Why Understanding Ethnic Differences in IQ Matters
10th January 2012
Steve Sailer does the heavy lifting.
The conventional wisdom on increasing minority homeownership, as promoted by Bill Clinton, George W. Bush, Henry Cisneros, and Angelo Mozilo, was that mortgage lenders who followed traditional credit standards were stupid racists who were overlooking lots of blacks and Hispanics who were smart enough to make enough money to pay off their mortgages even if they put down a tiny or nonexistent down payment and didn’t quite have all their documents. (Hey, they’re undocumented! Don’t be prejudiced against the undocumented for not having documents proving that that they make six figures picking strawberries.)
What happened instead, of course, was that sharp pencil guys, in the name of fighting racist redlining, pushed people who weren’t good with numbers and weren’t good at coolly assessing the long term implications of financial decisions, people who were disproportionately blacks and Hispanics, into complicated loans that just raped them, and ended up raping the country.
But hey! Now they’re victims, and if there’s anything the Crust can’t get enough of, it’s victims. Victims give them the opportunity to spend money, most of which goes into their own pockets. Victims justify setting up government programs, the primary purpose of which is to hire and pay government workers (using the term loosely).
And that explains a lot about the motivations behind the businesses in the immigration lobby: more uneducated, innumerate, insecure Mexicans are more fresh meat for their salesmen. They can’t rip off educated white people who subscribe to Consumer Reporters and use the Zag system reserved for CR subscribers, so they want to bring in millions of new people they can outsmart and cheat.