Editorial: Soros Poised for Payback on His Political Investment

DC Examiner ^ | Aug. 28, '08 | staff

[T.L.Sink]

It's bad enough that American taxpayers have to bail out the privately owned, tax-exempt Freddie Mae and Freddie Mac. But it's truly outrageous that tax dollars will also go to groups involved in voter fraud and illegal immigration. The small print in the $42 billion bailout passed by Congress and signed by Bush requires those two government-sponsored mortgage giants to deposit 4.2 percent of all new mortgages they underwrite into the National Affordable Housing Trust Fund. Here's the catch. The Trust Fund - the largest expansion of federal housing assistance since LBJ's Great Society - is required to make grants to organizations that have "demonstrated the experience and capacity to carry out the proposed Trust Fund activity." Which means that money can easily be siphoned off to groups such as La Raza and the Association of Community Organizations for Reform Now (ACORN). ACORN is heavily funded by George Soros. La Raza, which opposes all efforts to stop illegal immigration, and ACORN, members of which have been convicted of voter registration fraud in several states, are each eligible for $234 million under Section 134: Grants for Housing Counseling Assistance. These morsels are just a taste of what's to come if Obama wins and Democrats gain veto-proof majorities in Congress. Obama will give billions more tax dollars to radical non-profits like Soros' ACORN and La Raza. Soros - a long-time Obama donor - will expect a return on his investment.

[The Pack Knight]

That’s really what ACORN is, isn’t it? A latter-day Tammany. The difference is, where Tammany was local and purely partisan, ACORN is nationwide and ideologically driven.

Also, instead of outright vote-buying, ACORN employs a more modern, more effective, and, frankly, more insidious practice; making voters dependent upon them for free services - financial in this case. Perhaps not coincidentally, this is the same method used by Hamas and Hezbollah to garner support.

[dep]

what is this doing as breaking news today?

[caseinpoint]

Beats me. I didn’t post it and I just now noticed the old date. But then, people like Soros are always poised for payback for anything they do. He has more chits to call in than probably anyone in the world.