American Elephants


Obama: Black America is “Better Off Now Than When I Came Into Office” by The Elephant's Child

How about government racketeering? The 2010 Dodd-Frank Act created the Consumer Financial Protection Bureau. The Act specifically prohibited the agency from regulating auto dealers which the agency desperately wants to do because — racism. So the agency has gone after the wholesale finance  providers instead. These bulk lenders quote dealers an interest rate that dealers, “mark up” within fixed parameters when negotiating with car buyers.

The CFPB does not allege real bias against anyone, it alleges “disparate impact.” But the government doesn’t know the race or gender of car buyers. Dealers are forbidden to collect this information. Instead the CFPB relies on the “Bayesian Improved Surname Geocoding method” to classify individuals by ethnicity based on their last name, census tract and zip code. The CFPB admits that the method overstates  the African-Americans in the group by 20%. A private study suggests it’s more like 40%. But when pursuing racism to allege, the CFPB will leave no possibility unincluded.

The Bayesian method doesn’t identify skill in bargaining any more than it accurately identifies race and gender, but they charge ahead relentlessly. Many white males got less advantageous terms than the white-male average, unless they were mistakenly identified as Black, Hispanic and/or Female. This is a disgrace.

At his year-end press conference, President Obama was asked about the state of black America at the end of 2014. (emphasis added)

Like the rest of America, black America in the aggregate is better off now than it was when I came into office. The jobs that have been created, the people who’ve gotten health insurance, the housing equity that’s been recovered, the 401 pensions that have been recovered: a lot of those folks are African-Americans. They’re better off than they were.

The gap between income and wealth of white and black America persists, and we’ve got more work to do on that front.

I’ve been consistent in saying that, you know, this is a legacy of a troubled racial past, Jim Crow and slavery. That’s not an excuse for black folks, and I think the overall majority of good black people understand it’s not an excuse.

Growing numbers of black Americans aren’t so sure. Unemployment remains high. Ferguson, and Staten Island, empowered by agitators from international A.N.S.W.E.R., Al Sharpton, Eric Holder and the President himself put on a spectacle of riots completely unrelated to the facts in either case.

Well, Obama will fix that. He has signed an executive order creating the “Task Force on 21st Century Policing” as “part of the administration’s efforts to strengthen community policing and strengthen trust among law enforcement officers and the communities they serve.” The list of appointees for the Task Force is not encouraging, nor is the deliberate misunderstanding of facts of the riots and their cause.

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When Democrat Policies Fail, They Switch to Race-Baiting. by The Elephant's Child

It’s not just the EEOC. Obama’s new credit watchdog agency The Consumer Financial Protection Bureau (CFPB), is criminalizing debt collections by arguing they have a “disparate impact” on black Americans.

CFPB chief Robert Cordray says he’s coming up with new rules to crack down on creditors and third-party debt collectors who “hound” black borrowers more frequently than white ones.  “We will not tolerate companies harassing consumers in the debt collection market,” Cordray warned. He promised black church leaders that he would seek “economic justice” for blacks who have fallen into debt and come under the thumb of bill collectors and other “financial predators..”

The agency solicited more than 30,000 complaints that allegedly prove that creditors are abusing debtors. But they just took borrowers’ word that they don’t owe what they owe. A recent federal study shows more than 96% of such complaints are “frivolous.”

The Federal Trade Commission’s 2013 study found that only 3.2% of consumer debt is legitimately disputed. In the meantime, the agency is helping deadbeats to get out of paying their debts by posting samples of letter they can send to creditors to tell them to bug off.

Redistributing wealth by letting debtors and deadbeats off the hook for their debts is not helpful for the economy, for blacks, or for the national polity.

The biracial Barack Obama presented himself in 2008 as the presidential candidate who would show us the way to national unity. No more red America and no blue America. He was going to fix it. Seemed like a good idea at the time, but like everything else, he didn’t mean it. Now Democratic control of the Senate is threatened, and it’s time to revert to the tried and true tactic of race-baiting.  Only politicians act as if the whole world is centered on race, class and sex. Class envy and racial demagoguery.

When Democrat policies fall, Democrats fall back on race as the issue. They have such a miserable history with race, but it does get annoying when they try to claim that Republicans —Republicans! are segregationists. Excuse me. Despite Democratic myth-making, Lincoln was a Republican. The slave holders in the South were Democrats, the KKK was a Democratic organization. The Dixiecrats were Democrats. Bull Connor was a Democrat. The Republicans were abolitionists. The Republican Party was founded as a party of abolition, and has remained so.




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