Lou Dobbs reports on ACORN corruption and ties to Obama, including Obama Campaign paying ACORN $800,000 for voter registration activities.
http://www.cnn.com/video/#/video/bestoftv/2008/10/09/ldt.tucker.acorn.under.fire.cnn
The link below describes how some in Congress tried to use the original version of the bailout bill to divert money eventually recovered to groups like ACORN, a group Obama has a long association with. See: Wall Street Journal
http://online.wsj.com/article/SB122247015469280723.html?mod=googlenews_wsj
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Losing Your Head Over Your House
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In that, they have plenty of company. At root, the emotions that drove the candidates to buy homes that have caused them to be criticized aren't much different from the passions that lie at the heart of the current financial crisis. Long before the current Wall Street meltdown, the seeds of America's ongoing wealth implosion were sown when so many borrowers took on mortgages they couldn't handle to buy the home of their dreams. Yes, some of these borrowers were snookered into adjustable-rate mortgages they might not have understood. But as is made clear in that clever PowerPoint presentation of those stick figures that attempts to explain the subprime crisis, many of the people who've now defaulted on their mortgages had some inkling the loan might be unaffordable right from the get-go. Just as the candidates put aside any worries over the appearance their housing deals might create, a lot of borrowers managed to put aside their own private worries they were borrowing more than they could pay back.
In a way, Mark Zandi, cofounder of Moody's Economy.com, sees the public's fascination with the candidates' homes as a sign of the times. "It goes to what's bugging us all," he says. "We've got housing on our minds in every respect. It goes to the worry that the boom and now the subsequent bust were driven by a lot of things, [including] lots of things that might not be completely aboveboard. People don't just trust how we got into this mess, and they want to make sure the people we're voting for are completely aboveboard."
Like a lot of voters who are generally skeptical about politicians, I'm never sure that any of them are completely aboveboard. But I'm hardly surprised that, over the last decade, they made some questionable decisions when it came to their homes. If the housing bust has made anything clear, it's that many members of the populace they hope to govern made some pretty shaky decisions, too.
Daniel McGinn is a national correspondent at NEWSWEEK and the author of " House Lust: Americas Obsession with our Homes "
© 2008
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