Archive for June, 2011

Blogging for Liberty: ACORN, Voter Fraud, and the Big “O”

ACORN — the Association of Community Organizations for Reform Now — has been around since 1970 and boasts 350,000 members. Yes,  this shady outfit that uses government dollars to lobby for larger government has been pushing statist over the finish line in elections all over the country.

Acorn uses various affiliated organizations to agitate for “a living wage,” for “affordable housing,” for “tax justice” and union and environmental goals, as well as against school choice and welfare reform (besides being a proud sponsor of voter fraud. But it didn’t stop there. ACORN, in conjunction with powerful statists in the Democrat party, was a major contributor to the subprime meltdown by pushing lenders to make home loans to people based on the color of their skin by conducting “strikes” against banks so the backs would be cowered into lowering credit standards.

But ACORN’s, and the Democrats,  real genius is getting American taxpayers to foot the bill for all this subversion. According to a 2006 report from the Employment Policies Institute (EPI), ACORN has been given federal dollars since 1977. Don’t believe me? Well, for instance, ACORN’s American Institute for Social Justice RECEIVED $240,000 in federal tax money between fiscal years 2002 and 2003.

All this money gives ACORN and the Democratic party the ability to elect liberals, and is boasting that it has put 1.3 million new voters on the rolls in 2008. The big question is how many of these registrations are real. For example, ACORN routinely engages in voter fraud by making voters up or registering people that are in prison.

Still don’t believe me? Well, in Lake County, Indiana, they found more than 2,100 bogus applications among the 5,000 ACORN dumped on the polling places right before the deadline. “All the signatures looked exactly the same,” said Ruthann Hoagland, of the county election board. In Bridgeport, Connecticut estimates are that about 20% of ACORN’s registrations were “defective.”. And the city of Houston rejected or put on hold about 40% of the 27,000 registration cards submitted by the little Democrat-backed and tax payer funded ACORN.

Historically it is the same story. In 2004,  four ACORN employees were indicted in Ohio for submitting false voter registrations. In 2005, two Colorado ACORN workers were found to have submitted false  voter registrations.  In 2006, four ACORN Missouri employees were indicted for voter fraud; and in 2007, five ACORN workers were found guilty in Washington state for filling out voter registration forms with names from a phone book.

Mr. Obama, has always been at ACORN’s side. In 1992 Obama led voter registration efforts as the director of Project Vote, and ACORN was a significant part of that effort. If that were not enough, Mr. Obama also worked as a lawyer for ACORN in 1995, in a case against Illinois to increase “minority” access to the polls.

During Mr. Obama tenure on the board of Chicago’s Woods Fund,  more than $200,000 was awarded ACORN. During the 2008 election, the Obama campaign paid $832,000 to an ACORN affiliate.  When asked about these funds the campaign initially told the Federal Election Commission the money paid for “staging, sound, lighting.” The Obama campaign later admitted the cash was paid to get out the vote.

The following is an October, 2008, article by The New York Post:

O’jahnae Smith is ready and registered to vote this November.

There’s only one problem: She’s 7 years old.

The Connecticut girl is 11 years too young – and nobody in her family knows how she ended up on a voter registration form submitted by ACORN, the Association of Community Organizations for Reform Now.

“She’s registered to vote?” said a surprised Jerome Smith, O’jahnae’s teenage brother. “She’s too young to vote.”

But that didn’t stop someone from forging the child’s signature on a voter registration card and giving her a fake birth date that upped her age to 27. The family told The Post a drug-addicted relative may have given the bogus card to ACORN.

Voter registration fraud complaints like these continue to mount for the group, already under scrutiny in 11 states where hundreds, if not thousands, of new registrations are being questioned.

ACORN volunteers have been found to register dead people and even put members of the Dallas Cowboys on Nevada lists.

The community organizing group has a long history of flooding low- and middle-income neighborhoods in election years with temporary workers instructed to register 20 to 25 voters per day – or risk getting fired.

Most states prohibit paying per signature, but ACORN workers earning $8 to $9 an hour still have to hit their quotas. And many need the money – including some ex-cons in work-release programs.

ACORN’s controversial tactics have fueled John McCain’s criticism of Barack Obama, whose campaign paid an ACORN spinoff – Community Services Inc. – about $800,000 to knock on doors and urge people to vote for Obama in four key primary states: Indiana, Ohio, Pennsylvania and Texas.

In his pre-politics days, Obama ran the Illinois chapter of Project Vote in 1992, before it hooked up with ACORN.

McCain campaign manager Rick Davis on Friday called for a freeze on taxpayer dollars to ACORN until recent allegations have been investigated.

Meanwhile, state authorities in New Mexico, Indiana, Missouri, Connecticut, Ohio, Florida, Wisconsin, Michigan, Pennsylvania, North Carolina and Nevada have launched probes of bogus voter registration forms filed by ACORN.

Roberta Casteel, a nurse, is one of several dozen Nevada voters caught in the web of fake ACORN registrations. Casteel, a registered voter since 1991, was shocked to receive a letter rejecting a voter application she didn’t know she’d made.

Authorities said they’d received two voter applications in her name: one as a Democrat and one as an independent. Both cards had her address, date of birth and Social Security number, and were submitted by ACORN workers. Neither signature matched her original one on file.

A former ACORN worker in Pennsylvania has already been charged with 17 counts of identity theft and forgery.

Other states are sifting through cartons of suspicious forms.

The ACORN shenanigans likely won’t rise to actual voting fraud, stressed election law expert Terri Enns at Ohio State University.

“ACORN’s problematic registrations create extra work for election boards, because they have to check them, but it’s not double voting,” she said.

Freedom is under attack like never before!

JRD

Blogging for Liberty: Here is an excellent 2008 article about Fannie Maeby Macauleysworld about Obama and Fannie Mae

Obama’s Million Dollar Men From Fannie Mae – Who Are Franklin Raines, Tim Howard and Jim Johnson – How Big Were The Golden Parachutes


September 18, 2008 by mcauleysworld

Obama talks about greed on Wall Street – making those responsible account for their activities.

Is that so? How about the Wall Street Big Shots Obama hired to work on his campaign – the very same big shots who brought Fannie Mae Down.

Franklin Raines was a Chairman and Chief Executive Officer at Fannie Mae. He served as President Bill Clinton’s Budget Director. Raines was forced to retire from his position with Fannie Mae  when auditing discovered severe irregulaties in Fannie Mae’s accounting activities. At the time of his departure The Wall Street Journal noted, “ Raines, who long defended the company’s accounting despite mounting evidence that it wasn’t proper, issued a statement late Tuesday conceding that “mistakes were made” and saying he would assume responsibility as he had earlier promised. News reports indicate the company was under growing pressure from regulators to shake up its management in the wake of findings that the company’s books ran afoul of generally accepted accounting principles for four years.”

Raines left with a “golden parachute valued at $240 Million in benefits. The Goverment filed suit against Raines when the depth of the acounting scandel became clear.

These charges were made in 2006.

The Government noted, “The 101 charges reveal how the individuals improperly manipulated earnings to maximize their bonuses, while knowingly neglecting accounting systems and internal controls, misapplying over twenty accounting principles and misleading the regulator and the public. The Notice explains how they submitted six years of misleading and inaccurate accounting statements and inaccurate capital reports that enabled them to grow Fannie Mae in an unsafe and unsound manner.”

The Court ordered Raines to return $50 Million Dollars he received in bonuses based on the mis-stated Fannie Mae profits. WHERE IS RAINES NOWRaines works for the Obama Campaign as Chief Economic Advisor.

Tim Howard –  Was the Chief Financial Officer of Fannie Mae. Howard, “was a strong internal proponent of using accounting strategies that would ensure a “stable pattern of earnings” at Fannie. In everyday English – he was cooking the books.

The Government Investigation determined that,  “Chief Financial Officer, Tim Howard, failed to provide adequate oversight to key control and reporting functions within Fannie Mae,”

On June 16, 2006, Rep. Richard Baker, R-La., asked the Justice Department to investigate his allegations that two former Fannie Mae executives lied to Congress in October 2004 when they denied manipulating the mortgage-finance giant’s income statement to achieve management pay bonuses.

Investigations by federal regulators and the company’s board of directors since concluded that management did manipulate 1998 earnings to trigger bonuses. Raines and Howard resigned under pressure in late 2004.

Howard’s Golden Parachute was estimated at $20 million.

Where is Howard now? Howard is a Chief Economic Advisor to Barack Obama.

Jim Johnson: A former aid to Walter Mondale, a former executive at Goldman Sachs and Lehman Brothers and who was later forced from his position as Fannie Mae CEO, was hired as a Senior Obama Finance Advisor. Johnson is so senior that he was selected to run Obama’s Vice Presidential Search Committee, the Committee that selected Joe Biden.

The National Review suggested – “Look at the former Fannie Mae Chief Obama choose for the job (selecting Biden). …. specifically, look at the Office of Federal Housing Enterprise Oversight’s May 2006 report on mismanagement and corruption inside Fannie Mae, and you’ll see some interesting things about Johnson.

Investigators found that Fannie Mae had hidden a substantial amount of Johnson’s 1998 compensation from the public, reporting that it was between $6 million and $7 million when it fact it was $21 million.”

Now, this might seem the sort of inside-Washington dealing that Obama says he wants to change. If so, Obama will have Johnson himself there to help.

It is ironic that the National Review would have made that comment. Obama gave a speech Monday to Wall Street Bankers addressing the Finacial Crisis where he called for,  ”reappraisal of values.” and stated “”The danger with this mentality isn’t just that it offends our morals, it’s that it endangers our markets,”. Obama’s Speech Writer – Jim Johnson.

http://www.youtube.com/watch?v=IRSnirhs8WE

This revelation contradicts earlier reports that Johnson had left the Campaign when he came under investigation for taking illegal loans from Country Wide Financial while serving as CEO at Fannie Mae.

On September 9, 2008, Obama critized “Golden Parachute” payments to Fannie Mae executives. Jim John’s parachute at the time he left Fannie Mae was estimated at $28 Million

WATCH BANKING COMMITTEE CHAIRMAN BARNEY FRANK SAY, “FANNIE IS FINE – THERE IS NO PROBLEM” http://www.foxnews.com/video-search/m/21012738/mortgage_meltdown_timeline.htm?q=financial+mess+timeline

The following Articles describe the role of “political ideology” in the Financial Crisis – How Politics fueled the crisis:

Professor Stan Liebowitz: The Real Scandal –http://www.nypost.com/seven/02052008/postopinion/opedcolumnists/the_real_scandal_243911.htm?page=0

Professor Thomas J DiLorenzo: The CRA Scam and its Defenders:http://www.mises.org/story/2963

John R Lott, Jr : Analysis – Reckless Mortgages Brought Financial Market To Its Knees http://www.foxnews.com/story/0,2933,424945,00.html

http://www.youtube.com/watch?v=_MGT_cSi7Rs

 

Who Are Franklin Raines  Tim Howard and Jim Johnson 2008?

Posted on October 1, 2008 by Texas Hill Country

These are the 3 guys that took down wall street as bigwigs at Fannie/Freddie…  and guess where they are now?

They are Obama advisors.

franklin Raines was a Chairman and Chief Executive Officer at Fannie Mae. He served as President Bill Clinton’s Budget Director. Raines was forced to retire from his position with Fannie Mae  when auditing discovered severe irregulaties in Fannie Mae’s accounting activities. At the time of his departure The Wall Street Journal noted, “ Raines, who long defended the company’s accounting despite mounting evidence that it wasn’t proper, issued a statement late Tuesday conceding that “mistakes were made” and saying he would assume responsibility as he had earlier promised. News reports indicate the company was under growing pressure from regulators to shake up its management in the wake of findings that the company’s books ran afoul of generally accepted accounting principles for four years.”

 

 

 

 

Blogging for Liberty: Fannie Mae’s Top Executives Left the Firm

Fannie Mae’s Top Executives Left the Firm in Shambles

Raines, Howard Are Out Under Pressure

The Washington Post reported that during his 2008 campaign, Obama’s office phoned Fannie Mae’s  Franklin Raines  for housing advice (and the WP has stood by its reporting).  Move along! nothing to see here (yea, right)!

Franklin D. Raines stepped down December 22, 2004 as chairman and chief executive of Fannie Mae, as the company’s directors ended days of tense and emotional deliberations and bowed to pressure from regulators who wanted him out.

 


 

Franklin D. Raines

 

 

J. Timothy Howard, the company’s chief financial officer, also LEFT SOON AFTER. Howard, 56, joined Fannie Mae in 1982 and had served as chief financial officer since 1990, and in that position oversaw Fannie’s accounting.

Raines’s departure was CALLED an early retirement. HOWARD JUST PLAIN RESIGNED.

Their departures came less than a week after the Securities and Exchange Commission directed the giant mortgage company to correct its illegal accounting.  Fannie Mae stands behind or owned a quarter of the nation’s mortgages and  faced a criminal investigation by the Justice Department, and a class-action lawsuits by investors.  In addition, Fannie’s board hired outside lawyers to investigate the companies shady accounting.

The government-sponsored company has been on the defensive since September, when it was discovered that Fannie Mae had systematically manipulated accounting estimates, ignored accounting requirements it had lobbied unsuccessfully against and operated with weak internal controls that helped obscure its  other financial problems.

Raines, 55, is one of the most prominent African Americans in corporate America, and a darling of the Democrats. He rose from a  welfare family to become a Rhodes scholar, president of the Harvard University Board of Overseers, director of the Office of Management and Budget under President Bill Clinton and a leader of the Washington business community. Yes, he has a pedigree not unlike Obama. His remuneration in 2003, including $3 million in stock options, totaled about $20 million.

In a statement, Raines said: “I previously stated that I would hold myself accountable if the SEC determined that significant mistakes were made in the Company’s accounting. Although, to my knowledge, the Company has always made good faith efforts to get its accounting right, the SEC has determined that mistakes were made. By my early retirement, I have held myself accountable.”

ALTHOUGH it was not obvious at the time, Raines’s downfall began in early 2003, when Fannie Mae’s sister organization, Freddie Mac, disclosed that it had made billions of dollars in accounting errors. Apparently, Freddie Mac executives had gone to elaborate lengths to “cook the books” in order to make its earnings growth appear smooth.

At a congressional hearing in October, Raines pointed to the SEC as the authority on accounting matters and pinned his hopes on a favorable decision from the agency. Last week, the SEC’s top accountant sided with OFHEO on questions of accounting policy, saying that instead of following the requirements, “Fannie Mae internally developed its own unique methodology.”

Fannie Mae had debts to bondholders of $957 billion, equal to about a fifth of the publicly held portion of the U.S. national debt. In addition, the company guaranteed principal and interest payments on $1.9 trillion of mortgage-backed securities.

Established in the 1930s as part of a socialist dream during the Great Depression, Fannie borrows money by issuing bonds and uses that money to buy mortgages from lenders, thereby giving the lenders cash to issue more loans. Fannie also packages mortgages into securities, attaching the company’s guarantee that it will pay investors the principal and interest on the loans if the borrowers default.

Raines was a spokesman for the  Business Roundtable, a group of CEOs of many of the nation’s largest corporations.  Raines even led a task force that publicly criticized executives who shirked responsibility for illegalities within their organizations, but like a true Democrat it was all a show.

JRD

 

 

Blogging for Liberty: Over 75 Years of Indoctrination and Running!

When I was on staff at one of the local hospitals, one of the surgeons told me the following story:

In high school he was one of the debate champions for his state, and at one debate he was assigned the liberal point of view regarding Welfare. Now, this liberal position was not his, but being a consummate debater he argued the point with zeal and won the contest.

He told me that after the debate was over he was approached by several men who were so impressed by his ability to further the liberal argument that they offered to pay for his tuition to any University in the country. Erroneously believing that he too was a liberal,  they told him they needed more people with his point of view in America.  The scholarship they were offering had a stipulation, and that stipulation was he had to be in one of 3 different fields of study; journalism, teaching, or political science.  He was very thankful, and said that he would gladly accept the scholarship, but he wanted to become a physician.  The gentleman said that the scholarship would only apply to the 3 fields of study, and they would not sponsor anything else.

Obviously, he turned them down, got an army scholarship instead, and became a surgeon, but this was in 1948! Make no mistake about it,  statists have been stacking the deck with like-minded people in positions to change the government for over 75 years!

Sounding a little too conspiratorial to you? Well then, look at school teachers, college professor’s, the media, and most career politicians/lawyers, and tell me why the statists philosophy is prominent in over 80% of these people!

Even in the private school that my children attend,  the statist educators try to indoctrinate my children with all the statist sophistry including the current hoax on global warming, over population, and the belief that capitalism is inherently evil.  Inherently evil? Can you say “projection.”

The Democrats have targeted young people, knowing how easy it is to program their minds. Unfortunately, this ploy has been used before as evidenced by the hysteria during the Vietnam era, which was brought about through Marxist propaganda underlying the so-called peace movement. The radicals of that era were successful in turning the minds of our American youth and giving the communists power to slaughter 2.5 million people in Cambodia and South Vietnam. Did this Marxists and their “useful idiots”  stop the war, or did theyjust turn their backs on all the horror and suffering they helped create when they moved Uncle Sam to walk away?

JRD

 

 

Blogging for Liberty: Unions Punish Exceptualism

You may know a similar tale, but my high school coach used to tell a story about one summer when he was between college semesters.  He told me that when he was playing ball for a small college in the South he worked one summer in a sawmill to try to earn money to make ends meet. He was so happy to have the job that he was overly enthusiastic and energetic (he seemed to be naturally that way all the time, but I digress).

Anyway, he said that after about a week of working at the saw mill, some union thugs came up to him and asked him what he was doing.  He thought, erroneously, that he was not doing enough; so, he immediately started working harder. However,  to his surprise, the union thugs came up to him a second time and told him that if he did not stop working so hard, then there were going to break his legs (because he is making the other workers look bad).

This type of story is commonplace and exemplifies one of the major problems with any and all systems that do away competition. Without competition effort is thwarted by envy every time (even in the saw mills of the South).

JRD

 

Blogging for Liberty: McCain Stood With ACORN

On Feb. 20, 2006, Sen. John McCain happily accepted the honors and acclamation of the Service Employees International Union (SEIU), People for the American Way, UNITE HERE,  and ACORN.

Yes, good old John told immigration rights activists at a rally in Miami  that they “are what makes America special.” ACORN co-sponsored the rally, and its volunteers surrounded McCain, but while there’s no evidence that McCain ever formally teamed with the group, the video below serves as a reminder that he did not mind being associated with them when the politics of the moment were different.

http://www.youtube.com/watch?v=oJ9wy2MI1NI

Blogging for Liberty: Voter Fraud, LBJ, “The Duke of Duval”, and the Big “O”

Lyndon  B. Johnson  (LBJ) earned the nickname “Landslide Lyndon”  or “Ballot box Johnson” in 1948  when he became a U.S. Senator from Texas on the strength of 87 questionable votes. However, most of us knew Lyndon Banes Johnson as “LBJ” — the tall man with the Texas accent who reluctantly assumed the responsibilities as the 46th president of the United States following the assasination of John Kennedy. Not many of us knew who Lyndon Johnson was before he was placed on the Kennedy presidential ticket in 1960, and as far as most of us knew,  he was simply a senator from Texas.

The setting for the saga of LBJ was South Texas.  The key player was George Parr, “The Duke of Duval,” the boss of the South Texas political machine, and the man called patrón by the Chicano people.

The “Duke of Duval County,” George Parr

Through a powerful network of alliances, George Parr controlled politics in 15 South Texas counties and wielded influence at the state capital and in Washington.  He also exercised considerable power over economic development in his realm, controlling banks and exacting high tax levies.


Parr  controlled the votes in southern Texas, and  of course, there was a price for Parr’s support. Six days after the polls had closed, the winner for Texas Senator was still not decided, but  miraculously, in the district of Alice, Texas, 202 additional votes suddenly appeared in the Precinct 13 voting box. All but 2 of these were cast for Lyndon Johnson. To make matters worse, these 202 names appeared to be added to the list, were in alphabetical order, were in the same handwriting and written with the same ink. When the final results were in that day, with some minor changes in a few other precincts statewide, Johnson went ahead by eighty-seven votes.

George Parr, (second from the left) sufficiently paid by Johnson’s camp,  delivered the Senatorial election to Johnson

A happy "Lyin" Lyndon is sworn in as U.S. Senator on January 3, 1949.

A happy Lyndon is sworn in as U.S. Senator on January 3, 1949

Fast forward 12 years. During the Presidential election of  1960,  Kennedy benefited from voter fraud, especially in Texas and Illinois, as well as in nine other states.  These two states are particularly important because if Nixon had carried both, he would have won the election. Some journalists also later claimed that the Chicago crime syndicate played a role in Kennedy’s victory in Illinois. By-the-way, Kennedy was both the last Northern Democrat and sitting United States senator to win the presidency until Obama. Make no mistake about it, Illinois or not, Johnson, with help from Parr, delivered Texas to Kennedy.

Now, their are those who believed Johnson was also behind Kennedy’s assassination, but I am not one of those; however, LBJ took the opportunity to put in place a statist juggernaut that has throttled this country ever since.

In 1969 LBJ ended his one term as an elected President, and he died 1973. Two years later so did The Duke;  however, just months before the Duke would have been convicted of a multitude of sins, he committed suicide. Yes,  Parr chose to end his own life rather than live out his days behind bars.

But what can we learn from all this? Well, for all you mystics Karma may be real, but LBJ was never rebuked for his sponsoring of voter fraud, and we the people had to endure one of the worst presidents of all time, and Parr help launch one of the most destructive statist politicians the U.S. had ever seen.

I guess it looks like LBJ is going to come in a distant second to the big O, but make no mistake about it, the big O’s machine will make the voter fraud of the Duke and LBJ look like guppy in a sea of sharks.

JRD

 

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