"His father was a great friend of my father." The reference to William Ayers' father was how Mayor Richard J. Daley began his defense of Barack Obama for his association with the unrepentant Weather Underground terrorist. Daley's father of course was Richard M. Daley, mayor of Chicago from 1955 until his death in 1976. Ayers' father was head of Commonwealth Edison, the Chicago-based utility, from 1964 to 1980. Read More
Back in February, during the Democrats' frenzied rush to pass the $787 billion economic stimulus bill, Republican Sen. David Vitter offered a simple, 28-word amendment: "None of the funds appropriated or otherwise made available by this Act may be used directly or indirectly to fund the Association of Community Organizations for Reform Now." Vitter's amendment was shot down, 51-45, with all the votes coming from the Democratic majority. Read More
A number of experts believe that aggressive enforcement of the 1970s-era Community Reinvestment Act contributed to the mortgage meltdown, and thus to the greater financial crisis, by requiring financial institutions to lend to unqualified borrowers. Now, the Democratic majority in the House of Representatives is responding to that situation by proposing to expand the scope and power of the Community Reinvestment Act. Read More
