Tuesday, October 07, 2008

Planting Seeds of Housing Disaster ACORN, Barack Obama, and the Democratic Party

The National Review reports:
‘You’ve got only a couple thousand bucks in the bank. Your job pays you dog-food wages. Your credit history has been bent, stapled, and mutilated. You declared bankruptcy in 1989. Don’t despair: You can still buy a house.” So began an April 1995 article in the Chicago Sun-Times that went on to direct prospective home-buyers fitting this profile to a group of far-left “community organizers” called ACORN, for assistance. In retrospect, of course, encouraging customers like this to buy homes seems little short of madness.
Obama and ACORN promoters of unsound market principles.You'll want to read this one.