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Rahm Emanuel Was on Board of Freddie Mack
Rahm Emanuel ^ | 3/5/2003 | Rahm Emanuel

Posted on 11/05/2008 2:34:24 PM PST by dervish

Honorable Rahm Emanuel U.S. House of Representatives Committee on Financial Services Hearing on FY2004 HUD Budget March 5, 2003

I’d like to thank Chairman Oxley for holding this important hearing on the Fiscal Year 2004 HUD budget. I also appreciate that our distinguished guest, HUD Secretary Mel Martinez, has taken the time to share his views with us on this topic.

Before my election to Congress, I was fortunate to serve as Vice-Chairman of the Chicago Housing Authority and as a Freddie Mac Board member. In those capacities, I saw firsthand the teamwork between public and private entities that’s required to make affordable housing available to hardworking families. When a family is able to build equity in a home, they’ve taken the first step on the road to creating a solid financial foundation. My home city of Chicago has succeeded in developing affordable housing programs because of the commitment of the city government agencies, Mayor Daley's office, private sector entities like Fannie Mae and Freddie Mac, and many other state and local organizations. Programs like City Mortgage, New Homes for Chicago, HouseChicago and the Chicago Homeowners Assistance Program have been successful because of the commitment of public and private sector entities to community building. However, despite the successes we have had, much remains to be done, both in Chicago and around the country. That’s why I’m so disappointed in the Administration’s FY2004 budget proposal.

Although I disagree with many of Mr. Bush’s proposals, I’m hopeful that this hearing will be the start of a productive dialogue on affordable housing issues. We Democrats are ready to work with the Administration; but at the same time, we won’t stand idly by and allow President Bush to pull up the ladder of opportunity on our low-income families and their communities.

I’d now like to touch on a few specific concerns I have with the FY04 HUD budget:


TOPICS: Government; News/Current Events; US: Illinois
KEYWORDS: barackobama; bho2008; chicago; corruption; democrat; democrats; economy; emanuel; freddiemac; hud; obama; presidentelect; rahm; rahmemanuel
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The proposed HUD budget is inadequate, both in comparison to need and to historical standards. It makes deep cuts in public housing, block grants, and the Section 8 voucher program. The plan also completely abolishes important programs that have strong bipartisan support, such as the Hope VI program. It’s wrong to cut HUD funding for those who need our help the most, while at the same time cutting taxes for the wealthy. These cuts will negatively impact thousands of public housing authorities and literally millions of low-income families, seniors, and disabled individuals who rely on public housing for a roof over their heads. Additionally, Mr. Bush’s Section 8 block-grant proposal will move administration of the program away from the families being served, and will reduce the number of families that housing authorities are currently authorized to offer vouchers to. Moreover, the proposal removes local flexibility to create hardship exemptions--replacing it with an unworkable, system whereby families would apply directly to the HUD Secretary for an exemption. President Kennedy once said that to govern is to choose, and Mr. Bush has made his choices.

I am also dismayed to hear that HUD continues to fund public housing at only 70% of its operating expenses. I’ve spoken to the leaders of several public housing agencies regarding this matter, and they told me this action will result in layoffs, cuts in services, and delays in the preparation of rental units for re-lease. I commend my colleagues, Mr. Frank and Ms. Waters, for their recent request of Secretary Martinez to honor HUD’s commitment to raise the level of Operating Fund assistance for public housing authorities to at least 90%.

Perhaps the most egregious proposal in the HUD budget is the rent increase for our poorest families--public housing and Section 8 recipients. The Administration's proposal requires all public housing and Section 8 recipients to pay rent of at least $50 a month. This means that our most destitute families face rent increases of $600 or more per year. It’s unconscionable for the Administration to crack down on the very poorest people in the United States while at the same time proposing huge tax cuts for those who need them the least.

Finally, the proposed HUD rule on “faith-based” organizations raises many more questions than it answers. The proposal confers special rights on religious organizations; namely, the right to engage in various forms of federally-funded employment discrimination that other HUD grantees can’t do. The Administration has acknowledged that some forms of discrimination are allowed and implies that some other kinds would not be. Yet, they have refused to add explicit anti-discrimination clauses to the proposed rule. As a result, many of these issues will have to be litigated. In fact, the Justice Department is already on the case for the Administration, issuing interpretations stating that such discrimination is both permissible and constitutional. Aside from the issue of overt discrimination, the Administration hasn’t addressed other key questions arising under the proposal. As we all know, Mr. Bush’s budget proposals will stretch an under funded HUD even thinner. So how does the Administration propose to fund this new proposal? How will they monitor compliance? Won’t this program take resources away from the administration and oversight of other HUD programs? These are just a few of the issues that have not been addressed. Once again, I extend my thanks to Secretary Martinez for appearing before this Committee. I firmly believe that we can frankly state our differences and still have a constructive dialogue. I look forward to working with my colleagues and the Administration as we continue our efforts to make affordable housing a reality for our families and communities.

1 posted on 11/05/2008 2:34:25 PM PST by dervish
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To: dervish
...this super weasel bares watching
2 posted on 11/05/2008 2:36:07 PM PST by Doogle (USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: Doogle

Change Oui can believe in.


3 posted on 11/05/2008 2:38:34 PM PST by nhwingut (,)
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To: dervish

There are no evil Democrats. Didn’t you get the memo?


4 posted on 11/05/2008 2:39:03 PM PST by NativeNewYorker (Freepin' Jew Boy)
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To: dervish

Rahm Emmanuel, Jamie Gorelick, Jim Johnson, and Franklin Raines, all Democrats and all associated with the Clinton administration. But, ooooh noooo...the MSM won’t even mention their names.


5 posted on 11/05/2008 2:40:29 PM PST by ought-six ( Multiculturalism is national suicide, and political correctness is the cyanide capsule.)
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To: nhwingut

I hear Comrade Zero is also bringing back Clintonista, John Podesta.

Wow. Some changes. I guess he meant change back.


6 posted on 11/05/2008 2:41:08 PM PST by OpusatFR (Neither Republican or Democrat. Monarchist with allegience to The Only One.)
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To: Doogle

This is another aspect the media covered up. Those who ran Freddie/Fannie and stole all the money were mostly Democrats. They lied,stole and cheated and now we need to demand that they be jailed like others have but that will never happen.


7 posted on 11/05/2008 2:42:55 PM PST by gunnedah
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To: OpusatFR

It’s making my Hellary scenario from this morning all the more plausible if he keeps surrounding himself with Clintonistas.


8 posted on 11/05/2008 2:43:47 PM PST by Dahoser (America's great untapped alternative energy source: The Founding Fathers spinning in their graves.)
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To: Doogle

at the risk of sounding like saul alinsky, this guy needs to be
destroyed. he is pure evil and apparently, is planning his
own run for presidency down the road. he is a frightening
individual.


9 posted on 11/05/2008 2:44:09 PM PST by gussiefinknottle (woof!woof!woof!)
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To: dervish

And the American people still cannot figure it out.

McCain made a half assed attempt to tie Obama to the Freddie/Fannie shenanigans.


10 posted on 11/05/2008 2:44:52 PM PST by Harry Wurzbach (Joe The Plumber & Rep. Thaddeus McCotter are my heroes.)
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To: dervish
All registered Democrats were on the board of Freddie Mack. MSNBC’s David Gregory is married to Freddie's lead attorney.
11 posted on 11/05/2008 2:47:58 PM PST by Deb (Beat him, strip him and bring him to my tent!)
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To: Doogle
Daley machine thugs and Clintonistas!

What a change! What a feelgood feeling! It must be making Chris Matthew's leg tingle!

12 posted on 11/05/2008 2:48:36 PM PST by mojito
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To: SunkenCiv

ping a ling


13 posted on 11/05/2008 2:50:08 PM PST by dervish (in God I trust)
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To: dervish

Doesn’t matter.

Ethics are only valid for Republcian Admistrations according to Drive Bys. Backgrounds be dammed for the incoming Democrat admistration.

Didn’t we learn that in the 90’s???


14 posted on 11/05/2008 2:50:53 PM PST by The South Texan (The Drive By Media is America's worst enemy and American people don't know it.)
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To: OpusatFR

It won’t be long before O starts up the “Renaissance Weekends” again with all the liberal intelligentsia and hollywood friends. Oprah will probably do the planning.


15 posted on 11/05/2008 3:03:26 PM PST by crymeariver (Good news...in a way)
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To: dervish

Recycled trash. He’s there to make sure the truth doesn’t get out.


16 posted on 11/05/2008 3:04:09 PM PST by Carley (Vote McCain/Palin.....Change babies can live with.)
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To: ought-six

We are rapidly becoming a society where laws have no meaning. Bush’s refusal to investigate criminals in congress has made them bolder. Now, they have another friend in the WH that will look the other way.


17 posted on 11/05/2008 3:04:52 PM PST by dandiegirl
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To: dervish

And those who can’t string two sentences together will never figure out the connection between Barack Obama and the collapse of our economy with his buddies.


18 posted on 11/05/2008 3:05:12 PM PST by autumnraine (Churchill: " we shall fight in the fields and in the streets, we shall never surrender")
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To: crymeariver

Rahm also served in the army of a foreign country, which should be grounds for deportation in a sane world.


19 posted on 11/05/2008 3:07:53 PM PST by Clemenza (Red is the Color of Virility, Blue is the Color of Impotence)
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Comment #20 Removed by Moderator


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