(The Politico) The ACORN issue is off the table.
After several days of rage from conservative activists regarding a provision in the bailout bill that would send some of the profits from the sale of distressed assets the goverment buys into an affordable housing trust fund, congressional negotiators have removed section 105(d) of the bailout proposal, according to aides on both side.
ACORN, a Democratic ally, was not specifically directed any funds in the previous proposal, but money that went to state and local governments could then have been divvied out to the organization, which the GOP said was a deal breaker. Fevered opposition to the provision had become a viral sensation.
It appears that, with the removal of the affordable housing trust fund, all of the proceeds from the sale of assets will now go to retire the debt.
The revised version of the bill drops the housing trust fund, a source of possible abuse, and includes insurance against taxpayer losses making it look to be a significantly stronger plan than the first version announced last week before House Republicans had signed on.
If we were a truly Christian nation there wouldn't be a single person allowed to live in poverty....
For some reason too many "Christian" Republicans in America take the Pharisee's side and concentrate on helping the moneychangers rather than the poor.
Funny, I see the moneychangers are the guys trying to redistribute some elses money. You know because its 'fair'.