The Obama Browbeat is Back

In Monday’s debate, Obama used the old “ACORN Browbeat” against Romney, but Romney was not intimidated.  The browbeat consists of craning the neck extremely forward toward the target and staring at him with an intense frown.  

Another word for the Obama Browbeat was the”get in their faces” tactic espoused by Obama and used by many of his agitators during the election of 2008.  Now that Americans have awakened, at least to some degree, its usefulness is currently about the same as (to use another Obama cliché) “horses and bayonets.”

Obama has had some practice at browbeating and filing lawsuits against banks--as a representative of ACORN.  One lending institution that Obama filed charges against was Citibank.  See:

http://iusbvision.wordpress.com/2008/09/30/obama-sued-citibank-under-cra-to-force-it-to-make-bad-loans/

There has been much controversy regarding the economic impact of the CRA. The current Administration, of course,  claims that the CRA is not to blame for so many bank failures   See The Subprime Mortgage Crisis at:

http://en.wikipedia.org/wiki/Subprime_mortgage_crisis

An excerpt:

 “Conservatives and libertarians have also debated the possible effects of the Community Reinvestment Act (CRA), with detractors claiming that the Act encouraged lending to uncreditworthy borrowers,[134][135][136][137] and defenders claiming a thirty year history of lending without increased risk.[138][139][140][141] Detractors also claim that amendments to the CRA in the mid-1990s, raised the amount of mortgages issued to otherwise unqualified low-income borrowers, and allowed the securitization of CRA-regulated mortgages, even though a fair number of them were subprime.[142][143]

“Federal Reserve Governor Randall Kroszner and Federal Deposit Insurance Corporation Chairman Sheila Bair have stated their belief that the CRA was not to blame for the crisis.”