Given that the bailout bill is largely agreed upon as a necessary "crap sandwich" that "sucks," it is worth noting that conservative outrage did succeed in stripping the most egregious pork from the bill- funds in an "affordable housing trust fund" that could have gone to Democrat-allied and often nefarious advocacy groups like ACORN.
All possible proceeds from the sale of these toxic assets will now go toward the national debt, not to affordable housing groups that pressure politicians to pressure banks to offer risky loans to low-income families, so those families can get into mortgages they can't afford. Hmmm, doesn't that sound familiar?
Unhappy with the revocation of another round of gorging at the government teat, ACORN is releasing angry press releases, which is at least one reason to smile:
"Members of Congress worked tirelessly over the weekend to rid Wall Street of its toxic assets, which are responsible for the worst financial crisis since the 1930s. Unfortunately, families who fell victim to Wall Street's toxic lending practices and now risk losing their homes were largely left out. ACORN members are extremely disappointed that the bailout package does little to assist these homeowners, such as providing them relief through the bankruptcy courts.
Although weak, there is language in the bailout package authorizing Treasury Secretary Henry Paulson to facilitate more loan modifications. ACORN members plan to hold Secretary Paulson accountable and ensure he uses this authority to make streamlined loan modifications a priority for struggling American families."
ACORN will undoubtedly mobilize all of the dead people, cartoon characters, pets, historical figures, and illegal immigrants it has registered to vote in order to achieve this goal.
