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March 31, 2008

George Will And Jon Kyl Blame Housing Crisis On “Marginal”, “Poor”, “Minorities” — And Of Course, Democrats

Posted in: Economics, Random Wingnuttery, Republicans

Two weeks in a row now, a conservative on "This Week" has blamed the housing crisis on the unwashed masses. Here’s George Will yesterday (starts around 4:11):

"The government of the United States, bipartisan, pressured lenders into lending to marginal borrowers as a public policy."

Yeah, things would be just fine if it weren’t for the damn socialist gubmint forcing the banks to dole out money to the irresponsible peasants. Will has the gall, a couple minutes later, to claim that Republicans are the party of "individual responsibility," which to him apparently means, "blame the poor people and government when the shit hits the fan."

John Kyl was more explicit the week before, blaming "minorities" and "the poor" — as well as Democrats!

JON KYL: Well, first, I wondered how long it would take my friend, Chuck Schumer, to blame the Bush administration here. Of course, it wasn’t the Bush administration, as much as it was Democrats in congress, who were pushing the lending institutions to get out there and lend more money, even to unqualified buyers. To minorities, to the poor, to the young, so that everyone could own a home. The Bush administration was somewhat to blame for that, as well. But Democrats in congress were making that push. And as a result, a lot of people took loans who couldn’t qualify. In fact, they didn’t have to qualify. No money down. There was no credit reporting. And a lot of them, frankly, couldn’t afford it. So, let’s don’t blame the Bush administration for this.

So…the mortgage crisis isn’t the result of deregulation or corporate greed or reckless business practices or an out-of-it administration — it’s the Democrats’ and poor people’s fault.

Unbelievable.

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