Bob McCarty Writes

13 responses so far ↓

• 1 Bride of Rove » What have the Democrats done for you in the past two years? // Sep 26, 2008 at 6:55 am

  [...] Twenty Percent of Bailout Profits to Go to ACORN! Bob McCarty Writes No Comments so far Leave a comment RSS feed for comments on this post. TrackBack URI Leave a comment Line and paragraph breaks automatic, e-mail address never displayed, HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong> [...]

• 2 Bride of Rove // Sep 26, 2008 at 6:56 am

  I heard that last night and nearly lost dinner. Thanks for the details.

• 3 Skunkfeathers // Sep 26, 2008 at 7:13 am

  Now I understand better why congressional Republicans are so against this bailout plan the Democrats are so in love with: 20% of $700 billion earmarked to go to ACORN, a liberal and very criminal organization, top-loaded with fraudsters and bent on corrupting the political process to benefit Democrats who were instrumental in bringing on this financial crisis in the first place, with their gerrymandering of Fannie Mae/Freddie Mac, and then their five years of refusals to meet the crisis before it was upon us. Anyone who voted for Barney Frank, Harry Reid, Nancy Pelosi, Chuck Schumer, Christopher Dodd, and plans to vote for Oblahblah, should be ashamed of what they have wrought on the American taxpayer and our economic and national security.

• 4 Joanne // Sep 26, 2008 at 8:52 am

  Thank god for John McCain and his “Country First.” I could not believe that we, “the taxpayers” were just going to give Wall Street a blank check and then hope that we get something back! Who would sign a deal like that? Only an idiot! Loan it to them, make them work for it and make them pay it back. Fix the laws that have been altered and kick Pelosi , Reid and Frank out of office. Let us hope that intelligence prevails and Acorn falls off the Brooklyn Bridge along with their buddy Obama.

• 5 hotoffthepress2 // Sep 26, 2008 at 8:55 am

  Joanne — Good points all. Please take a look at my latest post, It’s Time to Hold Elected Officials Accountable and let me know what you think. Thanks in advance.

• 6 Star // Sep 26, 2008 at 9:04 am

  Now I see why Frank, Dodd and Pelosi were literally sweating bullets yesterday. Frank and Dodd’s hands are so dirty in this that their only hope is to distract Americans by pinning the slow down of approval the bailout on McCain’s decision to put country first.

• 7 hotoffthepress2 // Sep 26, 2008 at 9:06 am

  Star — “Dirty” doesn’t even begin to describe their hands. “Bloody” and “red-handed” come to mind as better descriptors. You agree?

• 8 cookiegramma // Sep 26, 2008 at 10:11 am

  Chris Dodds whole being is covered in grime, but because I am in Ct I have not heard about how deep Reid is in with ACORN. Is this just his small way of saying thanks to the organization for registering all thos cartoon characters, 14 year olds and dead people to vote democratic?

• 9 hotoffthepress2 // Sep 26, 2008 at 10:13 am

  cookiegramma — Quite a payback, huh?

• 10 jack // Sep 26, 2008 at 10:19 am

  —thanks a lot—how is it possible that none of the print media mention this—good for the house republicans for objecting—1st kick acorn out–then put in some conditions—this crises has brought to light a lot of stuff–and has brought to light why mccain says WA needs to be reformed–no wonder they have a 17% approval rating

  –obama looked like a fish out of water yesterday—no matter how much they spin it and how much the media helps the man is in no way shape or form prepared for the job–in tough times you need someone who is qualified for the job and who won’t be pushed around by pelosi or reid or anyone else

• 11 hotoffthepress2 // Sep 26, 2008 at 10:21 am

  You’re welcome and you’re right, Jack! Thanks!

• 12 James // Sep 26, 2008 at 11:26 am

  “TRANSFER OF A PERCENTAGE OF PROFITS.

  1. DEPOSITS.Not less than 20 percent of any profit realized on the sale of each troubled asset purchased under this Act shall be deposited as provided in paragraph (2).
  2. USE OF DEPOSITS.Of the amount referred to in paragraph (1)
  1. 65 percent shall be deposited into the Housing Trust Fund established under section 1338 of the Federal Housing Enterprises Regulatory Reform Act of 1992 (12 U.S.C. 4568); and
  2. 35 percent shall be deposited into the Capital Magnet Fund established under section 1339 of that Act (12 U.S.C. 4569).

  REMAINDER DEPOSITED IN THE TREASURY.All amounts remaining after payments under paragraph (1) shall be paid into the General Fund of the Treasury for reduction of the public debt.”

  1) So there will be profits!
  2) ACORN and the boys get theirs first, before anybody else! Money for more sub-prime mortgages, community organizing, jobs programs, and “voter registration”.
  3) 20% of what? $500, $1000 billion? As Everett Dircksen used to say that adds up to real money.
  4) Now that’s chutzpah

• 13 DanielS // Sep 26, 2008 at 12:17 pm

  I only hope that this story about ACORN and the bailout gets more attention. Also considering that Obama used to be a lawyer for ACORN, and could have made a large amount of money from this bailout.

  http://www.thestaffordvoice.com/

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