Thread: The dog returns to his vomit

From the VDARE Blog: "That the Dog returns to his Vomit ..." Obama Administration Has Learned Nothing From The Minority Mortgage Meltdown
By James Fulford

There's a saying, popular with members of Alcoholics Anonymous, that "Insanity is repeating the same thing over and over, expecting a different result." Kipling, following Proverbs 26:11, preferred "That the Dog returns to his Vomit," which refers to the habit of some dogs of trying to re-eat something they couldn't keep down in the first place.

As an example of this kind of behavior, two stories highlight the fact that the Obama administration is still trying to get bankers to lend more money to minorities--minorities who by definition aren't credit-worthy, or the bankers would want to lend to them. (Japanese-Americans, by contrast, have little difficulty getting mortgages.) Hans Bader writes at Examiner.com that

Obama backs corrupt status quo in financial rules overhaul
The mortgage crisis was caused largely by the reckless government-sponsored mortgage giants Fannie Mae and Freddie Mac, and by federal affordable-housing mandates. But Obama’s proposed financial rules overhaul does absolutely nothing about Fannie and Freddie, admits Obama’s Treasury Secretary, tax cheat Timothy Geithner, even though he admits that “Fannie and Freddie were a core part of what went wrong in our system.â€

As an example of this kind of behavior, two stories highlight the fact that the Obama administration is still trying to get bankers to lend more money to minorities--minorities who by definition aren't credit-worthy, or the bankers would want to lend to them



As I've mentioned previously, this was made perfectly clear from the time the meltdown story broke.

The CBC and CHC hosted a televised town hall style forum which I caught, literally in the middle of the night, where they addressed the issue with minorities, the people and organizations which represent them.

I remember that Maxine Waters was one of those in attendance and I'm fairly sure so was Shelia Jackson-Lee, as well as a host of others.

Those people sat right there and responded to questions and concerns by stating....uncategorically.....that they could assure the "minority communities" that the lending programs for them would not only continue but be expanded.

They had no doubts about this, no qualms in saying it, and they could no reiterate enough how forward they were looking to working closely with an obama administration to guarantee that those "truly deserving of homeownership in this country" received those homes.

And I don't doubt for one minute that they will get those homes.......which will be owned by the government just as surely as they will be owned by the government.

It's the perfect set up really. The obama government provides the home and in return tells them how they will vote, where they will work, how much they will make, etc.

Sound familiar to any other unappetizing form of government we've seen emerge around the world?

All too familiar. Well stated azwreath.

The headline says it all!! Excellent post agrneydgrl!! If we can't learn from our mistakes, what do we have to learn from? Obama is just another Bush.

If Bush was a bad dream, then Wonder Boy would have to be a horrendous nightmare. JMHO

Originally Posted by roundabout

If Bush was a bad dream, then Wonder Boy would have to be a horrendous nightmare. JMHO

You can say that again!! Not only has Obama DESTROYED the "change" that he has promised, he has made a situation that Bush started far worse!! I USED to at least think that the whole New World Order was a joke, but I now think that it has more relevance especially since Obama is nothing more than an extension of the previous administration. I am so happy to say "I didn't vote for him". I don't have to suffer the karma that the Bush voters did and are still suffering today.

"karma"... From where I am sitting Bush is starting to look like a canidate for sainthood, and too think that only 5 months have passed.