Jim Brown, OneNewsNow, August 11, 2008
There’s more to the housing bailout measure than meets the eye, says a Minnesota lawmaker. She contends that members of Congress need to be called back to Washington to reverse the measure that, among other things, sends millions of taxpayer dollars to a radical illegal immigration advocacy group.
The housing package signed into law by President Bush extends an unlimited line of credit to troubled mortgage giants Freddie Mac and Fannie Mae and rescues homeowners near or in foreclosure. The measure also increases the federal debt limit by another $800 billion—and sends millions of dollars in aid to La Raza and the Association of Community Organizations for Reform Now, or ACORN.
Bachmann advises Congress to get back to Washington, stop the funding stream for ACORN and La Raza, and also get American taxpayers off the hook for bailing out Fannie Mae and Freddie Mac.