Blaming Wall Street is wrongheaded

Blaming Wall Street is wrongheaded because it is the RESULT of the problem, not the ROOT of the problem, which is Washington.

Teresa Heinz Kerry has financed the secretive Tides Foundation to the tune of more than $4 million over the years. The Tides Foundation, a "charity" established in 1976 by antiwar leftist activist Drummond Pike, distributes millions of dollars in grants every year to political organizations advocating far-Left causes. The Tides Foundation and its closely allied Tides Center, which was spun off from the Foundation in 1996 but run by Drummond Pike, distributed nearly $66 million in grants in 2002 alone. In all, Tides has distributed more than $300 million for the Left. These funds went to rabid antiwar demonstrators, anti-trade demonstrators, domestic Islamist organizations, pro-terrorists legal groups, environmentalists, abortion partisans, extremist homosexual activists and open borders advocates.

During the years 1995-2001, the Howard Heinz Endowment, which Heinz Kerry chairs, gave Tides more than $4.3 million. The combined Heinz Endowments (composed of the Howard Heinz Endowment and the Vira I. Heinz Endowment) donated $1.6 million to establish the Tides Center for Western Pennsylvania, a Pittsburgh office of the San Francisco-based Tides Center. Since that time, the local branch has tirelessly pushed an anti-business agenda in the name of "preserving the environment." However, it is the Tides Foundation's national organization whose connections are most disconcerting.

The Tides Foundation is a major source of revenue for some of the most extreme groups on the Left. Tides allows donors to anonymously contribute money to a host of causes; the donor simply makes the check out to Tides and instructs the Foundation where to forward the money. Tides does so. The Tides Center will even manage a left-wing project, for a nominal fee. Drummond Pike told The Chronicle of Philanthropy, "Anonymity is very important to most of the people we work with." That becomes understandable when one views the list of Tides grant recipients. And who are the beneficiaries of this money?

ACORN, the Association of Community Organizations for Reform Now, a community organization of low- and moderate-income families that addresses housing, schools, neighborhood safety, health care, job conditions, and other social issues that affect its members. With a membership of over 350,000, ACORN is organized into more than 850 neighborhood chapters in over 100 cities across the United States, as well as in Argentina, Canada, Mexico, and Peru. The organization was born out of the American Civil Rights Movement. ACORN was founded in 1970 by Wade Rathke, George Wiley, and Gary Delgado.[1] Maude Hurd has been National President of ACORN since 1990.

ACORN groups work through direct action, negotiations, and with public officials. It does not accept government funding and is not tax exempt.[