Did Liberals Cause the Sub-Prime Crisis? | The American Prospect:
“It’s telling that, amid all the recent recriminations, even lenders have not fingered CRA. That’s because CRA didn’t bring about the reckless lending at the heart of the crisis. Just as sub-prime lending was exploding, CRA was losing force and relevance. And the worst offenders, the independent mortgage companies, were never subject to CRA — or any federal regulator. Law didn’t make them lend. The profit motive did.”
(Via The American Prospect.)
Something To Consider – Ta-Nehisi Coates:
“It isn’t, for instance, the fact that Sotomayor was raised in an era where government-backed redlining was still legal, it’s the fact that some students at Yale demanded a Chicano history course that’s the issue. Likewise, it isn’t the oppressive identity politics practiced by conservatives for the past 30 years that’s disturbing, but Sotomayor’s response to it. To be a true conservative is to be more disturbed by victimology, than actual victimizing. It is to claim to abhor evil–but to abhor the response to evil even more. It’s like in the NFL–it’s the second [guy sic] who throws the punch who draws the flag. “
(Via Ta-Nehisi Coates.)
Great explanation of why conservatism is morally impoverished. Always standing against change necessarily means you collaborate with evil at some point. “All that is necessary for the triumph of evil is that good men do nothing.” –Edmund Burke
William Kristol – Republicans’ Day of Reckoning – washingtonpost.com:
“Conservatives and Republicans will disapprove of this effort. They will oppose it. Can they do so effectively?
Perhaps — if they can find reasons to obstruct and delay. They should do their best not to permit Obama to rush his agenda through this year. They can’t allow Obama to make of 2009 what Franklin Roosevelt made of 1933 or Johnson of 1965.”
(Via The Washington Post.)
How about offering alternative solutions? Oh yeah, you don’t have any that haven’t been offered! That’s when you know the GOP is completely bankrupt of any ideas. People are hip to the tax cut mantra since it did less than nothing to stop our current economic woes. (Quick note: Johnson signed the Voting Rights Act in 1965.)
Will the Stimulus Work? | The FactCheck Wire:
“In the meantime, if you want to keep up with the experts and their (sometimes quite technical) arguments for and against the stimulus plan, we suggest Krugman and former Clinton Treasury official Brad DeLong on the pro side and Becker and George Masonâ€™s Tyler Cowen on the con side. The Atlanticâ€™s new Atlantic Business page helpfully breaks down the expertsâ€™ arguments for the layperson.”
(Via FactCheck Wire.)
Check out both sides before arriving at an opinion.