Obama, ACORN and financial collapse

Barack Obama is ACORN and vice versa.

If we elect Obama, we will have financial crisis until the fascists take over.

Of course, Chicago Mayor Daley is pushing them and protecting them so they must be OK.

UPDATE: Here is more evidence (pdf file) that the underwriting corruption that began in the 1990s is the underlying cause of the financial meltdown. I see denials that the CRA and the forces of ACORN could have had that big an effect in the world economy. The answer is that the weakening of underwriting fed into a culture of debt manipulation already weakening the world economy for the past 50 years. We will be lucky to get out of this with the currency intact. The rise in gold price over the past three years was the warning that was ignored. Had McCain been elected in 2000 instead of Bush, we would have, hopefully, avoided some of the excesses of the Republican Congress the past few years as they lost their principles in an orgy of spending and influence peddling. One irony is that the man who replaced Mark Foley, poster boy for Republicans run amok, has his own sex scandal now.

Mark Twain had it about right. “There is no hereditary criminal class in the United States with the possible exception of Congress.”

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14 Responses to “Obama, ACORN and financial collapse”

  1. doombuggy says:

    The looting continues apace.

  2. Ted says:

    Rezko, Wright, Raines, Ayers … and now Acorn!!! This is over the top. Obama’s a fraud and should not be allowed anywhere near the White House.

  3. Dana says:

    O ye of little faith. The Dems have a plan….and *everyone* will be taken care of. Well except those of us playing by the rules and where self-reliance is our watch word,

    ” WASHINGTON (AP) – After consulting with Barack Obama, Democratic leaders are likely to call Congress back to work after the election in hopes of passing legislation that would include extended jobless benefits, money for food stamps and possibly a tax rebate, officials said Saturday.

    The bill’s total cost could reach $150 billion, these officials said.

    The officials stressed that no final decisions have been made. They spoke on condition of anonymity, saying they did not want to pre-empt a formal announcement. House Democrats have announced plans for an economic forum on Monday “to help Congress develop an economic recovery plan that focuses on creating jobs and strengthening our economy.”

  4. I still wonder if the polls are telling the whole story. Look for violence in the next several weeks if the Obama forces sense a shift.

  5. cassandra says:

    I’m raising the issue here, and getting called a racist for it. I don’t think it’ll make any difference in the election, now, but we need to be soooo vigilant in the next four years. It’ll be like the immigration bill battle, all the time.

  6. Eric Blair says:

    Cassandra, is a post missing? Who is calling you a racist? I have read your posts for quite a while now, and you are anything but.

  7. What’s interesting about this video is that it blames the Community Reinvestment Act for the sub-prime crisis, yet even Business Week (by no means a liberal magazine) acknowledges that the CRA is not to blame. The majority of sub-prime loans were made by institutions who are not even regulated by the CRA. And Robert Gordon, a senior fellow at the Center for American Progress, even said “It’s telling that, amid all the recent recriminations, even lenders have not fingered CRA. That’s because CRA didn’t bring about the reckless lending at the heart of the crisis.” http://straighttalkonmccain.blogspot.com/

  8. The Center for American Progress is a leftist group that supports Obama and will minimize the CRA effect. The fact that Fannie Mae changed the standards for a “conforming loan” affected the entire mortgage industry, whether or not they actually bought the loan. There were other abuses of common sense in creating all the derivatives that no one can now understand as they try to unwind them. The basis of all this was CRA and the Fannie-Freddie lapse of judgement.

  9. cassandra says:

    Eric, yes a certain regular accuses me of using “code words” and routinely brings up the race card and I challenged him to prove it so be backed off.

    I wish I knew what these code word are so I get the secret ring too.

  10. Cassandra, if the “regular” is over at the swamp, most of us will remain ignorant as we gave up on Bradley a couple of weeks ago.

    Harry Truman, in “Plain Speaking” told the story of a Roman Senator he used as a warning example. “His downfall began when he took his friends for granted and tried to bribe his enemies.” I have used that as a rule most of my professional life because, as a surgeon relying on referrals for work, it was tempting to try to add new sources rather than respecting those who already trusted me. Truman’s statement was in defense of his attendance at Boss Pendergast’s funeral. Pendergast had seen to his election to the Senate but had never asked him for favors.

  11. Brett says:

    It is telling that Obama began his political career in Chicago, one of the most politically corrupt cities in America which is still led by the Daly machine.

  12. cassandra says:

    No, it’s someone at my site. I have my own self-assigned minders there.

    McCain should heed Truman’s warning. Maybe he doesn’t have any more friends on his side.

  13. Eric Blair says:

    Cassandra, I really believe that the Left shows a great deal of projection. So your “minder” who thinks you are transmitting secret racist code…..well, you can guess the rest.

    How did you like the guy who replaced Mark Foley?

    http://latimesblogs.latimes.com/washington/2008/10/mahoney-foley.html

    Turns out he is a perv of sorts, too. Except rather than skeevy text messages, it is money to cover up the affair. Where is Rahm Emanuel on that subject?

    Well, things are different when you are going after a political opponent, I guess.

    http://www.realclearpolitics.com/articles/2006/12/rahm_emanuels_unholy_foley_fol.html

    D versus R, uber alles.

  14. Dana says:

    “Maybe he doesn’t have any more friends on his side.”

    Well that’s the problem, isn’t it? We don’t seem to know exactly what his side is and I suspect he doesn’t either. That’s what happens from trying to play both sides, you end up adrift. Hopefully he can get it together and really, get back on his side.