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HotAir: The Democratic ACORN bailout
House Republicans refused to support the Henry Paulson/Chris Dodd compromise bailout plan yesterday afternoon, even after the New York Times reported that Treasury Secretary Henry Paulson got down on one knee to beg Nancy Pelosi to compromise. One of the sticking points, as Senator Lindsey Graham explained later, wasnt a lack of begging but a poison pill that would push 20% of all profits from the bailout into the Housing Trust Fund a boondoggle that Democrats in Congress has used to fund political-action groups like ACORN and the National Council of La Raza:In the Roosevelt Room after the session, the Treasury secretary, Henry M. Paulson Jr., literally bent down on one knee as he pleaded with Nancy Pelosi, the House Speaker, not to blow it up by withdrawing her partys support for the package over what Ms. Pelosi derided as a Republican betrayal.Graham told Greta van Susteren that Democrats had their own priorities, and it wasnt bailing out the financial sector: And this deal thats on the table now is not a very good deal. Twenty percent of the money that should go to retire debt that will be created to solve this problem winds up in a housing organization called ACORN that is an absolute ill-run enterprise, and I cant believe we would take money away from debt retirement to put it in a housing program that doesnt work.Heres the relevant part of the Dodd proposal... Go to the link to read the rest. I'm losing patience with these people. Filed, reluctantly, under Home Front: Politix instead of Lurid Crime Tales. I think I've reached the point where I oppose any bailout that doesn't include a line item for a couple million dollars for ME to buy canned goods and ammunition with. Posted by: Abdominal Snowman 2008-09-26 |
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