Category Archives: Affirmative Action

Freddie & Fannie Come Calling … Ad Infinitum

Affirmative Action, America, Bush, China, Debt, Fascism, Sarah Palin, Socialism

“Spare some change, please? Forget that. Hand over another $8.4 billion to “Fannie Mae and sister company Freddie Mac.” “The Obama administration,” reports “My Way,” had “pledged to cover unlimited losses through 2012 for Freddie and Fannie, lifting an earlier cap of $400 billion.”

This via Jeff Tucker, in case you forgot who and what contributed to this affirmative-action driven downturn, here’s a New York Times’ story from 1999:

In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets — including the New York metropolitan region — will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates — anywhere from three to four percentage points higher than conventional loans….
In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980’s.

Back in 2008, some analysts had quipped that only North Korea and Cuba were more socialist than the US in the wake of the Fannie and Freddie bailouts. This space has regularly excoriated Republican hacks for referring deceptively to our cherished “American freedoms.” (Also see BAB’s “Fascism Rising” series of posts.)

As Jim Rogers pointed out, you have a free market in housing in China. If you watch this clip, be reminded not only of Bush socialism, but of the socialism of Palin, “Bush In A Bra.” Rather than shutting F&F down, a solution to which Repbulicans are now paying lip service, Palin wanted to fine tune the mortgage miasma; make it smaller and smarter.

I would add that, as a prelude to the discussion of our economic woes, it has become fashionable for commentators to condemn socialism for the rich; this makes one look benevolent. As execrable as corporatism is, it is no reason to ignore the massive wealth transfer from taxpayers to the poor in the context of F & F, a commitment that has contributed immeasurably to the economic meltdown.

Updated: Liberty And The Civil Wrongs Act

Affirmative Action, Barack Obama, Bush, Liberty, Private Property, Race, Racism, Regulation, Republicans

The excerpt is from my WND.COM column, “Liberty And The Civil Wrongs Act”:

“The Obama administration, like the gang it replaced, has intervened on the side of a mutant strain of affirmative action – a ‘race conscious’ admissions process practiced at the University of Texas at Austin, now being contested by two white plaintiffs. In case the conservative base reverts to its default position – a belief in the superiority of Republican tyranny – I’ll remind it that Bush had helped to legitimize this proxy-for-race admissions process at the University of Michigan Law School.

In what was surely a triumph of Clintonian triangulation tactics, Bush, in a 2003 legal brief, ostensibly challenged racial preferences at Michigan Law, while simultaneously encouraging, instead, the use of racial cue cards in the admissions process. For example, an applicant could hint heavily at having overcome hardship (‘such as having been shot,’ quipped commentator Steve Sailer at the time).

Housebroken conservatives will reach for the smelling salts at what I am about to say next – they do so each time an attempt is made to explore the effects on liberty of one overarching and overreaching bit of legislation. The culprit in these crippling codes for university admissions – and in hiring, firing, renting, and money lending – is the Civil Rights Act of 1964, the ‘most radical law affecting civil rights ever passed by any nation’ …

The complete column is “Liberty And The Civil Wrongs Act.”

Do read my libertarian manifesto, Broad Sides: One Woman’s Clash With A Corrupt Society.

The Second Edition features bonus material and reviews. Get your copy (or copies) now!

Update (April 4): I hope I have misunderstood Myron’s anti-South stereotypes. Myron seems to have great faith in the power of legislation to renew communities. Alas, the Civil Rights Act most certainly did not “transform” the South for the better. Someone has swallowed whole “HOLLYWOOD’S HATEFUL HOOEY ABOUT THE SOUTH.” The South of John Randolph of Roanoke and John C. Calhoun was aristocratic, if anything. The War Between the States destroyed a patrician way of life.

I recommend Albion’s Seed: Four British Folkways in America by historian David Hackett Fischer.

Updated: ‘Conservatives’ Pine For Post Office

Affirmative Action, Debt, Free Markets, Labor, Multiculturalism, Republicans, The State

Chuckie Krauthammer hasn’t visited a United States Postal Service office lately. As a regular on Bret Baier’s Special Report, he was asked to prognosticate about the future of the USPS monopoly I described thus:

Having used the Canadian, South African and European equivalent services, I can safely say that there is no viler or more inhospitable dump than the United States Postal Service. The latter is far and away inferior to the aforementioned rival monopolies. Enviously I eye the items my mother posts from the Netherlands. Whereas mine are festooned with at least two labels per package; hers are form-free, care free, shipped with ease.

The Postal Service is in the red, for a change, “could lose a staggering $7 billion this year,” and “posted $3.8 billion in losses last year.”

The fattened Postmaster General John Potter is seeking some kind of mandate (and funding presumably … from China) to “move the Service forward.” He wants to “reinvest, redefine and reinvigorate the value of mail to business and households.”

Fighting for the USPS, its “$70 billion in unfunded liabilities, and the parasitical existence of 800,000 postal workers who live off the Federal Financing Bank (read: the taxpayer),” is Republican Sen. Susan Collins, R-Maine.

“If you cut back services, you’re going to lose customers,” she stammered, as if the USPS has “customers”; it has captives, pinned down like butterflies by grotesque “service providers.”

In the name of tradition, Chuckie Krauthammer expressed nostalgic sentiments for the postman who came no matter the weather, and recommended rehabilitating this institution.

As I said, he clearly has not frequented a post office in a while. It’s a monument to the multicultural Managerial State and is packed with sour, affirmative action hires who speak in tongues. Grandma in a remote hamlet is unlikely to get her mail delivered by a friendly old timer. Oh no, those government jobs are reserved for “minorities.”

Update (March 3): A reminder: this post is about conservatives supporting the continued nationalization of a service delivered magnificently and morally by the free market. I’m sorry liberty lovers feel it is unworthy of their attention.

Update II: No-WASP Scholarship (Whites: Wither!)

Affirmative Action, Ilana Mercer, Labor, Left-Liberalism And Progressivisim, libertarianism, Multiculturalism, Outsourcing, Private Property, Race, Racism, The West

VDARE’S SLEUTHHOUND Rob Sanchez has uncovered a scandalous tidbit that might amaze even those (like himself) who deal daily with the workings of the Treason Class:

Bill Gates Scholarships Exclude White Kids [Poor whites too]

By Rob Sanchez, VDARE.COM

When I saw a webpage by the “National Policy Institute (NPI)” titled Bill Gates: White kids not eligible for my scholarships I thought it was just a baseless rant. The commentary didn’t provide any references which added to my skepticism that it was a hoax

Bill Gates has made his scholarship fund off limits to white teenagers. The Gates Millennium Scholarship fund is financed by a $1 Billion endowment Bill Gates made in 1999. The fund explicitly denies eligibility to white students.

“Students are eligible to be considered for a GMS scholarship if they: Are African American, American Indian/Alaska Native, Asian and Pacific Islander American, or Hispanic American;”

I decided to do some research in order to debunk this rumor before it starts racing through the internet. Much to my displeasure I confirmed that it’s true that the Bill Gates scholarship intentionally excludes white people. Actually it excludes many races besides Caucasian. Keep reading to understand how I came to that conclusion — and don’t worry — I will provide enough references to make your head spin!

The first place to go is the source — the Gates Millennium Scholarship home page. The NOMINEE PERSONAL INFORMATION FORM 2010 reveals a few disturbing surprises — scroll down to Item #8 where you will find that U.S. Residency is required, and then you must choose from the following choices:

* U.S. Citizen
* Permanent Resident / National

If you are a permanent resident or a foreign national you are required to enter your “COUNTRY OF CITIZENSHIP”. So, in other words you don’t have to be a U.S. Citizen but you do have to be a legal alien, which might mean nothing more than having a student visa. It might sound like anybody in the world is welcome to apply for the scholarship but item #9 quickly disproves that idealistic notion. My first impression is that somebody made a mistake on the form:

Race/Ethnicity – REQUIRED (YOU MAY CHECK ONLY ONE, EVEN IF YOU IDENTIFY WITH MORE THAN ONE OF THESE GROUPS. IF CHECKING AMERICAN INDIAN/ALASKA NATIVE,ASIAN PACIFIC ISLANDER AMERICAN, OR HISPANIC AMERICAN, ALSO IDENTIFY A TRIBE OR ETHNIC SUBGROUP IN THE BOXES PROVIDED.)

You must choose one of the following:

* African American
* American Indian / Alaska Native
* Asian Pacific Islander / American
* Hispanic American

By now you have noticed that “Caucasian” isn’t offered as a choice but at this point I thought it was a mere oversight. The FAQs page gives answers to some of the obvious questions:

If a person is applying for their permanent residence or U.S. Citizenship are they eligible to apply for the Gates Millennium Scholarship?

A student is eligible to apply for the Gates Millennium Scholarship if (he or she) is a citizen, national or legal permanent resident of the United States

What are the requirements for the American Indian/Alaska Native designation for Gates Scholar Nominees?

American Indian/Alaska Native students will be asked to provide proof of tribal enrollment or certificate of decent from a state of federally recognized tribe if selected as a GMS candidate finalist.

What are the eligibility criteria for the GMS program?

Students are eligible to be considered for a GMS scholarship if they:

• Are African American, American Indian/Alaska Native, Asian Pacific Islander American or Hispanic American • Are a citizen, national or legal permanent resident of the United States

What ethnic groups comprise Asian Pacific Islander Americans?

Asian Pacific Islander Americans include persons having origin from Asia and/or the Pacific Islands. Asian includes persons having origins in any of the original peoples of the Far East, Southeast Asia, or the Indian subcontinent. Pacific Islander includes persons having origins in any of the original peoples of Hawai’i, Guam, Samoa, or other Pacific Islands. Citizens of the republic of the Marshall Islands, Federated States of Micronesia, and the Republic of Palau are also eligible to be nominated.

The NPI report isn’t new news as you will see from the following papers.

Theodore Cross, writer at the The Journal of Blacks in Higher Education, wrote a paper in 1999 that discusses the history of the Bill Gates scholarship: “Bill Gates’ Gift to Racial Preferences in Higher Education“. Make no mistake, Cross thinks it’s a darn good idea that Gates discriminates against whites, and he isn’t very subtle about it either:

Racial conservatives are correct. The huge billion-dollar Gates Millennium Scholarship program is racially discriminatory. The terms could not be cleaner. Whites may not apply!

Theodore Cross hasn’t been very sympathetic in other writings either: The Folly of Setting a Grand Theory Requiring Race Neutrality in All Programs of Higher Education“, 2000.

If you believe that there should be no room whatsoever for any race-conscious policies in higher education, have a careful look at the legions of university programs that are now in place. You may then change your mind. In fact, what you see may cast some doubt on the theoretical underpinnings of the Hopwood ruling banning all considerations of race in student admissions.

Cross has written many other papers, like for instance: “Barack Obama is the Superior Choice for African-American Voters“, 2007.

For the first time in the history of our country, a black man has a credible chance of becoming president of the United States. After the long nightmare years of slavery, lynchings, Jim Crow, and enduring race discrimination, one would expect that, in the upcoming presidential primary contest, Illinois Senator Barack Obama would be the overwhelming choice of black American voters.

I want to conclude with a few other opinions mostly because it’s interesting to see the cold and indifferent ways discrimination against Caucasians is discussed in academic circles, and how widely it’s understood that the Gates scholarship is discriminatory.

Towards an Establishment Clause Theory of Race-Based Allocation after Grutter: Administering Race-Conscious Financial Aid“, Maurice R. Dyson, Southern Methodist University, Law School, 2004

Thus, there is a multi-layered analysis of private choice. The private choice of donors to restrict aid on the basis of race and the private choice of scholarship recipients to direct the aid to whatever institution would be acceptable. This accounts for why a Gates Millennium scholarship or United Negro College fund might withstand strict scrutiny for each involves private donors and private recipients without any university intervention.

The Impact of the Gates Millennium Scholars Program on Selected Outcomes of Low-Income Minority Students: A Regression Discontinuity Analysis, Stephen L. DesJardins, Center for the Study of Higher and Postsecondary Education, University of Michigan and Brian P. McCall, Carlson School of Management, University of Minnesota. October 2006

The Gates Millennium Scholars (GMS) program, funded by the Bill & Melinda Gates Foundation, was established in 1999 to improve access to and success in higher education for low-income and high-achieving minority students by providing them with full tuition scholarships and other types of support.

Estimates are provided for each of the minority groups covered by the scholarship (African Americans, Asian Americans, and Latino/a students).

Considering all of the open talk that has occurred for over a decade of time about the Gates scholarship, it’s truly amazing that whites have been so silent. Maybe they don’t care whether their kids get lucrative scholarships, or maybe they feel that designated minorities deserve preferences. Go figure!

[Rob Sanchez] @ 3:15 pm, 2 February 2010

Update I: The fact that this is Gates’ money and he has the right to use it as he pleases should never preclude discussion on the ethics of the man’s deed—a man who has the ear of the US legislature and who works tirelessly to displace American workers.

I’ve said it again and again: on this forum, the discussion does not end with the libertarian law. The real debate is whether civil rights law, which is on the books despite my opposition to such a species of law, ought to be used against this excuse of a man. Reasonable people will disagree on this matter.

Gates uses his influence to ensure taxpayer’s money is used to subsidize imported, redundant, cheap labor. His company is a labyrinth of well-policed, multicultural, volitionally adopted regulations. Some would argue that Hayim’s method is fair game; others will disagree.

Update II (Feb. 5): I find myself addressing and readdressing many of the same pet arguments to which readers prefer to cleave. What about a learning curve? Or, how about addressing the response I gave to a particular pet argument, instead of making me rehash it? That’s one way to advance the debate.

Or, we could compromise: I’ll keep addressing your oft-repeated pet argument. For my efforts and time, you, in return, can buy my book or donate to the site.

Myron, this is a repeat performance.

I agree that “voluntary affirmative action is perfectly acceptable by private firms, but far more problematic when undertaken by government.” Contrary to the civil servant, the private person’s freedom of association ought to be sacrosanct. State institutions don’t have the prerogatives of private property.

But you’ve already advanced the wickedly wrongheaded opinion that whites hurt by affirmative action are playing victim. Instead of petitioning the courts, they should go gentle into that good night. (Easy to say when you’re not one of those whites who gets tossed aside.)

You did so with respect to the case of Frank Ricci, a firefighter from New Haven, Connecticut. Ricci was denied a promotion because he bested all the blacks in the department on a test 77 other candidates took. City officials didn’t like the results, so they voided the test, and put the promotion on hold until a less sensitive test could be developed – one that better screened-out proficiency and ability.

I covered the issue in “Beware of Absolut Libertarian Lunacy.” Somewhere in the BAB archive is a thread similar to this one.

White men like Ricci are NOT seeking equality of results much as blacks do through coercive civil rights laws. Most are wronged for excelling. These whites are not petitioning for special favors; but against them. If anything, Ricci asked only that the city accept inequality of outcomes; accept that not all are created equal.

Flipping them the finger is worse than flippant; it’s twisted.

Back to what y’all can do to make up for my dedication to supplying you with a forum and patiently addressing repetition (such as Hugg’s devotionals to the Republican Party). The publisher of Broad Sides, who also supplies Amazon, tells me that those of you who spoke of buying the book in bulk for your errant friends and relatives most certainly have not done so.

I’m waiting.