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Rumor Mill News Reading Room, Current Archive

Epoch Times: Larry Elder - "The Great Recession: ‘Reparations’ Gone Bad"

Posted By: hobie
Date: Saturday, 9-Jan-2021 07:27:42
www.rumormill.news/138609

=====

The Great Recession: ‘Reparations’ Gone Bad
by Larry Elder

Commentary

Some of the Democratic candidates for president support studying reparations to blacks to compensate for slavery. But in many ways, America has made reparations to blacks. What are race-based preferences if not a form of compensation for historical wrongs? Many cities have “set-aside” programs that award government contracts to minority contractors. President Lyndon Johnson pushed his Great Society programs to “end poverty and racial injustice.”

But few think of the federal government’s housing policy, particularly the Community Reinvestment Act, or the CRA, as a form of reparations. But that is exactly what it was and still is. In many ways, the so-called Great Recession of the late 2000s was a product of affirmative action and a form of reparations gone bad. Really bad.

Continues - paywall w/ some free each month:

https://www.theepochtimes.com/the-great-recession-reparations-gone-bad_3198422.html

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AN EXPLANATION OF THE FACTIONS