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The term neoconservative was originally used as a criticism against liberals who had "moved to the right".[1][2] Michael Harrington, a democratic socialist, coined the usage of neoconservative in a 1973 Dissent magazine article concerning welfare policy.[3] According to E. J. Dionne, the nascent neoconservatives were driven by "the notion that liberalism" had failed and "no longer knew what it was talking about."[4]
Originally posted by semperfortis
So you are not blaming the Congress who sponsored, supported and passed the spending bills? You are just blaming the President for not vetoing them....?
Interesting
I place most of the blame for the economy on President Bush and then the Congress.
n 1977, the Community Reinvestment Act was signed into law by President Jimmy Carter. This law requires financial institutions to offer credit, including home ownership opportunities, to under-served populations. Translated, the Community Reinvestment Act forced financial institutions to offer credit – mortgages – to unqualified borrowers. To add teeth to this law, provisions were included to punish financial institutions that did not embrace the horrific business practice of lending money to those unable to pay it back.
Because of the Community Reinvestment Act, any financial institution that wants to expand or merge – any financial institution that has earned the right to grow because of its utilization of good business practices – has to prove it has complied with the Community Reinvestment Act otherwise the growth move can be blocked through regulation set-up to enforce the law. ACORN, under the guise of affecting “affordable housing for the poor” routinely employs intimidation tactics (both physical and verbal), public charges of racism and threatens to use the Community Reinvestment Act to block business expansion. These actions have enabled ACORN to extract hundreds of millions of dollars in loans and “organizational contributions” (read: bribes) from America’s financial institutions.
Indisputably, the actions of ACORN, in their intimidation of financial institutions that make up the mortgage banking
industry, serve as the chief catalyst for the mortgage crisis and the financial meltdown we are experiencing today. By coercing the mortgage banking industry into lending to those who were unqualified to borrow, ACORN instigated the collapse of the housing market
and, as a result, is directly responsible for qualified borrowers – you and I – being unable to secure legitimate lines of credit today.
But how does this relate to Barack Obama?
Barack Obama’s Connection to ACORN
When a young Barack Obama was first starting in his career as a “community organizer,” he caught the eye of Madeleine Talbot, the Chicago chapter head of ACORN. Talbot was so impressed with Obama’s organizational skills in his effort to attain asbestos abatement at a low-income housing project that she invited Obama to help train her own staff in the art of community organizing.
In an article by Toni Foulkes, a Chicago Acorn leader and a member of Acorn’s National Association Board, published in Social Policy titled, Case Study: Chicago — The Barack Obama Campaign, Barack Obama is cited as being a key figure in ACORN’s yearly leadership-training seminars. Foulkes also exposes the fact that the much-touted Project Vote campaign which Obama takes credit for organizing was, in fact, in direct partnership with ACORN.
Barack Obama was retained to represent ACORN in a legal action regarding an Illinois law addressing what has come to be known as “motor-voter” voter registration. He was intentionally and specifically sought because of his days working with Madeleine Talbot.
After Obama officially left ACORN and began to craft his political career he tapped into his time at ACORN to field his volunteer staff. Having trained many of the ACORN leaders in Chicago there was a well-spring of enthusiasm for his candidacies throughout the organization, candidacies that include his 1996 congressional campaign, his 2000 State Senate campaign, his 2004 US Senate campaign and today’s 2008 presidential campaign. It should be noted here that Obama sought and received endorsements from ACORN’s political arms for his political contests.
A minimal effort into researching then Illinois State Senator Barack Obama’s pet projects reveals that on several occasions he introduced legislation complimentary to ACORN’s goals including legislation addressing the municipal living wage and the financial sector. And when Obama sat on the boards of the Woods Foundation and the Joyce Foundation he was afforded the wherewithal to direct grants to ACORN, which he did.
Putting Two-and-Two Together
There are many, including HotAir.com’s Ed Morrissey, who will rightly point out that,
“It’s important not to get too carried away with the ACORN connection in the collapse. The real trigger came when Fannie Mae and Freddie Mac began buying up all of these loans and converting them into securities.”
But a gun doesn’t shoot without bullets and ACORN’s manipulation of the mortgage banking community in securing low-interest loans for unqualified borrowers manufactured the “bullets” that were shot by the gun owned by Fannie Mae and Freddie Mac.
Every crisis begins with a single act but most often that act remains hidden in the shadows of the crisis. It took years to uncover the mechanics of the September 11th, 2001 attacks yet we understood all those years of planning and training in a single moment. Hitler’s rise to power didn’t begin with his ascension to chancellor, it began in a Munich beer hall years before. And the movement that is incrementally facilitating the encroachment of socialist democratic ideology in the United States didn’t start in the 1960s, it started circa World War I.
In the case of the mortgage crisis and the subsequent financial meltdown that has caused hundred-point slides in the stock market in recent days, it started with training people – community activists and their coordinators – how to coerce financial organizations into employing bad business practices by providing loans to people who could never, ever pay them back.
Barack Obama trained Madeleine Talbot’s budding ACORN staff how to organize people to action. He returned yearly to provide yearly leadership-training seminars. And after ACORN employed the practice of coercing financial institution into providing low-interest loans to unqualified recipients Obama served as their legal counsel.
Fannie Mae and Freddie Mac may have acted as the mechanism for the initiation of today’s financial crisis, but ACORN and Barack Obama exist as the genesis, the single act that morphed into financial catastrophe for our country and, very likely, the world. To deny this elementary fact is to employ the math that got us into this mess.
Originally posted by semperfortis
So you are not blaming the Congress who sponsored, supported and passed the spending bills? You are just blaming the President for not vetoing them....?
Interesting
i voted for bill clinton both times, but i was still p*ssed off about GATT and NAFTA. that screwed alot of hardworking americans out of their jobs, and i can never forgive him for that
Biden (D-DE), Yea Vice President
Daschle (D-SD), Yea- Secretary of Health and Human Services
Clinton, H -supported NAFTA- Secretary of State.
Gore, Al- potential enviromental Czar or UN amb.-was Clinton's VP
Richardson, Bill -commerce Secretary
-from his own website:
NAFTA critically important for US as well as Mexico. (Nov 2005)
source:www.ontheissues.org...
he memo, written by a Canadian embassy official and leaked to the AP, claims that the campaign's top economic adviser Austan Goolsbee assured him that Obama's anti-NAFTA remarks "should not be taken out of context and should be viewed as more about political positioning than a clear articulation of policy plans."
Originally posted by hinky
reply to post by ProfEmeritus
Thank you for stating very historically correct facts and were the real problem arose.
It was every SOB in office after Ford that is responsible for this mess. It's not just the Presidents, but the members of the House and Congress. Bush maybe be somewhat stupid in some areas, but he alone could have possibly laid out the plans for this financial mess. He had help from the last 32 years that got us to this point.
Have you ever heard of the Federal Reserve? Do you know how the FED came to be and how the FED works? The FED is the reason why our economy is failing.
Nope,
This is Bush's fault.
We could handle any structural problems if the debt was under control.
Originally posted by semperfortis
reply to post by jimmyx
Hard Core NeoCon is an Oxymoron
The term neoconservative was originally used as a criticism against liberals who had "moved to the right".[1][2] Michael Harrington, a democratic socialist, coined the usage of neoconservative in a 1973 Dissent magazine article concerning welfare policy.[3] According to E. J. Dionne, the nascent neoconservatives were driven by "the notion that liberalism" had failed and "no longer knew what it was talking about."[4]
Source
While the use of the term NeoCon is misused consistently by the Liberal Left, to do so here flies in the face of the ATS Motto..