to reckless and unsound lending practices just short of a fill in the amount of I don't like to use the word quota, but certain percentages of a home of the bank's lending practices, it has to be reexamined. It has to be judged by its effect. We need to find out how this particular system affected the overall insolvency of the subprime lending issue and I think I'm not saying it needs to be repealed but it certainly needs to be examined and what its effects have been and we'll be able to figure that out. Really. As Nancy Pelosi says, along with Harry Reid, that we need to create yet another government agency to handle these situations. That we need another federal agency now to help bail out the people that got these loans because there wasn't any oversight. I contend it was the politicians that pushed people into this situation. It was the politicians that made this possible, and it was not just the Democrats. It was the Republicans as well.

Additional Articles:
National Review, Nov 21, 1994 by Ed Rubenstein - Banking on Racism
New York Times, May 10, 1996 by by Peter Passell - Race, Mortgages and Statistics; The Unending Debate Over a Study of Lending Bias
The Editorial Times, CA, September 24, 2008 - Flashback 1993: Assault on the mortgage lenders: in the name of racial justice... [from National Review - Article, December 27, 1993]

Assault on the mortgage lenders: in the name of racial justice, the Clintonites want the power to decide who gets a home of his own - efforts to impose regulations on banks to make loans even if applicants are not creditworthy.

Read More......