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Nov 25

Written by: Diana West
Tuesday, November 25, 2008 8:33 AM 

Here is a link to Steve Sailer's blog entries at VDARE.com. He's the only writer I know of who is digging deep into the subprime mortgate meltdown via the intensive social engineering that precipitated the crisis. Such manipulative governmental utopianism  drove not ony Democrats, such as Carter and Clinton, but also Karl Rove and George W. Bush. Indeed, the W Bush administration appears to bear most of the responsibility for implementing politically correct policies that stripped away good, old fashioned criteria for mortgages, such as down payments and good credit, kicking off Wall Street's deranged financial orgy we are now, I guess, going to be paying for over the next 700 billion years.

For example, yesterday Sailer blogged about a 2002 article in Realty Times that reported on Bush’s plan to increase minority homeownership by 5.5 million households. Sailer writes:

This trade journal emphasized six years ago that the core of Bush’s plan was raising the minority/low income quotas for Fannie Mae and Freddie Mac mortgage activity by a total of $440 billion. This is the kind of thing that gets lost in time because there’s no partisan point to remembering it. Republican flacks want to blame Fannie Mae, but here’s the Republican President leaning on Fannie Mae to increase its minority quota by $260 billion.

Every time Karl Rove pops up on Fox News I am just mortified because I know we're not going to get the real skinny from him.

 

 

     

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