Sunday, July 7, 2019

Those who don't learn from history are doomed to repeat it

Kamala Harris: $100 billion for homeownership
Ms. Harris announced a plan aimed at reducing the racial gap in homeownership, including $100 billion to help black families and individuals buy homes in historically redlined communities, where banks systematically denied them loans. The money would help cover down payments and closing costs for up to four million families or individuals, providing home buyers with up to $25,000 each.
So did we already forget the great recession of 2008? You know, the one caused by the absolute collapse of the housing industry due to to too many overextended subprime home loans? Why did these loans become a problem? Because the government (and not the banking industry) became more/less responsible for the make up of those who received loans. In order to satisfy the quotas set up by the Government, banks were forced to come up with creative ways to provide loans to people who otherwise would not have qualified for them. The amount of these home loans that went into default was massive (as well as expected by those in the banking industry), and basically set off the financial crisis that led to the 2008 recession.

Now you see Harris (and no doubt other Democrats will follow) wanting to lead us down the same track of pushing banks into providing loans to people who otherwise don't qualify for them. Make no mistake here, "redlining" is not a legal practice, and it certainly does not exist "systematically" to prevent people of color from buying houses. The industry is closely monitored for these sorts of things, and you can rest assured that if someone is denied a loan, it's because they didn't have the finances and credit to qualify. Doing otherwise would lead to massive fines, and possible criminal charges against people running the banks in question. The fact that less black people might qualify is going to be a matter of finances, not color.

At a time when black unemployment is down, black finances are up, and blacks are simply making gains on their own, it's no wonder that Democrats are going to pull out all the stops to try to keep them on the Government teat. Given the choice between a better chance to do things on your own, and free government shit, who knows which way it goes. But liberals have yet to offer blacks and minorities any other hopes for a better life that doesn't include free government shit, so this is their only play.

Harris proves herself almost daily to not have a clue how to do anything other than pander to the worse instincts in people.

27 comments:

Honest, decent, truthful Rev. said...

News outlets have reported over the past several months that undocumented immigrants, a group that since he began his presidential campaign President Trump has aggressively maligned, disparaged, and wanted out of the country, work in a number of Trump’s properties.

The President hasn’t spoken on the matter for months, but recently more stories appeared detailing how his properties have hired undocumented workers. On Friday, he was asked by The New York Times if the very people he has vowed to keep out of the country still work on his golf courses. “I don’t know because I don’t run it,” he replied.

“But I would say this,” he added. “Probably every club in the United States has that because it seems to be, from what I understand, a way that people did business.”

The Times reported in December that several undocumented immigrants were employed at Trump National Golf Club in Bedminster, NJ. The organization also reportedly hired undocumented immigrants to work in hotel and resort properties in Philadelphia, Westchester County, NY, and Jupiter, Florida.

Following the revelations, the Trump Organization reportedly fired dozens of undocumented works on staff and said it would begin using “E-Verify,” a program in that checks Social Security Administration and Department of Homeland Security records to ensure that new hires are legally allowed to work in the US.

This is not the first time the issue has been raised. Last year, Vox found that only one in 144 jobs went to American workers at three of Trump’s properties amid his “Buy American, Hire American” push.

Mother Jones reported:
Thanks to Vox, we now know just how seriously President Trump’s businesses are taking his policy of “America First.” Three Trump businesses posted 144 openings for seasonal jobs from 2016 to 2017, but just one of those jobs went to an American worker, according to a Vox analysis of US Department of Labor data. These three businesses, which includes Trump’s Mar-a-Lago resort in Florida, hired the foreign workers through the H-2B visa, a temporary visa for seasonal, non-agricultural work. Trump businesses have used the program since at least 2013, according to Vox.

On Friday, Sandra Diaz, a previously undocumented immigrant who worked as a housekeeper at Trump’s Bedminster club from 2010 and 2013 told the New York Daily News that the Trump organization still has undocumented workers on staff.

“He’s still lying,” Diaz said, “as always.”

Anonymous said...
This comment has been removed by the author.
Anonymous said...

She Represents this shit hole.

". CaliforniaTotal liabilities: $287.79 billionTotal assets: $250.76 billionDebt ratio: 107.9 percent

California state debt is at alarming levels, but it has improved from the previous year with a $9.1 billion rise in net position. The largest expense in the 2017 fiscal year was health and human services, which accounted for $135.1 billion in government spending."

She is a blood sucking evil whore.
Like Moochelle 

anonymous said...

She is a blood sucking evil whore.


Just like your wife goat fucker and trumps mail order bride????? BWAAAAAAAA!!!!!

Anonymous said...

Someone is trolling me on three threads.

anonymous said...

No ass hole....correcting you on all threads......BWAAAAAAAAAAAA!!!!!

Myballs said...

I thought the same thing. What again??

So foolish.

Amir Attaran said...

@profamirattaran

“Conservatives have a strong lead among those who have not attended college or university, while the Liberals have a lead among those with university education.”

@DizzyDean79
Replying to @steph93065 @profamirattaran

That's a fantastic point. They are also the ones who apparently can't pay for their own health care, health insurance and birth control, in addition to their "education."

Center for Immigration Studies said...

@CIS_org

“You can complain about conditions at the border. But those bad conditions are driven by numbers. And numbers is what they’re enabling here” -USCIS Director Cuccinelli on Democrats’ resistance to closing the asylum loopholes driving the border crisis, such as Flores and TVPRA.

"Resistance"

Anonymous said...

Is this $100 Billion is a gift ?
Is it part of Reparations?

How does she fund it?

Anonymous said...
This comment has been removed by the author.
Anonymous said...

What a shit hole California has become.
"According to a new survey by Edelman Intelligence, 53 percent of Californians are considering moving out of state due to the high cost of living. Millennials are even more likely to flee the Golden State — 63 percent of them said they want to."

Anonymous said...

States with the Highest Mortgage Debts ,, shit hole CA is one of them.

"Yep. they also have the highest incomes to go with those debts."

Denny, Fails to understand his error.

Anonymous said...

Huffington Post
Speaker in Name Only Polosi is a old dry cow.
"House Speaker Nancy Pelosi (D-Calif.) has issued a surprisingly scathing attack on the cadre of progressive freshmen women who have established high profiles among the chamber’s Democrats, dismissing them as having a “public whatever” but lacking significant political backing.

Rep. Alexandria Ocasio-Cortez (D-N.Y.) shot back on Twitter, saying that the “public whatever is called public sentiment.” She added: “Wielding the power to shift it is how we actually achieve meaningful change in this country.”

Anonymous said...

"Ocasio-Cortez in a Washington Post op-ed  Friday that the “greatest threat to mankind is the cowardice of the Democratic Party.”

Cat fight

anonymous said...

And donnie shows his true colors again by biting the hand that has coddled him to the top.....Just the way he ran his business as his polls soar to new heights even though women hate him!!!!!!



President Donald Trump on Sunday slammed Fox News — his preferred cable news network — for "loading up with Democrats" and for citing the "fake" New York Times in its reporting.
"Fox News is changing fast, but they forgot the people who got them there!" he said in a series of posts on Twitter.
In tweets earlier in the day, Trump railed against the New York Times for its "phony and exaggerated accounts" of disease and overcrowding at a Border Patrol facility in Clint, Texas.
The Times defended its reporting, saying they were "confident in the accuracy" of their news from the frontlines of the US-Mexico border crisis.
President Donald Trump on Sunday slammed Fox News — his preferred cable news network — for "loading up with Democrats" and for citing the "Fake" New York Times in its reporting.

In a series of tweets on Sunday evening, Trump lashed out at the right-wing news outlet for its weekend coverage, saying watching it is "worse than watching low ratings Fake News CNN" or "Lyin" NBC News anchor Brian Williams.

"Watching @FoxNews weekend anchors is worse than watching low ratings Fake News @CNN, or Lyin' Brian Williams," Trump said in a series of angry tweets.

Commonsense said...

What a shit hole California has become.
"According to a new survey by Edelman Intelligence, 53 percent of Californians are considering moving out of state due to the high cost of living. Millennials are even more likely to flee the Golden State — 63 percent of them said they want to."


The irony is that is the state they voted for. The sad part is they have four congressional seat more than they should have.

anonymous said...


The irony is that is the state they voted for


What a shit head we have for a president....Blames the teleprompter for saying Washington's army took over airports!!!!!! Even our dear cramps knows the wright brothers first flew in the 20th century.......asshole

Commonsense said...

Boy talk about non sequiturs, my post had nothing to do with Trump.

But go ahead, we know you can't suppress your TDS.

Myballs said...

Whispers are that Tom Steger will join the dem party race for president.

Make room for another ultra liberal socialist on the clown bus.

Commonsense said...

So look around of a crowd that was not reflective of the country and I had to sit in that audience,

Michelle Obama on Trump's inauguration.


Quite the contrary, it was very reflective of the country you left behind.

You know, those people who bitterly cling to their guns and religion.

Is it any wonder they voted for Trump you condescending bitch.

C.H. Truth said...

Speaking of airports. Does anyone know when the first airports were built in each of the 57 states?

anonymous said...

Make room for another ultra liberal socialist on the clown bus.


Right after the clown king trump is coronated and Lil Scotty takes his head out of trumps old fat white ass and his 57 states comments and admits trump is a habitual bullshitter....!!!!

anonymous said...

https://www.snopes.com/fact-check/57-states/


I strongly suggest our esteemed bigot Lil Scotty read the above and then tell me that What obama said is equivalent to the idiot trumps airport statement..... I won't hold my breath!!!!!!

Red Nation Rising said...

@RedNationRising

Democrats voted to fine American citizens for not buying healthcare insurance, but want to give FREE healthcare to illegals.

Let that sink in.....

Tim Young said...

@TimRunsHisMouth

Fun Fact: You know that Census citizenship question that Democrats are so enraged about? Canada's had the same one on their census since 1901.

C.H. Truth said...

Obama thought there was 57 states just as much as Trump thought there was airports during the revolutionary war. Both were slip of the tongue mistakes that neither defended or stood behind.