Reflections on Conservative Scapegoating By Tim Wise

"The right is so predictable when it comes to this kind of thing, that you can almost set your watch by their daily eruptions of stupidity.

And so in the past several weeks, we have been treated to three fresh examples of conservative scapegoating and buck-passing, in which they seek to blame the poor or folks of color for various social problems for which the latter are not the least bit responsible.

First, we have Neil Cavuto of Fox News, followed by Rush Limbaugh a few days later, along with smaller-market talk radio hosts and commentators, insisting that the nation's current financial mess is not the fault of greedy investors, free-wheeling bankers, speculators and other assorted rich people taking advantage of a largely deregulated market for bogus investments. Rather, it is the fault of poor people and those who seek to serve their communities, and especially folks of color, and those who insist on such things as civil rights."

Tim Wise: Racism as Reflex

".... for those who still put a premium on truth, and who place more value on honesty than their own need to nurture their anger, here are a few things to keep in mind.

First, the Community Reinvestment Act only applies to banks and thrifts that are federally-insured. This means that the independent mortgage brokers, who are responsible for half of all the nation's sub-prime lending--and who have been writing such loans at more than twice the rate of banks and thrifts--aren't even covered by the law. And make no mistake, it was the hand of the mortgage broker, more than any other, that precipitated the housing bubble."

I have never heard any Republican blaming black folks for this problem. Do you care to state your source? I'm interested to know who said that so I can stop supporting them. Thanks.

If poor automatically equals black it makes us wonder why blacks CONTINUE to support the same political party for so many years.

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I support homosexuality because it keeps liberals from breeding.

I support abortion because it keeps liberals from having children.

I support public education because it keeps liberal children pliable, unthinking and easily lead.

I support euthanasia because old sick liberals aren't worth paying for.

I support welfare because liberals will not eat if they displease me.

How do you like me now?

z-zz-z... the CRA was devised to combat redlining.. you know where banks drew red lines around poorer black neighborhoods and wouldnt lend to anyone within it... you know.. before you cats engage in a discussion it would behoove yourselves to actually know what it was you were talking about...

Nobody is saying that poor people automatically equals black. But nice strawman there.

And nobody said opposition to CRA etc had anything to do with minorities. Nice hate-mongering, race-baiting.

__________________
I support homosexuality because it keeps liberals from breeding.

I support abortion because it keeps liberals from having children.

I support public education because it keeps liberal children pliable, unthinking and easily lead.

I support euthanasia because old sick liberals aren't worth paying for.

I support welfare because liberals will not eat if they displease me.

How do you like me now?

Did anyone running their mouth read the piece?



A vote for McCain/Palin is a vote against the fundamental principle of America, the right of the individual to lead their life privately without the government interfering.

How about the ACT itself + amendments ?

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"Some men eventually stumble over the truth but they usually pick themselves up and walk on as if nothing ever happened."
-Winston Churchill

"But though there is no difference in this respect between the best demagogue and the worst, both of them having to present their cases equally in terms of melodrama, there is all the difference in the world between the statesman who is humbugging the people into allowing him to do the will of God, in whatever disguise it may come to him, and one who is humbugging them into furthering his personal ambition and the commercial interests of the plutocrats who own the newspapers and support him on reciprocal terms."
-George Bernard Shaw

The CRA may have been well intentioned in 1977, but seeing how it was pushed heavily by ACORN, it probably had no good intentions even then.

Side note on ACORN:
ACORN lobbied hard for CRA back in 1977. Additionally, more recently, ACORN's actions in registering voters have come under investigation in several states. I don't usually cite opinion pieces, but this one is written by the former Secretary of State of Ohio. National Review Article on ACORN. This should give you a flavor about what ACORN is.

This shouldn't come as a big surprise to anyone, but for the libs out there. When you take out a loan, you should have some way to pay it back. If you are poor and are using welfare and food stamps to qualify for a loan (YES IT HAPPENED), chances are, you will not be making those mortgage payments. NOT EVERYONE SHOULD OWN A HOUSE!!!!!!!! There is nothing wrong with renting. I did it and so did everyone I know.

The CRA especially after 1995 modifications which allowed "Community groups" to pressure banks (read extort) into "investing in the community" under pressure from regulators and the attorney general's office to make uneconomic loans. (Read -- a loan that probably will not be paid back.) So now we have groups who tell these "community organizer" organizations how to extort the money from banks using coercive techniques How to use the CRA to Extort Banks

Let there be no misunderstanding, the CRA activism is a multi-billion dollar scam....errr.. operation. This is nothing more than poverty pimping. Get people into loans they can afford, causing them no end of economic difficulty. But the poverty pimp doesn't care, because they are getting their take. Follow the money!

That's the CRA and how it is being used by activists (I have no evidence, but I bet Obama was one such activist....I'll have to research that before I make the accusation). Now onto the Mortgage banker issue.

Yes, the numbers are right, but the main part that they played was at the end of all of this. That's when the numbers really increased. We think that only 25% of the sub-prime loans are bad. Do you think that most of the ReFi's were bad or most of the loans to people with no real means of repayment were bad? This is pure obfuscation of the problem. Just a smoke screen and a diversion so we don't actually see the real problem.

Banks were forced to make uneconomic loans. Luckily, in 1994 derivatives for mortgage backed securities were allowed. This solved the banker's dilemma: how do we make uneconomic loans? The answer, MAKE SAUSAGE! Take real loans and package them with for shit loans. Then people buy the sausage with so much fat and so much lean. Everything is great as long as prices are going up. When the ponzi scheme blows up.....all hell breaks loose because nobody has any idea what the sausage is worth.

Bottom line, this is a democrat problem. It was developed for democrats, by democrats, for democrat purposes, to serve democrat causes. Any Repub complicity is happenstance. Democrats are featured in every aspect of this. I can follow the money to 10s of democrats and will if you insist. Let me see you do that with Repubs. Show me where Repub causes and individuals benefited. Cite them. This was a Democrat scam that blew up all over us!

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It isn't that Liberals don't know anything, they just know a lot that isn't so. -- Ronald Reagan

How do you tell a communist? Well, it's someone who reads Marx and Lenin. And how do you tell an anti-Communist? It's someone who understands Marx and Lenin. -- Ronald Reagan

I favor the Civil Rights Act of 1964 and it must be enforced at gunpoint if necessary. -- Ronald Reagan

Government exists to protect us from each other. Where government has gone beyond its limits is in deciding to protect us from ourselves. -- Ronald Reagan

Why bother? Its an opinion of a liberal on an economic issue, and the theory of modern economics can never be understood by a liberal.

This describes Obama.

There arent enough pictures in the article to be understood by these bozos..

So many problems with that asinine statement.

1) I never said CRA has anything to do with minorities...but since you bring it up...

2) CRA is about minorities. It was a bill designed to stop discrimination against...you guessed it, minorities.

How true.

Why do tough articles end up here? It is a form of censorship and fascism by the admins. Very un-American.



A vote for McCain/Palin is a vote against the fundamental principle of America, the right of the individual to lead their life privately without the government interfering.

Well some people call not giving loans to those who cannot afford them discrimination----others call it a wise business practice.

__________________
"Some men eventually stumble over the truth but they usually pick themselves up and walk on as if nothing ever happened."
-Winston Churchill

"But though there is no difference in this respect between the best demagogue and the worst, both of them having to present their cases equally in terms of melodrama, there is all the difference in the world between the statesman who is humbugging the people into allowing him to do the will of God, in whatever disguise it may come to him, and one who is humbugging them into furthering his personal ambition and the commercial interests of the plutocrats who own the newspapers and support him on reciprocal terms."
-George Bernard Shaw