Conservative media
Cry Wolf Quotes
The Community Reinvestment Act (CRA) did the same thing with traditional banks. It encouraged banks to serve two masters -- their bottom line and the so-called common good… By pressuring banks to serve poor borrowers and poor regions of the country, politicians could push for increases in home ownership and urban development without having to commit budgetary dollars. Another political free lunch.
[The income tax would] divide the population into two classes, the class which contributes to the support of the Government, and the class which does not contribute.
The Form and nature of the old-age insurance plan, is very questionable; the whole matter should have received careful study by an expert commission. It would mean an added tax burden equal to nearly half of the existing total Federal tax burden.
Because the Community Reinvestment Act is really kind of a Cloward and Piven kind of scheme that really led to all of the things that, well, we're now having to bail banks out for.