Reader Posts

« previous | TPM CAFÉ READER POSTS HOME | next »

Acorn, black homeowners, and Hispanic bankers caused the subprime mess!

The latest meme to roll off the conveyor belt at the Fox News hate factory is that community organizations such as Acorn are responsible for the subprime debacle.  Of course, Barack Obama has "ties" with these "radical allies."  The Fox News ticker was reporting only on this topic for like ten minutes.  This aspect of the crisis literally does not exist in the world of MSNBC.

Acorn and other groups supported laws that would make it easier for the poor to buy homes.  So they are the real culprits in this mess, not the banks or the loansharks or the real estate boosters.  Ann Coulter agrees, of course.  I got this message in my inbox the other day: THEY GAVE YOUR MORTGAGE TO A LESS QUALIFIED MINORITY

And the hawk-eyed conservatives have also noted that unqualified Hispanic employees were responsible for the collapse of Washington Mutual.  I guess they must be the reason why WaMu ran all those ridiculous ads in which their plucky young employee - a black man - torments the stuffy, aristocratic old white male bankers for the sake of the common people.  Poor bankers!  If only they had been able to run their companies without the interference of incompetent minorities, maybe this whole mess would never have happened.

Reading up on the extreme hostility of the business press and right-wing blogs toward Acorn and other community groups is truly eye-opening.  It puts Rudy Giuliani and Sarah Palin's jeering of "community organizers" at the RNC in a whole new light.   The foolish speculation among liberals that denouncing community organizers was mere code language for racism completely missed the point -- something that I sort of vaguely, instinctively sensed while watching Palin's RNC speech.  They don't hate Obama-the-community-organizer because he's black or urban, per se.  They revile the idea of these organizers as mini bureaucrats, proxies of the liberal nanny state who want to come in and tell you what to do.  Obama the busybody.  "It's a community, and it doesn't need to be organized!" Palin said, to uproarious applause. 

As you can tell from reading the articles below, conservatives basically see liberal community organizations as the bastard lovechildren of the Community Party and the mafia, training cadres to tamper with the system and bilk taxpayers.  They are "corrupt."

Check it out:

The Investor's Business Daily: Democrats want to use profits from the bailout as a slush fund for liberal activist groups, even those involved in vote fraud to help elect Barack Obama...

Renew America
: B. Hussein Obabma was at the center of ACORN. As a community organizer he was right there with the corruption. He trained ACORN workers and they in turn worked on his campaign in Illinois...


Comments (5)

avatar

ACORN has a rather unsavory reputation due to their having been involved in massive voter registration fraud. On the basis of that fact alone, I wouldn't be the least bit surprised to find them counselling folks on how to falsify loan applications for houses they couldn't afford to buy.

avatar

Cantor of Virgina was on TV today blaming the housing meltdown it on minorities also.The forcloser meltdown stats included all demographics.Rich and poor.

How many more groups can these folks possibly annoy?

Mississippians!

Women.

Sane Alaskans.

And they've got more than 37 days to add to the list.

avatar

this is a post where i would love to read djamo's and company's thoughts.......

wake me up when they really say something astonishing like "obama is the reason why underqualified minorities brought the market to its knees"

avatar

It will not hurt progressives to admit that the subprime loan program that was supposed to make housing affordable hasn't worked out well. However, we also know that it was a minor part of the housing bubble. Making housing affordable for the working poor remains an extremely difficult problem, our lesson from this should be that easy credit is not the solution.

Post a Comment

Advertisement
Please disable your adblocker!
Ads are how we pay the bills!

Subscribe

The Coffee House
TPMCafe's regulars

House Brew
From Your Cafe Editor

Special Guests
Big names and big brains

Special Features
Pressing topics and trends

Table for One
An expert's week-long talk.

All Reader Posts
TPM readers discuss.

Book Club Calendar

Coming Soon



Nov. 30-Dec. 4



January 12-16



« Book Club ArchiveFull calendar »

Recent Reader Posts

All Reader Posts »





Masthead

Editor-in-Chief
Josh Marshall



Subscribe to TPMCafe's feed.
Subscribe to TPMCafe's reader blog feed.

Advertise Liberally
Share
Close Social Web Email

"To" Email Address

Your Name

Your Email Address