Fresh from the desk of House GOP leader John Boehner:
Democrats are prepared to bring to the House floor legislation purportedly written to assist Americans impacted by the recent housing slump. But in recent days, it has become increasingly clear who this legislation is really out to serve: scam artists, speculators, and trial lawyers.
That’s right: the bill forces taxpayers to pay for a massive $300 billion bailout at the expense of innocent victims who truly need assistance and hard-working families who continue to pay their mortgage on time. And it includes language slipped-in by House Democrats at the last minute to fund a giant $35 million slush fund for trial lawyers seeking to capitalize on the housing downturn.
But the goodies for the friends of the Democratic Majority don’t stop there. House Democrats quietly tucked another giveaway into the long, complicated bill in order to benefit their political allies with virtually no prior public scrutiny or debate. Take a look at this political giveaway – “Assistance for the Raza Development Fund” – straight from the text of the bill:
(c) ASSISTANCE FOR RAZA DEVELOPMENT FUND.—
(1) USE.—The Secretary of Housing and Urban Development may make a grant to the Raza Development Fund for the purpose of providing technical and financial assistance to local non-profit organizations to undertake community development and affordable housing projects and programs serving low- and moderate-income households, particularly through organizations located in neighborhoods with substantial populations of income-disadvantaged households of Hispanic origin. Assistance provided by the Secretary under this subsection may be used by the Raza Development Fund…
(2) AUTHORIZATION OF APPROPRIATIONS.— There is authorized to be appropriated for grants under this subsection—
(A) $5,000,000 for fiscal year 2008; and
(B) $10,000,000 for each of fiscal years 2009 and 2010.
In short, House Democrats are expecting American taxpayers to shell out $25 million to the Raza Development Fund – an arm of the National Council of La Raza and Democratic political ally that has made its name by promoting pro-illegal immigration policies and opposing real border security.
American families are struggling with rising costs for everything from gasoline to food to mortgages. Times like these require Congress to work in a bipartisan way on behalf of the American people. But instead, this Democratic Majority has produced a bill that rewards scam artists, speculators, trial lawyers, and political allies like La Raza…all at the expense of taxpayers and homeowners who really need help. Sadly, it’s yet more example of what American taxpayers have come to expect from a broken Washington under the leadership of House Democrats.
Sadly, we haven’t heard a peep from House Republicans–or any prominent Republicans–about John McCain’s decision to legitimize and honor La Raza (“The Race”)with his presence at its annual open-borders convention in July.