ACORN + Obama = Financial Crisis

This is so explosive it would doom anyone else's ambitions for the White House.

Barack Obama, and his pet "community organizing" group ACORN, are intimately involved in the nationwide financial crisis that threatens to bring down our entire economy and plunge the entire country into a '30's like Depression.

Not only is Obama not the man with the solutions, he and his friends, allies, supporters, friends and advisors are at the very epicenter of the entire financial earthquake.

"That same year, as a director at Chicago’s Woods Fund, Obama was successfully pushing for a major expansion of assistance to ACORN, and sending still more money ACORN’s way from his post as board chair of the Chicago Annenberg Challenge. Through both funding and personal-leadership training, Obama supported ACORN. And ACORN, far more than we’ve recognized up to now, had a major role in precipitating the subprime crisis."

"...Many news reports over the ensuing months point to ACORN as the key source of pressure on congress for a further reduction of credit standards at Fannie Mae and Freddie Mac. As a result of this pressure, ACORN was eventually permitted to redraft many of Fannie Mae and Freddie Mac’s loan guideline[s].

"...So by the 1993, a grand alliance of ACORN, national Democrats, and local bankers looking for someone to lessen the risks imposed on them by CRA and ACORN were uniting to pressure Fannie and Freddie to loosen credit standards still further.

"...ACORN called for at least half of Fannie and Freddie loans to go to low-income customers. At first the Clinton administration offered a set-aside of 30 percent. But eventually ACORN got what it wanted. In early 1994, the Clinton administration floated plans for committing $1 trillion in loans to low- and moderate-income home-buyers, which would amount to about half of Fannie Mae’s business by the end of the decade.

"...Clinton emphasized that: 'Our home ownership strategy will not cost the taxpayers one extra cent.'...In the end of course, Clinton’s plan cost taxpayers an almost unimaginable amount of money. "

By all means, let's elect this man President, and give him a filibuster-proof Democrat Congress.

Or not...

The Gunslinger