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Democrats Try to Use Bailout Bill to Fund Commies

Discussion in 'Uncategorized Threads' started by JBrooks, Sep 26, 2008.

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  1. JBrooks

    JBrooks TS Member

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    SEction 105(d)

    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.


    The Housing Trust Fund and the Capital Magnet Fund are both slush funds from which grants are made to groups like ACORN. Don't know what ACORN is? Google it.
     
  2. recurvyarcher

    recurvyarcher Well-Known Member

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    Pushes for the Housing Trust Fund also came from the Labor Unions, because they wanted housing for their workers, and because the houses are built, electrified, and plumbing put in by Union Employees.
     
  3. shotgunfun

    shotgunfun TS Member

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    Good Grief..........can't they put a bill together without a special interest attached to it, just once?

    UGH

    I must say I am very frustrated tonight
     
  4. slide action

    slide action Well-Known Member

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    shotgunfun, In a word --NO!!!!
     
  5. halfmile

    halfmile Well-Known Member

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    Serious problem....need to act immediately.....urgent.....

    So they try to pork it up.

    We are doomed.

    HM
     
  6. Dove Commander

    Dove Commander TS Member

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    Isn't that next to treason? If not, it should be. Remember this when you vote.
     
  7. bigdogtx

    bigdogtx Well-Known Member

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    They always try to get their crap "snuck" (if that is an actual word) in on other bills. Makes it so BIG that most don't read the bill before voting on it and the President can't cross off the crap. It would be nice if our presidents had this option, yes all of them. Then if what ever they were trying to sneak in was so good, they could override it.

    They are almost ALL sneaky BSTRDS!!!
     
  8. Dove Commander

    Dove Commander TS Member

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    McCain is kicking Barry's butt. Barry has no experience or facts. It really shows. He really sucks without a prompter
     
  9. grnberetcj

    grnberetcj Active Member

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    2str8 been into the U cakes again....

    Curt

    and nobody wins debates...just ask each side.
     
  10. ou.3200

    ou.3200 Well-Known Member

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    It is a shame what has happened to the Democratic Party. Their standard bearers of the 50s and 60s such as Harry Truman and John F. Kennedy would be considered ultra conservatives by the news media standard of today. In the 50s and 60s todays left wing of the Democratic Party would have been considered subversive at best now they are couched as mainstream. Unfortunately the Democratic Party has been taken over by the left wing and they continually slip their socialist programs into any bill they think will be approved regardless of the socialist content. The younger generation has been conditioned to accept this distorted view of what America should be as shown by some of the posts on this site. This may be a watershed election. While McCain is not the most conservative candidate to come along, Obama is the most left leaning (read socialist) Senator in the U. S. Senate. The election of Obama will set into motion a turn to the left that may not be reversible. Get out and vote especially in the House of Representative and Senate races. Throw out all those who support putting this nonsense into legislation.
     
  11. Dove Commander

    Dove Commander TS Member

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    "I'm going to cut taxes"..."I'm want make health care available to everyone"..."We need the troops out of Iraq"..."We need more troops in Afghanistan". And, McCain definitely showed his superior knowledge of world affairs and the working relationship with other countries. He talked facts, Barry talked out of his butt. Thought Reagan was an actor? Barry should get a Emmy for his "act" last night.
     
  12. ou.3200

    ou.3200 Well-Known Member

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    Fox is reporting on the money for ACORN and that it is still in the bill. What a bunch of disingenuous jerks. The banking system is melting down and they are throwing in provisions to take care of their socialist buddies.
     
  13. bobdog

    bobdog Active Member

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    These people do not deserve reelection. They certainly do not represent the American people any longer.
     
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