Will the financial reform bill fund the next ACORN?
President Obama continues to encourage putting more of the United States economy under the government’s thumb.
Next on the list: creating an unaccountable slush fund to support “community organizing groups” like the notorious ACORN. (You may be aware that ACORN is reorganizing under new names. They are not out of business.) The 1,336 page financial reform bill currently in the Senate would create a new agency, the Consumer Financial Protection Bureau, with the power to regulate virtually any business transaction. The law will also create an office to partner with the same activist groups that caused the subprime mortgage meltdown.
This unaccountable, uncontrollable government bureaucracy will have huge powers over the American economy, thanks to its sweeping authority and bloated $400 million budget.
After numerous ACORN employees were caught in a child prostitution sting last year, it looked like the infamous group had finally met its end. Republicans in Congress moved to cut off any government funding for ACORN, and the group announced it was shutting its doors. But with the prospect of the new “Consumer Protection” slush-fund, ACORN employees are opening new organizations under different names, quietly getting ready to return to business as usual.
Data & Story Provided by FinancialReformScam.com