Jennifer Rubin reports today that During Obama’s tenure on the board of the charitable Chicago Woods Fund, he helped channel funds to the notorious socialist activist group, ACORN:
During Obama’s time on the Woods Funds ACORN received grants of $45, 000 (2000), $30, 000 (2001), $45, 000 (2001), $30, 000 (2002), and $40, 000 (2002) from the Woods Fund. (Obama in the early 1990’s helped train ACORN organizers and later served as counsel in 1995 for ACORN in a “motor voter” registration lawsuit.) And ACORN certainly appreciated whatever assistance Obama afforded the radical organization over the years.
Offers Eric at Classical Values:
No doubt Obama is very proud of his role as a “community activist” for ACORN.
If ACORN were merely another whiny left-wing group that never did anything, it might be something we could all laugh off as cute. But alas, ACORN is neither cute nor laughable; it is a very determined, very powerful outfit which believes in implementing socialism, and works hard to create the right conditions to make socialism inevitable, and ineradicable
Rubin offers even more irregularities Obama’s Woods activities where the organizations he channeled grants in turn donated to his senate and presidential campaigns. Naturally, as Senator Obama, he made sure these same organizaions received earmarks.
The pattern of funneling money to political allies and their allies is evident throughout Obama’s tenure at the Woods Fund. Tens and tens of thousands of dollars were granted to organizations including the Brighton Park Neighborhood Council, Business and Professional People for the Public Interest (BPPPI), the Center for Neighborhood Technology, Centers for New Horizons, the Chicago Jobs Council, the Chicago Education Fund, the Chicago Institute on Urban Poverty, the Chicago Urban League, The Gamaliel Foundation. Dozens of the board members and officials from these organizations in turn would donate money, in many instances up to the legal limit, for Obama’s Senate and Presidential races between 2004 and 2008.
For example the Woods Fund between 1999 and 2002 granted $60, 000 to BPPPI. Board member and executives donated at least $16, 950 to Obama’s political campaigns. The Woods Fund granted the Center of Neighborhood Technology $150, 000 between 1999 and 2002. Obama received over $24, 000 in campaign donations from its officials. And in turn Obama made sure to seek earmarks on their behalf once he reached the U.S. Senate.
Classical Values reminds of Sweetness and Light’s link to a February 2000 article in the NY Post by Economics Professor Stan Liebowitz about the link between ACORN and the mortgage crisis.
In the 1980s, groups such as the activists at ACORN began pushing charges of “redlining” – claims that banks discriminated against minorities in mortgage lending. In 1989, sympathetic members of Congress got the Home Mortgage Disclosure Act amended to force banks to collect racial data on mortgage applicants; this allowed various studies to be ginned up that seemed to validate the original accusation.
In fact, minority mortgage applications were rejected more frequently than other applications – but the overwhelming reason wasn’t racial discrimination, but simply that minorities tend to have weaker finances.
Professor Liebowitz offers more details in his article involving Countrywide Mortgage, which is now ‘hurtling toward bankruptcy” and its role in granting mortgages now in default on an amazing scale. The Obama campaign had to distance itself from its one-time VP vetter Jim Johnson whom received questionable loans from Countrywide. Intrestingly, the Obama campaign had been critcal of Hillary Clinton for its relationship with Countrywide. See Jim Geraghty’s 2008 post for more.
In Liebowitz’ February piece he noted how ACORN was touting CRA loans on its website:
Flexible lending programs expanded even though they had higher default rates than loans with traditional standards. On the Web, you can still find CRA loans available via ACORN with “100 percent financing . . . no credit scores . . . undocumented income . . . even if you don’t report it on your tax returns.” Credit counseling is required, of course.
Today on its website, ACORN has a Stop Forclosure link
Is this an attempt at a transfer of wealth as great as that of our dependence on foreign oil?
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This post was written by bobsikes on September 13, 2008