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Democrats lead to failure

December 29, 2013
The Herald-Star

To the editor:

Throughout the 2012 Republican campaign, there was a lot of talk about job creators, whom Democrats quickly redefined as rich people who don't pay their fair share. Most Americans see job creators - employers - as rich people. What about job destroyers? What about Democrats who are killing the jobs of ordinary Americans - not just failing to create them?

How many jobs did America lose under President Barack Obama's anti-business reign? How many unemployed did Obama create among African-Americans, Latinos and women? The official unemployment rate in Detroit after 50 years of Democrat rule and the first four years of Obama stimulus was 19 percent, but actually 45 percent were unemployed. Thirty-five percent of Detroit's citizens are on food stamps. Democrats destroy jobs and make people poor.

During Obama's first four years in office, African-Americans - middle-class African-Americans - lost half their net worth as a result of the collapse of the housing market. That's $100 billion in personal assets that disappeared from the pockets of African-Americans because of a 25-year Democrat campaign to remove loan requirements for homebuyers.

The fingerprints of Obama, Jimmy Carter, Bill Clinton and Barney Frank were all over the subprime mortgage crisis. The campaign to remove loan requirements for African-American and other minority borrowers started with Carter's Community Reinvestment Act.

It snookered thousands of poor black and Hispanic-Americans into buying homes they couldn't afford, which they then lost. How traumatic is the loss of one's home? By securitizing the failed mortgages, Democrat bundlers on Wall Street who had poured $100 million into the 2008 Obama campaign made tens of millions off the misery of those who lost their homes. In other words, with the help of Clinton, Frank and Obama, Wall Street Democrats made massive profits off the backs of poor black and Hispanic-Americans.

Large populations of the African-American and Hispanic poor are concentrated in America's inner cities - Detroit, Chicago, Philadelphia, St. Louis. Harlem and South Central Los Angeles. In those inner cities the unemployment rates are off the charts, the school system's so corrupt and ineffective that half the children drop out before they graduate and half those who do graduate are functionally illiterate. They will never get a decent job or a shot at the American dream.

In these inner cities, every city council and every school board and every school district are 100 percent controlled by Democrats and have been for more than 70 years. Everything that is wrong with the inner cities and their schools that policy can effect, Democrats are responsible for. Democrats have their boot heels on the necks of millions of poor African-American and Hispanic children and are crushing the life out of them every year.

Wake up, America.

Robert Yost

Bloomingdale

 
 

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