Cry Wolf Quotes
Barack Obama supports [new fair pay laws], notwithstanding that they would raise workforce costs in a recession….Whether or not the U.S. economy creates more income in the coming years, Congress is clearly determined to redistribute it.
[H]igh inheritance and estate taxes do compel the sale of assets, with consequent changes in ownership, shifts in management and generally dislocating effects.
Since access would now be a civil right, moreover, the cost would not be relevant--even if that means eliminating bus service or closing down businesses that cannot afford either compliance or the legal expenses of defending themselves in court. In addition, the bill would also, for the first time, grant homosexuals the right to sue over discrimination.
The roots of this crisis go back to the Carter administration. That was when government officials, egged on by left-wing activists, began accusing mortgage lenders of racism and "redlining" because urban blacks were being denied mortgages at a higher rate than suburban whites. The pressure to make more loans to minorities (read: to borrowers with weak credit histories) became relentless. Congress passed the Community Reinvestment Act, empowering regulators to punish banks that failed to "meet the credit needs" of "low-income, minority, and distressed neighborhoods." Lenders responded by loosening their underwriting standards and making increasingly shoddy loans.