Conservative Economic Commentary | Topic: ACORN

Obamacare Is Billion-Dollar Cash Cow for AARP http://bit.ly/e7c421 #tcot Exploiting our gullible elders ... where the big bucks are. >>
$2 billion union payments found hidden in Obamacare http://bit.ly/gb7Yat #tcot Korruption, Kolusion & Kickbacks in Obama's DC. >>
@Kriskxx Interesting point. I was also much lighter in the Carter years. But then, I was younger, exercised a lot, and lived abroad. >>
@andilinks Whether deflation is worse than inflation depends on who you are. Great Depression was best of times for people with jobs. >>
90% of Americans still have jobs; interest rates, inflation low... Obama hopeful for 2012. #tcot BUT INFLATION IS RISING, RISING >>

Subject: ACORN

The Association of Community Organizations for Reform Now (ACORN) is a collection of community-based organizations in the United States that advocate for low- and moderate-income families by working on neighborhood safety, voter registration, health care, affordable housing, and other social issues. ACORN has over 400,000 members and more than 1,200 neighborhood chapters in over 100 cities across the U.S. ACORN was founded in 1970 by Wade Rathke and Gary Delgado. Maude Hurd has been National President since 1990; Bertha Lewis was appointed CEO in 2008.
ACORN’s priorities have included: better housing and wages for the poor, more community development investment from banks and governments, better public schools, and other social justice issues. ACORN pursues these goals through demonstration, negotiation, lobbying for legislation, and voter participation. ACORN comprises a number of legally distinct non-profit entities including a nationwide umbrella organization established as a 501(c)(4) that performs lobbying; local chapters established as 501(c)(3) nonpartisan charities; and the ACORN Housing Corporation. These entities support labor-oriented causes. [Wikipedia]

Good and bad banks

Bank stress tests: aftermath and consequences

By John Schroy, on May 8th, 2009 |

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In May 2009, the Obama administration divided some of America’s largest banks into ‘good banks’ and ‘bad banks’.

This broke a long-standing practice of protecting the reputation of the US banking system. The Obama government seized TARP funds as an instrument of political power.

Banks, large and small, are now eager to escape the trap of taking TARP funds, which will require them to raise $74.6 billion, either by selling equities on the market, or from profits.

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