Posted by Scott Malensek on 26 September, 2008 at 5:42 am. 11 comments already!


Well well well…imagine everyone’s surprise when we found out last night that Congressional Democrats tried to use the emergency financial bailout bill to fund illegal voter registration groups as a means of keeping them in power. Gosh, who would ever have imagined such a culture of corruption in the Democrats’ Congress?

Apparently it was not Senator McCain and the infusion of presidential campaign politics into the debate over the financial bailout bill which caused the uproar last night. Nope. It seems the Democrats wanted 20% of any profit made by this grant to go to the very groups that time and time again turn out to be corrupt tools for voter fraud. Both parties have examples of voter fraud, but only one tried to take a financial “Pearl Harbor”, the worst financial crisis in the history of mankind, the biggest crash since the Depression…and use it for partisan advantage.

Senator Lindsey Graham pointed it out last night.

Doubt him? Is he making a partisan claim? Well, here’s the section of the bill:

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.

The Housing Trust Fund is a way of funding ACORN, La Raza, and other groups that time and again are caught doing voter fraud operations for the Democrats. Republicans have voter fraud as well, but they didn’t infuse it into law, a law meant to prevent a massive American and world crisis. Democrats did. Then they lied and claimed that it was Sen McCain (who said almost nothing last night in a leadership meeting at the White House) who prevented the bill from becoming law. Their hypocrisy knows no bounds.
ht Hot Air

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