We've heard this tune before

I don't know about the neo-nazis I never read their stuff, but the far left anti-semitism is certainly on the rise, encouraged by the huge growth of the USA's Muslim population, which now exceeds the Jewish population. Yes, remember this from the 1930s? Or at least the history books we used to have--it's probably all been revised. It's all the fault of those "Jewish bankers." I tell you, folks, you're buying into a package here with Team Obama and his leftist handlers. The left can always find a reason to blame the Jews and especially our ally Israel.

Store here.

How people you didn't elect control everything you do

This is just one. The Western Climate Initiative. There are many out there--mostly under the umbrella of global warming, which now includes health, safety, education, social engineering, and got its fair share of pork in the new bailout.

The Western Climate Initiative would establish a regional market to trade carbon emissions credits, allowing industries that emit greenhouse gases to buy and sell credits for their emissions. The goal is to cut the region's carbon emissions to below 2005 levels by 2020, a roughly 15 percent reduction. [I read 25% by 2020.]

The initiative, proposed Tuesday by seven western states and four Canadian provinces, covers more polluters than other regional plans adopted in the United States, Canada and Europe. [Yahoo News, AP story.] I would have copied from the WCI document, but couldn't--it's more scary in the "real" language.

I think I see hundreds of these a week--architects, engineers and the building trades are wetting themselves, they are so eager to build green, and by that I don't mean environmental--I mean $$$$. If you see a really ugly building that looks like a box of blocks attached with velcro and tin foil, betcha it's "green."

Cap and trade covers electricity, natural gas and heating fuels emissions as well as industrial emissions and transportation emissions. In short, just about everything that makes our world pleasant and easy and comfortable for us. It doesn't cover hot air by politicians and Al Gore.

Faith Votes Columbus

is funded by National Industrial Areas Foundation, a Chicago-based community organizing network established in 1940 by Saul Alinsky. IAF provides training and consultation, furnishes organizers, and develops national strategy for its affiliated broad-based community organizations [i.e., community organizers--like Jesus]. You can follow the interview of a Faith Votes worker who was picking up, taking to registration and telling homeless voters to vote for Barack Obama at this video. I think it is the third interview on the tape that shows the illegal behavior.

Saul Alinsky was an American marxist who died in 1972. His son is proud that his father's handiwork footprint was so visible at the recent Democratic convention, and on Obama. Sen. Clinton was also one of his disciples. Clinton actually knew Alinsky; Obama did not--too young. He just taught from his marxist playbook being one of the best and brightest of those trained by the IAF--certainly light years ahead of the woman interviewed on this tape who needs to go back for a bit more training in how to talk to the press!

We own Fannie and Fred, let's investigate

"Now that Fannie Mae and Freddie Mac’s failures have forced the federal government to put both into conservatorship — costing taxpayers some $200 billion — Americans, who now own the two entities, are entitled to know what role the government-sponsored enterprises (GSEs) played in creating this mess." Here.

Will Nancy, Frank and Chris ever allow this? Barney Frank claims he didn't know his partner 20 years ago was running a gay sex ring out of Frank's home, and 2 years ago he stonewalled an investigation of Fannie. He's not going to get smarter, folks. Throw him out.

"So why didn’t Congress do anything about these taxpayer-financed “bastions of privilege” sooner? Lest anyone ask questions about what they were up to, Fannie and Freddie also showered elected officials on Capitol Hill with campaign cash to keep their mouths shut and vociferously defend their accounting practices."

Gwen Ifill needs to recuse herself

The public's trust in the news media is maybe a few notches higher than Congress, but not much. Why the Commission on Presidential Debates needs someone selected from the news media is a mystery to me. They read and write text for a living--they are no better informed than a blogger from Ohio who reads and writes for fun, their faces and voices just are recognizable. Why not someone who doesn't make a living catering to politicians at the local, state and national level? It's OK for them to go out and explain weather to the kindergartners or cut ribbons at the opening of new nursing homes, but let's give them a night off during the debates. She has a serious conflict of interest, and McCain is a wimp for not objecting. There would be no reason for Obama to object--he knows the press is in his hip pocket wallet.

PBS sure gets their shorts in a knot over someone else's perceived conflict of interest.

Cheap gasoline and cheap tricks

Here in Columbus gasoline is about $3.25. I realize in some cities you can't get it at any price. Never thought I'd say $3.25 was cheap, but that's down $1 from what it was on the peninsula this summer.

Then those great old "community organizers" are rounding up the drunk and homeless to register to vote. Yes, Barack Obama has already started to steal Ohio--as of a few days ago you could register and vote on the same day, and boy were the Demmies ready for that one with a Democrat Attorney General and a court that seems to have lost all common sense. Not satisfied with a Democratic machine in Chicago--they've brought the goon squads here. The locals are outraged.

"Election officials around Ohio were preparing for a rush of early voting Tuesday, the first day absentee ballots are accepted in advance of the Nov. 4 presidential election.

Secretary of State Jennifer Brunner, a Democrat, is also allowing new voters to register and cast an absentee ballot on the same day during a weeklong period that ends Oct. 6.

For weeks, the Ohio Republican Party accused Brunner of interpreting the early voting law to benefit her own party by allowing same-day registering and voting. Republicans argued that Ohio law requires voters to have been registered for 30 days before they cast an absentee ballot.

But the Republican-dominated Ohio Supreme Court decided Monday that Brunner was following the law. The decision was backed by a federal judge in Cleveland. Another federal judge in Columbus declined to rule, deferring to the state Supreme Court's decision." AOL News, Sept. 28

One caller to a local station said it looked like a drunken rodeo with the "organizers" trying to chase down their transported prey in the parking lot and herd them into the building. Hmm. Sounds like Congress doesn't it?

Student reporters interview registrants and "impartial" volunteers getting them to the polls. Here. One guy was for Obama for his "Thug Thizzle." Really, folks, it's pathetic, but no more so than the white, middle class voting for Obama to assuage their guilt for all their failed programs of the last 50 years and a past they had nothing to do with. Or because he is in Joe Biden's words, "I mean, you got the first mainstream African-American who is articulate and bright and clean and a nice-looking guy," Biden said. "I mean, that's a storybook, man."

Mortgage crisis sends illegals home

It seems only the illegals knew our economy was robust during most of the Bush years. Certainly Democrats and particularly Barack Obama were clueless as was Kerry in 2004 when he declared it the worst economy since the Great Depression. Ten percent of Guatemala's population was living in the U.S. sending home $4.12 Billion in 2007--more than its exports of coffee, sugar and other commodities. All this from jobs Americans don't want? In that terrible Bush economy? Well, no wonder our household income was decreasing--it was going south!

Miriam Jordan’s article , "Latest Immigration Wave, retreat" on the exodus of immigrant labor in today’s WSJ is careful not to use the word “illegal” or “undocumented” in the front page story. You need to get to paragraph 6 before that’s even hinted at. But it is slipped into the tiny print of the sub-headline and on page A16, you do find the headline has been readjusted by the truth meter: “In immigration’s latest wave, an illegal worker goes back home.”

Her sob story teasers are then strip teased, little by little. For instance, Ambrosio Carrillo of Guatemala had to use his savings of $3,100 to get back home after construction work dried up. That’s early in the story. Then near the end, you find out it really only cost him about $300 for one-way fare--the rest went to ship his truck back home ($1,100), as well as a new TV, a DVD/VCR, a music system, and he gets home with $600 and his cell phone, where wages might be $10 a day.

The talented Ms. Jordan, who has impressive street creds, can speak Spanish and writes sympathetically of illegals, also has wings, and flies right over Mexico during Carrillo’s dangerous and life threatening trip with a Coyote to Arizona, where he was picked up, taken to California and then flown to the east coast, all for $10,000, which must have been a horrible burden for his family. Mexico, in case you didn’t know, is not nice at all to central Americans found illegally in their country, even though Mexican authorities don’t mind if their own people travel north to work and send money home to bolster a corrupt government.

Here are some of my favorite parts, with my comments and asides. I am not unsympathetic with Mr. Carrillo's plight, he's a hard worker and has become a small businessman since returning home--but American journalists, particularly those who write for WSJ, drive me up the wall with their leftist, pity-parties and op-ed front page rhetoric.

"Once a construction worker earning about $15 an hour in Maryland, Mr. Carrillo barely worked in the fall of 2007 as plentiful jobs evaporated." What happened to that terrible pre-2007 Bush economy that was hurting middle class families?

"Mr. Carrillo is helping to write the latest chapter in the American immigrant story." Switch to script writing, Ms. Jordan. Let's not get him confused with people who played by the rules.

"In part, the slowdown is a product of a Bush administration crackdown on illegal immigration, with factory raids that led to deportations and even criminal charges for thousands of undocumented workers." Yes, let's blame Bush crackdowns, even though his own party wouldn't support him on amnesty and guest worker programs. He's one of the best buds the illegals ever had.

"The fee charged by a coyote, or smuggler, was 42,000 Guatemalan quetzales, or about $5,700 -- including the overland journey from Guatemala to Mexico to Los Angeles and then a flight to Baltimore. Mr. Carrillo's family made a downpayment of about one-third of the tab before he set out. With interest, the total cost of the trip would double to nearly $10,000." Why no outrage at how a poor worker from another country (and obviously not that poor) was exploited in his own country, Ms. Jordan?

"The Census Bureau reported last month that the income of U.S. households headed by non-citizen foreigners dropped 7.3% in 2007 from the previous year, after rising 4.1% in 2006. Pew Hispanic says that among households headed by Central Americans, the drop in income has been in the double digits." Let's keep in mind when Democrats describe the losses of income by "household," they aren't necessarily talking about Americans. The Census counts anyone who is here, even those illegals keeping wages depressed for African Americans.

" "I started as a 'laborer,' making $9 an hour," says Mr. Carrillo, using one of the English words that leavened an interview otherwise conducted in Spanish. After tax and Social Security deductions, Mr. Carrillo says his take-home pay was about $400 a week, more than a dozen times what he earned back home. He bought a 1998 Nissan Sentra for $425." Although Ms. Jordan carefully notes he was learning English as he worked his way up to better jobs, she slips up here and says this was an English word he knew. But American fire, emergency, police and health care workers are severely chastised when they can't respond to 911 calls because they don't know Spanish!

There's more. Obviously, the Democrats in Congress and the MSM have been lying to us about how awful the economy has been the last 7 years, and who was getting rich on the backs of working Americans. All so they can get their guy elected.

Veep gaffes

"In what has now become a disturbing pattern, the Alaska governor seems either unable or unwilling to avoid embarrassing statements that are often as untrue as they are outrageous. Recently, for example, in an exclusive interview with news anchor Katie Couric, Palin gushed, “When the stock market crashed, Franklin D. Roosevelt got on the television and didn’t just talk about the, you know, princes of greed. He said, ‘Look, here’s what happened.’ ” Apparently the former Alaskan beauty queen failed to realize that in 1929 there was neither widespread television nor was Franklin Roosevelt even President." Victor Davis Hanson on Sarah Biden.

But in case you don't read Hanson's article closely and were planning to cut and paste, he is rewriting all of Joe Biden's gaffes into sweet Sarah satire.

Kill your parents and the fork salute

The legacy of Bill Ayers and Bernadine Dohrn, who are mentors, friends and advisors of Barack Obama, lives on in their adoptive/foster son (whose birth parents received the prison sentence they should have) who is also unrepentent. See Roots of a Rhodes Scholar Radical, book review at HNN (2002 long before Obama set his hat for the WH). In case you don't remember, the "fork salute" refers to the Manson murders. Dohrn thought Manson was inspirational. “First they killed those pigs, then they ate dinner in the same room with them, they even shoved a fork into a victim’s stomach! Wild!” And apparently, the Obamas didn't mind eating with the Ayers family either.

Freedom of information, Barack-style.

"The mainstream media, in their zeal to elect a Democrat, are assiduously airbrushing Ayers: “an aging lefty with a foolish past,” as the Chicago Sun-Times has so delicately put it. In fact, it is the press that is rife with foolish, aging lefties. Ayers, by contrast, is an unapologetic terrorist with a savage past — one who beat the system he so reviles when, after his years of fugitivity, terrorism charges were dropped due to government surveillance violations. He’s “guilty as sin,” by his own concession, but “free as a bird.” " The company he keeps

All Aboard the Obama Train--now leaving the station for parts unknown

—“The Wall Street ‘bailout’ has been the subject of more one-sided media coverage than Barack Obama’s campaign,” Accuracy in Media editor Cliff Kincaid said today. “The media love Obama and they love this ‘bailout.’ What they have in common is a desire to massively increase federal government involvement in the economy. But our media won’t label it for what it is—socialism.” Story at AIM.

Blogiversary!

My fifth. I started October 2, 2003 then back filled October 1, because it didn't look tidy.

So tomorrow, if I write, I'll be starting my 6th year.

Top 5 reasons most blogs don't last.

Art's back!

I didn't even know he was out of jail, and here he was on 610 WTVN talking to John Corby! I about dropped my Swiss Chard. Checking local news sources I found

Art Schlichter, the one-time OSU All-American quarterback whose promising career in the NFL was derailed by his felonious gambling addiction, is back in Columbus—on the airwaves, anyway. Schlichter’s spots as a guest analyst on 610 have been met, so far, with a positive response by most listeners. Most listeners. Schlichter still has a few detractors in Columbus, despite having served some 10 years for his criminal offenses and spending time as a peer counselor in addiction recovery programs.

“He’s really good, he just happens to be an ex-con,” said Mike Elliott, WTVN program director. Elliott said public feedback was split 80/20 in Schlichter’s favor. Most listeners whole-heartedly approve of giving the reformed Buckeye a “second chance,” while others still bear a grudge. Responses run the gamut from “he’s sleazy, he’s awful to ‘good for you, this gives the guy a second chance,’” said Elliott. The Other Paper

He's had more do-overs and screw-overs than the coach's son in a second grade t-ball game.

He talks openingly of his addiction and prison time. We used to work with convicts and know a lot of addicts of various substances and things. You're never cured. It never ends--for the addict and for the family. And Art has had more than a second chance--he's had many. He says he placed his last bet in prison in 2005. He lives with his mother (or did in 2007). His father committed suicide some years ago when he was in prison.

One of my favorite reference questions back in the 70s was when Art was every college kid's idol--he could do no wrong. A freshman came up to my desk and asked, "Who is Art Nouveau?"

Casino gambling keeps reappearing on Ohio's ballot. Remember Art and the family and friends he scammed and destroyed and the promising career he ruined to keep his addiction going. It started really small and finally ruined him.

Where is Paulson now in the new bill?

On Sept. 28: "The draft legislation, which will be put to a House vote on Monday, gives Treasury Secretary Henry M. Paulson Jr. and his successor extraordinary power to decide how the $700 billion bailout fund is spent. For example, if he thinks it wise, he may buy not only mortgages and mortgage-backed securities, but any other financial instrument. . . Rarely if ever has one man had such broad authority to spend government money as he sees fit, with no rules requiring him to seek out the lowest possible price for assets being purchased." NYT here

This is the scariest part of the bailout. Haven't heard a thing today about him. We don't even know who will be in this position come January. Hey--could be Barney Frank! Fannie, Freddie and Frankie.

Text of the EMERGENCY ECONOMIC STABILIZATION bill--it's huge. It should be a requirement that no one is allowed to vote who hasn't read the bill.

Bill and Barry disagree on banking

Barack Obama's tale is pretty fishy. It's not the way Bill Clinton remembers it.

"In BusinessWeek.com, Maria Bartiromo reports that she asked the former President last week whether he regretted signing that [1999] legislation. Mr. Clinton's reply: "No, because it wasn't a complete deregulation at all. We still have heavy regulations and insurance on bank deposits, requirements on banks for capital and for disclosure. I thought at the time that it might lead to more stable investments and a reduced pressure on Wall Street to produce quarterly profits that were always bigger than the previous quarter.

"But I have really thought about this a lot. I don't see that signing that bill had anything to do with the current crisis. Indeed, one of the things that has helped stabilize the current situation as much as it has is the purchase of Merrill Lynch by Bank of America, which was much smoother than it would have been if I hadn't signed that bill. . .

The Gramm-Leach-Bliley Act passed the Senate on a 90-8 vote, including 38 Democrats and such notable Obama supporters as Chuck Schumer, John Kerry, Chris Dodd, John Edwards, Dick Durbin, Tom Daschle -- oh, and Joe Biden. Mr. Schumer was especially fulsome in his endorsement."

Story here.

Swimming with the sharks

What media bias? Gwen Ifill is moderating the debate tomorrow. We already know 97% of blacks are voting for Obama, that about 90% of the MSM have been cheering him on. She's both. A two-fer. We've already seen and heard her dismissive comments about Palin. The choice of words and sneer say it all. We know she's releasing a pro-Obama book due soon. So why is someone so in the tank for Obama moderating the debate?

I fully expect Joe Biden to be declared the winner on Thursday. I don't even have to watch. Even if he just stands there and looks goofy and says Teddy Roosevelt led us into WWII and dropped the A-Bomb on Germany in 1949. It won't matter what he says, because I saw last week's and Obama was declared the winner when he clearly wasn't. Now, it wasn't a huge gap, McCain could have been younger and more physically not disabled, he could have been more critical of Bush the way the Democrats want him to be, and he could have been taller. But he wasn't, so of course, Obama was clearly the winner as he smirked and scowled and sniveled.

Gwen Ifill assures that Biden will be the clear winner.

Humanitarian Design

Where I grew up in rural Illinois, we called this a chicken coop. Now it's called good design, and it's what architects with a social conscience have come up with for Biloxi. Read about it here.

Usually I recommend an architect designed home as superior to anything you can find in a book or magazine, but I have to disagree here. . . "As they faced utter devastation, many didn’t know they could do better than buy plans from hardware stores or use drawings that church groups had downloaded from the Internet. “It opened opportunities to do things people hadn’t thought about before,” " Where is Better Homes and Garden house plans when you need them?

Back to basics in credit and health

There's a parallel in health care to the economic crisis--and you might die of this problem before your pension recovers because there is little attention to the basics of the spread of infection. When I was hospitalized for 2 days upon our return from Italy in June, I was not impressed by the cleanliness and sanitation of the first class hospital paid for by my first class health insurance (the bills aren't all in yet, but it is over $6,000) through Medicare and State Teachers. On the other hand, the staff was pleasant, attentive and caring, and I'm sure they score A+ on that. That I spread whatever I had around the ER waiting area for 8 hours didn't seem to matter.

Our country seems to be collapsing from the clutter and fall out of "the next best thing." In health care it is antibiotics and endless expensive social studies about gaps based on race, gender, and quality of insurance coverage, and in government it is faulty loan practices by the lenders because of social engineering from Congress also sick with gapitis.

There are well established steps to prevent infections in hospitals. And even today with widespread information available on the growth of super bugs, doctors may ignore them. Even in the 1980s when I worked in the Veternary Medicine Library at Ohio State I was seeing a return to interest in infectious diseases--antibiotics having already run out of miracles. We knew in the 1990s that workers in vet hospitals were transmitting bacteria to their sick charges, or taking things home to their own pets, just because of poor disinfection of rooms, equipment, and (!) artificial fingernails, which are terribly difficult to keep clean.

Laura Landro writes on super bugs in today's Wall St. Journal, and it isn't anything new that will save us--it's a return to basics.

[Peter Pronovost, a professor at Johns Hopkins University School of Medicine] With no new antibiotics immediately on the horizon for either class, preventing infections "comes down to blocking and tackling," Dr. Pronovost says -- quickly diagnosing infections, using appropriate antibiotics and "going back to basics" such as getting health-care workers to wash hands.

In partnership with the Michigan Hospital Association, Dr. Pronovost developed a program to prevent bloodstream infections, which can be caused by both gram-negative and gram-positive bacteria and often strike patients in ICUs with large catheters inserted into their veins. With five practices -- handwashing, draping patients before inserting the lines, cleaning the skin properly, avoiding catheters in the groin and removing them as soon as possible -- the consortium reported that the rate of infections in Michigan ICUs dropped by 66% over an 18-month period. The process saved more than 1,729 lives and $246 million.

Dr. Pronovost says that while the steps are well-established, his research shows doctors skip steps more than a third of the time. Today, the Agency for Healthcare Research and Quality, part of the federal Department of Health and Human Services, plans to announce that it will provide funding to expand Dr. Pronovost's program to 10 other states.

If you borrowed money for a home before the mid-90s, you can probably come up with five basics that the Congress and lending institutions have been igoring for a decade.

1. good job
2. good credit rating
3. no more than 1/3 of monthly income for housing expenses
4. neighborhood with sound housing stock
5. 20% down so buyer would have something invested

Time to clean up the bugs in hospitals and Congress.

Perhaps the dumbest thing in this article by Ms. Landro is the report that HHS plans to expand funding for Pronovost's program to 10 other states. Haven't we known this for a century? More posters reminding doctors to scrub down (up?) at a million dollars a pop?

Longing for the 60s

Even boomers hate to grow old and see their star setting (and their pension funds shrinking). Never fear, old Al Gore is here, with the same old 60s agenda and methods, and getting really bold. On Sept. 24 at the Clinton Global Initiative he said, "If you’re a young person, I believe we’ve reached a point of civil disobedience . . . to do things like take down coal plants." Notice, he's not going out to get arrested or his head bashed in by angry locals--nope, wants the young'ns to step up and put the miners and townspeople out of jobs. Just like he doesn't want to reduce the size of his jet or his house, but he wants you to sit in the dark or use funny light bulbs made only in China in their coal factories.

Maybe that's an issue that can be addressed at the debates on Thursday.

"Mr. Biden, how do you plan to protect the poor and middle class as the troublemakers on your fringe try to bring down the coal, oil and natural gas industries before alternatives and technology are in place--for instance, your predecessor recommending civil disobedience at coal plants. Will you be flying by glider to meet with important foreign dignitaries to make use of your vast experience or will you be flying on a wing and a prayer?"

In today's WSJ, a reader William L. Anderson, writes: "If Al Gore's pet projects (he's a major partner in Kleiner Perkins) had to compete head-to-head with coal fired plants, his return on investment would be near zero, and would be negative if these projects were not heavily subsidized through tax breaks and out right payments from taxpayers. Thus, Mr. Gore is trying to hamstring the competition, and in doing so will become a very wealthy man."

And if he and the Democrats are successful, Ohio's economy as well as that of other coal states will be ruined, punishment I suppose for the 2000 and 2004 elections.

Ohio--you need to vote for the candidates who won't ruin our economy--McCain-Palin.

“This crowd couldn’t make sausage”

“The 228-205 defeat reflects badly on all concerned, starting with the Democrats who run the House. The majority party is responsible for assembling a majority vote, and Speaker Nancy Pelosi failed in that fundamental task.

Her highly partisan speech on the floor -- blaming "right-wing ideology of anything goes, no supervision, no discipline, no regulation" for the financial distress -- is no excuse for Republicans to vote no. But it is indicative of the way she has governed for the past two years -- like Tom DeLay without the charm. The cynics are saying Ms. Pelosi deliberately tanked the bill by giving 95 Democrats a pass, knowing failure would hurt John McCain, and given her track record we can see why people would believe it.”

That’s harsh. Even I don’t think Nancy would sink that low. Destroy the economy to get Obama elected? Hmmm. Well, maybe she would.

The beltway crash

A bank regulator tells his side

John Corby on 610 a.m. in Columbus offers a call-in show with topics from uses for bacon (yesterday) to what's the dumbest trick you pulled as a teen-ager. Today, the subject seems to be a bit more serious--the government bailout. As I walked in the door (I was outside picking up branches from the storm 2 weeks ago) I heard

--a bank regulator saying the banks were forced into the Community Reinvestment Act (CRA) and each bank had to have a plan and a department. Bank field examiners spent over 50% of their time enforcing the Act, which took away from the enforcement of safety and soundness of the investments. Every bank in the nation, under the CRA, had to reinvest part of its own capital in the community, i.e. lending to borrowers, primarily minorities, who were not qualified for loans. This participation (which was forced) showed the banks were supporting the community. The caller said he and other bank employees who realized what was going on would have never been able to speak up for fear of losing their jobs, and that those who oversaw the CRA at his bank were the most liberal and militant in the organization. Then the banks were blamed for all the subprime loans they were forced to write. From the horse's mouth

Before we taxpayers fund the bailout, we need to dump the CRA which started the downward plunge and abandon this crazy idea that everyone needs "the American dream." And that includes its slush fund, Housing Trust Fund, which goes to the states for local organizations to put poor people in housing (which usually no one else would buy) including my own church. It's a nightmare for many. There needs to be good, sound, affordable housing stock. But it doesn't mean that every welfare mother who's taken a training program in computer programming and found a decent job should be shoehorned into "affordable" housing with a mortgage which will be a burden to her and her children. I'm sure this was all done with the best intentions, but the consequences have resulted in a national crisis. These same people in a good rental or subsidized housing with an adequate investment vehicle on the side would have been far better off and not experienced one more failure in their lives.

"The CRA forces lenders to spend money, time, and resources on documentation, PR, and other compliance costs. Moreover, the examination process to determine the level at which a bank is meeting its CRA obligations can sometimes take several months. This has become a major point of leverage—and source of funding—for “community” activist groups. Lending institutions, rather than face the increased expense of a slowed deposit facility application due to a CRA challenge, have committed over $7 billion to such groups and $23 billion to community development lending projects since 1977. Some companies seek to mitigate the threat by funding activist groups’ projects, instead of reforming their overall approach to community reinvestment, according to Jonathan Macey of Yale Law School.

Groups like the Association of Community Organizations for Reform Now (ACORN), aware that even small delays in approval can result in substantial losses of money for financial institutions, have been exploiting such a strategy for years. For example, Chase Manhattan and J.P. Morgan donated hundred of thousands of dollars to ACORN around the time that they applied for permission to merge." The Community Reinvestment Act's Harmful Legacy March 20, 2008