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Editorial: Soros Poised for Payback on His Political Investment
DC Examiner ^ | Aug. 28, '08 | staff

Posted on 08/31/2008 10:21:52 AM PDT by T.L.Sink

It's bad enough that American taxpayers have to bail out the privately owned, tax-exempt Freddie Mae and Freddie Mac. But it's truly outrageous that tax dollars will also go to groups involved in voter fraud and illegal immigration. The small print in the $42 billion bailout passed by Congress and signed by Bush requires those two government-sponsored mortgage giants to deposit 4.2 percent of all new mortgages they underwrite into the National Affordable Housing Trust Fund. Here's the catch. The Trust Fund - the largest expansion of federal housing assistance since LBJ's Great Society - is required to make grants to organizations that have "demonstrated the experience and capacity to carry out the proposed Trust Fund activity." Which means that money can easily be siphoned off to groups such as La Raza and the Association of Community Organizations for Reform Now (ACORN). ACORN is heavily funded by George Soros. La Raza, which opposes all efforts to stop illegal immigration, and ACORN, members of which have been convicted of voter registration fraud in several states, are each eligible for $234 million under Section 134: Grants for Housing Counseling Assistance. These morsels are just a taste of what's to come if Obama wins and Democrats gain veto-proof majorities in Congress. Obama will give billions more tax dollars to radical non-profits like Soros' ACORN and La Raza. Soros - a long-time Obama donor - will expect a return on his investment.

(Excerpt) Read more at dcexaminer.com ...


TOPICS:
KEYWORDS: 2008; acorn; aliens; congress; georgesoros; govwatch; housingbubble; immigrantlist; manufacturedcrisis; marketmanipulation; obama; rmsp; soros
Let's not forget that when Obama was a "community organizer" in Chicago, among his nefarious associates and dubious organizations, ACORN was prominant.
1 posted on 08/31/2008 10:21:52 AM PDT by T.L.Sink
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To: T.L.Sink

Incredible that people want more Government, of course when you dont have to contribute to society only collect from these programs the game is well understood.


2 posted on 08/31/2008 10:28:43 AM PDT by Archon of the East (Universal Executive Power of the Law of Nature)
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To: T.L.Sink
ACORN is the most corrupt "community organization" in the history of the United States. In terms of charges and convictions, ACORN is worse than the legendary Tammany Hall in NY City, and Tammany is older than the United States itself.

ACORN has to be hung around Obama's neck like a rotting albatross. IMHO.

Congressman Billybob

Tenth in the ten-part series, "The Owner's Manual (Part 10) -- The Remaining Amendments"

Latest article, "In Praise of Sweetness"

3 posted on 08/31/2008 10:29:09 AM PDT by Congressman Billybob (www.theacru.org)
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To: T.L.Sink

Yeah, and he has all that “experience”


4 posted on 08/31/2008 10:31:47 AM PDT by TribalPrincess2U
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To: T.L.Sink

That is just insane. There must be a reason.
With federal funding I assume they’re open to audits and a lot more oversight, maybe?


5 posted on 08/31/2008 10:40:32 AM PDT by astyanax (If you need to wear a mask when speaking your mind, it is probably best you remain silent...)
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To: Congressman Billybob

Thanks for those two good references. Given his short time in public life and his long list of close radical, even neo-Marxist associates and corrupt organizations it amazes me that could even be elected to a local board of education let alone oresident!


6 posted on 08/31/2008 10:44:06 AM PDT by T.L.Sink
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To: TribalPrincess2U

I have to laugh when I hear Obama fans resort to saying he has “judgment” when they’re pinned down on his inexperience. As though good judgment is not learned and acquired from life experience!


7 posted on 08/31/2008 10:49:14 AM PDT by T.L.Sink
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To: astyanax

Personally, I think Big Government and its out-of-control enormous federal bureaucracies are almost unfathomable at this point. It would take an army of lawyers and CPA’s just to probe and examine a tiny aspect of just one of these programs. It’s almost like a Kafka novel and it’s getting worse every day!


8 posted on 08/31/2008 11:00:44 AM PDT by T.L.Sink
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To: T.L.Sink
It's bad enough that American taxpayers have to bail out the privately owned, tax-exempt Freddie Mae and Freddie Mac.

Do they not believe in proof-reading or something?

9 posted on 08/31/2008 11:03:01 AM PDT by eclecticEel (men who believe deeply in something, even wrong, usually triumph over men who believe in nothing)
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To: T.L.Sink
Furthermore, measuring one's "judgment" requires a record of decisions to evaluate. Obama has none.
10 posted on 08/31/2008 11:05:36 AM PDT by been_lurking
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To: Archon of the East

How true. The idea of an “ownership society” isn’t just a political slogan. A capitalistic, free-market economy requires that most people have a personal “stake” in that economy - via stocks, private property, freedom to invest and be entreprenureal without over-regulation and punitive taxation. When the “takers” begin to outnumber the productive elements in any society it’s a sign of serious trouble.


11 posted on 08/31/2008 11:16:15 AM PDT by T.L.Sink
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To: eclecticEel

Good question. I think when we’re dealing with them we enter an Orwellian world of double-speak where up is down, black is white, etc. I forget the author’s name but several years ago he wrote a book called “Doublespeak.” It was sort of a parody on how language as used in politics has become almost meaningless. I remember he cited Alan Greenspan as an example. In one example, Greenspan appeared before Congress and spoke at great length. All who heard him were utterly confused - not because of any technical economic jargon - but because Greenspan literally “invented” an unintelligible way of communicating.


12 posted on 08/31/2008 11:49:08 AM PDT by T.L.Sink
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To: All

Funny no one mentions George Soros-funding of John McCain’s Reform Institute...

Of course, Soros likes McCain for his anti-American/pro-illegal alien position

No matter which of the DNC or RNC candidate you vote for...they take Soros money.


13 posted on 08/31/2008 12:21:46 PM PDT by UCFRoadWarrior (It's still COMMUNIST China)
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To: T.L.Sink

You got T.L and we are nearly there. About 50% of the population has no Federal tax obligation. I know its not exactly the same thing but its close.


14 posted on 08/31/2008 3:33:37 PM PDT by Archon of the East (Universal Executive Power of the Law of Nature)
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To: Archon of the East

I’ve heard Rush and many economists say the the top ten percent of wage earners pay more than 60 percent of all federal income taxes. This doesn’t include payroll taxes but Obama promises to correct that - by eliminating the income cut-off on them. In other words, by RAISING them for everybody! What else can you expect from someone the National Journal rated the most liberal member of the Senate and who is even to the left of the socialist Bernie Sanders of Vermont!!?


15 posted on 08/31/2008 4:38:33 PM PDT by T.L.Sink
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To: T.L.Sink
On a local radio morning financial show they reported that something to the effect that the top 1% pays about 40% the top 10% pays about 70% in 2006. So much for not having a “progressive” system.
16 posted on 08/31/2008 5:07:29 PM PDT by Archon of the East (Universal Executive Power of the Law of Nature)
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To: Archon of the East

Right - political liberals like to play the demagogic game of “tax the rich” as part of their class warfare strategy. They ignore the fact that lower taxation brings in MORE federal revenue overall because people invest and spend more, businesses make more venture capital investmects, and the level of employment increases as the economy grows. This was proved during the Reagan years after four years of Carter “stagflation” when the prime rate his 21%.


17 posted on 09/01/2008 9:50:01 AM PDT by T.L.Sink
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To: T.L.Sink

I’m curious to know whether Soros will have his fingers in these proposed no loss “public-private investment partnerships” Geitner announced recently. Seems right up Soros’ alley, although I’m sure he would find a way to launder the money for PR purposes.


18 posted on 03/25/2009 3:05:17 PM PDT by caseinpoint (Don't get thickly involved in thin things)
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To: T.L.Sink

Two hits on the enter bar create a paragraph.


19 posted on 03/25/2009 3:08:21 PM PDT by Syncro (Qui non intelligit, aut taceat, aut discat)
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To: Foxbatx

Ping


20 posted on 03/25/2009 3:12:20 PM PDT by Canedawg (Conservatism is the antidote to tyranny- M. Levin)
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To: Congressman Billybob

That’s really what ACORN is, isn’t it? A latter-day Tammany. The difference is, where Tammany was local and purely partisan, ACORN is nationwide and ideologically driven.

Also, instead of outright vote-buying, ACORN employs a more modern, more effective, and, frankly, more insidious practice; making voters dependent upon them for free services - financial in this case. Perhaps not coincidentally, this is the same method used by Hamas and Hezbollah to garner support.


21 posted on 03/25/2009 3:26:40 PM PDT by The Pack Knight (Duty, Honor, Country)
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To: caseinpoint

what is this doing as breaking news today?


22 posted on 03/25/2009 3:36:13 PM PDT by dep (how about next time we don't nominate someone who apologizes for being there)
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To: dep

Beats me. I didn’t post it and I just now noticed the old date. But then, people like Soros are always poised for payback for anything they do. He has more chits to call in than probably anyone in the world.


23 posted on 03/25/2009 3:40:46 PM PDT by caseinpoint (Don't get thickly involved in thin things)
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