George Bush Helped Liberals Push Minority Subprime Loans
by Charles Coughlin
The subprime crisis, which is currently threatening to destroy much of our economy, began with a liberal desire to increase the number of minority home owners. Frankly, this effort was pretty much doomed from the start. For one thing, home ownership among White people has been declining ever since the 1960s. Home ownership among Whites was 90 percent in the ’60s when there was a lot more available real estate and a lot fewer people in the US.
From the 1970s onward, White people have fled neighborhoods which had increasing Black populations. Two-thirds of young Black men are either in jail or on parole often for violent crimes. Many White people fled to the suburbs creating ever-longer commutes to work. During this time, many working class Whites began to lose their homes. They could afford to rent in the White parts of town, but they couldn’t afford to buy a new home in the suburbs. The suburban homes increased substantially in price because they had the advantage of not having garden variety Negroes shambling around looking for things to steal and White people to attack. Rich people were PAYING for the privilege of living in a segregated community –something which previously had been possible for Whites people of all classes –until liberals demanded that segregation be outlawed. (more…)