As far back as October, 2008, ACORN was already being accused of voter fraud. Obama's connection to them goes back to his days as a Chicago community organizer.
On October 9, 2008, I wrote an article about ACORN being investigated for voter fraud and that eight of its office had been raided by election officials. It included information that
Obama's association with the Association of Community Organization for Reform Now, (ACORN) and Project Vote goes back to his work as a community organizer in Chicago starting in the 1990s. From 1993 to 2002, he also served on the Board of Directors for the Woods Fund which contributed funds to ACORN.
The Obama Campaign paid more $800,000 to ACORN for a Get-Out-The-Vote efforts which were originally misrepresented to the FEC. (David M. Brown, "Obama to Amend Report to FEC on $800,000 in Spending", Pittsburgh Tribune Review, (8/22/08).
On October 6, 2008, authorities and the FBI in eight states began seizing records of ACORN's voter registration drive, triggered in one state by the discovery of the fraudulent use of names of the Dallas Cowboys lineup on registration forms. At this date, irregularities are being investigated in Missouri, Kansas, Nevada, Wisconsin, New Mexico,Michigan, Ohio, and North Carolina.
In September 2008, the U.S. House Administration and House Judiciary Oversight Committees heard testimony from James Terry, Chief Public Advocate for Consumers Rights Leagues that ACORN was corruput at every level and that thousands of fraudulent registration cards were turn in by the organization.
About Obama and ACORN
On October 4, 2008, the Wall Street Journal published a compilation, "ACORN/Obama Fact Sheet" with information that associated Obama and ACORN over the last thirteen years. It contains information that was published in newspapers and magazines that provided data that spells out Obama and ACORN's relationship. Included is an article, "What Makes Obama Run" by Hank DeZutter, Op-Ed, (Chicago Reader, 12/8/95) in which he wrote:
"Obama continues his organizing work largely through classes for future leaders identified by ACORN and the Center for New Horizons on the south side."
Finally, ACORN is being brought up on criminal charges but meanwhile, in the "earmarks" in the economic stimulus bill, the organization was given $1.8 million dollars in tax payer dollars to continue their work.
Bank of America gives Bailout money to ACORN
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Martha Gore writes, "...the organization was given $1.8 million dollars in tax payer dollars to continue their work."
No, no! This $1.8 million taxpayer dollars was the final payment from Obama to ACORN for their helping elect Obama through voter fraud.
That is how politics work in corrupt Chicago.
Pay To Play!
Okpulot Taha
Choctaw Nation
Here are some excerpts from an article written by Stanley Kurtz last October. He'd been trying, to no avail, for several months to get access to Woods Fund documents.
The seeds of today's financial meltdown lie in the Commu nity Reinvestment Act - a law passed in 1977 and made riskier by unwise amendments and regulatory rulings in later decades.
CRA was meant to encourage banks to make loans to high-risk borrowers, often minorities living in unstable neighborhoods. That has provided an opening to radical groups like ACORN (the Association of Community Organizations for Reform Now) to abuse the law by forcing banks to make hundreds of millions of dollars in "subprime" loans to often uncreditworthy poor and minority customers.
Any bank that wants to expand or merge with another has to show it has complied with CRA - and approval can be held up by complaints filed by groups like ACORN.
In fact, intimidation tactics, public charges of racism and threats to use CRA to block business expansion have enabled ACORN to extract hundreds of millions of dollars in loans and contributions from America's financial institutions.
Banks already overexposed by these shaky loans were pushed still further in the wrong direction when government-sponsored Fannie Mae and Freddie Mac began buying up their bad loans and offering them for sale on world markets.
One key pioneer of ACORN's subprime-loan shakedown racket was Madeline Talbott - an activist with extensive ties to Barack Obama. She was also in on the ground floor of the disastrous turn in Fannie Mae's mortgage policies.
Long the director of Chicago ACORN, Talbott is a specialist in "direct action" - organizers' term for their militant tactics of intimidation and disruption. Perhaps her most famous stunt was leading a group of ACORN protesters breaking into a meeting of the Chicago City Council to push for a "living wage" law, shouting in defiance as she was arrested for mob action and disorderly conduct. But her real legacy may be her drive to push banks into making risky mortgage loans.
By September 1992, The Chicago Tribune was describing Talbott's program as "affirma- tive-action lending" and ACORN was issuing fact sheets bragging about relaxations of credit standards that it had won on behalf of minorities.
And Talbott continued her effort to, as she put it, drag banks "kicking and screaming" into high-risk loans. A September 1993 story in The Chicago Sun-Times presents her as the leader of an initiative in which five area financial institutions (including two of her former targets, now plainly cowed - Bell Federal Savings and Avondale Federal Savings) were "participating in a $55 million national pilot program with affordable-housing group ACORN to make mortgages for low- and moderate-income people with troubled credit histories."
What made this program different from others, the paper added, was the participation of Fannie Mae - which had agreed to buy up the loans. "If this pilot program works," crowed Talbott, "it will send a message to the lending community that it's OK to make these kind of loans."
Well, the pilot program "worked," and Fannie Mae's message that risky loans to minorities were "OK" was sent. The rest is financial-meltdown history.
IT would be tough to find an "on the ground" community organizer more closely tied to the subprime-mortgage fiasco than Madeline Talbott. And no one has been more supportive of Madeline Talbott than Barack Obama.
When Obama was just a budding community organizer in Chicago, Talbott was so impressed that she asked him to train her personal staff.
He returned to Chicago in the early '90s, just as Talbott was starting her pressure campaign on local banks. Chicago ACORN sought out Obama's legal services for a "motor voter" case and partnered with him on his 1992 "Project VOTE" registration drive.
In those years, he also conducted leadership-training seminars for ACORN's up-and-coming organizers. That is, Obama was training the army of ACORN organizers who participated in Madeline Talbott's drive against Chicago's banks.
More than that, Obama was funding them. As he rose to a leadership role at Chicago's Woods Fund, he became the most powerful voice on the foundation's board for supporting ACORN and other community organizers. In 1995, the Woods Fund substantially expanded its funding of community organizers - and Obama chaired the committee that urged and managed the shift.
That committee's report on strategies for funding groups like ACORN features all the key names in Obama's organizer network. The report quotes Talbott more than any other figure; Sandra Maxwell, Talbott's ACORN ally in the bank battle, was also among the organizers consulted.
MORE, the Obama-supervised Woods Fund report ac knowledges the problem of getting donors and foundations to contribute to radical groups like ACORN - whose confrontational tactics often scare off even liberal donors and foundations.
Indeed, the report brags about pulling the wool over the public's eye. The Woods Fund's claim to be "nonideological," it says, has "enabled the Trustees to make grants to organizations that use confrontational tactics against the business and government 'establishments' without undue risk of being criticized for partisanship."
Hmm. Radicalism disguised by a claim to be postideological. Sound familiar?
The Woods Fund report makes it clear Obama was fully aware of the intimidation tactics used by ACORN's Madeline Talbott in her pioneering efforts to force banks to suspend their usual credit standards. Yet he supported Talbott in every conceivable way. He trained her personal staff and other aspiring ACORN leaders, he consulted with her extensively, and he arranged a major boost in foundation funding for her efforts.
And, as the leader of another charity, the Chicago Annenberg Challenge, Obama channeled more funding Talbott's way - ostensibly for education projects but surely supportive of ACORN's overall efforts.
In return, Talbott proudly announced her support of Obama's first campaign for state Senate, saying, "We accept and respect him as a kindred spirit, a fellow organizer."
IN short, to understand the roots of the subprime-mort gage crisis, look to ACORN's Madeline Talbott. And to see how Talbott was able to work her mischief, look to Barack Obama.
Then you'll truly know what community organizers do.
Stanley Kurtz is a senior fellow with the Ethics and Public Policy Center in Washington, DC.
October 01, 2008
Lori adds excerpts from Stanley Kurtz, "He'd been trying, to no avail, for several months to get access to Woods Fund documents."
Stanley Kurtz is providing high quality reporting on this topic. Much of this was brought to light early last year by many of us. Of course, our left liberal mainstream media refused to cover this topic being so bent on kissing the feet of the Black Messiah.
This "forced loans" problem runs much deeper.
Barack Obama and terrorist Bill Ayers funneled money from the Annenberg Foundation directly into ACORN, way back in time. Although this is well known and documented, again our mainstream media refused to cover this.
However, this is not my topic.
Our current economic crisis is based solely upon a crisis in our banking and lending system. All other sectors of our markets were quite healthy. Only our "lending" sector crashed. There is a reason for this.
Obama, Ayers, Annenberg, ACORN and others, forced banks and lenders to make these high risk loans, types of loans which previously were denied. Our lenders truly had no choice in this being "strong armed" by black racists and sympathizers, notably Al Sharpton, Jesse Jackson, Obama and many others including a lot of white folks like Bill Ayers and ACORN radical left liberals.
Readers are not to expect me to be politically correct; I am an American Indian truth speaker.
A result of lenders being forced to make bad loans is lenders took to looking for ways to make a profit under very bad imposed conditions. This is capitalism at work.
In time, lenders figured out they could dump these bad loans on unsuspecting investors and the public. These is the birth of exotic "securitized" mortgage packages. Initially, not such a bad deal while investors are willing to take risks.
However, good intention capitalism spawned greed and corruption. A small segment of our lending market, Bear Stearns, Goldman-Sachs, Merrill Lynch and a handful of other large institutions quickly learned they could make these mortgage packages so exotic none could understand what they were buying. Extreme profits were earned through commissions, fees and such. Over ten years, major institutions loaded up on these exotic packages then borrowed money against those high risk investments. This is "leverage".
So much money became tied up in these packages and leverage, America simply ran out of cash, then the real estate market bubble burst.
This "House Of Cards" came crashing down.
All readers know what has come of this.
Bill Clinton, when president, tried to rein in these bad loans. No luck. Even illiterate blithering idiot George Bush warned about this and tried to rein in these bad loans. No luck.
From Clinton through Bush, Democrats on Capitol Hill defeated efforts at controlling this exotic securitized package market. Other factors played a part in this, an example, having criminally indicted Christopher Cox take the chair of the Securities and Exchange Commission.
Plenty of blame to go around. A major portion of blame rests on the shoulders of financially irresponsible Americans, and there are a lot.
Bottom line, which Lori and Stanley Kurtz touch upon, is our current Great Depression II can be traced right back to Obama, Ayers, ACORN, Annenberg, Sharpton, Jackson and others.
Those folks tossed a snowball at America. Those folks created circumstances which, over a decade, snowballed into today's economic crisis.
Rather ironic Obama is our president today and he is still chasing after the same philosophy; tax, borrow, spend and effect socialism.
Obama is not a president. Obama is still a community organizer forcing his personal agenda upon all America, and he is again creating circumstances which will snowball into disaster for our nation.
Obama is not a visionary, Obama is egotistically blind.
Okpulot Taha
Choctaw Nation
CRA had nothing to do with the financial-meltdown, please read and think, stop believing people who make money from you, without reading and making up your own mind. Go to your bank and ask your banker what percentage of his mortgage portfolio is CRA, it is very little. Total CRA exposure to the market is almost 3%. Almost 3% doesn't bring this meltdown.
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