September 30, 2008

Obama - ACORN Root Causes of Mortgage Crisis?

ARRA News Service - by Alan Gottlieb, AmeriPac: FBI Investigates U.S. Financial Crisis - Where Did $1 Trillion Go? - The high-risk subprime mortgage social engineering community service experiment by left-wing ACORN and Obama has created the largest financial crisis since The Great Depression. The full reach of the corruption and scandal may never be known but those who created it must not be rewarded. The architects, primarily left-wing Democrats, created laws, took donations, looked the other way and instead were too busy overse eing donations to their own presidential campaigns and robbing main street blind. Now these same left-wing Democrats blame everyone else and get up on their high horses and say, “we are here to save you” from the crises they created. Yes, Mr. Obama knows a great deal about the mess. He is a central figure in the left-wing ACORN exploitation of financial institutions and pressuring them to make high risk loans. . . . [Full Article]

September 26, 2008

Major "Earmark" in Democrat Bailout Agreement

Update (9:58AM, Sept. 26th): While Sens. Harry Reid and Chris Dodd stand before the news this morning pontificating and mocking Republicans, especially Sen McCain, for the perceived delay in reaching agreement, they also continues to prevaricate. Sen. Reid and Speaker Pelosi initially asserted that they needed McCain to clinch a deal for Democrats and now they are like a pack rabid dogs blaming John McCain for the deal falling apart. In fact, the deal fell apart before McCain arrived.

A republican senate source has confirmed that the questioned provision reported in this post is being opposed by Senate Republicans which has upset Democrats. Republicans are not opposing the obvious issues identified by Reid. They are working to get rid of the questioned provision "if they can." Also, they have already gotten the Democrats to back down from providing "most" of the money ("future profits") to the groups mentioned in the article "to a much smaller percentage." Negotiations are likely to continue throughout the day. Obviously no one is happy - especially the majority of the American public.

Breaking News - Bill Smith, ARRA Editor. I received a copy of "Agreement in Principle" relative to the $700 billion "bailout" being proposed and supported by Senate Democrats. The one page agreement from the U.S. Senate Banking Committee details guidelines to be put in place relative to taxpayer protection, oversight and transparency, home ownership preservation and Funding Authority.

While on the surface the agreement looks generic and positive, However, the "devil is in the detail." There is one detail that Democrats are concerned that Republicans will not agree to in the bailout agreement. That is if the Republicans even see the item. It seems that this issue may be one reason that many Democrats have hounded Sen. John McCain and pushed for his speedy approval. Senate Majority Harry Reid (D-NV) has already identified that it is Sen. John McCain's approval, not Barack Obama approval, that is needed to secure the agreement of Senate Republicans. In fact, the questioned provision indirectly focus on some prior concern regarding Sen. Barack Obama involvement with various organizations. Maybe that is why Obama would prefer being at a debate in Mississippi than being in Washington D.C.

House Speaker Nancy Pelosi's (D-CA) cohorts are also hounding Sen. McCain to agree. They know that neither the House Republicans nor the House Blue Dog Democrats are going to sign on easily to an agreement extending $700 billion "bailout" if Sen. McCain disagrees. Pelosi does not have control of the fiscally conservative Blue Dogs who are not happy with committing $700 billion to the "bailout" effort.

In the "agreement in principle," there is the effect of a major "earmark" which commits money from future "profits" to be given to nonprofits organizations like ACORN, National Council of La Raza and potentially the National Urban League. This agreement clearly evidences that the Government expects to benefit in the future from the bailout when the values of property rises and mortgages or properties are then sold by the Federal government. The agreement --
"Directs a certain percentage of future profits to the Affordable Housing Fund and the Capital Magnet Fund to meet America's housing needs."
In the proposed bailout agreement, Sen. Christopher Dodd, the Senate Banking Committee and other Democrats desire to pre-direct that future funds (profits) not be returned to the taxpayers via the treasury but that they be used to underwrite potential questionable (maybe even illegal activities) of certain nonprofits which have had a hand in promoting and expanding access to "no money down" loans for minorities, illegal voter registrations and extensive lobbying activities.

Let’s examine the connection of the Affordable Housing Fund and the Capital Magnet Fund with the various nonprofit groups mentioned above. In July, 2008, a Wall Street Journal article addressed the previous housing bill signed into law:

Provide[d] a stream of billions of dollars for distressed homeowners and communities and the nonprofit groups that serve them. One of the biggest likely beneficiaries, despite Republican objections is Acorn, a housing advocacy group that also helps lead ambitious voter-registration efforts benefiting Democrats. Acorn -- made up of several legally distinct groups under that name -- has become an important player in the Democrats' effort to win the White House. Its voter mobilization arm is co-managing a $15.9 million campaign with the group Project Vote to register 1.2 million low-income Hispanics and African-Americans, who are among those most likely to vote Democratic. Technically nonpartisan, the effort is one of the largest such voter-registration drives on record.

The organization's main advocacy group lobbied hard for passage of the housing bill, which provides nearly $5 billion for affordable housing, financial counseling and mortgage restructuring for people and neighborhoods affected by the housing meltdown. A third Acorn arm, its housing corporation, does a large share of that work on the ground. Acorn's multiple roles show how two fronts of activism -- housing for the poor and voter mobilization -- have converged closely in this election year. The fortunes of both parties will hinge in part on their plans for addressing the fall of the nation's housing market and the painful economic slowdown. . . .

Partly because of the role of Acorn and other housing advocacy groups, the White House and its allies in Congress resisted Democrats' plans to include money for a new affordable-housing trust fund and $4 billion in grants to restore housing in devastated neighborhoods. In the end, the money stayed in the bill; the White House saw little choice. What most riles Republicans about the bill is the symbiotic relationship between the Democratic Party and the housing advocacy groups, of which Acorn is among the biggest. Groups such as the National Council of La Raza and the National Urban League also lobby to secure government-funded services for their members and seek to move them to the voting booth. Acorn has been singled out for criticism because of its reach, its endorsements of Democrats, and past flaws in its bookkeeping and voter-registration efforts that its detractors in Congress have seized upon. . . .

Sen. Obama is especially reliant on registration drives, such as Acorn's with Project Vote, to help him win the White House. The Illinois Democrat draws his strongest support from blacks, Hispanics and young people, groups that are among the least likely to be registered. After law school, Sen. Obama was the director of Project Vote in Chicago. . . .

Democrats on Capitol Hill have helped to steer millions of dollars in housing and other grants from the federal government toward Acorn and groups like it. The groups must qualify and compete for the money, which is typically doled out from the federal government to states and municipalities. The housing package includes a new, permanent source of affordable-housing money that congressional Democrats and grassroots groups have sought for years. The Affordable Housing Trust Fund and the Capital Magnet Fund will be funded by a tax on mortgages backed by Fannie Mae and Freddie Mac, the government-sponsored mortgage titans.

That tax eventually will channel upwards of $600 million annually in grants for developing and restoring housing, mostly as low-income rentals, available to Acorn and other groups. Democrats on Capitol Hill and housing groups say the housing-assistance money is vital to helping Americans hit hardest by what some call the largest drop in home values since the Great Depression. But they acknowledge the perception of political conflict in giving federal funds to an organization that does political work. "We are guarding against it," said Massachusetts Rep. Barney Frank in an interview. He secured the Affordable Housing Trust from his seat as chairman of the House Financial Services Committee. . . .

Acorn describes itself as the nation's largest grassroots community organization, with more than 400,000 families organized into 1,200 neighborhood chapters in 110 cities. Over four decades, Acorn has turned its broad membership into a powerful lobbying tool. Its representatives are well-known in the marble halls of the Capitol, and press local, state and federal governments . . .

ACORN is the agency where Sen. Barack Obama worked as a trainer for the Association of Community Organizations for Reform (ACORN), whose affiliate, Project Vote, is known for voter fraud. It is this same organization from which a large part of the mortgage mess has grown. After Harvard Law School, Obama provided legal representation for ACORN. Obama sat on the boards of the philanthropic Woods Foundation and the Joyce Foundation which both funneled millions of dollars to ACORN.

In 2006, the Wall Street Journal addressed Acorn Indictments. In a recent article, additional complaints, indictments and arrests and conviction of ACORN members for voter fraud have been detailed for Colorado, Florida, Missouri, Ohio, Pennsylvania, Washington State, and Wisconsin. Democrats on Capitol Hill have steered billions of the taxpayer monies to risky ventures and to nonprofits organizations like ACORN, National Council of La Raza through the government’s Affordable Housing Fund and the Capital Magnet Fund. As a result groups like ACORN have developed powerful lobby groups to secure tax money for their organizations. Now the proposed "agreement in principle" for the $700 Billion "bailout" seeks to continue the protection of this process. In another article by James H. Walsh, a former federal prosecutor, it was noted that:
ACORN Housing Corporation (AHC) was instrumental in its passage of the Community Reinvestment Act (CRA) which has plagued the mortgage markets since 1977. The U.S. Congress through the CRA compelled banks and lending institutions to make loans to “communities of color” disregarding sound economic and risk guidelines. CRA encouraged the relaxing of “outdated” risk-management protocols and underwriting obligations by lending institutions. In the name of ending discrimination, no longer were “communities of color” required to provide verification of income, employment, credit history, ability to pay homeowner bills, or down payment. In response, many banks and mortgage groups bundled trillions of dollars of “subprime” loans and sold them to investors here and abroad. It is these bundled Community Reinvestment Act mortgages, doomed to fail, that are today causing financial strain in U.S. and global financial markets.

In short, a Democrat Congress and President demanded that banks change the rules of good banking and open the Pandora’s Box of mortgage defaults and foreclosures now coming to a head. This home-parity concept of the radical left was mobilized by ACORN resulting in a purchase of a property without any credit, income, employment, and a zero down payment.

In 2003, Fannie Mae home-parity funding in Chicago reached $600 billion. When Franklin Raines, former chair and CEO of Fannie Mae, stepped down in 2004 but managed to take with him a multimillion-dollar parachute and a monthly pension of $114, 393 for life, and should he die, for his wife’s lifetime. Until recently, Raines was an advisor to Obama.
Open Secrets reveals the investment made by Fannie Mae and Freddie Mac in Democrats and details the Top 25 Democrat Recipients of Fannie Mae and Freddie Mac contributions in 1989-2008. The top three in order were Senators Christopher Dodd, John Kerry and Barack Obama.

When government tries to fix social issues through the use of the taxpayers’ money, there are consequences. Now the American taxpayers are being called upon again to underwrite the problems exacerbated by the prior actions of former and the current Congress and past administrations. It is hoped that Senators and Representatives will avoid this massive "earmark." All "future profits" from the resolution and disposition of the alleged current bad mortgages ("bad paper"), should accrue to the American taxpayers as a whole and be returned to the Treasury. Any determination as to the use of "future profits" should be determined by those elected and representing the people at that future point in time. No agreements should include an obligation on the potential "future profits." No agreements should support questionable programs that support organizations that contributed to the failures of mortgages or to the bad lending practices promoted by prior Congresses and administrations.

September 22, 2008

Florida Media Caught Fabricating White Racists?

by Barbara Sowell, Digital Journal: A quote attributed to Sandra Cichon, a private citizen, is spreading across the internet as a living example of White Racism. Did a reporter put words in this woman’s mouth? An article in the St. Petersberg Times, quotes Cichon as having said, “I can't imagine having a black president . . .”

In a phone interview Saturday, Sandra Cichon of Spring Hill, Florida denied that she ever spoke with any pollster or reporter concerning Obama or about anything regarding race. Cichon was taken by surprise when phoned by this reporter, and she was not aware that she had been quoted in any newspaper.

The September 15, 2008 article Black ‘issue’ hangs over presidential polls by Adam Smith of the St. Petersburg Times Political states:
A pollster calling Sandra Cichon, a 60-year-old Democrat from Spring Hill, would hear her identify herself as an undecided voter. But is she really?

"I can't imagine having a black president, and I think he's inexperienced," she told a reporter recently, eventually acknowledging she was leaning unenthusiastically toward McCain. "I don't think we (Democrats) have a chance to be in the White House with Obama."

Many analysts wonder how many voters answering polls hide their racial biases or mislead survey-takers about their real preferences.
The article fails to name the pollster who claimed to have called Cichon. When asked during my phone interview, Cichon denied speaking to any pollster on the phone. Cichon explained that the only time she spoke with a reporter was in August when she went to vote in the county commission races. She said that he (the reporter) seemed nice and she gave him a catalogue for gift baskets . . . Read More of news making up quotes by Sandra Cichon

Tags: ABC News, bias, elections, fraud, Media, racist To share or post to your site, click on "Post Link". Please mention / link to America's Best Choice. Thanks!

September 21, 2008

Sarah Palin Brings Out 60,000 at Florida Rally

ARRA News Service: Sarah Palin, Republican Vice Presidential candidate, spoke to a record rally at The Villages, Lady of the Lakes near Ocala, Florida. CNN reports that "on the same day Barack Obama drew over 20,000 voters to an outdoor rally in North Carolina, Palin attracted tens of thousands of her own sun-baked supporters. . . . Mike Tucker, the fire chief of The Villages who was made available to the press by the McCain campaign, 60,000 people crammed into the streets to see Palin speak." Eric Dondero reported that Palin Beats Biden 60 to 2: "The visit drew a few contrasts between Palin and Obama running mate Joe Biden ... Biden's largest crowd during a visit earlier this month was about 2,000."

Tags: ABC News, ARRA News Service, Florida, Ocala, Politics, Rally, Republicans, Sarah Palin To share or post to your site, click on "Post Link". Please mention / link to America's Best Choice. Thanks!

Cange, Change, Change

Those who want change in the dynamic of the United States will see their dreams come true if Barack Obama is elected president. He will change not only this country but the entire world.

His ambitious plans will transcend this country. Theose words "change, Change, Change" were uttered by Obama in Germany, during his trip this year; and again in a rally today he reaffirmed his intention.

Mark my words! Warning: the change being sought will not lead to the good for America. We saw this in Cuba and have seen it other places.

September 20, 2008

Hillary Clinton Democrat Fundraiser Endorses John McCain

ARRA News Service: Former Clinton supporter Lynn Forester de Rothschild explains her switch to McCain and why she calls Obama "elitist." Rothschild a D.N.C. Member and Hillary Clinton top fundraiser has endorsed and supports John McCain and Sarah Palin for President and Vice-President, and NOT Barack Obama, she speaks with CNN and Fox News Greta Van Susteren about John McCain and Sarah Palin being Mavericks and holds that Obama and the Democratic Party has gone too far to the left, she also spoke of the Dangers of a Barack Obama presidency with Nancy Pelosi as the Speaker of the house failing even now to do her job and the checks and balances in our Government.

CNN Reports:
Fox News Reports:

September 12, 2008

LGTR Boosts Slate of Candidates - Focuses on Florida

Let's Get This RightBoston, MA - The National Leadership Team of Let's Get This Right, a coalition of conservative political activists, announced today the endorsement of four additional candidates for US Congress. The candidates are Congressman Vern Buchanan, (FL-13th), Ed Lynch, (FL-19th), Lt. Col. Allen West, U.S. Army (Ret.), (FL-22nd) and Dr. Marion Thorpe, MD. (FL- 23rd.)

The announcement was made on a conference call to reporters and bloggers with Co- Executive Directors Sheridan B. Folger and M. Brad Marston, National Political Director Dr. Bill Smith and Florida Political Director, Yomin Postelnik. Let's Get This Right has previously endorsed Congressman Gus Bilirakis, (FL-9th) for re-election as well as thirteen other candidates for the US House and Senate.

In announcing the endorsement Dr. Smith stated that all four candidates are "strong fiscal conservatives who espouse smaller government and market based solutions to issues such as healthcare and job creation."According to Mr. Postelnik, the decision to support these candidates was due to their commitment to ethics and to the community at large. Congressman Buchanan has been a pillar of fiscal and moral responsibility and Candidates West, Thorpe and Lynch represent platforms of true reform and have made tremendous inroads into minority and disadvantaged communities.

Mr. Folger noted that all had "been targeted by the Democratic National Congressional Committee for defeat." The DNCC has committed to significant television ad buys in these districts. Their Democratic opponents have also received "significant amounts of P.A.C. money from groups outside of Florida. "Supporting congressional candidates in key battleground states is a major part of our overall strategy of running a unified campaign at the grassroots/netroots level" added Mr. Marston.
Press inquiries should be directed to Florida Political Director, Yomin Postelnik at 1-954-946-4442 or mediarelations@LetsGetThisRight.com . Let's Get This Right is a political networking organization dedicated to promoting the conservative principles of the Republican Party and candidates who support them. Let's Get This Right raises funds for candidates through www.Slatecard.com, a federally registered PAC.

September 4, 2008

John McCain Speaks to America

Bill Smith, ARRA Editor, Reporting at the RNC 2008: Tonight, John McCain accepted then nomination of the Republican Party the presidency of the United States. McCain reintroduced himself to his fellow Americans. Long known as the courageous POW who refused early release, a maverick in the Senate, and a devoted reformer, tonight Americans saw John McCain in yet another new light: as our nominee for president. He shared his story of courage, his plans to fix Washington, and his desire to strengthen our security. It is this record, this vision, this experience and ability that will compel millions of Americans to support John McCain and Sarah Palin this November. Tomorrow, John McCain and Sarah Palin will begin their journey together, meeting with voters and talking about their plans to make our nation more prosperous and more secure.


The Full Text of the Remarks by U.S. Senator John McCain: (Thursday, September 4, 2008 is available at the ARRA News Service - Click Now.

Sarah Palin - She Can Handle It!

Bill Smith, ARRA Editor: All the republicans at the Republican national Convention were ecstatic after Sarah Palin's speech. However, I wanted to get a feel for opinions of others. Kathy Morrison, an Independent from New Hampshire, agreed to answer my questions:
Q: Kathy, tell me a little about yourself.
A: I am a female, 32, single and live in New Hampshire. I am an Independent. I am employed as a techy and webmaster for a company.
Q: Kathy, you have press credentials, what brought you to this convention?
A: I have a brother who moved to the St. Paul area and I wanted to visit him, my sister-in-law and their children. I am also a blogger and applied for press credentials as an Independent. And the RNC granted them. So, I took vacation and paid my way here. I have meet bloggers of all types: republicans, libertarians, democrats, independents and some from other countries.
Q: Kathy, what was your general impression of tonight?
A: The test for Governor Palin was to see if she could perform on the big stage. Could she handle the pressure? Could she handle the criticism? Oh yeah! She can handle it. She just crushed her critics, and showed the media for what they are, glorified gossip hounds. While the media sulks, lets look at what was so amazing about this speech. She talked details, no sweeping generalities, but hard facts on current issues. She gave her background and explained how her experience as Governor and as mayor has prepared her for being VP. She addressed her family, and laid to rest the swirl of nasty remarks made over the weekend. She championed small town America, and echoed the theme of service and country. Finally, she destroyed the opposition. From nailing Harry Reed, to shooting down the Obama campaign's message of hope and change as an empty rhetoric that lacked action, to deflating the Obama campaign's attacks on her experience by flipping those remarks onto Obama himself. This speech had it all and Governor Palin knocked it out of the park.
Q: Kathy, being an independent, can you vote for the Republican ticket?
A: Sen. john McCain made several trips to New Hampshire during the primary and I attended many of his town hall meetings. I was impressed with what I heard. Tonight, after hearing Sarah Palin, I will be voting for the McCain - Palin ticket. In fact, I a guess I am now "in the tank" and will work for their election.

Sarah Palin - A Pit Bull with Lipstick

Check this out!