Fake Indian warren and fake American harris, aimlessly meandering while shamelessly pandering.
Posted on 07/08/2019 11:16:01 AM PDT by reaganaut1
It was a big day for plans, and Senator Elizabeth Warren rubbed her hands together almost gleefully as she said, “I’ve got a lot of them.”
But at the Essence Festival in New Orleans on Saturday, she was not the only one with a plan.
Ms. Warren and Senator Kamala Harris of California both used the occasion — the annual culture and music festival sponsored by Essence magazine, which caters to black women — to introduce major new proposals intended to address racial disparities, including in wealth and homeownership.
Senator Cory Booker of New Jersey and former Representative Beto O’Rourke of Texas also spoke at the event.
Ms. Harris announced a plan aimed at reducing the racial gap in homeownership, including $100 billion to help black families and individuals buy homes in historically redlined communities, where banks systematically denied them loans. The money would help cover down payments and closing costs for up to four million families or individuals, providing home buyers with up to $25,000 each.
Ms. Harris also called for stronger laws against housing discrimination; for more funding for financial literacy education; and for major changes in the calculation of credit scores, which lenders use to determine interest rates and eligibility for loans.
Currently, credit scores are based on payment history for things like credit cards, auto loans and mortgages, which many people of color don’t have. Ms. Harris’s plan would require credit reporting agencies to include rent, phone bill and utility payments in their calculations as well.
Her campaign projected that eliminating the homeownership gap would increase the median wealth of black households by about $32,000, and that of Latino households by about $29,000. Ms. Warren, of Massachusetts, had announced a similar plan.
(Excerpt) Read more at nytimes.com ...
Dog whistle!!
That's not-so-secret code for "buy votes by stealing more of my hard-earned money and giving it away."
This is crap from the 1970s. Redlining hasn’t happened for a generation, and reduced credit mortgages resulted in the 2008 collapse.
Direct subsidies to non-whites is just more racial redistribution and will end up creating more Detroits.
This will not solve the problem. Their problems are self-inflicted! not caused by Whitey!
I cannot post all that I am thinking.
You think they want to evaluate credit risk? Ha! All they evaluate is the darkness of your skin. “Credit risk” — what a quaint notion!
Liberals want to regulate and control every waking moment of your life.
Wasn’t something like this tried awhile back to encourage minority home ownership and didn’t it eventually lead to the devastating real estate/banking crash of 2008?
How to run for President as a Democrap:
1. Bribe the voters.
2. Put illegal aliens ahead of citizens.
3. Constantly lie about the current President.
4. Matter of fact lie about everything.
5. Constantly promote racism.
6. Lie about your race.
since Carter I think. Senator Dobbs and Barney Franks kept it going and then built to the bubble breaking in the mid 00s.
Loans were called liar loans because no docs were required. You just made up income or assets and got the loan. It was adjustable rate. When the rates went up you lost the house, along with a few million others.
The dems have been yelling “affordable housing” for minorities again for the last 5 years or so.
It also proves what we’ve known for years
That she’s a race obsessed bigot
Just like OCommie and Holder
My plan is to return all of Comancheria to the Comanches.
Proposals on my desk by noon!
Fake Indian warren and fake American harris, aimlessly meandering while shamelessly pandering.
The essence of bovine scatology and emesis.
It is also immoral and unjustified. We are individuals in this country, not grievance groups.
What language did “Beto” speak in? Jive??
“Jus hang loose, blood...”
Yep Nothing has destroyed countless neighborhoods, schools and business districts more than the racist Great Society programs and its descendants
how to destroy America permanently... in just one more election
vote for the Fake Injun Squaw, the Ineligible Californicator, or any of their commie clones
(gee, the DNC has sure been rotted out!)
Harris and Warren are proposing a "fix" for a completely fabricated "cause" of the problem. It will destroy the economy for everyone.
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