Paster of Muppets – Thomas Sowell just came out with a book about the housing crisis in which he explains that Democrats were very eager for poor minorities to own their own homes in the 1990s. ACORN and then the Clinton administration forced the banks to begin making those risky loans that are such a big part of our economic downturn. For a video of Andrew Cuomo, Secretary of Housing and Urban Development during the Clinton administration, proudly announcing how they were combatting racism in lending by forcing the banks to make these loans, see http://www.youtube.com/watch?v=ivmL-lXNy64 . The crisis was abetted by both Barney Frank and Chris Dodd during the Presidency of Bush II in that they refused to go along with the efforts of Bush II and John McCain to rein in Fannie Mae and Freddie Mac. Democrats are actually primarily responsible for our economic mess but they have done a masterful job of spinning the situation as being the fault of Republicans.
Speaking as a homeowner, it is not a good idea for poor people to own homes. Houses require a continual input of money for maintenance, and also require the expense of homeowners insurance and property taxes. People who are poor are much better off just renting, and there’s nothing wrong with renting! I did it for decades. If Democrats would stop the social engineering, and if white people would get over their racial guilt, we’d all be better off.
All I can say is that socialism has never worked anywhere. It’s simply a matter of time before it crashes and burns, but it’s going to take a lot of people down when it does so.
