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In July 2008 the Pittsburgh Tribune Review, along with NoQuarter researchers, exposes the lie by uncovering $832,598.29 that the Obama campaign funneled through a front company called Citizens Services, Inc.
ACORN, which receives partial taxpayer funding, used those funds to conduct solicitations for contributions to and raised over $800,000 for Obama in Philadelphia alone. Where does ACORN, the political group get this money? In 2006 Project Vote hired ACORN and CSI as its highest paid contractors, paying ACORN $4,649,037 (look at that number!)and CSI $779,016. It has also been well documented that money flows to them from various sources including from the federally chartered non-profit ACORN Housing Corporation. ACORN gets 40% of its funding from you, the taxpayer. this summer, with the democratic housing bill, ACORN and ACORN Housing Corporation gpt a portion of upwards of $600 million dollars. There is no firewall between ACORN and AHC so the money for housing also supports the the political arm….Project Vote.
• AHC has worked to obtain mortgages for undocumented
workers
• AHC relies on undocumented income, “under the table” money
that may not be reported to the Internal Revenue Service
• ACORN’s “financial justice” operations attack lenders for “exotic”
loans, but AHC has recommended ten-year interest-only
loans (which deny equity to the buyer) and reverse mortgages
(which can be detrimental to senior citizens)
• AHC may have violated federal law by failing to maintain a
proper distinction between its tax-exempt housing work and
the aggressive political activities of ACORN.
by the way where is that investigation?
The troubling thing about ACORN is that it does not claim federal tax exemption, therefore it is free to engage in politics and is not required to disclose details of its vast and varied financial operations. Their membership includes more than 350,000 families, in more than half dozen countries.
The Community Reinvestment Act or (CRA) was passed in 1977 under President Jimmy Carter. ACORN was responsible for issuing mortgages via CRA with little or no paperwork. They were also known as NINJAs….It stands for No Income, No Job, No Assets. These loans were still available in February of this year!
why is this important? because our government has asked you, the taxpayer, to not only bail out their bad mortgage loans but to fund their political arm to buy votes in the future! i imagine when the credit is freed up again, which our government is trying so desperately to do, the taxpayers will be back funding more bad loans for ACORN.
Beaten to death? Not hardly enough.... Acorn who has facilitated voter fraud, receives tax payers funds to support a very biased agenda.... Now what kind of regestration did they facilitate? Would it be for the democratic party?
Obama may have been affiliated with these criminals. I doubt very much that he participated in such activities. But combined with other affiliations it does not paint a favorable picture. We keep hearing I didn't know, or I had nothing to do with or I am disappointed in them. But so many???
Whats sad is that the country is so disillusioned by the current admin and the repub party that we as a people are willing to overlook things that as little as 4 years ago would have been without question a deal breaker.
Gateway Pundit: Oops!... Obama Camp Caught Scrubbing Its "Fight the Smears" Webpage on ACORN (http://gatewaypundit.blogspot.com/2008/10/oops-obama-camp-caught-scrubbing-its.html - broken link)
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