Last night, Greta Van Susteran interviewed Senator Lindsey Graham (R-S.C.), an ardent McCain supporter. When I heard Sen. Graham refer to ACORN, I perked up. As it stands, if the bailout proposal goes through with the counter-proposals from Sen. Sen. Chris Dodd (D-Del.), ACORN would receive 20% of 700 billion dollars of the bailout money.
Curious to learn more about Graham’s references, I also read “Kill the bailout: More ACORN funding?!,” which offers this explanation of the Dodd counter-proposal:
“Senator Graham is referring to Section 5 of the Dodd counter-proposal to the Paulson Plan. To summarize, it promises a minimum 20% of the ‘profits’ from the Treasury’s sale of assets to The Housing Trust Fund and the Capital Magnet Fund.”
And this morning I found another mention of ACORN at HotAir in this article, The Democratic ACORN bailout. Ed Morrisey had this to say:
House Republicans refused to support the Henry Paulson/Chris Dodd compromise bailout plan yesterday afternoon, even after the New York Times reported that Treasury Secretary Henry Paulson got down on one knee to beg Nancy Pelosi to compromise. One of the sticking points, as Senator Lindsey Graham explained later, wasn’t a lack of begging but a poison pill that would push 20% of all profits from the bailout into the Housing Trust Fund — a boondoggle that Democrats in Congress has used to fund political-action groups like ACORN and the National Council of La Raza.
I went to PublicMarkup.org to read the counterproposal, which includes comments from citizens.
a href=”http://michellemalkin.com/2008/09/25/kill-the-bailout-more-acorn-funding”>Here’s more on the development:
Just heard from several readers that Lindsay Graham told Fox that the Mother of All Bailouts includes a reported $100 million more in funding for the left-wing housing entitlement thugs and heavily tax-subsidized fraudsters at ACORN. Under the original bailout proposal, apparently, a large portion of any repayment of the $700 billion would go to Barack Obama’s good friends at ACORN with a smaller allocation to debt repayment. Readers heard him say it was 20 percent.
It is time to wake up people. ACORN has already received money from the housing bill Bush signed into law. Now they are set to receive 20% of the management and money of the bailout bill. Along with all of that money, they are trying to affect the federal elections.
There will be more on ACORN and ACORN Housing Corporation as the day rolls on!
ALSO: Check out Memeorandum.com for more stories on the Acorn controversy.
SusanUnPC’s Note: NancyA has more pieces coming up on Acorn that will be posted throughout the evening, hopefully before tomorrow.