Yes. The Clinton Administration leveraged the Community Reinvestment Act to woo black voters; the GW Bush Administration did the same thing to bring Hispanics into the fold. There are swaths of developments in California’s central valley, from Fresno to Stockton and beyond, which stand in deserted testament to the implosion of this strategy.
posted on 05/01/2009 8:57:09 PM PDT
(1st call: Abbas. 1st interview: Al Arabiya. 1st energy decision: halt drilling in UT. Arabs 1st!)
NO, the republicans attached the CRA to the repeal of Glass-Steagall, to get democrat support and votes. There was no voter that I know of that demanded the republicans do something so stupid. But the money boys on K street did were all for it.
posted on 05/01/2009 9:02:50 PM PDT
(Auto unions bad: Machinists union good=Hypocrisy)
the GW Bush Administration did the same thing to bring Hispanics into the fold
I look at the real estate listings for my town of 14k frequently. I look at the public county record to see who owns many of them. Many are owned by banks and financial institutions. That tends to indicate the properties are foreclosures. The public record also shows the names of previous owners.
Care to guess how many were Hispanic names just prior to the financial institutions becoming 'owners'?
posted on 05/01/2009 9:05:14 PM PDT
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