[Iowa_Flames_Fan]

Originally Posted by Azure

And the reason they should get bailout money is.....?

And Obama was involved. Again, you're trying to deflect blame. Bush made a lot of mistakes, including the initial auto bailout, but he isn't in a position to fix anything. Obama is.

No its not. The fact that Obama played 'dumb'....when the news came out speaks volumes about the mistake.

And then to blame AIG for paying out the bonuses....and wanting to force them to give it back through taxes, a very well placed deflection from the bigger problem at hand. Government mismanagement and incompetance.

I don't care who was in charge.

Obama was "involved" in some mysterious way prior to even being sworn in? We're in tinfoil hat territory here. I don't pretend to know why ACORN should receive bailout money--nor do I know for a fact that they did other than your say-so. I do know that ACORN isn't what you think it is--it certainly is not what the right-wing hot-air-o-sphere claimed during the election--nor are Obama's ties to that organization anything like as damning as they claim.

More importantly, if they receive bailout money, it's only because state and local governments choose to send it to them. Note the following language from the relevant bill:

TRANSFER OF A PERCENTAGE OF PROFITS.

DEPOSITS. Not less than 20 percent of any profit realized on the sale of each troubled asset purchased under this Act shall be deposited as provided in paragraph (2).

USE OF DEPOSITS. Of the amount referred to in paragraph (1) 65 percent shall be deposited into the Housing Trust Fund established under section 1338 of the Federal Housing Enterprises Regulatory Reform Act of 1992 (12 U.S.C. 4568); and 35 percent shall be deposited into the Capital Magnet Fund established under section 1339 of that Act (12 U.S.C. 4569).

REMAINDER DEPOSITED IN THE TREASURY. All amounts remaining after payments under paragraph (1) shall be paid into the General Fund of the Treasury for reduction of the public debt.

http://www.politico.com/blogs/thecry...pposition.html

That's the language that Republicans claim means "bailout money to Acorn." Figure it out if you can--I can't.


Also--note the date: September 27, 2008. It's bad enough that you want to blame him for things that happened prior to his being sworn in--but for this ACORN issue... Obama wasn't even elected yet! Can we seriously claim that he was "involved" before he even won the election?!