Tag Archives: Recession

News

ACORN sues whistleblower for exposing their secrets

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Let’s learn about ACORN

In case you don’t know anything about ACORN, Michelle Malkin can introduce this organization. (post dated June 20, 2008)

Excerpt:

The radical left-wing, government-subsidized group ACORN uses your tax dollars to engage in voter fraud, enrich itself as part of the mortgage counseling racket, and serve as an activist branch of the Democrat Party.

There’s more. Ashley Eiler e-mails about a new report: “The Consumers Rights League just released a collection of whistleblower documents from an ACORN staffer that raise some new concerns about how the organization has established policies for its housing counselors to use undocumented / under-the-table income for processing loan applications from low-income individuals. In addition to pushing these and other exotic loans, the documents reveal that ACORN has engaged in some apparently illegal activities by commingling government funds from its tax-exempt offshoot entities to fight political battles against corporate lenders. ”

Who has close ties to this suspicious group? Is it Dick Cheney?

Obama’s close relationship with ACORN

Michelle Malkin can tell you all about Obama’s close ties with ACORN. (post dated June 25, 2008)

Excerpt:

Who in Washington will fight to ensure that your money isn’t being spent on these radical activities?

Don’t bother asking Barack Obama. He cut his ideological teeth working with ACORN as a “community organizer” and legal representative. Naturally, ACORN’s political action committee has warmly endorsed his presidential candidacy. According to ACORN, Obama trained its Chicago members in leadership seminars; in turn, ACORN volunteers worked on his campaigns. Obama also sat on the boards of the Woods Fund and Joyce Foundation, both of which poured money into ACORN’s coffers. ACORN head Maude Hurd gushes that Obama is the candidate who “best understands and can affect change on the issues ACORN cares about” — like ensuring their massive pipeline to your hard-earned money.

…For excellent background on Obama and ACORN, see Stanley Kurtz’s NR piece here, plus City Journal pieces here and here. Also here and here.

This article has some startling numbers on ACORN’s operations.

How is ACORN funded?

ACORN is funded by taxpayer money, and Obama’s porkulus bill included 4.19 billion dollars for his former employer. (post dated January 26, 2009)

Excerpt:

House GOP leader John Boehner’s office reports that the left-wing voter fraud/illegal alien/housing entitlement racketeers at ACORN “could get billions” more in federal taxpayer funding from the Democrats’ stimulus bill.

Remember, these guys are accused of voter fraud, and they are being asked by Obama to go door-to-door to assist with the US census. I’m sure they will not use that opportunity to commit more voter fraud. Not at all.

ACORN sues whistleblower

Remember that whistleblower that I mentioned earlier? Michelle has the latest news.

Excerpt:

The White House is on a witch hunt against inspectors general who blow the whistle on waste, fraud, and abuse of taxpayer dollars.

And now, taxpayer-subsidized ACORN affiliate Project Vote — where President Obama cut his teeth as a community organizer and learned Leftist intimidation tactics up close and personal — is going after whistleblower Anita MonCrief and an anonymous “John Doe” defendant for posting invaluable documents that reveal the money-shuffling racket.

Obama. ACORN. Project Vote. Corrupt birds of a feather bully together.

The scoop: Project Vote has filed a federal lawsuit against MonCrief for blogging about her experience and knowledge of the non-profit 501(c)(3) organization’s partisan and political activities, including coordination with the Obama campaign. Project Vote seeks compensatory damages and exemplary damages “of at least $5 million” and all costs and attorney’s fees on trumped-up charges of “trademark infringement” and publication of “trade secrets.”

Should we be surprised that the left is willing to bully and intimidate people for exposing them?

ACORN was instrumental in causing the current recession by suing banks so that they would be forced to make loans to people who would never be able to pay the money back. Remember, Democrats caused this recession and Republicans tried to stop them.

News

Obama loses 2.19 million jobs, 9.4% unemployment, worst in 25 years

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UPDATE: Welcome readers from 4Simpsons! Thanks for the link Neil!

Gateway Pundit has the story in graphs. (H/T Lonely Conservative)

What was the unemployment rate under Bush?

Despite the recession he inherited, 9-11, stock market scandals, Hurricane Katrina and two wars in Iraq and Afghanistan, the unemployment rate during the Bush years averaged out to 5.27%. (Misery Index)

How about so far under Obama?

The US economy lost 598,000 jobs in January.
The US economy lost 706,000 jobs in February.
The US economy lost 742,000 jobs in March.
The US economy lost 545,000 jobs in April.
And, in May the US economy lost 345,000 jobs.

Here’s a graph that may help you to understand how bad Obama really is, compared to Bush:

US Unemployment Rate
US Unemployment Rate

Clinton’s rate is good because Newt Gingrich was in charge of the House in 1994 onward, and the House is where all spending bills originate

Hot Air reports (with a graph) that the unemployment rate is worse than the White House predicted it would be if they hadn’t passed the stimulus:

We are heading towards double-digit unemployment and doing that while we incur the massive debt of the unstimulating stimulus package. We could just as easily have kept the money and ridden out the unemployment, much as we’re forced to do now, only being a lot poorer while doing it.

Why is this important?  It demonstrates that the President and his economic advisers have gotten pretty much everything about this economic collapse wrong.  Instead of contracting government spending and shoring up the credibility of the currency, they’re setting records in dissipating it instead.  Instead of focusing on fixing the problem that government explicitly created — mortgage-backed securities — they’ve literally left that for last while they waste money chasing every Democratic constituency but ignoring the actual cancer in the financial system.

Bush was cutting into the deficit until the Democrats Community Reinvestment Act caught up with him in 2008. But Obama has ruined Bush’s effort to balance the budget, with his massive redistributions of wealth.

Obama's projected deficits
Obama's projected deficits

And the Heritage Foundation shows that the national debt is getting much worse under Obama’s tax and spend policies:

debt-deficits_04-580
Debt as % of GDP under Obama

The Heritage Foundation writes:

The national debt is skyrocketing. In 2009 publicly held debt is projected to jump to 54.8 percent of GDP, up from 40.8 percent in 2008. A year to year increase of this size hasn’t occurred since World War II. While the main causes of this massive increase – $787 trillion economic “stimulus” and the $700 billion Troubled Asset Relief Program (TARP) – are sure to be debated for some time, the truly freighting revelation should be not what has already taken place, but what our elected officials have planned.

President Obama’s budget, if passed, would send debt to levels 26.3 percent of GDP over current law. Although President Obama has publicly stated his desire to both bring down deficits and reform entitlements under his watch, his actions don’t match his words.

Who caused the recession? The democrats caused the recession, Bush tried to stop them in 2003. And Obama’s spending spree is only making things worse. We have a worse economy than Canada now, in every measure that counts. Obama’s planned tax hike is causing companies like Microsoft to ship jobs overseas, and his cap and trade plan will cost us even more jobs.

High tax rates cause the most productive people to stop working, costing us jobs. Obama is to blame. His total ignorance of economics means that he will be playing whack-a-mole with the US economy – always inventing new interventions into the market to fix the problems his last intervention caused.

UPDATE: Muddling Towards Maturity links to a comment by a business owner who explains why he will be hiring in Panama, not in the USA.

Humor

Friday night funny: Nancy Pelosi, Michele Bachmann and capitalism

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Here’s Canadian-raised comedian Steven Crowder’s latest video. This one made me laugh out loud, and you will too! (H/T IMAO.us)

And here’s the lovely Michele Bachmann staying calm against Barney Frank. Beauty and the Beast! (H/T The Maritime Sentry)

Remember, Democrats caused the recession and Republicans tried to stop it! And Barney Frank was one of the main players in causing this recession, as you can see from the linked New York Times article. Now Michele has to come in and try to clean up their mess.

Fun cartoons

Here is an old-fashioned video on capitalism. I feel so subversive even showing them to you. This is the kind of thing real Americans used to learn about before the public schools were taken over by marxists, feminists and draft-dodging leftists! (H/T IMAO.us)

Part 1:

Part 2:

More old-fashioned capitalist propaganda here! This one is about energy production, enterprise and competition. It has little green men with pointy ears!

Happy Friday!