Senator Warren’s Subprime Demagoguery

Unintended Consequences

Sen. Elizabeth Warren (D-MA)Heritage ActionScorecardSen. Elizabeth Warren6%Senate Democrat AverageSee Full Scorecard6% may have been the least qualified professor to teach at Harvard University since Dr. Agassiz was measuring skulls to determine the validity of phrenological inquiries about racial intelligence. That; or she is the least honest woman to hold a powerful position in American politics. Her latest assault on American interracial comity comes hot on the heels of riots in St. Louis, Berkeley, and New York City over police shootings of African-American suspects. Like the old Chicago Outfit getting cut out of a Volstead Act Era illicit rum shipment; Senator Warren sees the Social Justice Ship sailing away from her. She can’t afford to be left out of the outrage racket. Thus she has to prove she can throw Caucasians (other than 31/32 of herself) under the bus as well as any other leading Democrat. Hence she equates the default rates of subprime mortgages during the recent housing crisis with you guessed it…..!RACISM!

You see Lieawatha Liz was having a get-together with 50 people who just so happen to be rich enough and Liberal enough to fund that run for the White House as a far left Progressive that she swears up and down that she isn’t considering. Politico pinkie-swears that she who goes by the ancient tribal honorific “Dances With Soros” wasn’t, you know, fundraising. She was just spewing demagogy to stay in form for the well of the US Senate and uncorked the following observations below.

She ascribed some of the problem to a worsening climate of economic opportunity for African-Americans than existed even a decade ago, according to attendees. And she said that the mortgage crisis affected black and Hispanic families more heavily, describing those groups as being “targeted.”

To understand the maliciousness of this particular lie, we need to review some recent American economic history. It was 1999, the economy was in boom mode and HUD was out there making sure these gains were equitably distributed in the interests of social justice. The New York Times describes the gains in minority home ownership made during this time below.

Home ownership has, in fact, exploded among minorities during the economic boom of the 1990’s. The number of mortgages extended to Hispanic applicants jumped by …read more    

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