Letter: Losing trust in President Obama

To the Editor:

In my previous letter, I mentioned that FDR’s New Deal included Fannie Mae, and “it was Fannie Mae, along with the Woodrow Wilson-created Federal Reserve that created the current housing bubble that has again sent American into a recession.”

I would like to thank Marie Bettmeng, whose May 24 letter expanded upon the role of Fannie Mae and adds “ACORN (Association of Community Organizations for Reform Now) then began actively pressuring banks to make loans under the threat that otherwise they would register complaints.”

That destroys the idea that the current housing crisis could have been avoided with more government regulation, a frequent position stated by Obama and his supporters. Any such attempts were stopped by the government’s own anti-discrimination policies. Therefore, the problem still lies with government intervention that prevents the free markets from exercising self-regulation.

There are also ties between ACORN and Barack Obama. The New York Times unexplainably nixed a report in October that included evidence obtained from ACORN whistleblower Anita Moncrief, who claimed to have donor lists that tie ACORN to the Obama Campaign.

On Oct. 10, the Washington Post reported that John McCain wanted an investigation into ACORN’s voter fraud allegations and ties to the Obama campaign with concerns that elections in battleground states were being fixed. The Post report included a denial of connections by Obama spokesman Tommy Vieter.

Obama did legal work for ACORN in 1995. He was also an ACORN “leadership trainer” on the boards of foundations that may have supported ACORN. Now with Anita Moncrief’s whistleblowing, we have cause for huge concern over who is now the president of the United States and how he got there. How can you trust one who helped create a crisis, falsely blamed it on free markets and then uses it to further his political agenda that only does more of what caused the crisis in the first place?

Tags: letter to the editor, opinion