Research ››› ››› ERIC HANANOKI
Media figures have recently accused Democrats of attempting to direct millions of dollars in government money to the Association of Community Organizations for Reform Now (ACORN) in the financial bailout bill. The accusation is false. Neither the draft proposal nor the version of the bill that was voted down in the House contained any language mentioning ACORN. Those making the false claim were misrepresenting a provision -- since removed -- that would have directed 20 percent of any profits realized on troubled assets purchased under the plan into the Housing Trust Fund* and the Capital Magnet Fund.