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The Conservative Insurgency

metallic Wrote: Nov 14, 2012 10:56 PM
6 of 11 Racist Lies Republicans Tell to Avoid Blaming Wall Street for the Financial Crisis. The CRA is just another failed liberal handout program. No. The benefits of CRA have been substantial. Robert Rubin recently estimated that the law has channeled upwards of one trillion dollars into distressed neighborhoods across the country -- including both inner cities and rural areas without much access to investment funds. In these areas, home ownership is up -- and with it, the local tax base, which means more parks, more cops, more street repairs, and so on. There's more decent rental housing, too, because landlords can get loans for upgrades and improvements.
metallic Wrote: Nov 14, 2012 10:56 PM
Small business ownership is also up. Low-income communities have become more attractive to outside investors, and more able to support community redevelopment efforts. And in places where people once cashed their paychecks at the convenience store and depended on payday loans, there are now full-service bank branches offering the same affordable financial services people in better neighborhoods take for granted.

The Republicans like to talk about the "ownership society." There is no ownership without access to capital. For 30 years, the CRA has been making private capital available to qualified people who want to bootstrap themselves into home and business ownership, and a secure place in the middle class.
In 1968, the Viet Cong and North Vietnamese Army insurgents rose up against the American and South Vietnamese forces in the Tet Offensive. They were wiped out, yet seven years later they were in control of the country. There are lessons there for us conservatives.

Conservatives, as opposed to the Republicans who partially overlap them on the Venn diagram of American politics, need a strategy. Strategy differs from mere tactics – it is a synchronization of potential ways (think courses of action) and available means (think resources) to achieve a long term end. Tactics are the techniques supporting the strategy....