President Obama’s new economic stimulus package contains as much as $15 billion in payoffs for radical left-wing groups such as ACORN, his former employer.

Obama has been promoting what he calls the proposed “American Jobs Act of 2011” at campaign-style rallies even though it apparently has not been introduced in Congress.

Under a new program, $15 billion would be earmarked for “Project Rebuild.”

The funds would go to state and local governments and to “qualified nonprofit organizations” to redevelop abandoned and foreclosed properties.

“Now that public polling shows Americans are realizing that economic stimulus programs don’t work, the Obama administration is calling the latest round of futile stimulus a ‘jobs bill,'” said award-winning investigative journalist Matthew Vadum, author of the explosive new book “Subversion Inc.: How Obama’s ACORN Red Shirts are Still Terrorizing and Ripping Off American Taxpayers.”

Get “Subversion Inc.” and read about the strategy that intends to take down America.

“In a sense it really is a jobs bill: a jobs bill for Saul Alinsky-inspired community organizers,” said Vadum, a senior editor at Capital Research Center, a think tank that studies left-wing advocacy groups and their funders.

Vadum’s book is the product of nearly three years of research and hundreds of interviews.

ACORN has been in the real estate development business for decades.

Its housing subsidiary, ACORN Housing Corp., changed its legal name last year to Affordable Housing Centers of America, AHCOA.

Under Obama’s Housing and Urban Development Secretary Shaun Donovan, a longtime ACORN ally, HUD issued a $79,819 grant to AHCOA in March.

Contrary to mainstream media reports, ACORN is very much alive, though in a changed form.

Although the shell corporation that ran the ACORN network filed for bankruptcy in November 2010, ACORN continues to operate. Project Vote and ACORN Housing, renamed Affordable Housing Centers of America, are still is business. ACORN’s state chapters now operate under assumed names such as Alliance of Californians for Community Empowerment, New York Communities for Change, Missourians Organizing for Reform and Empowerment, Organizers in the Land of Enchantment (New Mexico), Texas Organizing Project and Action United (Pennsylvania).

According to “Subversion Inc.,” ACORN officials openly acknowledge the network is restructuring and is re-emerging in an effort to help re-elect President Obama in 2012.

In “Subversion Inc.,” Vadum notes that at least 54 ACORN employees and individuals associated with ACORN have been convicted of voter fraud. Voter fraud is a blanket term coined by lawyers. It refers to fraudulent voting, identity fraud, perjury, voter registration fraud, forgery and a variety of crimes related to the electoral process. ACORN itself was convicted of voter fraud in Nevada earlier this year.

Because of the potentially criminal activity documented in this explosive book, copies of “Subversion Inc.,” by Matthew Vadum have been sent by the publisher, WND Books, to all 535 members of the House and Senate in hopes of prompting further investigation of ACORN and its tentacles.

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