DailyKos: Chi. Trib: Blame the Dark Skinned People

DailyKos (9/27/08)

Chi. Trib: Blame the Dark Skinned People

In tomorrow’s (9/28) edition of the Chicago Tribune, (link posted when it becomes available,) the paper’s editors weigh in on our nation’s financial meltdown….

The editorial is titled “Scapegoating markets,” and I will excerpt a small, fair-use portion here.  Bold faced emphasis is mine.

…Another factor was something deregulation critics omit:  a push to expand home ownership to borrowers who were once considered too risky. Economist Stan Liebowitz of the University of Texas at Dallas writes that “in an attempt to increase homeownership, particularly by minorities and the less affluent, an attack on underwriting standards was undertaken by virtually every branch of the government.”

That’s right, we’ll just ignore the fact that the vast majority of sub-prime mortgages were refinances to existing homeowners, not mortgages written to first time home buyers of any particular race.  And we’ll ignore that when Greenspan was asked by Congress about the wisdom of NINA (No Income No Asset) loans and other such practices (created not by any government branch but by our beloved private sector) he responded that they were marvelous new tools the market had created to expand homeownership to more Americans.  And we’ll just conveniently overlook that sub-prime mortgages aren’t nearly the problem that derivative and credit swaps are.  Obviously it was the fault of those dark-skinned people!

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Media Matters: Matthews on Obama’s debate performance: “[D]id it surprise you that he was so un-ethnic tonight?”

Media Matters (9/27/08)

Matthews on Obama’s debate performance: “[D]id it surprise you that he was so un-ethnic tonight?”

During MSNBC’s post-presidential debate coverage, host Chris Matthews asserted that “we don’t know who won this debate ’til we know how, to put it bluntly, the white working class guy, the regular working stiff out there, responds.” He later asked Washington Post columnist Eugene Robinson: “[D]id it surprise you that he [Obama] was so un-ethnic tonight? That he never once talked about the condition of African-Americans in this country, never once talked about poor people, never once mentioned poor people, never once talked about the underclass.”

Matthews has previously questioned whether Obama can “now win over the regular folks, white folks, against John McCain,” and has asked whether Obama can “connect with regular people” or if he appeals “only appeal[s] to people who come from the African-American community and from the people who have college or advanced degrees.”