It’s hardly a secret that those in the field of 2020 Democrat presidential hopefuls are pulling out all the stops with some of the most outrageous giveaway proposals in order to coalesce support among intellectually indolent identity groups. Some of these are being rehashed – such as pledges to institute reparations for slavery for black Americans – but inasmuch as all are being presented as newly minted, and some folks may not be of sufficient age to have seen them proposed in the past, revealing these for what they truly are is, at this juncture, a prudent measure.
Most of the grander schemes far-left Democrats propose have the redistribution of wealth (confiscation of taxpayer dollars) as a major objective, although this is never discussed. Those with the most rudimentary understanding of economics know that universal “free” health care or higher education would lead to economic stagnation the likes of which we’ve never seen; those proposing these policies simply hope that the economic folly and dire consequences will be handily overlooked in light of the enticing promises of free stuff.
Pete Buttigieg, the celebrated mayor of South Bend, Indiana, whose chief qualification for political office is apparently a proclivity for preferring sexual relations with other males, is one of those vying for the Democratic presidential nomination. On his campaign website, Mayor Pete has rolled out a comprehensive plan for ameliorating all of the woes of blacks in America. Called “The Douglass Plan” (after former slave, social reformer and statesman Frederick Douglass), it promises to resolve or advance such issues as health equity and justice, schools, black history, criminal justice reform, equal employment and business opportunity, public health, infrastructure, environmental justice, voting rights, the Electoral College and fair political representation – all as they relate to black Americans.
Curiously, all of this is framed as though these are issues about which Buttigieg is uniquely enlightened and uniquely qualified to address.
Apart from the shameless usurpation of Douglass’ name (as an escaped slave, Douglass himself was vehemently anti-Democrat, that being the party of slavery at the time), the page reads like one of those interminably long web ads for some cheesy weight-loss program or plutonium-powered flashlight. Like Obamacare, if one reads between the lines, it’s easy to see the stealth money and power grabs therein.
More significant than the grandiosity and narcissism inherent to this plan is the fact that all of the problems cited on Buttigieg’s webpage from which black Americans suffer can be directly traced back to the policies of liberal Democrats. Further, most of them were instituted expressly to keep blacks socially and economically disenfranchised – and seeking aid from their Democratic overlords – in perpetuity.
An even more outlandish and dangerous policy proposal has been made by Sen. Kamala Harris, D-Calif. Two weeks ago, Harris unveiled a $100 billion plan she promised to advance as president to increase black homeownership. Speaking at the 2019 Essence Festival in New Orleans on June 6, Harris called homeownership “historically one of the most powerful drivers of wealth in our country,” and pledged to “remove barriers that black Americans face when they go to qualify for a home loan.”
This “investment” by the federal government (taxpayers) “to put homeownership within the reach for those who live in redlined communities” may sound attractive to struggling black families who’ve been convinced that rich whites are the reason they can’t afford to own a home or who aren’t aware that redlining (race-based lending criteria) is illegal, but there’s an even bigger problem here than Harris’ duplicity or the inordinate percentage of economically challenged blacks:
It’s already been tried, and with disastrous results.
Nearly all Americans who can read remember the subprime mortgage crisis and the economic implosion of 2008, from which many are still recovering. This can be directly traced to The Community Reinvestment Act, a 1977 federal law ostensibly designed to encourage banks to help meet the needs of low- and moderate-income borrowers. The law was repeatedly tweaked by both Democratic and Republican lawmakers and administrations over the ensuing 30 years, largely to ingratiate politicos to those low- and moderate-income borrowers, but the machinations of some involved had far more sinister motives.
As I and others noted repeatedly during the Obama years, The Community Reinvestment Act was horribly abused by certain lawmakers and activists, some of whom were closely following the Cloward-Piven strategy of Orchestrated Crisis. This was a protocol that called for overloading the public welfare system in order to precipitate an economic crisis so profound that it would lead to a replacement of our government with a hardline socialist one.
Subsequently, irresponsible mortgage lending – particularly to lower-income ethnic minorities and the marginally solvent – was encouraged, and many banks were threatened with litigation by unscrupulous lawmakers and activist groups if they failed to comply. Some of these groups (most notably, The Association of Community Organizations for Reform Now, or ACORN) had very close ties to the Obama cabal, and some were card-carrying communists. The financial crisis that came to a head in October 2008 following widespread defaults on these loans had worldwide implications and, despite the economic woes suffered by millions as a result, certain Democratic apparatchiks cashed out to the tune of hundreds of millions of dollars in the fray.
To this day, the only economists who contend that The Community Reinvestment Act did not play a major part in this crisis are those firmly ensconced in the far-left camp.
Long story short: In addition to the tiresome Democratic refrain of soliciting money and power in order to fix problems they have in fact created for black Americans, the potential for devastating consequences attendant to superficially attractive proposals such as the ones floated by Buttigieg and Harris are clear. Many of these have, as Cloward, Piven and their acolytes acknowledged, hastening the fall of capitalism as their chief objective.
Which, as we know, is what the left has always been about.
Article posted with permission from Erik Rush
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