Poor, black folk caused financial crisis, even in Iceland?

11 comments October 9th, 2008

Republicans are doing their best to hang the entire financial crisis on poor, black people who got mortgages they didn’t deserve because banks were afraid to be politically incorrect and be charged with racist lending practices under the Community Reinvestment Act, which says banks have to reinvest a portion of their resources into their communities.

When will Republicans learn that by doing this kind of thing — and believe me, they engage in this kind of race-hatred talk at GOP fundraisers when they don’t think anyone is listening — they risk diminshing their numbers forever?

See, by hanging the verbal equivalent of a whites only sign on their party, the Republicans will ultimatelyl diminish themselves to permanent minority status. 

Message to my Republican friends: This is’s simple demographics. White people aren’t having babies. And you can’t expand your numbers  by blaming all problems on “the other people” of this country. Because there’s more of them every day. Soon “the other people” will be the majority, and you’ll be the party that bashes them.

Not smart. But my friends, when have you ever been?

Anyway, to prove the folly that this credit crunch is the fault of black folks, check out this article in http://www.guardian.co.uk/business/2008/oct/10/banking-iceland– about the collapse of Iceland and how it affects the UK.

No black folks in Iceland, eh?