Ahrcanum

According to the NY Times, Obama is expected to announce in the next few days that he raised more than $100 million in September, a figure that would shatter fund-raising records!  Read that again, he raised $100 million is September.  September alone!

So much for our economy being in the crapper, eh?

Barrack Hussein Obama raised $100 million dollars in donations during the same time Bernanke and Bush preached about how to halt the mortgage lending crisis, and  that led to how to spend the $700 Billion dollars and reform regulatory issues.  The American public hears about how Democrats and Republicans up on Capitol Hill are coming together to work in every one’s best interest.  In a bipartisan effort, our government is trying to help support those hit the hardest in the housing slump and mortgage meltdown–to the tune of, you got it, $100 million.  Only $100 million?  

The Washington Post reports http://www.washingtonpost.com/wp-dyn/content/article/2008/04/02/AR2008040202293.html?nav=rss_politics   that ” Families who cannot afford to repay their home loans — the group at the heart of the mortgage meltdown — would benefit mainly from $100 million to expand foreclosure counseling services and greater latitude for local housing authorities to use tax-exempt bonds in refinancing sub-prime loans.”  You got it, Counseling.  A good talking to, to remind you to never borrow more than you can afford.  COUNSELING!

http://www.hud.gov/news/releases/pr07-144a.pdf   lists national, regional, state, and local housing counseling grantees for fiscal year 2007–all of whom presumably were in operation when sub-prime borrowers got into this current economic fiasco.  The office of HUD- Housing Urban Development provides funds for counseling, groups like, ACORN, La Raza, AARP and hundreds of others.  Isn’t that special?  ACORN?  Yep, the same ACORN that registers Mickey Mouse in an election year.  The same ACORN partly responsible for making “liar loans” .

So maybe the job of congress isn’t to bailout people who took loans they knew they could never afford in the first place but if this bill was supposed to help people stay in their homes it missed by a long shot.  The next bipartisan bill had better provide counseling for the of thousands of people who are about to be homeless.  Earmarking $100 million is like flea on a camel’s ass. 

http://www.fec.gov/pages/brochures/contriblimits.shtml outlines how much money an individual can contribute to a candidate.  In the case of individual donations, the amount is set at $2300.  Seems a lot of folks have money to spare and donate to a candidate while people are loosing their homes and seeing their money disappear before their eyes in the stock market.

Open Secrets http://www.opensecrets.org/pres08/select.php?ind=F07 lists more than $10 million dollars in contributions from the securities industry going to Obama.  To all federal candidates for president and Congress, and to political parties, the securities and investment industries have contributed more than $101 million in the 2008 election cycle, 56 percent of it to Democrats.  Check it out! 

This table lists the top donors to this candidate in the 2008 election cycle. The organizations themselves did not donate , rather the money came from the organization’s PAC, its individual members or employees or owners, and those individuals’ immediate families.   The money is bundled together to indicate contributions can come from the organization’s members or employees (and their families). The organization may support one candidate, or hedge its bets by supporting multiple candidates. 

http://www.opensecrets.org/pres08/index.php?cycle=2008&type=CD shows Obama having 80 million dollars more in cash on hand while McCain has less than half that.  If you think you’ve heard everything Obama has to say, you are wrong.  He is going to spend that $80 million every imaginable way to get your vote, including the purchasing prime time network TV so he can continue to spew his platform of change.  I hope he tells us why in this crappy economy he has a better solution than providing $100 million for counselling to help people stay in their homes.  Oh that’s right, we already know Obama’s solution to economic crisis–  he’s going to spread the wealth of Joe the Plumber and everyone like him to fix it all.  Shame, shame on Obama and Congress too in appropriating our tax dollars for Counseling.

Fasten your seat belts and stay in the upright and seated position, it’s going to be a rocky ride.

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