Dems Using Crisis to Fund Radical Friends

As usual, the Democrats are using a public crisis to enrich their far left political constituencies with huge gobs of public money while claiming to look out for the little guy.

The deal they were supporting before the House Republicans scuttled it would have shaved 20% off the top of any profit from selling the purchased bad debts and given it to ACORN, the Association of Community Organizations for Reform Now, an organization of Marxist agitators with a history or embezzlement and intimidation, and an important role in using government programs to hook up people with mortgages they can't afford in overpriced houses.

Sen. Lindsey Graham blows the whistle:


Read "One Reason There Was 'No Deal' Yesterday" at Right Wing News. The article quotes Lindsey Graham, the text of Chris Dodd's proposal from Ed Morrisey's Hot Air blog, and The Heritage Foundation.

See also Michelle Malkin, "Kill the Bailout: More ACORN Funding?"