Obama Had a $640 Million Slush Fund to Finance Leftist Anti-American Groups

Obama
Grumpy Obama. (Twitter)

Barack Obama built up a $640 million dollar slush fund that was used to finance leftist anti-American groups such as La Raza.  The fund was both illegal and unconstitutional in my opinion because all funding is constitutionally mandated to come from the House of Representatives.

The illicit scheme was facilitated by Eric Holder, who would extort large settlements from banks that allegedly violated laws in both the selling of mortgages and in falsely representing the value of investments.

Once a fine was levied, a portion of that money was directed to the leftist’s sites, and to take some of the sting out of those fines, Obama and Holder allowed the banks to voluntarily donate to those same groups.  But the catch was that for every dollar they donated, it would reduce their fines by 2 dollars.

Three of those groups are responsible for killing the repeal and replace of Obamacare and are now fighting reforming the tax codes and reducing taxes on the middle class.  So, in essence the money the banks “donated” is now being used to defeat the very programs they are for.

The funding that went to the leftist groups should have gone to the victims of the bank’s alleged crimes but was funneled to leftist groups instead.

Cause of Action Institute vice president Julie Smith told The Post:

“During the Obama administration, groups committed to ‘revolutionary social change’ sent proposals and met with high-level HUD and Justice Department officials to try to get their pieces of the settlement pie.”

From the New York Post:

The three main groups who received the largest amount of cash in the order of the amount received are:

THE NATIONAL COUNCIL OF LA RAZA

The Hispanic-rights group strenuously protested the Republican-led “skinny” repeal of the Affordable Care Act after receiving at least $1.5 million from the Obama regime’s bank settlement funds, congressional researchers say.

The notoriously radical organization, which advocates on behalf of illegal immigrants, argued the Trump proposal would have a “harmful impact” on the Hispanic community, including stripping potentially “8 million Latinos” of medical coverage.

“The Latino community cannot afford a repeal of the ACA,” La Raza warned its members, while encouraging them to fight the legislation in email alerts.

In July, the group held a large rally to protest the repeal effort in Arizona — GOP Sen. John McCain’s home state. The event is said to have influenced McCain’s decision to cast the deciding vote to kill the proposal.

La Raza has a long and checkered history of promoting illegal immigration and advocating for welfare benefits and even driver’s licenses for undocumented Latino immigrants. Currently, it’s lobbying (under a new and less controversial name, UnidosUS) against what it calls “the Trump administration’s senseless and Draconian anti-immigrant policies,” fighting specifically GOP bills “to fund [the] immoral border wall” with Mexico.

“President Trump has again chosen to appease the bigots in his base,” La Raza asserted in a statement posted on its website. “It’s time to translate injustice into action.”

During last year’s presidential campaign, La Raza’s Chicago branch was among the groups that deployed thousands of protesters to the University of Illinois at Chicago, forcing then-candidate Trump to cancel a scheduled event there for safety reasons.

La Raza works closely with the Congressional Hispanic Caucus and has teamed up with the anti-Trump resistance group, Indivisible, which was co-founded by La Raza alumnus Angel Padilla. Indivisible is working with La Raza and its affiliates to make sure “any bill that punishes sanctuary cities never goes to Trump’s desk to become law.” They are encouraging activists to send postcards with pre-printed messages on immigration and health care to moderate GOP senators.

NATIONAL URBAN LEAGUE

After receiving at least $1.2 million from the bank-settlement slush fund, the African-American advocacy group solicited its supporters to oppose efforts to repeal ObamaCare by signing a letter to senators arguing “African-Americans stand to be disproportionately impacted.” It claimed more than 5 million black people would lose coverage under repeal legislation.

NATIONAL COMMUNITY REINVESTMENT COALITION

Since hauling in at least $2.6 million in funds under settlement in the Obama-era mortgage suits, the liberal housing-rights group has slammed tax-reform proposals by the Trump administration as unfair, while trying to block efforts to privatize mortgage giants Fannie Mae and Freddie Mac, claiming doing so would “deepen the racial wealth gap.”

NCRC is also actively lobbying against regulatory repeal of many provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The Washington-based group boasts more than 600 member organizations who lobby lawmakers through list-serves, mailings, sign-on letters and conference calls. Though it’s assumed that funds distributed to such “qualified organizations” will be used for housing assistance, the bank-settlement agreements do not enforce how the funds are spent.

“It stands to reason that some of the settlement funds have helped bankroll the resistance” against President Trump and his agenda, John Berlau, a senior fellow with the  Competitive Enterprise Institute said.

This is another major crime that DOJ head Jeffrey Sessions has no interest in investigating or prosecuting.  It’s past time for him to go.

H/T The NY Post

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