As the financial crisis continues, I urge you to learn this term, and learn it now. Most Americans would be surprised to learn that the root of our current economic woes is liberal political correctness. You can read more about it here.
An excerpt:
Right now this crisis is being sold to the American public by the left as evidence the failure of the free market and capitalism. Not so. What we’re seeing is the inevitable result of political interference in free market economics.
And as I discussed earlier, Professor Obama ought to be asked his opinion on this issue. Does he think so-called “red-lining” is racially discriminatory and therefore unconstitutional as a violation of the Equal Protection Clause? If so, why? I think it’s a fair question, since it’s one he once asked of his Con Law students in Chicago, and given Obama’s background as a community organizer (a.k.a. “rabble rouser”).
If the McCain campaign has truly arrived, so to speak, his advisors will find a way to place the mortgage crisis squarely upon Barack Obama’s shoulders, and they will cease the tired line that Obama is “politicizing” the issue. That’s a cop-out worthy of a 9/10 Democrat.
McCain’s push on energy independence made a huge impact on the state of the race. Will “the Mac” pull it off on the mortgage issue and wrap up the economic issue entirely? Or will his advisors have him paying homage, as well, to political correctness?
Update: Goldberg takes a crack at the issue here.
Second Update: Okay, so maybe McCain is going to lay the mortgage crisis at the feet of The One, but I still think the causes of the crisis are being overlooked in all this talk about the solutions. I realize it’s too late to prevent this crisis; however, won’t the increasingly government-run financial sector simply fall into the same trap later?
Tags: bank failures, financial crisis, Freddie and Fannie, government bailouts, mortgage crisis, red lining
