Author: ACORN protesting problem it helped cause
Political organization 'helped inflate mortgage bubble by strong-arming Fannie Mae'
: October 07, 2011
wnd.com
ACORN, Barack Obama's former employer, is one of the major groups behind the Occupy Wall Street protests spreading across America, says award-winning investigative reporter Matthew Vadum.
The protests, which have spread beyond New York to other large cities, are part of what ACORN's radical socialist founder Wade Rathke calls an "anti-banking jihad," said Vadum, author of the explosive new book, "Subversion Inc.: How Obama's ACORN Red Shirts are Still Terrorizing and Ripping Off American Taxpayers."
Vadum is a senior editor at Capital Research Center, a think tank that studies left-wing advocacy groups and their funders. His book is the product of nearly three years of research and hundreds of interviews.
Get "Subversion Inc." and read about the strategy that intends to take down America.
ACORN's new front groups are deeply involved in the Marxist movement known as "Occupy Wall Street."
The New York front group, New York Communities for Change (NYCC), headed by longtime ACORN lobbyist Jon Kest, is one of the major protest groups leading the effort to radically transform America.
Kest blames major mortgage lenders for the nation's economic crisis.
"When the big banks tanked our economy they took away millions of people's shot at achieving the American Dream," he wrote on NYCC's website.
"It's about time all these people come together and hold Wall Street accountable for what they've done to our futures and the future of this country."
"Of course Kest left out the fact that his own group, ACORN, helped damage the U.S. economy," Vadum told WND.
"ACORN helped to inflate the mortgage bubble by strong-arming Fannie Mae, pushing the financial affirmative action scheme known as the Community Reinvestment Act, and blackmailing banks that didn't want to lend money to people who wouldn't be able to pay it back," he said.
"America is in the midst of what might turn out to be a second Great Depression in part because Kest, ACORN, and other leftists pushed government policies they had to have known would backfire," Vadum said.
ACORN also is involved in the related "Take Back Boston" protests in Massachusetts, according to watchdog group Judicial Watch.
New England United for Justice, which is headed by former national ACORN president Maude Hurd, is participating in the Boston demonstrations. Hurd is a close political ally of Boston mayor Thomas Menino.
Like NYCC, New England United for Justice was created by ACORN organizers.
Meanwhile, Stephen Lerner, a board member of ACORN's labor ally, the Service Employees International Union (SEIU), has promised to do his part to collapse what's left of the nation's economy. Lerner said he wants to "bring down the stock market" through a campaign of disruption.
Last year George Goehl, executive director of the radical left-wing Chicago-based National People's Action, said that "the banking crisis" was "the next big thing," and "the way to build a big economic justice movement in this country." Vadum describes National People's Action as a "street thug group."
Now radical financier George Soros has said he sympathizes with the rabble. "Actually I can understand [the protesters'] sentiment, frankly," Soros recently told reporters. Soros currently has an estimated net worth of $22 billion making him the 7th richest person in America, according to Forbes magazine.
The next big exercise in what Vadum calls "Marxist mobocracy" started today in the nation's capital.
A group called the "October 2011 Coalition" has said it will take over Freedom Plaza near the White House in Washington, D.C., beginning Oct. 6 "if any U.S. troops, contractors, or mercenaries remain in Afghanistan."
Protesters will "resist the corporate machine" by occupying the area "to demand that America's resources be invested in human needs and environmental protection instead of war and exploitation." The group said it will make the plaza one block away from the White House "our Tahrir Square, Cairo."
More disruptive demonstrations are scheduled, SEIU's Lerner said during a panel discussion Monday at the Take Back the American Dream conference in Washington, sponsored by the left-wing Campaign for America's Future.
About 10,000 demonstrators will hit the streets of Chicago while protesters march on Wells Fargo in Minneapolis, Lerner said.
Activists in New York intend to campaign to extend that state's punitive tax on millionaires. “We may go visit some of them,” said Lerner, whose SEIU members have taunted the families of many corporate executives by surrounding their homes with angry mobs.
Goehl's National People's Action group intends to launch its "Make Wall Street Pay" campaign on Nov. 3. Iowa Citizens for Community Improvement, which is the Iowa affiliate of National People's Action, attempted to disrupt GOP presidential candidate Mitt Romney’s speech at the Iowa state fair in August.
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