House Republicans refused to support the Henry Paulson/Chris Dodd compromise bailout plan yesterday afternoon, even after the
New York Times reported that Treasury Secretary Henry Paulson got down on one knee to beg Nancy Pelosi to compromise. One of the sticking points, as
Senator Lindsey Graham explained later, wasn’t a lack of begging but a poison pill that would push
20% of all profits from the bailout into the Housing Trust Fund — a boondoggle that Democrats in Congress has used to fund political-action groups like ACORN and the National Council of La Raza.
The Democratic ACORN bailout
Why in the world would the Democrats favor public funding for two groups that advocate the overthrow of the Constitution?