Tarp schmarp. Acorn is Obama's puppy. That's what we're talking about here. A rose by any other name ( i.e. NYCC) is still a rose....
LOL! Don't you remember,
ACORN is what makes America special ...
~ Republican John McCain
Tarp schmarp. Acorn is Obama's puppy. That's what we're talking about here. A rose by any other name ( i.e. NYCC) is still a rose....
LOL! Don't you remember,
ACORN is what makes America special ...
~ Republican John McCain
But remember that TARP was mostly repaid:
With Fifth Third Out, Banks Have Repaid 99% of TARP - WSJ.com
According to WSJ (hardly a "liberal" site) the program was a success. Perhaps this is why the monies in this instance were extended to the beneficiary. All of the right wingers above are crying doom and gloom but the government's experience with that program actually worked - of course, the repayment was in large part under Obama but I better not say that too loud or those right wingers will start crying about something.
Edit: And none of that money will trickle into the Obama campaign, and it has nothing to do with being one of the reasons Obama was so adamant about raising the debt ceiling!
Don't say "ACORN" with a sneer. The "scandal" involving them was extremely trumped up. In reality, they were a community organization that focused on poor people and little more than that.
Under no circumstances should you guys be criticizing Obama or putting him on defensive about this at all. The federal government is providing funds to help struggling homeowners in Illinois, and the state organization that runs the fund employs a guy who used to work for community organizing group ACORN (how horrible).
This is quite the opposite of negative. It's something Obama should be congratulated over. I personally like the idea of helping homeowners during the housing slump.
Finally, really? You're actually using the debt ceiling as validation for your criticism? The issue of raising the debt ceiling couldn't be a whole other issue, with its own merits and everything? They're has to be some way ACORN is relevant to the debt ceiling?
It's not as serious a problem as they're making it out to be. The worst consequence would be the U.S. being downgraded by the credit bureaus, which some say will happen regardless of the debt ceiling nonsense. That will lead to higher interest rates.
Other than that, we all know governments have a lot of areas where they could cut spending without cutting essentials, if they wanted to. Could start with those 3 hundred dollar screw drivers, and million dollar trips to europe for the 1st lady.
Obama's just insisting he get a blank cheque through the election. Lots of payouts to make, dontcha know. Gotta keep those acorn people happy.
I think you're going to find many people support the idea of the federal government helping struggling homeowners. You're probably in the minority if your idea is to just say "tough luck".
And yeah, it's completely absurd to say the debt ceiling issue has anything to do with ACORN. It's pretty obvious the debt ceiling is an issue in itself. Whatever "facts" you collect to come up with this conspiracy I would rather avoid.
Finally, if even what you say is true about ACORN and Occupy, who cares? A community organization supporting a protest movement. That's not even scandalous, and the word "scandal" is pretty subjective.
Imagine, just like the Fannie Mae and Freddy Mac failures the Director still get a multimillion dollar bonus for failure. There us something wrong with the US governments standard for excellence requirements.