Washington Times: Illegal immigrants to blame for credit crisis

[w¡n9Nµ7 §£@¥€r 123]

If Congress and the White House are genuinely interested in fixing some of the structural problems behind the mortgage meltdown, here are three things that could actually help the situation:

* Cut or eliminate corporate income taxes. Instead of spending $700 billion to bail out the mortgage industry and banks, give the economy a real boost by cutting corporate tax rates. The United States has the second-highest corporate-income-tax rates among industrialized countries. This tax steals money from IRAs, 401k plans and workers' pension plans. Cutting the tax would send a message to the private sector that Washington will reward productive, entrepreneurial activity instead of throwing good money after bad.

* Cut the capital gains tax. This tax is a monument to liberalism's perverse interest in redistributing wealth and penalizing "the rich" - even if it destroys economic growth and jobs in the process. Dating back to 1969, the federal government has repeatedly increased the capital-gains tax, losing money virtually every time. On the other hand, when the tax was cut, revenues increased. As with the income tax, cutting capital gains would be one of the best things Congress and the president can do for the economy (and for those in the banking industry and housing industrial complex who would sulk at the loss of "their" $700 billion).

* Carefully examine the link between illegal immigration and the mortgage mess. Columnist Michelle Malkin writes on her blog that many of the areas hardest hit by the foreclosure wave, among them Loudoun County, Va., happen to be some of the largest illegal-alien sanctuaries. She points out that amnesty-promoting groups like the National Council of La Raza have received millions in federal funds to counsel their clients on obtaining mortgages with virtually no money down, and Mrs. Malkin has reported how major banks like Wachovia and Bank of America have launched campaigns soliciting business from illegal aliens.

http://www.washtimes.com/news/2008/sep/30/...out-that-wasnt/

[rebeccajo 14]

Oh noes! I see brown people!

[EstebanTrabajos 7]

Yeah yeah blame the brown man,

Irresponsable spending and credit, it is what it is.

I'm just waiting to hear that we are the ones to blame for the JFK assassination, the dissapearance of Jimmy Hoffa, 9/11, and the reason why Clay Aiken is gay.

Edited September 30, 2008 by GueraYTavo

[HAL 9000 96]

Sooner or later, illegals had to get blamed too.

[*JG* 2]

Oh, of course. They worked their way all the way down the excuse list to immigration.

I heard somebody wants to give all Americans $425,000 each instead of the way they were heading. These guys must really have some good Ganga up there in D.C.!!!!

[IAMX 3,055]

Haha. Blame the brown illegal immigrants. Jeeze. ###### morons.

All of her ideas suck, btw.

[Hilarious Clinton 452]

no money down + no income verification = mortgage

Stupid..... Regardless of skin color.

[EstebanTrabajos 7]

Really, I'm starting to think that my mom was all WRONG.

She used to tell me, "Mijo, money doesn't grow on trees."

Well, the way I see it right now, our dear government is doing just that, but this time the money is growing out of the printing machines.

Damn it, why did I get a college education? Maybe everything she taught me IS wrong

Edited September 30, 2008 by GueraYTavo

[rclouse 0]

[almaty 19]

yeap, it was indeed a Muslim plot to ruin the usa banking institutions....with help from the illegals..global warming zealots and commies for christ

[Heracles 417]

* Carefully examine the link between illegal immigration and the mortgage mess. Columnist Michelle Malkin writes on her blog that many of the areas hardest hit by the foreclosure wave, among them Loudoun County, Va., happen to be some of the largest illegal-alien sanctuaries. She points out that amnesty-promoting groups like the National Council of La Raza have received millions in federal funds to counsel their clients on obtaining mortgages with virtually no money down, and Mrs. Malkin has reported how major banks like Wachovia and Bank of America have launched campaigns soliciting business from illegal aliens.

http://www.washtimes.com/news/2008/sep/30/...out-that-wasnt/

Well I just so happen to live in this county and yes illegal immigration has affected the housing situation, as it has with every other service in the county.

Due to the construction boom and frivolous lending practices, you had a situation where undocumented people purchased houses without any verification. As the construction industry dried up, a lot have now picked up and left. Since they are undocumented they clearly have nothing to loose. How did they afford $500K+ homes, quite easily actually. Two or three families lived in the same house. Plus for obvious reasons, their income was never verified.

Now, once again, the legitimate county tax payers are left to foot the bill.

[Heracles 417]

Oh noes! I see brown people!

In other words nothing legitimate to say apart from resorting to bull #######.

[Chica Yeyé 41]

yeap, it was indeed a Muslim plot to ruin the usa banking institutions....with help from the illegals..global warming zealots and commies for christ

#######?!?!? Commies for Christ did not approve this message

[w¡n9Nµ7 §£@¥€r 123]

Due to the construction boom and frivolous lending practices, you had a situation where undocumented people purchased houses without any verification. As the construction industry dried up, a lot have now picked up and left.

They're leaving???

But I thought they were part of the Reconquista army?!?!

[EstebanTrabajos 7]

Well I just so happen to live in this county and yes illegal immigration has affected the housing situation, as it has with every other service in the county.

Due to the construction boom and frivolous lending practices, you had a situation where undocumented people purchased houses without any verification. As the construction industry dried up, a lot have now picked up and left. Since they are undocumented they clearly have nothing to loose. How did they afford $500K+ homes, quite easily actually. Two or three families lived in the same house. Plus for obvious reasons, their income was never verified.

Now, once again, the legitimate county tax payers are left to foot the bill.

And let me guess...you think Sarah Palin is the best in leading this country in case Grandpa McCain decides to part this world. Hahaha you live in a bubble my friend

I don't deny that some illegal immigrants have done it, BUT to blame them for this s!hithole we are in is completely nuts. It's equivalent to blaming Pelossi and her speech for all those Republicans that voted against the bailout. We are NOT that stupid, at least some of us.

Edited September 30, 2008 by GueraYTavo