Washington Times rag blames Latinos for crisis

After a morning of listening to Republican whining about who is to blame, and hearing several references, by wingers to the "brilliant suggestions" in todays Washington Times editorial, I decided to hold my nose and pay them a visit.

Obviously, they are not on my normal reading list.  Much to my surprise not only were they proposing the usual cut capital gains taxes, and corporate taxes, and loosen regulation insanity that is the right wing solution to the mess they created (more of the same) but they have now decided to not just blame black folks for the mortgage crisis - Latinos are now a scapegoat.
EDITORIAL: The bailout that wasn't

The editorial has 3 bulleted points.  Number three follows.
Their authority cited in point 3 is none other than arch-racist Michelle Malkin:

* Carefully examine the link between illegal immigration and the mortgage mess. Columnist Michelle Malkin writes on her blog that many of the areas hardest hit by the foreclosure wave, among them Loudoun County, Va., happen to be some of the largest illegal-alien sanctuaries. She points out that amnesty-promoting groups like the National Council of La Raza have received millions in federal funds to counsel their clients on obtaining mortgages with virtually no money down, and Mrs. Malkin has reported how major banks like Wachovia and Bank of America have launched campaigns soliciting business from illegal aliens.

I had to go back and read this paragraph twice.

WHAT the @#*##?!!

I'm sure that Lou Dobbs will be spewing this this evening.  Since I don't watch him, I won't have to see it.  But just wanted to give everyone a heads up on this latest twist from the sewer mind of the right wing.  This is "payback" for Latinos deserting the Republican Party in droves.  Since the racists of the US view all Latinos as aliens - who cares what type of xenophobic reaction this will stir up.  

Tags: bailout, Michelle Malkin, Mortgage Crisis, racism, Washington Times, xenophobia (all tags)



Mojo for mining in the sewer

by NeciVelez 2008-09-30 06:26AM | 0 recs
I don't get this

I've heard this several times, the Republicans blaming Democrats for opening it up for minorities to get housing; what's the truth?  Did Democrats actually do this, or did they simply ensure that, if the Republicans were deregulating anyway, that they apply said deregulation to minorities as well?

Anyways, I'm sure Lou Dobbs will get his spittle all over this.

by Dracomicron 2008-09-30 07:41AM | 0 recs
Re: I don't get this

You might want to read this piece from a conservative:

http://www.stephenbainbridge.com/index.p hp/punditry/they_make_you_embarrassed_to _be_a_conservative/

Put simply, the freezing up of the credit markets doesn't have anything to do with either affirmative action or illegal immigration, and people who believe it does are on a par with the conspiracy theorists who think fluoridation is a Chicom plot.

When you look at the data, it's true that minorities are slightly over-represented in the sub-prime mortgage market. Yet, whites (non-minorities) received 72.5% of subprime mortgages. Blacks got 16.2% of subprime mortgages, which isn't all that different from the 12.4% of the general population that blacks comprise. The Hispanics about whom Malkin is so hysterical got only 6.2% of subprime mortgages, significantly less than their 14.8% of the general population. But you don't find an analysis of that data at blogs like those of Malkin or Krikorian.

by NeciVelez 2008-09-30 07:44AM | 0 recs
Ah, so its economic, not racial

The truth of the matter is that the subprime mess is based on economic standing and culture, rather than race.

Thanks, that clears things up for me.  I have never borrowed money outside of my student loans; none of this makes any sense to me.

by Dracomicron 2008-09-30 08:00AM | 0 recs
by Dreorg 2008-09-30 08:41AM | 0 recs
What don't you get?

I'm afraid I don't understand what is confusing.

by NeciVelez 2008-09-30 10:27AM | 0 recs


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