Re: Election: Congratulations to the Democrats

On Wed, 5 Nov 2008 17:28:06 -0500, "PatsSox" <PatsSox@xxxxxxxxxxx>
wrote:


<jvampatella@xxxxxxxxx> wrote in message ...
It was a Democrat thing. Here's an article from September, 1999 (well
before Bush came into office) from the *New York Times* (maybe the
most liberal paper in the United States):
http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260

Anyone who thinks the NYTimes is the most liberal paper in America
does not read many papers. Or like Palin, they read all of "them". <g>
I'd describe the NYTimes as a middle-left paper that provides
significant access for conservative views and is widely regarded as
the best and most accurate newspaper in the US and one of the best in
the world. It is about 32%-68% in its endorsement of Reps.-Dems in
presidential elections. It endorsed Wendell Wilkie over FDR, Dewey
over Truman, Ike over Stevenson. More liberal recently, as the
Republican party has moved its center to the deep south.

Blaming the subprime mess on poor Blacks or on Liberals concerned
about systematic Redlining is racist, pure and simple. I just do not
understand how anyone can think that Redlining (rfusing to lend to
people living in certain areas because of thei race) is not racist.

Every competent observor agrees that Fannie and Freddy messed up, that
the mess up occurred mostly AFTER Bush took office, and that it was
not a major factor in the economic collapse. The Dems probably share
some of the blame for inadequate regulation of Fannie and Freddy, but
that issue is largely irrelevant to current discussions of the
economic collapse.

And various activist groups, like ACORN, are not the Democratic Party.
The point of having Fannie and Freddy was to make home loans easier
for the disadvantaged. The charter says Fannie's goal is "to tear down
barriers, lower costs, and increase opportunities for homeownership
and affordable housing for all Americans." Minorites have been
underserved by traditional lenders, so it was pretty normal for people
to press Fannie to live up to its charter by promoting an end to
redlining. But mistakes were made, etc. Beside the point, for the most
part, in discussing major causes of the economic collapse.
.

Relevant Pages