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Entry: The Diversity Recession, or How Affirmative Action Helped Cause the Housing Crisis Link: http://www.takimag.com/site/article/the_diversity_recession_or_how_affirmative_action_helped_cause_the_housing#30749 Post contents: There would be no social engineering unless it was a fertile avenue for the kinds of State Sanctioned and fertilized private investment utilized by the Standard Issue Kleptocracy. Unfortunately, the State would muck up a one car funeral procession and as a result, Social engineering is doomed to failure squared once the profit motive is corrupted by its influences. The edifying effects of property ownership are lost once it is made too easy to practice or achieve a sense of ownership. Stewardship suffers a terminal deflation. There has been a kind of self-inflicted Reverse Versailles Treaty imposed upon the Post WWII USA. The lapsed-Republic elected to become imperialists with a happy face and while we double-downed to vanquish the Soviets in a spending spree, we failed to understand how to control ourselves once we were victorious against our nemesis...the deal with the devil was mistaken for divine inspiration. We have embraced the role of Imperialist and encouraged a kind of feigned "free-market" globalism that has indebted us and willingly forsaken our manufacturing base while enlarging most everyone elses. The downside of this protracted fools paradise is that the Government discovered that our only real remaining asset beyond the arms business was our vaunted and supremely idiotic suburban experiment. Inflation rates were sliced and diced and the Government presided over a shotgun marriage between the Mortgage and Investment Worlds under the rubric of "spreading risk" by back-loading it. Mathematics, a discipline grounded in a rigorous pursuit of truth was used not to reveal but to obscure. The entire thing could have been dreamed up by a reasonably resourceful Meth Head Economics major 23 hours into a 48 hour high. What is truly remarkable about this current state of affairs is that we have been provided with a near pitch-perfect demonstration of the dysfunctions we have pursued...with relish...over the last 6 decades and still, the best we can do is produce the bromide of "Change" while looking to assign primary blame in the affair to the minor players. Cheap Oil, abundant food and water, geographic safety and an easily led population of earnest joiners lulled the nation into thinking it was "exceptional" and "entitled". We failed to understand that our belligerent militarism and meddling would ultimately be turned back on us nor did we accept that a sense of economy, of restraint, quiet study and patience are the most valuable behaviors in the long run. The American Mind became the Las Vegas Hustle. Rest assured, now that we have created a generation of A.D.D. serfs indoctrinated into the Church of Debt and Declining Aspirations, the social engineering will continue to metastasize. We will see a continuation of the government sponsored impoverishment amply demonstrated by a subsidized lack of thrift, malignant "forgiveness" and "affordable housing" schemes that ensnare citizens in housing that removes them from the last remaining chance of financial security available to us :Home equity. This sub prime fiasco is akin to Custer's Last Stand. With Compassionate Conservatism or Politically Correct Liberalism ...both hilarious oxymorons, the future will be one of an equal opportunity serfdom but true to form , race will be used to codify it and reliably keep the bleeding from stopping. The fact that we hear increasing discussion of "intelligent design" during this brazen period of moronic behavior is but one of many magnificently hilarious aspects about this nation led around on a nose ring by it's baser instincts. Race is not a causal element of this debacle, it's just one more of the many useful idiots of it. Sent at: 2008 12 02