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Answers to credit woes are not in black and white
The Atlanta Journal-Constitution
Among blacks, 52 percent have credit scores that would classify them as subprime borrowers.
In metro Atlanta, 49 percent of blacks wind up with a subprime mortgage.
Among whites, 16 percent have managed their personal credit so poorly that they’d be classified as subprime borrowers.
In metro Atlanta, 13 percent of whites end up with subprime mortgages.
What’s the lesson here? In recent decades, a cult has grown on the premise that discrimination is a defining characteristic of business, banking, education, criminal justice, the federal response to disasters and most every other institution of the American culture and life. Often it’s based on some quick analysis of numbers, often done by advocacy organizations, showing racial differences in outcomes.
Without question, more blacks (49 percent) than Hispanics (34 percent), more Hispanics than whites (13 percent) and more whites than Asians (10 percent) used subprime loans to buy a house. As the AJC headline put it, black Atlantans are “frequently snared by subprime loans.”
“Frequently snared” suggests that individuals walking down the street were accosted by greedy or unscrupulous lenders on the basis of their race and impaled with subprime loans. A similar phrasing is often employed by activists convinced that discrimination is rampant in the criminal justice system because, disproportionately, more blacks are in prison. The usual entry point is “more in prison than in college,” failing to note that the college-age years, normally18-24, are a fraction of an adult’s life.
Similar “studies” — most often done by advocacy groups, sometimes done by news organizations and rarely done by serious researchers — ask individuals whether they “feel” victimized by discrimination or whether they “think” it exists.
The point here is that casting every phenomenon as discrimination based on a simple analysis of disparities or on what individuals think cultivates ill will and increases the perception that the world is cruel and foreboding place that whimsically “snares” individuals for punishment on the basis of some identifying feature, usually race.
Those who believe that naturally seek recourse in government. And more government. Activists and politicians cultivate the belief that discrimination is extant and entrenched because that belief is central to their power, wealth and re-elections.
It’s not surprising, therefore, that they look at numbers showing that blacks are more likely than whites to take out high-interest subprime loans, and that defaults and foreclosures on those loans have risen sharply, and see a need for more government.
But problems wrongly identified lead to the wrong solutions.
If individuals are making bad borrowing choices or if they’re failing to manage credit properly — which would seem to be the case when more than half the blacks in metro Atlanta are pushed into the subprime category — a different remedy is required.
A fix that requires lenders to push out more money, or to price credit differently, to “overcome” the presumption of race discrimination would worsen the problem. That’s especially true if, in fact, individuals are making uninformed choices about how much house they can buy, what to look for in a home, how to manage savings and debt, and how to shop for mortgages.
While discrimination may sometimes be real, the marketplace is brutal to lenders and to businesses that improperly price their risk or make foolish business decisions. The Citigroup Inc. board just canned its chairman and chief executive officer, Charles Prince, for bad-debt losses. The Merrill Lynch & Co. board just did the same with CEO Stan O’Neal for bad investment decisions in subprime debt. Besides that, government and news organizations would excoriate lenders suspected of discriminating racially.
It’s not as sexy as institutional discrimination, but the remedy here is education. Financial education and credit counseling. Potential borrowers should know where to look for loans and how much they can afford. Dealing with the neighborhood check-cashing outlet or the store-front broker or lender, not discrimination, is the likely culprit.
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DEL.ICIO.US
Comments
By Rick in Lawrenceville
November 6, 2007 8:42 AM | Link to this
Our elections are open to significant voter fraud. Boards of Elections across the country have not been checking the citizenship of voters. This is one of the essential requirements of voting in any local, state, or federal elections. Most Boards of Elections will readily admit that citizenship checks are not being done.
This opens up the possibility that voter fraud by non-citizens/illegal aliens could affect the outcomes of many political races across the country, especially with the number of close elections.
The following states currently grant or in the recent past have granted drivers licenses to illegal aliens:
(1) New Mexico (2) Maine (3) Hawaii (4) Michigan (5) Oregon (6) Utah, has issued a different type of license to illegal aliens after 2005 (7) Washington (8) Maryland (9) North Carolina until August, 2006 (10) Tennessee until May, 2007
Elections in these states are certainly open to fraud by illegal aliens since they possess government issued photo identification needed to cast a ballot at a polling center.
Elections in other states are at risk due to the reciprocity agreements between states to exchange drivers licenses between these states and those that do not “originally” grant these licenses to illegal aliens. These new drivers licenses are granted without citizenship checks.
Voters are signing affidavits affirming their US citizenship under penalty of perjury. However, significant numbers of illegal aliens have procured and presented false documents for employment purposes and to obtain other benefits given only to US citizens. This evidence suggests that the mere penalty of perjury will not deter non-citizens from falsely affirming their US citizenship for voting purposes. They have a large stake in the outcomes of local, state, and federal elections.
I ask what will be done to prevent voter fraud from non-citizens affecting the outcomes of our election processes?
By Glenn
November 6, 2007 8:42 AM | Link to this
Ah, education. “The great mumbo-jumbo and cure-all of our times!”
By Lyn
November 6, 2007 8:49 AM | Link to this
I sense that many don’t understand the source of consternation coming from minority groups—especially African-Americans.
It’s true that more whites are poor than blacks. But, most blacks are poor while most whites are not. (It’s important to understand this mathematical distinction). As a result, policies that create additional hardships for the poor disproportionately affect the black community and disproportionately do not affect whites.
So, for me, it’s clear why blacks feel discriminated against and are more vocal when unnecessary obstacles to climbing out of poverty are created.
By Camus
November 6, 2007 8:52 AM | Link to this
Wooten notes that 49% of African-American Atlantans have credit ratings pegged as sub-prime, while only 16% if whites rate this poorly. But our resident dissembler never takes the time to question why that might be. Surely Wooten is not suggesting that blacks are inherently less responsible than whites, that this statistical disparity results solely from black shiftlessness and disregard for social norms.
Far be it for a blinkered conservative to ask if, perhaps, there is some cause underlying this disparity that is systemic and entrenched.
The subprime crisis goes well beyond black and white, and exemplifies many aspects of class disparity not seen since the massive foreclosures of the late 20s - early 30s. And because the question of race in this country has always been inextricably tied to issues of economics and class, it is impossible to address honestly without a clear discussion of how institutional racism has served to create our current class structure.
The easy anecdotes about people who bought mcmansions when it was financially foolish provide stories akin to Reagan’s Cadillac driving welfare queens buying vodka with food stamps; that is, a convenient fairy tale that allows the Wootens among us to pretend that this problem is about personal irresponsibility, particularly the myth-confirming shiftlessness of black people.
Wooten may wish there were no racial component to this issue. But you can wish in one hand and $hit in the other…tell me which one fills up first.
By TW
November 6, 2007 8:55 AM | Link to this
Kudos to Mr. Wooten for reaching across the aisle with his admission that education is the key.
We all know too well what lack of education will do - and not just in how it translates to the lending woes.
In 2004, the ten states with the lowest SAT scores ALL voted for the re-elction of Republican George W. Bush.
Yes, Mr. Wooten, I’d say this country is long over due for some education.
By No Laughing Matter
November 6, 2007 8:59 AM | Link to this
Of course there is no discrimination in the world. Who better to tell us that plain truth than a older, white, upper class Southerner who is just slightly to the left of David Duke? Thanks, Jim, for your candidness and forthrightness. We can rest easy knowing the principle of “all men are created equal” lives on.
By jbmlaw
November 6, 2007 9:05 AM | Link to this
Good morning all. I have been in banking more than 30 years, in various capacities. Jim suggests “discrimination may sometimes be real…” I will confirm the truth of that allegation, but just barely. In my regulator days I worked in more than 300 banks, and I remember an arguable allegation of racial discrimination in one, and a sustainable charge of age discrimination in another. Bankers are a greedy lot, and truly the only color they care about is “green.”
So why do black folks leave bills unpaid, or file bankruptcies, in numbers disproportionate to the income level? And why is a delinquency on an eastern asian’s credit report remarkable? Jim affirms the problem is the secret handshake, that Japanese- and European-Americans know something about financial management not taught in African-American homes. I don’t have a better explanation, but realistically I don’t care.
The careful selection of risks among the high risk community is a glorious profit opportunity; by finding diamonds among the coals, I can make a pile of money, by ensuring access to credit markets for people who are shut out otherwise. I am a “predator” in the leftist lingo, and my clientele is grateful for me. Of course, the national socialists are trying to close my loophole, and shut out entirely the subprime customer.
By One
November 6, 2007 9:06 AM | Link to this
Jim, you’re an ignorant racist, if I ever saw one! Education? Remember the days when blacks were not allowed to get an education, no matter how badly they wanted one. Remember how they were beaten and hosed and hung, because they were not even considered to be a whole person (less than 100%)!! Fast forward to today, and the discriminating ways blacks are continually denied something they are entitled to just because they’re not thought to be “good enough”! And you have the nerve to spout this ignorance!!!! Jim, this is truly your lowest moment……….as well as the AJCs!!!!
By jbmlaw
November 6, 2007 9:09 AM | Link to this
Closely related to the topic, philosophically:
My favorite curmudgeon, Tom Sowell, has a great essay this morning, “Stop ‘Making a Difference.’” Even our leftist friends might by amused by his not-entirely-political rant. http://www.townhall.com/columnists/thomassowell/archive.shtml
By Subterranean
November 6, 2007 9:20 AM | Link to this
These sub-prime loans should have never been allowed. They were tailored to appeal to 1) those who could not realistically afford a home loan, 2) those who, driven by greed, would bite off more than they should, or 3) those who were gambling that they could buy low and sell high. The first group probably deserves some sympathy and assistance in the form of loan restructuring and credit counseling. The other two groups, as well as the fast-buck companies that offered the loans deserve every hard knock that a market-driven economy can throw at them.
Regarding the racial component of the story, it is unfortunate that many use the battle-cry of prejudice to obviate personal responsibility. Alas, the so-called civil rights leaders have a vested interest in perpetuating a victim-mentality. The day we have a color-blind society is the day they are unemployed.
By Carrie
November 6, 2007 9:24 AM | Link to this
The problems arising out of improperly underwritten subprime loans and predatory lending aren’t limited to the borrower. The small investor is impacted as well, and all the education in the world couldn’t have helped us determine if our mutual fund was riskier than the rating agencies claimed.
Wooten’s education proposal is sound, but the solution shouldn’t stop there. Like so many right-wing ideologues, Fed Chairman Alan Greenspan chose not to do his job as regulator by enforcing the Home Ownership and Equity Protection Act (HOEPA) which obligated him to stop unfair and deceptive lending practices. In fact, this highly educated man was verbally encouraging subprime lending and taking credit for a housing boom (but accepts no blame as it begins to burst).
By Ben
November 6, 2007 9:27 AM | Link to this
In a slightly different world, this column might be defending brokers from commenters who think bankers are coldhearted because they won’t give home loans to high risk borrowers. Oh wait, that happened like 10 years ago, which is why we got sub-prime loans, to help poor people at the behest of politicians and activists. Then when they high-risk loans went belly-up (big surprise), the only people not blamed are the ones who signed on the dotted line.
By Glenn
November 6, 2007 9:33 AM | Link to this
Camus, your argument is pristine, in my opinion, and Lyn’s preceding explanation makes a nice lead-in.
By Curious Observer
November 6, 2007 9:46 AM | Link to this
It stands to reason that a social group consisting mostly of poor and poorly educated individuals—in this case African-Americans—is likely to have more credit problems than a social group that has a lower proportion of poor and poorly educated people—in this case Caucasians. The disparity is indeed racial, but not inherently so. We have only succeeded in moving from blatant red-lining and job discrimination to more subtle forms of racial and economic discrimination—in job opportunities, in educational quality, and in family support functions undertaken by governmental entities. All this decline has occurred within a context of the imposition of Republican values—e.g., pile billions in tax cuts upon the most economically stable class, while withdrawing government support for the poorest among us—taking away welfare, educational grants, government-supported health care, and just about any other government program that might give a black person a helping hand to climb the social ladder.
What Wooten neglects to mention in his contrast of Asian-Americans and African-Americans is the quite obvious difference in the educational experiences and attitudes toward education of those two groups.
In short, Wooten’s implicit condemnation of blacks is the equivalent of the child molester’s castigation of the police for not protecting children better. Wooten wants to pretend that there is no reason, other than poor decision-making, that African-Americans form such a large proportion of those caught in the sub-prime mortgage meat-grinder. In fact, it is the political policies that Wooten advocates that account for the continued miring of African-Americans in poverty and inability to afford homes. Got a problem with the low quality of education in predominately black schools? Well, the solution is to give wealthier white people vouchers to get their children out of those schools. See large numbers of unwed black mothers giving birth to children? Well, the solution is to take away as much government support for those children as possible. Fewer blacks going to college? Well, take away Pell grants and other forms of government scholarship assistance. And whatever you do, don’t try to address the problem of the low proportion of home ownership among African-Americans by using government support programs, as the Democrats did with the $2,000 tax credit for home-buying.
And so, the racists among us—that includes Dusty, jbmlaw, tftt, and of course Wooten—want to pretend that every racial group has an equal opportunity to buy homes. Perhaps we also should take a look at the greed existing among the brokers who arranged those sub-prime loans, knowing that those “adjustable” mortgages would soon render the new homeowner unable to repay them. Above all, go look in your mirror, Republicans, to view the principal source of the problem.
By Despise Lies
November 6, 2007 9:48 AM | Link to this
While I agree that education does in fact need to happen, it extends far beyond money, but to everything in else in life that requires you to be responsible. When purchasing a dvd player, automobile, or basically any kitchen appliance, one receives a owners manual or instruction booklet to “teach” you how to operate it to the best of it’s ability, however for life, babies, money, etc. we are just set free to “figure it out”. Based on past generations, the emphasis in black homes is placed upon surving one day to the next, and not so much on “the secret handshake” mentioned earlier. When the aspects of how money “works” are taught things can begin to turn around eventually. The same will ring true for rearing children and so forth. Unfortunately in contrast to Jim W’s analogy, it may include taking a step backwards and providing governmental input in order for this segment of society to take two steps forward. Being a Black American, but being an American first, I can attest that this is a generational curse and not solely based upon “bad” choices.
By BUD
November 6, 2007 9:51 AM | Link to this
IN MY HOEMTOWN PEOPLE BOROWW MONEYS TO BUY A BIG HOUSE AND THEN THEY KEEP BOROWWING MORE MONEYS TO BUY NEW CARS ADN BIG SCREEN TVS AND OTHER STUFF BECUASE THATS HOW YOUR SUPPOSED TO LIVE. THEY CANT PAY THIER BILLS BUT THATS OK THEY JUST FILE BANKRUPCY AND GET TO KEEP ALL THAT STUFF FOR FREE. THEY JUST LAUGH AND SAY PLYING BY THE RULES IS FOR CHUMPS BECUASE THE GOVERMNENT WILL BALE THEM OUT.
By Adam
November 6, 2007 9:54 AM | Link to this
The underlying story here is an example of agenda driven news reporting. While the particular subject changes daily, the agenda is constant. Everything is reported in terms of “blacks, women and children hardest hit”. Rather that simply reporting facts, all stories are written with the oppressor vs victim slant. It may be just the “making a difference” attitude of reporters that compels them to view themselves as world saviors constantly fighting the good fight on behalf of their democratic idealism. Or it may be inept lazy reporting, simply taking press releases straight from advocacy groups without question or independent analysis or thought.
Whatever it is, the pattern in newspapers and TV news has become predictable and mindnumbingly boring. Agenda driven reporting is what is driving down readership and network ratings.
By itismeagain
November 6, 2007 9:55 AM | Link to this
The reason subprime loans were attracted to anyone is that it resulted in a low monthly mortgage payment to start with and folks so it as an opportunity to have more money in their pocket each month. Instead of using the “extra” money in the pocket toward the mortgage or “saving” it for a rainy day. The money was spent more than likely for other non-essential things. All of this was done with no forethought to the day that their mortgage would jump sky high!! While more blacks fell prey to this than whites … lets face it in there is always going to be one group “less” than another group. There is always going to be better atheletes from one race than another race. There is always going to be more crime in one race than another race. When comparing groups … there is always going to be a group that will be on the bottom. Does this equate to racial disparity! If you took a group of white children and divided them into groups and put them through an obstacle course, there would be a group who would be last. What does that mean? Does it mean that the group has been discriminated against? Does it mean they weren’t provided the same opportunities as the others. When comparing groups there will always be a group that is less than others whether regardless of the comparisons.
blacks are in the subprime loan situation is that they know what they are doing … . they just wanted to take advantage of low monthly payments in order to have more money in the pocket to spend.
By Glenn
November 6, 2007 9:56 AM | Link to this
jbm, good morning. Thanks for the link that’s got Sowell. (As they said on “The Mod Squad”, “Linc’s got soul!”) The background of TS’s overdue rebuke is amusing. At the university where he works, something called the Public Service Center (PSC) annually holds its “You Can Make a Difference!” conference. The title’s pure-form callowness alone is enough to make one such as Tom Sowell report to the campus clinic. The PSC asked yours truly to organize the second annual conference, and I accepted with honor and with the proviso that they name the thing “You Can’t Make a Difference (but do it anyway)”. Amazingly, the PSC took this jest under advisement, conferred upon it, and reported that it had decided to maintain its year-old tradition. So I didn’t get to be the bigshot of do-gooding that year. They took the whole affair so seriously that my girlfriend Vera and I used the material as a darkly funny inside joke long afterward. She now holds a position not unlike Dr. Sowell’s, and I imagine her picking up the paper in Palo Alto in an hour or two and laughing adorably at his good column.
By ron
November 6, 2007 9:57 AM | Link to this
By One,what are blacks entilted to?I was entilted to get off my lazy a$$ and go to work,raise my family and pay my bills.That’s the only entitlement I ever had.And the only one I ever needed.If blacks are entitled to anything other than that,I want it too.
By Truthifier
November 6, 2007 9:57 AM | Link to this
Wow, for the first time ever, I have found nothing to disagree with in Jim’s blog! And in fact, I don’t understand the posts charging him with racism and for some implication that blacks are “shiftless.” I didn’t read that anywhere in his posting today. I read that education is key. While I’m financially sound now, I know that in my younger years I certainly could have used some financial education and guidance. I think we all could. What’s racist about that?
By les
November 6, 2007 10:03 AM | Link to this
Camus,
If Wooten isn’t implying that the black population in this country isn’t responsible for their own woes, I will state it directly. They are. I am sick of all this whining. Oh, poor pitiful me. My ancestors were enslaved, therefore, for centuries and millenia to come I have an excuse to reject education and self-improvement. I have a permanent excuse to behave hideously and reject all efforts to improve my lot.
Someone should say the truth—the education system in this country has been dumbed down and destroyed by the ‘feel good’ patrol. Instead of improving the lot of blacks, we have gutted our entire society to make them ‘feel good’.
Therefore, don’t cry crocodile tears over idiots who have lost their shirts over subprime mortgages. If acquiring knowledge is considered by ‘black leaders’ as acting ‘white’, is the opposite argument, acting stupidly the same as acting black?
You can’t have it both ways. Grow up, get smart or live with the consequences of your exalatation of ignorace.
By Camus
November 6, 2007 10:09 AM | Link to this
Another thought related to today’s topic, with a sincere request for reasoned reply (and perhaps removing race from the equation for the moment).
Sure, we can lament the lack of education that makes individuals bads actors in the game. But my proposition is this:
Our system is designed to create avid consumers and to cultivate consumption, regardless of whether that is an intelligent choice given an individual’s situation. In fact, the cultural education works all too well. The current credit crisis is, in the minds of those behind the policies that led to it, a predictable and acceptable outcome of this policy.
Because the US economy is built upon a vast network of credit, its continued viability is predicated upon steady growth of production and consumption. This constant and increasing consumption by the overall population is the fundamental underpinning of our economy. Without this constant consumption, both dometically and in foreign markets, this house of cards will collapse. Despite the public lamentations over the low rate of savings in our nation, the fact is that if everyone began to save diligently in lieu of buying the latest hdtv/xbox/groovy car, our economy would collapse.
This particularly includes the housing market, one of the main drivers of the economy. People “own” a home; the pool of potential “homeowners” expands due to choices made by the credit market (with the explicit encouragement of Greenspan); property values rise steadily, albeit artificially based upon a variety of factors; people find themselves property rich, which allows them to borrow cash against value, which they can spend on hdtv sets, etc. Meanwhile, non-owners see the owners getting “rich”, and want to join in, thereby driving demand, which increases value on paper, and so on. A lovely pyramid, with about as much solid value rationale as the Dutch tulip market.
This crisis was as predictable as the sun rising in the morning. The policies that led to it (much like the S&L debacle of the 80s) were intentional and deliberate. And the education of the American consumer necessary to support this was efficient and effective.
By Despise Lies
November 6, 2007 10:11 AM | Link to this
Are we also negating the fact that this is a segment of society that began this race far, far, far behind the starting point? At no point in history, anyone’s history, has a people endured so much and then been asked to ‘toe” the line just like everbody else. After 400+ years, yes plus, because it still continues even today been required to just work through it in this manner. We are group that become outraged that Barry Bonds may have cheated, the New England Patriots didn’t play fair, Pete Rose didn’t play fair, but at the same time expect Blacks to play the game successfully when we know full well that discrimination still happens!! Yes, it makes us all uncomfortable but don’t allow that to make us discredit it. It happens!! Business is all about money. Predatory lending is a business…, IE all about the money. Does it not beg that they just may be doing something unethical? Hello…Enron, etc. Money is not the root of all evil, however Evil is at the root of money. The holocaust was despicable by any stretch of the thought process, and this group was given reparations to begin anew. (Governmental assit, Jim!) What has been done in the effort to bring this community back up to an acceptable level? More discrimination? Guilt for needing a hand up? You people sicken me!! There is a BIG difference in asking for a hand out, and a hand up. Think about it. Where would the majority be if they had the same exact start? A comfortable situation allows one to look at things differently. I am not starving, so I view hunger very differently from the person who hasn’t eaten today. Go ahead…, think about that one too.
By Glenn
November 6, 2007 10:12 AM | Link to this
Curiosity,
If Dusty, jbm, tftt (and yesterday @@) are racists, then I’m Spartacus!
By Glenn
November 6, 2007 10:13 AM | Link to this
Truthifier,
How would you, believing nothing, have anything about which to disagree?
By spaceman109
November 6, 2007 10:14 AM | Link to this
one notes that in the beginning, subprime mortgage loans were made primarily to the urban poor. then they spread to the ritzy suburbs where the supposedly way more financially responsible people live. well, they were that way at one time. then, as a general rule, those people thought it was cool to keep on cashing in their home equity to finance a wildly extravagant lifestyle. then bad things happened (take your pick: job loss, reduced income, medical bills from illness, death of a spouse) which put them in a situation where they felt compelled to do a subprime mortgage to have even a ghost of a chance to keep their home. therefore, the subprime mortage products spread far beyond their start in urban neighborhoods.
yes, one notices that some ceo’s have been forced out. boo hoo. i am still trying to figure out how i can become a ceo somewhere, be a monumental screwup, and still get paid many millions to just go away
By BS Aplenty
November 6, 2007 10:14 AM | Link to this
Jim, jbmlaw your comments are spot-on again. I hearby cede all further financial commentary to you both since you have the empowering economic blood of Adam Smith coarsing through your veins.
Camus, Lyn, Glenn, etc. good luck chasing that dream of permanent-victim status.
By ga_tech_92
November 6, 2007 10:19 AM | Link to this
The topic reeks of the entitlement mentality. I am a single parent, who went into debt to fight for custody of my son. I receive no child support. I had to share a cheapo one bedroom apartment with him with no cable (rabbit ears), no cell phone, no bling, no blang, no long distance, no lunches out with friends for about three years. I also made similar sacrifices to put myself through college before having a child, with no government help, parental help, or otherwise. I kept working hard and showed up to work every day, eventually earning respect and a little more money. Still, I did without a lot of things that I look around and see as “normal” and “expected” things in most people’s lives, because when I added up my income and subtracted my bills, I found that there wasn’t enough left. I could have run up extra debt on credit cards, or filed bankruptcy, etc etc…but I didn’t…what I did was cut out ever expense possible and live as cheaply as I could (older car, etc). Most all of my furniture is stuff I found on the side of the road or was donated by friends as hand-me-down stuff. Not spending every dime you make is called “living under your means”. You must “live under your means” to survive, because there is always some surprise that will bite you and you need to have a little extra money to get it done.
Because I always paid my bills, by living very cheaply and doing without fancy bling or cable or cell phones or pagers or this or that or a base ball bat………..I have good credit. It’s not complicated people. You have good credit because you pay your bills. You pay your bill because you are responsible and live without things you would “like” to have, but instead only live with “what you can afford”.
Yes I’m a white guy. No I have never inherited money nor my forty acres, no I have no dad in my life, yes I worked a job since before I was in high school and no one or nothing helped me get anything I’ve ever gotten in my life (school, etc). After years of working hard and living without what I see most people feel entitled to, I was able to buy a house in a decent neighborhood. I still have the same crappy old car. I still don’t have cable. I still pay my bills. And I bought a lot less house than I was “approved” to buy, because you have to LIVE UNDER YOUR MEANS TO SURVIVE.
It’s not about race people. When you stop your thinking at the word “race”, you stop trying to do for yourself. Get up, work hard, show up every day, be polite, give people more than they expect and do it with a smile on your face, pay your bills, don’t buy anything ever unless it’s a critical need, have fun with your kids, instead of by spending money, educate yourself, even if you have to work night jobs (like I did) to pay your way. Don’t expect the world to hand something to you…don’t expect sympathy for NOT paying your bills…don’t expect me to believe that it is a lot more complicated than this, because there are not programs in place to help middle aged white folks get over some perceived disadvantage…so I had to get better grades to get into the same schools….had to work for every dime, because I wasn’t given college money…but…still…in the end…it’s very simple…add up your income after taxes, etc….and cut out every expense you have that causes you to spend all your money. If your you have a car payment, sell it and pay cash for a cheaper car so you have no car payment. If you are renting a two bedroom apartment with a nice view, get out of it and get a crappy one bedroom with no view and pay your bills with the extra few hundred dollars you just saved. Put that extra money onto paying off debts. DO NOT CARRY DEBT, you are paying someone interest for the luxury of you spending money you didn’t have to spend in the first place…it’s a vicious cycle. Get out of debt….then save up enough to buy a CHEAP house…don’t’ buy a big house just to impress your friends or just because someone will lend you the money……………..LIVE UNDER YOUR MEANS…SACRIFICE what society tells you is your entitlement…DO FOR YOURSELF…like I try to do every day. Now, let me go eat the sandwich I brought from home for lunch, while the rest of my co-workers go out for lunch. You have to do what you can do…but spend less than you make…like some commercial said…”it’s not how much you earn that matters, but how much you save”…saving money is about not spending it in the first place. Lower your bills each month by cutting out everything you can…and downsize…and for God’s sake…don’t have kids if you can’t afford them…they are one of THE most expensive luxuries in the world to have in your life.
By Redneck Convert
November 6, 2007 10:25 AM | Link to this
Well, all I know is if I want to own a trailer to live in I need to get a job and work for it. Not set around and wait for a guvmint handout. The problem with Those People loosing their home is they wanted to go above their station and buy something they wasn’t suppose to have. If God wanted them to have a house of their own they would of been borned white or leastwise with a deed in their hand.
They need to get out of downtown and get to know the right people. That’s how I got my beer truck job. Meeting a warehouse guy up at Billy Bob’s. Course, I wouldn’t want one of Those People showing up at Billy Bob’s. Maybe they could go to Roswell where all the illegals are and meet the right people and get a job. You see lots of good white Christians loading illegals in their pickup trucks there. And I wouldn’t want one of them to buy a trailer near where I live. We already got one fambly of them here at the trailer park and I have to be on the lookout all the time to keep them away from the missus.
Well, I voted this a.m. The big issue was redevelopment. That’s a fancy word for buying out all the apartments where Those People and the Mexicans live and putting in real expensive houses and shops they can’t afford. It sort of nudges them further north and keeps the area mostly white. Without getting us in trouble with the guvmint.
Well, I’m going to get off of this blog before tftt gets on here and starts blasting Those People and the Mexicans for doing crimes. And probly Dusty will be waking up in a bad mood right about now and lighting into me and this Captain guy and anybody else that don’t suit her. She’s just like a old blind rattlesnake when she’s had too much to drink the night before and wakes up wanting to punch somebody. Have a good day everybody.
By Camus
November 6, 2007 10:37 AM | Link to this
BS,
I have no sense of being a victim. I use my reason and intelligence, seek out multiple sources of information, and constantly strive to question my assumptions. I pay my bills on time and live within my means. I do without many of the “necessary” luxuries of our day, as do my children. But we have the things we need for a full and rich life.
But the fact that “I’ve got mine” does not excuse me from having compassion for those who do not. Compassion demands that we put ourselves in other peoples’ shoes; compassion demands that we strive to understand what brings people to their condition; compassion demands that we look beyond small-minded distinctions that atomize our society and perpetuate inequity. Compassion demands that we do what we can to alleviate suffering in others, even to the point of assuming some of that suffering to ourselves. The self-professed Christians on this board might vaguely recognize this idea, as would anyone with a grounding in the great religious traditions of the past 2500 years.
People are victimized in our society every day. There are victims around you, constantly. Why would you want to pretend otherwise? Is the strain on your ability to hold compassion too much to bear?
Our survival as a society demands that we practice compassion. Not this empty slogan compassion so favored by the right wing crowd, but true love-thy-neighbor compassion.
But that might be an inconvenience, it might interfere with your rights to live as you please. Never mind.
Or we can keep going the way we’ve been going lately. How’s that working out, anyway?
By les
November 6, 2007 10:45 AM | Link to this
Camus,
Your second post was more on target. It is a culture of spend, spend and spend some more. Mostly on credit. I just recently saw a startling fact—that consumer spending represents 70% of the GNP. We used to MAKE things, but then greed sent factories overseas. How do these other countries make such cheap products? Essentially by slave labor (at the pitiful wages paid). So, millions are enslaved today. And they are not black. They are Asians and South Americans.
But the mentality that drives this bizarre buying behavior again, I think, goes back to a lack of real education for the past 30-40 years.
It is a house of cards, and it must collapse. Then we will finally see how things sort out.
By DebbieDoRight
November 6, 2007 10:46 AM | Link to this
In 2004, the ten states with the lowest SAT scores ALL voted for the re-elction of Republican George W. Bush.Yes, Mr. Wooten, I’d say this country is long over due for some education.
OMG Too funny!!! Best post yet!!
OK here’s another one: jbmlaw now says he is in banking. Hmmmm I thought he was a small claims lawyer. Tomorrow I guess he can be a doctor followed by an indian chief the day after, then in sequential order, he can become a butcher, a baker and a candlestick maker all before the beginning of next week!!!
By jbmlaw
November 6, 2007 10:47 AM | Link to this
Dear Glenn @ 9:56, funny story, thanks for filling in the gap.
Dear Curious @ 9:46, do you find it odd that everyone is, to you, a racist, except you yourself? You often seem to be the most negatively race-conscious person on the blog.
Dear BS @ 10:14, thanks, but as I admire the substance in your posts, I hope you will not cede on financial argument. Also, I assume it was a mere typo, but there is a clever Randian pun in the final four words of your note to me.
Dear Ga-Tech 92 @ 10:19, an impressive story, my compliments. Clark Howard and Dave Ramsey have nothing on you. I still drive a 1992 Mazda myself, and will do so until the vehicle dies.
By ga_tech_92
November 6, 2007 10:47 AM | Link to this
I’m reading a lot of emotional whiny responses and some long winded responses with a lot of big words. What I’m not seeing a lot of is practical answers, like the post I put. Billy Bob never gave me a job because I was in good with Jethro. What I DID do was put myself through college by: I had no car, couldn’t afford a car payment, so I rode my bike to school and walked to the grocery store. I worked nights at a local bar after going around to about fifty places looking for work. I showed up to class and work every day and went without a lot of sleep. I used to be jealous of the ‘rich white guys’ partying at the bar I worked nights at, but hey, it’s not in my control and it’s a waste of time to spend energy on jealousy. So, I turned that frustration into harder work…so I stayed up later and worked harder than the other guy to get great grades…I KNOW I wasn’t the smartest guy in school (nor any job I’ve had), because no one has control over the brain God gave you. I did have control over how hard I worked though. I worked harder than most people, and it shows and people appreciated it. If you are a boss, do you promote the hardest working guy, or do you promote the white guy? Give me a break, bosses, schools, life is about working harder than the other guy and keeping a smile on your face, while ignoring the perceived injustices you could frustrate your self by focusing on. Spend your energy on the things in your control, your job, your education, your budget. Get a degree, get a job, work hard, be noticeably better than everyone else at your job by working longer hours and saying “YES” every chance you get. I suspect some of you will say I sound like an Uncle Tom or a “yes” man. That would be very negative way of looking at it and probably the reason you are such a whiner. My mom has no money and will probably never retire. My dad has never been part of my life. The government has never ‘assisted’ me. I’ve busted my ars and worked harder than the people who were given their 40 acres and a mule, years ago. I have never inherited nor will I. I don’t know if I’ll be able to retire, but I’ve got a good job, a good degree and a reasonable house in a good SCHOOL DISTRICT, because THAT was my priority after sacrificing for years to EARN it for MY ONE SON. Please note, I know a lot of people who are in their twenties with houses that their parents mostly paid for. That isn’t “fair” really is it?…well who cares!!! Does it help me to complain, hell no, white guys complaining is laughable, who cares about us right!?!?!? If you want something, sacrifice and work hard for it. You might fail over and over again, but you get up, dust yourself off, and go back at it. If you get upset, then turn that energy into working harder. It took me till I was forty years old to afford a house of my own, renting a room out or a one bedroom apartment was all I could AFFORD to SAVE a little money to put down on a house.
Go to school. Don’t have kids till you can afford them. Graduate. Get a job and out work everyone there every day. Save, instead of spend. You are much better off having 500 in savings for an emergency than you would be having a new VISO High Def Bling Panel TV in your house. It’s about priorities and about turning your focus onto “how can I help myself” instead of “why won’t you help me”….
By Dusty
November 6, 2007 10:49 AM | Link to this
Aw Jim, I wish you hadn’t done this one. Well, first, I don’t think anybody knows exactly who did what and why. In America, we’ve got all kinds of folks doing all kinds of things in different ways. And being human (all colors), we can think of many excuses on which to blame our mistakes or forget our excellence.
But one thing I do hate. This old line that some are just out of bondage. Yes and ladies are still wearing hoop skirts and riding in carriages. Let’s forget that one because it is dead of old age and antipathy.
Black subprime losers all? Well, the black CEO of Merrill Lynch just left with several million $ goodbye gift. He’s a loser? Thomas Sowell is a loser? Colin Powell? Condi Rice? My black dermatologist? Andruw Jones? Ophra? Some “losers” I must say!!
I just hate these “boxes”. Every group or race has smart ones and those a little less so. Their talents vary. But, in America, we try to encourage all fields of endeavor and hold out our hands to those who are reaching.
As to subprime lending, this too shall pass. It is no ephiphany, just a little bump in our historical road as we move along. Don’t make it something else.
By time for the harsh but unassailable truth
November 6, 2007 10:49 AM | Link to this
LMFAO!!!
The pitiful despicable rabid desperate racebaiting by the usual hordes of black/leftist afterbirth on here is HYSTERICALLY FUNNY!!
The simple cold harsh truth is this!!
Ordinary blacks that this topic applies too generally speaking - though clearly this is blindingly obviously hardly always the case - are very often much dimmer and stupid than ordinary whites/asians!! Many blacks have a shameful pathetic attitude to education which nauseatingly perpetuates this ignorance which Bill Cosby et al are finally trying - albeit too often in vain - to reverse!!! Combined with the entrenched sullen vile racial spoils attitudes of gimme gimme blacks and the instant screeches of racism when the reality of life hits hard its hardly surprising that blacks end up where they do socio-economically.
Obviously the happily ever growing huge black middle class is JUST as capable as any other folks in society in taking care of themselves. But its the dimmer more stupid blacks that invariably wind up in economic difficulties because they have little or NO concept of how the real world works!! Then smug racebaiting leftist/black scum slither along and tell them its all whitey’s fault and they need to keep voting demoNcrat to stand a chance of getting more freebies and hand outs etc!! A Vicious Cycle - not the excellent Lynyrd Skynyrd album!!
Banks and financial institutions can ONLY lend to those folks who present themselves as customers. And if they REFUSE to lend to dim and stupid blacks they risk getting sued for racism. If they refuse to lend to dim and stupid whites then its NOT racism, just sensible practice!!
Way too many folks - of all colours -live beyond their means, making bad or even criminally stupid financial choices. Ending in eviction, foreclosure, repossession, bankruptcy or whatever. Many blacks -they are obviously hardly the only ones but seem to do this more than most in the areas I am familiar with - move in somewhere renting/buying and when the repayments/rent gets too much or too far behind - if not evicted they do a runner, leaving the landlord/lender picking up the pieces. I’ve been told several by GA Power folks who come to my house to read the meter that this is very common in certain areas and so higher bills are levied at the rest of us to cover deadbeats.
This is an absolutely true story folks. Several years ago I was selling my modest tiny hovel and one of the couples that came to see it, stopping when they saw the Buy Owner sign were middle aged black folks. He was actually called Roosevelt (which I nearly quietly p!ssed myself laughing at - I’d not been here that long and had NOT ever met anyone called that) and his wife was called Mary. They came to the house twice, we showed them around. He had an annual salary sufficient enough to buy the house - he had a job in Marietta as some kind of a skilled mechanic. After the second showing we stood there, pleased they were going to buy the house. They were very nice but extremely simple folks. He then asked me where he needed to sign as he wanted the house. He had NO idea whatever about mortgages and closings and contracts etc. I was stunned, and gently explained that he needed to go get a mortgage, find a lawyer, a bank or mortage company etc. Obviously I didn’t laugh or sneer at him. I was just amazed that at the very end of the 20th century this kind of child like ignorance was still possible amongst middle aged decent hard working people.
By jbmlaw
November 6, 2007 10:55 AM | Link to this
Dear les and Camus @ various times, the Paul Ehrlichs of the world have been forecasting a return to a serf-based agrarian economy for as long as I can remember. Suggest you put everything you have in commodity futures. Let me know how that works out for you.
I intend to continue to invest in the service-based world economy, which relies entirely on those who use credit. In fact, Chinese and Indian banking look to me to be the most promising growth areas over the next two decades.
By DebbieDoRight
November 6, 2007 10:57 AM | Link to this
Jim, How very “Repuglican” of you to bring up race yet again in one of your forums!!! Kudos to you Jim!! Bloggership down? Bring up race? Wanna stir the pot? Bring up race!! No water in North Georgia? Kids failing in Georgia schools? SonnyDoo making illicit land deals to benefit his coffers? Handel secretly removing registered voters from the rolls? No “Child Porn” conviction for the Douglas County DA? No accountability in the state Capitals? Dumbya trying to start yet another war? Heck who cares about all that?!! Let’s not talk about that — Let’s bring up race!!! That’ll keep the bloggership numbers up!!
For a person who claims that blacks bring up the race card all the time, you must be an honorary member of “The Black Folks Of America Club” ‘cause you bring up racial divisions more than anyone in the south. I guess that repuglican “Southern Strategy” is still working even today!!
Kudos to you Jim!! Don’t forget to take your race card back — you may need it again if your blogging numbers keep going down.
Pssst: Bring up the “non-European”, (read that as non-white), immigration problem tomorrow!! THAT’ll get ‘em riled up!
By jbmlaw
November 6, 2007 10:59 AM | Link to this
Dear Debbie @ 10:46, I know it is incomprehensible to you that a person can do more than one thing marginally competently, so I won’t waste your time. If you understood that banking is a highly-regulated field, it might make sense to you.
By DebbieDoRight
November 6, 2007 11:01 AM | Link to this
Yes I’m a white guy. No I have never inherited money nor my forty acres, no I have no dad in my life, yes I worked a job since before I was in high school and no one or nothing helped me get anything I’ve ever gotten in my life (school, etc)
I almost believed your story until you said you were a man. I have YET to see a man sacrifice anything, (other than a condom), when it comes to their pleasure. Nice try though.
By DebbieDoRight
November 6, 2007 11:09 AM | Link to this
dear jbmlaw @ 10:59 — I understand that you speak with forked tongue. According to you your son was/is an Ensign—however he’s still in College and the college is NOT the Naval Academy; (which technically he couldn’t become an Ensign until he graduated anyway).
I understand you said you were a small claims lawyer, YET you are a banker too. Now, I know plenty of people who’ve changed careers from one profession to another, however I have NEVER heard of someone who used to be a banker, take a step down in life to become a small claims lawyer.
That’s like Miss America becoming the Happy Hooker.
Pssst: You noticed how I married the profession of small claims law with prostitution?!! Pretty cool huh?
By time for the harsh but unassailable truth
November 6, 2007 11:10 AM | Link to this
SNIGGER SNIGGER SNIGGER … TOO FREAKING FUNNY!!
So now crackpipe debbieturd admits with yet more of its OUT ON BAIL witless puke that its LITERALLY a black racist MAN HATING whoralicious racebaiting dogturd!!!
I guess tomorrow we can bring up the non-human problem - so at least the mexican day labourer BIG GULP expert crackpipe debbie turd won’t feel completely left out!!
huge I hate black racist scum SNIGGER
By BS Aplenty
November 6, 2007 11:11 AM | Link to this
Camus
The TSowell essay (link referenced in jbmlaw’s post) addresses the universality of slavery. No further comment on my part would illuminate the issue or improve his essay.
If you want to talk about ending poverty then I’d refer you to gatech92’s post at 10:19. This is the kind of ‘Horatio Algier’, rags-to-middle class-riches story that the white community readily embraces but the black community only reluctantly so. The Asian/East Indians in this country have adopted the Horatio Algier story.
If you want my advice on eliminating “poverty” in this country I would encourage the following behaviors:
a) prize education, hard-work and personal sacrifice, b) marry your sweetheart and stay with her when the children come, c) adopt a sense of optimism & pride that rejects assistance from the government (maybe a last, temporary resort).
Best wishes.
By Glenn
November 6, 2007 11:16 AM | Link to this
Debbie, your reverse misogyny’s misanthropically funny! I didn’t know that you have humor.
By ga_tech_92
November 6, 2007 11:17 AM | Link to this
DebbieDoRight, towards me you have provided a very non-factual and sexist remark. Nicely done and classic blogger motif.
By time for the harsh but unassailable truth
November 6, 2007 11:19 AM | Link to this
SNIGGER SNIGGER SNIGGER
HA HA HA HA HA … HEEE HEEEE HEEEEE
now crackpipe’s talking about hookers and prostitution …. LMFAO!!!
TALK ABOUT DELICIOUS IRONY!!!
By Shark Sammich
November 6, 2007 11:28 AM | Link to this
camus wrote:
Surely Wooten is not suggesting that blacks are inherently less responsible than whites,
Why wouldn’t he? That’s what his idiot conservo-fascist fan base believe.
By Courtney
November 6, 2007 11:35 AM | Link to this
BS Aplenty should consider actually reading Adam Smith before claiming him. BS’s 10:14 indicates that he doesn’t know the first thing about what’s in the “Wealth of Nations” or anything else that Smith has penned.
BS Aplenty indeed.
By Follow the money
November 6, 2007 11:35 AM | Link to this
Through well-placed (directly up the behind)lobbyists and generous campaign donations, the credit industry authors and sponsors legislation that affects them. That’s why there is virtually no mandate for the industry to police itself. When their own bad business practices land them in trouble, however, they count on legislators to give them tax loopholes and pass laws and restrictions that punish consumers.
“Personal responsibility” is for you, not them. Your representatives do not represent YOU; they represent big business and big money.
By BS Aplenty
November 6, 2007 11:40 AM | Link to this
Shark Sammich
Your language is so PC-based that I bet you were born in the Silicon Valley.
P.S. jbmlaw I only wish I knew what a “Randian pun” was !!
By time for the harsh but unassailable truth
November 6, 2007 11:42 AM | Link to this
Black subprime losers all? Well, the black CEO of Merrill Lynch just left with several million $ goodbye gift. He’s a loser? Thomas Sowell is a loser? Colin Powell? Condi Rice? My black dermatologist? Andruw Jones? Ophra? Some “losers” I must say!! I just hate these “boxes”. Every group or race has smart ones and those a little less so. Their talents vary. But, in America, we try to encourage all fields of endeavor and hold out our hands to those who are reaching.
JOLLY WELL DONE PEEPING TOM … U’re empty sick and twisted poisonous assertion that Dusty et al are “racist” appears - like 99% of your puke on here - ever more empty and desperately rabid!!
Far left pathologically dishonest human scum like yourself have NO business in polite civilised society!! NOW BUGGER OFF BACK UP NORTH!!!
All these race baiting black/lefty abortion bucket escapees on here seem to miss the BLINDINGLY OBVIOUS … that *everyone - regardless of race or colour (other than the mentally handicapped) is WHOLLY responsible for their adult choices and decisions in life!!*
Mr Banker
Lynyrd Skynyrd
Mister please, how much does money mean Won’t you reconsider mister Won’t you do this thing for me Ain’t got no house Ain’t got no car All I got, Lord, is my guitar But you can have that mister banker Won’t you bury my papa for me Oh mister banker please Listen to the way I sound
I would not be here on my knees But hey mister banker It means so much to me Oh won’t you reconsider mister Won’t you do this thing for me
I told you mister I ain’t got no house Ain’t got no car I got me a 1950 Les Paul guitar Won’t you take it mister banker Won’t you bury my papa for me Oh mister banker please
By Matlock
November 6, 2007 11:46 AM | Link to this
DebbieDoRight does seem to know a lot about men, condoms, and prostitution.
And she’s a Democrat. Imagine that.
By Shark Sammich
November 6, 2007 11:48 AM | Link to this
BS aplenty gave us:
I only wish I knew what a “Randian pun” was !!
Ayn Volk, Ayn Land, Ayn Führer.
there ya go.
By jbmlaw
November 6, 2007 11:52 AM | Link to this
Dear Follow @ 11:35, I think you are 95% on-track. The “credit industry” money, of course, is from the big players – Chase, BoA, SunTrust, arguably-insolvent Citi. The technique of their control is, perversely, regulation, which has huge economies of scale. By inflicting unnecessary costs on the smaller players, the big guys can enforce their market dominance. If you really wanted the industry to police itself, all you would have to do is deregulate all but the 20 largest banks; the market would do it.
Dear TFTT @ 11:19, funny line.
By Truthifier
November 6, 2007 11:53 AM | Link to this
“How would you, believing nothing, have anything about which to disagree?”
What does that even mean Glenn??
By Jay
November 6, 2007 11:53 AM | Link to this
“There is a BIG difference in asking for a hand out, and a hand up. Think about it. Where would the majority be if they had the same exact start?”
With all due respect, you can ask all you want, but whites will never give you the answer you want: “You’re right, we’re wrong. Here’s our money and power.” I’m ashamed that slavery existed in this country, but I had nothing to do with it. I have my own set of problems to deal with and responsibilities to uphold; those are my top priorities.
If blacks want to get ahead, they’ll have to do it individually or from within their own community. No doubt it’s unfair, but such is life. As badly as you think you have it here in the U.S., there are people of all races much worse off than the poorest of you around the world.
My point is, we all eventually have to accept the situation we’re born into and make the best of it. To be brutally honest, you can’t rely on anyone but yourself for a hand up.
By Shark Sammich
November 6, 2007 12:00 PM | Link to this
upthread I sawed:
Pssst: You noticed how I married the profession of small claims law with prostitution?!! Pretty cool huh?
That’s really, really unfair to the prostitutes.
By time for the harsh but unassailable truth
November 6, 2007 12:04 PM | Link to this
shark sammich… please do us ALL a great favour and go and have immediate Klinton like oral sex with a shark … preferrably a rather hungry great white …
funny how there’s NOT a great black shark - although arguably the hugely self absorbed likes of Oprah (before yet another crash diet), Calpyso Louis Farracrap with dem razor sharp pearly whites or the average ebonics spoutin’ obese loser black female - happily now almost forgotten - McKinney voter comes close!!
By Commander Guy
November 6, 2007 12:07 PM | Link to this
Our noble pal ga tech 92 complains about the long-winded emotionalism of some of todays post. This coming from a guy whose whiny b!tch posts go on and on forever, hysterically declaiming how grand and wonderful he is and to hell with the rest of us.
Typical whiny, perpetual victim white guy cr@p. Can’t these woe-is-me pale patriarchal penus people ever get over their permanent victim pity party?
Pathetic.
By Glenn
November 6, 2007 12:19 PM | Link to this
Camus @ 10:37,
As one of “the self-professed Christians on this board”, I recognize your endorsement of compassion. While I do profess the Lord Jesus Christ, I don’t know that I’m a Christian. With Kierkegaard, I pray that I am. (We’ll see.)
My only quibble with your fine summation of the Christian view of compassion is that you confine your remarks mainly to pleasantries, whereas so much of the content of ancient Christian belief is most disquieting. For example, the scriptural reasons given for the Christian imperative of compassion; namely, that God was murdered by people like you and me, such that He cannot substantially live on Satan’s red Earth at this time.
That’s one of the chestnuts they don’t offer in Bible as Literature courses. I just wanted to make sure that you’re not one of the sophomoric bigots who cracks sideways here about the world’s great religious traditions as though he or she were getting away with murder.
By BS Aplenty
November 6, 2007 12:19 PM | Link to this
Courtney - you deranged, cross-dressing cadaver-maggot
Your assignment for today is to pen a 100 word essay distilling the groundbreaking elements of Smith’s two-volume work without using the phrase “…invisible hand, hand-job or handy-man.” Contrast this work with Marx’s Communist Manifesto oder Das Kapital and identify where their assumptions in political economy diverge.
No peeking at Wikipedia. You may begin, I’ll be back after lunch.
By Just Nasty and Mean
November 6, 2007 12:20 PM | Link to this
For God’s sake, will somebody please take care of these ignorant people who keep screwing up their own lives? I mean, it can’t be their own fault?! It’s just GOT to be the oppressive white man trying to put them down.
Right?????
By Camus
November 6, 2007 12:31 PM | Link to this
I have my own set of problems to deal with and responsibilities to uphold; those are my top priorities.
If blacks want to get ahead, they’ll have to do it individually or from within their own community.
And here we find a fine example of the heart of the problem. Blacks are a “they”. “They” are separate from “us”, and “we” should not be bothered.
Well folks, “we” live in the United States of America. First word in that name…UNITED. Not this group and that group; not separate rules for haves and have-nots; not the Distinctly Separate States of Hyphenated Americans.
We the People. United, god@mmit, not set off one against the other. Or at least that is the ideal embodied in the documents set down by the Founding Fathers.
But too many, like Jay and the tragic-but-triumphant victim from Ga Tech, are happy to see the nation divided. They’ve got theirs, all because they worked hard and are superior specimens of humanity. And to hell with anyone who might stumble and fall. Just make them fall down somewhere else.
Nice attitude, guys. Good thing your attitudes towards black people and the poor allow you to pat yourselves on the back and buck up your withered self-esteem. While les @10:03 displays a contemptible and deeply ingrained racism, at least he is honest about it. Too many of the posters here like to pretend that they are not racist, all the while cluck-clucking about the inferiorities of black people.
By Camus
November 6, 2007 12:44 PM | Link to this
Glenn,
I suspect we would quibble over theology. The teachings of Jesus were a priori the Crucifixion. The Sermon on the Mount; the admonition to turn the other cheek; how one should treat beggars (but give your cloak as well) — these and much else are all firm foundations of a compassionate personal practice.
The notion of Satan did not arise until several hundred years after Jesus taught and dies. This artificial construct (which was given its greatest exposition in the writings of Milton and Dante) was a creation of the men of the church, and was part and parcel of the intitutional anti-Semitism in Europe and the near East.
So, I suppose I would reject your contention that we are asked to be compassionate because of Satan. I believe we need to be compassionate because Jesus taught that it was the right thing to do.
One thelogical commenter once wrote that there are no Christians in the world, that it is simply too hard to live that way. Maybe so. But perhaps we could try a little harder.
As a start, I suggest that any view of our society that creates an “us” and a “them” is inherently a non-Christian approach. There is only “we”, in all the flaws of our shared humanity.
And hey, I’m a little old to be a sophomore, but my old man made sure I would always be a Junior. ;-)
By Craig
November 6, 2007 12:47 PM | Link to this
On a totally unrelated note, congrats to Ron Paul for his achievement yesterday.
Maybe there’s hope for the Republican party yet, if they would embrace this guy who believes in freedom, limited government, and staying out of the affairs of other countries.
By Poodle
November 6, 2007 12:51 PM | Link to this
One man can make a diff. Look at the Iraqi engineer who chumped the CIA on Saddam Hussein’s bio-weapon threat. They didn’t have to waterboard this guy. He sang like a canary and they believed every word of it. Why? Because it fit into Bush’s case for war. This is proof that Bush lied, plain and simple. Bush senior was the head of the CIA, so there’s no disconnect with W. Bush Senior must have been astonished when he realized what W was going to do. If Bush Senior is a true patriot, he’ll tell the truth about Iraq, before he goes to that west wing in the sky, and we’ll be a better country for it.
Bush Senior can give back that way.
Blacks are in the situation they are in because of the socio-economic contraints put upon their self-actualization processes by the vestiges of slavery, the consequences of the separate but equal laws, the stench of collective jim crow, and the ubiquitous stealth-racism still alive in the USA.
By Jay
November 6, 2007 1:06 PM | Link to this
“Well folks, ‘we’ live in the United States of America. First word in that name…UNITED. Not this group and that group; not separate rules for haves and have-nots; not the Distinctly Separate States of Hyphenated Americans.”
Camus, you offer a lot of empty rhetoric and make some tenuous accusations, but